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NMS - Neptune Marine Services

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Actually Plasma very lucky, live in Tintenbar now, hinterland just back from Lennox, was about to take my son to his school bus in Lennox, but the hail storm was too heavy to contemplate driving. Lucky we would have driven straight into its path.

Nms sad , very sad, maybe 17 cents. Will wait and see.
 
Damn.....you were lucky.
Looks like you may also be lucky with NMS come monday.
I seriously doubt you'll have to hold your breath for it to hit 17......not after the savaging the DOW took yesterday.
What a croc........
Looks like the GFC has a long way to run.....a bit like the GOM disaster.
Making me doubt supporting any off shore venture.....thinking I may just take my medicine and try and turn things around elsewhere.....
 
Well, I bit the bullet.... and tripled my purchase. Can't get away from this stock being good at this price $0.18. Once Rudd's head space is sorted and the BP disaster behind us - who knows.
In for a penny - in for a pound - Oh no, did I say that.
 
SP 17.5c
NTA /share 12c NAV/share 51c At 17.5 c thats got to be good value. Maybe a better bet is buying the options @ 6.5c

ROA is a low 0.7% That means they have a lot of equipment/machinery not actively being utilised. The good ship Neptune is just idling.

On Hartley's May report issued on NMS web site they have a price target of between 40-46c depending on the type of valuation.
 
Loaded up today ...run baby run! Only 1.3 million sellers left and we're looking good for a bounce off the bottom!
 
Woo hooo!!!!

Neptune Marine Services Ltd (ASX: NMS) today announced that it expects
to report normalised earnings before interest and taxes (EBIT) for the year ending June 30, 2010 of
between AUD$5.5 million AUD$6.5 million. The performance from February to June 2010 is
expected to generate normalised EBIT of between AUD$6.5 million ‐ AUD$7.5 million.
The result represents a significant improvement in performance in the second half of FY2010
compared to the first half given the normalised EBIT for H1 FY2010 was $0.8 million (reported EBIT for
H1 FY2010 was AUD$0.3 million).
This confirms Neptunes recovery in profitability during the second half of FY2010 and the expected
return to growth from FY2011 onwards as announced by the company on 21 January 2010.

Feeling very vindicated after loading up at 18c yesterday up 25%!!
 

Some good news at last. NMS is getting up a bit of steam.
For me the distinct possibility of a lot more IRM in the GOM. and the improved vessel utilisation in the ME.
Two of NMS's vice presidents are ex. Schlumberger employees as was Lange.
 
Just bring me up to speed. Is GOM Gross Operating Margin?? And what is IRM??
Is there any others that I should know? (newbie is me) Cheers
 
two up said:
Just bring me up to speed. Is GOM Gross Operating Margin?? And what is IRM??
Is there any others that I should know? (newbie is me) Cheers
Click to expand...

GOM Gulf of Mexico
IRM inspection repair and maintenance
ME Middle East

Hi Slipperz. Where do you get this 1.3m sellers left. At 20c 26 sellers for 2.7m shares. Between 20c/27c 229 sellers for 14m shares.
 
maungatapu said:
GOM Gulf of Mexico
IRM inspection repair and maintenance
ME Middle East

Hi Slipperz. Where do you get this 1.3m sellers left. At 20c 26 sellers for 2.7m shares. Between 20c/27c 229 sellers for 14m shares.
Click to expand...

That was the depth at that time of day when it was on a bit of a run. A few sellers turned up after that :


Pretty incredible volumes today and after todays guidance I was expecting it to close somewhere in the mid to high twenties but there was no shortage of sellers about.

Last I was a holder I sold at about 82 cents or so. Back on the register again
 
Just looked up NMS on E-Trade, total 92 million shares traded today???. Is this correct, can someone verify this number from another source.. Verified on the ASE site. takeover or someone moving in that direction
 
bluekat said:
Just looked up NMS on E-Trade, total 92 million shares traded today???. Is this correct, can someone verify this number from another source.. Verified on the ASE site. takeover or someone moving in that direction
Click to expand...
Yes that is correct and should be exactly as below.

Volume = 92,409,564 shares
Trades = 2,401
Value = $19,757,594
 
The big question is who was selling and why?

There hasn't been any major accumulation under 20 cents so presumably most of todays selling was done at a loss.

Tax reasons?

No faith in future projected earnings?

Almost a quarter of the registry changed hands today.

For two bad quarters to go from 89 cents to 17.5 seems extreme in the context of previous earnings growth.

The company is still winning contracts and developing a global presence.

After todays churn it will be interesting to see where we head next week.
 
I have been doing some more research on NMS to get up to speed on the company since last I was last a holder on the strength of it's preformance in FY09.

Looking back at the contract announcements it's not hard to see why 1HFY10 was so dismal.

Since December there has been a rash of contracts awarded.

Conoco Philips, Qatar, Libya, Shell in the UK and Gorgon.

Put all these together and we get our improved result for 2HFY10.

The positives I am taking out of these contracts is they are long term.

Qatar will keep one vessel busy for three years. I don't know how many crew these boats have but to keep them idling in port is a sure way to burn cash.

And speaking of crew employment in the company is up 10% according to the ann of Feb24. That is not the sign of a distressed business imho NMS are gearing up for a very busy period of activity.

The other biggie is of course Gorgon.

So far the initial contract of 5 million has been increased to what extent financially is undisclosed.

It gives NMS the foot in the door really with Chevron to prove they can deliver.
An exerpt from the Chevron website

"The Gorgon project has already resulted in more than $7 billion and 3000 jobs delivered to Australian industry. And, over the next 4 to 5 years, the project is expected to spend about $20 billion on Australian goods and services. Long-term, the economic benefits of Gorgon - Australia's largest ever single resource project - will cross generations."

An ongoing contract for repairs inspection and maintenance on Gorgon must be of prime importance to NMS and not outside the realms of possibility.

So all in all I think the outlook is fairly positive for NMS.

The company has endured a lean period and is back on track for profitability, has reported " increased tendering activity across all markets", secured long term contracts for stable revenue streams to prevent a repeat of 1HY10 and has some great prospects.

I wouldn't be surprised to see the sp back in the thirties in the not too distant future.
 

slipperz - just to alert you - trident, the boat in the persian gulf for qatargas, is on a 3 year contract, but only about 4 months of each year - the remaining months it sits idle - NMS advertised it for lease 2 months ago. unaware of any takers, but its latest position is offshore somewhere far away from its port after finishing for qatargas. so hopefuilly pulling in some cash.
in yesterdays pres it did mention a goal of FY11 was to have work in qatar 365 days of the year.
 
Picked up a few at lunch time today.

I think they have a strong business and have been a bit oversold so i'll see how it goes. I have been watching them for quite a while now so happy with entry in the low 20's.
 
prawn_86 said:
Picked up a few at lunch time today.

I think they have a strong business and have been a bit oversold so i'll see how it goes. I have been watching them for quite a while now so happy with entry in the low 20's.
Click to expand...

You certainly would be happy if you picked them up at 20c, now a director has bought another $40k in shares, the sp has jumped 4.5c
 
What a great days trading today!.

Opened on it's low and chugged up to an almost intraday high closing price on strong volumes and a tidy 20% rise.

I bet there are a few day traders breathing a sigh of relief today!

Looking forward if the dow ticks up nicely tonight once that smallish resistance at 25 cents is broken the sell depth seems to lighten up considerably.

Might still be some legs left in this run

Christian Lange is on boardroom radio tomorrow at 9.00am, probably reiterating the profit forecast but he may have more insights to offer.

http://www.brr.com.au/event/66380/neptune-records-strong-2nd-half-performance-christian-lange-managing-director?log=1
 
Interesting about boardroom radio, Lange was on three weeks ago. Normally only good news associated with that type of frequency. interesting!
But having said that, the news must be minimal as the recent purchase by the director could be considered as an insider trade.?
 
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