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Neptune completes placement

PERTH-BASED engineering company, Neptune Marine Services Ltd, has completed the second tranche of a share placement launched in December to raise a total of $60.8 million. Including tranche one, a total of 64.1 million shares was placed at $0.95 each to institutional investors, with Patersons Securities Ltd acting as lead manager to the placement. Neptune managing director and chief executive Christian Lange said the funds raised from the placement had enabled the company to expand its operational capabilities both within Australia as well as into the lucrative North Sea and European oil and gas markets. The completion of the placement follows the announcement earlier this week that Neptune had finalised the acquisition of Aberdeen-based subsea and offshore engineering firm, Ross Deeptech Initiatives Ltd. Jenelle Carter

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Share Price

Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 31/01/18

1 year TSR5 year TSR
449thTempo Australia0%22%
478thJoyce Corporation-1%40%
630thNeptune Marine Services-29%-4%
810thKresta Holdings-76%-25%
709 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

40th↓Quintis$97.4m
41st↑Kresta Holdings$87.8m
42nd↓Neptune Marine Services$82.6m
43rd↑Tempo Australia$81.4m
44th↑Joyce Corporation$81.1m
234 listed industrial companies ranked by revenue.
Source: Morningstar

Remuneration from Neptune Marine Services

124thRobin King$721k
240thVincent Allegre$506k
865thBoon Wee Kuah$140k
Ranked by total remuneration from all listed WA companies

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