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NMS - Neptune Marine Services

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Baglimit :ye have a little too much faith in 'that stock' me thinks.

That is the trouble, I have no faith in MUL, my biggest loser by a mile.If I sell I lose 30 %, or I can keep them and hope they are telling the truth.

It won't happen again because I have stop losses in place now, still damn annoying though.I don't like feeling trapped in a share.I may bail out this week then I can forget the whole MUL experience, haven't decided yet.

Anyway this isn't the Mul thread.What I was going to say is that the options (NMSO) finished about 25 % down from their day high on Friday yet NMS stayed more or less at theirs.Very strange, and the options appear too cheap compared to the heads although I am no expert at working out the "time" value etc. I am tempted to add a few more.

That's the trouble in a Bull market, all these buy opportunities but unless I sell something I am fully invested and you can bet your bottom dollar the ones I want will go up a hell of a lot faster than the ones I have.

Still, shouldn't complain it's good that the average investor is making a bit of money at last.:santa:
 
Re: NEPTUNE MARINE - ANY MORE INTEREST

porper - not applying any mathematics or experience to this, but i'd say considering they have 6 years to go, the 'discount' should be in the 12-16c range (with the 20c exercise) - thats just my guess.
the discount was only 7c when i bought, but thats another story.
1 thing i will add is thankfully a number of folk i know jumped on in the 15-25c range (and 1 at 10.5 on the 'o's) and all are very happy people right now......and they aint selling - long way to go yet.
 
Re: NEPTUNE MARINE - ANY MORE INTEREST

Big drop in NMS (5c) and NMSO (6.5c) today as of 1pm. Has there been any bad news?
 
Re: NEPTUNE MARINE - ANY MORE INTEREST

Dwib

No bad news that I know of, just profit taking in my opinion, it went up far too quickly, and has maybe been oversold now, who knows, certainly not me.I'll wait a while and maybe top up when the price stabilises.

We are all still waiting for the news of the contract with a company in Europe, that will either make or kill the shareprice, we shall know soon enough.I hold but have no intention selling just yet. :xyxthumbs
 
Re: NEPTUNE MARINE - ANY MORE INTEREST

porper and others - i am aware that the CEO is away currently, where is anyones guess, but is due back next week - and just quietly hoping (not yet assuming) he has a swag of news to tell. definite profit taking going on, considering the number of new holders about......they had their 1st news article since float in 'thewest' this week - w.a. parochials claiming all the best ipo's from this year.
 
Re: NEPTUNE MARINE - ANY MORE INTEREST

Someone excercised their options in NMS...why would anyone do that when they don't expire til 2010 and it's not as though there are going to be any dividends coming soon?

Hope you are right about that announcement from the CEO...are you sure he's not just holidaying it up on all the money he's made so far?...
 
Re: NEPTUNE MARINE - ANY MORE INTEREST

i dont know if he's made too much money yet - the options he got a few months back were exercisable at 25c, not 20c like the rest. although they were free options - NICE
 
Re: NEPTUNE MARINE - ANY MORE INTEREST

an update for porper and anyone else interested - xmas mite come early, it mite not, but have you ever had 2 xmas' within weeks of each other - put the champers on ice................
 
Re: NEPTUNE MARINE - ANY MORE INTEREST

Baglimit,

Is this some sort of cryptic clue, beacause I haven't got the faintest idea what your last post was about.:roflmao:

I will be in England from Thursday for a month almost, with little access to a computer, so keep us all posted, hopefully when I get back it will seem like I have had 2 christmas' :boy:
 
Re: NEPTUNE MARINE - ANY MORE INTEREST

it wasnt too cryptic porper - you understand perfectly.
enjoy the trip - at least when you come back you'll have the credit card paid for - and still a sizeable holding !!!!!
 
Re: NEPTUNE MARINE - ANY MORE INTEREST

still waiting for the big announcement baglimit...until it happens, the price will keep falling...maybe I should get out now?
 
Re: NEPTUNE MARINE - ANY MORE INTEREST

A technical veiw.
 

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Re: NEPTUNE MARINE - ANY MORE INTEREST

SO HOW MANY OF YOU OPENED YOUR PURSES TO GRAB A SMALL HANDFUL DURING THE RECENT DROP - NOT TOO MANY I'M AFRAID, LOOKING AT TURNOVER - JUDGEMENT DAY IS NIGH - and hello to porper if you are watching from the other side of the planet.
 
Re: NEPTUNE MARINE - ANY MORE INTEREST

NMS has that smell about it again - up 2.5c today - that announcement must be close.
 
Re: NEPTUNE MARINE - ANY MORE INTEREST

Neptune Marine: Quality Dry Welding Underwater Technology Saves Time And Money
Article Dated: 13th February, 2004

http://www.marketeye.com.au/newsletter/?mid=&cobrand=marketeye&issue=46&section=feature#2


Neptune Marine, IPO currently available, has been formed to commercialise technology invented by the managing director Clive Langley that enables dry welding for ships, oil rigs, pipelines and other underwater constructions on the spot, instead of having to be either dry docked or have a major habitat created around the surface that needs to be repaired – the current alternatives both of which are very expensive in both time and money. The other alternative, wet welding, offers a poor and somewhat temporary solution.

The Neptune Marine Dry Welding System which enables a quality dry weld underwater has great potential to become the marine welding technology of choice among leading customers globally.

The boom in oil exploration and production worldwide and the squeeze on shipping caused by the commodities boom offers a particularly attractive time for a technology such as Neptune’s to make its debut. (It also endows Neptune with considerable corporate flavor for numerous other players in the industry)

The Current Squeeze

According to a broker’s report last November, the hire rates for cape size bulk vessels (100,000 tonnes) have been pushed to over $US80,000 a day against a historic average of less than $US20,000 a day.

A lack of spare ship building capacity and the rise in seaborne commodities, particularly iron ore to China has exerted a further squeeze. Iron ore, at 500 million tonnes represents close to 40 pct of all seaborne trade of bulk commodities.

Together with steam coal and coking coal the three commodities represent around 85 pct of seaborne trade.

Moreover, port constraints add to the squeeze. At Newcastle (in the UK), the number of ships queuing at any one time has exceeded 40, equating to on average a 10/12 day waiting period.

China has increased its imports by 40 pct and its exports by something like 35 pct in 2003, with shipping rates having gone through the roof, Jeremy Grantham, one of the founders of Grantham, Mayo, Van Otterloo & Co with $48 billion under management told Barron’s in November.

Meanwhile, there is a squeeze on drilling rigs, with exploration being queued and there are ever growing miles of underground pipelines to be repaired.

Size Of Market

Neptune in its prospectus says the size of the world market for ship repair services is estimated at $US4.4 billion for scheduled dry dockings in 2001 and $US600 million for voyage repair services.

The overall deepwater construction and engineering market has been forecast to grow to over $US10 billion by 2005.

Oil and Gas Underwater Pipelines

Market Equity in an independent market research report included in Neptune’s prospectus says in Europe alone in 1995 there were some 634 million cu metres of oil and oil products transported via approximately 30,000 km of pipelines. In the US there are over 20,000 miles of underwater pipeline systems which carry close to 1/4th of US natural gas production and over 15 pct of its crude oil.

Work to connect a new pipeline to an existing network in the North Sea was awarded to the Stolt Rockwater j/v (a j/v between Halliburton Subsea and Stolt Offshore) in March 2001 for a value of $US22 million.

In October 2001 the Stolt Rockwater j/v was awarded pipeline repair work on the Asgard field in Norway, valued at $US100 million.

A pipeline in China was repaired for $US8 million.

(While the shipping market is of significant size, contracts are not expected to be as lucrative, since repairs would be conducted not lower than 15 metres, and are straightforward repairs of the hull.

In the oil and gas market however, repairs may have to be conducted several hundred feet below water.

Neptune has developed a dry welding system specifically for pipelines with the welding casing moulded to different shapes depending on the diameter of the pipeline. This dry weld technology was used by Neptune to repair a pipeline in the Philippines on a job where numerous other welding techniques had failed).

Underwater Welding Technologies

Underwater welding is a necessary part of the maintenance of any metal infrastructure below water including ships, oil rigs, tanks, piers and pipelines. Problems arise with the quality of the weld, specifically hydrogen embrittlement that has the effect of very poor mechanical weld properties. This problem may be overcome but with exceptionally high costs.

The Hyperbaric Weld
Hyperbaric systems (where an entire dry chamber is created for the welding team around the area of repair) may cost in excess of $1 million to develop for just one job.
This results in a dry weld which is the preferred method for producing a quality weld. The problem is the cost.
The Wet Weld
Wet welds are well known to be of poor quality. While it has clear cost advantages both in terms of repair expenditure and time, with the welding carried out under water in a wet environment, gases are trapped within the weld and the quality of the wet weld is considerably poorer than the dry weld.
The Neptune Marine Dry Welding System
This produces a new type of weld using the proprietary technology owned by Neptune Marine.
It can be performed in the time and at a cost comparable to the cost of a wet weld but delivers the quality or better of a hyperbaric weld.
The Neptune Marine Dry Welding System mechanically locks on to the surface and pumps heated gas into it, drying it out,. The habitats range from 60cm x 30cm in size. The diver inserts the electrode into the welding housing and effects the weld in situ.
Highly Credentialled Directors

Chairman Raymond Farrier and managing director Clive Langley are highly credentialled and well known in their industry.

Neptune Marine’s non executive chairman Raymond Farrier has been involved in the diving industry for 31 years, working for major oil and gas companies throughout the world. He has specialist skills in the inspection, maintenance and repair of below water structures. His non destructive inspection qualifications in magnetic particle, ultrasonic and radiography endorsed by the classification companies Lloyds and Det Norske Veritas.

Mr Farrier was a pioneer in adapting existing surface welding inspection techniques for use underwater which form the basis of CSWIP underwater inspection qualifications, endorsed by the classification companies and used by divers around the world today.

He is currently the Australian Diving Manager for Stolt Offshore, a major global sub sea engineering organisation.

Managing director Clive Langley, the inventor of the Neptune Marine Dry Underwater Welding Technology has thirty years experience in technically advanced welding projects around the world. His experience includes working in the light, medium and heavy engineering sectors, oil and gas, offshore and onshore, power generation, mining and defence, on the Collins Class submarines and ANZAC frigates.

He is currently CEO of XLT Industrial Training Pty Ltd, a metals/mining/construction training company whose personnel will fulfill orders received.

Plan Of Work And Patent Protection

At this stage Neptune Marine does not plan a major manufacturing operation.

It plans to continue to manufacture units in-house, as it has been doing for some years, using staff from Clive Langley’s metals/mining construction training company XLT Industrial Training Pty Ltd to fulfill orders.

There are currently two divers available to Neptune that have been trained in the Neptune Marine Dry Welding System and others are being trained..

(Several orders were obtained and filled using the technology now within Neptune, before Mr Langley decided to go public).

The Neptune equipment has been accepted or approved for use by prominent international shipping and certification societies including the American Bureau of Shipping.

Neptune Marine has patent applications in Australia, Europe and the US.

Neptune Financials

Float price 20 cents
Shares on Issue 30.0m, 17.4m escrowed
Options on Issue 24.6m, 18.3m escrowed
The Company is a new startup without financial history.
The pro-forma Balance Sheet has $2.4m cash with net tangible assets of $2.4m or 8 cents per share undiluted.
A prospectus can be downloaded from www.neptuneunderwaterwelding.com.au

There is no broker to the issue. A 6 per cent commission on the amount subscribed and accepted by the company in respect of all applications is payable to brokers.

Directors:

Raymond Farrier, non executive chairman, involved in the diving industry for 31 years.
Clive Langley, MD, inventor of the Neptune Marine Dry Underwater Welding Technology, with 30 years experience in technically advanced welding projects throughout the world.
Andrew Harrison marketing director has significant experience in the industrial services sector, most recently management consultant for Chubb Australasia.
Ms Cathryn Curtin, non executive director, a trained psychologist, has held senior positions within both private and government sectors.
Blair Sergeant, company secretary, a partner with accounting firm Anthony Ho & Associates.
Major Shareholders:

Clive Langley will have roughly 17.7 pct after the issue
 
Re: NEPTUNE MARINE - ANY MORE INTEREST

Just a review of the technicals some maybe interested
 

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Re: NEPTUNE MARINE - ANY MORE INTEREST

tech - volumes will never increase unless it becomes a day trade (when the ann comes thru) or the directors dump - not likely. small parcels now dominate the stock, except for a few souls who got in prior to october.
today was another nice day for no reason - but that ann is due very soon.
which brings me to ask - are you in ??
 
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