big buy orders for neptune marine services, page-5

Yes, poppy, NMS has and continues to be deeply unpopular with former holders, some of whom are still (patient) holders. So it should be too, though, given its crash, and further crash since the capital raising @ 5c. If it wasn't lambasted, I'd be wondering why. I felt vicarious outrage at the losses from this company.

This kind of stock is not going to have the broker coverage of some other stocks, but then again, most of the coverage from brokers is paid for by companies anyway, and is either part of the service for having conducted a capital raising, or a prelude *to* a capital raising- that's at the speccy end, at least. Hence, they're pretty useless guidance, imo, and funnily enough, they almost always have "speculative buy" recommendations, which they say should mean a 30% profit coming up- quite a bit of nonsense, and usually wrong.

What I find interesting is that the ANN which spoke of an offer for the company, said there were restrictions including "lock up provisions", and NMS didn't want that. As the company refuses to lock itself up to one offer, it has effectively put itself in play. I thought the trading was interesting today: when the SP fell to some 9% down, or 2.8c, there were others who stood up to the plate, and overall, we ended up with $120k being bought and sold, which is a fair amount given the Ords being so red, and a decent volume for this share in general.

"Crash shares", as I call them, will retain a bad taste, until they rise and rise again. If this company ever does get taken over, it should be a premium above 5c, in my view- so say 5c +30% premium = 6.5c. I say that because those who supported the company in the capital raising (and I recall people attending the raising meetings, and discussing the new head of company, and how good he was, etc etc), ought be "rewarded" by at least getting their capital raising capital back, plus a premium to boot. "Turnaround" stories, are probably notoriously hard, but may be worth a punt at the bottom end.