Australian (ASX) Stock Market Forum

NMS - Neptune Marine Services

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Sir SOB - Just arrived home to post the latest find from the Weekend Australian re. NMS on this thread only to find that it has already been done. Might have known nothing would get past you! Anyway - keep up the good work!
 
blame my kids who force me to start each day with the cereal and the papers from 6am.

i loved the fact someone has finally called the O&G services sector as their one to watch for 2008, then highlights NMS and only 1 other.

pity its only the australian - i want that sort of thing in the daily mass reader rags in melb & syd.....herald sun, daily telegaph etc.
 
Would anyone be kind enough to suggest same O&G engineering companies that may be worth having a look at?:)
 
these are the companies in the energy sector (XEJ), including O&G services.........WOR Worley Parsons probably the best known and biggest in aust.

AED
AOE
AWE
BPT
CEY
CTX
ERA
NXS
ORG
OSH
PDN
QGC
ROC
SRL
STO
WOR
WPL
 
joelc said:
I know this might be a little off topic but it seems that the ASX does question a share price heading south and an increase in volume. The example being today's 'price and volume query' response by AIM.
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Hey joelc,
I agree with you regards ASX looking at drops in SP's however, the operative words in what you say are "and an increase in volume".
If a company want to manipulate their SP, they do it in small parcels, so as not to raise the ire of the "Old boys network".
 
Plasmapark said:
Hey joelc,
I agree with you regards ASX looking at drops in SP's however, the operative words in what you say are "and an increase in volume".
If a company want to manipulate their SP, they do it in small parcels, so as not to raise the ire of the "Old boys network".
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presicsely plasma - so many of these trades, dropping the SP by 0.5 or 1c at a time, are under 1000 shares - been as low as 50-ish. In turn, the lemmings who ONLY look at price, follow suit and down goes the price piece by piece......they will never learn.
 
NMS just gone into Trading halt! Bring it on...
Wonder what it is this time. Hope the buying I did on Friday will now be rewarded!
 
It ain't rocket science.

Placement to pay for recent acquisitions.

Only question is how much are they raising??
 
Woywoy. I still do not see the reason for a trading halt for a Placement. Surely all the ts are crossed and i s dotted first. Might there be something else?
 
it does appear there are folk going thru the bins outside neppys offices looking for clues into what this raising will be - $60m+ and a SPP being mentioned.

the sums make it they'll have up to $20m left over (plus the cashflow generating now) to spend on further needs (ROV's etc).

if the scavengers come up with any other goodies i shall let ya know.

and NMS get a mention in todays AFR - might go for a stroll to the corner store this morning.
 
AFR item - Investors dive in to back Neptune

"Given some observers like to call Perth-based Neptune Marine Services "Worley Parsons in a wetsuit", it's no wonder the underwater maintenance company appeared to be having little trouble raising circa $60 million in new equity yesterday via house broker Patersons Securities, at 90c a share.

Neptune, which last raised money in May at 60c, was in a trading halt yesterday, seeking to raise the funds to help fund two recent acquisitions, Sea-Struct and Aberdeen-based Ross Deeptech. The latter acquisition, for $25 million, was announced in October as Neptune looked to grow its presence in the North Sea marine services market.

The raising has also resulted in Neptune putting a little more flesh around its earning forecasts, confirming it is airming to deliver earnings per share of 6c to 7c, rising to 7.5c to 8.5c a share in the 2009 financial year.

Neptune, which also has diving and maintenance services operations in the US via is US Underwater Services business, is run by Chriatian Lange, a former executive at Texan-based global oilfied servies group Schlumberger."
 
NMS holders - just have to love the "Worley Parsons in a wetsuit" comment and couple this with the "weld of choice" (still to be confirmed I think?) BP comments and things are looking decidedly good.

Whatever the announcement the odds of it being another forward step for NMS given Langes past record are good.

Have spent some time reviewing posts in the HC forum and to the credit of the moderators here this forum provides the best information imo!!

Glad I topped up last week - Sophie u still around?:D
 
Hey Sir SOB is there a comparison here between ANG and NMS? ANG invented a new welding system that could weld 12kgs per hour at 90% accuracy compared to 50% accuracy and 2kgs per hour by a skilled tradesman? Weld was above the sea level though!

I note by comparison that ANG is at $3.76 today. I know it's not kocha to post about another share on the NMS thread but I thought the comparison was worthy of discussion particularly as ANG has been built around acquisitions and the growth pattern appears similar to NMS.

Just for interest sakes ANG was $0.65 last December.:)
 
sorry sounda - dont know them, never looked at them, dont have time anyway.

too busy soaking up the possibilities coming tomorrow with the halt lifted.
 
Hey Baggy it's Austin egineering. As you know I'm a big NMS fan but I think that looking at something like ANG does us no harm. It's without a doubt that you are a big NMS fan, as am I, nonetheless, think that a company like ANG (and I'm not a holder in ANG) provides a preview into the future of NMS - in some ways.
Interested in your thoughts!!:D
 
alba said:
Woywoy. I still do not see the reason for a trading halt for a Placement. Surely all the ts are crossed and i s dotted first. Might there be something else?
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Alba,

It is not normal for a company to be trading while they are organising a capital raising.

We know they are organising a placement, even though they haven't announced that, but you don't have to be Einstein to work out that is what they are doing. The fact is, we don't know how much, and we don't know if there is anything else attached, we don't know who is getting the placement and we don't know if shareholders will have a chance to participate.

If the company was trading when the market was not fully informed of these activities, then I have a strong feeling they would be in breach of listing rules, and hence the trading halt.

It is most unfortunate that news of this was apparent prior to it being announced, as it gave the big boys a chance to drive the price down and force the placement price below a dollar, but if we plebs get the chance to participate, that won't be a bad thing!!
 
Any ideas why NMS would have gone into suspension when I thought they were to come out of trading halt today after the capital raising?
 
Maybe taking longer than expected to organise capital raising. Can only be in a trading halt for 2 days so they then become suspended. Nothing sinister in it.

Cheers
 
It'll be interesting to see what the rights issue will pan out at.
From memory, the last one was 60c....seriously doubt this one will be less than $1.00.
Probably the same old 1 for 20 as well.
Oh well....it all adds up.....:D
 
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