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Good, drop all the way to 0.30.
DBS cuts target to $0.32 from $0.53, following recent announcement that company will dispose its 75% stake in KM-1 project at loss of US$7.4m.
bh704428 ( Date: 29-Jun-2010 23:45) Posted:
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which brokerage gave this 32 cts tp??
Bintang ( Date: 26-Jun-2010 16:20) Posted:
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Mermaid did not go up today to fill the gap at 51 cents , but it closed with a bad candle stick. It is still possible to go down to fill the gap at 46 cents .
Bintang ( Date: 27-Jun-2010 22:10) Posted:
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Mermaid Maritime
48.5 cents | Buy
UOB KayHian cuts target price to 70 cents from $1.30 after changing valuation basis to 1.0X P/B from 11.0X FY11 P/E. Lowers FY10-12 net profit estimates by 141, 71 and 69 per cent respectively to reflect loss of earnings from
KM-1 rig that oil drilling group recently sold for US$7.4 million loss.
As long as oil price is holding at 80s, this mermaid will not fall to 0.44.
Market sentiments play a part as well. I personnally feel that it may not go below 0.40.
Do yr homework before making any judgement.
wow, based on you guys expertise i think i will wack this stock.
Cause my broker also told me about this stock but his target was slightly higher at 0.55 cents..
Please advise if you have more information on this stock.. thanks
Mermaid has gapped down to reach 48 cents in last week trading . If the gap at 51 cents would not be filled in the next few days , then it would go down to 44 cents n would also closed the gap at 46 cents as well .
Bintang ( Date: 22-Jun-2010 20:09) Posted:
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This was mentioned in Edge magazine by DBS Vickers. Mermaid will be drying herself for a while..... so be patience before scooping up.
New target is 32 cents .
bishan22 ( Date: 22-Jun-2010 11:27) Posted:
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Mermaid would struggle to hold at the support at 44 cents , but breaking which may go down easily below 40 cents .
Greenbean ( Date: 26-Jun-2010 13:20) Posted:
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Many thanks to the helpful forumers here, particularly grateful to Bishan22 and Bintang posts on 22June2010 which helped decisive action, hence lessen wound. Good lesson to me. Good job to you. Jia You.
Thanks Bintang for reminder. Waiting patiently.........
It would be a great opportunity to buy when Mermaid goes down below 44 cents . DIs are now negatively placed n ADX is at 18 . The downtrend would become stronger when ADX starts to rise . RSI has only reached 50 n turned down recently , this indicates its rebounce was weak .
freeme ( Date: 23-Jun-2010 12:19) Posted:
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nah....still hv room to move DOWN further...below 44cts will consider :P ..meantime...SELL.SHORT into strength !:P
Now is the Best Time to accumulate Mermaid Maritime for those who know its True and Hidden Potential Value.
a) In Jun 2010 -Award S $34 Million Oil Drilling Contract by Chevron Indonesian Company.
b)World Top 4 Tender Rig Operator (Sources from The Edge) with 11% world market share in subseas oil drilling operations.
c) +20% earnings for FY10
d) +75% earnings for FY11.
e)Below book value for FY11 earnings.
We am accumulating Now !!!!.
slurp, slurp... when hit at 0.47 to 0.45, just grap like candies bars. Ha hah .
Agreed, will be waiting.
gd gd.. new low then will have buying opportunity
Bintang ( Date: 23-Jun-2010 12:18) Posted:
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