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NMS - Neptune Marine Services

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Yes, they can start friendly then turn aggressive.

Usually they let the stock continue to flounder and make the management and holders feel they should maybe have considered it, before becoming aggressive.

In this case it would never have been accepted below .05 due to the fact that the capital raising was quite recent and many new investments would lose so quickly etc.

Yet because the price is about half that going aggressive so quickly makes sense. Yet they may sit and accumulate for a while before coming to market straight away.

If they are smart they just accumulate, let if flop again then make the play. 31% in a morning is pretty heavy handed you'd have to say however! It's hardly hiding your intentions for those who are watching closely.

There is nearly 5,000,000 sitting there at .03 if they are serious they should just swallow the lot.
 
Gringotts Bank said:
I wonder whether the party who made the offer and got rejected have given the instruction to buy on market. Does that sort of thing happen?
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I've never seen or heard of it happening in terms of would be bidders buying on market. Can you point to any past examples of such happening?

38m volume so far today @ 2.86c VWAP is a mere $1.1m and 2% of the company. Not sure that looks like the footprint of a rejected-bidder-turned-aggressive-accumulator.
 

Not in such an unsubtle way but circumstances might prevail in this. Creep provision?

I agree there is no confirmation of anything. I have not found any news of a bidder or whispers.
It's not normally the bidder, that is buying but those who know about the bidder. It's a mute point because it still means there is a play.
31% out of the blue with such volume is very strong. Why the rush?
But I made a similar call over CUS and it turned out to be two major holders going hard at it.
I watch NMS daily.
I own it at 2.78c. Have not bought in today as yet.
 
Volumes are high but at these prices, values aren't.

There's normally plenty of speculators prepared to buy in at any hint of a takeover approach.

 
Director bought 30,000 worth. That would be insider trading if there was a take over approach in the background or relevant upside news.
Seems like just a vote of general confidence.
 
management have done an excellent job of keeping this company alive. Thought it would be dead my now.
 
Decent breakout, no return to the neckline as yet, volumes very high today. Takeover rumours, Pratt's buying.

Looking interesting. In at 34, hopefully it goes nutso!
 
Suddenly a single order of 4.5 mill at the top offer and very willing to sell, already moved it one tick lower.

There are big changes underway in the substantial holdings department, that's for sure.
 
Gringotts Bank said:
Suddenly a single order of 4.5 mill at the top offer and very willing to sell, already moved it one tick lower.

There are big changes underway in the substantial holdings department, that's for sure.
Click to expand...

I've taken that out for you
 
Neptune Marine Services

G'day to All. I am new to the forum and a low volume holder and trader of shares. I have come to the forum as I cannot find any articles/conversation etc (google/Bing) on Neptune Marine Services shares and they have not been commented on on this site since just after the takeover bid by MTQ. Would appreciate any thoughts comments. In the proverbial nutshell - MTQ are a pretty significant Singapore based group servicing oil, gas, engines, subsea etc They have a successful track record in majority shareholding moves, takeovers and turnarounds. They will bring significant management skills into troubled companies in similar/same industries. I was told, and have not validated that a previous move saw a tenfold increase in shareprice of a troubled company they effectively took over.
MTQ did not get to 90%*and compulsory acquisition) it wanted in Neptune Marine so I still have my shares. Neptune have sealed some new and important contracts since the takeover bid and I am sure more will come through the MTQ network. Surely the only way is up for the medium to long term. Todays gain looks good but it seems nothing significant since the failed takeover bid at .032 per share from MTQ. appreciate any thoughts. Cheers
 
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