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Mermaid Maritime
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Mermaid Maritime
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josephyeo
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01-Dec-2016 14:34
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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. |
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