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Mermaid Maritime    Last:0.113    -0.001

Mermaid

 Post Reply 521-540 of 1823
 
pharoah88     14-Apr-2010 13:14  
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Mermaid Symbol:
DU4 		Currency:
Singapore Dollar
Last: 0.755 + 0.015 Vol (K): 4840.0
Trading
Updated Time 14-Apr 12:39
Open 0.745 High 0.76 Low 0.735
Prev Close 0.74 Buy - Sell -
Volume(K) 4840.0 Buy Vol(K) - Sell Vol(K) -
52 Wk High 1.19 52 Wk Low 0.295 52 Wk Avg Vol 2296.953
All Time High 2.36 All Time Low 0.19    
Comments No Info

*Reporting Currency in THB
Important: ShareJunction obtains our finance data from a third party. Check financial year before use. EPS values are recorded up to two decimal points.
Financials
Date Updated 31-Mar-2010 Financial Year 30-Sep-2009
Current Year Profit
(After Tax) $'000,000		 714.485 Previous Year Profit
(After Tax) $'000,000		 1156.29
Net Asset Per Share 12.38 Turnover $'000,000 61.63
Current Year EPS
(After Interest and Tax)		 0.91 Previous Year EPS
(After Interest and Tax)		 1.47
PE Ratio (After Tax) 17.5 Times Covered 0.0
Price (at update time) 0.69 Dividend Yield 0.0

*Technical Analysis Information is updated Daily
Technicals
RSI 61.41 Williams %R -27.78
Comments (RSI) No Info Comments (W%R) No Info

Intraday Chart

 
 
 
pharoah88     14-Apr-2010 13:08  
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S$1.18



EAT  MY  ABALONE

I  DARE  YOU
 
 
pharoah88     14-Apr-2010 10:17  
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Singapore 2010 GDP  revised  from  3~4.5%  to 7~9.0%

SINGAPORE 2010 GDP  DOUBLE

Singapore is an ISLAND

Singapore business is EXPORT

Singapore business is SHIPPING BASED

SHIPPING will  DOUBLE
 

 
Zhiwei     13-Apr-2010 21:46  
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yes bro ..... make this baby fly high
Smiley
 
 
risktaker     13-Apr-2010 21:01  
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Want me to support this baby ?
 
 
pharoah88     13-Apr-2010 19:49  
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Tuesday: 13 APRIL 2010  CLOSING

5,015,000   S$0.740  -S$0.005

S$0.735        121,000  

S$0.740        847,000     (278,000  BfS)

S$0.745     1,505,000     (798,000  BfS)

S$0.750        421,000     (881,000  BfS)

S$0.755     1,272,000     (720,000  BfS)

S$0.760        801,000     (445,000  BfS)  193,000 MiD

S$0.765          48,000       (48,000  BfS) 

Profit Taking Day

STRONG  underCurrent  S$0.76
 

 
pharoah88     13-Apr-2010 14:31  
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Profit Taking Dips are

PERFECT TiMES

tO  PiCK  UP  mOre  gOOd  shares
 
 
pharoah88     13-Apr-2010 13:38  
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pharoah88     13-Apr-2010 10:26  
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S$1.18

 


MERMAID  LOVES  YOU

YOU  LOVE  MERMAID
 
 
pharoah88     13-Apr-2010 10:10  
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Mermaid Symbol:
DU4 		Currency:
Singapore Dollar
Last: 0.755 + 0.01 Vol (K): 1906.0
Trading
Updated Time 13-Apr 09:47
Open 0.745 High 0.765 Low 0.74
Prev Close 0.745 Buy - Sell -
Volume(K) 1906.0 Buy Vol(K) - Sell Vol(K) -
52 Wk High 1.19 52 Wk Low 0.295 52 Wk Avg Vol 2292.611
All Time High 2.36 All Time Low 0.19    
Comments No Info

*Reporting Currency in THB
Important: ShareJunction obtains our finance data from a third party. Check financial year before use. EPS values are recorded up to two decimal points.
Financials
Date Updated 31-Mar-2010 Financial Year 30-Sep-2009
Current Year Profit
(After Tax) $'000,000		 714.485 Previous Year Profit
(After Tax) $'000,000		 1156.29
Net Asset Per Share 12.38 Turnover $'000,000 61.63
Current Year EPS
(After Interest and Tax)		 0.91 Previous Year EPS
(After Interest and Tax)		 1.47
PE Ratio (After Tax) 17.5 Times Covered 0.0
Price (at update time) 0.69 Dividend Yield 0.0

*Technical Analysis Information is updated Daily
Technicals
RSI 63.71 Williams %R -17.65
Comments (RSI) No Info Comments (W%R) Overbought



Intraday Chart

 


CHARTING  has  ERROR

DAY  HiGH   S$0.765  is  nOt  there  yet ?
 

 
Hulumas     12-Apr-2010 23:20  
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I am not vested yet.

risktaker      ( Date: 12-Apr-2010 21:23) Posted:

1.18 ? Ok if i am big boys i will play untill $1.00 only

 
 
risktaker     12-Apr-2010 21:23  
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1.18 ? Ok if i am big boys i will play untill $1.00 only
 
 
pharoah88     12-Apr-2010 18:45  
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S$1.18

 
 
 
pharoah88     12-Apr-2010 18:44  
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Monday: 12 APRIL 2010  CLOSING

7,815,000     S$0.745  +S$0.010

S$0.735        848,000     (284,000  BfS)

S$0.740     1,510,000     (742,000  BfS)

S$0.745     2,344,000  (1,274,000  BfS)

S$0.750     1,356,000     (881,000  BfS)

S$0.755     1,756,000  (1,553,000  BfS)

S$0.760           1,000         (1,000  BfS)

STRONG  underCurrent S$0.755 
 
 
pharoah88     12-Apr-2010 18:37  
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Mermaid Symbol:
DU4 		Currency:
Singapore Dollar
Last: 0.745 + 0.0050 Vol (K): 7815.0
Trading
Updated Time 12-Apr 17:05
Open 0.745 High 0.76 Low 0.735
Prev Close 0.74 Buy - Sell -
Volume(K) 7815.0 Buy Vol(K) - Sell Vol(K) -
52 Wk High 1.19 52 Wk Low 0.28 52 Wk Avg Vol 2283.776
All Time High 2.36 All Time Low 0.19    
Comments No Info

*Reporting Currency in THB
Important: ShareJunction obtains our finance data from a third party. Check financial year before use. EPS values are recorded up to two decimal points.
Financials
Date Updated 31-Mar-2010 Financial Year 30-Sep-2009
Current Year Profit
(After Tax) $'000,000		 714.485 Previous Year Profit
(After Tax) $'000,000		 1156.29
Net Asset Per Share 12.38 Turnover $'000,000 61.63
Current Year EPS
(After Interest and Tax)		 0.91 Previous Year EPS
(After Interest and Tax)		 1.47
PE Ratio (After Tax) 17.5 Times Covered 0.0
Price (at update time) 0.69 Dividend Yield 0.0

*Technical Analysis Information is updated Daily
Technicals
RSI 62.4 Williams %R 0.0
Comments (RSI) No Info Comments (W%R) Overbought

Intraday Chart

 
 

 
pharoah88     12-Apr-2010 09:33  
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mOst Of them fOrgOt  that

MERMAID  was  a  CHAMPiON
 
 
E-war     10-Apr-2010 18:47  
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I'm liking this sector now. Cheers to all who bought commodities/ commodities related stocks.
 
 
pharoah88     10-Apr-2010 16:19  
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GAP  UP

S$0.840
 
 
pharoah88     09-Apr-2010 20:03  
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S$1.18



 
 
 
pharoah88     09-Apr-2010 20:01  
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Maintain BUY. While 2Q performance could continue to be flattish, we believe investors can look forward to a stronger 2H10 as Mermaid moves into the seasonally high period, with an expanded fleet. A potential asset  acquisition could also provide a near term kicker to share price.

Maintain BUY with a reduced TP of

S$1.03



starbugs      ( Date: 17-Feb-2010 23:00) Posted:

Personally, I thought the Q1 results are very disappointing. Subsea drilling/engineering vessel utlisation is just 40+%. One drilling vessel is out of contract and is expected to remain so until Q3 due to monsoon. CAPEX is also high (too aggressive?) because "customers have a preference for newer equipment"

Anyway, below is what DBSV has to say.



Mermaid Maritime: BUY; S$0.64; Bloomberg Code: MMT SP
Margin disappointment

Price Target : S$ 1.03 (Prev S$ 1.11)

1Q10 below expectation on poorer than expected margins

No firm timeline for acquisition opportunities

Expect stronger 2H; maintain BUY, TP lowered to S$1.03


Comment on Results
1Q10 below due to poor subsea margins. Revenue of Bt1.1bn, while down 32%
y-o-y, was in line given the expected weak utilisation rates on its subsea
and drilling fleet (1 rig off-hire since Sep ‘09). However, recurring net
profit disappointed at Bt102.5m (-64% y-o-y), due primarily to the subsea
division. This division has an inherently high degree of operating leverage
to revenue, and resulted in group operating margins falling 9.3ppt y-o-y to
13.0%. Mermaid has net cash of Bt753.5m, following its Bt3.7bn rights issue
in Nov ‘09.

Corporate updates. While the group continues to review possible acquisition
opportunities for drilling assets in both the second-hand and newbuild
markets, it is still unable to pinpoint an exact timeframe for these to
materialise. Meanwhile, two of its three newbuild subsea vessels have been
delivered, and are currently awaiting commencement of work/tender results.
Tender rig KM-1 remains on target for late 2Q10 delivery and will be
deployed to Petronas on a 5-year contract.

Recommendation
Reduce FY10/11 recurring earnings forecasts by 6-12%, to Bt1.3bn and
Bt2.3bn respectively. This captures the weak performance in 1Q10, lower
margin assumptions on the subsea division, delivery delay on Mermaid
Endurer to 3Q10 (vs. 2Q10 previously, due to certain technical issues with
its dive system), and the lack of future contributions from chartered-in
Binh Minh, following return to its owner in mid Nov ‘09.

Maintain BUY. While 2Q performance could continue to be flattish, we
believe investors can look forward to a stronger 2H10 as Mermaid moves into
the seasonally high period, with an expanded fleet. A potential asset
acquisition could also provide a near term kicker to share price. Maintain
BUY with a reduced TP of S$1.03.

 
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