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Latest Forum Topics / Mermaid Maritime    Last:0.13    -0.002  Post Reply
Mermaid
Hulumas
Supreme
25-Mar-2010 09:27     
 
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 Alert Admin 		Yes, I think so.

Zhiwei      ( Date: 15-Mar-2010 17:33) Posted:

so is this a good new for the counter to uptrend?

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pharoah88
Supreme
25-Mar-2010 09:14     
 
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 Alert Admin

what  are  the  technicals?

there is STiLL  nO  grEEn  cOlOur?



ozone2002      ( Date: 25-Mar-2010 09:11) Posted:



mermaid beautiful entry on the technicals..

vest 70c..

go go go

dyodd
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ozone2002
Supreme
25-Mar-2010 09:11     
 
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mermaid beautiful entry on the technicals..

vest 70c..

go go go

dyodd
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pharoah88
Supreme
16-Mar-2010 10:07     
 
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 Alert Admin 		MerMaid  lOst  all her  suitOrs?
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pharoah88
Supreme
15-Mar-2010 17:56     
 
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 Alert Admin 		QUALITY is there  QUANTITY is the FORCE
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pharoah88
Supreme
15-Mar-2010 17:39     
 
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 Alert Admin

Generally, it is pOsitive.

Need to wait for analysts to Quantify the IMPACT.
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Zhiwei
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15-Mar-2010 17:33     
 
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 Alert Admin 		so is this a good new for the counter to uptrend?
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pharoah88
Supreme
15-Mar-2010 12:22     
 
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Monday, 15th March 2010

A unit of Mermaid Maritime has acquired Subtech Ltd

to expand its subsea presence in the Middle East and the Persian Gulf.
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Bintang
Elite
13-Mar-2010 21:48     
 
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 Alert Admin 		Mermaid fell below its 200MA since Feb2010 , it tried very hard to rebound from the low at 63 cents in order to fill the falling gap at 70.5 cents . It did fill the gap already , but still did not have the momemtum to cross the 200MA . It is now forming the bottom while its medium n long term moving averages are above its share price . To reverse the trend may have to take some time .

pharoah88      ( Date: 13-Mar-2010 16:30) Posted:

it is nOw S$0.710

what is next?



Bintang      ( Date: 18-Feb-2010 15:53) Posted:

Mermaid has rebounded to achieved the 70.5 cents target n filled the gap as well , n never cross the 200MA . The technical rebounce may have completed n downtrend may resume


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pharoah88
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13-Mar-2010 16:30     
 
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 Alert Admin

it is nOw S$0.710

what is next?



Bintang      ( Date: 18-Feb-2010 15:53) Posted:

Mermaid has rebounded to achieved the 70.5 cents target n filled the gap as well , n never cross the 200MA . The technical rebounce may have completed n downtrend may resume .

Bintang      ( Date: 10-Feb-2010 20:48) Posted:

Mermaid got a weak rebounce to 93.5 cents to fill a gap there last month  , n with the reversal pattern formed , it came down so fast for five straight weeks to reach 63 cents recently . The 200MA has been broken down easily , if  there would be a technical rebounce , then the share price would only move up to 70.5 cents to fill a gap there n touching the 200 MA as well


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pharoah88
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01-Mar-2010 13:03     
 
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 Alert Admin 		WHERE have all the MERMAID's MATES gOne?
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Bon3260
Supreme
25-Feb-2010 17:59     
 
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 Alert Admin
MISCELLANEOUS
* Asterisks denote mandatory information
 
Name of Announcer * MERMAID MARITIME PUBLIC CO LTD  
Company Registration No. 0107550000017  
Announcement submitted on behalf of MERMAID MARITIME PUBLIC CO LTD  
Announcement is submitted with respect to * MERMAID MARITIME PUBLIC CO LTD  
Announcement is submitted by * Vincent Siaw  
Designation * Company Secretary  
Date & Time of Broadcast 25-Feb-2010 17:44:25  
Announcement No. 00178  
 
 
>> ANNOUNCEMENT DETAILS
The details of the announcement start here ...
 
Announcement Title * Mermaid Secures Sub-Sea Services Call Out Contract with Chevron in the Gulf of Thailand  
 
Description
   
 


 
Attachments
Total size = 165K
(2048K size limit recommended)
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pharoah88
Supreme
22-Feb-2010 15:08     
 
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 Alert Admin
MERMAID Shareholders' Forum SUNTEC on Sat: 27 Feb 2010 Posted at 2010/02/22 15:00  
Instead of the usual AGM, MERMAID invites shareholders to SUNTEC on Saturday, 27th February 2010 for a FORUM.
Level 3 Room 314
09:30 - 11:00

AGENDA
To discuss MERMAID matters on an informal basis.
         
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maxcty
Master
19-Feb-2010 10:54     
 
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hi bintang, thanks for the info. yet to vested in Olam but a mistake to load on SAR. will see opportunity to load on Olam this time. my loading price is 2.30.hee..

thanks once again.



Bintang      ( Date: 19-Feb-2010 10:46) Posted:

Hi maxcty , it looks like Olam has completed the rebounce n is on the way to reach the gap at $2.38 n $2.32 .

Bintang      ( Date: 17-Feb-2010 14:16) Posted:

Hi maxcty , Olam has a good rebounce this morning to $2.65 , but pulled back to $2.60 at miday closing .If  the up move would not accompany with greater volume , this rebounce would end very soon . Furthermore , there are gaps at $2.38 n $2.32 have not filled yet


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Bintang
Elite
19-Feb-2010 10:46     
 
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 Alert Admin 		Hi maxcty , it looks like Olam has completed the rebounce n is on the way to reach the gap at $2.38 n $2.32 .

Bintang      ( Date: 17-Feb-2010 14:16) Posted:

Hi maxcty , Olam has a good rebounce this morning to $2.65 , but pulled back to $2.60 at miday closing .If  the up move would not accompany with greater volume , this rebounce would end very soon . Furthermore , there are gaps at $2.38 n $2.32 have not filled yet .

maxcty      ( Date: 17-Feb-2010 13:18) Posted:

hi Bintang, nice for your view for SAR. always love to see your views. 

u mind sharing your view for Olam? 



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dealer0168
Elite
18-Feb-2010 16:02     
 
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 Alert Admin 		Mermaid results been out, no catalsyt to spur it now. Unless got new contracts..........play again
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ronleech
Master
18-Feb-2010 16:01     
 
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 Alert Admin 		Think it will go down to .63 - .65 range and stay there for another run....
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Bintang
Elite
18-Feb-2010 15:53     
 
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 Alert Admin 		Mermaid has rebounded to achieved the 70.5 cents target n filled the gap as well , n never cross the 200MA . The technical rebounce may have completed n downtrend may resume .

Bintang      ( Date: 10-Feb-2010 20:48) Posted:

Mermaid got a weak rebounce to 93.5 cents to fill a gap there last month  , n with the reversal pattern formed , it came down so fast for five straight weeks to reach 63 cents recently . The 200MA has been broken down easily , if  there would be a technical rebounce , then the share price would only move up to 70.5 cents to fill a gap there n touching the 200 MA as well .

Bintang      ( Date: 27-Nov-2009 11:01) Posted:

Very weak support is  at 78 cents , breaking the support would only find another support at 71 cents . Finally the only support to this uptrend would be at 57 cents which is below the right-issue price at 64 cents .
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starbugs
Member
17-Feb-2010 23:00     
 
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 Alert Admin 		Personally, I thought the Q1 results are very disappointing. Subsea drilling/engineering vessel utlisation is just 40+%. One drilling vessel is out of contract and is expected to remain so until Q3 due to monsoon. CAPEX is also high (too aggressive?) because "customers have a preference for newer equipment"

Anyway, below is what DBSV has to say.



Mermaid Maritime: BUY; S$0.64; Bloomberg Code: MMT SP
Margin disappointment

Price Target : S$ 1.03 (Prev S$ 1.11)

1Q10 below expectation on poorer than expected margins

No firm timeline for acquisition opportunities

Expect stronger 2H; maintain BUY, TP lowered to S$1.03


Comment on Results
1Q10 below due to poor subsea margins. Revenue of Bt1.1bn, while down 32%
y-o-y, was in line given the expected weak utilisation rates on its subsea
and drilling fleet (1 rig off-hire since Sep ‘09). However, recurring net
profit disappointed at Bt102.5m (-64% y-o-y), due primarily to the subsea
division. This division has an inherently high degree of operating leverage
to revenue, and resulted in group operating margins falling 9.3ppt y-o-y to
13.0%. Mermaid has net cash of Bt753.5m, following its Bt3.7bn rights issue
in Nov ‘09.

Corporate updates. While the group continues to review possible acquisition
opportunities for drilling assets in both the second-hand and newbuild
markets, it is still unable to pinpoint an exact timeframe for these to
materialise. Meanwhile, two of its three newbuild subsea vessels have been
delivered, and are currently awaiting commencement of work/tender results.
Tender rig KM-1 remains on target for late 2Q10 delivery and will be
deployed to Petronas on a 5-year contract.

Recommendation
Reduce FY10/11 recurring earnings forecasts by 6-12%, to Bt1.3bn and
Bt2.3bn respectively. This captures the weak performance in 1Q10, lower
margin assumptions on the subsea division, delivery delay on Mermaid
Endurer to 3Q10 (vs. 2Q10 previously, due to certain technical issues with
its dive system), and the lack of future contributions from chartered-in
Binh Minh, following return to its owner in mid Nov ‘09.

Maintain BUY. While 2Q performance could continue to be flattish, we
believe investors can look forward to a stronger 2H10 as Mermaid moves into
the seasonally high period, with an expanded fleet. A potential asset
acquisition could also provide a near term kicker to share price. Maintain
BUY with a reduced TP of S$1.03.
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maxcty
Master
17-Feb-2010 16:18     
 
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thanks for the sharing of your thoughts. 

good info for me. Happy trading.

cheers.



Bintang      ( Date: 17-Feb-2010 14:16) Posted:

Hi maxcty , Olam has a good rebounce this morning to $2.65 , but pulled back to $2.60 at miday closing .If  the up move would not accompany with greater volume , this rebounce would end very soon . Furthermore , there are gaps at $2.38 n $2.32 have not filled yet .

maxcty      ( Date: 17-Feb-2010 13:18) Posted:

hi Bintang, nice for your view for SAR. always love to see your views. 

u mind sharing your view for Olam? 



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