I agree that the company would be attractive around its current...

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Austinhealeysprite

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14/08/16

18:50

Post #: 18514718
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Originally posted by croasian ↑

I have bought a few and want to learn more about the business, the shareprice I can check any day and choose to buy or sell so maybe let's not talk about it.
It doesn't mean anything, just that two anonymous people made a trade. I don't know which was the savvy one just from fluctuations.
A few things I need to find out about Jaya, it does seem like it's weighing on results - some have said a major mistake by management and its hard to argue against that (although hindsight vision is 20-20).
The boatbuilding capacity is interesting, I wonder though - surely there's not much demand for new vessels at the moment.
The new ones for the INPEX Ichthys are going to be great from next year but are the build costs weighing on free cashflow?
If the company can survive the next 12 months intact then there seems evidence that it will prove attractive at these prices. I really want to see if I can come to a conclusion on this.
I will do some annual report sleuthing and see what comes up.

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I agree that the company would be attractive around its current price if it can stay in business in an unchanged manner. Simple fact is the matter is it can't.
Business fundamentals are terrible. And they will get worse.
At the moment all that is holding up its share price is the increasing position of a single investor. I suspect a Cardno like situation after the control is built up. What did Cresent bid for Cardno? Were Cresent bidding $3.25 ( sorry if I was wrong the their bid was a different price) less than 12 months ago for a stock that is now about 60 cents?

MRM Price at posting: 35.0¢ Sentiment: Sell Disclosure: Held
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I agree that the company would be attractive around its current...

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To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Dale Gillham's weekly wrap: Sigma-Chemist Warehouse merger creates pharma powerhouse

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