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NMS - Neptune Marine Services

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Plasmapark said:
Sophie....Plonker is right....in fact, make that a double.
Regards the single stock article??
Thats something I've been doing for some years now.(NMS being my one holding right now)
I also note with some regret, the mention of Fortescue....I had a good sized holding that I VERY unfortunately offloaded last April at $8.00.
Made a killing then however, hindsight can be a very damning thing. :banghead:
Such is life.
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arent u a bit on edge holding only one stock...tho i guess if your research is sufficient then why not
 
Hi Guys
Just been having a read at the posts in this thread. In fact was very surprised to see there was a whole thread on NMS! I bought in about 5 mths ago at 80c ish, then again last week at 1.04. NMS is a company that I have very high hopes for... I have recently also bought some CBD, and BBW for the same reasons, but NMS... theres something in me vapours that tells me it will be a winner.
I have heard that the offshore wind farms out in the ocean in the North Sea? or Atlantic? are being planned.
Can anyone tell me if these have anything to do with NMS, or BBW? Will they have any fingers in the big pie?
I cant access any downloads from you guys supplied links on this thread.( Thats cause I have a crappy on-the-way-out computer that freezes up whenever asked to load up with memory). So PLEASE can you guys tell me why you like the stock?
For me, it was the patented technology, the possibility of coastal/deep sea engineering, and these wind /energy generators, and the rate of aquisition:newbie:
 
blossom said:
Hi Guys
Just been having a read at the posts in this thread. In fact was very surprised to see there was a whole thread on NMS! I bought in about 5 mths ago at 80c ish, then again last week at 1.04. NMS is a company that I have very high hopes for... I have recently also bought some CBD, and BBW for the same reasons, but NMS... theres something in me vapours that tells me it will be a winner.
I have heard that the offshore wind farms out in the ocean in the North Sea? or Atlantic? are being planned.
Can anyone tell me if these have anything to do with NMS, or BBW? Will they have any fingers in the big pie?
I cant access any downloads from you guys supplied links on this thread.( Thats cause I have a crappy on-the-way-out computer that freezes up whenever asked to load up with memory). So PLEASE can you guys tell me why you like the stock?
For me, it was the patented technology, the possibility of coastal/deep sea engineering, and these wind /energy generators, and the rate of aquisition:newbie:
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yeh im mainly in there cause i heard about the patented technology... i can see it going places in the medium term
 
SophieSweet said:
I only wanted to sell a few NMSO through Etrade and they still had them suspended till now?? Had to ring them to sort it out whilst missing out on buys at around $1 earlier, mongrels!!

On Ross Deeptech and their wind and water power generation, some people don't think it's a solution, see article. What a plonker!!

http://www.smh.com.au/news/environm...ey-mouse-energy/2007/12/14/1197568217651.html

Another article that may interest NMS shareholders is this theory of investing in one stock only, which this following article subscribes to. Food for thought when you have a stock as good as NMS, in my view.

http://www.smh.com.au/news/business...such-a-bad-idea/2007/10/12/1191696177133.html

Good to see the SP moving upward again. :cool:
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Sophie - timely to drop that link in to the article about holding one stock cause that's where I am at the moment - holding NMS and NMSO. I've been pondering this issue for a while now particularly during the recent sp plummet from $1.35 to $1.00 and then thinking "wow there goes a bit of the portfolio value" I reckon Buffet is right though - diversification is for those who aren't doing the work to keep themselves informed so grab a bit of diversification safety and cross the fingers. Not that I'm a guru, far from it, but I have a quiet confidence in NMS that says "dollar for dollar NMS represents good value imo so why would I not have my dollars invested where I believe the best returns will /should be delivered?"
The research has been the key for me and the invaluable information provided by posters in this forum. Still I could be wrong and this could all go south but atm I just can't see any major threats to the sp or the company. :D
Welcome Blossom - best advice I can give is to read the entire thread, follow the links and you should be in a position to make some decision.
Good Luck to All
 
OH and while I have the time - that was a timely post by budgie. Some good points made in that post and we should keep them in the fore front of our minds I think.
If I could add one further - what's the chances that when NMS does, and that may not be far away, become a "major pain in the ass" that we might get bought out by a bigger player before the full potential of NMS is realised?
Something like only 10% of Chands forecast that HBS loves to attach to his posts? Love the forecast HBS but predators always grab the young ones as they don't often see them coming.:D
 
Judging by what happens to the SP of take over targets, a rival bid for NMS could prove financially beneficial for holders.:cool:
 
Sounda said:
what's the chances that when NMS does, and that may not be far away, become a "major pain in the ass" that we might get bought out by a bigger player before the full potential of NMS is realised?

Love the forecast HBS but predators always grab the young ones as they don't often see them coming.:D
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some of the posters here, and others, have mulled over this possibility.

the conclusion...........dont buy NMS thinking it will be a takeover target.
that guy Lange, who is in charge, has a suitably substantial ego, loves being 'da main man' and knows where HE wants to take neppy, and is not gonna let schlumbugga or any like groups take away that dream.

besides, it would have to be one HELL OF A PREMIUM.
 
Interesting in the details of the SPP, it notes there are only 4909 shareholders at present. That's a fairly small number of shareholders, don't you think?

Anyway, I like it. Now to free up some cash to buy up some more NMS :D Pity it will take my average buy-in price up, but oh well.
 
one thing that caught my eye from the whole presentation...............

pg 35 - top right corner - picture called ''subsea completion'' - suggesting the future evolution of subsea O&G sees all infrastructure based underwater.

not a concept id considered previously - but clearly one lange is either considering himself, or the more likely, is being told is the future and to prepare for it.

very many big happy days ahead.
 
i could not believe yesterdays news didnt make any of the major newspapers - but goes to show how insignificant NMS still are......but they going in the right direction, and strongly, so one day...............

in the meantime, more good news for the O&G services sector.........

http://www.rigzone.com/news/article.asp?a_id=54051

Eye-Popping Chevron '08 Capex Signals Bullish Outlook
by Isabel Ordonez Dow Jones Newswires Friday, December 14, 2007


HOUSTON Dec 14, 2007 (Dow Jones Newswires)
While all the oil majors have been raising their capital budgets in recent years, the most dramatic mover has been Chevron Corp. (CVX), which spent $8.3 billion in 2004.

The California company last week announced it would spend $22.9 billion next year, up 15% from this year's level.

The increase, company officials note, reflects that Chevron has hit the spending phase of a multi-year campaign to build capacity. Chevron now has about 30 projects of $1 billion or more under development, whereas five years ago it had fewer than 10 that size. In 2008, Chevron expects major new production to come on line from the Gulf of Mexico, Nigeria and Kazakhstan that will enable the company to average 3% long-term annual production growth.
But Chevron's spending ramp-up - a more extreme version of an industry-wide trend - also is a sign of the company's comparatively bullish outlook for commodity prices, analysts said. That philosophy marks an extension of the outlook that led Chevron to spend $17.5 billion to acquire Unocal Corp. in 2005, when energy prices were above historic norms - but below today's levels.

While declining to disclose Chevron's long-term price assumptions, Chevron Chief Economist Edgard Habib expressed confidence in the second-largest U.S. oil company's ability to fund a 2008 capital budget that he concedes is "hefty." "I can tell you Chevron is confident of its ability to exercise this budget," Habib said Wednesday on the sidelines of a Houston energy conference. "There is a lot of confidence behind it."

Although energy companies are flush with cash amid a multi-year energy boom, cost-inflation has emerged as a major factor in the industry-wide push to add capacity. Expenses have skyrocketed on strong demand for the steel, equipment and laborers needed for the fields. Costs to produce oil and gas are up 67% since 2000, and 30% in the past year alone, according to consultant Cambridge Energy Research Associates.

Chevron's decision to keep its foot on the spending accelerator implies a lofty outlook for prices, analysts said. It is also a further sign of Big Oil's gradual tilt towards an emphasis on production growth, after a long era that preached capital discipline above all else.

"They think they can make up for increasing costs once they have the production going," said Daniel Katzenberg, an analyst at Oppenheimer & Co.

Shifting Continuum On Growth Vs Capital Discipline

Some analysts have expressed skepticism in the past about Chevron's long-term volume growth forecasts amid some delays to major projects in recent years. But the market essentially endorsed Chevron's capital spending announcement, bidding up shares in tandem with most oil stocks after the news was announced last Thursday. Credit Suisse, which has rolled its eyes at some prior growth forecasts by the company as it has boosted spending, characterized the budget as realistic.

"Chevron is pushing to make sure it can deliver upstream volume growth, and has decided to spend to make sure it happens," Credit Suisse analyst Mark Flannery said in a research note. "The previous level of spending was starting to look inadequate, as it is at many other upstream companies."

Chevron's aggressive spending is principally aimed at improving its production growth rate. Chevron's production for 2007 is expected to be flat or slightly down from the 2006 level, but Philip Weiss, an energy analyst at Argus Research in New York, said 2008 will mark a turning point for Chevron.

"We forecast that its production should start to meaningfully increase - approximately 6% year-over-year - allowing it to achieve its longer-term production growth target of more than 3%, even after lackluster growth in 2006 and 2007," Weiss wrote in a recent note to clients.

After more than three years of ever-stronger commodity prices, most leading energy companies are in healthy financial condition. In Chevron's case, the energy boom has translated into a debt-to-capital ratio of just 13% at the end of the third quarter, and its continued hold of a double-A credit rating - the second-best level - with major ratings agencies.

But Chevron, like its peers, faces persistent challenges with keeping major projects on schedule. In October, the company said its Tahiti oil field in the Gulf of Mexico would begin production by the third quarter of 2009, a 12-month delay from its original start date. Chevron has said the project will cost more due to the delay but hasn't said by how much, a company spokesman said.

Even though Chevron is smaller than Exxon Mobil Corp. (XOM) and BP PLC (BP), its 2008 capital budget of $22.9 billion is well above the level of either of those companies in recent years. The $22.9 billion budget also dwarfs that of U.S. No. 3 oil company ConocoPhillips (COP), which last week announced a 2008 capital program of $15.3 billion, a 13% increase from the 2007 level. In February, Royal Dutch Shell (RDSB) said it would spend $22 billion-$23 billion in 2007 compared with $21 billion in 2006.

To help manage its growth, Chevron recently reorganized its senior management structure, tapping John Watson as the new executive vice president of strategy and planning. Watson's duties will include overseeing the execution of major capital projects. Watson, who will report directly to Chief Executive David O'Reilly, is to start at the position in January.

"The move was designed to enhance relationships and project stewardship," said Chevron spokesman Don Campbell. "But it also reflected the growth of the company over the past 15 years."
 
Re - a NMS margin loan. I found only one company so far that does borrow for NMS, "leveraged equities". They will loan you 10k for 5k worth of NMS shares, so 50% or however it's explained. You can't use NMSO as security, reason being that they aren't liquid enough to be sold in the event they have to be. I was prepared to put up 300%, as i hold long term and them holding them or me, made no difference, but as i said it was the "liquidity" of NMSO that was the problem. Understandable i suppose. So I suppose best to convert a few, then borrow.

The international subprime problems look like they could still muck with the markets bigtime. As well as the potential for a chinese crash and then there could be something out of the blue happen. Point being that there may be some good opportunities to top up on NMS when and if one of these problems happen. Otherwise sit back and ride the wave!!:

A search on google for news on NMS yields more results now than before, three yesterday. eg-http://www.wabusinessnews.com.au/en-story/1/59456/Neptune-raises-61m-Sea-Struct-acquisition-on-track-

An interesting and good point was made on HC re vessel purchases, are they just for lugging the ROVs around, or are they large enough for construction jobs??

Do NMS have a limit on what funds are raised?? Would I be right in assumimg the instos will only be picking up the scraps after the shareholders get their 5k worth?? I would think alot of holders will go for this 5k. 2000 holders taking up 5k each =9.5million! I doubt the instos will get anywhere near as much as they want. Is that good? If there is only 4900 shareholders, it's interesting to note 1100 trades yesterday then!

Blossom- welcome! Listen to the boardroom radio presentations on NMS, valuable info. Also there has been some excellent detailed articles by major newsapers and magazines, all of which have been link in this thread, most still available, unless subscribe only.

:2twocents

there yah go!
 
at least the industry insiders will read about it, as the financial press have ignored it totally.

http://www.petroleumnews.net//storyview.asp?storyid=123037&sectionsource=f21210

Neptune moves to close Ross, Sea-Struct takeovers

Monday, December 17, 2007

SUBSEA engineering services specialist Neptune Marine Services is moving to complete its eighth acquisition of another specialist, mving to raise $84 million to fund takeovers of the UK's Ross Deeptech Inititatives and Western Australia's Sea-Struct.

Neptune has already rasied $61 million through issuing shares to institutional and sophisticated investors, and is now offering existing shareholders up to $5000 worth of new shares each in a shareholder purchase plan that could raise up to $23 million.

Meanwhile, Neptune has denied a media report suggesting its proposed acquisition of Fremantle-based Sea-Struct was unlikely to proceed.

Neptune pointed to an article in the West Australian newspaper on Thursday December 13 that said the acquisition may not proceed.

While the company said the report was incorrect, but it did concede that the settlement of the $17 million takeover would be delayed due to completing the legal diligence.

"Neptune wishes to clarify that the proposed acquisition of Sea-Struct, announced on October 1 remains on track," it said.

"The delay is purely legal and has not diluted the enthusiasm of the vendors of Sea-Struct to conclude the acquisition as soon as it is legally possible."

In the meantime, Neptune said it has continued to partner with Sea-Struct on several projects, having recently worked together on the Pohokura project and currently on the Kupe Project, both of which are in New Zealand.

"Together the businesses are also tendering on several projects in Australia and South East Asia," Neptune said.

"Sea-Struct's order book and commercial operations remain robust."

Once completed, this would be Neptune's seventh takeover in 20 months.

The Ross Deeptech Inititatives deal would be its eighth. Ross Deeptech manufactures specialist subsea and offshore oil and gas equipment.

It also provides support services for production, drilling, diving, construction and intervention projects in deepwater areas including the west of Shetland, Norway, Gulf of Mexico, West Africa, Canada, Egypt and Australia.

The company has a team of 95 staff operating in four locations throughout the UK.

Sea-Struct manufactures, supplies and installs pipeline and cable stabilisation protection and erosion control products for the subsea oil and gas sector and the broader marine services market.

Headquartered in Perth, Neptune currently has 350 staff, but is expected to soon add another 125 people.

The company has three divisions - Diving Services, Marine, and Engineering Services & Remote Systems - and an emerging global presence with operations in Australia, the US and soon Asia and the North Sea.
 
Hey wasn't it great to see Neptune not get caught up in the crazy "fire sale" today!:evilburn::couch
 
shaun lad, this will become, paraphrasing paul keating, the recession NMS holders had to have.

as the market shakes out the non-performing promises of the resources sector, and the low gain, average yield of most industrials, we shall find neppy is the shining light, with followers coming from everywhere to be part of it.

O&G services is a growth sector - the budgets of the O&G majors are set, they are bulging with cash to continue to do what they do best - find oil & sell it. its going to get harder & more expensive to do so, but they know that, and have budgetted accordingly.

and who helps them do that then...............??
 
Just one other thing....you're gonna need a cast iron will not to bale out when things start getting tough.
And believe me, they are going to get a lot tougher than right now. :2twocents
 
Someone asked recently how long do patents last. When I spoke to the company this morning I asked this question. In Australia and the US where they currently have patents approved they last 20 years from the date of application. The company said based on that the current approved patents dont expire until 2025. Sorry got excited and forgot to ask about the european patent.

Cheers.
 
Plasmapark said:
Just one other thing....you're gonna need a cast iron will not to bale out when things start getting tough.
And believe me, they are going to get a lot tougher than right now. :2twocents
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Plasmapark why do you believe things are going to get worse? Do you have research to back it up?:cautious:;)
I am starting to see some stocks pick up a little from the morning lows so it looks like there are plenty of buyers out ther who are going to play a major role in slowing this fall down.
:)
 
Huh???? Research to back it up????
Well no....I thought it would have been quite obvious to anyone thats been paying attention.
Sorry Bags....you're right of course. (as usual...:rolleyes:)
I promise never to poison this precious thread ever again....:D
 
86 trades at 10.40am, but only 132,000 shares traded. Would the instos have another way to get their fill of shares?? It's just hard to believe the huge amount of trades, compared to the actual volume, is it actually all individuals? I would like to know how many extra shareholders are listed above the 4900 as at 2jan08. The amount of trades last friday was 1109. Will we end up with a much larger raising than anticipated, due to instos somehow buying huge amounts of small parcels to then get 5k for each one. Is that possible???? Then more dilution!!! :eek:
 
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