Latest Forum Topics / Mermaid Maritime Last:0.163 -0.002 | Post Reply |
Mermaid Maritime
|
|||||||||||||||||||||||||
mingmataaaa
Member |
13-Nov-2017 21:56
|
||||||||||||||||||||||||
x 0
x 0 Alert Admin |
Really? Link to the news last week?
|
||||||||||||||||||||||||
Useful To Me Not Useful To Me | |||||||||||||||||||||||||
fatpanda
Supreme |
13-Nov-2017 21:04
Yells: "Another wonderful day!" |
||||||||||||||||||||||||
x 0
x 0 Alert Admin |
This is already known, 3Q financial result was published last week. Old news. | ||||||||||||||||||||||||
Useful To Me Not Useful To Me | |||||||||||||||||||||||||
|
|||||||||||||||||||||||||
Wind22i
Supreme |
13-Nov-2017 20:51
|
||||||||||||||||||||||||
x 0
x 0 Alert Admin |
Gone :
https://www.theedgesingapore.com/mermaid-maritime-sinks-red-posts-3q-losses-28-mil |
||||||||||||||||||||||||
Useful To Me Not Useful To Me | |||||||||||||||||||||||||
WL123456
Supreme |
10-Nov-2017 10:28
|
||||||||||||||||||||||||
x 1
x 0 Alert Admin |
Bullish formation today. Good luck to those holding . Next qtr announcement should be good . Oil stabilising around usd$64 should be the added catalyst . | ||||||||||||||||||||||||
Useful To Me Not Useful To Me | |||||||||||||||||||||||||
kangaroo11
Veteran |
09-Nov-2017 11:33
|
||||||||||||||||||||||||
x 0
x 0 Alert Admin |
Why you parrot me lol! Already priced in, thats why share price > 2X of its competitors. The declining service income and ultra thin nett profit margin is verifiable on mermaid' s website as well lei!  
|
||||||||||||||||||||||||
Useful To Me Not Useful To Me | |||||||||||||||||||||||||
|
|||||||||||||||||||||||||
WL123456
Supreme |
09-Nov-2017 11:14
|
||||||||||||||||||||||||
x 0
x 0 Alert Admin |
When you talk like this , everyone knows you are talking nonsense . Since August 17 , they have announce contracts won till date totaling more than usd $300 million. It?s a positive cash company ($106 million) in their bank account and has debt to equity ratio of 0.36x.( where to find ) Upcoming FY announcement should be good and I expect dividend to resume . Please refer to their website for contracts won , cost savings implementation and cash flow statement . A decent stock to hold for the Long run . Not for contras .
|
||||||||||||||||||||||||
Useful To Me Not Useful To Me | |||||||||||||||||||||||||
kangaroo11
Veteran |
08-Nov-2017 17:32
|
||||||||||||||||||||||||
x 0
x 0 Alert Admin |
Today lao sai, the market have spoken! Balance sheet ok. But P& L weak like all the other O& M companies. Decling service income, ultra thin nett profit margin, maybe this is why they managed to get so much job! Share price already doubled as compared to some of its competitors, so market have already full priced in the stronger balance sheet.   |
||||||||||||||||||||||||
Useful To Me Not Useful To Me | |||||||||||||||||||||||||
WL123456
Supreme |
08-Nov-2017 11:08
|
||||||||||||||||||||||||
x 0
x 0 Alert Admin |
Your report is on the 18/8/2017. Since then they have won new contracts and the shares has been upgraded . This company is in good hands and I expect more contracts coming now that oil has hit usd$64.
|
||||||||||||||||||||||||
Useful To Me Not Useful To Me | |||||||||||||||||||||||||
|
|||||||||||||||||||||||||
WL123456
Supreme |
08-Nov-2017 10:52
|
||||||||||||||||||||||||
x 0
x 0 Alert Admin |
I think the report by cimb was before the new contracts Won. They just got a few contracts totaling more than $200 million. Can check their announcement . | ||||||||||||||||||||||||
Useful To Me Not Useful To Me | |||||||||||||||||||||||||
Wind22i
Supreme |
08-Nov-2017 10:06
|
||||||||||||||||||||||||
x 0
x 0 Alert Admin |
https://www.theedgesingapore.com/mermaid-maritime-downgraded-%E2%80%98alarming%E2%80%99-shrinkage-order-book | ||||||||||||||||||||||||
Useful To Me Not Useful To Me | |||||||||||||||||||||||||
Wind22i
Supreme |
08-Nov-2017 10:03
|
||||||||||||||||||||||||
x 0
x 0 Alert Admin |
Previously i believe it was downgraded by cimb for alarming shrinkage of orderbook | ||||||||||||||||||||||||
Useful To Me Not Useful To Me | |||||||||||||||||||||||||
WL123456
Supreme |
08-Nov-2017 09:49
|
||||||||||||||||||||||||
x 1
x 0 Alert Admin |
Would agree as the company is in great financial health . With the hundreds of millions of contracts , we should start seeing dividend in the coming FY. Cheers . Still very cheap to buy now .
|
||||||||||||||||||||||||
Useful To Me Not Useful To Me | |||||||||||||||||||||||||
|
|||||||||||||||||||||||||
Msport
Elite |
08-Nov-2017 08:33
|
||||||||||||||||||||||||
x 1
x 0 Alert Admin |
Company DescriptionMermaid Maritime Public Company Limited, together with its subsidiaries, provides various services to the offshore oil and gas industries in Saudi Arabia, Thailand, Indonesia, Qatar, Russia, Korea, China, Myanmar, Singapore, the United Kingdom, and internationally. The company operates through Subsea Group, Drilling Group, and Holding segments. It provides subsea services, including infrastructure installation support, remotely operated vehicle support, and cable and flexible pipe laying services, as well as inspection, repair, and maintenance services through operating nine subsea vessels. The company also offers offshore drilling and accommodation rig services through its ownership in one tender assist drilling rig, one accommodation barge, and three high specification premium jack-up drilling rigs. In addition, it provides hydrographic survey and positioning services diving, ROV, and subsea contracting services and production and drilling exploration services. The company was founded in 1983 and is headquartered in Bangkok, Thailand. Mermaid Maritime Public Company Limited is a subsidiary of Thoresen Thai Agencies Public Company Limited.
|
||||||||||||||||||||||||
Useful To Me Not Useful To Me | |||||||||||||||||||||||||
Foo2019
Member |
08-Nov-2017 06:52
|
||||||||||||||||||||||||
x 0
x 0 Alert Admin |
Thank you for your humble and constructive opinion of this stock. This stock was at the highest of about  $2 (IPO 2007 :$1.32) during 2008 before the financial crisis happened in 2009 followed by the oil crisis in 2014. She has survived through these 2 periods with a strong balance sheet with a team of good management and recently has won abour $200 million contracts. The P/B value is standing at 0.48 which equate to NAV 0.33 cents and the PE is about 13 (< 15). This is a good buy awaiting the true potential value to be unlocked. I believe she will achieve 0.50 in matter of time when the oil hit $70 (on track to recovery) and there is more room for the bull to run (low interest rate and inflation) before it crashes. I would lock this gem in the cabinet and will visit this site again in 1H 2018 :-) WL...Best of  Luck..Yours friendly positive Aussie mate :-)
|
||||||||||||||||||||||||
Useful To Me Not Useful To Me | |||||||||||||||||||||||||
kangaroo11
Veteran |
07-Nov-2017 17:26
|
||||||||||||||||||||||||
x 0
x 0 Alert Admin |
i agree mermaid not bad lah but $0.50 mid-term? U mean mermaid ships can swin underwater like a mermaid meh? lol!
|
||||||||||||||||||||||||
Useful To Me Not Useful To Me | |||||||||||||||||||||||||
WL123456
Supreme |
07-Nov-2017 15:53
|
||||||||||||||||||||||||
x 0
x 0 Alert Admin |
I am not sure if it will hit $0.50 but $0.20 -$0.30 should be ok . Anyway now the price retrace abit to 0.161. A good price to enter if you miss . Futures for WTI delivery for Feb 2018 already hitting usd57.63(CME Group) . Now that oil is at $63-$64 , profit is definitely in for mermaid . Expect more contracts coming in . The most important aspect is this company is the best O and G company among others to invest in . It has zero debt ( means no share dilution and debts to repay) and it?s a net cash company(has cash on hand to make acquisitions if any) once in profit , expect them to resume dividend paying days) . The Best Bet for the O and G recovery due to oil.
|
||||||||||||||||||||||||
Useful To Me Not Useful To Me | |||||||||||||||||||||||||
Foo2019
Member |
07-Nov-2017 12:40
|
||||||||||||||||||||||||
x 0
x 0 Alert Admin |
agreed..will hold for mid term for 0.50 or more :-)
|
||||||||||||||||||||||||
Useful To Me Not Useful To Me | |||||||||||||||||||||||||
WL123456
Supreme |
07-Nov-2017 12:33
|
||||||||||||||||||||||||
x 0
x 0 Alert Admin |
Wah only after few hours now 162. Looks like it?s heading to 0.17 soon . NAV usd 33c . Zero debt net cash company now only at sgd0.162. Super cheap company . With oil now heading to $70, those whose pockets are deep can hold and make decent profits. Not for contra though . Should be $0.2 in a short while .
|
||||||||||||||||||||||||
Useful To Me Not Useful To Me | |||||||||||||||||||||||||
WL123456
Supreme |
07-Nov-2017 09:21
|
||||||||||||||||||||||||
x 0
x 0 Alert Admin |
There?s no double top. Oil is now at $64/$65. This price alone will bring MM to recovery . 100% sure you won?t MM at 0.157 in a few weeks time .
|
||||||||||||||||||||||||
Useful To Me Not Useful To Me | |||||||||||||||||||||||||
WL123456
Supreme |
07-Nov-2017 04:28
|
||||||||||||||||||||||||
x 1
x 0 Alert Admin |
Oil at $64 now , this fella will fly . | ||||||||||||||||||||||||
Useful To Me Not Useful To Me |