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BIG sellers come liao.. totally no support at all
no analyst will care about this type of stock.. become like construction company alrdy
GreenSprout ( Date: 03-Mar-2025 11:03) Posted:
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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?
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?
no point buying now and then need to sub the rights at 118..
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
DYODD
Stocky901 ( Date: 03-Mar-2025 09:47) Posted:
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This is how peoples get trapped in this hopeless stock.. be very careful.. 🤐
Ramster ( Date: 03-Mar-2025 08:38) Posted:
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look at what i meant.. dont get tricked by the few buyups to 124
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
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
Ramster ( Date: 03-Mar-2025 08:38) Posted:
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You could buy the right shares to average down the price of your holding
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.
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.
Stocky901 ( Date: 01-Mar-2025 15:50) Posted:
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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
ryukifaiz ( Date: 01-Mar-2025 14:40) Posted:
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TERP is 0.1256...
How to subscribe to the rights ? If subscribe means to pay more at 0.118c each share? If the rights untradeable , what's the point to subscribe?
They could have pushed the price higher and they can price the rights at 138 or what but the thing is that very likely most of the SSH will sell out on Monday. Only the Thai family will subscribe. One thing good about non renouncable rights is that when lesser pple subscribe to the rights , the lower the dilution will be.
500M of revenue only 4M profits OMFG.. what a sheeet company is this??
Non renouncable rights means rights cannot be traded or sold even if you do not want to subscribe. So company is forcing investors to subscribe or face dilution. Monday could even open lower than $0.11.
ryukifaiz ( Date: 28-Feb-2025 22:40) Posted:
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They need money.. I am out of mermaid .. mon open might be 118. Lousy management. Suay, out of bk, mm n mc choose mm to hv the biggest holdings..
Can explain in more details?
PROPOSED NON-RENOUNCEABLE NON-UNDERWRITTEN RIGHTS ISSUE
issue price of S$0.118 for each Rights Share on the basis of four Rights Shares for every seven ordinary shares in the capital of the Company held by the
shareholders
https://links.sgx.com/1.0.0/corporate-announcements/LVQJ2PDACOLV5N9S/835314_Project%20Angthong%20-%20Rights%20Issue%20Announcement_28Feb25_final.pdf
issue price of S$0.118 for each Rights Share on the basis of four Rights Shares for every seven ordinary shares in the capital of the Company held by the
shareholders
https://links.sgx.com/1.0.0/corporate-announcements/LVQJ2PDACOLV5N9S/835314_Project%20Angthong%20-%20Rights%20Issue%20Announcement_28Feb25_final.pdf
Result year on year is improved.. but the profit margin is very low.. Cost accounted for 92.6% of total revenues.. what is this?🤐 No cost management? 😕 😕
Ramster ( Date: 28-Feb-2025 09:14) Posted:
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