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oh no. that's bad.. wonder if there will be any good news in the near future
thulasiappan ( Date: 27-Nov-2010 21:54) Posted:
| Net loss for 2010 (full year) 456,484 million Baht (161%)
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Still no improve...
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Bon3260 ( Date: 22-Oct-2010 20:38) Posted:
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Unless Mermaid has gd Qtr results...
If not, RUN when rebounce!!!
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Bon3260 ( Date: 12-Oct-2010 15:25) Posted:
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Sori, BBs oredi run rd on 13-May-2010...
Those left behind BBs, I guess they r Substitute (后补)...
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Net loss for 2010 (full year) 456,484 million Baht (161%)
Today we have a Bullish Harami Cross Pattern, hopefully it works
using technical analysis works well for forex. but not on stocks.
These kind of predictions and reports occur on an almost weekly if not daily basis, sometimes can change overnight by the same analyst. It's good to have a longer term view when dealing with investments.
aircraft ( Date: 25-Nov-2010 13:42) Posted:
Hi,
How do you get the .38 - .39 range ? thanks We need to lease MTR-1 soon...
enghou ( Date: 24-Nov-2010 17:18) Posted:
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Mermaid has broken a right-angled triangle recently , it may go down to test 39 cents .
aircraft ( Date: 25-Nov-2010 13:42) Posted:
Hi,
How do you get the .38 - .39 range ? thanks We need to lease MTR-1 soon...
enghou ( Date: 24-Nov-2010 17:18) Posted:
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those who bought at higher price and have holding power can hold till next year or so.
Hi,
How do you get the .38 - .39 range ? thanks
We need to lease MTR-1 soon...
enghou ( Date: 24-Nov-2010 17:18) Posted:
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CIMB Technical View
Mermaid Maritime PCL (MMT SP; S$0.445; Sell) – Price could fall to S$0.38-0.39. Make love more, don't make more enemies
Most of the other offshore marine have made impressive runs this year. This is probly the only laggard remaining.
flyersummer ( Date: 09-Nov-2010 21:34) Posted:
Mermaid Maritime (DU4.SG) down 1.1% at $0.460 after it says U.S.-based charterer of MTR-1 tender rig has ceased accommodation barge contract (supposed to run to at least end-January 2011).
Though very thin volume suggests selling pressure light, likely as contract (won in July) worth just US$3.2 million ($4.12 million), also as cessation no fault of Mermaid, company expects positive outcome from ongoing settlement talks. CIMB, which keeps stock at Outperform, lowers target price to $0.52 from $0.57, erases all contributions from MTR-1, also refines MTR-2 assumptions, shaves FY10-12 earnings estimates by 2%-28%. Notes target still based on 10X CY12 P/E (20% discount to 5-year peer average on poorer earnings visibility). “We continue to see value in its assets and believe the upturn in the subsea market can pick up the slack in drilling. We see catalysts from further asset acquisitions and higher-than-expected subsea utilisation.” Order book tips $0.455 likely floor for day. |
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Mermaid Maritime (DU4.SG) down 1.1% at $0.460 after it says U.S.-based charterer of MTR-1 tender rig has ceased accommodation barge contract (supposed to run to at least end-January 2011).
Though very thin volume suggests selling pressure light, likely as contract (won in July) worth just US$3.2 million ($4.12 million), also as cessation no fault of Mermaid, company expects positive outcome from ongoing settlement talks. CIMB, which keeps stock at Outperform, lowers target price to $0.52 from $0.57, erases all contributions from MTR-1, also refines MTR-2 assumptions, shaves FY10-12 earnings estimates by 2%-28%. Notes target still based on 10X CY12 P/E (20% discount to 5-year peer average on poorer earnings visibility). “We continue to see value in its assets and believe the upturn in the subsea market can pick up the slack in drilling. We see catalysts from further asset acquisitions and higher-than-expected subsea utilisation.” Order book tips $0.455 likely floor for day.
I do agree with you to ignore pharoah88's call
thulasiappan ( Date: 22-Oct-2010 20:57) Posted:
Today's rise is on pure speculation. As mentioned by Bon3260 if the coming results are good or if they win some contracts then share price may rise otherwise it will hover around 45 cents.Many burned their hands in this counter. So please ignore pharoah88 buy call.
E-war ( Date: 22-Oct-2010 19:41) Posted:
| Finally, time to rise up... |
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This mermaid will run only when analysis report start to cover them. Dont get stuck for nothing. Good luck.
when its quarter result released? I think it will test recent high at 0.55
Today's rise is on pure speculation. As mentioned by Bon3260 if the coming results are good or if they win some contracts then share price may rise otherwise it will hover around 45 cents.Many burned their hands in this counter. So please ignore pharoah88 buy call.
E-war ( Date: 22-Oct-2010 19:41) Posted:
| Finally, time to rise up... |
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Unless Mermaid has gd Qtr results...
If not, RUN when rebounce!!!
('',)
Bon3260 ( Date: 12-Oct-2010 15:25) Posted:
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Sori, BBs oredi run rd on 13-May-2010...
Those left behind BBs, I guess they r Substitute (后补)...
('',)
bishan22 ( Date: 12-Oct-2010 14:49) Posted:
Looks like BB is waiting to play up this forgotten stock. Good luck.  |
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Asia Offshore Drilling limited (AOD) - Mermaid led joint venture. Mermaid will seek other investors to join them in AOD to raise funds for the first two jack up rigs. The rig order is letter of intent only (not a confirmed order). They have unused cash from last year rights issue.
Jackpot2010 ( Date: 22-Oct-2010 16:48) Posted:
NO Outsourcing. KEPFELS/KEPCORP = builder whereas Mermaid Maritine = owner/buyer.
Mermaid Maritine mkt cap only S$380m can still give orders to build 4 rigs total US$700m. Where are they (Mermaid) getting the funds? |
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Finally, time to rise up...
