Updates

Gulf Marine Services - New contracts drive chart break-out

February 2024

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

A nicely timed main write-up last month with the shares hitting a new high of 15.25p. Gulf Marine also announced “a contract extension for one small class vessel plus a new contract for another small class vessel,” with both located in the Arabian Gulf. It signs off: “as we enter 2024 demand for our services…remains strong as reflected by these awards with an overall improvement to average day rates.” I can’t ask for more. With the shares breaking out I am a buyer. ...

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Volution

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