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Wah drop your swimsuit so fast ? Mermaid still inside leh . Haven?t found it yet . Hahaha. Congrats .
chillipadi ( Date: 29-Jan-2018 16:42) Posted:
i stop swimming halfway first...
u all continue ya... =D
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i stop swimming halfway first...
u all continue ya... =D
You all better treat me the premium yakun Kopi lol.
chillipadi ( Date: 29-Jan-2018 16:39) Posted:
this mermaid today so hiong...
sure is mermaid and not frogman? |
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No lah...small small only.
Any reason for the sudden surge
this mermaid today so hiong...
sure is mermaid and not frogman?
This commando confirm buy many tickets to swim with mermaid . When he says enjoy the ride , I smell it hahaha. Think he bought more than me .
commando ( Date: 29-Jan-2018 16:34) Posted:
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.186!
0.184! Nice :-)
Lol...
LOL...!
Scarly later come out one naval diver...
WL123456 ( Date: 29-Jan-2018 15:57) Posted:
Those commando quiet quiet Swimming beside us u TIL we don?t know lol . Truely commando ! Haha. Having a commando with us make us safer just in case the mermaid eat us lol .
commando ( Date: 29-Jan-2018 15:53) Posted:
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Those commando quiet quiet Swimming beside us u TIL we don?t know lol . Truely commando ! Haha. Having a commando with us make us safer just in case the mermaid eat us lol .
commando ( Date: 29-Jan-2018 15:53) Posted:
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you too! =D
commando ( Date: 29-Jan-2018 15:53) Posted:
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Enjoy the ride!
.177
wahhhhhh =D
WL123456 ( Date: 29-Jan-2018 15:48) Posted:
Wah Lao eh...:( where got people like that . Btw it?s 176. Don?t treat me yakun Hor. 176 is up 20 plus pup. No yakun pls . Our first meeting cannot be yakun. Lol
chillipadi ( Date: 29-Jan-2018 15:37) Posted:
is u who need to buy me lunch la........ i let u swim along beside me leh... 
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Wah Lao eh...:( where got people like that . Btw it?s 176. Don?t treat me yakun Hor. 176 is up 20 plus pup. No yakun pls . Our first meeting cannot be yakun. Lol
chillipadi ( Date: 29-Jan-2018 15:37) Posted:
is u who need to buy me lunch la........ i let u swim along beside me leh...
WL123456 ( Date: 29-Jan-2018 15:26) Posted:
| Eh sis enough hor. When I tell u to swim together , it?s already very cheap price . Now you want cheaper ? How can 😂 😂 😂 . I think you guys should treat me for introducing such a chiobu to you . Haha |
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is u who need to buy me lunch la........ i let u swim along beside me leh...
WL123456 ( Date: 29-Jan-2018 15:26) Posted:
Eh sis enough hor. When I tell u to swim together , it?s already very cheap price . Now you want cheaper ? How can 😂 😂 😂 . I think you guys should treat me for introducing such a chiobu to you . Haha.
chillipadi ( Date: 29-Jan-2018 15:01) Posted:
| Mermaids Mermaids, can move a few pips down? I wanna jeep abit more....... :( |
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Eh sis enough hor. When I tell u to swim together , it?s already very cheap price . Now you want cheaper ? How can 😂 😂 😂 . I think you guys should treat me for introducing such a chiobu to you . Haha.
chillipadi ( Date: 29-Jan-2018 15:01) Posted:
| Mermaids Mermaids, can move a few pips down? I wanna jeep abit more....... :( |
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.174..
well you conveniently forgot to mentioned that the CIMB report I quoted was published less than 2 weeks ago
and EPS forecast was for FY18-19, even if it was published last month by DBS
I am sure that you are sure that mermaid will have no prob with its debt of ~80 mil due in 4 years, even with start of the 2018 its 3 major vessels are idle and it hasnt won any new contracts for 4 MONTHS,
and I am sure that you are sure that AOD' s massive debt of 200 mil due in 2 months wont affect mermaid AT ALL,
and I am sure that you are sure that cambodia property is a sure return for mermaid.
there is nothing wrong with that as long as it is what you believe. for me, there are too many variables in the near future. and I maintain my stance that things will only start to look clearer for mermaid from 2H18 onwards. as for better or worse, it can be either way.
WL123456 ( Date: 29-Jan-2018 14:59) Posted:
i was in a meeting and cant reply fast to those waiting for answers.
1) you posted " outlook for 2018" but the report and eps you gave was posted last year FR by DBS. DBS has since change their outlook for Mermaid. My post was not an outlook. Rather its an article posted by wall Street American analyst on the prospect of buying mermaid maritime. I am just sharing an information not updating or sharing any outlook for 2018.
2)
BUSINESS is as usual as Mermaid Maritime Public Company Limited announced that its interest in Asia Offshore Drilling Limited (AOD), a subsidiary of Seadrill, will be largely unaffected by Seadrill' s bankruptcy, or Chapter 11, filing.
On Thursday, mainboard-listed Mermaid said that AOD and its subsidiaries are at this stage excluded from Seadrill' s Chapter 11 filing and expected to continue business operations " uninterrupted in the interim" while restructuring talks continue.
" To implement the restructuring agreement, Seadrill and certain of its subsidiaries have filed prearranged Chapter 11 cases in the southern district of Texas together with an agreed restructuring plan. As part of the Chapter 11 cases, " first day" motions were filed that, when granted, will enable day-to-day operations to continue as usual, including the provision of management services to Seadrill' s subsidiaries inclusive of AOD" , Mermaid said in a Singapore Exchange filing.
Mermaid has a 33.76 per cent equity interest in AOD, with the remaining 66.24 per cent of the shares held by Seadrill.
AOD and its subsidiaries have received, as part of Seadrill' s restructuring agreement, the benefit of a temporary waiver and forbearance from default that may have arisen under AOD' s bank credit facility agreement. AOD has approximately US$210 milliion outstanding under its bank credit facility, which matures in April 2018.
During the interim period, AOD will continue to evaluate options to reach a consensual solution among its shareholders and lenders.
On Thursday, Mermaid also announced that its Middle East business unit has been awarded a long-term cable survey contract in the Middle East with an estimated value of US$7 million.
" The highlighted package of work, due to commence in the third quarter of 2017, will involve use of a Mermaid chartered-in vessel with geophysical survey personnel, equipment and a survey class remotely operated vehicle (ROV) onboard, carrying out survey of a submarine cable network for a national upstream oil and gas company offshore in the Middle East GCC" , it said.
This clearly shows you the debt is not under mermaid. In fact, latest figures show that Mermaid has around 82 mil of LT debt. Debt maturity is 4 years later, longest for any O & G firm.
3) Mermaid has won 7 contracts for the year 2017. (1st being usd$26mil on 30th May and last being usd$7mil on 14th sept)
4) I cannot persuade the managment on dividend so on the dividend front its not up to investors. They did have excess cash so the management bought the property to diversify their cash horde. Anyway i am sure the property will appreciate as Cambodia is growing very fast just like Myanmar.
Last point: In the O & G sector, being cash rich is very important. Ezion, Marco Polo marine and so many others including Upstream players like Linc energy have busted because they have too much debt to cash.( i am not using debt to equity as they can play up equity) I emphasised on this so that investors in Mermaid can know they can sleep easy without the worry of potential share dilution such as RI, SI, etc. They also need not to worry about the company suddenly filing for bankruptcy protection. That ,means the next time they check one year later , MM is still around. Some company have high DTE ratio but they are still surviving like Kris energy etc. These companies have strong shareholders to back them up in terms of liquidity crisis (kris has Temasek Holdings support) and can somehow still survive.
onionknight ( Date: 29-Jan-2018 13:35) Posted:
Thanks but whether you " accept" or not means nothing to me. I am not vested yet nor do I plan to short this counter. So my motivation of posting is to share a fuller picture like outlook, asset management, vessel utilization, its investment liability and revenue sustainability other than just the cash you chose to highlight on. And I had to rebuke your statement because:
- First thing you said is I have shared outdated information, but then you quoted the same order figure yourself (scratching my head)
- Then you go ahead and share an even older article (still scratching)
- Try to play down the AOD debt but cannot provide any concrete supporting facts
- criticised that what I shared was outdated and order me to clarify the misunderstanding, but cannot deny that 1) they havent won any new contracts since last year Aug 2) only one of their vessels (Asiana) has assignment, the rest are still dry docked. Let me ask you: how are these outdated information if they still hold true?
All you can talk about is their spare cash and they invested in a cambodian company but SO WHAT? they have so much cash but have they given out any dividents in the past 2 FY?
But for what it is worth, I can still somewhat engage in a proper discussion with you here because unlike in midas forum you just shouted crap like " falling knives" to spread fear, in this forum you are still trying to be somewhat factual. but try harder. |
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My opinion is Mermaid is worth to invest from now since Brent Oil is improving. However, I do it for short term. Put my target at 20 cents.
Mermaid pricing is also under rotational play but this stock you can buy and still can sleep well.
