"Investors continued to buy back into small-cap contractor Neptune Marine Services on Monday, adding more than 3 percent to the stock after the company announced a contract win. Neptune's shares hit 48c - a more than six-month high- as its specialist fabrication business unit, Link Weld Engineering, was awarded a $10 million contract by Acergy Australia for the fabrication of subsea tie-in spools for Woodside Petroleum's Pluto Liquefied natural gas project in Western Australia. This comes a week after Neptune announced $45 million of repair contracts, covering the North-West shelf, Timor Sea, Gulf of Mexico and Indonesia. Neptune has gained 56 per cent value since March 3. Four brokers have a "buy" recommendation and there is one "hold" recommendation on the stock. Patersons Securities has a "buy" recommendation with a 62c target"
NMS Price at posting:
17.6¢ Sentiment: Buy Disclosure: Held