Member Info for maddogmcree

The contracts provide the security one seeks regards future revenue and will support the continued rise in share price. We will soon be debt free. Its going to be a very good 12 months. I think Nick you may be a tad optimistic. I will accept same by Christmas.

So to we need 3500-5000ozs of gold to be mined to be on target for full year guidance - lets hope we hit the top end with a nice positive outlook. Hopefully the interest in the share today continues over the next week as there is always someone in the know :)

Can I ask probably a novice question as to why we get so many 8.3 forms rns’d every day

We need another bidder - that will speed due diligence up.

On the one hand I agree completely the share price does not reflect cash on hand, revenue incoming, especially with upswing in oil price. But it appears so undervalued that I can't help thinking we must be missing something, otherwise we would not be looking at one buyer but multiple buyers at this price. I think the bid will only be around 50% above today's price as the buyer will want their own margin. I will still be happy if I wake up to a 50% increase in share price. Anything else above would be a welcome bonus and anything below should get rejected

You are not alone, I am here also based on the remarkable fundamentals - whether we are bought out or not the company looks to have a bright future, With the cash already in the bank I agree current share price appears to significantly under value the company. Just means a good buying opportunity I bought some at £2.67 and more yesterday on the pullback from recent high of £3.30

OTC listing finished at equivalent 75p and hit a high of 79.8p

Well thought I would join you guys after reading that rns - jumped in for £5k

I am gonna go with 15,000 ozs as mine is in decline, $4250 average gold price less costs so free cash flow of say $30mill

£19 mill profit this year would have us on a pe of 10 and not the 20’s as stated on LSE. So if we assume a pe of 20 that would equate to double the current share price hence the multiple offers coming into the board. I cannot believe this will be sold for anything less that 50% north of current share price

Market capital of Company only £182 mill. If I had that money I would just buy this company sit back and enjoy all the profits. You get £103 mill net cash in bank- seems a crazy price

I think the full year results might be okay it the 2027 projections and the dividend that will get hit I believe

It also raised the concept of Force Majoure where clients can suspend or cancel contracts without penalties

It’s a definite watch and wait scenario to get some clarity from the board. I want to get back in but too much in the dark and happy to pay a bit of premium if and when normality resumes

Asked Chat GPT if it had any more knowledge re conflict and impact on GMS .

Yes, the escalating Middle East conflict has had a direct and measurable impact on Gulf Marine Services (GMS). As of March 2026, the company has faced operational suspensions and a significant decline in its share price due to regional instability.

Operational Impacts

Vessel Evacuations: In early March 2026, GMS evacuated personnel from four of its vessels in the Persian Gulf. This was a precautionary safety measure instructed by a major client following drone strikes on regional energy infrastructure.

Halt in Maintenance: The evacuation has led to an indefinite suspension of all maintenance work performed by these vessels, affecting key clients like ADNOC and Saudi Aramco.

Reduced Utilization: Even prior to the recent escalations, GMS reported that geopolitical instability contributed to a drop in fleet utilization from 91% to 87% in the first half of 2025.

data.fca.org.uk

data.fca.org.uk

+3

Financial Impacts

Stock Market Volatility: GMS shares fell by 12% on March 4, 2026, immediately following the news of vessel evacuations.

Rising Costs: The conflict has triggered a surge in war-risk insurance premiums and bunker fuel costs, which may impact future margins if the instability persists

Yes I was also concerned re the net cash position, trying to figure out why the net cash position dropped significantly on the backdrop of a 31% increase in revenue and a 6% reduction in costs. Not sure if this was explained in the investor meeting. - broker comments are just that, an expectation on guidance rather than fact. I sold out on that basis but have this on my watch list should it meet it's guidance in June.

Not sure if I am missing something but we had over £5 mill we increased revenue 31%, costs reduced 6% and yes they stated bar some contract unwinding net cash would have been £3.6 mill but we are still £1.5 mill short somewhere and no apparent increase in profit for a 31% increase in revenue. Have I missed something or is that how it reads ????

Not sure what the backlog of contracts have regards clauses but with $700 mill backlog I was thinking GMS would be okay in the short term - ie this year but it may impact on new contracts going forward. If there was to be any material impact surely there will be rns popping up everywhere today around the oil industry if 100's of tankers are stranded at the entrance to the strait. Won't have to wait long to find out

MCATEE - I agree with you, I still love the share and I am wondering if I sold a bit early but for me £5k is still 20% of my portfolio so I am content with that 😀😀😀😀

I did top slice to stay true to myself when I bought at 16p and removed my original stake at 24p still have £5k free ride as I remain a fan. Was worried I was getting too attached to the share - now looking for another investment

Sentiment alone will carry a share on AIM