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Business Description: Neptune Marine Services Limited (NMS) is a provider of services and integrated engineered solutions to international oil and gas, marine and renewable energy industries. NMS‚Äôs primary focus is offshore oil and gas sector with operations in the key regions of Australia, Asia and the UK.
Strategy Analysis: NMS's strategy is to establish itself as a whole-of-life-cycle oilfield services company with a global capability. This is to be achieved through a combination of acquisition, organic growth, integration of services and resources and the attraction and retention of quality staff. Acquisitions have been the primary growth driver and include; Allied Diving, Territory Diving, Subsea Developments, Link Weld Engineering, US Underwater Services, Subsea Engineering Services and Sea-Struct Pty Ltd. New JV partnerships and alliances have also been entered in order to strengthen its NEPSYS division. NMS's strategy going forward includes: expanding NMS's global capabilities and global client base with a focus on Asia and developing its deepwater expertise.
Neptune Marine Services reported NPAT of $20.97m for the year ended 30 June 2009. Revenue from ordinary activities were $188.96m. Diluted EPS was 6.85 cents compared to 2.95 cents last year. Net operating cash flow was $35.42m compared to $10.92m last year. No dividend was declared.
By Michael McCarthy (chief market strategist, CMC Markets) 19/12/2014 |
Traders and investors caught short heading into the FOMC scrambled for cover in Europe and the US, in many cases driving indices to their best one day performance for 2015.
By Betty Lam (Sales Trader, CMC Markets) 18/12/2014 |
Lead by the Fed-fervour offshore, Australians shares jumped on the Yellen cheer wagon. The material and energy stocks were back in vogue as both sectors gained over 3% in morning trade.
By Michael McCarthy (chief market strategist, CMC Markets) 18/12/2014 |
In spite of a frenzied pre-mortem, a benign statement from the US Federal Reserve‚Äôs Open Market Committee and steadying commodity markets drove investors back into share markets overnight. A calmer, stronger ruble helped offset European growth fears, highlighted in the overnight session by further declines in inflation.
By Betty Lam (Sales Trader, CMC Markets) 11/12/2014 |
Offshore jitters sent ripples through to Australian stocks. The open saw the local equities take 65 points off the index, catalysed by a mass-exit in energy stocks, yet again.
By Ric Spooner (Chief Market Analyst, CMC Markets) 10/12/2014 |
Yesterday‚Äôs news on Greek politics and China‚Äôs bond market came at a time when US and European stock markets have extended rallies and pushed valuations higher. This makes those markets vulnerable to downward corrections as profit takers act to avoid missing out.
BR Securities Australia Pty Ltd 2/12/2014 |
December 2014 could go down as a nasty moment in Australian finance. MYEFO will reveal a deteriorating budget deficit and the UNFCCC meeting in Lima, Peru will provide the agreement, to be ratified in Paris in 2015, on how much (or little) CO2 is to be allowed into the atmosphere from 2020.
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