nms in play?, page-40

Even though I have not posted for a while on this forum, the statements below need to be commented on. Whoever wrote this article needs to do a little bit more homework in my opinion


"The private equiteers are leaving nary a stone unturned in the search for value, and hte oil and gas services sector is proving to be a rich hunting ground.

I AGREE

The latest to be stalked is tiddler Neptune Marine, capitalised at about $106 million and trading on a forward prices-earnings multiple of 9.23 times, dropping to just over 7 times in the following year.

I AGREE

It's understood the underwater welding services provider has received initial approaches from two private equity firms and while the discussions are at an early stage and may amount t omere tyre-kicking, the company is said to be in play.

HOW CAN YOU COMPARE MERMAID MARINE WITH NEPTUNE MARINE AND CALLED THEM PEERS - ONE IS CHALK AND THE OTHER IS CHEESE





Compared with its larger peer Mermaid Marine on a P/E of over 13 times for the next two years, Neptune looks fairly cheap, the shares having dived over 60 per cent in the past 12 months.

While management downgraded full year profit guidance in July, it pointed to an improved performance in 2011.



It hasn't been smooth sailing for the likes of Miclyn Express Offshore either, which trades on a forward P/E multiple of about 6 times.

Miclyn services the offshore oil and gas industry in South-East Asia, Australia, the Middle East and the North Sea, and has a fleet of about 115 vessels.

It is a direct competitor to Mermaid Marine, which was offered the opportunity to merge with Miclyn before it was floated."

WHAT ABSOLUTE RUBBISH. MERMAID MARINE MAY HAVE COMPETITION IN THE OIL AND GAS INDUSTRY. HOWEVER A DIRECT COMPETITOR. I DO NOT THINK SO.

The credibility of some of these reports coming up, definitely need to be vetted.

I am sure that my comments will upset some people, however the verbal coming out by some of the analysts is absolute rubbish

I still hold Neptune Marine shares