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Neptune Marine secures contract

NEPTUNE Marine Services Limited has secured a major upgrade in an existing contract to repair infrastructure at Cullen Bay marina in Darwin. This upgrade represents the company’s largest contract since its listing on the ASX last year and lifts Neptune’s first half 2006 revenues significantly past operational revenues earned in the 2005 financial year. Neptune CEO Richard Wolanski said revenues expected to be generated from the Darwin Marina project would be approximately $1 million with work concluding in December 2005. “The project takes Neptune into a new realm with respect of the size of the projects the company is able to complete,” he said. “The contract is repeat client business and this is testimony to the quality of work the company is able to achieve with our patented dry underwater welding technology.” Consulting engineer Kellogg Brown and Root will oversee the expanded contract, which involves repairing the remaining gate infrastructure. Neptune will be involved in removal, refitting and re-installation of the infrastructure and is prime contractor to the project.

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Share Price

Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 29/03/18

1 year TSR5 year TSR
66thValmec157%-5%
149thPioneer Credit67%0%
410thMerchant House International3%7%
570thPacific Energy-20%6%
596thNeptune Marine Services-26%-4%
716 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

07/09/17
$2k Issued
07/09/17
$0 Issued
13/09/16
$59k Sold
Total value as at the date of the transaction
Source: Morningstar

Revenue

42nd↓Neptune Marine Services$82.6m
45th↑Valmec$72.9m
46th↓Merchant House International$72.8m
48th↑Pacific Energy$58.0m
49th↑Pioneer Credit$56.3m
236 listed industrial companies ranked by revenue.
Source: Morningstar

Remuneration from Neptune Marine Services

118thRobin King$721k
831stBoon Wee Kuah$140k
719thPeter Wallace$93k
Ranked by total remuneration from all listed WA companies

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