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NMS - Neptune Marine Services

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the attached flyer was issued by ross deeptech, who are attending an exhibition in aberdeen for O&G services companies on behalf of NMS

see subsea08.com

quite disappointing, considering they are no longer a private company, and no mention of their takeover by NMS.
 

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Considering the way the SP is travelling, I'm not at all surprised Ross Deeptech didn't want to mention the takeover...;)
Call it what you like but, a dog by any other name is still a dog so, methinks it may be some time before the pedigree starts to show...:rolleyes:
 
Volume only reached 168,814 today so it looks as though the sellers are drying up. Hopefully there'll be a positive night in the US or there'll be some positive news soon to nudge things North.

...and on the Ross Deeptech brochure, I would be surprised that a reference to NMS was left out due to the share price; I dare say the proof for the flyer was done prior to the finalised deal and was overlooked in the proofing stage.
:)
 
Shaun, it's presidents' day in the US so no market lead from there. Sellers drying up might not be that good if nobody is buying, although in this kind of market I'd be happy with sideways movement for a while.

I suspect there are a number of people on this forum (like me) that are waiting for that change in sentiment and would hope to get back in before 95c.

m.
 
Marklar,
I'm confused so help me out here.
You're waiting for a change in shareholder sentiment and, hope to get in before the SP hits 95c....right???
Mate....the SP closed at 64.5, the lowest its been since 11/07.
I doubt....okay.....I hope it won't drop any lower however, all things being equal, wouldn't it make sense to buy in now, while the SP is at these lows???
Then, when the (obvious....to me at least and, no doubt lots of others as well)) change in sentiment comes about, you'll reap the benefits.
Fortune favours the brave.
 
Waited for long time watching for entry into this company, but the company continues to have success written all over it. I'm in at this level. With oil hitting $100 today (or elevated level around it), there is little to bring halt to the shortage of services in the overall subsea industry in near term. Asia booming along with other oil gas regions, so good to hear of their moves in Singapore and Thailand. People seem to holding off, but value assessment of FY09 figures suggest is already well oversold. Consider management in last year have delivered on promises ahead of plan, there is no reason to think they won't achieve in this environment. The drop has been pushed by market, not by oil and gas demand.
 
Struth....59.5 and no signs of slowing.
C'mon you lot...where's all the positive talk about, fundamentals still being okay, future looking bright et al.....:confused:
Doesn't seem to matter what happens to the upward trend in oil prices, poor ole Neppy is dropping like a hot piece of steel.....:banghead:
It seems only those wearing asbestos gloves are the ones willing to touch the sucker.
I'm just overjoyed I didn't participate in the latest raising....that must really hurt.
 
All is not lost! At least there's no obvious reason other than the general state of the market.
I'm still waiting to buy .... but that SP has got to turn first.

:cool:
 
oldblue said:
All is not lost! At least there's no obvious reason other than the general state of the market.
I'm still waiting to buy .... but that SP has got to turn first.

:cool:
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I agree blue.

I used to be just a fundamental investor, but now in volatile times like these i want a defined uptrend if im going to buy into something for a medium term hold.

Only time it doesnt matter imo is 5+ year outlook, which i dont have for any of my stocks currently.
 
Maliq said:
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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Pretty nasty day for NMS, increased volume and close near lows.

Just playing around with some time projections and I have 06th March & 23rd April as significant.

Price wise if we break 0.58 the next projection is around 0.52 although apart from Fib there isn't much support around there.Very important where we go from here.If we start to bounce from here I would be looking at a return to the downside around 06th March, if we carry on down now, a bounce up around that date.As for April 23rd, wouldn't have a clue :)
 

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Yes, Prawn. Took me nearly 40 years of investing to take real notice of TA but a few "disappointments" made me sit up and pay attention. :eek:

Mind you, I don't always take my own advice but at least when I don't I'm aware of the consequences.

NMS remains on my watchlist.

;)
 
I don't think this current sentiment is only impacting Neppy in this sector. Have a look at Mermaide Marine MRM. A similar focus and also down considerably. They were riding high around $2.15 last year and now languishing at $1.50 odd. Not quite as big a drop but an interesting comparison.

This may be one of those opportunities to throw an extra $10k in and reap the rewards when some sense returns. What's that saying..."Fortune favours the brave."

C'mon........all we need is one big announcement!?:p:
 
yes fortune does favour the brave - damn good week to keep accumulating.

you want a big announcement - then here it is...........

next thursday 28 feb NMS will ann their half yearly report, showing how well they REALLY did til 31/12/07.

assuming that will come with further updates on where they are going.

the patent is due any day.

the ROV's are due for delivery soon.

the vessels are due to be ordered soon.

seastruct is due to be finalised soon.

every offshore O&G services company will be swamped with work now that OIL has settled at $100 - they will be coming to our doors - dont doubt it.

if you are wanting more of these sub $10m contracts to be announced - forget it, they are gone. theres bigger fish to fry now.
 
Very very tempted to get the fingers even dirtier before the half yearly report...

NMS has been in quite a downtrend and these seem to be pretty cheap pick ups (based on the fact they have a patent pending, as well as contracts in the pipeline).

If that half yearly is good then NMS should begin its trend upwards!
 
Alright.....WTF is going on here!?:flush:
Someone has gotta be manipulating the price cos there cannot be any good reason why this SP keeps going down.
What, isn't being in profit, well ahead of projections, winning contracts, enough for some.
I picked up some more a .57 thinking this has gotta be the bottom; wrong again!
Hurry up half yearly report.....I hope.
 
shaunm said:
Alright.....WTF is going on here!?:flush:
Someone has gotta be manipulating the price cos there cannot be any good reason why this SP keeps going down.
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The price certainly isn't being manipulated, it is just very weak, there is just somebody offloading for whatever reason.

As my post above, shouldn't go below 0.52 ish, then should bounce, if not,will go a fair bit lower.
If the half yearly is out Thursday maybe I have the time counts wrong, we'll see.
 
Someone mentioned 44 not so long ago....looks like it may go there yet.
Half yearly isn't gonna make a lot of difference....its going to take some bigger news than that to turn this crud around.
Lets hope its not far off coz, this is getting rather tedious.:mad:
 
Man it would take some real balls to now sell your holding on the hope that you could buy back in lower.
I betcha if I do it the thing is gonna bounce straight after.
Perhaps we need a sacificial lamb??:axt:

The number 44 has never been so scarey!:(
 
shaunm said:
Man it would take some real balls to now sell your holding on the hope that you could buy back in lower.
I betcha if I do it the thing is gonna bounce straight after.
Perhaps we need a sacificial lamb??:axt:

The number 44 has never been so scarey!:(
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OK...you go then shaunm.....if it goes further down I'll put mine up.....you would have to think there is the chance someone would takeover NMS at these levels now that most of the work is done....but the sp is down
 
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