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Yes, I think so.
Zhiwei ( Date: 15-Mar-2010 17:33) Posted:
| so is this a good new for the counter to uptrend? |
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what are the technicals?
there is STiLL nO grEEn cOlOur?
ozone2002 ( Date: 25-Mar-2010 09:11) Posted:
mermaid beautiful entry on the technicals..
vest 70c..
go go go
dyodd |
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mermaid beautiful entry on the technicals..
vest 70c..
go go go
dyodd
MerMaid lOst all her suitOrs?
QUALITY is there QUANTITY is the FORCE
Generally, it is pOsitive.
Need to wait for analysts to Quantify the IMPACT.
so is this a good new for the counter to uptrend?
Monday, 15th March 2010
A unit of Mermaid Maritime has acquired Subtech Ltd
to expand its subsea presence in the Middle East and the Persian Gulf.
Mermaid fell below its 200MA since Feb2010 , it tried very hard to rebound from the low at 63 cents in order to fill the falling gap at 70.5 cents . It did fill the gap already , but still did not have the momemtum to cross the 200MA . It is now forming the bottom while its medium n long term moving averages are above its share price . To reverse the trend may have to take some time .
pharoah88 ( Date: 13-Mar-2010 16:30) Posted:
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it is nOw S$0.710
what is next?
Bintang ( Date: 18-Feb-2010 15:53) Posted:
| Mermaid has rebounded to achieved the 70.5 cents target n filled the gap as well , n never cross the 200MA . The technical rebounce may have completed n downtrend may resume |
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it is nOw S$0.710
what is next?
Bintang ( Date: 18-Feb-2010 15:53) Posted:
Mermaid has rebounded to achieved the 70.5 cents target n filled the gap as well , n never cross the 200MA . The technical rebounce may have completed n downtrend may resume .
Bintang ( Date: 10-Feb-2010 20:48) Posted:
| Mermaid got a weak rebounce to 93.5 cents to fill a gap there last month , n with the reversal pattern formed , it came down so fast for five straight weeks to reach 63 cents recently . The 200MA has been broken down easily , if there would be a technical rebounce , then the share price would only move up to 70.5 cents to fill a gap there n touching the 200 MA as well |
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WHERE have all the MERMAID's MATES gOne?
| * Asterisks denote mandatory information |
| "DISCLAIMER:- This announcement was prepared and issued by the below mentioned listed issuer to the Exchange. The Exchange assumes no responsibility for the correctness of any of the statements made, opinions expressed or reports contained in this announcement and is posting this announcement on SGXNET for the sole purpose of dissemination only. In the event of any queries or clarification required in respect of any matters arising from this announcement, such queries are to be made to the listed issuer directly and not to the Exchange. The Exchange shall not be liable for any losses or damages howsoever arising as a result of the circulation, publication and dissemination of this announcement." |
| Name of Announcer * |
MERMAID MARITIME PUBLIC CO LTD |
| Company Registration No. |
0107550000017 |
| Announcement submitted on behalf of |
MERMAID MARITIME PUBLIC CO LTD |
| Announcement is submitted with respect to * |
MERMAID MARITIME PUBLIC CO LTD |
| Announcement is submitted by * |
Vincent Siaw |
| Designation * |
Company Secretary |
| Date & Time of Broadcast |
25-Feb-2010 17:44:25 |
| Announcement No. |
00178 |
| The details of the announcement start here ... |
| Announcement Title * |
Mermaid Secures Sub-Sea Services Call Out Contract with Chevron in the Gulf of Thailand |
| Attachments |
Total size = 165K
(2048K size limit recommended)
|
| MERMAID Shareholders' Forum SUNTEC on Sat: 27 Feb 2010 Posted at 2010/02/22 15:00 |
|
Instead of the usual AGM, MERMAID invites shareholders to SUNTEC on Saturday, 27th February 2010 for a FORUM. Level 3 Room 314 09:30 - 11:00 AGENDA To discuss MERMAID matters on an informal basis. 
|
hi bintang, thanks for the info. yet to vested in Olam but a mistake to load on SAR. will see opportunity to load on Olam this time. my loading price is 2.30.hee..
thanks once again.
Bintang ( Date: 19-Feb-2010 10:46) Posted:
Hi maxcty , it looks like Olam has completed the rebounce n is on the way to reach the gap at $2.38 n $2.32 .
Bintang ( Date: 17-Feb-2010 14:16) Posted:
| Hi maxcty , Olam has a good rebounce this morning to $2.65 , but pulled back to $2.60 at miday closing .If the up move would not accompany with greater volume , this rebounce would end very soon . Furthermore , there are gaps at $2.38 n $2.32 have not filled yet |
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Hi maxcty , it looks like Olam has completed the rebounce n is on the way to reach the gap at $2.38 n $2.32 .
Bintang ( Date: 17-Feb-2010 14:16) Posted:
Hi maxcty , Olam has a good rebounce this morning to $2.65 , but pulled back to $2.60 at miday closing .If the up move would not accompany with greater volume , this rebounce would end very soon . Furthermore , there are gaps at $2.38 n $2.32 have not filled yet .
maxcty ( Date: 17-Feb-2010 13:18) Posted:
hi Bintang, nice for your view for SAR. always love to see your views. u mind sharing your view for Olam?
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Mermaid results been out, no catalsyt to spur it now. Unless got new contracts..........play again
Think it will go down to .63 - .65 range and stay there for another run....
Mermaid has rebounded to achieved the 70.5 cents target n filled the gap as well , n never cross the 200MA . The technical rebounce may have completed n downtrend may resume .
Bintang ( Date: 10-Feb-2010 20:48) Posted:
Mermaid got a weak rebounce to 93.5 cents to fill a gap there last month , n with the reversal pattern formed , it came down so fast for five straight weeks to reach 63 cents recently . The 200MA has been broken down easily , if there would be a technical rebounce , then the share price would only move up to 70.5 cents to fill a gap there n touching the 200 MA as well .
Bintang ( Date: 27-Nov-2009 11:01) Posted:
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Very weak support is at 78 cents , breaking the support would only find another support at 71 cents . Finally the only support to this uptrend would be at 57 cents which is below the right-issue price at 64 cents . |
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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.
thanks for the sharing of your thoughts.
good info for me. Happy trading.
cheers.
Bintang ( Date: 17-Feb-2010 14:16) Posted:
Hi maxcty , Olam has a good rebounce this morning to $2.65 , but pulled back to $2.60 at miday closing .If the up move would not accompany with greater volume , this rebounce would end very soon . Furthermore , there are gaps at $2.38 n $2.32 have not filled yet .
maxcty ( Date: 17-Feb-2010 13:18) Posted:
hi Bintang, nice for your view for SAR. always love to see your views. u mind sharing your view for Olam?
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