Gulf Marine Services (LON:GMS) – elevate them to a Buy ahead of next Update

19.08.2025

It is more than possible that we should be getting a Trading Update from this Abu Dhabi-based group within the next couple of weeks or so.

Daniel Slater, analyst at Zeus Capital, is estimating that the current year to end-December will show group sales of $184.3m ($167.5m), lifting adjusted pre-tax profits up to $56.7m ($40.9m), generating 4.4c (3.4c) per share in earnings.

For 2026 he is going for $206.5m sales, with $69.8m profits and earnings of 5.5c per share.

Currently the group’s shares are staging one of their ‘drifting price moves’ having dipped back to 18.76p at one point yesterday – less than three weeks ago they were 21.75p.

Nothing has changed on the corporate front, as far as I can fathom, so could now be another one of those opportune moments to take out new or additional positions?

(Profile 30.11.23 @ 13p set a Target Price of 16p*)

(Profile 22.01.24 @ 15.95p set a Target Price of 19.50p*)