Nautilus Marine Services Share Discussion Threads

[noirua] 06/3/2019 14:45

A very serious game being played here as NAUT are desperate to cut ongoing costs and so far the result of efforts has been quite miserable. Those who converted their loans into shares at 50p must surely have an agenda here that has not yet played itself out.

[eezymunny] 06/3/2019 07:59

Maybe gas assets sold to related party for $1? That would fit with the apparent modus operandi...IMVHO

[eezymunny] 06/3/2019 07:56

Excellent. Another $9m+ sucked out of the company and NAV down to $9m. What happens next?

[noirua] 24/2/2019 12:15

We all know that news is paramount here. Will NAUT sell their gas assets and for how much. Will they sell all those ships that are moored up costing a pretty penny to insure and maintain.

[dave4545] 20/2/2019 22:33

Yeah it's rare the bid or offer is more than 50-100k in this.

While big gains can be had in this it's most certainly a stock to add to the
"market maker list" a stock where they often rob people both ways.

On the last spike none of the sellers got anywhere near the bid they were quoting.

Buy gently as it drifts and offload as it spikes with this one

[boyleslaw] 20/2/2019 22:12

£240 moved it down almost 0.5p yesterday lol

[noirua] 20/2/2019 16:55

Share certainly showing signs that movements either way could be very sharp indeed.

[dave4545] 16/2/2019 11:04

Thanks sigora

[sigora] 16/2/2019 10:27

your on a roll dave here pat skin rgb well done

[dave4545] 16/2/2019 10:01

Amazed none of the buyers yesterday sold the same day for a loss.

Are we finally getting some common sense in the markets now. If you hold you tend to get a profit in the end

[boyleslaw] 16/2/2019 09:52

Just waiting for the sale to be announced.

[noirua] 16/2/2019 00:04

Chart looks interesting at this point.

[babbler] 15/2/2019 14:07

what's the spread at 14p to 8p please? ;D

[dave4545] 15/2/2019 10:10

Terrible spread.

If you did buy keep it to 25k or less and you get 8.42p, anything higher and it's 8.6p+

[noirua] 14/2/2019 11:50

Long term debt is now paid down from $31.6 million to $21.1 million.

Significant sum expected from sale of gas assets and reduction in ongoing costs:

A hope that cash from these assets will be distributed to shareholders eventually. Might be a reason for recent loan conversions as debt holders would receive nothing. A sum of $12 million £9.3 million would equal 17p to 18p a share distributed.
The remaining debt is 160p and 225p and might be converted if the cash distribution is higher.

[noirua] 14/2/2019 01:06

Shares issued 52,505,529
McClarty - 12,524,590 = 23.853% -$7,640,000 £6,262,295
Aeterna - 3,868,852 = 7.37% -$2,360,000 £1,934,426

Directors hold 634,768 shares = 1.21%


· 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;
[These are now all converted]


· 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;
[3,125,000 shares]

· 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.
[5,464,480 shares]

[If all loan notes are converted they would equal 41% of NAUT. Another 5,500,000 shares approx for 50.1%, on market]

[ayesha4] 13/2/2019 15:25

They are looking to return multiples of current share price to shareholders. This is a no brainer

[sigora] 13/2/2019 13:20

thats a nice way of putting it noirua lol , audi for a mondeo lmao

[noirua] 13/2/2019 13:17

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.

[babbler] 13/2/2019 11:57

how much cash does cnel have compared to mcap?

[babbler] 13/2/2019 10:34

forget the damn conversion and look at cash and imminent asset sale. Idiots will hold for 20 mins and lose the lot after 10 trades. With any luck... imo.

[babbler] 13/2/2019 10:31

if you say so.

[ghhghh] 13/2/2019 10:24

I'm long term holder when it looked like safe cash shell!

What's the scam? Looks too good etc. Are the insiders stake building with a view to?

Probably not good for us shareholders!

[frrinvest] 13/2/2019 10:06

This will rocket once sellers of previous rise are out of the way. Whether it will get to 50p is anyone's guess but does have enough to propel it much further than now.