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%

Beat me to it Spec - 2 huge end of day buys.

L2 after hours trades - most not appearing on usual software.

These are trades & times after 4pm (as listed on L2- descending i.e. latest is first):

16:11 10,000 23.75 O
16:03 320,000 23.92 O
16:03 37,500 23.92 O
16:02 25,000 23.00 O
16:02 257,500 24.00 O
16:53 50,000 23.00 T
16:34 257,500 24.00 X
16:20 225,000 23.96 B
13:37 9279 22.65 O

Excellent! - something big has to be coming with 10 insti's in 3 months with no recent orders, and statement & analysts saying loss will be wider & sales a bit worse than expected. E.g Schroders - you just don't put 10% (over 1m) into an AIM company under those circumstances. Thats 10 insti's at least buying in 3 months - many well over 3% i.e. not even scaling in! Certainty or madness - if certainty, they won't want to wait till 2007/2008 results to see a reward IMO.

Good spread moves today - even a 25p trade.

Another 5% rise - touched 26.50.
Probably hover here for a bit, but not far short of the 30p mark, after which we should see a breakout.

Coupla big buys or some news would do it.

'Nother good close & big trades going through.

GME have 10 instis holding 60% with a free float of c23M

By comparison Abbot (best in sector) have 4 instis holding 70.3% with free float c18M

1-4th May

http://www.otcnet.org/2006/

Huge exhibition - all clients are there.

http://www.marinelink.com/Story/ShowStory.aspx?StoryID=202880

Hang in there for news.
Expect something this week.

http://www.otcnet.org/2006/

Starts today - 1 May!

Expect deals soon.

Shrouders upped by another 475k.

Owl
Looks like you and me will be the only non institutional holders left soon!!

AND me

and me... small lil holding thou...

I'm still adding Pommy.

If there's what I hope coming, there's probably 8-10 weeks to see it happen.
After that, GME & PMHH will rise to their true value - i.e. no longer at this huge discount on forward 4.6 PE

Patriot Mechanical Handling Signs Exclusive Marketing Agreement With EMCE
Friday May 5, 10:49 am ET


Patriot to Represent EMCE Winch/Hoisting Equipment Throughout the Americas


HOUSTON, TX--(MARKET WIRE)--May 5, 2006 -- Patriot Mechanical Handling, Inc. (Other OTC:PMHH.PK - News), a leading provider of mechanical handling solutions and services to the oil and gas industry, is pleased to announce that the company has signed an exclusive agreement during this year's Oil Conference in Houston, Texas, with EMCE a Netherlands-based manufacturer of winches and hoisting equipment. The agreement provides Patriot exclusive marketing rights to EMCE's product line in North and South America for a two-year period.
Paul Findlay, CEO of Patriot, stated, "We are very pleased to represent EMCE's line and believe their entire range of quality products are not only complementary to our offering, but they also support our strategy of providing complete packaging of equipment for mechanical handling solutions to the offshore drilling industry." He added, "We are now aligned with a number of companies, including EMCE that will allow us the ability to compete in a broader market while addressing our clients who require a total package."

EMCE has over 40 years experience in design, engineering and manufacture of winches for numerous markets. EMCE product advantages include optimal simplicity, efficiency, compact size, quality, performance, customization, durability and safety.

About Patriot Mechanical Handling

Headquartered in Houston, Texas, USA, Patriot Mechanical Handling, Inc. (PMH) is a comprehensive engineering and product supplier for all mechanical handling solutions in the oil and gas industry. In addition to this, Patriot is a licensed representative for some of the finest & most well established brands in the lifting and mechanical handling business. Our success is based upon effectively meeting the customer's needs prior to, during and most importantly after the product has been delivered. Our personalized service is unrivaled. We frequently monitor the quality of our products to insure our customer's satisfaction, and offer equipment that is guaranteed safe for use and fit for purpose.

More information is available by contacting the company directly. Information is available on the web at: http://www.patriotmh.com.

This press release contains information that constitutes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Any such forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from any future results described within the forward-looking statements. Risk factors that could contribute to such differences include those matters more fully disclosed in the Company's reports filed with the Securities and Exchange Commission. The forward-looking information provided herein represents the Company's estimates as of the date of the press release, and subsequent events and developments may cause the Company's estimates to change. The Company specifically disclaims any obligation to update the forward-looking information in the future. Therefore, this forward-looking information should not be relied upon as representing the Company's estimates of its future financial performance as of any date subsequent to the date of this press release.

So why do we need NIM (the reason for losses etc) now?

NIM is profitable. Could it be sold (e.g. to EMCE) to remove big fixed cost, staff, buildings etc.

Oilfields firm set fair with 20m in orders
By Mark Casci
A Shipley oilfield services company which does business all over the world has announced nearly 20 million worth of orders this year.

Global Marine Energy has contracts worth 19.4 million on its order book for the next 12 months.

The firm has acquired 10 million worth of new business since November alone and expects to announce a series of contracts in the coming weeks.

The firm has its headquarters in Shipley, where most of the design and engineering planning is done. The manufacturing is then done at its bases in Houston, Texas; Brazil and Singapore.

Finance director Andrew Gibson said: "95 per cent of our design work is done in Shipley.

"The majority of our business is done in the offshore oil and gas industries.

"Some of our business also involves producing access equipment such as doors etc for nuclear submarines and the Ark Royal.

"We turned over 12 million last year and are hoping to turn over 20 million this year."

The current contracts that the firm is working on are based in Brazil and Malaysia.

The firm was founded in 1988 and now employs 250 worldwide, 45 of whom are based at its Shipley headquarters.

The company was listed on the Alternative Investment Market (AIM) in 2001 and was restructured into two separate divisions in 2003, following the appointment of new chairman Philip Wood.

Patriot provides handling equipment to the offshore oil and gas industries while NIM Engineering ltd provides marine access to the gas and oil industries.

The firm, based on Wharf Street, changed its name from MOS International last year.

The company made the announcement of its new business contracts following a downturn in profits last year.

The losses, caused by extensive restructuring at the company, were overcome in the final quarter of the year up to March 2006 as the firm looks towards a brighter financial year.

Mr Wood said: "The year to March 2006 has still been one of substantial growth and, most importantly, the company has returned to profit in the final quarter."

e-mail:mark.casci@bradford.newsquest.co.uk

4:17pm Tuesday 4th April 2006

Checked with Management.

NIM are full, so they've had to get EMCI in to help supply new 'drilling packages'

Here we go...

Patriot Mechanical Handling Announces $8.6 Million Marine Deck Crane Order From China National Petroleum Offshore Engineering Co, LTD
Monday May 8, 11:11 am ET


Order Represents the Fifth Contract Signed With Chinese Energy Producers Over the Past 12 Months


HOUSTON, TX--(MARKET WIRE)--May 8, 2006 -- Patriot Mechanical Handling Inc. (Other OTC:PMHH.PK - News), a leading provider of mechanical handling solutions and services to the oil and gas industry, is pleased to announce that it has received an order valued at $8.6 million USD from China National Petroleum Offshore Engineering Co, LTD. The order is for 8 marine deck cranes, spare parts, training and commissioning of the equipment. Training will occur in the Patriot facilities in Houston, with the cranes being delivered to Xingang Seaport, China, upon completion.
"We are making tremendous inroads in China, having secured multiple orders over the last 12 months, including this latest order for China National Petroleum Offshore Engineering," stated Paul Findlay, CEO of Patriot. "The growing demand for fossil fuels in China makes this country an important market for Patriot. We will continue to develop our relationships and expand our efforts not only in China but throughout the Far East."

About Patriot Mechanical Handling

Headquartered in Houston, Texas, USA, Patriot Mechanical Handling, Inc. (PMH) is a comprehensive engineering and product supplier for all mechanical handling solutions in the oil and gas industry. In addition to this, Patriot is a licensed representative for some of the finest & most well established brands in the lifting and mechanical handling business. Our success is based upon effectively meeting the customer's needs prior to, during and most importantly after the product has been delivered. Our personalized service is unrivaled. We frequently monitor the quality of our products to insure our customer's satisfaction, and offer equipment that is guaranteed safe for use and fit for purpose.

More information is available by contacting the company directly. Information is available on the web at: http://www.patriotmh.com.

This press release contains information that constitutes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Any such forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from any future results described within the forward-looking statements. Risk factors that could contribute to such differences include those matters more fully disclosed in the Company's reports filed with the Securities and Exchange Commission. The forward-looking information provided herein represents the Company's estimates as of the date of the press release, and subsequent events and developments may cause the Company's estimates to change. The Company specifically disclaims any obligation to update the forward-looking information in the future. Therefore, this forward-looking information should not be relied upon as representing the Company's estimates of its future financial performance as of any date subsequent to the date of this press release.



Contact:
Contact:

Patriot Mechanical Handling, Inc.
Tel: 281-445-4745
Fax: 281-445-9839
E-Mail: Email Contact

Global Marine Energy plc
Philip Wood, Chairman
Tel: 01274 531 862

Capital Group Communications Inc
(415) 843-0200 office
(415) 843-0214 Fax

Dear Owl,

I cannot see the $8.6M contract won by PMH. I looked at LSE and Digital Look. Where did you see this posting?

Jatin,
it's under
http://www.patriotmh.com

or on yahoo

http://finance.yahoo.com/q?s=PMHH.PK&d=t

Hope this helps.

I contacted the PR & Advisers today. they should have released the news but didn't and it's caused a lot of trouble. Hopefully they'll fix soon.
818,000 shares today, so clear news is getting out.

Owl
I have had to abandon the other thread. Will join you on this one if thats OK and hope that AM do a better job of running their threads than ADVFN. I am afraid i simply cant be bothered with the idiot over there anymore. Do you think we could get the others to join us over here ?

been here for ever Spec!!