I suggest that when the oil price does bounce, and I believe it...

I suggest that when the oil price does bounce, and I believe it will this year, that there will be a lot of major players looking to recoup their losses in the current price environment. When it turns, it will get very hectic for businesses like MRM.

MRM have not hidden the fact in their releases that CY2016 would be subdued. They have not hidden that utilisation rates are very low. They have not hidden its a very tough environment right now. There is no more bad news other than to confirm what they have already released.

But what they also disclose is that they are positioning the business to make the most of the upturn. I would like to see dividends on hold to reduce gearing because all that matters this year is survival because there are many that will fall.