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Pin to quick picksGulf Marine Services Share News (GMS)

Share Price Information for Gulf Marine Services (GMS)

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Share Price: 19.30
Bid: 19.60
Ask: 19.75
Change: -0.50 (-2.53%)
Spread: 0.15 (0.765%)
Open: 19.70
High: 19.70
Low: 19.30
Prev. Close: 19.80
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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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28 Feb 2020 16:04

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31 Jan 2020 12:15

Gulf Marine Services Gets Another Extension To Covenant Waivers

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21 Jan 2020 12:09

Gulf Marine Wins 5-Year Maintenance Contract With Middle East Oil Firm

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16 Jan 2020 15:18

Gulf Marine Services Raises Full Year Guidance, Sees Improvement

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3 Jan 2020 11:27

Gulf Marine Services secures two new contracts

(Sharecast News) - Gulf Marine Services announced the award of two contracts on Friday, with the first being a seven month contract with options to extend, for a small 'K-class' vessel.

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3 Jan 2020 09:22

Gulf Marine Services Wins Two Contracts; Fleet Utilisation Beats 2019

Gulf Marine Services Wins Two Contracts; Fleet Utilisation Beats 2019

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19 Dec 2019 10:54

Gulf Marine Services Earnings Trending Towards Higher End Of Guidance

Gulf Marine Services Earnings Trending Towards Higher End Of Guidance

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28 Nov 2019 12:09

Gulf Marine Secures Supermajor Support Vessel Contract In Middle East

Gulf Marine Secures Supermajor Support Vessel Contract In Middle East

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14 Nov 2019 11:58

Gulf Marine Services Boosts Full-Year Expectations After Contract Wins

Gulf Marine Services Boosts Full-Year Expectations After Contract Wins

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5 Nov 2019 10:55

Gulf Marine Services Wins Vessel Hire Contract From Oil Firm

Gulf Marine Services Wins Vessel Hire Contract From Oil Firm

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23 Oct 2019 09:10

Gulf Marine Services Secures Contract In United Arab Emirates

Gulf Marine Services Secures Contract In United Arab Emirates

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30 Sep 2019 12:25

Gulf Marine Services Loss Widens Amid "Challenging" Markets

Gulf Marine Services Loss Widens Amid "Challenging" Markets

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27 Sep 2019 12:08

Gulf Marine Services Shares Rise On Loan Covenants Waiver

Gulf Marine Services Shares Rise On Loan Covenants Waiver

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11 Sep 2019 11:59

Gulf Marine Services Shares Plummet On Results Delay

(Alliance News) - Shares in Gulf Marine Services PLC plummeted Wednesday after its interim results were delayed amid ongoing discussions with lenders.The company although emphasised that in

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21 Aug 2019 09:15

Gulf Marine Services Lowers Earnings Guidance As CEO Departs

(Alliance News) - Gulf Marine Services PLC on Wednesday cut earnings guidance and announced the departure of its chief executive.Shares in Gulf Marine were down 6.7% at 8.40 pence in trade

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