Professional
Added to YB: 2024-08-02
Pitch date: 2024-06-30
GMS.L [bullish]
Gulf Marine Services PLC
-9.05%
current return
Author Info
No bio for this author
Company Info
Gulf Marine Services PLC, together with its subsidiaries, operates self-propelled self-elevating support vessels (SESVs) in the United Arab Emirates, the Kingdom of Saudi Arabia, Qatar, and Europe.
Market Cap
GBP 252.9M
Pitch Price
GBP 0.17
Price Target
N/A
Dividend
N/A
EV/EBITDA
4.53
P/E
7.14
EV/Sales
2.53
Sector
Energy Equipment and Services
Category
growth
Forager International Shares Fund Portfolio Holding: Gulf Marine Services PLC
GMS.L: Oil services co. up 186% YTD, 1.8% portfolio contribution. 5x fwd P/E. Improved ops, high leverage. Net debt -$150M to $250M. 3yr contracted revenue, mostly ME NOCs. Dividend resumption 2025. Small position due to risk. Strong 2024 expected. One of few successful commodity plays.
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