Nautilus Marine Services Share Discussion Threads

[eezymunny] 29/1/2019 15:16

It's perfectly possible that better stuff will happen. But it's years and years since those oil assets were sold and nothing good has happened since. An immense amount of value has disappeared from your company.

[frrinvest] 29/1/2019 15:10

EezyMunny I think you could be proven wrong, wait and see. Yes, I have bought and tucked away though not at the price you was insinuating earlier. May buy more if the price drops a tad. Best of luck to all.

[ayesha4] 29/1/2019 13:21

Its been to above 14p recently. It will get there again

[babbler] 29/1/2019 11:41

Ayesha - yes... + cash... this should be way above 10p... but market busy elsewhere and yet to believe the story here... RISKY yes... but return here could be massive... imo.

[ayesha4] 29/1/2019 11:22

Babbler - they have had at least 2 offers which in themselves are way more than the market cap.This is just a buy and tuck away story. Management may be corrupt but this is AIM.

[babbler] 29/1/2019 10:15

ps cash is more than mcap here.

[babbler] 29/1/2019 10:14

My post on lse shows the possible value of the Colombian asset... why would multiple people be interested if it was worthless... answers on a postcard please....

[ayesha4] 29/1/2019 08:23

Their aim is to get it to 50p. Im certain management will ramp it all they can with newsflow. Theres money to be made here

[eezymunny] 28/1/2019 16:47

Don't tell me. You bought into a big spike here and now seek to defend your idea, despite clear evidence that perhaps it was a bad one?

Try looking at cash and tangible book value over the last 4 or 5 years. Add up how much value has been sucked out of this in these related party transactions, then report back to the class.

[frrinvest] 28/1/2019 15:32

Record shows they been selling at a profit. So no reason to assume they can't do it again. Its very easy to be downbeat when you don't know the facts. None of us do, we are only speculating. But then again if you don't have confident in management then sell and go elsewhere. There is deffo value here, how it will be realised remains to be seen. Best wishes.

[eezymunny] 28/1/2019 13:14

Yes well they sold a lot of oil assets a while back.

www.investegate.co.uk/global-energy-dev---naut-/rns/llanos-basin-properties---sale-completed/201412050700109237Y/

That left them with a big cash pile. That cash pile was largely used to buy (apparently) rusty old ships from related parties, that have never been used since. So if they do manage to sell some more assets you have to ask, IMO, if you as a minority shareholder are going to benefit from that or whether related party deals, cough, will, once again, impoverish you horribly!

[babbler] 28/1/2019 09:49

what about the oil asset they are about to sell... you seem obsessed by rusty ships. imo.

[eezymunny] 28/1/2019 09:39

Arguably just like FRR - your best interests may not be top of the company's priorities IMVHO! DYOR

[eezymunny] 28/1/2019 09:38

frrinvest read my post 95 and tell me if you still think it's a no brainer...

[frrinvest] 28/1/2019 09:29

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.

[noirua] 25/1/2019 11:48

Interest on four fronts here. Just needs a bit more patience.
Sale of oil assets.
Sale of ships.
Share conversions.
A bid.

[frrinvest] 25/1/2019 10:12

Agree. Value in these.

[ayesha4] 25/1/2019 09:35

Will be near cash at some point. Undervalued and seems management lining ducks up

[babbler] 24/1/2019 16:23

what's even funnier is people selling at 6.16 when they coukdbhave had over 7 earlier. And yes I got live quotes.

[dave4545] 24/1/2019 15:50

agree on that

[babbler] 24/1/2019 15:49

ps... people lying 4 to 6p for flybe when they are told its only worth 1p. THAT'S a scam imo.The trading world makes no sense

[babbler] 24/1/2019 15:47

because they are in negotiations for selling some of their assets so I guess they can't?

[dave4545] 24/1/2019 14:59

Is this scam then ?

I mean if they have tons of cash worth multiples of share price why are directors and those in the know not piling into this with every penny ?