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%

Hi Owl, where was the last rig picture taken was it the Cromarty firth

john50.
Not sure It's a copy of a pic from Pride International's website.

Well it's official. Check today's RNS's
1/100 consolidation from Jan20th

is this good news do you think? any share I've held which has done this always falls afterwards.

Well it can't do much worse than it has over the previous 6 months.

That's true-the announcement is very encouraging maybe next year it will all come together and our patience will be rewarded!

The share needs to be out of the less than a penny range to be taken seriously. This should do it. I would like to see a better news flow from the company other than we are obtaining working capital which has been their message for the last six months, then it might progress. Anyway Chrissie should be right that it will be 1p not sure its worth a party yet though!!

I think consolidation is a good thing:

The no. of shares after consolidation will be 44M @ consol. price (27p I think)
So if a typical trade were 20k@27p, that's 5,400 (not too onerous for institutions, and new investors)

We'd need 2,200 trades of 20k to eat up the share capital leaving a nil float.
I.e. 183 trades a month, 9 trades a day.

Question: With a good tail wind, is this a valid scenaro?

We have a new website:
www.gmeplc.com.

Very relieved to see the new website up and running and it looks pretty decent too.

Just got back from hols and sorry to see the sp where it is. However I am in this for the long term (have no choice anyway) Let's face it, it could still be a great recovery stock. Will definitely be in this another 18 months at least.

I see that interim results (Sept30th) will be published on day of EGM 28thDecember. Am I right in thinking that the company is expecting to show a profit by year end March 06. If that is still the case then PW should confirm this in hs interim statement.

If GME keep winning orders as I believe they will then the sp will rise. What we really need is one big gigantic order to get our teeth into, then the placing, at a dismal price, may have been worthwhile.

Doing a great job Owl! See you at the 2 party!!! :-)

Cheers Chrissie & Welcome back. We've missed you. No doubt you've seen the LGB story. It's an epic.

Don't worry about GME! Profit is touch & go for 06. I'd be surprised if they do it, but might just. However, we have 1m investment by chairman, some 6-8M funds available now (so also can easily get overdraft), an oversubscribed placing so institutions on board, a new website, PMH orders coming through, Paul Findlay's going on national television to 69M viewers (www.quotemedia.com), a 1/100 consolidation from Jan 5th, and a new website.

There are lots of orders. Email me- I'll send you something!

Owl

Agree, we should now get behind PW. Onwards and upwards!

I don't have your email address ....here's mine w8ing4blue@yahoo.co.uk

owl, still watching, waiting to see how the new story developes. do you think the scandal surrounding lgb and pw's invovlement is adversely or will adversely affect gme?

Findlay & Wild are directors generating the contacts sales etc. There are 3 other directors, and a no. of Non-Execs - all with good industry experience.

Wood has completed the restructure work+assisted sales.

If PW had to leave, the others could manage albeit they'd probably need a driving force IMO.

Global Marine Energy PLC
07 December 2005


7 December 2005

Global Marine Energy plc ('the Company')

Notifiable Interest


The Company announces that it received notification on 6 December 2005 that on 1
December 2005 The Goldman Sachs Group, Inc. ('GS Inc'), including its direct and
indirect subsidiaries, had an interest, by attribution only, in 118,500,000
ordinary shares of 0.025p each in the Company, representing 4.01% of the issued
share capital of the Company. The shares will be registered in the name of
Goldman Sachs Securities (Nominees) Limited.

This represents the entire holding of The Goldman Sachs Group, Inc. in the
issued share capital of the Company.


For further information please contact:

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

Derrick Lee, Noble & Company Limited 0131 225 9677

Michael Padley / Susan Scott, Bankside Consultants 0207 367 8888




This information is provided by RNS
The company news service from the London Stock Exchange

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 ;-)