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NMS - Neptune Marine Services

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maungatapu said:
CEO's don't buy more shares in a company unless they are certain they know where its heading.
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Why did Tamaya's (TMR) management buy pretty much all the way up then down? Before the co went bust....

Management get it wrong too. One could argue that they are too involved and may not step back and look at the bigger picture
 
prawn_86 said:
Why did Tamaya's (TMR) management buy pretty much all the way up then down? Before the co went bust....

Management get it wrong too. One could argue that they are too involved and may not step back and look at the bigger picture
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I agree management do get it wrong sometimes but more often than not they get it right. TMR is a different kettle of fish to NMS. TMR was an copper/gold exploration company with no earnings history. There are a lot of exploration companies that have gone broke.
 
I see Neppy has gained some new "deep sea" work off the coast of Lybia.
The Gulf of Mexico oil disaster has to have an effect on the perception of deep sea projects, keeping some canny investors away from stocks such as NMS.
I've often thought of cutting my losses and putting the money elsewhere and, until the industry comes up with a surefire way of preventing these unmitigated deep sea disasters, expect to see a lot of volatility in offshore stocks...:(
 
maungatapu said:
Quarterly cash flow report should be out pretty soon. That should throw some light on the earnings position.
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NMS reported last year that they'd no longer provide quarterly cashflows - dont expect anything till some form of forecast arrives in june (see last 2 years) and the annuals mid august.

Plasmapark said:
The Gulf of Mexico oil disaster has to have an effect on the perception of deep sea projects, keeping some canny investors away from stocks such as NMS.
I've often thought of cutting my losses and putting the money elsewhere and, until the industry comes up with a surefire way of preventing these unmitigated deep sea disasters, expect to see a lot of volatility in offshore stocks...:(
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NMS arent involved in drilling, but more like surveys, maintenance & repairs, installations of pipelines etc - all with options to cut off oil or gas flow. while an error could occur with NMS present, any leak would be containable at another point, elsewhere in the distribution.
the present issues in GOM could provide NMS with opportunities should maintenance issues, neglected over the last 2 years, become priority again.
 
prawn_86 said:
Why did Tamaya's (TMR) management buy pretty much all the way up then down? Before the co went bust....

Management get it wrong too. One could argue that they are too involved and may not step back and look at the bigger picture
Click to expand...

http://www.watoday.com.au/business/cfd/following-the-insiders-20100420-sq0s.html
This article gives several instances of CEOs and directors either buying or selling shares and what happened afterwards.
Did you ever happen to have any TMR shares?
 
son of baglimit said:
the present issues in GOM could provide NMS with opportunities should maintenance issues, neglected over the last 2 years, become priority again.
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Exactly what i was thinking baggy, its bad for the actual oil companies, but could present opportunities for Neppy as its primary business is IRM.
 
NMS arent involved in drilling, but more like surveys, maintenance & repairs, installations of pipelines etc - all with options to cut off oil or gas flow. while an error could occur with NMS present, any leak would be containable at another point, elsewhere in the distribution.
the present issues in GOM could provide NMS with opportunities should maintenance issues, neglected over the last 2 years, become priority again.[/QUOTE]

Hey Bags,
I reckon you've used the wrong vernacular.....you should have said, "WHEN maintenance issues become priority again".
And, you can quote me on this, (not like anyone will of course) drilling aside, the maintenance business NMS is involved in is going to become a HUGE deal in the not so distant future.
Problem is, that same future seems to be getting further away....:banghead:
 
Hi All,

Has anyone bought these shares in the last couple of weeks? I am looking at a speculative punt here - hoping for good NPAT growth for 2H 2010 and a share price bounce back to .6 and above.

Can anyone confirm a newbs FA of a EV multiple of about 6 for NMS?

Thanks
 
Have been accumulating over the last few weeks, everytime the share price takes a big hit, however im aiming for long term, or at least 2011 and beyond...
 
Well, well, well....Usually three holes in the ground but, with NMS hitting 26.5 and looking like dropping further, it's turning into one very large hole.
Plus.....the leaking hole in GOM is going to further hurt ANY and ALL offshore stocks.
Soon as this returns to something I consider a reasonable loss, I'm outta here and into something more profitable.....the sooner the better.
 
Obvious support levels broken (previous swing lows) and distinct lack of confidence reflected in the chart. Learned the hard way myself on other stocks with the same outcome.
 

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I've heard nothing about this..........but there's a lot of good people and assets at NMS. Does anybody have any thoughts on the possibility of a takeover bid at these prices???......
 
Must say I have the odd chuckle when I read about folks "accumulating" NMS.
I've been holding this stock since '07 and, seen the SP rise and fall, before, during and, following the never ending GFC.
I keep seeing these comments about accumulation and, how it's going to be a long term investment......after all, NMS apparently has some good folks at the helm and, the fundamentals all look hunky dory.
Funny, we never seem to hear from a lot of these stock holders again.....wonder where they all went:confused:
I've said it before and, I'll say it again.....doesn't matter who's at the helm and what fundamentals are at play.....even if the cards dealt to the company are played with finesse, the wheels can still fall off and, with the SP now sitting at 24.5, with, it would seem, no end in sight, stock holders are going to have to wait a lot longer than 2011 to see their investment get any decent return.
I wouldn't dream of bailing out at these lows, turning a paper loss into a real one however, as soon as the SP returns to a level I consider a "reasonable" loss, you won't see me for the rooster tail I'll leave as I depart.
 
Commiserations to NMS shareholders. It's one of my "close shaves" in that I came close to buying a few times at prices well north of today's but didn't, luckily.

There's a lot of mining/o&g related stocks being treated the same way at the moment so the downtrend may not be NMS specific. Just not a Buy at present though, IMO.
 
I check this forum alot and seems like everyone is writing NMS off. Lange mentioned it was a tough half of the year across all companies in the sector, that is just the market

I too have been holding a couple of years but have also made some nice trades with NMS... so I guess it is a bit of a favorite of mine and I am a bit biased.

But the fundamentals of the company is one thing and the macro environment is another.

Just this month the aussie has lost around 10cents against the US dollar (92c - 80c), which is massive in this industry and could be all it needs to be more compeditive when tendering for work.

The strategy in this company changes from year to year, I think there was always going to be some consolidation in the share price after the year on year growth the company had been experiencing a couple of years ago.

I will continue to look for opportunities to buy in and sell out at my 20%

good luck to everyone else that holds
 
In the absence of forthcoming positive news, a Fibonacci retracement based on lows of Oct 2006 (17c) and highs of Sept 2009 (89c) shows to me that the price may hit that bottom of 17c in the near future. At around 24c, it has started to breach another local (non-Fibonacci) support of around 26c. Also supporting this is the relative strength index (RSI) has been basically below 30% since April, it would need to jump above 30% as a signal to halt the drop.
 
If it reached 17 cents, a takeover could be on the agenda.They have triple the assets they had in 2007 with an increase of 20% issued shares.
NMS Buying STS was a good idea, TIMING WRONG.( beware of the merchant banker )
I still think they have a bright future, but in business nothing turns on a dime.
As of today there is nothing insight that will turn things around for NMS or the market.
Followers of NMS know, that if the market is down, NMS is really down.
I sold out in Jan, looking to get back in.
 
The longer the GOM disaster drags on, the worse it's gonna be for all and every off shore stock. (IMHO)
Maybe you'll get your 17c wish.....although I hope you don't.
I wonder how all those Insto's are feeling that rushed the 95c capital raising....might be a few bleeding wrists...:confused:
 
bluekat said:
If it reached 17 cents, a takeover could be on the agenda.They have triple the assets they had in 2007 with an increase of 20% issued shares.
NMS Buying STS was a good idea, TIMING WRONG.( beware of the merchant banker )
I still think they have a bright future, but in business nothing turns on a dime.
As of today there is nothing insight that will turn things around for NMS or the market.
Followers of NMS know, that if the market is down, NMS is really down.
I sold out in Jan, looking to get back in.
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Looks like it's heading in that direction.

Tracking this stock is like watching one of their submersibles on the way to the ocean floor.

Must be going to hit the bottom soon?
 
Yup.....20.5 and still no end in sight.
Really getting quite depressing so, I'm glad my business has picked up and I don't pay it much attention....:rolleyes:
On another note.....Hey Bluekat, we were both a bit lucky to miss out on that destruction at Lennox.....I'm just up the road in Mur'bah.
 
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