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33.0¢ mma offshore limited

huge debts carried by Singapore-listed offshore firms, page-40

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yellowfin

205 Posts.

1

17/11/16

20:34

Post #: 20701670
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Originally posted by croasian ↑

A cap raising is certainly a positive as it removes uncertainty, if it is pro rata.
In my view there is no doubt the industry will recover and in fact MRM looks to have adjusted it's business to survive a worst case scenario. The doubt and the difference with CDD, the reason I put 30% of my portfolio into CDD when it was at 50c staring at a chunky paper loss and hold no MRM is that the debt was negligible at CDD and it was making a small underlying profit.
MRM has neither of those benefits
Certainly tempted to buy but there's a risk MRM may not make it. That's enough to make even the boldest think twice.

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Yes, it's easy to wax lyrical about the negatives and be bearish when the chips are down what isn't easy is to look through the negativity and focus on the positives, be they very limited. The stock market is a very difficult at the best of times but fortune only favours the brave.

MRM Price at posting: 31.0¢ Sentiment: Buy Disclosure: Held
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