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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: 18.30
Bid: 18.30
Ask: 18.45
Change: 0.05 (0.27%)
Spread: 0.15 (0.82%)
Open: 18.00
High: 18.45
Low: 18.00
Prev. Close: 18.25
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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.

More News
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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21 Feb 2019 14:10

Gulf Marine Shareholders Request Ithmar Boss Appointment To Board

LONDON (Alliance News) - Gulf Marine Services PLC said Thursday it has received letters requesting that the founder of Ithmar Capital Partners Ltd be appointed to its board.Share in Gulf -

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14 Feb 2019 12:33

Gulf Marine Services Makes Board Appointments After Heale Resignation

LONDON (Alliance News) - Gulf Marine Services PLC on Thursday announced the appointment of a new finance chief financial officer and non-executive, three days after its chair bowed to shareholder

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11 Feb 2019 12:43

Gulf Marine Services Chair To Step Down After Investor Consultations

LONDON (Alliance News) - Gulf Marine Services PLC on Monday said that Chair Simon Heale has decided to step down from the company's board following consultations with shareholders.Heale

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11 Feb 2019 11:56

Heale to step down as chair of Gulf Marine Services

(Sharecast News) - Self-propelled self-elevating support vessel (SESV) provider Gulf Marine Services updated the market on its governance on Monday, confirming that Simon Heale was to step down as chairman.

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31 Jan 2019 11:18

UPDATE: Mazrui Investments Backs Seafox Plans For Gulf Marine Board

LONDON (Alliance News) - Seafox International Ltd on Thursday said a fellow shareholder has backed its resolutions to change the board of Gulf Marine Services PLC.On Wednesday, Seafox made

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31 Jan 2019 09:54

Gulf Marine Criticises Shareholder Seafox's Attempts To Change Board

LONDON (Alliance News) - Gulf Marine Services PLC on Thursday said it is "disappointed" by the unilateral action taken by shareholder Seafox International Ltd.On Wednesday, Seafox

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30 Jan 2019 10:18

Gulf Marine Shareholder Wants Ex-News International Chair On Board

LONDON (Alliance News) - Gulf Marine Services PLC shareholder Seafox International Ltd is looking to remove the company's chair, Seafox said Wednesday.The move comes after offshore firm

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15 Jan 2019 16:29

Prudential Reduces Gulf Marine Services Holding Below Threshold (ALLISS)

LONDON (Alliance News) - Gulf Marine Services PLC on Tuesday said Prudential PLC has lowered its stake in the company below the 5% threshold.Prior to the transaction on Monday, Prudential a

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14 Jan 2019 12:16

Seafox Intends To Build Over 13% Stake In Gulf Marine Services (ALLISS)

LONDON (Alliance News) - Numis Securities Ltd on Monday said Seafox International Ltd intends to buy at least 13.5% holding in support vessels provider Gulf Marine Services PLC.Numis is to

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19 Dec 2018 10:59

Gulf Marine crashes over banking covenant warning

(Sharecast News) - Oil industry support business Gulf Marine Services expects full-year trading to be "broadly in line" with its previous guidance despite some mobilisation delays but warned of its ability to repay its debts.

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23 Oct 2018 10:05

Gulf Marine Services Finance Head John Brown To Resign

LONDON (Alliance News) - Gulf Marine Services PLC said Tuesday that Chief Financial Officer John Brown has given notice of resignation effective from the company's 2019 annual general meeting

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22 Oct 2018 12:02

Gulf Marine Appoints Shona Grant As Independent Non-Executive Director

LONDON (Alliance News) - Gulf Marine Services PLC said Monday it appointed Shona Grant as independent non-executive director with immediate effect.The company, which provides support to the

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4 Sep 2018 10:46

Gulf Marine Services Sinks To Interim Loss On Revenue Fall, Costs

LONDON (Alliance News) - Gulf Marine Services PLC said Tuesday it sunk to a half-year loss as revenue dipped and expenses rose sharply but it continues to see opportunities in an improving the six

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