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Mermaid Maritime
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Mermaid Maritime
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Everyday
Elite |
29-Feb-2024 20:08
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FY 2023 HIGHLIGHTS 4 FY2023, Mermaid Group reached USD 275.4 m. in revenue from rendering of services, a marked increase of 23.0% compared to FY2022, as a result of a growth of two main sectors: Subsea IRM & Diving works and T& I and Decommissioning projects. The Group recorded a net profit of USD 9.7 m., a significant turnaround, and reported an EBITDA of USD 38.1 m., compared to USD 17.0 m for FY2022. An increase of EBTIDA and net profit is a consequence of revenue growth in various regions and the achievement of cost management and control. The higher profit led to net cash flow from operating activities at USD 10.0 m. At the end of December 2023, the order book was at USD 734 m. Mermaid Group has secured multiple project awards in South East Asia, the Middle East, North Sea and Western Sub Sahara region for both short‐ term and long‐ term throughout FY2026. The order book number included Cable Laying, Subsea Pipeline Tie‐ ins, Inspection, Repair and Maintenance and T& I and Decommissioning services. Balance sheet position represented at 1.05x Current Ratio and low‐ risk level of 0.48x D/E Ratio https://links.sgx.com/1.0.0/corporate-announcements/LQUZCL6BCXDA000X/baa76c51b1d99f03eb465396155bb9af09582178227da6f9bb68ef90731d6716 |
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TraderBen
Supreme |
29-Feb-2024 20:06
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Almost 10m profits and over 700m order book .. profits likely to rank in for the 2-3 years ahead. See by end 2024 can start to give out dividends again. Exciting times ahead. Looking forward to 20cents | ||||
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spursfan
Supreme |
29-Feb-2024 19:48
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https://links.sgx.com/1.0.0/corporate-announcements/A000YSQRJC6EF8F0/790613_MML%20-%20FY2023_Financial%20Report_Final.pdf | ||||
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ThankYou
Supreme |
29-Feb-2024 17:26
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Thanks bro
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Supreme |
29-Feb-2024 15:20
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Thanks bro
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TraderBen
Supreme |
29-Feb-2024 14:27
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by today they will release..
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Supreme |
29-Feb-2024 14:04
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When must they report? By next month?
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ThankYou
Supreme |
28-Feb-2024 15:32
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Yes 52 week high is 105. Tomorrow see how first. At 100 or above I think can try shorting for fun.
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Supreme |
28-Feb-2024 15:30
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I use moo moo
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huattuatua
Elite |
28-Feb-2024 15:25
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got so high ar, chartnexus shows 1.7 , maybe urs without taking consideration the corporate actions?
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Caesar
Master |
28-Feb-2024 15:23
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Wow ... didnt know ATH is that high ... I meant to say 52week ATH which is $0.105 at the moment ... anyway, whoever wants to buy, pls DYODD
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Supreme |
28-Feb-2024 14:54
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The ATH is around $2.20 in January 2007.The next peak is at $1.20 in September 2009
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Supreme |
28-Feb-2024 14:48
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Yes should have started shorting at 103 just now. Can make 1k
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Caesar
Master |
28-Feb-2024 13:33
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Somehow, when a counter is at/near its ATH (all time high), share price will drop after result regardless good/bad results. Like Genting, SIA, IFast, Sembcorp Ind, Geo Energy, Frencken, even Beng Kuang. Insiders/traders/BBs already pump up the price in anticipation of the results, then dump to unsuspecting retailers after results. Not saying it will happen to Mermaid, but better be careful ... | ||||
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ThankYou
Supreme |
28-Feb-2024 12:31
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Of course tomorrow then short. Usually last less than 5 minutes. Short at around 9.05am should be advantageous. If goes higher, cover by 9.10am
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sengkang
Master |
28-Feb-2024 12:05
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Testing 11 series soon. Expecting the unexpected..................lol
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TraderBen
Supreme |
28-Feb-2024 12:03
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sounds like a plan..
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Supreme |
28-Feb-2024 12:01
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Tomorrow short from high.
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TraderBen
Supreme |
28-Feb-2024 11:51
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mermaid results likely to be good.. but dont chase.. tonight report out.. tmr sell off .. stupid SGX | ||||
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TraderBen
Supreme |
26-Feb-2024 22:19
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More likely they will preserve cash for working capital or maybe acquisition. Don?t expect any dividends
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