MRM 0.00% 33.0¢ mma offshore limited

Chart has short term potential, page-256

  1. 896 Posts.
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    Shipmaster I'd not stress re the moderation.

    Without trawling too far West Coast has in the past got a few HC speeding tickets (prior moderations) going from recollection, so perhaps WC was on a watch list when making the slightly nostalgic post about a prior regular on this forum. Might have been a HC false positive.

    The recent moderated post by red tiger was because of his or her boring comment I recall as 'go away'. Red tiger comment was probably directed at me....

    Back to business.... My research of competitors has been sobering. If there is a bright light tho from Gulfmark (refer to questions asked in their latest quarterly conference call) it was re the opex is SE Asia.

    The SE Asia opex is low, real low, compared to the day rates of a couple of years ago, and compared to western opex costs. So... That means lots of profit in SEA in the good times.

    But... MRM were not the only ones to figure this out. So there is really huge oversupply there and this is a big big risk and it likely cash flow strong negative position at the moment

    IMO only MRM is a big risk / big reward proposition. If it was only the Aussie business it would be a lot less risky.
    Last edited by Austinhealeysprite: 18/05/16
 
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