Just checked in twitter, yesterday’s jump to 9p was due a serial ramper called Rick and few others saying 200% coming, he is now gone quite and I am sure he will repeat the same thing once sp back below 7p
While GMS believes day rates will recover over time, the firm warned that several of the factors hindering it in 2018 would continue to impact its day rates into 2019.
"As a consequence, the company does not expect a recovery in its trading performance in 2019 despite continuing improving levels of utilisation. The timing of recovery in day rates beyond 2019 remains uncertain."
GMS said the delays would also have an impact on its rate of deleveraging and ability to repay its scheduled increased debt repayments from 2020 onwards.