Last 413.25 INR
Change Today -0.65 / -0.16%
Volume 6.3K
As of 1:33 AM 07/14/14 All times are local (Market data is delayed by at least 15 minutes).

global offshore services ltd (GWOS) Snapshot

Open
424.00
Previous Close
413.90
Day High
441.00
Day Low
402.15
52 Week High
07/8/14 - 470.00
52 Week Low
10/10/13 - 44.30
Market Cap
10.2B
Average Volume 10 Days
61.8K
EPS TTM
15.44
Shares Outstanding
24.7M
EX-Date
09/16/14
P/E TM
26.8x
Dividend
1.20
Dividend Yield
0.58%
Current Stock Chart for GLOBAL OFFSHORE SERVICES LTD (GWOS)

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global offshore services ltd (GWOS) Details

Global Offshore Services Limited engages in the charter of offshore support vessels in the Far East, Africa, the North Sea, India, and the Middle East. Its vessels provide support services to the oil and gas exploration activities; and offshore/underwater construction projects. The company’s vessels also involved in the transport of personnel to rigs from onshore bases; delivery of cargo/material to rigs; anchor handling operations; and towing of rigs. It operates a fleet of 12 vessels. The company was formerly known as Garware Offshore Services Limited and changed its name to Global Offshore Services Limited in March 2011. Global Offshore Services Limited was incorporated in 1976 and is based in Mumbai, India.

Founded in 1976

global offshore services ltd (GWOS) Top Compensated Officers

Vice Chairman, Managing Director and Member o...
Total Annual Compensation: 12.2M
Executive Chairman and Chairman of Share Tran...
Total Annual Compensation: 9.5M
Compensation as of Fiscal Year 2013.

global offshore services ltd (GWOS) Key Developments

Bourbon Reportedly Acquire Global Offshore

Bourbon (ENXTPA:GBB) may acquire Global Offshore Services Limited (BSE:501848) (GOSL). Bourbon is set to o sign a deal on July 14, 2014 to acquire a majority stake in GOSL. KPMG and EY have set the enterprise valuation of GOSL at INR 42 billion. According to people participating in the discussion, Bourbon has invited a section of promoters and investors of GOSL to Paris for signing the deal. Bourbon seeks to acquire a 50.1% stake in GOSL and will come up with an open offer for another 25% after the deal. Garware family holds 23% stake in GOSL. According to the news report, Garware family will offload around 20% of its stake and retain 3% for some time. Aditya Garware, currently Vice-Chairman and Managing Director of GOSL, will continue in his position until Bourbon integrates the acquired company’s businesses with itself. The report added that queries sent to the Garware group remained unanswered. Rondor Overseas Ltd. and Clearwell Enterprises Ltd are not divesting their holdings. These two hold a total of 10.37% in GOSL. Manoj Mittal along with his associates, holds 6.9% in GOSL will offload his stake only in the open offer. The report added that Manoj Mittal also declined to comment. On July 1, 2014, GOSL share price dropped 1.46% to INR 361.25 on Bombay Stock Exchange.

IndiaStar And Other Minority Shareholders Reportedly Plans To Exit Global Offshore

IndiaStar Fund, LP intends to exit from its 29.36% stake in Global Offshore Services Limited (BSE:501848). A source close to the matter stated that India Star has already sounded some global shipping giants, including Bourbon (ENXTPA:GBB). The foreign companies are interested in Global Offshore because of its low operating costs. The source added that Manoj Mittal (2.54%) and Kemper Properties Holdings Pvt Ltd (2.63%) are willing to exit Global Offshore. One of the investors of Global Offshore said India Star is actively looking for exit because the fund has already exceeded the stipulated time frame. "India Star is invested in Global Offshore for more than eight years now.So they are now planning to exit. Some minority investors and foreign holding of the promoters may also be up for sale," a source said.

Global Offshore Services Ltd Receives Notice of Award of Contract

Global Offshore Services Ltd. announced that the company has received a notice of award of contract for its vessel, M.V. Kamet for a period of 3 years. The value of the contract will be approx INR 290 million per annum.

 

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GWOS Competitors

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Company Last Change
CH Offshore Ltd $0.46 SGD 0.00
DOF ASA 29.10 NOK 0.00
Ezra Holdings Ltd $1.17 SGD -0.03
Jaya Holdings Ltd $0.04 SGD +0.001
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Industry Analysis

GWOS

Industry Average

Valuation GWOS Industry Range
Price/Earnings 26.2x
Price/Sales 2.8x
Price/Book 2.6x
Price/Cash Flow 9.5x
TEV/Sales NM Not Meaningful
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