Articles tagged with: NMS
News »
Neptune Marine Services Limited (NMS.AX) today announced that its patented NEPSYS dry underwater welding technology has been qualified to 70 metres.
Early this year NEPSYS was qualified to 43 metres for the North Sea project Neptune are working on. NEPSYS was introduced in 2003 and qualified to 30 metres in 2006. [Updated, based on baglimit's comment]
This new qualification open up further markets for NEPSYS and the company is planning on testing to 100 metres in 2010.
According to the 2009 accounts Neptune’s Offshore Services revenue, which NEPSYS is grouped under, was $128M …
Commentary »
Neptune Marine Services Limited (NMS.AX) announced on Wednesday that its SPP had closed oversubscribed. Rather than take all the money from retail share holders management decided to slap them in the face and only allocate 50% of the shares applied for. NMS received applications for $26.49M or 52.99M shares from 27% of their shareholders.
Analysis, Commentary »
Last month I mentioned taking a small position in Neptune Marine Services to give me the right to participate in their SPP. I followed that post up with this initial analysis on NMS. The offer closes this Friday and after my heroics, or was it histrionics, with the ANZ SPP a few weeks back I decided to give myself a couple days leeway. Today is pony up day and that is what I’ve decided to do. As always this is not recommendation.
I still don’t feel comfortable investing in NMS and am breaking a personal rule by investing when I have doubts. One of my favourite quotes is capital is scarce and investment opportunities are plentiful. Warren Buffett expressed the same sentiment when he compared investing to baseball without strikes. He said you can wait for the right pitch all day and there is no penalty other than lost opportunity. So, when the fielders are asleep, step up and hit the pitch.
Analysis, Featured »
I prefer to invest in companies that are both self funding and creating value, but I occasionally dip my toe into unabashed growth stories like Neptune Marine Services.
Analysis »
A quick look at Hunter Hall International and Neptune Marine Services.
