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Gulf International (GISS)

Doha
Currency in QAR
Disclaimer
2.826
+0.014(+0.50%)
Delayed Data

GISS Comments

String buy here at 15.30 with target 23 st. Strong warning Q4 in pipeline. Debt renewal almost finalized with tighter credit spread
Another example of manupulation is 4 to 5 mio offers daily over last 5 months. Even if the stock trades at zero this offers will be in place. Funny part is offers are around 10 pct cap level. Reall sellers dont wait for continous drop in price and place offers at cap level. Extreme hieght of manupulation. Even QE is the same
This market is manupulated to the max. Only 2 stocks QIB and QNB are supported daily to keep the index above 12000 otherwise this market is bleeding and no one cares
The only way this stock wull recove r and go higher is if this current management resigns.
As on date the stock price is negative and 4 last 5 years its is negative to flat inspite of oil price doubling up and thier oil rigs at full urilization.
Sell take your money and run. Its is very obvious that the pricing is dictated by the client. The last time when the company aet the pricing was back in 2020 for a 2 ywar period renewal annually. This was when oil was 40 usd and now when oil is 100 usd they have kept the price the same for the client giving an excuse that the pricing is in line with regional prices
168 million for first half reported with eps .09 Short term target 38 with topside to 75 as new day rig rates starting from July 2022 should push EPS towards north of 3 .5 QAR. Strong buy here
Strong buy for short term target 38 and medium target 56-72
Current utilization rate at 92 pct. Thd 2 onshore rigs 4 & 8 shojkd go into service by Q3. Day rates will ge renogotiated and dhould come into effect from 01 July 22. From 74k expecting day rig rates at 100k plus. That should generate additional revenue of 270 mio. Expecting EPS of 1.8 to 2.2 FY 22
Going by thier annual financials and current oil price, see medium term positives on borrowing refuction, and profitability. Price should easily trade around 50
Company is reporting net debt to equity ratio of 117 pct. But here is the catch, if they retire financial investments to tge tune of 849 mio this lowers the ratio to 86 pct. Then they have free cash flow from depreciation around approx 300 mio per year, which is being used to retire debt, increase financial investments or buy new plant and machinery.
Perplexed at the fact the gulf drill jv too is loss making inspite og 2.4 bio contract. So where is the money going
Seems the company is favoring its major shareholders by givong them below market pricing on drilling. Thats the only explanation
I dont understand how come the company is not making decent income inspite of higher oil and gas prices
Expecting 150 mio profit for second half of 2021. Targetting share price 40 in 6 months and 78 in 15 months
Does sny one have s clue as to why thus stock is not performing evennwith oil price at $70. Something dosent seem right to me with the price action. This one is a lagger on QE
GISS tested important  support at 15.20 succefully.. It will test resistance at 16.20. . . . next resistance at 17.0
I doubt it, GISS is in a long downward trend, the only resistance I see, given the overall deteriorating market condition in Qatar is at 14. I think it will even break the 14 and go to 10 where it will get its strongest support.
Gulf International Services Co. (GISS) is engaged in establishing, acquiring, leasing, and managing companies specializing in the field of Oil and Gas services, locally and internationally. Its stock price appears to track natural gas prices.
This is stocks has the highest upside potential among all Qatari stocks. Naturally, as is the case with all Qatar Stocks today, it is all political, but the moment there is a glimpse that the Qatari market will recover, this stock will sky rocket..
Agree with you Ahmed. Actually GISS looks very good for a long term perspective, due to recent gas production expansion announcement.
When the oil will roll back to its 52-week high.
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