In this audio note, Zeus’ Daniel Slater summarises the investment case for Gulf Marine Services.
GMS released a statement announcing a confirmation of full year 2024 guidance, a US$250m debt refinancing, and a new dividend policy. This all highlights substantial progress as the company continues to generate significant cash flows and de-lever its balance sheet.
Listen to the audio note below, and read the full research here.
Listen to all episodes of the Zeus Research team Audio Notes here.
This content is issued by Zeus Capital Limited (“Zeus”) (Incorporated in England & Wales No. 4417845), which is authorised and regulated in the United Kingdom by the Financial Conduct Authority (“FCA”) for designated investment business, (Reg No. 224621) and is a member firm of the London Stock Exchange. This content is for information purposes only and neither the information contained, nor the opinions expressed, within constitute or are to be construed as an offer or a solicitation of an offer to buy or sell the securities or other instruments mentioned in it. Zeus shall not be liable for any direct or indirect damages, including lost profits arising in any way from the information contained in this material. This material is for the use of intended recipients only.
Contact
If you would like further information, please get in touch with our team.