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NMS - Neptune Marine Services

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Hey everyone... whats the latest announcement to the ASX about?
Directors change of interest... Ross Kennan buying 37,000 of NMS shares. $42,866.40 That seems to be about $1.15 a share.

Is this a good thing? a bad thing? or just a thing?Thought that they were going to be offered at 95 cents soon?
 

He's taken a position, and no doubt is going to subscribe to the maximum SPP to increase that position. Shows confidence in where this is going long term.

No doubt this SPP is going to be heavily subscribed, so many small trades since the announcement. NMS will no doubt be going into 2008 with a full wallet to continue making their $ work for them(us).
 
Just a question on this SPP. If you own shares separately in eg individual, company, SMSF, I guess you get an entitlement of $5000 in each (is that right?). What is the minimum number of shares in each one one needs to own to take up the SPP offer of $5000 per application? I just found "all eligible shareholders at record date".....what is the definition of eligible? Thankyou in advance!
 
grace - no minimum has ever been mentioned, so the assumption is it is 1 share. and yes, each separate holding is eligible for the $5k worth.

sophie - what lange was referring too - who knows ? - all i know is i dont see any recession/debt crisis/sub prime issues effecting neppy at all - looks like they just go to the market for cash in the interim anyway. also look at a post started by julia today, about a 2007 summary by fnarena. talked about the market plunges this year, which were reversed on certain stocks when realisation hit there was no correlation with the initial cause....ie WOR.
 
Fair enough Son of Baglimit. Re WOR, on the 20th dec a contract announcement was made that they will be running the Pluto project, the 11.2billion one. That is worth around 350million to them. So soon more contracts should be awarded for that, hopefully a little for NMS, considering Agostini's past.

Also on WOR, a little I read, as of around feb last year they were hiring engineers at the rate of 350 a month, for the previous 18months. No wonder NMS are using the initiative of hiring engineering students. I know they are worldwide, but still, i bet there must be a real shortage of them. I think NMS would be rather an attractive group to join, getting in on the groundfloor. Also a quick look at the acquisitions of WOR, they dont' seem to stop, and diversifying at a rate of knots. Thankfully NMS have the superduper weld and are branching out where WOR havent yet, like the wind/wave power, ROV's and underwater surveying. Lets hope they continue to add on as many acquisitions as quickly possible and expand globally real quick.

As for the purchase of shares by the director, it hardly seems noteworthy, 37,000?? Really!! wow! I think they should and could all be doing a lot better than that, considering the apparent air of confidence ooozing at the AGM.

Also, someone should do an email to correct that listing you mention on HC.
 
SophieSweet said:
As for the purchase of shares by the director, it hardly seems noteworthy, 37,000?? Really!! wow! I think they should and could all be doing a lot better than that, considering the apparent air of confidence ooozing at the AGM.
Click to expand...


http://www.neptunems.com/pdfs/Dealing Rules for Employees and Directors.pdf

dare i say the directors & employees are constantly aware of developments not yet released to the market, and therefore the opportunity to 'trade' must be rare lol.
 
There's always coincidence, ask Martha Stewart?!? Seriously though, I would expect more purchases than that 37,000. i suppose it does say that NMS are a good thing long term then and that's it. Maybe all their wives are loaded to the eyeballs with shares and their kids???? I definitely will be buying alot more than that shortly, and I'm not a director?!?!? Just an NMS tragic, hopefully a rich one, one day??? or homeless.....
 
OK.. so please tell me, have all you guys been issued with your NMS SPP (security purchase offer) forms yet?
I cant seem to find any on the mountainous pile on my desk. Do I remember them coming in? I seem to get SO many SPP offers from other compnies.. that maybe I am confused.

Re Sophie Sweets- quote "Just an NMS tragic, hopefully a rich one, one day??? or homeless..... "
Click to expand...

What the heck is is about NMS that seems to do that to us. Hope? Longing? Childhood tales of ancient Mariners on the high seas? I got into Neppie
at 91c, then again at $1.04.
I want want more... but am running so squeezy on my margin loan... especailly since Neppie doesnt provide equity to reborrow on. Any more rate rises, or market shocks with the rest of my portfolio and we could be eating grass! (I know they are in accumulation/growth phase, but anyone know of a vague timeframe when they look like offering a div?)
 
The cut-off for SPP eligibility is January 2 from memory. So the NMS seceretary won't be stuffing the envelopes until after that date. I'd guess we'd have the form in the mail some time next week at the earliest.
 
thanks arae
Having a senior moment me thinks. I shall stop searching and have a drink.
cheers!
 

Leveraged Equities do loan against NMS, see the table on the following link-
http://www.leveraged.com.au/public/interest/index.asp?sect=len

As for dividends, I think the gains to be made on the SP would far outway the dividends. NMS will be ploughing all spare cash into acquisitions and growth for quite sometime yet, possibly a few years. I think they have to spend up huge on acquiring equipment and employing staff, otherwise they wont be able deliver "the weld of the future" to the likes of BP, Apache, Shell, Ampol, etc And when you consider that a NMS weld is apparently about 50% profit to NMS, as mentioned by Lange, and about 20% the cost of hyperbaric welds(at least), I think it wont take long till they are in the 100's of millions in profits, as long as they have the workforce in place asap. It's no good having the great weld unless you can deliver it when and where it is needed- consistantly. I'm doing my scuba course soon and just bought a Black and Decker welding machine, just in case they get shortstaffed.
 
DIVS????

u r funny blossom.

dont expect any divs during this growth phase, or at least nothing above a token gesture to get the oppies holders to exercise.
every cent is being spent to grow this business into a monolith.....to reach langes aim of being a pain in the @rse.
 

Remember, there are old divers and there are bold divers but there aint no old bold divers, and always hold your breath on the way up--oh, and keep that arc in tight!!!
 
Ok guys... thanks for all the info... and I will only expect growth then.. no Divvies in my lifetime! ( I should expect growth... lots I hope?)

Just looking at my margin lendings "aproved stock list" and NMS isnt on there. I do the NAB. Its who I sold my soul to.
 
anyone wanna guess how this affects a company offering a superior service at lower costs ??????

Shell Plans Multi-Pronged Reorganization for 2008
by Benoit Faucon Dow Jones Newswires Monday, December 31, 2007


LONDON, Dec 31, 2007 (Dow Jones Newswires)
Royal Dutch Shell PLC (RDSB.LN) in 2008 is due to finalize elements of a multi-pronged reorganization, paralleling a similar move by its rival BP PLC (BP), as the side effects of sky high oil prices challenge oil majors' profits instead of boosting them.

The changes include outsourcing 3,000 computing staff, cuts to finance positions, reshaping expatriates' packages and a restructuring in its Nigeria ventures, according to announcements and company insiders.

Despite oil prices flirting with $100 a barrel, the majority of oil majors reported year-on-year profit declines for the third quarter.

Anglo-Dutch oil major Shell looked like a rare exception with headline third-quarter net earnings up 16.4%. But the figure concealed a 12.8% drop in profits excluding inventories and one-off items, which analysts consider a better reflection of the company's financial performance.

Oil prices, once a key contributor to the earnings growth at oil majors, are hurting refining margins, driving industry-wide cost inflation but also encouraging governments to seek better terms for their contracts - at the expense of majors.

As a result, some companies are looking at measures to cut headcounts, similar to those undertaken in the 1990s, despite the oil price now trading nearly 10 times higher.

In October, BP unveiled wide-spread restructuring after a series of U.S. operational problems added to the profitability challenge the rest of the industry faces.

Shell has made no such announcement, but with little fanfare, it has taken steps to reduce its group-wide costs by $500 million a year.

A Shell manager - who declined to be named - said that, though a reserves scandal led to top management reshuffle in 2004, it left the lower ranks largely unscathed.

This is about to change. On top of billions of dollars worth of divestments of less profitable assets, it intends to transfer "close to 3,000 positions" of its information technology staff to outsourcing companies, according to a Shell newsletter obtained by "Royaldutchshellplc.com" - a Web site critical of the company.
 
And another thing about that article Son Of the Baglimit, it could be interpreted as more opportunities for NMS, as their service is dramatically cheaper, especially in the current climate of needing to cut costs, in comes NEPSYS to save the day and the HUGE $$$$$$. I think jobs for the boys and so on, don't count, you need the quality job for the best cost, gotta satisfy those pesky shareholders. I bet you didn't think of that?!?!

Actually the major o&g could be beating down the door to get NMS doing welds where required. You'd think that would be a given. As I said in an earlier post, I bet it's having the staff and equipment available, that is the issue.

Luckily I'm locked and loaded with a margin loan, 2008, here we come- yahoo, woohoo and so on.
 
Hi Sophie,
would it be possible for you to detail the structure and general info on your margin loan? It's something I have thought of but as yet have not delved too far into.
 
shaunm said:
Hi Sophie,
would it be possible for you to detail the structure and general info on your margin loan? It's something I have thought of but as yet have not delved too far into.
Click to expand...

Shaunm,
I have the margin loan account setup. I have just sold some NMSO, to then convert to NMS. With the margin loan, you have to use NMS as security, they wont take NMSO, as NMSO aren't liquid enough. So if you have NMS already, 1st find a lender that loans against NMS, the one I found does NMS at 50%, so you open an account and then give the lender 50% of what you borrow, in NMS shares. eg- shares valued at $1 each, so you give 50,000 NMS shares as security, which = $50,000. Then you can borrow $100,000 to buy more NMS. The interest is charged, around 10%, is tax deductable, so you effectively get the money for nothing, if you make a profit. Obviously you want to hold for longer than 12months for better tax rates. Each company is individually rated, you have to check with the lender, 1st whether they lend against NMS, as most don't. Then see how much they require as security. And from what I can gather, the share price has to drop quite significantly, for the lender to then sell some of the shares, to regain their dollars, in the event of the company going RS. I used

http://www.leveraged.com.au/public/interest/index.asp?sect=len

Anyway, it's something like that!?!? Maybe others can explain better or correct parts that i haven't explained well or correctly. Obviously i am no financial adviser. Isn't that right SOB??
 
Hi guys. This is my first post.

Been reading this forum for a few months now and finally decided its time to get on board. It will be great to hear from fellow holders and hopefully have some input.

I've been holding NMS for a while now and am really excited about the year ahead. Can't wait to top up on the SPP hopefully later this week !!!

Good trading to all in the NEW YEAR.

GO NMS

Cheers:bier:
 
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