reports
- Daniel Slater
- Daniel Slater
- Daniel Slater
- Daniel Slater
Gulf Marine Services (GMS LN) - Contract award - Corporate
New contract award supports continued strong order book. GMS has announced a further new contract award. This is for one of the company’s small (K-class vessels), operating in the Middle East, and is for a period of 18 months (including optional extensions). The company’s order book now stands at US$503m (from US$505m as of mid-October), continuing to represent around three years of revenues and giving substantial visibility.
- Daniel Slater
Gulf Marine Services (GMS LN) - Contract award - Corporate
New contract award, again at higher day rates. GMS has announced a further new contract award. This is for one of the company’s small (K-class vessels), operating in the Middle East. The new contract is for a period of 10 months (including optional extensions) and, importantly, is described as being at “improved day rates” compared with the vessel’s previous day rate.
- Daniel Slater
Audio Note: Gulf Marine Services - Q3 trading update
In this audio note, Zeus’ Daniel Slater summarises the investment case for Gulf Marine Services. GMS has released a Q3 trading update, reporting further strong progress towards achieving our full year forecasts and on net debt reduction, alongside making an upgrade to the EBITDA guidance range for 2024.
- Daniel Slater
- Daniel Slater
Hybridan Small Cap Feast - 12 September 2024
12th September 2024 * A corporate client of Hybridan LLP ** Arranged by type of listing and date of announcement *** Alphabetically arranged **** Potential means Intention to Float (ITF) has been announced, or it is a rumour Dish of the day Admissions: None Delistings: None What’s baking in the oven? Our daily digest of news from UK Small Caps If you would like to unsubscribe, please email with “unsubscribe me”. Hybridan Chefs Banquet Buffet*** Andrada Mining 3.6p £59.5m (ATM.L) The critical...
- Daniel Slater
Gulf Marine Services (GMS LN) - Contract award and increased 2024 guid...
GMS has announced another new contract award, at a higher day rate, alongside an increase in the lower end of the 2024 EBITDA guidance range. This all continues to demonstrate the buoyant nature of the market for the company’s vessels.
Hybridan Small Cap Feast - 4 September 2024
4th September 2024 * A corporate client of Hybridan LLP ** Arranged by type of listing and date of announcement *** Alphabetically arranged **** Potential means Intention to Float (ITF) has been announced, or it is a rumour Dish of the day Admissions: None Delistings: Mattioli Woods (MTW.L) has delisted from AIM What’s baking in the oven ? Our daily digest of news from UK Small Caps If you would like to unsubscribe, please email with “unsubscribe me”. Hybridan Chefs Banquet Buffet*** Accsys ...
- Daniel Slater
Gulf Marine Services (GMS LN) - H1 2024 results
GMS has released its H1 2024 results to the end of June. These report another strong period as the company has continued to generate cash flows from its business and de-lever its balance sheet. Going forward, we continue to look for more new contracts, ongoing cash generation, and further details on shareholder returns and growth initiatives.
- Daniel Slater
Audio Note: Gulf Marine Services - Guidance reiterated, debt refinanci...
In this audio note, Zeus’ Daniel Slater summarises the investment case for Gulf Marine Services. GMS released a statement announcing a confirmation of full year 2024 guidance, a US$250m debt refinancing, and a new dividend policy. This all highlights substantial progress as the company continues to generate significant cash flows and de-lever its balance sheet.
- Daniel Slater
- Brendan Long
- Daniel Slater
- Daniel Slater
Audio Note: Gulf Marine Services (GMS LN) - Endeavour vessel visit
In this audio note, Zeus’ Daniel Slater summarises the investment case for Gulf Marine Services. We recently attended a visit to GMS’s Endeavour jack-up vessel, which was in the Port of Larne in Northern Ireland. Endeavour is one of GMS’s largest, E-class vessels, able to work around the UK as well as in the Middle East.
- Daniel Slater
Gulf Marine Services (GMS LN) - Endeavour vessel visit
We recently attended a visit to GMS’s Endeavour jack-up vessel, which was in the Port of Larne in Northern Ireland. Endeavour is one of GMS’s largest, E-class vessels, able to work around the UK as well as in the Middle East. The vessel had put in for resupply during an ongoing long-term contract with a significant European offshore wind developer, where it is being used for wind farm maintenance in European waters. The vessel was clearly well kept and in good order, with a high level of health ...
- Daniel Slater
Gulf Marine Services (GMS LN) - Contract award
GMS has announced a new contract award, with order book now standing at US$431.2m Further award confirmed in existing two-phase agreement. GMS has announced a new contract award. In March the company announced a customer agreement for a two-phase award for one of its vessels operating in the Middle East. At the time, an initial two-year hire period was confirmed, with a second two years under an initial Letter of Award. Today GMS has announced full award of the second two-year phase, making the...
- Daniel Slater
- Daniel Slater
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