Mermaid Maritime    Last:0.104    -0.001

Mermaid

http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_253F45B7CE91878648257AA2005F24ED/$file/Mermaid_Subsea_Award_25102012.pdf?openelement

 

http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_A7DAF9ADA1924F4048257AA2005F00DD/$file/Mermaid_AOR1_Contract_25102012.pdf?openelement

 

DYODD before making any rash decisions though! hope it rockets to the moon since i'm vested in this baby hahaha

 

yup. would like to hear what's the reason for the optimism too!

 

got insider info?

 

Enough to send it back to pre Rights level???

raymaster      ( Date: 27-Oct-2012 00:56) Posted: This fish wil turn crazy come this Monday when stock open cheong ahh. Load before to it rocket fast. Huat ah

 

This fish wil turn crazy come this
Monday when stock open cheong ahh. Load before to it rocket fast. Huat ah

 

stuck again, will it ever go back to 80 cents...

 

0.36 and up

 

Beware, notice something must be cooking on this counter !!!

good luck vesting.

 

 

next resistance at 0.38.

 

today high at 0.33

 

Long time forgotten stock!!!!!!!!!!!!!!!

Still in " up car" mode!think a lot of people stuck between 0.30-0.40

 

This stock today suddenly went up more than 10%.

Someone tell me why like that!!!!volume so low but how come this stock can fly so high!

 

This kind of statement show no understanding of evil BBs playing the markets.

They dun lose during correction in fact they are no small birds flying around, they were the ones create crash/corrections when they all finally dumping all holdings to greedy retailers who listen to tops blindly. markets finally crash is all due to their dumpings of all their holdings. They dun lose and won't come out because they are already on their yachts enjoying away with all newbies hard earn money.

cheongwee      ( Date: 02-Dec-2009 17:18) Posted: I believe BB losses heavy last correction...but they got $$$ and holding power at times.. but i hope they be back...but except for some counter..not like across the board..as before.. as gd as end game...except for those on play.

 

CIMB on Mermaid

http://sgxreports.blogspot.com/2012/03/mermaid-maritime.html 

 

Now only 10% of it's all time high... very sad

 

A long forgotten stock. This one still a laggard.........

 

Hope Mermaid top management's merry-go-round have completed and with abit of stability in Thai govt, good days finally coming soon ??? Am still holding...

 

Thank you so much for your post.
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pharoah88      ( Date: 22-Sep-2011 12:17) Posted: Mermaid Maritime - We view the cessation of CEO, Mr Denis Welch negatively. Although no adverse impact on business operations or radical change to general course of the company is expected, a perceived lack of direction for the company is damaging. In addition, while valuations are compelling (0.4x P/BV), we believe that Mermaid would at best, perform in line with market amid negative sentiment. Hence, we downgrade the stock to NEUTRAL from OUTPERFORM. We keep our estimates but lower our target price to S$0.31, based on 0.5x CY11 P/BV, bottom end of its trading range. Re-visit the stock upon better clarity on the strategic direction of the company, better-than-expected quarterly performances or favourable contracts for its newbuild jack-ups.

 

Mermaid Maritime -

We view the cessation of CEO, Mr Denis Welch negatively.

Although no adverse impact on business operations or radical change to general course of the company is expected, a perceived lack of direction for the company is damaging. In addition, while valuations are compelling (0.4x P/BV), we believe that Mermaid would at best, perform in line with market amid negative sentiment. Hence, we downgrade the stock to NEUTRAL from OUTPERFORM.

We keep our estimates but lower our target price to S$0.31, based on 0.5x CY11 P/BV, bottom end of its trading range. Re-visit the stock upon better clarity on the strategic direction of the company, better-than-expected quarterly performances or favourable contracts for its newbuild jack-ups.

 

Mermaid Maritime

Outperform | S$0.275

CIMB Securities maintains Outperform rating and target price at S$0.49.

House notes new management team is working to unlock shareholder value, and that improvements in quarterly results may win investors over while mid-term catalysts could come from contracts for its new-build jack-ups. House says: “With the share price trading below break-up value, investors could profit from any asset divestitures.”