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NMS - Neptune Marine Services

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Michael,
Yeah I have followed them since their inception, I bought in the float. Made a hefty profit on it's way down and bought a few more. The weld wasn't being commercialised successfully before with a couple of accountants, Harrison and Wolanski at the helm, it's a totally different story now with Lange. You should research it thoroughly, it's all there, you will easily see the difference. The company pre feb 06, pre Lange is nothing compared to now. Anyway! you be the judge, I am sitting pretty!
 
sitting pretty - huh - you aint seen anything yet.

patersons have released a new report on neppy - its too big to post here currently - be doing my best to edit it like last time.

back soon...............now rated ''spec buy'', finally lost the boring ''hold'' tag.
 
and while you wait longer (it aint easy ya know), here an excerpt from a NZ online article from last year about seastruct - good read.........
 

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Link works fine Son Of Bag Limit, no need to join, just downloaded. A good read and great to see the upgraded rating to "speculative buy". Looking forward to the AGM, should be very interesting and possibly packed with more positive information.

Lange has been aggressive with acquisitions, full steam ahead, so what about R&D?? I think the underwater NEPSYS drone, that can weld in deepwater, could be on the horizon. If so, it could be the path to megabucks of work for NMS. If you recall in a article i posted awhile back on a competitor and their underwater welding drone, it mentioned that being able to weld "deepsea" was harder than putting a man on the moon. Maybe it is with what they created, and maybe not for what NMS could be creating?? Also the competitor's drone seemed huge and probably would be very expensive, perhaps that drone was creating some sort of hyperbaric chamber around pipes, or wet welding, both of which wouldn't be as cheap and effective as the NMS one, perhaps??? I think the NEPSYS drone could be an incredibly huge boost to NMS, should it happen. I think it will, in time. It is a goal they want to reach as per the information on their website.

The methodology re merging all these new companies sounded good, according to Lange on BRR, the companies still operate individually, but work together on operations. I'd say Lange would have researched the best way to incorporate acquisitions, very thoroughly.

:
 
New announcement!! Very interesting. No mention of $$$$ or use of NEPSYS. But working inconjunction with US army corps!! Which establishes relationships that could lead to more work with US defense,ie the Navy. All good!!

Media Release 04 October 2007

Neptune expands into water sector with projects in the USA and Australia

Perth, Western Australia: Leading engineering services company Neptune Marine Services (ASX: NMS) today announced that it has secured new diving and maintenance related projects in the water sector in the United States and Australia.
Neptune’s United States business, US Underwater Services (USUS), has signed a master service agreement (MSA) with the Lower Colorado River Authority (LCRA) to provide commercial diving services for all LCRA projects in the central Texas Lakes. The project is for a 12 month period with a possible four year extension.
USUS has also been contracted to undertake underwater cleaning, debris removal and inspection of the stilling basin and intake trash tracks at the Harry Truman Dam, Warsaw, Missouri, for the US Army Corps of Engineers. The project is expected to take 30-36 days.
In Australia the Diving Services division continues to secure ongoing work with WA Water Corporation. The business has been contracted to provide further diving work to support the refurbishment of the Stirling Dam upgrade project in conjunction with McMahon Construction. The Diving Services division has also recently undertaken diving and support services to assist with the Mundaring Weir upgrade, involving the drilling of concrete core samples in the 100 year old wall.
Neptune’s Managing Director and CEO Christian Lange said while the group’s primary focus remains focused on the offshore oil & gas sector, expanding its diving and IRM services in the water sector is a logical step.
“These are excellent projects for Neptune to secure in terms of the scope of works, the sector opportunities and the customer partnerships. We are particularly pleased to be partnering on a project with such a prestigious customer as the US Army Corps of Engineers. It gives us a platform to secure further projects from relevant US government departments in the future.
“It makes sense for Neptune to build its presence in the water services sector, and it is a logical market for our Diving Services division. There is a large market in providing diving and IRM services for dams, weirs, reservoirs and other relevant water related sites, and Neptune is continuing to source other opportunities.
“The oil & gas market remains our primary and most lucrative market, but we will also target sectors where we have the skills and capabilities to build further revenue streams for Neptune,” Mr. Lange said.
 

As always, lange makes the NMS holders suffer longer than required by not showing $$$ - oh we are suffering so so much - NOT lol. Await the quarterlies as always.
All thats gonna do is make the traders cry when they realised they sold a monty.

that LCRA thing needs googling - back soon on that.

On the US Army thing....just drawing a long bow here.....when the democrats take back power in 09, i can see Halliburton getting very little govt work, considering the kerfuffle over Iraq contracts and Chaney's links to them. I wonder how much might come other providers way.

Good to see the WA Water back on the radar - water conservation being so big on the priority at the moment.
 
The rapid and continuing expansion of NMS is really only restricted by its capacity to keep growing / integrating and the total amount of suitable work type, not by competition for any of the type of work where they are better/cheaper.

It only has competition in circumstances where the cost differential is not significant due to the nature, size and extent of the job, its urgency, or perhaps where their competitors shave their margins to compete. The margins in the industry are high, so there must be some scope for this.

Maybe the opposition will have to start offering a 20% "neppy discount" at the negotiating table. Maybe that is one of the things Lange means when he referred to becoming a "pain in the ****" to his competitors.

Another benefit of having Nepsys is in helping make it so attractive to its acquisition targets which so far appear to be the cream of the crop. The quality of these acquisitions further strengthen NMS capacity, reputation and availability and further enhance its attractiveness for any other targets it wants to acquire.

Looking at the reverse, the only reasons no one big has tried to take it over (yet) is that it has not significantly impeded their own work (yet), NMS is still relatively small and there is plenty of work to go around, there is still a chance NMS might balls it up, combined with the fact the big players probably figure they can still afford to take it over when it is bigger and more successful.

Looking forward to the new chapters in 08/09/10.
 
for future consideration......where will NMS be at this time ??

Woodside Petroleum to host DOT in 2008

Offshore staff

STAVANGER, Norway – Woodside Petroleum Ltd. has agreed to host the Deep Offshore Technology International Conference & Exhibit in Perth, Australia, Dec. 3-5, 2008.

"We are extremely pleased to bring DOT to Perth next year as we continue to bring DOT to the top deepwater centers of the world," said John Royall, vice president and group publisher of the Offshore Group of Pennwell Corp. in making the announcement today.

"Our relationship with Woodside will assure participants and exhibitors valuable insight into one of the world's newest and most important offshore exploration and production markets while providing a worldwide platform for information exchange among exhibitors and suppliers who must face the challenges and opportunities of drilling and producing in deeper waters."

DOT is a semi-annual international event organized into three technical tracts to discuss offshore oil exploration, drilling, and production. DOT also will be held in Houston on Feb. 12-14, 2008.
 
maybe something we can look forward too......
or do they even fit lange's expansion plans for the north sea !!!

SubOcean plans to double size in 2 years

SCOTT REID

A FLEDGLING sub-sea installation specialist is aiming to double in size within two years after flagging annual turnover of £17 million.

Aberdeen-based SubOcean Group, formed in 2005, said it had seen turnover more than double in the past six months and was on track to achieve the £17m target at the end of this year.

With 40 people now employed onshore and a personnel supply workforce of 150 offshore, the firm is aiming to double the business again in the next 24 months.

SubOcean's expansion comes amid a buoyant energy services industry, as oil and gas explorers are being forced to search further afield and invest more to find new reserves.

Recent contract wins in the offshore wind renewables market and major overseas deals have also contributed to SubOcean's growth, the firm added.

Director Mike Daniel said the company had just completed its first US contract, for Horizon Offshore, to help deliver an offshore gas loading system in Boston.

The Scots firm will assist in trenching a pipeline - allowing tankers to pump gas without entering the city's harbour.

"We have demonstrated how we can recommission and modify existing kit such as pipeline ploughs so that the trenching on the seabed can be carried out remotely," noted Daniel. "Essentially we have transferred our experience gleaned in the North Sea for use on this project."

As well as supplying offshore management personnel, divers and subsea equipment operators, the group hires out specialist equipment to major contractors.

This article: http://business.scotsman.com/utilities.cfm?id=1542242007
 
Hey guys,

I am new to shares, I am more of a buy and hold type rather than trading. I have a majority of bluechips in my portfolio spread over a multitude of sectors. Anyway I am hoping to jump in on the NMS bandwagon for the long run.

I am just trying to decide when to jump in. I have watched this like a hawk for the past two days and the price seems to have hovered around .890 and .90. I was thinking of jumping in at anything below .860. Unless of course there are upcomming announcements.
 
hey sley - if you have read this thread thru youll see most of us see it having the brightest of future, which means irrelevant of when you get on, you'll be pleased.
if you think they are right for you and your long term plans, dont hesitate, just do it.
if you do hesitate, and they go to $1.20 for example, you've missed a substantial part of your potential holding.
if you buy now, at 89c, and they drop to say 86c, how much have you really missed.
let the traders worry about margins - you be more concerned with what you'll buy yourself with the substantial profits.

AGM in 4 weeks - that will be the deadline i'd say.
 
check the 5th para - $41B subsea spend

Deepwater oil, gas set for long-term growth

Judy Maksoud
International Editor

STAVANGER, Norway -- Deepwater oil and gas will continue to be a long-term growth sector. John Westwood, president of Douglas-Westwood, made this pronouncement at the closing session of the Deep Offshore Technology Conference and Exhibition in Stavanger, Norway, on Friday, Oct. 12.

Westwood began his talk with an assessment of supply and the growing need for hydrocarbons. "Population growth across the world is driving oil demand," Westwood said. Since the late 1960s, oil demand has increased by 268% and gas by 435%. Oil prices are high, he said, and production is declining. "It is the developing world that is driving this growth." The oil crunch that is predicted over the next five years could push demand to 95.8 MMb/d by 2012. "We are now about to enter a new era of deficit," Westwood said. "Where the oil will come from, I don't know."

Today and for the foreseeable future, "The serious prospects are in deepwater," Westwood said. This news is not good news for the North Sea, which Westwood says is "going down the ski slope of production decline." Opportunities for growth in Norway exist, "but they are in extreme conditions."

Westwood predicts that Russia might well be a major source of hydrocarbons going forward. "St. Petersburg was the first Russian Revolution," Westwood said, "Gazprom is the second." With approximately 16% of the world's gas reserves, Gazprom is a giant aware of its power, he said.

The long-term growth for the industry is assured according to Westwood, who predicted capex/opex growth will reach $270 billion by 2012. Subsea spending will reach $41 billion between 2007 and 2011, a 25% growth, Westwood said. West Africa will lead in subsea growth, with a large amount of the expenditure going to Southeast Asia.

One limiting factor for exploration and production, Westwood said, is the shortfall in rigs, particularly 5th and 6th generation semisubmersibles. Although 25 new floaters will become available in the next few years, the rigs alone will not fill the need because a second critical limitation is personnel. Westwood estimates that as many as 20,000 people will be needed to man the new rigs.

Westwood discussed the role that will be played by new frontiers, made up primarily of arctic areas, which hold 160-300 Bboe in reserves. Because the artic is not under the jurisdiction of any individual nation, the move toward arctic exploration has set in motion what Westwood called, "the great deepwater land grab."

Although Canada, the US, Norway, Denmark, and Russia have some claim to the arctic region, Westwood predicts that when the dust settles, Russia will control 60% of the acreage. And the Russians will need partners. Development will require "huge investments" and will present "huge challenges," Westwood said.

"The arctic and deepwater are the world's greatest offshore challenge," Westwood concluded. "Enjoy it!"
 
son of baglimit said:
hey sley - AGM in 4 weeks - that will be the deadline i'd say.
Click to expand...

I agree, the spruik can't be too far off starting pre AGM. September quarter results aren't far away either. I've been absorbing a few more at this level recently and I don't see it dropping much more, but volume is light and you might get lucky.

Why not get part of what your after and see if you do get lucky at .86
 

Spruik on with AFR article today and announcement now confirming North Sea Growth Strategy....company in advanced negotiations with a subsea service provider in the North Sea region...

Still think it will make it back to .86?
 
Bought some at $.91 before it jumped up to .955 at the moment. I'll be holding this one for a long time!
 
timely - is that the word im looking for ?

well done sley - welcome aboard - and please, contribute anything you find out.
 
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