Australian (ASX) Stock Market Forum

NMS - Neptune Marine Services

Jump to new
this is certainly the best news in a long time - a boat ready to go except for minor alterations for neptune specifically - youd hope ready to go to work within a month. the other smaller boat needed a complete refit, so assume several months before its put to sea for work.

the question needing to be asked - WHY SPEND SO MUCH ON A BOAT ? what have they in mind ?
 
son of baglimit said:
the question needing to be asked - WHY SPEND SO MUCH ON A BOAT ? what have they in mind ?
Click to expand...

this is exactly what frustrates me... obviously they know the market and have talked to potential clients about the commercial side of things.,. heck, i presume they have already got unofficial agreements in place with certain companies for its use...

so why shouldn't we know some of the estimates or figures behind the purchase? not much hard data/numbers floating around...
 
son of baglimit said:
the question needing to be asked - WHY SPEND SO MUCH ON A BOAT ? what have they in mind ?
Click to expand...

Good question.

May 19 (Bloomberg) -- Never have so many oil and gas companies spent so much to produce so little.

That's the challenge facing Exxon Mobil Corp., Royal Dutch Shell Plc, BP Plc, Chevron Corp., Total SA and ConocoPhillips, which will spend a record $98.7 billion this year on exploration and production, Lehman Brothers Holdings Inc. estimates. Costs more than quadrupled since 2000 as explorers targeted more challenging reservoirs and demand rose for labor and material.

New supply from outside OPEC nations will meet about 20 percent of growth in world demand during the next four years, data from the International Energy Agency show. The lack of supply has traders betting oil will remain at about $120 a barrel for at least eight years, according to futures on the New York Mercantile Exchange......

Bloomberg Link

A bit frustrating watching NMS flap around like a beached flounder....especially when coal, metals and energy are rising....NMS has put together a comprehensive skill set giving it an excellent market position in Australasia and I expect that once additional tenders/contracts are won and announced this will have a positive effect on the sp.

Vessels are no doubt essential.
 
Plasmapark said:
Poor ole Neppy....News of another support vessel on the way and, the SP's move is akin to someone trying to swim in treacle.
Sure is a hard row to hoe right now.:banghead:
Click to expand...

I think the thing that would be worrying people the most is the way the SP plummeted after the last cap raising. Although they haven't said how the money will be raised this time around any company debt looks bad in these current climes.

Santoro said:
Good question.

May 19 (Bloomberg) -- Never have so many oil and gas companies spent so much to produce so little.

That's the challenge facing Exxon Mobil Corp., Royal Dutch Shell Plc, BP Plc, Chevron Corp., Total SA and ConocoPhillips, which will spend a record $98.7 billion this year on exploration and production, Lehman Brothers Holdings Inc. estimates. Costs more than quadrupled since 2000 as explorers targeted more challenging reservoirs and demand rose for labor and material.

New supply from outside OPEC nations will meet about 20 percent of growth in world demand during the next four years, data from the International Energy Agency show. The lack of supply has traders betting oil will remain at about $120 a barrel for at least eight years, according to futures on the New York Mercantile Exchange......

Bloomberg Link

A bit frustrating watching NMS flap around like a beached flounder....especially when coal, metals and energy are rising....NMS has put together a comprehensive skill set giving it an excellent market position in Australasia and I expect that once additional tenders/contracts are won and announced this will have a positive effect on the sp.

Vessels are no doubt essential.
Click to expand...

I agree totally Santoro. I'm sure they have a masterplan ready to be played out & the future still looks rosy as far as i'm concerned. Any slide in the SP is more likely to be caused by short sighted traders rather than longer term investors & I personally will see any slide as a good buying oppotunity.
 
I would have the thought the new vessel would be great news, regardless of the amount of information regarding cost, use and financing it. Obviously not good news to some, SP drops 10%?? I don't think they'll be using it for fishing, or snorkeling for the staff, i'd assume it would be making good $$$, and allowing Neptune to not have to be concerned about vessel hire delaying jobs. As well as having multiple uses. Maybe I have blinkers on, but I think they are going to become a huge company alot sooner than later, and it's not going to happen unless they spend big $$$. And from all accounts it would appear they should have the income to make it happen. I suppose we are just gonna haveta trust they know what they're doing?!?!?
 
The buy side a the moment is way bigger than the sell side so I expect that the "shakes" this morning will settle. 5 or so more sellers at.58 to go and then the buyers will have to pay up for this sleeping giant.:)
 
shaunm said:
....the buyers will have to pay up for this sleeping giant.:)
Click to expand...

:banghead:

WAKE UP GIANT....WAKE UP!D
:banghead::banghead:

Trying to lighten the mood...would like to have been online for those oppies at .37...seems I'm not the only frustrated one.....
 
Are NMS planning to do a SPP in the future?

Or just 3B for some extra cash money chemistry $$$

Hope they're not burning it too fast!

THanks :)
 
JackC said:
I think the thing that would be worrying people the most is the way the SP plummeted after the last cap raising. Although they haven't said how the money will be raised this time around any company debt looks bad in these current climes.



I agree totally Santoro. I'm sure they have a masterplan ready to be played out & the future still looks rosy as far as i'm concerned. Any slide in the SP is more likely to be caused by short sighted traders rather than longer term investors & I personally will see any slide as a good buying oppotunity.
Click to expand...

I don't think the traders are short sighted. They will buy at 55/56 sell at 61/62 and make 10% on the deal. Not too bad for 2 months investing. Probably why the SP is flapping around in the early 60's
 
SophieSweet said:
I would have the thought the new vessel would be great news, regardless of the amount of information regarding cost, use and financing it. Obviously not good news to some, SP drops 10%?? I don't think they'll be using it for fishing, or snorkeling for the staff, i'd assume it would be making good $$$, and allowing Neptune to not have to be concerned about vessel hire delaying jobs. As well as having multiple uses. Maybe I have blinkers on, but I think they are going to become a huge company alot sooner than later, and it's not going to happen unless they spend big $$$. And from all accounts it would appear they should have the income to make it happen. I suppose we are just gonna haveta trust they know what they're doing?!?!?
Click to expand...

AAX went from $2 to $16 in the space of 3 years by providing "pit to port services" I only hope NMS can do the same as they are working on a similar principle. There are heaps of subsea maintenace/engineering companies out there and the only difference between NMS and them as Oren Harari mentioned is the Nepsys underwater welding.
A merger between NMS and Mermaid Marine would have solved a few problems
 
oldblue said:
And the "Criterion" column in this morning's "Australian" has upgraded NMS to a Speculative Buy.

;)
Click to expand...

Upgraded to "speculative buy"?? What was the level they were upgraded from? The last few reports from the likes of Patterson's etc. have always rated them as speculative buy.
:)
 
shaunm said:
Upgraded to "speculative buy"?? What was the level they were upgraded from? The last few reports from the likes of Patterson's etc. have always rated them as speculative buy.
:)
Click to expand...


I havn't seen any other recommendations recently but "Criterion" previously had them at a " hold at $1-02 in January."

:)
 
Oil is pretty well much in every news bulletin or paper at the moment, due to rocketing cost and a shortage of it. NMS is heavily involved in the oil market, it is gearing up with assets, companies, personal and has a market edge with the weld. They appear to have the expertise and sound management, and according to criterion, a bloated order book. Wouldn't it be a no-brainer where they are heading??? :banghead:
 
Hi shaunm and oldblue
the Australian article -Criterion - was as follows -

Neptune Marine Services (NMS) 55c

SHARES in the provider of sub-sea services to oil and gas producers have sunk 12 per cent over the past three days, on fears Neptune will need an equity raising to fund this week's purchase of a $31 million ship to service its bloated order book.

However, Neptune chief Christian Lange told Criterion a raising wasn't planned, with the purchase to be funded by a mix of cash and debt (the company has an ungeared balance sheet and cash of $20-25 million).

Neptune recently reported a March quarter surplus of $518,000, on revenue of $24.5 million, taking the surplus for the first nine months to $4.8 million, on turnover of $48 million.

Lange also reported revenues of $5.3 million for the first two weeks of April. He also cautions that Neptune is "still in the early days of corporate development".

Criterion had the stock as a hold at $1.02 in January but we'll upgrade to a speculative buy.

It was part of an artcile that recommended MAH and rated BLY as an avoid! Gosh. That is certainly direct and not pulling any punches. I hold both stocks (Neptune and Boart) and have been disappointed in both. Perhaps the directness of Criterion can be interpreted as an encouragement to those of us feeling frustrated.
 
Thanks for that Golf. Well seeing as criterion seems to have such weight of influence, I look forward to a sharp jump in the SP when they have something positive to report.:cautious:
:)
 
Thought you guys here would appreciate this one! :D

Next time you have a bad day at work, think of this guy. Rob is a commercial saturation diver for Global Divers in Louisiana .
He performs underwater repairs on offshore drilling rigs. Below is an E-mail he sent to his sister.

She then sent it to a radio station in Ft. Wayne , Indiana , who was sponsoring a worst job experience contest.
Needless to say, she won.

Hi Sue,

Just another note from your bottom-dwelling brother. Last week I had a bad day at the office.
I know you've been feeling down lately at work, so I thought I would share my dilemma with you to make you realise it's not so bad after all.

Before I can tell you what happened to me, I first must bore you with a few technicalities of my job.
As you know, my office lies at the bottom of the sea. I wear a suit to the office.
It's a wetsuit. This time of year the water is quite cool.

So what we do to keep warm is this:

We have a diesel-powered industrial water heater. This $20,000 piece of equipment sucks the water out of the sea, heats it to a delightful temperature, then pumps it down to the diver through a garden hose which is taped to the air hose.
Now this sounds like a darn good plan, and I've used it several times with no complaints.
What I do, when I get to the bottom and start working, is take the hose and stuff it down the back of my wetsuit. This floods my whole suit with warm water. It's like working in a Jacuzzi. Everything was going well until all of a sudden, my bum started to itch.

So, of course, I scratched it

This only made things worse.
Within a few seconds my bum started to burn!
I pulled the hose out from my back, but the damage was done.
In agony I realised what had happened. The hot water machine had sucked up a jellyfish and pumped it into my suit.
Now, since I don't have any hair on my back, the jellyfish couldn't stick to it.
However, the crack of my bum was not as fortunate.
When I scratched what I thought was an itch, I was actually grinding the jellyfish into the crack of my bum.
I informed the dive supervisor of my dilemma over the communicator.
His instructions were unclear due to the fact that he, along with five other divers, were all laughing hysterically.
Needless to say I aborted the dive.

I was instructed to make three agonizing in-water decompression stops totalling thirty-five minutes before I could reach the surface to begin my chamber dry decompression. When I arrived at the surface, I was wearing nothing but my brass helmet.
As I climbed out of the water, the medic, with tears of laughter running down his face, handed me a tube of cream and told me to rub it on my bum as soon as I got in the chamber.
The cream put the fire out, but I couldn't poo for two days because my bum was swollen shut.
So, next time you're having a bad day at work, think about how much worse it would be if you had a jellyfish shoved up your ****.

Now repeat to yourself, I love my job, I love my job, I love my job.
Remember whenever you have a bad day, ask yourself, is this a jellyfish bad day?
May you NEVER have a jellyfish bad day!!!!!
Love
Rob
 
funny stuff sam.. i dare say these divers get paid a decent amount of danger money...

does anyone know how much NMS pay their divers?
 
Top