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" Its darkest before dawn"
Mermaid Maritime is another counter which is likely to survive the current oil crisis.
I am sharing some basic datas below:
1. Share price. 52 weeks high - 16.8 cts, low 9.0 cts. Current 14.5 cts.
2. Nta 33.6 cts. against current price of 14.5 cts
3. Debt S$128 mil against cash of S$83.8 mil. - debt is supported by 65% cash.
This is quite rare in the current O& M sector.
4. Profitable in the latest 3 quarters - 1st qt - S$1.7 mil 2nd qt - S$10.8 and 3rd qt - S$10.4.
Profit for 9 mths in current financial year - S$23.0 mil
i am vested for following reasons - trading below nta strong balance sheet, company profitable
despite extremely difficult environment and likely survival in current oil crisis.
Pls note above write up is for sharing n not a call to buy or sell.
