An “Update from the board of directors” announcement from Gulf Marine Services (GMS) today… and the shares currently the largest riser of the day, at above 8.5p…

Previously writing on Gulf Marine Services (GMS) I concluded including I’ve previously noted “the banks confirm that they are not willing to renegotiate any of the terms” – with the shares towards 7p hopefully my prior caution was heeded and it’s now just a watching brief to see how this now plays out. Today further news…

Hat tip to reader RT with this link, Abu Dhabi Commercial Bank (ADCB) which has a reported $981 million exposure to NMC Health (NMC) has applied to court to have NMC placed in administration, apparently to safeguard the future of the company, according to Reuters. Well, whatever – but it looks like game set and match to bear raider Muddy Waters.