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NMS - Neptune Marine Services

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plasma, they appear to be holing up quite well considering.

Another point of view on the vice presidents. They all held promising positions in rival companies, they would not have come on board on a whim.

In a nut shell, the VP's joining NMS is an indicator of NMS"s future. Better a than any brokers review.

And remember four not one.They would have all done their homework before joining.
 
bluekat said:
plasma, they appear to be holing up quite well considering.

Another point of view on the vice presidents. They all held promising positions in rival companies, they would not have come on board on a whim.

In a nut shell, the VP's joining NMS is an indicator of NMS"s future. Better a than any brokers review.

And remember four not one.They would have all done their homework before joining.
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Why?

Are they paid a cut of the company's profits? Have they bought shares in the company? Have they been given any? What if they just had more money thrown at them than their original companies could pay? What if NMS can't really afford to pay them? Job security lies in the contract, not with the cash flow of the company. First people to get paid in a sinking company is the executives.

Re: Leaving competitors: People leave companies for a variety of reasons, family, money, convenience, peers, blackmail, to name a few. In this case we are privy to none of them.

I understand your hopefulness and I too believe the company is well poised to make a strong comeback, but again the proof will be in in the quarterly, right now its just speculation.

Having these execs on the board should help the company's performance, but until we know their payments we won't know if its justified.

Disclosure: Been burned a couple times by greedy execs burning cash.
 
Tukker said:
Why?

Are they paid a cut of the company's profits? Have they bought shares in the company? Have they been given any? What if they just had more money thrown at them than their original companies could pay? What if NMS can't really afford to pay them? Job security lies in the contract, not with the cash flow of the company. First people to get paid in a sinking company is the executives.

Re: Leaving competitors: People leave companies for a variety of reasons, family, money, convenience, peers, blackmail, to name a few. In this case we are privy to none of them.

I understand your hopefulness and I too believe the company is well poised to make a strong comeback, but again the proof will be in in the quarterly, right now its just speculation.

Having these execs on the board should help the company's performance, but until we know their payments we won't know if its justified.

Disclosure: Been burned a couple times by greedy execs burning cash.
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the likelihood is these new recruits were offloaded by their former employers due to the enormous lack of work at services companies for the last year. plenty of expertise, whether at the management or technical level, sit on the beach worldwide, surplus to the needs of the service companies at present.

the positive in this situation is NMS have all along promoted the idea that they would take advantage of these circumstances and buy assets (work dried up so much that they decided against that) and gather up expertise for the expected upturn in the years to come.

if history is any guide, NMS will provide generous employee options for these latest recruits. likewise its doubtful these recruits will buy any NMS with their own cash.
 
Lots of buying late in the session today, for no apparent reason. Closed up 15% on highest volume for a month
 
im actively chasing a connection between NMS chasing a large contract in qatar, and jobs advertised this week for a contract in qatar to begin next week. cant establish a connection to NMS yet, but are still trying.
 
prawn_86 said:
Lots of buying late in the session today, for no apparent reason. Closed up 15% on highest volume for a month
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There appears to be one technical reason that quite a few T/A traders will have picked up: Zoom into the last couple of days and you'll see that yesterday's candle not only broke above the 50% mark of the recent range, but also did so on significantly increased volume.
Those of us, who follow trends, may also have noticed that yesterday's candle closed outside the 3-day volatility envelope, which suggests a trendchange.
Sufficient reason for me to start buying yesterday and to double up today while the trendchange was being confirmed.

My next resistance is 33c; if that gets broken, I'm aiming for 42.5 and 49c.
 

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ryan_wheatland said:
Does anyone have any thoughts or info on the latest news that Neptune has been awarded a BAE Navy contract?

http://www.yourindustrynews.com/neptune+wins+navy+support+for+nepsys_53010.html
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Good news on the longer term front. If they can perform up to standards (no reason why they wont), then more defence/BAE contracts should hopefully flow.

They seem to be putting a hell of a lot of groundwork in place, but just need to get the profit on the board consistently now. :2twocents
 
The longer I hold this stock, (3 years 7 months and counting) the more disappointed I become.
Starting to think it's well named....turned into a a real bottom feeder.....:mad:
 
Plasma if you wanted quick cash, then you picked the wrong stock. Neppy is positioning itself for the long term lng boom, then its just going to ride the wave.
Has anyone heard anything of a new CFO?
 
stefan_invester said:
NMS is reporting its earning next thursday.
anyone have an idea of what to expect?
cheers Stefan
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Not too many takers on this question!.

IMO the report will be inline with the forecast made in feb 10.

Lange did say on BRR, that minor contracts of one million or so would not be released to the ASX in future. ( hence the navy work not being released )

NMS is in favour of schedule price contracts rather than fixed price. ( hard to announce, especially on maintenance work ) So my guess is that they are busy with many open ended contracts on new work, and as predicted, offshore infrastructure maintenance work worldwide, to meet many ( not just one ) countries augmented Government policy.
 
stefan_invester said:
NMS is reporting its earning next thursday.
anyone have an idea of what to expect?
cheers Stefan
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see ann issued 11/6 - big pres issued - clearly wasted.

ryan_wheatland said:
Plasma if you wanted quick cash, then you picked the wrong stock. Neppy is positioning itself for the long term lng boom, then its just going to ride the wave.
Has anyone heard anything of a new CFO?
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oh dear - read the ann 2/8.

DYOR means research it. sorry guys but its good to see some effort first.
 
ryan_wheatland said:
Plasma if you wanted quick cash, then you picked the wrong stock. Neppy is positioning itself for the long term lng boom, then its just going to ride the wave.
Has anyone heard anything of a new CFO?
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Ryan, With all respect, if I wanted quick cash, I'd have bailed out when the SP hit $1.37 around September '08 and, would have made a tidy sum.
I am here for the long haul however, NMS hasn't made the headway I expected and, I'll bet a penny to a pound I'm not on my pat malone.
There's a long rocky road ahead before Neppy starts "riding the wave".:2twocents
 
Im feeling the frustration too, hoping those days will return soon. The fact that they have invested in human capital during the downturn in work, gives me confidence that when the work comes back and tendering begins. Lange will be glad to have so many international connections coming from the new execs he poached from subsea 7 and Schlumberger. Im happy with the steps he is taking to position Neptune globally, so its going to be a rocky road, but i have confidence nms will be a star on the global stage within the next few years.
 
Sign of the times.......
Neppy makes a U Beaut announcement about securing more contracts on Gorgon and, instead of the SP getting a kick in the pants, it's more like a kick from the front.........:rolleyes:
 
Plasmapark said:
Sign of the times.......
Neppy makes a U Beaut announcement about securing more contracts on Gorgon and, instead of the SP getting a kick in the pants, it's more like a kick from the front.........:rolleyes:
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Maybe it was meant to soften the blow of todays announcement. Looks like NMS is going to be put back on the shelf until 2011, if that.... Very disappointing!
 
Sure is Ryan.
The thing that amazes me is, the downturn in IRM activities, particularly the US and Asia.
If anything, I would have bet money on an increase following the GOM disaster however, it seems the GFC still has long way to go before it runs out of steam, plus, the affect that is having on oversupply.
Making things quite difficult for a minow like Neppy.
It's becoming so disapointing, I may end up taking my medicine and bailing before too long....after all, it's not like I can't use the money elsewhere.
Such is life.....:(
 
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