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NMS - Neptune Marine Services

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pacer said:
SHIVVERS ME TIMBRERS LADS..LET'S TAKE THA BEGGARS...AHHHAARRR!

ALL ABOARD YE SKANKY LADS!....THERE BE LOOT TO BE A PLUNDERIN'

AAAHHHHAAAARRR!

LET'S SEE WHOM BOARDS THIS MAIDEN VESSEL SHAL WE.....AAAHHAAAARRR!

I'M HOPING ITS NOT ME ON THE GANGPLANK FO' SURE, FO' SURE.

AYE ME MATEYS LET'S WAIT 'TILL THE 'MORROW.....HARHAR.....:p:

I''M ALL IN BAR THE CANNON BALLS...
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Was it bourbon or maybe some rum from the carribean responsible for yon excuberance. :p:

Must have been a good AGM ;)

Neptune up to old resistance point of .27c today! Will it break through???
There & now I'm startin' to sound like Kennas & co. :rolleyes: They'll learn me sumthin' yet. :p:

And just as I was editing this, SMS alert tells me yes it has. Just hit .28c
 
I don't think I'm going to get any shares at 26-27c lets hope this keeps running, I got in at .278c Happy days
 
Well it did hit 66c on hype back in Feb, so that isn't an unreachable target now they have thier 'effluent' together.....lol......
 
boys boys - let me make sure you understand the significance of today...

a lot of key words said in the presentation and agm speech - go to boardroomradio

any price is a good price when that next announcement hits the boards.

oppies are pure gold still - and were great at sub 8c last week - hehehehe
 
You just wanna win the monthky picking comp BAGS.....but I still hold,...SLA will win though....If not then NWR...hehehe.....:eek:

PS I just got paid out $36k on my compo for my back injury today .....woohoo ....more to play with....damn shame I cant enjoy it as much as if I was a 24 year old.....poo.....

But Like trading ....I never look back on a bad situation...always look to the future!...........:p:
 
thanks tekmann
it seems director accumulating only 2 days ago
also chart looks set for rise
double recent normal volume today already
 
I’ve been doing a bit of reading on this stock today and though I’ve still got a lot to go through, NMS looks like it has huge potential.

Macquarie Bank likes where they’re headed and have recently announced a 27% stake.

I’ve got a few questions that I was hoping holders of NMS could answer.

- Have the ‘two acquisitions’ that have been talked about lately in this forum and in their presentation slides been announced yet? I know about the Allied Diving and TDS acquisitions but I don’t understand what’s going on with these ‘two acquisitions’ that according to their slides, are planned for completion in early next year. How is it that they have simply flagged two acquisitions just like that? Or is there something I’m unaware of? Also, management seems to be doing a good job but this hasn’t always been the case – I refer to post #104 by Porper regarding the Maersk deal:
As to the reason, I believe the share price got way ahead of itself, all on hype and promised announcements, which incidentally were promised by management in December last year, it is now April and as yet nothing.
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From this and other parts of this thread, I’m concerned about management. Reference about their ability to put a positive spin on things and their unstable nature in general concerns me.

- Does Neptune have many competitors and if so, are they serious competitors?

- Neptune may have a patent for its underwater dry welding technology, but does its competitors have similar technology? And if Neptune has a patent for this, then what technology have larger, more established sub-sea services companies been using?

- Is Raymond Farrier still the chairman?

Oh and I found out about this company through Boardroomradio, which is a fantastic research site. There’s stuff on there that’s not available on Commsec or tradingroom.com.au – e.g. stuff like the actual audio recording from anaylst briefings. Now we have something to listen to whilst looking at company slideshow presentations.
 
the acquisitions - allied & tds - are numbers 1 & 2 out of 4 planned by early 2007. they have been completed as per ann's recently. they are part of lange's desire to create a full sub sea services company for particularly oil & gas.

management - replaced early this year with lange heading a new group - the only remaining was the 'inventor' langley. and he's also head of development basically, being the brains behind the technical side of things. lange brings the 'big business' knowledge, and the other directors & appointments since bring contact, experience etc to grow this company.

competition - yes there are competitors in this field, but neptune have the technology to outbid these competitors with huge time & cost savings while delivering a superior product. hence the potential is huge.

appears ray farrier gone.

biggest news to date was the MBL stake - a lot of happy holders of neppy now.
 
Thanks for response sob!

The MBL stake sure does give a lot of confidence to existing NMS holders and those looking to buy - myself included.

So are you saying that British and American sub-sea services companies either have to drydock the vessel or do temporary wet-weld repairs? Because I keep thinking that surely those (no doubt) larger companies would also have a type of underwater dry-weld system - just named differently to Neptune's NEPSYS.

Also, do you know who provides 'AWS 3.6 Class A code' welds? I read it in one of the articles posted on this thread.

It's also encouraging to see that Neptune is to establish a BD unit in Scotland. If they can gain just a fraction of the huge inspection, repair and maintenance market in the North Sea, it could raise profit dramatically.
 
dry dock, temp wet weld, or dry weld underwater using a 'cocoon' around the area - these are the options pre nepsys, but they are inferior in either cost or quality to nepsys now.

recent trips around the world showcasing its abilities are nearing fruition.

im no expert in the 'class' systems, but have a look at the websites of neptune, plus the insurers (lloyd, veritas etc) for more info.
and just google "underwater welding subsea irm" and other words to gain better market size.

short term it appears asia & gulf of mexico will be their making, but long term the north sea & arab states open up even more options.

options have till dec 2010 - a great leverage into neppy.
 
why is there no posts today about this stock
its up 20% on big volume
i forgot all about this one
busy with mls making pocket change while this one quietly making decent money
still holding from .27 entry
:D :D
 
http://www.theaustralian.news.com.au/story/0,20867,20918281-23634,00.html

Neptune Marine (NMS) 32c

SPEAKING of Neptune, the planets are aligning for the Perth-based underwater ship and oil rig repairer - and not before time.

Macquarie Bank's small-cap fund last week emerged with a 26 per cent Neptune stake, while the company yesterday announced it had cracked the tough US oil market.

Neptune shares responded with a 4c, 14 per cent rise and at one stage were as much as 9c stronger. The stock bottomed at 15c in mid-October, after peaking at $1.50 in April last year in a case of highly premature anticipation.

Neptune chief Christian Lange attributed yesterday's flurry to the news it had secured its first sub-sea repair project in the Gulf of Mexico. The company won't quantify what the deal's worth, because purveyors of alternative (and of course inferior) repair methods are all too keen to undercut it.

"It's not our biggest project - it's little more than average size," Lange says. "But the important thing is we said our prime target was to break into the US market in a set time frame and we have overachieved that time frame."

What's also encouraging is that there's an awful lot of platforms to be fixed in the region, thanks to the ravages of hurricanes Rita and Katrina.

"Current industry estimates indicate damage to 457 pipelines and 65 production platforms," Neptune says.

"This is expected to increase as more extensive underwater surveys are conducted."

Meanwhile, Macquarie Investment Management took its holding through a $17.3 million placement, used to fund the purchases of Allied Diving Services and Territory Diving Services.

The fund got in at 20c apiece, which does little to allay the perception about MacBankers generating wads of cash wherever they tread.

Yesterday Lange reconfirmed Neptune's expectation of current-year EBIT of $2.6 million on revenues of $15 million, which is a jolly site better than the previous year's loss.

We rated Neptune a SPECULATIVE BUY at 22c on October 18 and now say HOLD.

With an expanded market cap of $40 million, Neptune looks only fairly priced now that the MacBankers have taken the cream off the table.

There are also 23.8 million options floating around, exercisable at 20c before 2010.
 
Excellent, they're recommending "HOLD" which means it will probably run for a while yet... Once all the financial analysts start agreeing on a "BUY" rating, it's time to get worried. :D
 
son of baglimit said:
With an expanded market cap of $40 million, Neptune looks only fairly priced now that the MacBankers have taken the cream off the table.
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Seeing as I had read more about Neptune over the weekend, last Friday's close of about 27 cents implied a P/E of nearly 12. I saw this as being quite cheap but I wasn't about to jump right in on Monday. Although, I was nearly tempted yesterday... On today's close of 31 cents, the P/E's at 13. It may be fairly priced, but this seems to be ignoring the potential of Neptune and its avenues for growth.

It all depends on how much upside investors see in Neptune and what they're estimates are for the coming financial year results. At this point, I'd look to buy at or below 25 cents. But there's always that feeling that it might not go below that level again.

Below is from Commsec News (I used this for working out the approximate P/Es above):
Australian-listed ship repairer Neptune Marine saves its clients money through its patented underwater-welding technology. Ships no longer have to be dry-docked for minor repair work. Neptune also was awarded a major fuel-line repair contract in early 2006 - an important acknowledgement from the oil and gas industry. Expenditure in sub-sea infrastructure around the world is expected to be $A14bn in 2007 and 2008. Neptune is expecting revenue of $A15m in 2006-07 and profit of $A2.6m. At $A0.23 Neptune is trading on a price-earnings ratio of less than 10.
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Also, I managed to get a booklet copy of Neptune's IPO prospectus... should make for interesting reading!
 
look at their history of announcements since lange come onboard.

the pipeline work early in the year was for some mob called SHELL - you might have heard of them.
try to get a feel for the amount of work coming their way thru 'allied diving', who are working with apache on NW shelf. as of dec 4 06, nms get all the income from those jobs.
try to understand the significance of the aberdeen office, and the woman in charge there.
have a look at the IEV website and ask yourself why IEV havent taken down the NMS advert - the deal is supposed to be dead.
consider the last ship repair job done, and why that insurer 'veritas' ONLY WANTED nms to do the job.
consider who the board have worked with (in their previous careers) in the past.
consider the significance of the u.s. patent issued recently.
google as much as possible around any key words you find in the announcements.
finally, strongly consider that last paragraph in the most recent announcement.

then set up a superfund for a nice retirement. your own future fund. and like costello, fill it with one stock. i know i have.
 
extract from nms quarterly report for Q2 2005/06.

The Company's nine month old alliance with the IEV Group of Companies in Malaysia has yielded its first measurable success, with Neptune Marine establishing a diver training centre at Batan on Pilau Island, just east of Singapore. The facility will be used to train IEV staff in subsea repair work, including for oil and gas infrastructure. The three year alliance was struck in April last year with IEV for its exclusive use of the Company's technology throughout 11 countries in Asia where it is a major participant in the maritime sector. The alliance is seen by Neptune as a natural partnership of our engineering and technical skills combined with IEV's existing marketing and operational presence in the key Asian geographic.

today a new link was discovered on the IEV website - for
"Emergency Pipeline Repair System (Under Construction)"
the webpage is being developed - gee i wonder who the provider of these services would be ?
 
Hi SOBL,

Thought I might add a bit to youre NMS thread. After dropping out of Uni I went to Plymouth (near Boviesand) and completed my HSE pt 2 ticket at Interdive and a short stint at Ft Williams. For my first year out I worked for Drill Support Intl setting up ROV's, after that I worked all over the show as a CD with Shell.

Most Lockout/Sat Divers have at some time or another come up with ideas like NMS's technology as an alternative to Hyperbaric welding. Its a pain in the but. From the pictures on the NMS website it looks quite constricted in size and just wondering how the feed lines for extraction attach to a bell and if the gas setup is fed topside.Also unless the vaccum unit allows freedom of movement for a neat continuous weld, its never going to work.

Regardless, the fact of the matter is that rarely are permanent welds required or used in the Oil and Gas Industry.Wet welds and burns are enough to suffice with a surface coat of underwater epoxy.
Most of a rigs setup is flange pipes that are simply attached with bolts, cut work and xray checks, ROV's do a lot of the work as well.

HSE is the industry standard for Oil and Gas and unless NMS get an in with the training organisations, how is their gear going to get used with the big players?. Are they going to sell their units or do you have to use their crews, IMO if you do its never going to work.No Rig manager is going to get in crew just to weld, whilst he's also paying top dollar to his contracted divers on site

I can see NMS doing well in the ship repair area, no doubt lots will use them. But I really dont think they will get a major play in Oil and Gas, its just to closed in.

By the way I have'nt been invoved in the industry since 98 so things may have changed with the clickiness and all, just my two bobs worth anyway. :)
 
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