Share Prices & Company Research

Stockbroking

Gulf Marine Services

Current Price 45.00p Bid 44.30p Ask 45.70p Change 1.12%
Last Updated: 27/05/2018 16:54. Prices delayed by at least 15 minutes.
Call 0113 243 6941 or search for your local office

Company Overview

Gulf Marine Services plc has become the leading provider of advanced self-propelled self-elevating support vessels (SESVs) in the world. The fleet serves the oil, gas and renewable energy industries from its offices in the United Arab Emirates, Saudi Arabia, Malaysia and the United Kingdom. The Group's assets are capable of serving clients' requirements across the globe, including the Middle East, South East Asia, West Africa and Europe. The GMS core fleet of 13 SESVs is amongst the youngest in the industry, with an average age of seven years. The vessels support GMS' clients in a broad range of offshore oil and gas platform refurbishment and maintenance activities, well intervention work and offshore wind turbine maintenance work (which are opex-led activities), as well as offshore oil and gas platform installation and decommissioning and offshore wind turbine installation (which are capex-led activities). The SESVs are four-legged vessels and are self-propelled, which means they do not require tugs or similar support vessels for moves between locations in the field; this makes them significantly more cost-effective and time-efficient than conventional offshore support vessels without self-propulsion.

Financial Highlights Year Ended 31/12/2017

Turnover
£112.88m
Operating Profit
£-18.32m
Dividend Yield
0.00
Dividend Per Share
0.00
Dividend Cover
0.00
P/E Ratio
-8.66

Key Personnel

Duncan Stewart Anderson
Chief Executive Officer
Christopher John Foll
Non-Executive Alt Director
Simon John Newton Heale
Non-Executive Chairman
William Richard Anderson
Non-Executive Director
Simon George Batey
Non-Executive Director
Dr Karim Mohamad Farouk El Solh
Non-Executive Director

Stock Details

EPIC
GMS
ISIN
GB00BJVWTM27
Shares in Issue
349,967,878
Market cap
£160.99m

Analyst Views (0)

Strong Buy
 
0.00%
Buy
 
0.00%
Hold
 
0.00%
Sell
 
0.00%
Strong Sell
 
0.00%
The above information represents a selection of the views published in the last 120 days by analysts. It is subject to change without notice and doesn't reflect view held by Redmayne Bentley and is not advice.

Price Summary

Mid Price
45.00p
Bid Price
44.30p
Ask Price
45.70p
Volume
71828
Change Today
0.50p
% Change Today
1.12%
Open
44.64p
Previous Close
45.00p
Intraday High
45.00p
Intraday Low
43.60p
52 Week High
70.00p
52 Week Low
30.00p
52 week high and low figures quoted above are calculated from intraday price data.

Intra-Day Chart

Gulf Marine Services Intra-day Chart

Assets (£m)

Data has been provided by MoneyAM

Reporting Date
31 Dec 2017
31 Dec 2016
Tangible Assets
804.5
852.4
Intangible Assets & Goodwill
0.0
0.0
Investments & Other Non-Current Assets
3.9
4.9
Total Non-Current Assets
808.4
857.3
Inventory
0.0
0.0
Trade & Receivables
18.5
24.0
Cash & Receivables
39.0
61.6
Other Current Assets & Assets Held for Resale
0.0
0.0
Total Assets
865.8
942.8

Liabilities (£m)

Data has been provided by MoneyAM

Reporting Date
31 Dec 2017
31 Dec 2016
Short Term Liabilities
49.8
93.7
Long Term Liabilities
394.7
404.8
Other Liabilities / Pension etc
0.0
0.0
Total Liabilities
444.5
498.5

Net Assets (£m)

Data has been provided by MoneyAM

Reporting Date
31 Dec 2017
31 Dec 2016
Net Assets
421.3
444.3

Equity (£m)

Data has been provided by MoneyAM

Reporting Date
31 Dec 2017
31 Dec 2016
Share Capital
58.0
57.9
Minority Interests
0.6
0.6
Retained Earnings
309.5
333.3
Share Premium Account
93.1
93.1
Other Equity
-39.8
-40.6
Total Equity
421.3
444.3

Cashflow (£m)

Data has been provided by MoneyAM

Reporting Date
31 Dec 2017
31 Dec 2016
Cashflow from Operating Activities
56.3
126.3
Cashflow Before Financing
34.6
-22.9
Increase / Decrease in Cash
-22.6
0.7

Income (£m)

Data has been provided by MoneyAM

Reporting Date
31 Dec 2017
31 Dec 2016
Turnover
112.9
179.4
Cost of Sales
76.9
105.1
Gross Profit
36.0
74.3
Operating Profit
-18.3
50.9
Pre-Tax Profit
-18.3
30.8
Profit / Loss for the Year
-18.2
29.4

Dividend History

Data has been provided by MoneyAM

Period
Ex-Dividend Date
Payment Date
H2 Dividend
13 Apr 2017
19 May 2017
H1 Dividend
08 Sep 2016
03 Oct 2016
H2 Dividend
14 Apr 2016
16 May 2016
H1 Dividend
03 Sep 2015
28 Sep 2015
H2 Dividend
16 Apr 2015
12 May 2015
H1 Dividend
24 Sep 2014
27 Oct 2014
The value of your investments and the income from them may go down as well as up, and you could get back less than you invested.
We use cookies on this site to improve your experience and help us provide you with a better website. An explanation of the cookies we use and their purpose can be found within our Cookie Policy. Your continued use of this site means you consent to the use of cookies.