There are several comments about NTA on this thread - NTA means...

There are several comments about NTA on this thread - NTA means nothing if ship utilisation is down and there is oversupply of vessels... If you cannot sell them there worth nothing !!! So I think it is difficult to put an accurate value on the NTA of MRM, beware if using this alone as a basis for investing... Think this is what @Brumbypat was indicating by the 25% and 50c valuation - I agree

I am more interested about are contracts and keeping the fleet running - assets sitting in a harbour or on dry docks become expensive assets to maintain quiet quickly... IMO the shorters have had a field day because there has been nothing bad bad news in the announcements which has put the wind in the downward spiral... No doubt it will be a rocky road in the next 2 years, however a re-rate up to 50c would be a nice start!