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NMS - Neptune Marine Services

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sophie - assuming im correct - how dare you lol
and JAnuary 31 is when we start to progress again

plasma - peak oil - one word - deepwater
 
Deepwater....shallow water....
The fact remains, we're talking about a finite resource that will definitely run out sooner or later, no matter how much technology is thrown at it.
It's just a fact of life.....everything has a use by date.
Like I said....I intend on being long gone before any of it comes about.....touch wood again.
 
Once again in the interests of keeping this fine thread updated of all NMS, there was TWO mentions of NMS in this weekends media, one apparently in todays' Sun Herald Investor section, page 10, titled -"Tide could be turning for Neptune".
And here is the other-

Duo plan a hearty meal at bear's picnic

Christopher Webb
January 26, 2008

AFTER significantly beating the overall market in calendar 2007, Contango MicroCap twins David Stevens and Stephen Babidge look to be rubbing their hands with glee at the prospect of buying stocks at severely discounted prices.

The total shareholder return of the investment portfolio for the year, according to the company, was 55%, against the All Ordinaries accumulation index's 18% gain, while for the December quarter, Contango's portfolio was up 7.3%, compared with a 1.7% fall for the index.

But it hasn't been a one-way street for Contango shareholders. Late last year they put up $1.75 a share in a one-for-two rights issue, and last week they saw their scrip crunched as low as $1.23 but not to worry, the shares closed the week at $1.54.

Meanwhile, Stevens and Babidge have been sitting on the issue proceeds - $67 million - and adopting a cautious approach in view of the sharp deterioration in global equity markets since December.

"Some attractive stocks are being sold down aggressively by the market and this is creating some buying opportunities," they said in their latest investment missive issued the other day.

"Investor sentiment is currently very bearish, suggesting that much of the bad news has already been factored into share prices. Markets will remain volatile in coming months as positive announcements from the Fed and the US authorities are counter-balanced by weak economic data out of the US and announcements of large write-downs by investment banks."

Contango has achieved its results by investing in sometimes out-of-the-way industrial stocks, and resource counters.

"We remain positive on the outlook for companies exposed to resource and infrastructure construction; the energy and mining sectors; and commercial service businesses including IT companies," they said.

The Contango portfolio's top 10 stocks, accounting for 24% of its value, were Mineral Resources, Mount Gibson Iron, Ausenco, Western Plains, Neptune Marine, Platinum Australia, Northern Energy, Austin Engineering, Midwest Corporation, Jabiru Metals and Coote Industrial.

"The companies that we have included in Contango's share portfolio have good growth prospects and are attractively priced. Although there is likely to be further volatility in the months ahead, we remain confident about the medium-term outlook for Contango's investments," Stevens and Babidge said.




VERY NICE!!!!!!!!
 
* Closing Date for applications from shareholders: Friday 1 February 2008------SPP

This may be extended if the quarterly looks good enough, you never know??

bids at 98 and sells 64, so very healthy and ready to "bounce back hard".
 
Well so much for for my "very healthy" bid and sell numbers at 12noon, they got trashed bad.

Re the quarterly, the last quarterly brought in receipts of 18,264million.
The AGM forecast was for 60-70million for the full year, generating about 6-7c per share. Rossdeeptech generates aprox 22.4milion and will be onboard for 5 months of this FY, plus Seastruct should be onboard for a quarter. So there will have to be some readjustments to the forecasts in tomorrows quarterly, you'd think??

Everyone's gone quiet in the forums since NMS SP looking like crap, but the fundamentals remain the same, "locked and loaded" with BP will definitely happen anyday soon, BP's own report concluded NEPSYS was the way of the future, so it's only a matter of time. Maybe it's good getting this overall market crap out of the way before NMS comes in with some really dazzling news, which I am sure they will. Ever the optimist!!!

Actually it would be good if they only start to zoom from feb1, so i can win the ASF stock tipping comp for FEB and get a years supply of Smart Investor.
 
SophieSweet said:
Well so much for for my "very healthy" bid and sell numbers at 12noon, they got trashed bad.
Click to expand...

I was watching the depth for most of today and agreed things were looking up around lunch time...amazing how quickly things can change...profit takers perhaps ruining our afternoon.

What are the chances of NMS extending the SPP ???

Thanks in advance.
Cheers
 
Take heart, sons and daughters of Neppy!

Been on holiday but I still like NMS's prospects and intend to buy some someday.

But not yet.
 
quarterly out!

16.4million for the qrt, bringing the 6months to 34.7million, forecasts were 60-70million. They obviously will exceed that with the two new acquisitions, so the new broker report, which Son of Baglimit found, properly reflects the new forecast, although it's never been offically updated. I suppose they will when Seastruct is onboard.

750k on R&D, that's heaps, maybe that welding ROV is closer to fruition, since that is the main objective listed on their website, for innovation.

How will the market take what was forecast, with no juicy bits???

Remember they have 64million recently invested by all those new instos, at 95c, so I can't see them letting it slip, only them accumulating. If you consider them seeing the worth in it at 95c, what do they think of it at 80c, when it still remains ontrack and potential for much larger things??


 
I am wondering if the December Quarter may be traditionally slower with regards to revenue due to the Xmas period. Only one more underwelding job would have pushed revenue upto the previous quarters level.
 
There are obviously still many people selling this stock, so I guess they are the non-believers.
I have topped up in the low 80's and am desperately keen to see Neppy get back over the 90 cent nark.
Does anyone have any thoughts on what it will take to see it happen?
 
Surely all those instos that missed out on the "oversubscribed x 3" would be picking up whatever they can, thinking, suckers that bought at 95c. And the ones that bought at 95c would be trying to get their average down a bit. It would be only the few mum and dads selling, as the instos own a cartload now of NMS and all sales are generally tiny, with the occassional crosstrade. But these large amount of small trades that have kept happening, there must be something to it. I don't think it will take much to see this surge, perhaps even US finances to be deemed on track would kickstart it. But as I keep saying, I think something big is looming, bigger than the Apache 8million, hopefully a ongoing maintenance contract with BP to look after one whole area of their world.
 
I spoke with a Macquarie broker today and their Small Cap team has around looking at NMS' operations.

The broker said its his favorite stock by far, saying it was an "underwater Worley Parsons".

I'm looking to buy it atm, the Macquarie brokers are nice
 

sophie

so 3 months ago neppy was 'able' (but not willing) to hand out about 200M shares at 95c to instos & other large broker clients - but only about 1/3 of that were satisfied, and now the remainder try whatever methods to scoop up what few millions they can, surprisingly below 95c, and the lucky few continue using whatever methods to also grab more to satisfy their demands. (primarily instos wanting a decent % to fill their portfolios, not the small handfuls currently being offloaded)

i assume thats what you are saying.

this arvos quarterly, on paper, looks fairly dull, with a barely reasonable level of revenues, clearly plenty of cash to continue expansion, R&D, equipment buying etc.
for those who feel disappointed, go ahead and offload, as there are plenty more than willing to take them off your hands. but do recall its more than likely a lot of the december qtr revs cant be added in simply because the job wasnt finished at the time, and payment will only come when the job is complete. (see june 07 qtr as an example) this will only be discovered when the half yearly is produced in the coming weeks, after the SPP is closed, and the SP of NMS moves well into $1+ figures and beyond.
 
The absence of any problems consoles me, and I'm not concerned with a few million either way - they are integrating successfully and that's what counts.

Others have pointed out that we don't know much about the current project payment dates or the pipeline of projects and the dates of their asociated revenue, and in which quarter they enter the books.

This accounting effect might presumably also appear because of the logistics involved in preparing for a very large project even before it got underway - you have to free up the resources.

For example, how many staff and how much equipment would be made available by a master service contract with BP, as some of us have speculated may be on the cards since the independent report apparently recommended, or at least identified, NEPSYS as the best for BP in the North Sea?

If such a contract is being arranged then the resource has to be prepared and made available for the agreed commencement date and for the duration and so is not available for other work, in the run-up as well as during the course of such a contract - as with all work of course you need to plan and co-ordinate it all, but in the quarter prior to bigger jobs we might see a slight dip.

Don't know how much of NMS would be devoted to such a contract with BP but there will eventually be occasions when a significant percentage of NMS will be tied to a single client and in any case, jobs will not always segue perfectly from one to the next.

Anyway, just an idle thought to share, may or may not be correct and may or may not apply for that quarter.

What is probably a more concrete aspect of the quarterly is that it indicates that the integration, which has been considered a principle risk because it is hard to do and involves all the variable of each of the parts, is working.

When you stick all these companies together in a short time and still meet expectations without a blemish, it's pretty outstanding really, and its only Q1....
 
It's pretty dissapointing so far, hitting 72c now. Come on with the "bounce back hard" scenario, I'm running out of valium.

The Euro Patent can't have been finalised yet, otherwise it surely would have been announced.

Maybe it's time now Oldblue!!!!
 
I don't quite get all the small sales going through?
I have been topping up today so I too am waiting for this so-called bounce.
 

Hi Sophie
I may have said this before but I've been nicked so often by falling knives in the past 40 years or so that I take a lot of care now with this sort of market.

Still intend to buy NMS.
 

Sophie,
You might just have hit the nail on the head.
Perhaps even US finances on track????
Maybe thats the one fly in the ointment that may hold things back for some time to come......damn, I hope not tho.
 
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