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NMS - Neptune Marine Services

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More proof (although less direct) of the expected increase in deep-sea oil and gas exploration. The Australasian Oil & Gas Exhibition & Conference tickets sold out much quicker than anticipated even after a 20% increase in capacity.

AOG Conference
Where there is smoke....
 


Sooooooo how do people pay for the brokerage of this stuff??


Is this a glitch? Whats the point?
 
I was just about to ask the same question. The only logic I can see in it is someone who has very cheap or a no brokerage deal is trying to manipulate the price. How I do not know because it is pretty darn obvious the the trades are small and unusual.

anyone heard of when (if) we can expect a dividend from these people?
 

Visit the ASX website and search for "algorithmic trading". Amazing what you'll find. For example, in this essay:
 
surf73 said:
Any thoughts on the proposed 8C a share capital raising?


http://au.news.yahoo.com/thewest/business/a/-/business/8342094/neptune-plans-big-capital-raising/
Click to expand...

yes, plenty - but if it turns out to be 8c, as rumours have it, then none of my thoughts are printable
Why on Earth would an allegedly successful global leader in its field offer a 60%-plus discount to the last traded vwap? What message does it send to their long-term holders? Thankfully, I'm no longer one of those, having traded by the chart and accepted a small loss when I exited my last holding.

 
My thoughts are just about printable!!!!
Do I put more cash in and get my average price down to a reasonable level or do I sell on Monday at a big loss? (I've made a fair amount of capital gains on 2 investment properties this year)
 
A capital raising announcement is rarely the end of the world for a company. However one of this size will definitely signal how instos value the company depending on how successful it pulls off. I expect the price will fall drastically Monday, but if they raise this 80mil, then i would say a buying opportunity would exist.

I'm standing by to average down personally. I like the short term (1 year) outlook.

Tukker
 
RE: Surf, if you don't have either a fundamental reason to be in, or a technical reason to be in, DO NOT BUY IN. This is true for any company, be it a quality "blue chip" like Woolworths or a industrial "pick and shovels" seller/contractor like NMS.

 
I'm getting pretty cheesed off with this company. A share trading advisory group I was signed up with questioned the generosity of the directors salaries about two years ago, and I question the value the directors place on the shareholders.
 
O.k. So lets look at the bigger picture here. We all agree this massive dilution has come down very hard on us little people, but lets look at the position the company will be in once its over.

  • They have a STRONG team of sales and operation staff
  • They are cashed up for whatever they have in mind for 2011
  • Their debt position would be significantly better off
  • They have secured more tenure for 2011 and show increasing signs of heightened activity

All in all its like starting the company anew.

I am cautiously optimistic for now.
 
Tukker,

People have been saying the same or similar things for years and the SP has gone backwards, as have profits, and now huge dilution...
 
Damn....glad I took my medicine (as bad as it tasted) and took a not inconsiderable loss a couple of weeks back.
Put my money into another project, as far away from the Stock Market and NMS as possible.
 
googs said:
I'm guessing everyone thinks this stock will drop when it re-opens? If so, why?
Click to expand...

More often than not when there is a capital raising the SP drops towards that raising price. And if it is at a massive discount such as the rumours for this are suggests that they would not be able to raise the amount they want/need at a higher rate
 
prawn_86 said:
More often than not when there is a capital raising the SP drops towards that raising price. And if it is at a massive discount such as the rumors for this are suggests that they would not be able to raise the amount they want/need at a higher rate
Click to expand...


I would think that owing to the size of capitol they are requesting, more than a 50% reduction was needed. From memory I think the lowest price offered to buy on the registry was 0.13 but i expect everyone will jump ship as soon as she opens and further add to the slaughter.
 
prawn_86 said:
Tukker,

People have been saying the same or similar things for years and the SP has gone backwards, as have profits, and now huge dilution...
Click to expand...

Backwards no, sideways most definitely. In the middle of all the despair the share price has had runs of over 400%. Not a growth stock for sure.

 
Another delay to the suspension. Looks as if things are not going as smooth as they would have hoped. Not looking good unfortunately...
 
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