THREAD NOW CLOSED 3 May 2007

LATEST NEWS...(Check RNS service for details)

10/4/2007 - GME removes its minority interest in Patriot so shareholders enjoy 100% of all growth at Patriot
20/3/2007 - GME announces it will no longer support as NIM as non-core but instead focus on Patriot's US$123 order book
4/1/2007 - Cantor Fitgerald report 6.90% Holding
Decemebr - $31m orders reported
w/b 27/11 - Cantor buy >3%, Further order of $11m for rig packages
w/e 24/11 - Orders of $20m announced, but not profitable as expected
w/e 13/10 - Further $8m orders
w/e 27/09 - Further additions by Schroders to 12%
w/e 22/9 - Further orders of c $18m plus Gartmore stake increases to 20%.

Global Marine Energy plc is an Oil services company primarily bringing together and delivering rig component/equipment packages to international markets. GME is the holding company for two subsidiaries, Patriot Mechanical Handling and NIM engineering. Patriot provides the bulk of GME's sales.

GME is a niche player, there being only 1 or 2 alternatives for packaged equipment.
Patriot is a member of Source One drilling - a marketing alliance created by Le Tourneau Ellis Williams (LEWCO). www.source1drilling.com

Thread re-opened post results. Feel free to post away. News summary under picture.

Disclaimer: As always, Do Your Own research as no comments or foward looking statements posted here can be guaranteed.

This is an AIM listed company so high risk - only for investments you & your family can afford and are prepared to loose.



***Latest*** (also see estimated Share position analysis below @ 20 April 2006)
19 Sept - $9m from Brazil & America
14 Aug - GME announces $9m of orders including $1.2m NIM orders for Baker marine
These funded in part from recent raised capital.
11 Aug - GME delivers 11.2m stg (2005 4.76m). NIM issues notified in July addressed.
June - Cobra Ltd take large stake, a few previous buyers add
June - Placings at 15p
25 May - Paul Findlay promoted to Group CEO. S Wild (NIM subsid) off board.
10 May - PMHH signs up to http://www.source1drilling.com alliance
8 May - PMHH huge $8.6M china order+announces multiple chinese deals
5 May - PMH signs exclusive deal with winch company EMCE/Stokvis
4 May - Shroders increase to 11.16%
19 Apr - Shroders buy 10.10% 4,525,000
4 Apr - Gartmore adds stock now 17%, CAML buys 3.52%

interesting owl, but it didnt lift the price up

ok standard corrected, its on the up

MM just bought 500k... could be a winner

Looks very interesting... Certainly won't be shorted... lol

666

hope they go to a pound, if they dont, I will blame the owner of this thread ;-)

Director 1m
UBS
Gartmore
Goldmans
Only 4M free float post consolidation

GME have done everything we asked for except show a profit.

Now 7 MM's on GME. Welcome JEFF.
Quite a party!

Agree all looks positive just need positive comments on income. Started to tick up slowly though

getting ready for blast off... lets hope before 25/12

4mil buy... institutions filling there boots... looking good

so who thinks selling now and buy back at 0.17p would be better

got to admit I sold today... looks like it is actually a pile of shit

thats unusual for you kat to pick a loser and admit it, might be the start of a new beginning.

Good luck K.

For the two investors who remain!, we have interims, consolidation (probably backed up with new orders), a projected profit for 2007 (see Hardman research - Times Online & possibly close to profit in 2006), Gartmore, UBS & Goldman clients on board, and of course PW's 1m.

Sure, of course it's still a big risk (AIM stocks are), but even if things were to go pear-shaped for GME, there are few AIM companies with those credentials, and few in a market with such huge demand. For these reasons, I'm not expecting to start unloading till at least April of next year.

I'm still in- waiting patiently!

MP - 3 of us then ;)

I am also still in these on the basis that they should have sufficient cash now to grow the business, but patience will be needed. The SP upside is restricted by the massive dilution caused by the recent placing at .17p. Sellers will be out on any strength in the share price imo, and the SP could still drift towards the placing price, as those that took part in the placing for a quick profit sell and move on.

C9. Could do however see 9/12/05 Corp synergy. Couple of big orders & could be very different. If GME get a pre-paid or govt work might transform GME. Still can't get over Wood's large investment end Sept. Why not wait till Jan 1 like last year?

http://timesonline.hemscott.com/servlet/HsPublic?context=timesonline&path=be&service=getForecasts&type=brokerforecast&cid=4278

2 skools of thought - which will it be?

im still in bought .8 down to .25 haVe managed to turn 10k into 3k ,seem to haVe a talant for that ,be a Very pleased holder if we get any recoVery.

Be very surprised if we don't see a recovery after consolidation. 2003 saw 0.25p-1.40 in less than 4 months!! AIM stocks though do normally take 2-5 years to come good, so my horizon's Sept 2007 despite currently nursing much heavier losses.

Post consolidation, with institutions buying and cash in bank, GME are much better placed IMO. If Patriot can turn $4.15m in last 60 days, what might they have done before that? Whether this lifts shares of course remains to be seen, but with staff options expiring in Sept 2007, there's lots of incentives IMO.