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Pin to quick picksGulf Marine Services Share News (GMS)

Share Price Information for Gulf Marine Services (GMS)

London Stock Exchange
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Share Price: 18.25
Bid: 18.20
Ask: 18.35
Change: -0.55 (-2.93%)
Spread: 0.15 (0.824%)
Open: 18.70
High: 18.70
Low: 18.00
Prev. Close: 18.80
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TRADING UPDATES: H&T plans raise; Joules turnaround continues

Thu, 29th Sep 2022 22:08

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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Dolphin Capital Investors Ltd - British Virgin Islands-based investor in high-end resort developments in the eastern Mediterranean - Sells entire interest in the One&Only at Kea Island project, netting EUR17.9 million. Owns 67% of Single Purpose Vehicle Ten Ltd which, in turn, indirectly owns 50% of One&Only, giving it effective equity interest of 33%.

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H&T Group PLC - Surrey, England-based pawnbroker - Plans to raise GBP16.9 million from issue to institutional investors at 425 pence each. Says proceeds of issue will go towards growing its pledge book, given strong demand, and to fund the expansion of the store estate through the opening of up to a further 20 new stores in 2023. Notes pledge book ended August at GBP89.6 million, rising from GBP50.2 million at June 30.

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Joules Group PLC - Leicestershire, England-based country lifestyle retailer - Notes it is making "good progress" in developing its turnaround plan, which is focuses on "driving higher profitability". "The company continues to make good progress on its simplification agenda and cost management process. Interpath Advisory is assisting the board with an initial assessment of certain elements as part of the development of this turnaround plan," it adds. Continues to assess its ongoing financing requirements, including a possible equity raise.

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Allergy Therapeutics PLC - Sussex-based biotechnology firm focused on allergy vaccines - In financial year ended June 30, sinks to pretax loss of GBP12.7 million versus GBP3.7 million profit the year prior. Revenue drops to GBP72.8 million from GBP84.3 million. Research & development costs grows to GBP15.7 million from GBP12.9 million. Notes a "strategic streamlining" of older products to focus on high value growth products. Chief Executive Manuel Llobet adds: "While market conditions remain challenging for many companies, our leading core European commercial business has been resilient."

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Gulf Marine Services PLC - United Arab Emirates-based lift boat company - Signs improved contract, with a total duration of 72 months, for both an E-Class and K-Class vessel with an unnamed national oil company in MENA. The contract will come into effect in October 2022. Second contract win of the week, following new contract for an E Class vessel with an unnamed client in the Middle East and North Africa region.

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Thungela Resources Ltd - South Africa-based thermal coal exporter - Responds to an article from Bloomberg titled 'Top Coal Miners Consider Bids for South African Renewables Firm' which suggest Thungela is considering a bid for Actis LLP's BTE Renewables. Calls the article "factually incorrect". Confirms that it is not considering the acquisition of "any" renewables business". "We are not focused on diversification into the renewable energy sector," it says. Says current plans are limited to the installation of a 137-kilowatt solar plant at the eMalaheni water reclamation plant in South Africa and studies for a 4-megawatt solar photovoltaic plant at its Zibulo colliery.

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By Paul McGowan; paulmcgowan@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

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29 Jun 2020 20:16

IN BRIEF: Gulf Marine Services Says Performance Ahead Of Business Plan

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17 Jun 2020 14:11

IN BRIEF: Gulf Marine To Hold General Meeting After Seafox Requisition

IN BRIEF: Gulf Marine To Hold General Meeting After Seafox Requisition

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12 Jun 2020 13:12

IN BRIEF: Gulf Marine Rejects Shareholder's General Meeting Request

IN BRIEF: Gulf Marine Rejects Shareholder's General Meeting Request

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11 Jun 2020 16:16

IN BRIEF: Gulf Marine Shareholder Seafox Requests General Meeting

IN BRIEF: Gulf Marine Shareholder Seafox Requests General Meeting

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3 Jun 2020 13:56

Wednesday broker round-up

(Sharecast News) - Johnson Matthey: JP Morgan upgrades to buy.

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2 Jun 2020 14:15

Tuesday broker round-up

(Sharecast News) - TUI: Berenberg downgrades to sell with a target price of 350p.

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28 May 2020 15:10

Gulf Marine Looks To Future After Rebuffing Seafox Interest

Gulf Marine Looks To Future After Rebuffing Seafox Interest

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26 May 2020 17:20

Gulf Marine Services Gets New Contract, Confirms 2020 Earnings Outlook

Gulf Marine Services Gets New Contract, Confirms 2020 Earnings Outlook

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13 May 2020 15:03

Gulf Marine Secures Further Shareholder Support Against Seafox Bid

Gulf Marine Secures Further Shareholder Support Against Seafox Bid

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11 May 2020 13:41

Gulf Marine Wins Six-Month Offshore Renewables Contract

Gulf Marine Wins Six-Month Offshore Renewables Contract

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5 May 2020 18:23

Seafox International Raises Offer Price For Gulf Marine Services

Seafox International Raises Offer Price For Gulf Marine Services

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4 May 2020 10:11

Gulf Marine Says Now Not Time To Sell Up As It Rebuffs Seafox Approach

Gulf Marine Says Now Not Time To Sell Up As It Rebuffs Seafox Approach

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