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NMS - Neptune Marine Services

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One would think Neptune will benefit from Gorgon either sooner or later.

Mind you, it didn't help the CLO sp today after what was a very nice announcement indeed.

It's important to recognise though that Gorgon is merely one potential source of revenue for Neptune and not something essential for them to expand and be increasingly profitable.
 

its important to recognise that clough are part of a joint venture with kellogg root brown, possibly one of the biggest players in subsea engineering. the JV were destined to have a substantial role in gorgon, and as the project began to become a reality over recent months, CLO sp rose accordingly.

neptune are likely to have to rely on sub-contracting for this JV and other major contractors in this initial construction phase. it is the ongoing maintenance issues for the next 40 years i am most keen to see NMS have involvement. they possess all the services necessary and will grow in time as gorgon and other projects come online.
 
Talk about a hard row to hoe....
Neppy was like the little engine that could....."I think I can, I know I can".
Then as soon as the US gets a mild case of the jitters, poor ole Neppy gets bashed from pillar to post....
I'll have to remember that age old saying...."Patience is a virtue, possess it if you can", .....etc....
 
A 300% rise in 6 months or so isn't a bad run at all. Certainly looked toppy on the chart the last week or so. A healthy re-trace is not such a bad thing..
 
a bit more publicity in "the bull.com.au by Wise Owl analyst Joshua Terlich .He has a buy/accumulate on the stock.
NMS is beginning to form a base around the 77/78 mark. Can't be too long before its on the move up again
 
Neptune gets a speeding ticket in reverse gear. Looks like a lot of punters getting into panic mode. Great buying opportunity yesterday especially the options. Up 10% at the moment.
 
It would seem the "Trading Police" have been issued with stun guns and, the power has gone to their heads.
Either that or, one of them shot himself in the groin while drawing on Neppy for a perceived violation...
 
Nice typo in the AGM presentation - Q1 revenue up 6%, not 60%. Some poor secretary or low level accountant will get there a$$ kicked over that one!

Slightly disappointing forecasts. I still buy the long term dream though. Any other thoughts on where NMS is going. I have a feeling it will be flat for a little while now.
 

good to see you still keeping the faith fleets.
there will be no kicking of a$$ at neppy - against OH&S rules im sure.

ummm - what forecasts ? - i didnt see any. if you are referring to the comment 'significantly lower than last year', well then yeah, that is disappointing, but from all reports its been on the go for ages across all service companies.

there is an email from lange on 'that other forum' that is worth a read.

while still wearing my rose coloured glasses, i am hearing one or two things i wish to query them about - keep an eye out for the reply i get.

looks like retirement put back 12 months, but oh well, that how it goes.
 
SOB - yes, I am hanging in there, looking to maybe buy the dips but hey, i'm still scared from buying dips in other companies that turns into cliffs!

Yeah, I was just referring to the comment 'our first half resutl is predicted to be well below that of the corresponding period last year'. I'm also a little worried about Neppy's overseas competitors who are getting desperate.

Remember they have a baloon payment to the NAB in September 2011 for circa $17m! I'm assuming they won't be able to finance that out of free cash flow for the next 2 years, so will probably need to refinance - at a rate i'm guessing that will be much higher than the 5.99% they currently have locked in.

So if EPS in 09 was 6.8c what will 10 be? 4c? 5c? Why didn't they give more guidance at the AGM?
 
why no guidance - all i can glean (so far) is that with this half being very little, but so much on the horizon from the delayed projects restarting & things like gorgon soon beginning contracts for subsea that NMS are chasing, EPS could be poor or superb - theres too much unknown right now.

it appears the north sea job is still going - a great sign - as that WILL lead to future work - lucrative work for their nepsys product.

we wait.
 
Any ideas why the share price got such a hammering recently? - its down over 20% - seems a rather over reaction to the last results. It can't be the industry - MRM is holding firm. So what else?
 
Hamburg said:
Any ideas why the share price got such a hammering recently? - its down over 20% - seems a rather over reaction to the last results. It can't be the industry - MRM is holding firm. So what else?
Click to expand...

Skilled Group's profit downgrade mentioned that activity in providing manning for marine work was below expectations. This sentiment may have flowed on to NMS?
 
Like Dubai World, one cannot keep on buying or building, when there is no market for the product or the market conditions are not right.

Unless one have very deep pocket.

Thats what the world thought of Dubai World, have very deep pocket, but there is a big hole in the pocket & the cupboard was bare.
 
Hamburg said:
Any ideas why the share price got such a hammering recently? - its down over 20% - seems a rather over reaction to the last results. It can't be the industry - MRM is holding firm. So what else?
Click to expand...

MRM is an Australian company operating out of Australia so is not affected by the high $Au as much as NMS is. The price of oil is in a down trending channel, may have a little to do with it.
Earnings per share EPS currently is 6.9c 2010 forecast is 6.2c. This is what happens when you keep on aquiring companies by issuing stock and raising capital. The other side of that is you retain the interest of the previous owners.
NMS has a lot of potential but it is a case of having to wait longer to realise that potential
 
Struth....55c and dropping.
Seems we'll all be waiting for quite some time to reap benefits....lets just hope the wheels don't fall off, instead of coming loose.
Hmmmmmmm, I wonder how all the insto's and partakers of the last capital raising are all feeling.
 
good announcment with a $20 million contract in Qatar

share price bounced back to 60c this morning could be the catalyst for the chart to turn around
 

Don't worry Plasmapark those wheels are going to stay on. I guess you'll be converting your options before the end of the year. NMS has picked up work on the Gorgon project as expected. Also picked as one of the top ten stocks in The Bull for 2010.
I expect NMS will pull in another 3m from option holders. A bit more dilution.
 
im expecting your prediction will be deleted from ASF shortly surf, so before it is, i am curious where you draw such a conclusion (or wish) considering what is known.

you wish to discuss ?
 
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