Gulf Marine Services - (GMS on LSE) - MC £71m (EV 350m) @ 7p - self-propelled self-elevating support vessels (SESVs) - c3-4x return over c5 years if mkt rewards debt reduction with equity value
Six purchases from Exec Chair & CEO Mansour Al Alami since June 2021
Gulf Marine Services - (GMS on LSE) - MCap GBP71m (EV GBP350m) @ 7p - MC/EBITDA 1.25x, EV/EBITDA 5.8x - owns fleet of 13 advanced self-propelled self-elevating support vessels (SESVs), serving clients across the globe in oil, gas and renewable energy industries - utilisation of fleet and daily rental rates increasing, continuation of current operating c…