| Latest Forum Topics / Mermaid Maritime Last:0.13 -- |
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Mermaid
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sunview
Member |
01-Oct-2013 13:28
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Mermaid Maritime is proposing to place out up to 58.1m shares, being the remaining unsubscribed Excess Rights Shares, to institutional and other investors at S$0.280 each to raise gross proceeds of up to S$16.3m. The proceeds will be mainly used for investment in drilling rigs and/or subsea vessels and acquisitions of additional machineries. Share price is now up 1.5 cents to $0.30 on higher volume. It looks good on the chart. Rebound may be on the way. |
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luketoh
Senior |
11-Sep-2013 14:19
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Guess the rights sure under subscribe... | ||
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dingbat
Senior |
06-Sep-2013 13:38
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Last day for rights subscription. Mermaid's tail hardly flopping. With the looming Syrian strike and oil hikes, really unfathomable why the price still lags behind other loss making coys like REX. Mermaid captain needs to start reeling back the price or catch no bites from retailers. | ||
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sk6666
Veteran |
05-Sep-2013 13:15
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You may have make a wise choice.
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starlene
Elite |
05-Sep-2013 13:13
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looks like they are pushing for pple to pay for rights --cosmetic only
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luketoh
Senior |
30-Aug-2013 22:59
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Dont feel like subscribe it...not attractive at all. | ||
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francisd
Veteran |
20-Aug-2013 16:39
Yells: "BUY LOW SELL HIGH" |
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YES. This is a possibility. Cheers.
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Ahling
Member |
20-Aug-2013 16:15
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Will there be cases whereby the management suddenly lower the subscription price?? As given that the market is now trading below the rights subscription price? | ||
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Ahling
Member |
20-Aug-2013 15:57
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Mermaid is now 0.265. Wouldnt it be cheaper to buy them now instead of subscribing to the rights? Can sell the entitled rights, correct? |
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raymaster
Member |
20-Aug-2013 15:03
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Don't worry Mermaid will definite bounce back. it is very common that price will drop after issuing right issue. Gd luck vesting. |
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dingbat
Senior |
20-Aug-2013 14:18
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Is the plunge in price due to mkt correction [funds pulling out] or something else. Strange since Mermaid has been reporting profitable results throughout the year. It doesn't issue rights frequently [like yoma] and this one had been approved some months back. Mermaid towkays, hope it won't be Oceanus 2. |
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PauloGan
Member |
20-Aug-2013 07:24
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Many companies are trading below NAV.
My opinion is don't get excited over them. A company keep issuing rights may not be a good sign. If the management is enhancing the wealth of shareholders, then it's still alright to invest in it. Mermaid, I don't see the worth to take the risk.
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Drstock
Member |
19-Aug-2013 20:19
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Est. intrinsic value of Mermaid is 0.43 | ||
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dingbat
Senior |
19-Aug-2013 19:26
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This rights issue is a farce, the price oredy drop to 28.5cents before ex-date. Hope the towkays will do something abt it. | ||
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raymondlimtt
Member |
22-May-2013 23:14
Yells: "raymond" |
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Yes you are right. Mermaid is going up | ||
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flyersummer
Member |
22-May-2013 21:59
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high vol today | ||
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flyersummer
Member |
17-Apr-2013 21:15
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ASIA OFFSHORE DRILLING LIMITED TAKES DELIVERY OF JACK-UP RIG ‘AOD II’ Rig will now mobilize to the Middle East to commence contract with Saudi Aramco Mermaid Maritime Public Company Limited (“Mermaid”) is pleased to announce that the second rig ordered by its associate Asia Offshore Drilling Limited (“AOD”) from Keppel FELS Limited (“Keppel”) in Singapore, ‘AOD II’, has been successfully delivered to AOD’s wholly owned subsidiary, Asia Offshore Rig 2 Limited. ‘AOD II’ will now be mobilised to the Middle East to commence its drilling contract with Saudi Aramco. This contract, previously announced on 13 March 2013, has a minimum duration of three years plus a one-year option. The potential revenues for the initial threeyear period are approximately USD 197 million plus a mobilisation fee of USD 34 million covering certain upgrades, mobilisation costs, and day rates during the mobilisation period. The said drilling contract is scheduled to commence by end of June 2013. Please be informed accordingly. Vincent Siaw Company Secretary 17 April 2013
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ariesa_ohm
Member |
23-Mar-2013 22:19
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When is the closing date of the rights issues anyone??? | ||
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akchua
Senior |
21-Mar-2013 00:04
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Yes Raymond.
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guoyanyunyan
Elite |
20-Mar-2013 23:45
Yells: "uncertainty always exist" |
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This may be useful ... [Link]...
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