Australia's largest stock trading and investment forum Australia's #1 stock forum

MRM

Click for more information

0.00%

33.0¢ mma offshore limited

$140 million impairment charge says it all, page-28

First 28 Last

Share
Profile

Follow
croasian

2,211 Posts.

48

01/08/16

08:29

Post #: 18412669
Share

Originally posted by Brumbypat ↑

The way I look at it, there are many hundreds of other companies on the ASX that you could invest in with far more likelihood of success and less downside risk.

AHS saved me a stack of capital with his research and Antibotter obviously knows the company backwards.

I used to think MRM was a great bet with its high NTA, but I eventually worked out that lack of contract wins and cash flow was going to drive them to refinancing (i.e. Tearing the existing shareholders a new one).

I would give more credit to their advice.

IMO the best result for current holders would probably be liquidation and hope that there's enough left over to get your capital back.

Expand

I don't think I have failed to give credit where due. I can't be accused of falling over myself in mad panic to buy MRM - I also have watched and waited a long time on my own advice.
Right now I agree there are better options than MRM but that MAY change.

MRM Price at posting: 29.5¢ Sentiment: None Disclosure: Not Held
1 Upvote

0 Great analysis

Reply

Top Stories

WC8

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

Chaos reigns markets – so let's take stock of where we're at ahead of December

ACW

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

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

MIN

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

There are more pages in this discussion • 4 more messages in this thread...

First 28 Last

Add MRM (ASX) to my watchlist