Member Info for GruffJ

The investor landscape seems to have shifted over the last couple of days to looking for the opportunities after the war. Would be interested to hear people’s views as to whether there’s a potential commercial gain to be achieved for GMS through higher demand for assistance in repairing any offshore damage to facilities and the potential for increased day rates due to heightened risks and costs. Force Majoure could work both ways if GMS want to renegotiate rates? Or am I being too glass half full?!

Look out for the RNS again on Monday after today’s volume, it never fails to move the day before!

Loads of volume today, this one always sees a move before an RNS…..

The short term’ers missing the confrontation of 20-30% shareholder distribution and organisational commitment to doubling EBITDA….short sighted views on not focusing solely on debt reduction. The cost of the debt is less than the return on the deployment, net upside!

Huge volume yesterday and large off book blocks, going to take off on Monday. MAC you’ve been quiet??

We need to break 20p to see the next leg up…….come on the market!

Thanks all for your views. I'll have to de risk a bit at some point, but happy to keep this one in the 10 yr bucket once I'm not so heavily geared.

Morning long term GMS’ers. Can we move the conversation on from the short term? Clearly the path is set for 40-50p over the next couple of years as debt is paid down and agreed contracts pay off. But……what about a longer term valuation? We are already at high fleet utilisation levels, so what’s the longer term view? Grow the fleet or focus on maintaining valuation at low debt levels. Would be interested to hear people’s views on what a longer term share price value could be? Is this a 10 year view or not? (I’ve been in this from 14 down to 4 and back up). Thanks all

Good RNS, about time the market believed in this stock!

And terrible IR.

Obs strong sell was a mistake in the below post!!

If Mansour keeps going he might end up owning as much as me and The Mac! Only a small cash outlay for him, but can’t be a bad sign as he’s already heavily risk weighted to GMS personally!

Completely agree, I’m probably blinded as I’ve held this a long time and focus on the longer term view, but other than the tax fine, I don’t see any negatives. Must be missing something as well.

Oh and btw, the tax ruling continues to be challenged (unless I missed an announcement), so this is prudent accounting. Or has the payment been paid already and they plan to challenge the ruling to recover? ?

Only down due to a one off tax event announced to the market some time ago. All the other numbers are positive. They have taken the decision to make shareholder distributions, otherwise, on the current run rate and deleveraging this company could be debt free in 4-5 years. Continues to trade at a massive discount imo.

The Seafox and warrant holder hangover is nearly over and this should hopefully remove the consistent sellers above 20, replaced by buyers with much higher entry points and therefore pave the way to reaching closer to nav to share price parity. GLA DYOR

Huge huge huge auction print, going to pop next week. Been sitting on my hands for a long time with this one!

I should imagine Seafox are under pressure to recover and distribute their shareholders capital from the failed takeover attempt. Ultimately they're an operator not a PE player. So having capital tied up in GMS doesn't sit with their corporate positioning. From a simple return perspective, they probably averaged in around the 10p mark (guessing based on the timings). So with our current share price the time to withdraw makes sense, and through this method they can control the sell off, both by doing it in stages plus enabling their shareholders to retain the GMS stock should they choose to rather than dump stock and distribute cash.

Ultimately I see this distribution as very positive for GMS in the long run, as having true liquidity and a diverse shareholder base is vital to GMS finding a true NAV share price based on fundamentals.

Some big OTC tickets went through today. This ship always leaks, I expect some news flow soon….

MAC let’s have your end of the week price prediction……I’m at 22p