Gulf Marine Services PLC

Equities

GMS

GB00BJVWTM27

Oil & Gas Transportation Services

Market Closed - London S.E. Other stock markets 16:35:01 28/06/2024 BST			5-day change	1st Jan Change
17 ^GBX	-15.00%		-11.46%	+17.24%

06-28	Blue chips in demand as US inflation data looms	AN
06-28	Seafox International trims stake in Gulf Marine Services	AN

Seafox International trims stake in Gulf Marine Services

June 28, 2024 at 11:04 am

Gulf Marine Services PLC - Abu Dhabi-based provider of self-propelled and self-elevating support vessels for offshore oil, gas and renewable energy projects - Seafox International Ltd trims its stake in Gulf Marine Services. Seafox sells 51.1 million shares, a 4.8% stake, for GBP8.7 million. The stake was sold in a placing. Following the disposal, it owns just under a 24% stake in GMS.

Current stock price: 17.54 pence per share, down 12% on Friday morning in London

12-month change: up sharply from 5.81p at June 29, 2023

By Tom Budszus, Alliance News slot editor

Comments and questions to newsroom@alliancenews.com

Latest news about Gulf Marine Services PLC

Blue chips in demand as US inflation data looms	06-28	AN
Seafox International trims stake in Gulf Marine Services	06-28	AN
Gulf Marine investor Seafox cuts stake	06-28	AN
EARNINGS AND TRADING: Fenikso in profit; Tate & Lyle completes sale	06-27	AN
Zeus Capital Announces Proposed Placing of Ordinary Shares in Gulf Marine Services by Seafox International Limited	06-27	CI
Europe heads lower amid political turmoil in EU	06-10	AN
Gulf Marine up on four year contract	06-10	AN
Gulf Marine Services signs 2nd phase of Middle East contract	06-10	AN
Gulf Marine Services plc Confirms the Second Phase of the Four-Year Contract	06-10	CI
EARNINGS AND TRADING: itim loss narrows; Vela trims EnSilica stake	05-13	AN
Vanquis shares up ahead of trading update	05-13	AN
CMC rises again; Gulf Marine returns gains	04-08	AN
Topps Tiles falls again; Gulf Marine rises	04-05	AN
US initial jobless claims hotter than expected	04-04	AN
Gulf Marine shares rise as posts annual growth and sets out guidance	04-04	AN
CAB rises on Europe win; Gulf Marine jumps	04-04	AN
Gulf Marine Services PLC Reports Earnings Results for the Full Year Ended December 31, 2023	04-04	CI
Gulf Marine Services inks contract for vessel in Middle East	03-11	AN
Vanquis shares hit by profit warning	03-11	AN
Gulf Marine Services plc Announces the Signing of the First of A Two Phase, Four-Year Contract for One of Its Vessels Operating in the Middle East	03-11	CI
Gulf Marine Services Extends, Secures New Contracts in Middle East	02-28	MT
Gulf Marine Services wins contract and award for Middle East vessels	02-28	AN
Halfords plummets on profit warning	02-28	AN
Gulf Marine Services plc Announces the Signing of A Contract Extension for One of Its Vessels Currently Operated in the Middle East	02-28	CI
Gulf Marine Services raises 2023 earnings guidance to 20% increase	01-17	AN

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Company Profile

Gulf Marine Services PLC is a United Kingdom-based operator of self-propelled and self-elevating support vessels (SESVs). The Company and its subsidiaries are investing in, establishing and managing commercial and industrial projects, as well as chartering and operating a fleet of vessels. The Company constructs and maintains its vessels in Abu Dhabi. The vessels are capable of operations in the Middle East, South East Asia, West Africa and Europe. It operates through three segments: Small Class vessels, which include the Naashi, Kamikaze, Kikuyu, Kawawa, Kudeta, Keloa, Kinoa and Pepper vessels; Mid-Size Class vessels, which include the Shamal and Scirocco vessels; Large Class vessels, which include the Endeavour, Endurance and Enterprise vessels, and Other vessels, which include over two legacy non-SESV vessels and an accommodation barge (Khawla), which do not form part of the Small, Mid-Size or Large Class vessels segments.

Sector

Oil & Gas Transportation Services

Calendar

29/09/2024 - Q2 2024 Earnings Release (Projected)

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Ratings for Gulf Marine Services PLC

Trading Rating

Investor Rating

ESG Refinitiv

C+

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Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

0.2148 USD

Average target price

0.328 USD

Spread / Average Target

+52.67%

Consensus

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