Member Info for Nakedtraitor

Had a look at the July update and the tone was very bullish. In particular 'Strong H2 anticipated...'. "Momentum building through the year: gross margin up 3.9ppt to 21.6%, adjusted EBITA up 9.9% to $106.3m, free cash flow of $108.9m up 18.4% and interim dividend increased 23.0%. Strong H2 anticipated, full year profits and cash flow guidance increased."

Today's 22% sp drop reminds me of what happened to BLINKX at the beginning of this year. A nutty U.S. professor publishes a research criticising some of BLINKX's practices. Share price comes crashing down (-49% at lunch time). Lots of posts in discussion boards vilifying the professor and questioning his motives. Posters stating all kinds of logic reasons why the company's model was solid and the market behaviour irrational. And that as soon as directors put out a RNS, sp would bounce back like a rocket (btw, BLNX sp has never recovered, and lost 270% since Jan/2014). That is a good reminder to us that in the short/medium term, sp reacts more to emotions than logic. Happy to have closed what was left of my holdings at 386p early this afternoon. Good luck to all those who are betting on a strong bounce on Monday morning. I lost some money with BLINKX and have learned my lesson...

I had big hopes here, but at the moment RSI indicates PIC is overbought. Tempted to sell ahead of Tuesday's update. Let's see what happens tomorrow...

Nice shooting star today. Trend line providing good support, making me more positiver about sp.

IMO the sp drop in the last two days provides a fantastic entry point. I'm tempted to wait a little bit more and see if 295p provides a stronger support though.

After a technical rebound, the stock is showing signs of weaknesses near to the GBp 2833 resistance. Regarding a fundamental viewpoint, analysts have recently revised downward the earning per share which is often the results of recent activity weakness. Moreover, the earning per share in 2014 has been published at GBp 44 per share which correspond to a decrease of 9% compared to 2013. This decrease can be explained by margin degradation. Graphically, the stock went through a period of rebound in recent sessions towards the GBp 2833 medium-term resistance. The share should consolidate near this area. It could act as a stopping point of the upward movement. This scenario suggests a return to the GBp 2260 support area which will be the first bearish objective. Therefore, the most offensive investors can benefit from the technical configuration to take a short position. The objective will be fixed near to the GBp 2260 support. Only the breakdown of this level would open up new bearish targets toward GBp 2000. The stop loss will be set above GBp 2833.

Duncan Anderson, Chief Executive Officer of GMS, said: "As we discussed in our Interim Results, demand for our SESVs across the MENA region is excellent and the market for our assets in Europe also remains strong with our entire fleet of ten SESVs currently chartered. Our backlog has increased by nearly 50% since August with recent contract wins. Our clients are responding to the low-cost benefits that our SESV solution provides them, which is increasingly relevant in the current oil price environment. The outlook, driven by our core brownfield (opex-focused) oil and gas client base, underpins our expectation of continued strong demand going forward. This, together with our ongoing new build programme, will help to maximise opportunities with existing and new clients."

Obviously it didn't (just touched 1833 and headed back again). Let's see how it goes tomorrow. Betting on a re-trace back to 2260p.

ASC has had a good run over last 3 weeks. Now approaching an important resistance level at 2833. Hopefully it will smash through this line.

Good lift today. Looking at the chart there is more to come tomorrow. 148p is the new target.

JP Morgan closed more of their shorts this week, and now are close to falling below the 0.5% reporting threshold. Bears are slowly giving in. http://shorttracker.co.uk/company/GB0030927254/all

Ditto! Quality info.

I genuinely feel RGS is a good share and I've made money with it last year around the same time (and may even buy again soon). But note that in his 24/09 update the NT said he picked up some at ~220, and following that, the sp continued sliding down to 193. So, probably needs patience. Sp may or may not achieve the 250/300 level any time soon.

""The market in Europe for our flexible assets continues to be strong and we are seeing an increasing demand for our sophisticated self-elevating support vessels for shallow water brownfield maintenance to extend asset life and production, well intervention and enhanced recovery," Anderson added." "It said its current backlog, including firm and extension options, is USD547 million." http://www.4-traders.com/GULF-MARINE-SERVICES-PLC-16023308/news/Gulf-Marine-Services--Wins-New-Large-Class-Vessel-Contract-In-North-Sea-19302895/

I remain cautiously optimistic. Hedge Funds are slowly reducing their short bets (JP Morgan and AQR). Sp approaching an important resistance level at ~2500p. If it can clear this level I'd be looking to add to my current holding.

Maybe this (UT)? http://www.jargon-free.com/auction-and-ut-trades/68/

FXI have not paid a maiden dividend yet, have they? I think that will help, because everything else looks good.

When is PIC likely to update the markets next? Any idea?

Although I personally agree with the arguments, I also note that hedge funds have closed some of their shorts in last few days. Tiny movement I agree, but give me hope... http://shorttracker.co.uk/company/GB0030927254/all

There does not seem to be much resistance now before we get back to the 293p level the sp was about a week ago. Hopefully it will smash through that and hit new highs.