Australian (ASX) Stock Market Forum

NMS - Neptune Marine Services

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Smurf1976 said:
Many people own stock in all sorts of companies without knowing anything about the actual business. They hold based on it being in an index or a margin lending list, historic share price performance or simply due to a decision to buy stock in all companies meeting certain criteria operating within a particular industry.

In short, there would be plenty of shareholders who had no idea that NMS even had any ships, let alone that they were idle.:2twocents
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People that use forums like this, and hotcopper where warned by a couple of posters about the situation. Thats why forums are useful, and you should always try and do some reaserch if you own shares in a company. Dont own shares if you dont have any time to devote to reaserch, its doesnt work, unless it is absolutely only blue chip.
 
agwmarpil said:
Neptune Trident is sitting at anchor in Dampier. Anyone any idea why?
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The investor presentation released today mentioned the selling off of non-core assets and underperforming parts of the business. The following is the quote from the presentation regarding Neptune Trident "NEPTUNE TRIDENT - No longer a long term strategic fit, No longer a long term core asset; to be disposed of appropriately, Continue to market the vessel in the short term".

It looks like they are getting ruthless with the business and trying to cut costs all over the company, no suprises there considering if the capital raising doesn't fly with the 12000 odd investors then the show will probably be over for Neptune. I have conceded that my $5k left in this company is gone as I will not be taking up the offer. :(
 
One question: Is it still worth going with this capical raising as tomorrow will be the closing day?

Wheatok

Thanks for that Baglimit.

Hope you're doing well and enjoyed the last couple of weeks without thinking about the options too much.

Your summary sounds right - just not sure what happens if it's done the other way around, (i.e. Buy the shares and then sell).

Anyway - looks like I've got a couple of months to do my research and consult an accountant before anything happens with these shares.[/QUOTE]
 
looks like the CR got the required $60 million from investors with the final amount to be released next week. At this stage $61.5 million has been raised and the show goes on for Neptune. Stock to come out of suspension next week on the 10th so we will see how much the market values the stock now. It wont be pretty and expect something around the CR price of 5 cents to be the consensus. Anything above here will be a bonus to holders.
 
skivvy said:
looks like the CR got the required $60 million from investors with the final amount to be released next week. At this stage $61.5 million has been raised and the show goes on for Neptune. Stock to come out of suspension next week on the 10th so we will see how much the market values the stock now. It wont be pretty and expect something around the CR price of 5 cents to be the consensus. Anything above here will be a bonus to holders.
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That's funny....anything above 5c is a bonus.....I just fell off my damn chair, I laughed that much.....:rolleyes:
Classic!!
 
Plasmapark said:
That's funny....anything above 5c is a bonus.....I just fell off my damn chair, I laughed that much.....:rolleyes:
Classic!!
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Yeah you are right Plasma. In hindsight I guess I could of phrased that a little better considering most investors would be sitting on a rather large loss, hardly a time to be mentioning the words bonus in the current state of affairs. Merely indicating my suprise that the CR was successful and not a total write off which is the only positive note in a sorry situation for all holders.
 
Came out of suspension at 5c.

Massive hit for holders. I have written off my holdings as not worth selling for the small amount now. I'll check back in 3 yrs and see if they are worth anything then...
 
prawn_86 said:
Came out of suspension at 5c.

Massive hit for holders. I have written off my holdings as not worth selling for the small amount now. I'll check back in 3 yrs and see if they are worth anything then...
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I've taken a massive hit with this dog as well. :mad: I will sell them when I think I need the loss to write off again gains in others.
 
I need the loss to go in this year.
I'll be waiting until the last minute and hope it doubles by June though.
 
I've been head down, taking care of business with what little I came out with before the suspension happened....like I said before, kinda glad I took the hit when I did.
I feel for all the holders that are stuck in the mire.....then again, we could all be in Northern Japan so, maybe not so bad eh?????
 
Plasmapark said:
I've been head down, taking care of business with what little I came out with before the suspension happened....like I said before, kinda glad I took the hit when I did.
I feel for all the holders that are stuck in the mire.....then again, we could all be in Northern Japan so, maybe not so bad eh?????
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23 million shares change hands at an average of between .045 and .047c and more than half of those dumped on the close of trade for .043c Not looking all that flash so far:(
 
Yep it's been an absolute dog for me, :mad: Luckily I have a couple of others that are really shinning so I will shoot this dog at some stage when I cash in the others.
 
adds4 said:
Nope, as a day trader i wouldnt buy this. What has happened to nepsey. Is it still proven to work?
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The Nepsys underwater welding process has been patented, and as far as I'm aware, the patent still belongs to NMS. The problem was that Christian Lange wanted to battle on too many fronts, rather than growing the business around Nepsys.
Would he have succeeded if the GFC hadn't interfered and cut off his money supply and the big contracts he hoped for? Possible, but the GFC did interfere, so we'll never know what might have been..
 
pixel said:
The Nepsys underwater welding process has been patented, and as far as I'm aware, the patent still belongs to NMS. The problem was that Christian Lange wanted to battle on too many fronts, rather than growing the business around Nepsys.
Would he have succeeded if the GFC hadn't interfered and cut off his money supply and the big contracts he hoped for? Possible, but the GFC did interfere, so we'll never know what might have been..
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are they bstill doing work with nepsey. Didnt it do some work in ther gulf of mexico, how did that go. Heard nothing, so one most persume not well? I hope im wrong
 
Hint of a takeover offer was touted. :confused:

Gap up 27% on very high volume today. Volume is +150% at 10:40am. Will be interesting to see if volume continues during the day or whether it resumes at 3:20 or so.
 
It did a cap raising recently at .05 after doing a consolidation.
Has been trading in insane territory as far as the short term is concerned.
up now 31% on huge volume and the day is only half over!!
(caveat I have a little of this.)
 
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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