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NMS - Neptune Marine Services

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Volume over the last few days has been well above average. Either someone is positioning for a t/o or people think it has been well oversold.

Personally i think it's the latter, and hope to see it climb towards the 40c mark in the medium term
 
Slipperz said:
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.
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Going by ASX announcement today it was Acorn Capital selling 9m shares. They also sold 4m on 21 April leaving them with approx 20m shares now. Maybe they think there are better companies to invest in.
 
one broker following NMS has suggested that they 'may' have been close to breaching loan covenants, and so had to do what they could to get the SP back where it should be, and ASAP.
 
son of baglimit said:
one broker following NMS has suggested that they 'may' have been close to breaching loan covenants, and so had to do what they could to get the SP back where it should be, and ASAP.
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That's an interesting thought.

Could you supply some details, not necessarily the name of the broker but rather was it a published or an off the cuff, oral comment?

I'm interested in this, having bought into NMS last week!
 
The broker concerned has been identified on another source as Patersons who apparently are of the opinion that banking covenants may have been at risk of being breached.

Seems they know more about NMS' banking arrangements than the rest of the market!
 
Acorn Capital....probably the main reason for all the turnover of late.
Maybe someone thats invested with them have put them under the pump.
Also, looks like Neppy is becoming a roost for Schlumberger exectutives.
Not saying that's a bad thing but, looks like the "Old Boy network" is in full swing.
 
Also, looks like Neppy is becoming a roost for Schlumberger exectutives.
Not saying that's a bad thing but, looks like the "Old Boy network" is in full swing.[/QUOTE]

On paper the appointments look great and much required. They have the necessary regional experience for NMS going forward. Must have been hard for Lange to cover the world. Especially trying to maintain networks.
Plus the appointments at this level will be under pressure to perform.
 
what are your thoughts on future prices? buyer volume has fallen today to 13mil despite the senior executive appointments
 
soonami77 said:
what are your thoughts on future prices? buyer volume has fallen today to 13mil despite the senior executive appointments
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lol only 13m traded.

look back at history - this last week is the first time ever NMS has come to the notice of day traders, as its been the victim of low volumes
(under 100k), little news or unsustainable spikes & falls.

13m is a huge number for this stock. the last 6 days all amongst the top 10 ever.
 
soonami77 said:
what are your thoughts on future prices? buyer volume has fallen today to 13mil despite the senior executive appointments
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I wouldn't underestimate the value of human capital in a contract orientated business like NMS.

NMS has attracted quality executives with extensive experience and contacts in what is a fairly specialised industry.

IMHO this speaks volumes for the future prospects in a global sense of NMS.

This is very good news.

All we need now is some good contract news from the 400 or so million of forward tenders Christian Lange alluded to on BRR!

:2twocents
 
Slipperz said:
I wouldn't underestimate the value of human capital in a contract orientated business like NMS.

NMS has attracted quality executives with extensive experience and contacts in what is a fairly specialised industry.

IMHO this speaks volumes for the future prospects in a global sense of NMS.

This is very good news.

All we need now is some good contract news from the 400 or so million of forward tenders Christian Lange alluded to on BRR!

:2twocents
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looks like u hit the nail on the head slipper~

up 16% today -0.295

very nice work! i wish i bought some earlier
 
soonami77 said:
looks like u hit the nail on the head slipper~

up 16% today -0.295

very nice work! i wish i bought some earlier
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Hah.....that cracks me up.
I wonder how many times over the years that has been said.
If wishes were horses, beggars would ride.:)
 
Any ideas on the volume traded over the last seven days. Previously 3m would have been a good day. ( except for the time that plasma referred to , when 100 k was the norm) Ar the old days.
Back in at .215 last week.
I have the feeling some news ( big news ) is coming.
Any thoughts.
 
bluekat said:
Any ideas on the volume traded over the last seven days. Previously 3m would have been a good day. ( except for the time that plasma referred to , when 100 k was the norm) Ar the old days.
Back in at .215 last week.
I have the feeling some news ( big news ) is coming.
Any thoughts.
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Currently thinking how refreshingly effervescent this moet and chandon is

Very pleasant for a Monday evening

:bananasmi:bananasmi:bananasmi:bananasmi:bananasmi:bananasmi
 
Slip appreciate your sense of humor , made me laugh.
Good wrap for NMS tonight on 602 business channel.Broker predicting loads of work for them going forward, re oil spill and commitments by operators to have "triple checks on rigs etc".
 
son of baglimit said:
lol only 13m traded.

look back at history - this last week is the first time ever NMS has come to the notice of day traders, as its been the victim of low volumes
(under 100k), little news or unsustainable spikes & falls.

13m is a huge number for this stock. the last 6 days all amongst the top 10 ever.
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bluekat said:
Any ideas on the volume traded over the last seven days. Previously 3m would have been a good day. ( except for the time that plasma referred to , when 100 k was the norm) Ar the old days.
Back in at .215 last week.
I have the feeling some news ( big news ) is coming.
Any thoughts.
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again, the day traders seem to have a new darling. check the day traders thread of 'that other forum' for plenty of comments regarding their trading habits on NMS. but likewise news traditionally follows periods of very positive rises for NMS, but its also true they have fallen a long way beforehand.
 
Hi all, I'm new to this. Baglimit's comment is spot on, i.e.always action after a price rise. Seems to me this is one stock where the old adage "buy the rumour sell the fact" may be applied. What I don't get is the sell off despite the positive announcements up until the 11th june.
 
bulljoe said:
Hi all, I'm new to this. Baglimit's comment is spot on, i.e.always action after a price rise. Seems to me this is one stock where the old adage "buy the rumour sell the fact" may be applied. What I don't get is the sell off despite the positive announcements up until the 11th june.
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probably T+3 players, other than the usual hard run up and relax. we sit and wait the next instalment in a long running saga.
 
Batten down the hatches boys and girls....poor ole Neppy looks like copping another kick to the groin today.
Don't be surprised to see a flock of tax write offs, fly into the wild blue yonder, which, of course, has nothing whatsoever to do with the hammering the DOW and Euro trash received last night.
The SP has only been hanging on by it's finger nails so, the lemmings will no doubt get things moving early. :cautious:
 
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