Mermaid Maritime    Last:0.102   -

Mermaid Maritime

New support level at 130~131.
Buy buy and bye bye....  :}}

 

Me buying 132.
No need use 100 shares sale to test who buying.

 

everyone getting out.. they finished using the rights proceeds.. so fast.. next Q sure loss again..

DYODD

 

You mean Mencast?

sengkang      ( Date: 27-Oct-2025 15:41) Posted: What' s happening to this forgotten O& G stock hah?

 

3Q 2025 OVERVIEW 4 

Total revenue for the three-month period ended 30 September 2025 (&lsquo 3Q 2025&rsquo ) was USD 153.4 million. This represented a quarter-on-quarter (&lsquo QoQ&rsquo ) increase of USD 41.0 million compared to the three-month period ended 30 June 2025 total revenue of USD 112.4 million, and a year-on-year (&lsquo YoY&rsquo ) increase of USD 3.2 million compared to the three-month period ended 30 September 2024 total revenue of USD 150.2 million.
The QoQ increase in revenue arose from an increase of USD 1.4 million from the Subsea IRM segment, USD 0.6 million from the Cable Lay segment, and USD 39.0 million from the T& I and Decommissioning segment. The YoY increase was driven solely by the T& I and Decommissioning segment of USD 13.1 million, while the Subsea IRM and the Cable Lay segments fell by USD 3.9 million and USD 6.0 million respectively, mainly due to a subsea vessel mobilizing between projects during the middle of 3Q 2025, and the completion of a cable lay project in August 2025. 

3Q 2025 EBITDA was USD 24.1 million, being QoQ and YoY increases of USD 24.0 million and USD 13.4 million, respectively. The primary reason for these increases was Mermaid&rsquo s improved operational efficiency on a key Decommissioning project, achieved through experience gained from performing similar Decommissioning work in the past months. 
In 3Q 2025, Mermaid Group delivered a turnaround performance, earning a net profit of USD 16.6 million. This reflects a significant QoQ improvement of USD 24.3 million, and a YoY increase of USD 15.5 million.
 Net cash earned from operating activities for the nine-month period ended 30 September 2025 was USD 5.0 million. During the period, the Company successfully issued 477,414,333 ordinary shares through a rights offering, raising net proceeds of SGD 56.1 million, or approximately USD 43 million.
 The total order book was USD 642 million as of the end of September 2025. Mermaid Group has secured multiple project awards across the Middle East, Southeast Asia, the North Sea, and Western Sub-Sahara, covering both shortterm commitments and long-term contracts extending through to FY2036.
 On the balance sheet, the Group had a current ratio of 1.24x and a debt-to-equity (D/E) ratio of 0.46x.

https://links.sgx.com/1.0.0/corporate-announcements/RGXEBOE3OON3XITA/34a6e6ffa90fd2c0b0eab305dc7bf9b8b8898063645a306d8b79bc383af2bc8a
 

 

What' s happening to this forgotten O& G stock hah?

 

since you dumped i Q 128 slowly start accumulating

TraderBen      ( Date: 22-Sep-2025 14:39) Posted: dumped back to the square one faster than i expected.. shiiityy stocks wont make it one.. DYODD TraderBen      ( Date: 19-Sep-2025 15:25) Posted: pump and dump as expected..

 

Some buying strength up to 137 this morning.
Will this momentum continue?

 

Yes. Looking to load up some since profit from Starlink today too:

sengkang      ( Date: 22-Sep-2025 18:48) Posted: Maybe taking leads from ASL Marine? Newbie85      ( Date: 22-Sep-2025 17:53) Posted: Looks like have to watch mermaid closely tomorro

 

Maybe taking leads from ASL Marine?

Newbie85      ( Date: 22-Sep-2025 17:53) Posted: Looks like have to watch mermaid closely tomorrow Newbie85      ( Date: 17-Sep-2025 08:26) Posted: Oil broke up nicely. Mermaid should continue its journey like asl.

 

Looks like have to watch mermaid closely tomorrow

Newbie85      ( Date: 17-Sep-2025 08:26) Posted: Oil broke up nicely. Mermaid should continue its journey like asl.

 

dumped back to the square one faster than i expected.. shiiityy stocks wont make it one..

DYODD

TraderBen      ( Date: 19-Sep-2025 15:25) Posted: pump and dump as expected..

 

pump and dump as expected.. 

 

Oil broke up nicely. Mermaid should continue its journey like asl. 

 

Done 143 so far   next target 160
Huat ah.....

sengkang      ( Date: 15-Sep 16:57) Posted: Lai liao

 

Lai liao

 

YES Mr Bear,

ALL OUT AT 124.. BYEBYE MERMAID

MrBear12      ( Date: 15-Aug-2025 08:24) Posted: BEN, If we like Maritime just go for the BIG ones. Small fries get fried like ikan bilis TraderBen      ( Date: 14-Aug-2025 22:58) Posted: Full of sheeet leh.. still losing money.. it was forever so promising when they got 600-800 m projects 2 yrs ago.. until now leh? Every Q still losing money. Worse than the construction companies. I had enough of mermaid. I am totally out for good tomorrow. Left 200 lots after dumping a huge chunk. There are lots of better companies out there. DYODD

 

BEN,
If we like Maritime
just go for the BIG ones.

Small fries get fried like ikan bilis

TraderBen      ( Date: 14-Aug-2025 22:58) Posted: Full of sheeet leh.. still losing money.. it was forever so promising when they got 600-800 m projects 2 yrs ago.. until now leh? Every Q still losing money. Worse than the construction companies. I had enough of mermaid. I am totally out for good tomorrow. Left 200 lots after dumping a huge chunk. There are lots of better companies out there. DYODD

 

Now contract news VS result loss news see how react tmr

trader1970      ( Date: 14-Aug-2025 22:38) Posted: Announcement - Awards for Subsea Srvices in the Middle East_Rev20250814 MERMAID PROJECTS AWARD APPROXIMATELY USD 430-500 MILLION Mermaid Maritime Public Company Limited (the &ldquo Company&rdquo together with its subsidiaries, correctly referred to as &ldquo Mermaid Group&rdquo ), a leading International Subsea Service Group of companies, is pleased to announce that its subsidiaries in the Middle East, have secured multiple project awards with the combined value of approximately USD 430 to 500 million. The subject project awards include the deliver a comprehensive suite of services including diving, inspection, repairs and maintenance as well as subsea cable installation scopes utilizing a number of vessels including our DP2 saturation dive support vessel, and a range of related services (collectively the &ldquo Projects&rdquo ), and commenced as per the planned long-term contract. &ldquo We are profoundly grateful for our clients&rsquo ongoing trust and support, which has driven this significant achievement. These contracts underscore a major growth opportunity for Mermaid and reaffirm our pivotal role within the energy sector&rsquo s value chain. These new engagements advance our Group strategy, strengthening Mermaid' s position in the industry, ensuring a prosperous path for our stakeholders. This upward trajectory is now firmly in place, directly contributing to sustained long-term growth and a secure future for our dedicated team and their families. Our unwavering commitment to innovation, sustainability, environmental awareness, and excellence will continue to shape Mermaid&rsquo s lasting impact on the energy sector.&rdquo Mr. Chalermchai Mahagitsiri, Group CEO. These Projects are expected to contribute positively to Mermaid Group in 2025 and beyond. None of the directors or controlling shareholders of Mermaid Group has any interest, whether directly or indirectly, in the Projects, other than through their respective shareholdings in Mermaid Group

 

Full of sheeet leh.. still losing money.. it was forever so promising when they got 600-800 m projects 2 yrs ago.. until now leh? Every Q still losing money. Worse than the construction companies. I had enough of mermaid. I am totally out for good tomorrow. Left 200 lots after dumping a huge chunk. There are lots of better companies out there.

DYODD