Mermaid Maritime    Last:0.095   -

Mermaid Maritime

Hope can break 15ct by this week

 

Hope it can fly from now....oil price up

 

Hopefully

 

Time to fly?

 

This is few of the oil and gas counter which is still strong..dyodd 

 

Coming ... due to oil price ?

 

Mermaid another O&G beneficiary.... Coming coming

 

Anyone has view towards what' s going on with AOD? Would it affect mermaid largely?

 

Oil price for Brent is $63.32.

Jackpro      ( Date: 24-Nov-2017 09:08) Posted: oil price is 58 now

 

oil price is 58 now

 

The only thing good is that mermaid has no debt problem as compared to other oil n gas company

 

I think if oil price stabilizes at this level, o&g counters like mermaid will perform in 2018

 

oil price went up...mermaid still swimming below

 

dividend? zzz

WL123456      ( Date: 15-Nov-2017 11:50) Posted: The company have just released and analyst reports . Q3 2017, net profit stands at usd2.3mil . EPS stand at 0.2usd cents . Q4 results definitely better according to chairman as their contracts improves 76% Q on Q on $174 on September .( They have since won more contracts) cash flow is positive with a net increase of $7.3usd million. Net cash on hand now stood at $usd86.6 million. Overall Q4 will definitely be better as chairman has announced . Based on this , I can say that mermaid marine is the best O & G company and one of the better Mainboard listed company on the SGX. How many companies are sitting on usd$86.6 mil cash ? Should expect mermaid to announce dividend soon. At current price, a takeover is possible due to its net cash position . As long as investors don?t contra trade mermaid, profits will be in for the long run.

 

Gone case:
https://www.theedgesingapore.com/mermaid-maritime-kept-reduce-seadrill-mulls-decision

 

During this diffcult period in O& G industry, companies might take projects at thin margin, break-even cost or slight loss in order to pull through this period and keep the company running.

It is survival.

 

The company have just released and analyst reports . Q3 2017, net profit stands at usd2.3mil . EPS stand at 0.2usd cents . Q4 results definitely better according to chairman as their contracts improves 76% Q on Q on $174 on September .( They have since won more contracts) cash flow is positive with a net increase of $7.3usd million. Net cash on hand now stood at $usd86.6 million. Overall Q4 will definitely be better as chairman has announced .

Based on this , I can say that mermaid marine is the best O & G company and one of the better Mainboard listed company on the SGX. How many companies are sitting on usd$86.6 mil cash ? Should expect mermaid to announce dividend soon. At current price, a takeover is possible due to its net cash position . As long as investors don?t contra trade mermaid, profits will be in for the long run.

 

Just look at the operation P& L.
Some other O& M losses bcos of imparments, provisions and write off.
Most fundamental operations still make money.
This one operations also lose money.
$1 dollar sales, spent $1.1 to do the sales.
Secured $300M new sales, got money to earn anot? Like do free....

pnuklis      ( Date: 15-Nov-2017 10:56) Posted: Still have cash with low gearing. Utilization low like all in the industry. Should bounce back with oil prices.

 

According to the latest financial report released 2 days back, it very much appears to be so...
You mean the figures print wrongly?

commando      ( Date: 15-Nov-2017 10:12) Posted: Tis qter loss? U sure?

 

Still have cash with low gearing. Utilization low like all in the industry. Should bounce back with oil prices.