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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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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