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NAUT Nautilus Marine Services Plc

0.75
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Nautilus Marine Services Plc LSE:NAUT London Ordinary Share GB0031461949 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 0.75 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
0.50 1.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 0.75 GBX

Nautilus Marine Services (NAUT) Latest News

Real-Time news about Nautilus Marine Services Plc (London Stock Exchange): 0 recent articles

Nautilus Marine Services (NAUT) Discussions and Chat

Nautilus Marine Services Forums and Chat

Date Time Title Posts
14/8/201911:14A heap of old rusty junk - or a recovery play?238

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Nautilus Marine Services (NAUT) Top Chat Posts

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Posted at 05/6/2019 11:17 by noirua
I was one of those who made a good profit in NAUT on the rise and unfortunately lost most of it on the subsequent fall and sold at around 5.7p.
Considering the sale of ships coming up it does seem odd that the AIM quote is being cancelled and the directors departing at the same time.

The concern is that as a private company a low ball offer may be made to shareholders and it is usual to just accept it. The alternative is to sit there in the dark as I have with Norseman Gold PLC since 2013 - may come to something now but probably 2021 or later - that gives you the idea of patience needed.

If a guarantee was there of honesty and fair play then NAUT are cheap. Meanwhile that large spread makes it difficult for those wanting to take a gamble.
Posted at 13/2/2019 13:17 by noirua
These conversions must be, in my opinion, because a party or a number of parties acting together wish to apply pressure on the company's directors or to take control.

Would I convert my new Audi for a dented Mondeo. Only if the Mondeo had hidden value and hidden bits came with it. Maybe a tool kit, foot pump and car jack made from 18 carat gold.

That means that the converters firstly see an eventual control of NAUT. From this an ability to sell off the parts as well as a conversion for tax reasons.

Buying chunks of shares on market at £25K a go would send the share price into orbit.
Posted at 13/2/2019 08:33 by ayesha4
Nautilus Marine Services PLC (AIM: NAUT), announces that on 11 February 2019, the Company received notice from Aeterna Capital Fund II, LLC ("Aeterna") to convert the US$2,360,000 Convertible A Loan Notes (as defined and described in the Company's AIM Admission Document published on 16 January 2017) into 3,868,852 ordinary shares in the capital of the Company ("Ordinary Shares") at a price of 50 pence per Ordinary Share at a fixed exchange rate of GBP1/US$1.22 (the "Conversion").
Posted at 28/1/2019 09:29 by frrinvest
I am new to this share (so no Sherlock ;-). Can someone explain share conversion please, at what price, when and how it benefits us. I did my own mental calculations and it does appear to be a no brainer. What am I missing and why the share price is far below the NAV? Any views would be helpful. Thanks in advance.
Posted at 24/1/2019 07:58 by noirua
Maybe the sale of the Columbian assets will work out well as interested parties are around.


Nautilus Marine Services PLC (AIM: NAUT), announces today that the Company intends to increase its efforts toward the near-term divestiture of the Company's oil and gas assets located in Colombia in response to escalating interest being expressed by multiple parties during late 2018.

As previously stated in the Company's 2018 Interim Report, the Company began evaluating divestment and strategic partnering opportunities for its oil and gas assets, which consist of the Bolivar and Bocachico contract areas within the Middle Magdalena Valley Basin of Colombia during the prior year.

Following these initial evaluations, the Board and management team at Nautilus believe the sale of the Company's assets in the Middle Magdalena Basin presents a significant opportunity to realise cash value from these non-strategic assets while eliminating the associated annual operating costs and future abandonment obligations.
Posted at 13/1/2019 12:23 by noirua
All the long term loans would have been converted eventually at the price stated if Nautilus took that option. Converting at 50p is equal to a closing price for NAUT of 7.5p on Friday - reducing the $7.64 million loan value to $1.146 million at 7.5p on conversion and having 25.75% of NAUT, 12,524,590 shares worth £939,344 $1,202,360 - noting conversion was at $1.22 against the present market at $1.28.

Just a thought. Market cap at 7.5p is £2.71m or $3.47 million. Wont take much to gain full control of assets. Despite the original cost, all the ships are not valued at very much at all at the present market cap and taking into account cash held and the value of past losses to a bidder.

Those who paid a very high price for Nautilus shares will be rightly piddled off by all this. However, it is all about the value in the here and now.

Interesting days ahead.
Posted at 11/1/2019 15:06 by noirua
· Convertible A Loan Notes of $10.5 million when fully issued have a 50p conversion price, coupon of 8 per cent. and a maturity date of 1 January 2027;

· Convertible B Loan Notes of $6.1m when fully issued have a 160p conversion price, coupon of 6 per cent. and a maturity date of 1 January 2029;

· Convertible C Loan Notes of $15.0m when fully issued have a 225p conversion price, coupon of 6 per cent. and a maturity date of 1 January 2032.

Nautilus Marine Services PLC (AIM: NAUT), announces that on 10 January 2019, the Company received notice from McLarty Capital Partners ("McLarty") to convert the US$7,640,000 Convertible A Loan Notes (as defined and described in the Company's AIM Admission Document published on 16 January 2017) into 12,524,590 ordinary shares in the capital of the Company ("Ordinary Shares") at a price of 50 pence per Ordinary Share at a fixed exchange rate of GBP1/US$1.22 (the "Conversion").

As a result of the proposed Conversion, McLarty will hold 12,524,590 Ordinary Shares in the Company, representing 25.75 per cent. of the Company's issued share capital as enlarged by the Conversion.

Following Admission the Company will have 48,636,777 Ordinary Shares in issue. The Company does not hold any Ordinary Shares in treasury. Therefore, the number of Ordinary Shares with voting rights in the Company will be 48,636,777. The above figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules sourcebook.
Posted at 11/1/2019 10:10 by tomboyb
Nautilus Marine Services PLC (AIM: NAUT), announces that on 10 January 2019, the Company received notice from McLarty Capital Partners ("McLarty") to convert the US$7,640,000 Convertible A Loan Notes (as defined and described in the Company's AIM Admission Document published on 16 January 2017) into 12,524,590 ordinary shares in the capital of the Company ("Ordinary Shares") at a price of 50 pence per Ordinary Share at a fixed exchange rate of GBP1/US$1.22 (the "Conversion").

As a result of the proposed Conversion, McLarty will hold 12,524,590 Ordinary Shares in the Company, representing 25.75 per cent. of the Company's issued share capital as enlarged by the Conversion.

Mclarty will hold 25% -
Posted at 11/1/2019 09:43 by tomboyb
Nautilus Marine (LSE:NAUT)
Intraday Stock Chart
Today : Friday 11 January 2019

Click Here for more Nautilus Marine Charts.
TIDMNAUT

RNS Number : 8165M

Nautilus Marine Services PLC

11 January 2019


11 January 2019

NAUTILUS MARINE SERVICES PLC

("Nautilus" or the "Company")

NOTICE OF CONVERSION OF CONVERTIBLE LOAN NOTE

Nautilus Marine Services PLC (AIM: NAUT), announces that on 10 January 2019, the Company received notice from McLarty Capital Partners ("McLarty") to convert the US$7,640,000 Convertible A Loan Notes (as defined and described in the Company's AIM Admission Document published on 16 January 2017) into 12,524,590 ordinary shares in the capital of the Company ("Ordinary Shares") at a price of 50 pence per Ordinary Share at a fixed exchange rate of GBP1/US$1.22 (the "Conversion").
Posted at 11/1/2019 07:11 by pugugly
Interesting Loan note converted (if I read correctly) at 50p per share - Massive premium or last throw of dice?



Nautilus Marine Services PLC (AIM: NAUT), announces that on 10 January 2019, the Company received notice from McLarty Capital Partners ("McLarty") to convert the US$7,640,000 Convertible A Loan Notes (as defined and described in the Company's AIM Admission Document published on 16 January 2017) into 12,524,590 ordinary shares in the capital of the Company ("Ordinary Shares") at a price of 50 pence per Ordinary Share at a fixed exchange rate of GBP1/US$1.22 (the "Conversion").
Nautilus Marine Services share price data is direct from the London Stock Exchange

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