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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: 19.50
Ask: 19.70
Change: -0.50 (-2.53%)
Spread: 0.20 (1.026%)
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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29 May 2019 12:25

Gulf Marine Services Shareholders Reject Remuneration Report

LONDON (Alliance News) - Gulf Marine Services PLC on Wednesday said that at its annual general meeting an overwhelming majority of shareholders rejected the company's remuneration the meeting,

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24 May 2019 11:40

Gulf Marine Services Appoints Former Tervita CFO To Same Role

LONDON (Alliance News) - Gulf Marine Services PLC said Friday it has appointed Stephen Kersley as chief financial officer, with effect on June 9.He will be replacing John Brown, who is due

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21 May 2019 15:58

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16 May 2019 13:22

Gulf Marine Services Hires Two New Independent Directors

LONDON (Alliance News) - Gulf Marine Services PLC on Thursday said Senior Independent Non-Executive Director Simon Batey will not stand for re-election at the forthcoming annual general meeting on

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30 Apr 2019 17:48

Gulf Marine Services Non-Executive Richard Anderson Departs

LONDON (Alliance News) - Gulf Marine Services PLC said on Tuesday Non-Executive Director Richard Anderson has resigned with immediate effect.Anderson was appointed to the board in 2014, and

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25 Apr 2019 10:42

New Gulf Marine Finance Chief Stuart Jackson Won't Take Up Position

LONDON (Alliance News) - Gulf Marine Services PLC's new chief financial officer, Stuart Jackson, will no longer be taking up his role, the firm said Thursday.Jackson, whose appointment

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26 Mar 2019 12:21

Gulf Marine Services Hires New Chair As Loss Narrows But Outlook Weak

LONDON (Alliance News) - Gulf Marine Services PLC said its 2018 financial performance was "disappointing" although its loss narrowed sharply on reduced expenses and an impairment charge

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19 Mar 2019 16:07

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18 Mar 2019 15:33

Gulf Marine Services Shareholders Reject Requisition Resolutions

LONDON (Alliance News) - Gulf Marine Services PLC on Monday said that a majority of its shareholders rejected two resolutions proposed at a meeting requisitioned by Seafox International Ltd held a

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11 Mar 2019 16:02

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8 Mar 2019 17:52

UPDATE: Ithmar Withdraws Resolution To Reshuffle Gulf Marine's Board

LONDON (Alliance News) - Ithmar Capital Partners Ltd said on Friday it has withdrawn its resolution from Gulf Marine Services PLC's general meeting on March 18.Gulf Marine Services for

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8 Mar 2019 15:19

UPDATE: Gulf Marine Services Shareholder Seafox Stands By Resolutions

LONDON (Alliance News) -Seafox International Ltd on Friday said it stood by its resolutions concerning Gulf Marine Services PLC despite the company's announcement on savings.Seafox a in

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8 Mar 2019 09:49

Gulf Marine Finds USD6 Million Of Savings; Looks At Refinance Options

LONDON (Alliance News) - Gulf Marine Services PLC on Friday said it has identified around USD6 million of potential annualised savings and is working to refinance its loans.Shares in Gulf a

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4 Mar 2019 15:39

Gulf Marine Claims Seafox Statement "Contains Numerous Inaccuracies"

LONDON (Alliance News) - Gulf Marine Services PLC on Monday insisted that a statement by 14% shareholder Seafox International Ltd is inaccurate and shows a lack of understanding of Gulf in Gulf at

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1 Mar 2019 12:11

Seafox International Outlines Gulf Marine Plans, Withdraws Resolution

LONDON (Alliance News) - Seafox International Ltd on Friday said Gulf Marine Services PLC's debt plans are "unacceptable", suggesting a new action plan for the company.Seafox,

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