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NMS - Neptune Marine Services

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Can anyone tell why all the small parcel buyers are now selling? I have tried to work out the rationale but it does not make sense to me. Most would have paid more for them than what they are selling them for!
 
245 trades in about 30minutes and only 450,000 shares traded. Obviously really, really clever people looking for a quick buck on the SPP. Suppose they don't have to be on the registry after today to get the 95centers. I think they are wasting their time and effort, pointless.:banghead:
 
So I guess that the chances of the share price heading remotely north are slim until after the SPP is fully filled:( Dayyum.
 
SophieSweet said:
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??
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Thanks for the info. This is something worth considering for me as NMS is the stock in my portfolio that I have the greatest faith in.;)
 
reg9400 said:
Can anyone tell why all the small parcel buyers are now selling? I have tried to work out the rationale but it does not make sense to me. Most would have paid more for them than what they are selling them for!
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Reg,
What I did was buy 470 @ 1.10 NMS to reach the $500 dollar minimum that I can trade with etrade, I then immediately sold 460 and kept 10 so I was entitled to the 5000 SPP. I wanted to top up my NMS holding as I only have oppies.
 
SophieSweet said:
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??
Click to expand...

Sophie,

Is it that if you have 50000 NMS shares that you would be able to leverage a further 25000 NMS. Leverage 50% of your holding. As the majors such as BHP you would be able to leverage up to 75% of your holding?? Sorry folks, probably doesn't belong in this thread.

However looking forward to Neptune bringing in some contracts in the near future to start the upward pressure on the sp.
 
Santoro said:
Reg,
What I did was buy 470 @ 1.10 NMS to reach the $500 dollar minimum that I can trade with etrade, I then immediately sold 460 and kept 10 so I was entitled to the 5000 SPP. I wanted to top up my NMS holding as I only have oppies.
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Can you explain what the SPP?

Is it the special share price people can subscribe to for NMS @ 1.00 ?
I don't fully understand. Will this lead to a retrace after being completed?
Does this SPP have a closing date? Thanks :eek:
 
Santoro said:
Is it that if you have 50000 NMS shares that you would be able to leverage a further 25000 NMS. Leverage 50% of your holding. As the majors such as BHP you would be able to leverage up to 75% of your holding?? Sorry folks, probably doesn't belong in this thread.
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Santoro,
I'm definitely no expert, and in fact have been given incorrect information by major lenders, so don't take my information as gospel. I had a margin loan a few years ago, they can be very lucrative.In the coming week or so, i will be crystal clear on how it works with NMS and "Leveraged Equities" . I'm sending a cheque tomorrow to convert some oppies and once they are FP shares I will do immediately. It doesn't look like there is any rush, but you never know? Maybe nothing will happen till feb, when the new shares are issued. anyway!!

I didn't think the margin loan was based on amount of shares, but amount of dollars. I thought you give them the equivalent amount in shares, to equal the dollar amount you require eg-

50,000 NMS shares at $1.10 = $55,000

So once you give that up as security, you could borrow $110,000.

That being 50% for their rating on NMS.

As I said, I think thats' how it works. Regardless, I will be doing it anyway, as it wouldn't be much difference. That make sense, anyone???:confused:

JTLP- The SPP- Share Purchase Plan. You had to be on the share register by today to qualify. If you were, you could get $5,000 worth of NMS at 95c each. These will be issued around 7feb. Whether the price goes up or down before now and then depends on all the usual market factors. Most feel NMS is set for great things, so to see the price fall down to below or near 95c is not anticipated, but then again the current market jitters could effect NMS. But if you are informed about NMS previous situation, like Bp and Apache jobs and previous capital raising, everything appears very good. Hope that helps.
good luck!
 
Can you explain what the SPP?

Is it the special share price people can subscribe to for NMS @ 1.00 ?
I don't fully understand. Will this lead to a retrace after being completed?
Does this SPP have a closing date? Thanks
Click to expand...

JTLP - SPP is the share price placement available for $0.95. It was only open to those holding NMS shares at the cut-off date, which from memory was either yesterday or today. NMS share holders can purchase up to $5000 worth of extra shares at the fixed price of $0.95. If you are eligible you'll receive an application form in the mail some time over the next week or so.

My take on share price movement in the short term is it will do one of two things;

a) hover around the current level, possibly dipping slightly toward $1 as those with a lack of foresight cash in their $0.95 shares for a 5-10% return.

b) NMS release some positive news on new acquisitions around the time of the SPP. In which case I would imagine the share price would move close toward it's previous highs.

As with most other posters here, I'm in for the long haul.

Any other views?
 
Santoro, I understand the oppie holders want to get their $5k worth by buying a $500 parcel, I just don't understand why you would bother selling the $500 parcel and incur extra brokerage fees.

arae, The December Qtrly will be released before the new allocation is available to trade, the anticipation of a strong result should keep the price solid.
 
busy room today - well done folks.

consider this......lange, surprising some of us, announces an SPP with about a week to get on board before it closed....price at the time of ann, about $1.15........SPP issue at 95c.
knowing full well that the SPP will be a raging success, as long as there is a decent incentive for holders (more than current) lange provides the good news we are wanting, not just to improve NMS price at that time, but also guarantee as many as possible will take part, requesting the full allocation, raising anywhere between $25-$50m.
in the current climate of credit crunch/no debt market, lange knows this is the best way to raise cash for future growth.
and so consider that for the foreseeable future, lange sees placements, SPP's & rights issues as the best and/or only answer to raise cash in difficult financial markets.
yes dilution is possible if purchasing companies that are not immediately EPS positive (which hasnt happened yet), but if scale is as important in this industry as lange described on brr, then its the only way.

yes a positive scenario, and certainly my favoured one right now.

sophie - when its time to sell those NMSO on market, call me, i'm happy to take them from you lol.
 
son of baglimit said:
sophie - when its time to sell those NMSO on market, call me, i'm happy to take them from you lol.
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Apart from feathering my nest a little and the odd trip, I wont be selling any for a long, long time and i think loading up on a few more with the margin loan should ensure all needs are met and future secured. I can't wait to see what develops come feb, I have a strong feeling that "this thing of ours" will snowball bigtime. Like Lange said once before " they haven't even scratched the surface". He is always very conservative and supposedly not forthcoming with all the information some holders want, but there has been so many suggestions and the air of cockiness, the pain in the ass comments, the locked and loaded, from the weld of the future report, and I could go on and on. I feel very certain about this company, the only thing that worries me is the timing, meaning all the talk of possible recessions etc. The world seems to be in uncharted territories with globalisation, I only hope the people that pull the strings can control the show well. NMS is certainly in one of the best market sectors from what I can gather, if there are problems. :2twocents

So you are still buying more SOB??? I would have thought you'd have squeezed all your available funds into it by now. :D
 
theres always a way sophie.

now ive started this scam where i claim to be a nigerian royal who wants to leave the country but the only way to take my vast fortune as well is to con dumb folks into giving me cash to bribe govt officials...and they keep falling for it.

funnily enough, most of the cash comes from repeat idiots who need to pay their margin loans on centro & rams.
 
Hope all posters got off to a good new year - Sir SOB, Sophie, JT, HBS, Baussie etc...
A few new posters which is great looks like a few more have jumped on board the good ship Neppy. A sign of a growing shareholder base perhaps?
Couldn't help myself today and had another little top up today at $1.025 just seemed like a good opportunity. Keep raising me friggin buying average but oh well. Was looking for some more oppies but the opportunities seem limited there.
I'm thinking that the spp will be a winner for Lange he certainly seems to be filling the cash tank for something special.
Roll on February:D
 
Posters

Someone spent all day feeding shares to the nibblers at $1.03 - what's that all about? Nothing perhaps?

I'm off to the beach - spent to many hours watching the depth screen - ahh holidays are very nice indeed.:)
 
Sounda said:
Posters

Someone spent all day feeding shares to the nibblers at $1.03 - what's that all about? Nothing perhaps?

I'm off to the beach - spent to many hours watching the depth screen - ahh holidays are very nice indeed.:)
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Half your luck...some of us are stuck at work.:mad:

Was a strange days trading. I couldn't work out what was going on either. Anyone have any ideas ???
 
I just have a quick question,if the cut off date for the SPP was the 02/01/2008(as per NMS announcement 14/12/2007)why haven't the shares been shown as XE since that date?
 
SBS said:
I just have a quick question,if the cut off date for the SPP was the 02/01/2008(as per NMS announcement 14/12/2007)why haven't the shares been shown as XE since that date?
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SBS, I had no idea what you were referring to, but looked on the ASX site and saw the definition, which is-

XE ex entitlement
XE first displays for a security from the morning of the Ex Entitlement date (generally four business days before the record date) and remains until the close of business on application's close date. Trading in securities displaying XE on ITS does not carry the right to securities in the entitlement issue. For more information refer to the description of Cum Entitlement. All orders are purged at the end of the trading day prior to the security being quoted on an XE basis.

So I see your point, though not being that savvy at all the jargon and so on, can't be sure, perhaps someone else knows how these things work??


*Also!!!!! great to hear that AFR had an article, whereas two or three fund managers were saying NMS was a good thing for 2008. That was either thursday or friday.
 
Nice to see some good news re; subsea contracts.
Not before time either.....Seems to have been a while between drinks.
Just a pity it wasn't someone else paying the round....e.g. BP....instead of the same old Apache.
Not that I'm complaining mind you, still, it would be nice to see some more coals in the fire.
 
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