Chart has short term potential, page-451

First 451 Last

Share
Profile

Follow
ckchristian

1,759 Posts.

204

17/06/16

15:01

Post #: 18058301
Share

Originally posted by Austinhealeysprite ↑

There is hope that they could sort out with the banks but it certainly is more at the hope end of the scale of you know what I mean.

It's good news re the new boats getting some work, but what your not hearing about is anything other than the brand new ones.

From what I can see the industry is cut throat re any new contracts and its ultra competitive. We also know that MRM have not won some of the Aussie ones lately.

The US (largely) competitor companies give a good feel of how bad the oversupply is.

Should in coming weeks get updates from say Transocean (a drill and rig co, but very similar trends). Their industry outlook section of the quarterly updates should give you a better feel if there are any green shoots.

Mind you, Transocean has a better balance sheet than many of the OSV suppliers like MRM, so bear in mind there are similarities and differences therefore.

We also need to bear in mind coming impairments from MRM, should see that in next six weeks. It will be interesting getting their sign off on annual account this year..

I hate to say it as I know you topped up recently but I don't think it's going up anytime soon.

Expand

Yes I agree. Thanks for the insight.

I did sell out some at 42.5c. More downside to go so will be waiting patiently before I put more money into this.

Cheers!

MRM Price at posting: 29.5¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

ACW

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

ENV

Anteris Tech eyes US market liquidity with early-stage NASDAQ IPO paperwork

There are more pages in this discussion • 57 more messages in this thread...

First 451 Last

Add MRM (ASX) to my watchlist

Chart has short term potential, page-451

Top Stories

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

Anteris Tech eyes US market liquidity with early-stage NASDAQ IPO paperwork

Featured News