Australian (ASX) Stock Market Forum

NMS - Neptune Marine Services

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A few previous posts say they have contacted NMS and the news will be out Tuesday and it will be good. 2 Q's given this

1. Is it likely that the company would give out this info? Placating share holder anxiety during a trading suspension would seem pointless.
2. Whatever it is, what could possibly take so long? Capital raising - they have done that before so would have docs and procedures down pat! Take over - simple enough, why the delay of a week?

Confusing - but I'm hoping it's going to be positive
 
Just on the question of suspension - I notice in the news today that Beconsfield Mines have just been returned to trading status one year after their suspension following the mine collapse in Tassy.
 
Just to clarify, a member of another forum contacted NMS on Wednesday. Kim Hogg, the company secretary, returned his call and he was informed that the announcement would be next Tuesday.

If the AFR article is accurate, raising $30m would not be something you can do in the space of a day. There are presentations, promotions etc to try and encourage the investors. Last time when they used Patersons, they did promotional presentations in Sydney, Melbourne and Perth, so yes, I can certainly see why they need a week for it.
 
Pacer

I would be happy to send you a bottle of Bullit as opposed to Beam when "... I get rich"
Thanks for your advice.
I'm thinking I might pick up a swag of nms options.;)
 
Hi new to this site but have held these for a few months.

NMS made the front page of the business section in The West Australian.

The capital raising is expected to consist of a $30,000,000 placement to which is apparently heavily supported and a $4,000,000 rights issue pitched at 60c the new businesses are supposed to add $20,000,000 a year in revenue, the deals "2 of" will be paid for with cash and an issue of sharesto the value of $40,000,000 the companys are believed to be US diving comanies based in the Gulf of Mexico.

If the share price rise on the back of previous acquisitions is anything to go by then we can expect further rises I guess, even with the dilution, and hopefully Maquarie Bank has little to do with the cap raising or they would have too much control here I reckon.
 
On Watch list about 12 months ago. Got my feet wet about 6 months ago now happy to be swimming. Could get to Rotnest?:)
 
While stating that I was relatively new to shares the other day (property not so) I have some questions for the forum.
When NMS keeps going to the market, assuming holdon was right with the detail from the west, for additonal cash, is this good business practice? The following thoughts come to mind.
1. A business that keeps asking for cash from the market is in a vulnerable position because it basically demonstrates that their revenue stream is not flash.
2. Shouldn't "bolt on" acquisitions be consolidated onto the books and produce revenue to show a return on equity? Otherwise the deck of cards can look shakey - yes?
3. When most bigger companies take over smaller competitors their share price and expected revenues normally drop as a result of the costs of integration of the new busines into the existing one.

I know this forum is not for ramping and I assume by definition, the opposite of ramping. I'm not trying to either talk the SP up or down but I have wondered about the unseen costs of such an aggressive expansion program.

I'm on board for the NMS ride but I can't help but to keep casting a critical eye across the most recent events.

I read somewhere that the market is a bit like the Lord - it helps those who help themselves but doesn't forgive those who know not what they do.

Intrested in your thoughts - particularly baglimit.:confused:
 
Sounda said:
While stating that I was relatively new to shares the other day (property not so) I have some questions for the forum.
When NMS keeps going to the market, assuming holdon was right with the detail from the west, for additonal cash, is this good business practice? The following thoughts come to mind.
1. A business that keeps asking for cash from the market is in a vulnerable position because it basically demonstrates that their revenue stream is not flash.
2. Shouldn't "bolt on" acquisitions be consolidated onto the books and produce revenue to show a return on equity? Otherwise the deck of cards can look shakey - yes?
3. When most bigger companies take over smaller competitors their share price and expected revenues normally drop as a result of the costs of integration of the new busines into the existing one.

I know this forum is not for ramping and I assume by definition, the opposite of ramping. I'm not trying to either talk the SP up or down but I have wondered about the unseen costs of such an aggressive expansion program.

I'm on board for the NMS ride but I can't help but to keep casting a critical eye across the most recent events.

I read somewhere that the market is a bit like the Lord - it helps those who help themselves but doesn't forgive those who know not what they do.

Intrested in your thoughts - particularly baglimit.:confused:
Click to expand...

The one worry I have is we haven't had any chance to see how the integration of the previous 4 companies are going. Having said that, the acquisitions are all earning and successful in their own right, and retaining management, well, you'd expect them to be very happy with their own positions and willing to continue to make themselves richer. Nothing should be different with these 2 new companies.

This should leave no gaps now in what we can do, you'd expect NMS to be approaching contracts with a very competitive offering and winning them.

Still early days in the whole scheme of this growth plan, but I expect the numbers are going to be impressive if I am patient. ;)
 
:D Hi neppie share holders, Its great to be aboard the ship.
I think we are all on a good thing with neptune and we should all be happy with what we have and what we are going to get.
When the announcement is released it may go either way but short/long term I think our nest will be that little bit more comfortable. I have read other threads and like your comments.
New to this so go easy on the replies.
:D :D
 
:iagree:
If the anticipated capital raising is to fund earnings positive acquisitions, then I for one feel more comfortable with that than massive borrowings. Seems like a good strategy - bolt on immediate earnings. Agreed that it will put more paper on the market, but, if what Lange has said already about only paying a sensible price in terms of return on capital, it sounds good to me. Hope the ann. coming tomorrow as suggested.
 
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