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Mermaid Maritime
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Mermaid Maritime
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sengkang
Veteran |
04-Mar-2025 14:33
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Based on all time high of 23.5c and lowest at 4.5c, on 67% retracement, I estimate that SSH will have to support the baseline price of 10.8c.....
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TraderBen
Supreme |
04-Mar-2025 13:27
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aiyo aiyo.. totally no support at all.. nobody wants the rights.. | ||||
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TraderBen
Supreme |
04-Mar-2025 09:53
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i rem there was once MM called off a rights issue at 7 cents.. but current situation is different.. seems like they are unable to pay off debts already.. i wonder how they get into such mess.. higher revenue makes things worse.. need much higher expenditure.. | ||||
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TraderBen
Supreme |
04-Mar-2025 09:40
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at 116 now.. who is going to subscribe for the rights? might as well call off..
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sengkang
Veteran |
04-Mar-2025 09:33
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This rights issue is a case of inadequate cash for working capital and bankers not willing to bankroll further. Hence parent co has to cough out hard cash. Minority shareholders holding the can has either to subscribe or forgo rights at 11.8c. No assurance that the price may go up after xd. Tough situation.
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TraderBen
Supreme |
03-Mar-2025 15:58
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havent even CR alrdy this price.. when XR will be below 10 cents.. | ||||
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TraderBen
Supreme |
03-Mar-2025 11:30
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lousy managenment.. at this price who will want to subscribe the rights.. should take out some money to push to 13x at least.. then will make those shareholders feel worth it.. even at 122 also not worth subscribing.. but i feel their main purpose is to make the thai SSH have a bigger pie of the company.. and repay themselves for the parent loan.. to be honest there is still chance for this company to turn around.. as long as they can manage their cost better.. but not worth the risk at 0.118.. 0.03 i will consider.. DYODD
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Ramster
Master |
03-Mar-2025 11:25
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Will hold until things stabilise then sell off my holdings | ||||
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Stocky901
Supreme |
03-Mar-2025 11:20
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118 also broken.. very bad fund raising plan 😭 | ||||
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TraderBen
Supreme |
03-Mar-2025 11:15
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BIG sellers come liao.. totally no support at all | ||||
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TraderBen
Supreme |
03-Mar-2025 11:13
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no analyst will care about this type of stock.. become like construction company alrdy
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GreenSprout
Member |
03-Mar-2025 11:03
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Two strike previously, and I was out the last earnings...
Third strike...same thing happened. High revenue but low low low and super low profits. In a few more rounds, it will be in red...downgrades coming? |
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TraderBen
Supreme |
03-Mar-2025 10:58
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no point buying now and then need to sub the rights at 118.. | ||||
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TraderBen
Supreme |
03-Mar-2025 10:22
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indeed it is a hopeless stock.. need to emphasize the 500m revenue with 4m profits.. WTH man.. this company is very labour intensive.. over 1000 skilled workers that prob explains why.. without all these pple the company cant operate.. with these pple.. the company is being milked left right center.. better get out asap.. DYODD
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Stocky901
Supreme |
03-Mar-2025 09:47
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This is how peoples get trapped in this hopeless stock.. be very careful.. 🤐
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TraderBen
Supreme |
03-Mar-2025 09:03
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look at what i meant.. dont get tricked by the few buyups to 124 | ||||
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TraderBen
Supreme |
03-Mar-2025 08:43
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i feel the price today might even go lower than the rights.. no point subscribing even if u want to invest in this company.. and the earnings are not even sustainable.. 500m of revenue with 4m profits.. i wonder how can this be done also.. where is the cost control they have been boasting all these years.? and until today they are still painting the bright picture with how many billions of projects DYODD
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Ramster
Master |
03-Mar-2025 08:38
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You could buy the right shares to average down the price of your holding | ||||
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TraderBen
Supreme |
03-Mar-2025 07:58
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After today will be much lower. I think can even buy cheaper than the rights. So likely only the Thai family will be paying for the rights. Will prob raise about 60-70m which is good enough to pay off themselves for at the same time
Get more portion of the company. Smart move by them but not so good for shareholders. Those bought over 20 cents likely will be stucked for a long time until the results can be better. This recent set of results has labeled mermaid more like a Construction company rather than marine and odffshore. The profit margin is so bad.. I will be waiting for the right chance to unload every single share of mermaid. Just bad foresight.. other o&m companies doing so well.
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TraderBen
Supreme |
03-Mar-2025 07:53
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After they issue you with the rights you can choose to subscribe payment thru EPS or chq likely. After subscribing and allocated. U cut will become main shares which you can sell. It?s just that the rights are non tradable
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