Australian (ASX) Stock Market Forum

NMS - Neptune Marine Services

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Raising alot of cash but spending it equally quick.
NMS is a great stock but may drop futher and consolidate in this market but medium term will be a winner
 
i don't hold nor am i looking to buy but i noticed the P/E ratio for NMS is 2,204.93?!

doesn't that mean its grossly overpriced?
 
agro said:
i don't hold nor am i looking to buy but i noticed the P/E ratio for NMS is 2,204.93?!

doesn't that mean its grossly overpriced?
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P/E's depend on what earnings figures are used, historical, prospective, yearly, half yearly adjusted, estimated etc.
The Age has NMS P/E at 9.92 but P/E's are fairly meaningless when a company is moving from loss to profit, expanding rapidly etc.
Doesn't necessarily mean that NMS is overpriced. In fact, I like their prospects and am waiting for some SP stability to take a small position. ;)
 
What Will NMS Be Worth? When? And Why?

NMS looks like a decent company, with a unique product, strong management, a sensible business model and is growing.

My question is, what will NMS be worth in the future? Also, what will be the milestones that help to achieve that share price?

My feeling is that the share price will move to above $1 per share when the company starts paying dividends. That will be the point where the company gets taken seriously as a 'mainstream' company that the majority of people/institutions would be happy to consider investing in.

What do you think?
 
Re: What Will NMS Be Worth? When? And Why?

r m said:
My feeling is that the share price will move to above $1 per share when the company starts paying dividends. That will be the point where the company gets taken seriously as a 'mainstream' company that the majority of people/institutions would be happy to consider investing in.

What do you think?
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There already is 20 major institutions on their books, as quoted by Lange. Around 66million shares were recently issued at 95c, with the capital raising oversubscribed x 3. I doubt there will be a dividend for quiet awhile, they are ploughing money into developing the business and it seems to be money well spent. But in the mean time there will be alot of news pre dividend. $1 should be back within a few months easily, i would think. And as Neil Carter, Macquarie Small caps fund said, these things "bounce back hard". Also although the timing of the capital raising worked out alright, as NMS got the 95c. The SP had just been dragged down from $1.37 to get that price. Then the sub-prime hit as it was down. Once it turns, probably on the back of the news patersons mention, look out.

Also noted on the website, in the innovations section, no more mention of the ROV welding. Maybe that's a bit too hard at the moment?
 
Oh yeah....thank god..... some exciting news!!!:bananasmi

Neptune wins major Asian contract for NEPSYS technology
Perth, Western Australia: Leading engineering services company, Neptune Marine
Services (ASX: NMS) has secured a major Asian contract for the NEPSYS dry
underwater welding technology.

The contract involves the installation of two sleeves to strengthen a jacket leg on a
platform located in 240 feet (80 metres) of water in the southern Gulf of Thailand. The
installation will increase the maximum topside load of the platform to incorporate new
accommodation facilities.

Neptune expects to mobilise for the offshore works during April following the completion
of comprehensive habitat design, fabrication and testing; welding procedure preparation;
international class approvals to ABS standards and welder qualification and testing.
On location, the NEPSYS technology will be applied to the underwater welding of the
two high strength EH36 steel sleeves at water depths of between 15 and 40 feet (4.6 -
12 metres). The NEPSYS welding phase of the project is expected to take approximately
two weeks to complete during which time Neptune will work in partnership with Mermaid
Marine Offshore Services as prime contractor to Chevron Thailand Exploration and
Production Ltd.

Neptune’s Managing Director and CEO, Christian Lange, said the contract recognised
the substantial cost savings and improvements over conventional maintenance practices
that the NEPSYS technology offered.

“The portability of the technology ensures it can achieve a permanent repair solution in
situ that is extremely cost effective, equal to dry weld standards and internationally class
approved,” he said.

“On projects such as this where topside loads are increased, critical structural
components on the jacket substructure sometimes require reinforcement and the
NEPSYS welding technology is perfectly suited to this purpose.”
Neptune’s extension into Asia reinforces the company’s strategy for global expansion of
the NEPSYS technology that includes a number of projects earmarked for completion in
the Gulf of Mexico.

“With more than 5000 platforms and associated pipelines, the Gulf of Mexico represents
a particularly lucrative market for the technology, as does the North Sea with its ageing
offshore infrastructure,” Mr Lange suggested.
“Our acquisition of the Aberdeen-based subsea and offshore engineering firm, Ross
Deeptech Initiatives Limited, will provide a strong foundation for additional expansion
into this market.”

The NEPSYS system
The ability of the NEPSYS system to consistently achieve superior quality welds is due
to the controlled habitat that fully encloses and isolates the heat affected zone from the
surrounding environment.

Inside the habitat, ideal welding conditions are maintained via the continuous delivery of
heated inert gas at a pressure above that of the ambient hydrostatic water pressure. The
process also results in the elimination of hydrogen from the weld area and prevents
quenching from the surrounding water to provide an even thermal distribution.
The flexibility of the system provides for habitats to be custom designed to suit difficult or
complex structures or applications.
 
Going to open higher... someone just ordered 100,000 after the announcement came up... hopefully, this will spike the price and create an upward reversal from the current downtrend...
 
Jeez....some good news....not before time either.
Twas beginning to look like a dog....maybe some more announcements about gaining contracts will kich the SP along a bit.
Re the placement.....Although I originally bought in at 53....then did some trading when the pants fell off, I'll be damned if I could bring myself to purchase at 95 while its so cheap.
Just makes no sense at all....no matter how good I feel about the company. :2twocents
 
Hmmmmmmmmmm
Well, I guess we can take solace in the fact that, everything is smelling like wet dog at the moment.
In Neppy's case of course, its more like dead fish.:rolleyes:
 
Plasmapark said:
Hmmmmmmmmmm
Well, I guess we can take solace in the fact that, everything is smelling like wet dog at the moment.
In Neppy's case of course, its more like dead fish.:rolleyes:
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LOL....yeah it seems no matter what, something is gonna happen and scare the sh*t outta everyone, regardless how good the news is on your favorite stock.
Wish we could just have one almighty "financial enema" and get this over and done with!:mad:
 
from the recent patersons report...............

"we expect newsflow on these purchases and RELATED CONTRACTS to act as a positive catalyst..........."

related contracts - so lange purchases rov's & vessels for total of approx
$70m-$80m, with the knowledge that, with the necessary equipment, he HAS contracts already to go.

so it all ties in with that ancient story of lange & langley going to the US & UK in 2006 to find out what the oil majors wanted - and it would appear they re getting closer to deliver. the workload in GOM is still there, so its that long term future coming to fruition soon.

and from todays ann...........

Neptune expects to mobilise for the offshore works during April after the completion of comprehensive habitat design, fabrication and testing; welding procedure preparation; international class approvals to ABS standards and welder qualification and testing...................The NEPSYS welding phase of the project is expected to take two weeks to complete.

ok, so 2 weeks of nepsys welding (for a new major client), plus how long for the other components of NMS to create the remainder in preparation ?.....assuming NMS get to do that part too.
 
Last financial year there was 4.9million dollars of NEPSYS work. Which was up 172% on the previous year. According to the last BRR they had 8-9million of backlogged NEPSYS work. Then this new job, which I'd estimate would have to be at least 3million, based on the fact it was newsworthy and previous mentions of welding costs in the Comsec emerging companies conference. So that's around 12million worth of NEPSYS work, plus the work completed for the 7months prior to Feb and whatever they get,complete and get paid for prior to 30june. I'd say they should easily get 20million of NEPSYS work for this financial year, up from 4.9million. Not bad really. And I bet for F/Y09 they will smash this years amount.

Also keep in mind the profit from NEPSYS work, around 50%.

They made yesterdays SMH also for the contract win.

http://news.smh.com.au/neptune-marine-nets-major-asian-contract/20080211-1rip.html
 
OK...enough is enough.

There is something in the wind at NMS.

It has been in a continual downtrend (exception being yesterday). I think a chart needs to be applied. Can somebody do this?

Is there a double bottom forming? a pennant (LOL)? was there a triple top preceding it? that wedge thing?

HELP!

Maybe the funnymentals have turned sour :eek:
 
Yeah I am feeling the same way.
I can only guess that it is the people who took up the 95cent offer offloading.
Perhaps too there are a few buyers who are keen to pick up at a bargain and are capitalising on the downward movement.:confused:
 
JTLP said:
I think a chart needs to be applied. Can somebody do this?

Is there a double bottom forming? a pennant (LOL)? was there a triple top preceding it? that wedge thing?

HELP!

Maybe the funnymentals have turned sour :eek:
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A chart as requested.

The good news is there should be some support at these lows.Volume has dried up as it approached the probable wave 5 low, which is also a support/resistence area.

The bad news is that this sell off has been very quick and impulsive so any rise is likely to be corrective, ie.3 waves up.

Very unlikely to go surging to all time highs any time soon.
 

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porper ? - is that you ? - where have you been ?

Very unlikely to go surging to all time highs any time soon......
still not a true believer i see lol....even 3 years later.

forget ya 5 waves, 3 waves etc - despite 2 very nice anns, the mining services sector (unrelated to NMS but the ill-informed think it is) is taking a battering and dragging NMS down with it.....as with their spec status, plus an apparent concerted effort of those who collected at 95c to collect more - sorry shaun i do have to disagree. those who got hold of millions at 95c knew what they were getting, and are not fussed about the current SP - they have bought multi millions for the long term, and will continue to.
the only sellers are the traders who rode it up over the last 18 months - check the turnover levels in that time.

yes porper i am still a huge fan of NMS, but now it aint a dream - its a reality.
 
Thanks for the chart Porper.

I appreciate it in these crazy times.

I agree with you though, NMS will have to pull something out of the hat to get it past its correction...but what?

Euro Patent?

BP Contracts?

Struck Oil themselves :D
 
son of baglimit said:
porper ? - is that you ? - where have you been ?

Very unlikely to go surging to all time highs any time soon......
still not a true believer i see lol....even 3 years later.


yes porper i am still a huge fan of NMS, but now it aint a dream - its a reality.
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Yeah, still here baglimit, still look at NMS as it was my first ever big winner although I just sold out before the euphoric rise.Holds a bit of sentimental value to me still, don't trade it, too volatile.Seems to be struggling but fundamentally I am a believer still.
 
Porper said:
A chart as requested.

Volume has dried up as it approached the probable wave 5 low, which is also a support/resistence area.
Click to expand...

Good to see someone else sees what i see Porper, bought in yesterday at 0.66. Hoping some big buyers will come in soon.

But could get ugly if it goes under $0.60, next support should come in at $0.44.
 
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