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I understand why people have doubts about the purchase of the old vessels but the fact is if this company had no future growth plans for its cash pile why would it present at mines and money? Why would it bother telling the world that it plans to build a large marine services and technology company if it doesn't have a realistic plan in place, why would Barclays,Hargreaves and td direct continue to be holders? A good acquisition of an emerging marine tech company perhaps in the gps sector would truely be transformational for example and clearly they do have exciting plans ahead or they would not be promoting the company, guess we will find out more about possible marine tech acquisition on Thursday, good luck all for the week ahead as interest builds in this very unique cash rich company
Naut exhibiting at Mines & Money in November 28th - 30th in London.
The rto was complicated although explained very well in the company presentation on the website, I am of the opinion that if management did not care about private investors why did they go out of their way to personally explain the rto deal in an interactive presentation. As I mentioned I am also of the opinion that Barclays Hargreaves and td direct would have sold their holdings if they believed the same as you believe that the bod are not competent to complete value creating acquisitions following the change in strategy after the rto. This company is just starting out with intentions to build a strong profitable marine services and technology operation, and has an incredibly strong cash balance sheet with which to pursue acquisitions in a depressed market. The Mcap is £6m they have £24m cash in bank and over £10m of marine tangible assets, final results are on Thursday so I guess we will get a greater sense of the future acquisitions in the chairmans report. Thank you for your comments and I wish you well with your future investments
Hi FR; I followed the story of GED for over two years even Simon Thompson tipped them; I managed to get a substantial holding at a very good price; felt like the market was massively under valuing not; the expectation was that the Loan would be repaid; cash returned to shareholders (think legendary Investments); or they make a great acquisition (many firms have taken great advantage of the downturn to increase shareholder value). I was super confident there would be some sort of re-rate - i even spoke to Anna on several occasions. However the Loan was repaid; the deals done where shocking so I lost a lot of trust in management to use the. Ash wisely. That was key for me as I'm of the opinion that compant purely exists to the benefit of management and the majority holders such as the RTO was structured. Naturally I thought I'd keep an eye on this share to see if they do put that money to good use, until then the share will spike once in a while (as is the pattern prior to trading updates) but ultimately cash burn is high for a company that doesn't do anything. They had the best part of two years to buy depressed oil assets, instead they invest in 13 boats which they themselves admit might never be used. Personally think those who managed to buy Sub 14 have a great risk return especially if the board pull a half decent deal out of the bag - will they - I don't believe so. Another poster mention SRT - different kettle - think Sea Energy and look what happened to them.
Hi investor, if you listen to the company presentation on the website the CEO states they are interested in acquisitions in the marine technology sector, this company is at the start of its journey in the marine services sector and I for one look forward to hearing of future acquisitions especially in the marine technology sector, as I previously mentioned why are Barclays, Hargreaves and td direct institutional share holders here? If this company did not have future growth potential surely they would have sold after the rto was announced? These boys do not continue to hold stocks unless they hold growth potential and they believe in management, so although I hear your opinion that you don't trust the management the fact that Barclays Hargreaves and td direct do clearly trust management enhances my own confidence in the future of this cash rich company, if you can find a share on aim that's trading at a 75% discount to cash excluding assets please let me know
I think a big re rate will happen here too based purely on cash value alone of 60p a share giving a 75% discount to cash excluding assets, the company presentation by the directors on the website is excellent, the CEO states they are looking at marine technology aswell, which would certainly be an exciting area to be involved in, lots of opportunities for a cash rich company such as this to build a strong portfolio of assets and create strong revenue streams, the current share price presents fantastic value and those who have done their research and viewed the website and share register will be very impressed indeed
Completely different industry; SRT business (correct me if I'm wrong) more in relation to GPS tracking on boats; legislation passed that required boats to have these devices hence SRT price increased
Not sure if completely relevant to NAUT. Years ago was in SRT. Same industry. I bought in at 8p and it went to 40p in a matter of weeks. They then had low shares in hands same as NAUT. If same applies here then could be a similar rise?
Fundraiser222 in answer to your question am I invested yes. I was looking at the leaderboard on Friday seen the name Nautilus this also happens to be the name of my union. DId a very quick research & bought in 25000 @ 16.8 then 15000@ 16.98 If you look @ my posts I said I would not buy in to any more AIM companies well must confess could not resist this. My posting regarding age of fleet was to paint a true picture rather than people misleading by ramping this up. I am happy with the business plan the vessels may be old but there is no mortgage on them. IF they had bought some fairly new vessels in with large mortgages on them I would not of touched this with a barge pole. IN the future if they get some good contracts they can always bare boat charter in. in the 70s early 80s the Greeks bought up loads of old tonnage & made a fortune then built up the worlds largest fleet of fairly modern vessels so history can repeat its self.
Not many share in issue I gather so on any buying alone this will move. I am not titally up in the business model. Though they probably wil have to spend some cash on the vessel at some point. However, it's a bit like Hermes. A lot of the drivers have beaten up vehicle which look terrible. Though Hermes are cheap and they win contracts. No doubt NAUT are the same. Though cash is king. I agree, though when does a AIM company ever get it's justification from the MM! I'm fence sitting, which probably means it's a winner. You only have to worry if I buy!
"most aim companies trade at a huge premium to cash not a huge discount" - Never a truer word spoken! NAUT 75% discount to cash (not inc. tangible assets). Financials this week. Director buys imminent imo. https://nautilusmarineplc.wistia.com/medias/yzw7t4xvmc https://s3.amazonaws.com/govmedia/nautilus/Shareholder+PowerPoint+Presentation+%E2%80%93+8+February+2017.pdf
Yes they also mention that they are looking at technology aswell as marine assets in the company presentation on the website so they are clearly looking to build a diverse marine services operation backed by a huge cash pile, very excited about this one, as many of you know I was one of the first investors in matd at 2.5p and although I made a very nice profit I sold far too soon, I will not be making the same mistake here I will be holding for the huge gains as the potential is huge all backed up by cold hard cash in bank! the share register is excellent with Barclays and Hargreaves on board and only 24% in free float
Are you invested here bah? Clearly the main thing here is the 60p per share cash value and the fact the share price is trading at a 75% discount to cash which I would say is the only company on aim to be trading at such a huge discount to cash. With regard to the ship assets they are of course in addition to the 60p cash value and as you rightly say there is no mortgage on the vessels and they have been valued at $13m, so I guess even if they scrapped them all the scarp value would be how many millions? Add that to £24m cash in bank then at £6m Mcap looks insanely undervalued, I think it is fairly clear that the market will re rate this to at least 50% cash discount which is 30p next week excluding assets, then we await the final results on Thursday with the full outlook and strategy report for 2017. A good report and director buys will I would imagine push this back to trading at cash value of 60p min and let's face it most aim companies trade at a huge premium to cash not a huge discount.
There is no mention yet from the BOD about chartering in other newer up to date vsls. Im sure Mr Maersk will be more than happy to oblige in sending some of his out on chtr With the gradual increase in the oil price options will soon develop for rig and allied work.
You asked where it states the vessels are junk, just look at the age of them, & I think you will see what I mean. 40 year old vessels are junk compared to modern tonnage. Only one new D.S.V. can cost easily £60 million so seriously the. nautilus fleet is junk. The thing is they are very cheap no mortgage on them, so if they can get contracts there is money to be made.
that the fleet is in a very poor condition and in much need of development/repair (whilst still being worth $13m at sell on/scrap value). Would you then as the BoD (who are major shareholders) burn your £24m cash (and possibly more) on getting them fully operational if a) They chances were slim that you could do it on that budget of b) As stated by bah1, there's little to no market once you have got them operational. Another company i'm invested in recently invested (£1.1m) in another company who in turn used that to help purchase a fully proven oil field in the North Sea for ($4m). The company that bought this oil field will shortly IPO on AIM in order to raise the funds necessary to now develop this fully proven field into production. I stand to receive almost double the value of my original investment as a dividend in news in the new company upon listing. Completely irrelevant to NAUT but my point being that CASH IS KING. NAUT doesn't have £1.1m to invest ultimately in what it likes, it has £24m! The MCAP is £6m. Financials are this week. The feeling is that the directors will be buying as soon as they are out of the closed period. It's grossly undervalues. Everyones missed it. Minimal free float with major investors still holding. Good luck buying in next week!!
Can you share with us where it states that the vessels are Junk? as far as i can see it states by RNS there are 11 vessels purchased plus a Barge pole vessel? As far i can see NAUT received these vessels for cancellation of an 8M$ debt that was never going to be paid back, these assets have been independently audited at a value of 13M$ All the above to one side. If the company was to be wound down and cash distributed to shareholders that would equate to 60p per share. Even if the vessels are junk as you say.
So fundy is this another just company........until you sell?!
A 50% gain on no news I don't think we are being told the complete story here. I have a large knowledge of the offshore industry sailing on offshore vessels for the last 20years in capacity as Chief Engineer, at present I see myself lucky to be employed with the largest Australian offshore company. I have had a quick look at the vessels that they have purchased, & make no mistake they are a heap of junk, they are very old. It will take a lot of money & time to make these vessels fit for future contracts. At the moment the offshore vessel market is on its knees, to many vessels laid up, chasing to few contracts, which in turn means reduced rates. Some of this fleet will not work again saying that do not just take my opinion on this they basically admit that in one of the RNS. That may appear very negative what I have written, but there is signs of a pick up in the market, maintenance offshore cannot be put off for ever. IF they can get 2 or 3 of these vessels working revenue coming in maybe reinvest get another 2 or 3 working more revenue. Scrap the rest of there fleet & start investing in some larger more modern vessels, means higher rates. There is plenty of good laid up vessels at the moment that the banks or finance houses own. The one good thing is they do not have large mortgages on this fleet of junk. Many offshore companies started off just like this slowly slowly.
Also Barclays, Hargreaves, and td direct clearly still believe in the board to make the right moves or they would have sold out, so it gives me added confidence that these huge institutional investors still hold and believe in the future of this cash rich company, best wishes investor and thanks for your comments
Thanks for your opinions investor, I have done my research spoken with the directors viewed the website in detail and I now own over 1% of the free float and I am happy to be a share holder at a 75% discount to cash value. Even at 30p the share price would still be at a 50% discount to cash. I guess if the board do a super deal as you say then this will be trading higher than cash value like nearly all aim companies do at over 60p so happy with the risk reward ratio of my investment and I look forward to the final results on Thursday. Have a good weekend all
If the directors buy it's not necessary a good thing; how many times have you seen directors buy and then the share price goes the other way; my concern with this share as was proven by the RTO is that the directors can pass anything they like because they hold so much of the float; if they continue to buy you have less influence over the decisions. The last RTO would never have bee approved if there was a large free float. Admittedly if they do a super deal THEN the investment case changes but based on current circumstances it doesn't and I will not invest based on potential as the board have proved they don't have the necessary business acumen, naturally if you believe in the potential and the board to make the right move then go ahead and invest;
Number % HKN Inc. and Parties in Concert 22,567,016 62.49% Barclays Wealth Mgmt (UK) 1,246,359 3.45% Hargreaves Landsdown Asst Mgmt 1,220,926 3.38% TD Direct Investing 1,031,923 2.86% Thelese (Mr & Mrs D Worley) 1,090,542 3.02%
Can I just ask if the directors buy after the close period ends on 9th march what will you be saying then? I urge you to email Anna Williams and ask her if the directors intend to buy any shares, that will change the whole picture in terms of sentiment and confidence will be restored once directors start buying at this insane discounted price, you will not see a share on aim this cheap again with cash of approx £24m and over £10m in tangible assets, yet the Mcap is less than £6m, if directors do indeed buy on or after the 9th when final results are out a re rate to cash value is probable which is around 60p a share, I assure you there is not a share on aim with this sort of potential for a 4 bagger with hardly any risk at near 75% discount to cash, also for the de rampers if this was such a bad share why do Barclays and Hargreaves continue to be ii holders? I guess all the de rampers must know something Barclays and Hargreaves don't two of the worlds most respected institutions! 24% free float and most of that is taken by pi's with averages over 23p, final results within the next 4 trading days as confirmed by the company, easy 60p cash value on the cards if director buys are confirmed on or after the 9th, have a good weekend all
Why don't u go to the website and watch the presentation, they explain everything what aims and goals are. They have 7.5 million dollars coming in the end of thus month from loan notes and then another half a million dollars on the 15th of April , so there def strapped for cash, the results out 9th if March , and Anna Williams has said the board will be able to purchase shares after that date. There is only 25% of the shares available to us lot, they have a bulging bank balance before the money owed back to them. What's not to like at today share price assets and cash they have its very cheap