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Latest Forum Topics / Mermaid Maritime    Last:0.104    +0.003  Post Reply
Mermaid Maritime
WL123456
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08-Nov-2017 09:49     
 
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 Alert Admin 		Would agree as the company is in great financial health . With the hundreds of millions of contracts , we should start seeing dividend in the coming FY. Cheers . Still very cheap to buy now .

Foo2019      ( Date: 08-Nov-2017 06:52) Posted:

Thank you for your humble and constructive opinion of this stock. This stock was at the highest of about  $2 (IPO 2007 :$1.32) during 2008 before the financial crisis happened in 2009 followed by the oil crisis in 2014. She has survived through these 2 periods with a strong balance sheet with a team of good management and recently has won abour $200 million contracts. The P/B value is standing at 0.48 which equate to NAV 0.33 cents and the PE is about 13 (< 15). This is a good buy awaiting the true potential value to be unlocked. I believe she will achieve 0.50 in matter of time when the oil hit $70 (on track to recovery) and there is more room for the bull to run (low interest rate and inflation) before it crashes. I would lock this gem in the cabinet and will visit this site again in 1H 2018 :-) WL...Best of  Luck..Yours friendly positive Aussie mate :-)

WL123456      ( Date: 07-Nov-2017 15:53) Posted:

I am not sure if it will hit $0.50 but $0.20 -$0.30 should be ok . Anyway now the price retrace abit to 0.161. A good price to enter if you miss . Futures for WTI delivery for Feb 2018 already hitting usd57.63(CME Group) . Now that oil is at $63-$64 , profit is definitely in for mermaid . Expect more contracts coming in . The most important aspect is this company is the best O and G company among others to invest in . It has zero debt ( means no share dilution and debts to repay) and it?s a net cash company(has cash on hand to make acquisitions if any) once in profit , expect them to resume dividend paying days) . The Best Bet for the O and G recovery due to oil.
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Msport
Elite
08-Nov-2017 08:33     
 
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 Alert Admin
Debt/EBITDA 3.553 Cap Ex S$ (7.78) mm
Total Debt S$ 117.96 mm EBIT S$ 9.75 mm
Enterprise Value S$ 205.64 mm Total Revenue S$ 254.35 mm
Total Assets S$ 638.41 mm Net Income S$ 17.54 mm
Cash & ST Investments S$ 123.69 mm EBITDA S$ 33.2 mm
All data based on last reported information from  11/Aug/2017.

Company Description

Mermaid Maritime Public Company Limited, together with its subsidiaries, provides various services to the offshore oil and gas industries in Saudi Arabia, Thailand, Indonesia, Qatar, Russia, Korea, China, Myanmar, Singapore, the United Kingdom, and internationally. The company operates through Subsea Group, Drilling Group, and Holding segments. It provides subsea services, including infrastructure installation support, remotely operated vehicle support, and cable and flexible pipe laying services, as well as inspection, repair, and maintenance services through operating nine subsea vessels. The company also offers offshore drilling and accommodation rig services through its ownership in one tender assist drilling rig, one accommodation barge, and three high specification premium jack-up drilling rigs. In addition, it provides hydrographic survey and positioning services diving, ROV, and subsea contracting services and production and drilling exploration services. The company was founded in 1983 and is headquartered in Bangkok, Thailand. Mermaid Maritime Public Company Limited is a subsidiary of Thoresen Thai Agencies Public Company Limited.
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Foo2019
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08-Nov-2017 06:52     
 
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 Alert Admin 		Thank you for your humble and constructive opinion of this stock. This stock was at the highest of about  $2 (IPO 2007 :$1.32) during 2008 before the financial crisis happened in 2009 followed by the oil crisis in 2014. She has survived through these 2 periods with a strong balance sheet with a team of good management and recently has won abour $200 million contracts. The P/B value is standing at 0.48 which equate to NAV 0.33 cents and the PE is about 13 (< 15). This is a good buy awaiting the true potential value to be unlocked. I believe she will achieve 0.50 in matter of time when the oil hit $70 (on track to recovery) and there is more room for the bull to run (low interest rate and inflation) before it crashes. I would lock this gem in the cabinet and will visit this site again in 1H 2018 :-) WL...Best of  Luck..Yours friendly positive Aussie mate :-)

WL123456      ( Date: 07-Nov-2017 15:53) Posted:

I am not sure if it will hit $0.50 but $0.20 -$0.30 should be ok . Anyway now the price retrace abit to 0.161. A good price to enter if you miss . Futures for WTI delivery for Feb 2018 already hitting usd57.63(CME Group) . Now that oil is at $63-$64 , profit is definitely in for mermaid . Expect more contracts coming in . The most important aspect is this company is the best O and G company among others to invest in . It has zero debt ( means no share dilution and debts to repay) and it?s a net cash company(has cash on hand to make acquisitions if any) once in profit , expect them to resume dividend paying days) . The Best Bet for the O and G recovery due to oil.

Foo2019      ( Date: 07-Nov-2017 12:40) Posted:

agreed..will hold for mid term for 0.50 or more :-
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kangaroo11
Veteran
07-Nov-2017 17:26     
 
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 Alert Admin 		i agree mermaid not bad lah but $0.50 mid-term?
U mean mermaid ships can swin underwater like a mermaid meh? lol!

Foo2019      ( Date: 07-Nov-2017 12:40) Posted:

agreed..will hold for mid term for 0.50 or more :-)

WL123456      ( Date: 07-Nov-2017 12:33) Posted:

Wah only after few hours now 162. Looks like it?s heading to 0.17 soon . NAV usd 33c . Zero debt net cash company now only at sgd0.162. Super cheap company . With oil now heading to $70, those whose pockets are deep can hold and make decent profits. Not for contra though . Should be $0.2 in a short while


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WL123456
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07-Nov-2017 15:53     
 
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 Alert Admin 		I am not sure if it will hit $0.50 but $0.20 -$0.30 should be ok . Anyway now the price retrace abit to 0.161. A good price to enter if you miss . Futures for WTI delivery for Feb 2018 already hitting usd57.63(CME Group) . Now that oil is at $63-$64 , profit is definitely in for mermaid . Expect more contracts coming in . The most important aspect is this company is the best O and G company among others to invest in . It has zero debt ( means no share dilution and debts to repay) and it?s a net cash company(has cash on hand to make acquisitions if any) once in profit , expect them to resume dividend paying days) . The Best Bet for the O and G recovery due to oil.

Foo2019      ( Date: 07-Nov-2017 12:40) Posted:

agreed..will hold for mid term for 0.50 or more :-)

WL123456      ( Date: 07-Nov-2017 12:33) Posted:

Wah only after few hours now 162. Looks like it?s heading to 0.17 soon . NAV usd 33c . Zero debt net cash company now only at sgd0.162. Super cheap company . With oil now heading to $70, those whose pockets are deep can hold and make decent profits. Not for contra though . Should be $0.2 in a short while


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Foo2019
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07-Nov-2017 12:40     
 
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 Alert Admin 		agreed..will hold for mid term for 0.50 or more :-)

WL123456      ( Date: 07-Nov-2017 12:33) Posted:

Wah only after few hours now 162. Looks like it?s heading to 0.17 soon . NAV usd 33c . Zero debt net cash company now only at sgd0.162. Super cheap company . With oil now heading to $70, those whose pockets are deep can hold and make decent profits. Not for contra though . Should be $0.2 in a short while .

WL123456      ( Date: 07-Nov-2017 09:21) Posted:

There?s no double top. Oil is now at $64/$65. This price alone will bring MM to recovery . 100% sure you won?t MM at 0.157 in a few weeks time .
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WL123456
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07-Nov-2017 12:33     
 
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 Alert Admin 		Wah only after few hours now 162. Looks like it?s heading to 0.17 soon . NAV usd 33c . Zero debt net cash company now only at sgd0.162. Super cheap company . With oil now heading to $70, those whose pockets are deep can hold and make decent profits. Not for contra though . Should be $0.2 in a short while .

WL123456      ( Date: 07-Nov-2017 09:21) Posted:

There?s no double top. Oil is now at $64/$65. This price alone will bring MM to recovery . 100% sure you won?t MM at 0.157 in a few weeks time .

fatpanda      ( Date: 03-Nov-2017 12:17) Posted:

Forming double top... Immrdiate support level at 0.145c, next support level 0.140c.
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WL123456
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07-Nov-2017 09:21     
 
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 Alert Admin 		There?s no double top. Oil is now at $64/$65. This price alone will bring MM to recovery . 100% sure you won?t MM at 0.157 in a few weeks time .

fatpanda      ( Date: 03-Nov-2017 12:17) Posted:

Forming double top... Immrdiate support level at 0.145c, next support level 0.140c.
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WL123456
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07-Nov-2017 04:28     
 
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 Alert Admin 		Oil at $64 now , this fella will fly .
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WL123456
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06-Nov-2017 09:25     
 
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 Alert Admin 		Bloomberg news headline on oil :
Oil hits 28 month high as OPEC behemoths backs extending limits .
Watch mermaid fly . Those with cash should hold buy and hold this stock .

WL123456      ( Date: 06-Nov-2017 09:17) Posted:

Last chance to buy this fella at this price . With oil hiring $65 soon , their projects will coming in fast and furious .

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WL123456
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06-Nov-2017 09:17     
 
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 Alert Admin 		Last chance to buy this fella at this price . With oil hiring $65 soon , their projects will coming in fast and furious .
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WL123456
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03-Nov-2017 15:01     
 
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 Alert Admin 		Not yet double TOP. Anyway MM has a few multi million contracts to make it profitable . The latest being the usd$96 million contract won on 26th of September. Total contracts for 2017 now more than usd$200 mil

fatpanda      ( Date: 03-Nov-2017 12:17) Posted:

Forming double top... Immrdiate support level at 0.145c, next support level 0.140c.
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fatpanda
Supreme
03-Nov-2017 12:17     
 
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 Alert Admin 		Forming double top... Immrdiate support level at 0.145c, next support level 0.140c.
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WL123456
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03-Nov-2017 11:50     
 
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 Alert Admin 		For those who have the capital to hold , and at current oil prices , mermaid is the safest exposure to O and G . Rex, Interra and kris energy comes second . Down 4 pips most like due to contra sellers . Can use this chance to accumulate .
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WL123456
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02-Nov-2017 10:25     
 
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 Alert Admin 		It?s a very solid company . Can?t ask for more . Zero debt and cash rich ! In a month or 2 time , it?s imposdible to get it at current prices.

pnuklis      ( Date: 01-Nov-2017 14:31) Posted:

Agreed this is a gem
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pnuklis
Master
01-Nov-2017 14:31     
 
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 Alert Admin 		Agreed this is a gem
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WL123456
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01-Nov-2017 13:55     
 
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 Alert Admin 		This is one of those stocks where you can sleep easy. Net cash company with strong cash position . ZERO DEBT means no risk of default and rights issue . Strong possibility of dividends and most important still so cheap . Just added more at 0.153 . Should be a fund managers factory stock .

Foo2019      ( Date: 01-Nov-2017 11:07) Posted:

agreed...it is undevalued. IPO price is $1.32.  In Oct 2007, stock price is highest at around $2.20 if i m not wrong :-)
​ As you have mentioned below with the good fundamentals and multiple contracts win this year, it is a potential multibagger :-)

WL123456      ( Date: 01-Nov-2017 10:22) Posted:

Very net cash . In fact one of the best O and G companies with solid net cash position backed by strong contract wins. Just secured a USD$96 million contract in the Middle East in late September . Low gearing of 0.1x and no outstanding bonds and Capex . This type of company where to find lol. Not debt at all.
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WL123456
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01-Nov-2017 13:43     
 
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 Alert Admin 		Latest NAV of USD 0.33 based on last Qtr FR. Can foresee dividends soon as oil now head towards $70.
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Foo2019
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01-Nov-2017 11:07     
 
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 Alert Admin 		agreed...it is undevalued. IPO price is $1.32.  In Oct 2007, stock price is highest at around $2.20 if i m not wrong :-)
​ As you have mentioned below with the good fundamentals and multiple contracts win this year, it is a potential multibagger :-)

WL123456      ( Date: 01-Nov-2017 10:22) Posted:

Very net cash . In fact one of the best O and G companies with solid net cash position backed by strong contract wins. Just secured a USD$96 million contract in the Middle East in late September . Low gearing of 0.1x and no outstanding bonds and Capex . This type of company where to find lol. Not debt at all.

blurtrader      ( Date: 15-Sep-2017 11:15) Posted:

Possible for MM to takeover the rest of the interest in AOD at cheap prices from Seadrill?

MM at net cash coy, i' m not going to let go of my holdings at cheap. Drop somemore, i' ll keep averaging down
 


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WL123456
Supreme
01-Nov-2017 10:22     
 
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 Alert Admin 		Very net cash . In fact one of the best O and G companies with solid net cash position backed by strong contract wins. Just secured a USD$96 million contract in the Middle East in late September . Low gearing of 0.1x and no outstanding bonds and Capex . This type of company where to find lol. Not debt at all.

blurtrader      ( Date: 15-Sep-2017 11:15) Posted:

Possible for MM to takeover the rest of the interest in AOD at cheap prices from Seadrill?

MM at net cash coy, i' m not going to let go of my holdings at cheap. Drop somemore, i' ll keep averaging down
 

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