Member Info for maddogmcree

Surely you have to accept that we can use the last two years contracted revenue, debt repayment and profit as guidance going forward. It may not be an exact science but the whole stock market is based on similar principles.

In April 2024 with the share price over 24p

Finals reporting - Net bank debt down to US$ 201.2 million (2023: US$ 267.3 million)

Contracted backlog £455 mill

Today

Net debt will be closer to £150 mill

Contracted Backlog is closer to £550 mill

Share price is just under 19p

This remains a very good opportunity for anyone looking to buy in.

More Blue skies overhead. Christmas has definitely come early :)

Unsure why it matters - if we look at half year results PJ is correct backlog £457 mill and as we reported £87 mill revenue for 6 months then that equate to nearly £45 mill per quarter so even if we only take it from today its still nearly £100 mill added to backlog and in the absence of reported other contracts it is reasonable to assume that the contract is worth at least £100 mill.

Again even if you want to dispute same the contracted backlog provides all the assurance required that GMS is on the pathway to £0 debt. I think 2026 is going to be a great year.

Following this award, GMS's contracted backlog increases to USD 540 million

Thank you 🎅 We got our New Contract for Christmas 😀😀😀😀😀😀

Thanks for the update Rivaldo

I’m definitely staying the course pj. I agree patience over the next 12 months will hopefully make it all worthwhile. Should be dividend talk or share buyback discussed and planned at Finals.

If we could just edge up to 17.5p. I would definitely enjoy Xmas more. Let’s hope Santa is good and wraps up a nice new contract for Xmas. 🎅

GMS remains highly confident in achieving its increased Adjusted EBITDA guidance for 2025 of US$ 101 - 109 million (previously US$ 100 - 108 million) as well as our leverage target for the year. The Group continues to target Adjusted EBITDA of US$ 105 - 115 million for 2026.

In line with the shareholder rewarding policy announced on 01 August 2024, GMS is on track to declare shareholder rewards based on the above performance and current financial visibility.

Alex Aclimandos, Chief Financial Officer at GMS said:

"As we enter the final quarter of 2025, GMS confirms it remains on track to meet its 2025 objectives, despite absorbing adverse one-time events such as the Saudi tax judgment, the warrants exercise and the operational challenges resulting from the conflict in the Gulf during June 2025. The increase in EBITDA enables continued deleveraging of the balance sheet, keeps us on schedule for the execution of the shareholder reward programme in the coming months, and positions the Group well for future opportunities."

Bought a few more today. Still believing in the story. Nothing reported by company to expect anything other than expected financials

Next year will be a good year

Just want news the Second mine is up and running - revenue game changer and will bring pe down and profitability upwards. GFM have had a good run on High gold prices which will be reflected in next accounts

I think what PJ means is 12 months ago debt was significantly higher. Interest rates higher and now the dividend is coming . We have already booked backlog to provide revenue assurance. Barring any macro economic catastrophe the shares will rerate to the upside.

So as not to be seen as Rampers my only small concern is it appears a little while since any new contracts announced.

Similar Mac I am over 50% on my portfolio. A no no some would say. But I continue to have faith 😀

Nice update to reassure investors everything is on track, should be a nice set of results 16th Dec

Unlikely to be of any significant value otherwise the company would have been keen to inform investors especially when they report they are trying to accomplish an equity raise

Think this won’t happen until Final year end results - to that end no news is good news - don’t need to hear of macro economics or reducing fleet utilisation. The debt is coming down faster due to new debt finance and lowered interest payments. Just needs patience as frustrating as that can be. The problem is people always think they can make a quick buck and return to enjoy the ride. If it was that easy we would all be millionaires 😀

And yes I am looking to get in a bit cheaper before everyone points it out