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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 Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 0.75 0.50 1.00 - 0.00 01:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 0.0 -7.2 -19.6 - 0

Nautilus Marine Services Share Discussion Threads

Showing 226 to 246 of 250 messages
Chat Pages: 10  9  8  7  6  5  4  3  2  1
DateSubjectAuthorDiscuss
14/8/2019
11:14
This is a post from Germanicus on the lse site. Sums up pretty well what has happened here. Having sold their remaining vessels and equipment for a little under US$ 2 million for a loss against book of US$ 6 million they will be left with around US$ 10 million of cash, a couple of licenses in Columbia which appear to be cash drains, a receivable from a debtor that is probably unwilling and unable to pay backed by now worthless collateral and outstanding loan notes and interest to the tune of around US$ 25 million. So safe to say there will be no value for shareholders. Management incompetence or something worse. They acquired 3 vessels from the controlling shareholder for the forgiveness of a receivable of US$ 8 million in 2017 and sold the vessels for US$ 0.7 million. They additionally acquired the Rider Barge from the controlling shareholder for the issuance of loan notes of US$ 6.1 million and have sold it for US$ 0.4 million. One might conclude that it was an elaborate scheme to extract the value from the Company and transfer it to the controlling party.
biggest bill
05/6/2019
22:03
Look at atlantic coal...now carbon. Been delisted for years....three takeover offers and one reverse and nothing done. Millions in cash and .....where is it?
barnetpeter
05/6/2019
12:45
Being scum doesn't lead to jail. A career in politics or the mass media more likely.
honestmarty
05/6/2019
12:26
They have history of being scum. They should be in jail.
ayesha4
05/6/2019
11:17
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.
noirua
31/5/2019
19:36
"The Group had a positive working capital position of $17.6 million at 30 June 2018". Just a year ago.....nearly 20 times current mkt cap. Why rob a bank?
barnetpeter
31/5/2019
14:47
I looked at the company under its previous name. Attracted by the mythical cash. Read like a spy novel. I think GW Bush even got a mention.
honestmarty
31/5/2019
14:46
The assets? They bought a few rust bucket liabilities. I wonder who exactly owned these rotten tubs? Who acted as brokers, How much in fees. Who benefited as the cash was frittered away? Six degrees of separation? LOL.
honestmarty
31/5/2019
11:25
Barnet Peter Some really suspect US characters in the convoluted past of this company. A scandal on the UK regulators to allow this nonsense.
honestmarty
31/5/2019
11:22
Was it not blindingly obvious that outside shareholders were unlikely to see any return from "all those assets"?
eezymunny
31/5/2019
11:03
Sold half of mine in the big rally in March but still holding some. Just 1p to sell.....with all those assets. May as well hold to see if we get cash return in the future....but we may never hear again from the company
barnetpeter
31/5/2019
09:17
The history of this scam is legendary. A stunning lineup of characters
honestmarty
31/5/2019
09:12
Was not worthy of a thread IMO
buywell2
31/5/2019
07:55
To the evil little rampers on here - serves you right!
eezymunny
31/5/2019
07:41
Headline has it correct - Rusty old junk - Sinking without a trace - However feel sorry for thosse who got sucked in during the spike on converions. The wise I suspect used the spike to salvage what they could.
pugugly
12/4/2019
16:52
it's coming....
babbler
08/4/2019
20:11
They're supposed to be selling their Colombian assets. Wish they'd hurry up about it.
boyleslaw
04/4/2019
09:02
it seems these two new directors are appointed to bring some life into the board room - i expect there to be an acquisition rather soon.
baner
16/3/2019
17:34
Half Year report to 30 June 2018 Http://res.cloudinary.com/dn9yf2ond/image/upload/v1534973644/Nautilus_Marine_Interim_2018-_Final.pdf The Final Results were out on March 14 last year. So must be imminent. The Group’s business units did not generate any revenues during the six months ended 30 June 2018. During 2017, all revenues from the Group’s business units were generated from oil liftings from the Group’s Bocachico field located in Colombia. This activity resulted in sales of crude oil to one Colombia-based customer which amounted to $140 thousand for the six months ended 30 June 2017. The Bocachico field was shut-in during late 2017 in order to decrease operating costs and environmental risk while the contract area remains uneconomic and remained shut-in during the 2018 period. Half Year Loss $4,677,000 $0.13 a share - Previous Year $6,693,000 $0.19 a share Total Liabilities: $20,732,000 - Previous Year Net Cash used in Activities $3,503,000 - Previous Year $7,013,000 Cash used in operations $3,300,000 - Previous Year $6,835,000 Cash at end of period $14,137,000 - Previous Year $20,108,000
noirua
06/3/2019
19:59
And Mikel walked off with $616K (down from $651K in 2017) which included a $29K car. Where are the shareholders' new cars?
sweet karolina2
06/3/2019
16:19
They've got some old ships that are laid up and some gas fields that aren't producing gas, yet $9m went to money heaven (and related parties!). The related party converting loan into equity needs to be seen as just that IMO - a RELATED PARTY. And every one of these related party deals has been HORRIFIC for shareholders AFAICS. Be careful. Be very very careful.
eezymunny
Chat Pages: 10  9  8  7  6  5  4  3  2  1
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