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Gulf Marine Services Plc

Current Price 20.00p Bid 19.85p Ask 20.50p Change 0.00%
Last Updated: 28/03/2024 08:08. Prices delayed by at least 15 minutes.
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Company Overview

GMS operates a modern fleet of highly versatile self-propelled lift boats, across international markets. Our vessels provide a stable platform for delivering a wide range of safe and efficient services, primarily in the offshore oil, gas and renewable energy sectors. Our vessels' versatility meets the demand of our clients, to provide cost-effective solutions, while minimising their environmental footprint.

Financial Highlights Year Ended 31/12/2022

Revenue
£133.16m
Operating Profit/Loss
£47.32m
Dividend yield (%)
n/a
Total dividend for year
$n/a
Dividend cover
n/a
P/E Ratio
2.40

Key Personnel

Mr Mansour Al Alami
Chairman
Mr Hassan Heikal
Director
Mr Haifa Al Mubarak
Independent Non-Executive Director
Mr Jyrki Koskelo
Independent Non-Executive Director
Lord St John of Bletso
Non-Executive Director
Mr Charbel El Khoury
Non-Executive Director

Stock Details

EPIC
GMSL
ISIN
GB00BJVWTM27
Shares in Issue
349.53m
Market cap
£69.91m

Analyst Views (2)

Strong Buy
 
0%
Buy
 
100.00%
Hold
 
0%
Sell
 
0%
Strong Sell
 
0%
This information is provided by Web Financial Group (UK) Limited. It is subject to change without notice and doesn't reflect the views held by Redmayne Bentley and is not advice.

Price Summary

Mid Price
20.00p
Bid Price
19.85p
Ask Price
20.50p
Volume
0
Change Today
0.00p
% Change Today
0.00%
Open
19.85p
Previous Close
20.00p
Intraday High
20.00p
Intraday Low
20.00p
52 Week High
20.50p
52 Week Low
4.31p
52 week high and low figures quoted above are calculated from intraday price data.

Intra-Day Chart

News

Income Statement

Year End Date
31 Dec 2022
31 Dec 2021
 
$ (M)
$ (M)
Continuing Operations
Revenue
133.16
115.13
Operating Profit/Loss
47.32
48.35
Net Interest
-20.13
-14.45
Pre-Tax Profit
27.13
32.93
Profit After Tax from continuing operations
25.40
31.22
Discontinued Operations
Profit After Tax
n/a
n/a
Profit/Loss for the Year
25.40
31.22
Attributable to:
Equity Holders of Parent Company
25.33
31.00
Minority Interests
0.08
0.22
Total Dividend Paid
$n/a
$n/a
Retained Profit/(Loss) for the Financial Year
n/a
n/a

Earnings per Share

Year End Date
31 Dec 2022
31 Dec 2021
Basic
2.49c
4.48c
Diluted
2.47c
4.46c
Adjusted
2.49c
4.48c
Dividend per Share
$n/a
$n/a

Assets

Year End Date
31 Dec 2022
31 Dec 2021
 
$ (M)
$ (M)
Non-Current Assets
Property, Plant & Equipment
596.33
608.41
Intangible Assets
n/a
n/a
Investment Properties
n/a
n/a
Investments
n/a
n/a
Other Financial Assets
n/a
n/a
Other Non-Current Assets
8.93
8.80
Current Assets
Inventories
n/a
n/a
Trade & Other Receivables
40.90
48.92
Cash at Bank & In Hand
12.28
8.27
Current Asset Investments
n/a
n/a
Other Current Assets
0.39
n/a
Other Assets
n/a
n/a
Total Assets
658.82
674.40

Liabilities

Year End Date
31 Dec 2022
31 Dec 2021
 
$ (M)
$ (M)
Current Liabilities
Borrowings
31.84
27.91
Other Current Liabilities
37.50
25.12
Total Current Liabilities
69.34
53.04
Non-Current Liabilities
Borrowings
299.76
354.54
Provisions
2.14
2.32
Other Non-Current Liabilities
n/a
1.79
Total Non-Current Liabilities
301.90
358.65
Other Liabilities
n/a
n/a
Total Liabilities
371.25
411.69

Net Assets

Year End Date
31 Dec 2022
31 Dec 2021
 
$ (M)
$ (M)
Net Assets
287.57
262.71

Capital & Reserves

Year End Date
31 Dec 2022
31 Dec 2021
 
$ (M)
$ (M)
Share Capital
30.12
76.56
Share Premium Account
99.11
99.11
Other Reserves
6.65
-39.26
Retained Earnings
149.71
124.39
Shareholders Funds
285.59
260.80
Minority Interests/Other Equity
1.99
1.91
Total Equity
287.57
262.71

Dividend History

Type
Ex-Dividend Date
Payment Date
Payment
Final
13 Apr 2017
19 May 2017
1.20p
Final
13 Apr 2017
19 May 2017
1.20p
Final
13 Apr 2017
19 May 2017
1.20p
Interim
08 Sep 2016
03 Oct 2016
0.41p
Interim
08 Sep 2016
03 Oct 2016
0.41p
Interim
08 Sep 2016
03 Oct 2016
0.41p
Final
14 Apr 2016
16 May 2016
1.20p
Interim
03 Sep 2015
28 Sep 2015
0.41p
Final
16 Apr 2015
12 May 2015
1.06p
Interim
24 Sep 2014
27 Oct 2014
0.41p

Dividend Metrics

Year End Date
31 Dec 2022
31 Dec 2021
Dividend growth
n/a%
n/a%
Dividend yield
n/a%
n/a%
Dividend cover
n/a
n/a


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