MRM
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0.00% 33.0¢ mma offshore limited

A bit of diversification is nice, not so sure about the...

  1. croasian
    2,211 Posts.
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    02/12/16
    04:39
    Post #: 21046793
    A bit of diversification is nice, not so sure about the so-called smart money.
    I don't think the industry should be valued at scrap value either AHS. That's the clincher though as unless they have the cash it needs to be. As VH says the banks care about how much cash to meet interest payments.
    Those high tech new vessels as still valued as being used to look for oil and gas rather than carry rocks around the Mediterranean. They are not providing cash to pay debt now though.
    Last edited by croasian: 02/12/16
    MRM Price at posting: 29.5¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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