reports
- Daniel Slater
- Daniel Slater
- Daniel Slater
- Daniel Slater
Audio Note: Gulf Marine Services - Contract awards and guidance upgrad...
In this audio note, Zeus’ Daniel Slater summarises the recent news flow for Gulf Marine Services. GMS has announced two new contract awards, alongside an upgrade to 2024 guidance, demonstrating ongoing strong business performance and faster deleveraging. Listen to the audio note below, and read the full research here.
- Daniel Slater
- Daniel Slater
Gulf Marine Services (GMS LN) - Guidance upgrade
GMS has released a positive update to its guidance for 2023, guiding to the top of the previous US$83-86m EBITDA range. Guidance for 2024 is maintained, and target EBITDA for 2025, showing further growth, is also provided. Alongside this, the company has also begun to mention the potential for dividends.
- Daniel Slater
UK-Listed Energy Sector
The front of this note takes a look at the UK oil and gas sector, why domestic production is advantageous, what the main political parties think, and what could happen going forward. The latter part contains a review of the companies in our coverage – some that are UK centric, which give exposure to the note’s wider theme, and others that are focused elsewhere.
- Daniel Slater
- Daniel Slater
Gulf Marine Services (GMS LN) - More new contract awards
GMS has announced three new contract awards for its Middle East business. Two of these are contract extensions (for a total of four years), with one a new award for two years. Two of the contracts run until December 2025, and the other to April 2026. Overall, these new contracts increase backlog from the US$301.4m reported for the end of June 2023 to US$326m currently. The statement also mentions that the contracts are on higher day rates, and that demand for GMS’s liftboats in its core Middle E...
- Daniel Slater
- Sacha Morris
Hybridan Small Cap Feast 04/08/2023
4th August 2023 @HybridanLLP Status of this Note and Disclaimer This document has been issued to you by Hybridan LLP for information purposes only and should not be construed in any circumstances as an offer to sell or solicitation of any offer to buy any security or other financial instrument, nor shall it, or the fact of its distribution, form the basis of, or be relied upon in connection with, any contract relating to such action. This document has no regard for the specific investment object...
- Daniel Slater
Gulf Marine Services: 1 director
A director at Gulf Marine Services sold 448,536 shares at 4.58p and the significance rating of the trade was 68/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clear...
- Daniel Slater
Gulf Marine Services (GMS LN) - Forecast update
We have now updated our model for the recent 2022 results. For our 2023 forecasts, we have put through an upgrade to revenues underpinned by the level of 2023 utilisation and day rates currently secured (84% and US$29.9k/day respectively). Our EBITDA forecast remains broadly unchanged, as we have also increased our operating costs to reflect the rise seen in 2022 and a degree of ongoing inflation pressure. Our number remains towards the top end of GMS’s US$75-83m 2023 EBITDA guidance.
- Daniel Slater
- Daniel Slater
Gulf Marine Services (GMS LN) - Contract award
Further Middle East contract award. GMS has announced a new award for one of its small class vessels, in the Middle East. This is made up of two separate contracts, one to begin at the end of Q1 2023, and the other at the start of Q3 2023, with a total length of 272 days. According to the statement, the day rates achieved on these contracts “reflect strong demand for our vessels”. The release also reiterates GMS’s optimism for its liftboat markets, mentioning “high levels of utilisation and a ti...
- Philip Morrish
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NOG NOSTRUM OIL & GAS PLC
KAZ KAZ MINERALS PLC
HOC HOCHSCHILD MINING PLC
PHAR PHAROS ENERGY
WG. JOHN WOOD GROUP PLC
GMS GULF MARINE SERVICES
RDSB ROYAL DUTCH SHELL PLC CLASS B
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- Philip Morrish
Value Indicator - UK Main Market 30122019
Currently '(TM) Value Indicator - Main Market' is a value analysis of the Basic Resources, Construction & Materials, Telcoms and Utilities sectors of quoted companies on The London Stock Exchange's Main market that provides the user with indicative long-term trading indicators and indicative target prices. The publication is also available on request at
CNA CENTRICA PLC
BT.A BT GROUP PLC
AAL ANGLO AMERICAN PLC
DRX DRAX GROUP PLC
TLW TULLOW OIL PLC
CRST CREST NICHOLSON HOLDINGS PLC
NXR NORCROS
MSLH MARSHALLS PLC
JEL JERSEY ELECTRICITY PLC
ANTO ANTOFAGASTA PLC
TON TITON HOLDINGS PLC
CNE CAIRN ENERGY PLC
AYM ANGLESEY MINING PLC
8GC GLENCORE PLC
FXPO FERREXPO PLC
PMO PREMIER OIL PLC
UU. UNITED UTILITIES GROUP PLC
MGNS MORGAN SINDALL GROUP
EVR EVRAZ PLC
BWY BELLWAY P.L.C.
MCS MCCARTHY & STONE
P2F PETROFAC LIMITED
ECEL EUROCELL
ALU ALUMASC GROUP PLC
BDEV BARRATT DEVELOPMENTS PLC
BBY BALFOUR BEATTY PLC
BISI BISICHI
BOOT HENRY BOOT PLC
VTY VISTRY GROUP PLC
CTO T CLARKE
HTG HUNTING PLC
JKX JKX OIL & GAS PLC
KLR KELLER GROUP PLC
KIE KIER GROUP PLC
APF ANGLO PACIFIC GROUP PLC
NMCN NMCN
PSN PERSIMMON PLC
TW. TAYLOR WIMPEY PLC
POG PETROPAVLOVSK PLC
ALTN ALTYN
BKG BERKELEY GROUP HOLDINGS PLC
HDY HARDY OIL & GAS PLC
CAD CADOGAN PETROLEUM
PNN PENNON GROUP PLC
LAM LAMPRELL
FRES FRESNILLO PLC
7CT CENTAMIN PLC
ENQ ENQUEST PLC
POLY POLYMETAL INTERNATIONAL PLC
SMJ J. SMART & CO. CONTRACTORS PLC
NOG NOSTRUM OIL & GAS PLC
PLP POLYPIPE GROUP
FAN VOLUTION GROUP
IBST IBSTOCK PLC
NG. NATIONAL GRID PLC
KAZ KAZ MINERALS PLC
SVT SEVERN TRENT PLC
HOC HOCHSCHILD MINING PLC
TALK TALKTALK TELECOM GROUP PLC
PHAR PHAROS ENERGY
WG. JOHN WOOD GROUP PLC
COST COSTAIN GROUP PLC
GMS GULF MARINE SERVICES
FORT FORTERRA
RDSB ROYAL DUTCH SHELL PLC CLASS B
RIO RIO TINTO PLC
CSP COUNTRYSIDE PROPERTIES PLC
GLE M J GLEESON
BP. BP P.L.C.
VOD VODAFONE GROUP PLC
A2H7CH CONTOURGLOBAL PLC
BHP BHP GROUP PLC
RDW REDROW PLC
- Philip Morrish
TLW TULLOW OIL PLC
ANTO ANTOFAGASTA PLC
CNE CAIRN ENERGY PLC
AYM ANGLESEY MINING PLC
8GC GLENCORE PLC
FXPO FERREXPO PLC
PMO PREMIER OIL PLC
EVR EVRAZ PLC
P2F PETROFAC LIMITED
BISI BISICHI
HTG HUNTING PLC
JKX JKX OIL & GAS PLC
APF ANGLO PACIFIC GROUP PLC
POG PETROPAVLOVSK PLC
ALTN ALTYN
HDY HARDY OIL & GAS PLC
CAD CADOGAN PETROLEUM
LAM LAMPRELL
FRES FRESNILLO PLC
7CT CENTAMIN PLC
ENQ ENQUEST PLC
POLY POLYMETAL INTERNATIONAL PLC
NOG NOSTRUM OIL & GAS PLC
KAZ KAZ MINERALS PLC
HOC HOCHSCHILD MINING PLC
PHAR PHAROS ENERGY
WG. JOHN WOOD GROUP PLC
GMS GULF MARINE SERVICES
RDSB ROYAL DUTCH SHELL PLC CLASS B
RIO RIO TINTO PLC
BP. BP P.L.C.
BHP BHP GROUP PLC
- Philip Morrish
Value Indicator - UK Main Market 23122019
Currently '(TM)Value Indicator - UK main market' is a value analysis of the Basic Resources, Construction & Materials, Telecoms and Utilities sectors of quoted companies on the London Stock Exchange's main market that provides the reader with indicative longer-term tagrte prices.
CNA CENTRICA PLC
BT.A BT GROUP PLC
AAL ANGLO AMERICAN PLC
DRX DRAX GROUP PLC
TLW TULLOW OIL PLC
CRST CREST NICHOLSON HOLDINGS PLC
NXR NORCROS
MSLH MARSHALLS PLC
JEL JERSEY ELECTRICITY PLC
ANTO ANTOFAGASTA PLC
TON TITON HOLDINGS PLC
CNE CAIRN ENERGY PLC
AYM ANGLESEY MINING PLC
8GC GLENCORE PLC
FXPO FERREXPO PLC
PMO PREMIER OIL PLC
UU. UNITED UTILITIES GROUP PLC
MGNS MORGAN SINDALL GROUP
EVR EVRAZ PLC
BWY BELLWAY P.L.C.
MCS MCCARTHY & STONE
P2F PETROFAC LIMITED
ECEL EUROCELL
ALU ALUMASC GROUP PLC
BDEV BARRATT DEVELOPMENTS PLC
BISI BISICHI
BOOT HENRY BOOT PLC
VTY VISTRY GROUP PLC
CTO T CLARKE
HTG HUNTING PLC
JKX JKX OIL & GAS PLC
KLR KELLER GROUP PLC
KIE KIER GROUP PLC
APF ANGLO PACIFIC GROUP PLC
NMCN NMCN
PSN PERSIMMON PLC
TW. TAYLOR WIMPEY PLC
TEP TELECOM PLUS PLC
POG PETROPAVLOVSK PLC
ALTN ALTYN
BKG BERKELEY GROUP HOLDINGS PLC
HDY HARDY OIL & GAS PLC
CAD CADOGAN PETROLEUM
PNN PENNON GROUP PLC
LAM LAMPRELL
FRES FRESNILLO PLC
7CT CENTAMIN PLC
ENQ ENQUEST PLC
POLY POLYMETAL INTERNATIONAL PLC
SMJ J. SMART & CO. CONTRACTORS PLC
NOG NOSTRUM OIL & GAS PLC
PLP POLYPIPE GROUP
FAN VOLUTION GROUP
IBST IBSTOCK PLC
NG. NATIONAL GRID PLC
KAZ KAZ MINERALS PLC
SVT SEVERN TRENT PLC
HOC HOCHSCHILD MINING PLC
GFRD GALLIFORD TRY HOLDINGS PLC
TALK TALKTALK TELECOM GROUP PLC
PHAR PHAROS ENERGY
WG. JOHN WOOD GROUP PLC
COST COSTAIN GROUP PLC
GMS GULF MARINE SERVICES
FORT FORTERRA
RDSB ROYAL DUTCH SHELL PLC CLASS B
RIO RIO TINTO PLC
CSP COUNTRYSIDE PROPERTIES PLC
GLE M J GLEESON
BP. BP P.L.C.
VOD VODAFONE GROUP PLC
A2H7CH CONTOURGLOBAL PLC
BBYB BALFOUR BEATTY
BHP BHP GROUP PLC
RDW REDROW PLC
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