Australian (ASX) Stock Market Forum

NMS - Neptune Marine Services

Jump to new
jack - if you listen to the audio presentation from caldive.com, it suggests that katrina was over-estimated, as many of the small producers simply abandoned their wells, and scrapped the damaged infrastructure, rather than repair it.
certainly NMS thru USUS are better prepared to get any repair/replace work this time, but it may be a while before they get to be involved, as these assessments can take a serious long time.

but certainly keep watch.
 
Plasmapark said:
Don't get me wrong guys.....I'm in this for the long term.
I seriously doubt I'm dwelling in the past, the US debarcle still has a ways to run IMHO.
It's just disappointing to see Neppies SP get hammered so hard for no good reason, other than lemming mentality.
And yes.....I'm still spewing I don't have the readies to purchase while the SP is so low but, glad I don't have to turn a paper loss into a real one.
Click to expand...

Struth.......
I thought it still had a way to run but, didn't expect this quantity of blood running in the streets.
Amazing thing greed.:cautious:
 
plasma so do you have cash ready to buy some when the dust settles???

when the market stabilises, the market will reward companies with sustainable cashflows and contracts... NMS has got plenty of contracts in the bank and i dont think the oil companies will be shutting down their projects anytime soon...

low 40's should be a great time to top up if you have more than a short term horizon...
 
THINK ''US UNDERWATER SERVICES'' & NEPSYS FOLKS.

http://www.rigzone.com/news/article.asp?a_id=66793

US Gulf Platform Damage by Ike a Boon for Deep-Sea Divers
by Isabel Ordonez Dow Jones Newswires Wednesday, September 17, 2008


HOUSTON (Dow Jones Newswires), Sept. 17, 2008

Hurricane Ike, which left hundreds of thousands of people without power and caused billions of dollars of damage, is good news for Chris Hufham, a deep-sea commercial diver.

Ike made landfall early Saturday in Galveston, Texas, as a Category 2 hurricane, after churning through the U.S. Gulf of Mexico, home to a quarter of the nation's oil output and 15% of its natural gas production. Hurricane Ike had a remarkably wide wind band that touched production platforms throughout the Gulf. The accompanying storm surge also caused damage by washing over rigs and production facilities that are anchored to the sea floor.

Many energy companies operating in the Gulf are reporting damage and have begun repairs. BP PLC (BP), for example, said the drilling derrick of its massive Mad Dog platform, 190 miles south of New Orleans and one of the Gulf's largest projects in terms of production, was toppled over and is now lying on the ocean floor.

Enter 30-year-old Hufham.

The Houston resident expects to double his annual income, which is usually in the six figures, by repairing damaged underwater pipelines, rigs and platforms submerged in the deep, dark waters of the Gulf of Mexico. Neither the work nor the money is easy. While offshore workers bustle about on top of platforms, divers like Hufham work as many as 1,000 feet below the surface.

Deep-sea divers play an important role in getting the oil supply chain, in disarray after the hurricanes, back together. Their work on - or, rather, below - offshore platforms will allow companies to resume the production of hydrocarbons and their transportation to shore, where they're processed and distributed across the U.S.

Diving for the Money

Hufham is an hourly employee for Deep Marine Technology, Inc., a privately owned company based in Houston that provides services to the offshore oil and gas industry.

He generally works shifts of 12 hours a day for two to eight weeks, with a couple weeks off in between his rotations, and can earn up to $900 a day. But when hurricanes come through the Gulf of Mexico, he gets especially busy, and can work for three or four months in a row with just a few days off.

After Ike, he was getting ready to start an intensive and lucrative project repairing structures. Deep Marine Technology has contracted before with Chevron Corp. (CVX) and Anadarko Petroleum Corp. (APC).

"I love to dive, but I really do this for the money, like everyone else," said Hufham, who has much of his body inked with colorful, intricate tattoos and wears round, tribal-type earrings in each lobe.

His friend and co-worker Erick Frawley, 30, who is going Thursday on a planned vacation to Netherlands with his girlfriend, is disappointed he will miss the first assignments coming from Ike's destruction, which he expects will be as generous as the jobs after other storms.

"After (Hurricane) Katrina, I doubled my salary," Frawley said of the infamous storm three years ago.

Deep Sea Risk and Reward

Frawley said companies like Deep Marine look for people with a specific psychological profile who are suited for the demanding and risky work. Frawley said he has had just one life-threatening accident during his six years as a commercial diver. When he was at diving school, his diving hat filled with water, and he almost drowned, he recalled.

"The riskier part of the job is when you are learning," Frawley said. "After that, everything gets easier."

The risk and the payment increases according to the depth divers have to reach.

For repairs or inspections below 250 feet, they have to go through a decompression process. For every 100 feet of depth they dive, they are required to spend one day in a small capsule on top of a boat where they slowly return to atmospheric pressure after having breathed compressed air in the diving bell that submerged them in deep waters. Generally, while two divers are decompressing on the boat capsule, another two are working in a bell down in the ocean.

Once they are deep under the sea, one diver leaves to fix the structures for six hours, while the other stays in the capsule, generally reading a book waiting for the next shift, Frawley said.

"Thanks to Ike, we are going to make good money and read a lot," he added.
 
mrgroundwork said:
plasma so do you have cash ready to buy some when the dust settles???

when the market stabilises, the market will reward companies with sustainable cashflows and contracts... NMS has got plenty of contracts in the bank and i dont think the oil companies will be shutting down their projects anytime soon...

low 40's should be a great time to top up if you have more than a short term horizon...
Click to expand...


Actually, the blood I speak of wasn't necessarily NMS.
I'm also well aware of the opportunity.
Unfortunately, due to business downturn, I'm unable to "top up".
That said, I've got enough in the kit anyway and, Neppy is a long term thing for me so, I'm not fussed having to wait.
 
Anybody interested in the FY08 report?
Released 23/09/08.

Revenue - good - $86,713,000.00
Net Profit - dissapointing - would like to see >10% of revenue - $7,407,000.00

EPS - dissapointing - would like to see >4.5cps - 3 cents

Nepsys projects postponed/delayed to FY09.

Finance for 70 metre boat from NAB. From a quick glance I didn't notice how much was borrowed. Did anyone else get this detail?


My take: EPS of 3 cents per share x 15 (long term average P/E ratio) gives a share price of 45 cents per share. The current share price is spot on. Booo!
 
My take: EPS of 3 cents per share x 15 (long term average P/E ratio) gives a share price of 45 cents per share. The current share price is spot on. Booo!
Click to expand...

It's worth keeping in mind it's a growth stock. 2009 EPS forecast is around 7c from memory. So if you're looking longer term, based on the approach mentioned, that would give a forward share price of $1.05
 
Revenue - good - $86,713,000.00
Net Profit - dissapointing - would like to see >10% of revenue - $7,407,000.00

EPS - dissapointing - would like to see >4.5cps - 3 cents


r m

What you have with Neptune is a CEO who will build this company to a solid return in the future. Any company that acquires other businesses and vessels during a year will not have a strong bottom line profit. However next year should see a solid increase in EPS.

Neptune to me has an astute CEO who understands this business better than most ( his employment history ). He needs vessels to build the return to shareholders, otherwise the company is primarily just selling time, and time is limited.
 
r m said:
Anybody interested in the FY08 report?
Released 23/09/08.

Revenue - good - $86,713,000.00
Net Profit - dissapointing - would like to see >10% of revenue - $7,407,000.00

EPS - dissapointing - would like to see >4.5cps - 3 cents

Nepsys projects postponed/delayed to FY09.

Finance for 70 metre boat from NAB. From a quick glance I didn't notice how much was borrowed. Did anyone else get this detail?


My take: EPS of 3 cents per share x 15 (long term average P/E ratio) gives a share price of 45 cents per share. The current share price is spot on. Booo!
Click to expand...

add to all of that $1.5m spent of nepsys R&D, the nepsys projects delayed were due to delays on the other companies part (completed during july 08), the amount borrowed was $40m (as per posting on another site, from article in westralian).
and from where i stand, the 7c forecast is very light on, considering the work already announced, and the potential earnings from LNG projects about to begin, where NMS have already done work for the EPIC contractor or oil major on that project.
 
over the last week theres been several news items that will have a direct connection with NMS (and others of course) and the various subsidiaries it owns.

1. the amount of damage becoming apparent to the GOM fields after hurricane ike, rather than outright destruction. damage is repairable, destruction is not.
there will be a mountain of diving & nepsys work to come from this. fingers crossed for news from USUS shortly.

2. the INPEX announcement on 26/9. enormous potential for a large slice of work to come NMS way, with their initial involvement in the survey work thru TRI SURV, and the subsequent roles thru every segment of the business.

3. the news thru today of Scottish Power wanting to establish major projects using tidal & wave energy. RDT have a role to pley - how significant is yet to be realised. and combined with the report issued today by CNM, the local industry is gearing up for participation too.

4. today the US senate following the US reps in voting out the ban on offshore drilling on the pacific & atlantic coasts.
it is acknowledged there are significant oil & gas fields on each side of the US, as yet untouched, and also significantly, unsurveyed (or at least not using modern technology). the US fields are normally dominated NOT by the majors (like in australia) but by very small players, and so expect the same when the licences come up.
there are certainly many barriers to overcome before these fields enter the first stage of exploiting, but it would be a major area of growth for many years to come.

and remember, theres still the small issue of langes package to be voted for - expect some sweeteners before the AGM in about 2 months.
 
good post SOB...

unfortunately, market sentiment is well and truly outweighing any of the fundamentals and potential...

will be buying more if its still around 40c next time i get paid :D
 
with this charter boat i would like to know a lot more financial details... does anyone know some better figures?

surely this $7million for 4 months is just a revenue figure ie no costs included? what will be the costs and an estimated gross profit?

i just think the figures look far too good to be true... on a basic economic level, many firms would be entering the market buying up vessels if they could get such a quick recoup of their capital outlay...

on a technical perspective things arent looking great... it looks to be trading in a gradual downward channel starting from early march high... i dont have software but you can pretty much run a straight line across the highs and lows from there... the troubling point is that the next low using that method looks to be around the 30c mark in a month or so...

the solid fundamentals will eventually overcome the downward trend, but when is the question... i think we might have to wait till 09...
 
They should sell the boat back for US$30m and make a cool $6m profit! Then wait for the AUD to bounce back and buy it back again. Who needs a business, they could just make money buying and selling boats. It's that easy.
 
LOL...

i thought something similar today when i saw the exchange rate they bought the boat at... got a very good rate compared to now!
 
Fleeta said:
They should sell the boat back for US$30m and make a cool $6m profit! Then wait for the AUD to bounce back and buy it back again. Who needs a business, they could just make money buying and selling boats. It's that easy.
Click to expand...

Except that the market for boats has probably dropped in sync with the sharemarket and the market for oil!

Disc: Not now holding NMS.

;)
 
What the.......?????
Gonna hurt NEXT WEEK?????
Are you saying it's not hurting now?????
I bet there's a heap of shareholders (myself included) that would tend to disagree.
Still, in the grand scheme of things, I'm glad I didn't buy in when the SP was at $1.37 and, also glad I didn't partake in the earlier capital raising at 95c.
Yeah I'm down but, nowhere near the likes of some folks.
 
Top