concur with your thoughts AHS .....
what we have seen is:
1. MRM have been beaten to a few contracts in Oz,
2. we haven't heard any major news on boat sales
3. everyone knows that Asian fleet utilisation rates are low.
offsetting this is the banks seem to be working with management.
next update will be enlightening (viz what other co's are saying re 2nd half of 2016 and into 2017)
rgds
V_H
Chart has short term potential, page-326
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