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Latest Forum Topics / Mermaid Maritime Last:0.128

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Mermaid

pharoah88
Supreme

14-Apr-2010 13:14

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Mermaid

Symbol:
DU4

Currency:
Singapore Dollar

Last:

0.755

+ 0.015

Vol (K): 4840.0

Trading
Updated Time	14-Apr 12:39
Open	0.745	High	0.76	Low	0.735
Prev Close	0.74	Buy	-	Sell	-
Volume(K)	4840.0	Buy Vol(K)	-	Sell Vol(K)	-
52 Wk High	1.19	52 Wk Low	0.295	52 Wk Avg Vol	2296.953
All Time High	2.36	All Time Low	0.19
Comments	No Info

*Reporting Currency in THB
Important: ShareJunction obtains our finance data from a third party. Check financial year before use. EPS values are recorded up to two decimal points.

Financials
Date Updated	31-Mar-2010	Financial Year	30-Sep-2009
Current Year Profit (After Tax) $'000,000	714.485	Previous Year Profit (After Tax) $'000,000	1156.29
Net Asset Per Share	12.38	Turnover $'000,000	61.63
Current Year EPS (After Interest and Tax)	0.91	Previous Year EPS (After Interest and Tax)	1.47
PE Ratio (After Tax)	17.5	Times Covered	0.0
Price (at update time)	0.69	Dividend Yield	0.0

*Technical Analysis Information is updated Daily

Technicals
RSI	61.41	Williams %R	-27.78
Comments (RSI)	No Info	Comments (W%R)	No Info

Intraday Chart

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pharoah88
Supreme

14-Apr-2010 13:08

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S$1.18

EAT MY ABALONE

I DARE YOU

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pharoah88
Supreme

14-Apr-2010 10:17

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Singapore 2010 GDP revised from 3~4.5% to 7~9.0%

SINGAPORE 2010 GDP DOUBLE

Singapore is an ISLAND

Singapore business is EXPORT

Singapore business is SHIPPING BASED

SHIPPING will DOUBLE

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Zhiwei
Senior

13-Apr-2010 21:46

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yes bro ..... make this baby fly high
Smiley

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risktaker
Supreme

13-Apr-2010 21:01

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Yells: "Sometimes you think you know, but in fact you dont"

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Want me to support this baby ?

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pharoah88
Supreme

13-Apr-2010 19:49

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Tuesday: 13 APRIL 2010 CLOSING

5,015,000   S$0.740 -S$0.005

S$0.735        121,000

S$0.740       847,000     (278,000 BfS)

S$0.745     1,505,000   (798,000 BfS)

S$0.750        421,000     (881,000 BfS)

S$0.755     1,272,000     (720,000 BfS)

S$0.760        801,000     (445,000 BfS) 193,000 MiD

S$0.765          48,000       (48,000 BfS)

Profit Taking Day

STRONG underCurrent S$0.76

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pharoah88
Supreme

13-Apr-2010 14:31

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Profit Taking Dips are

PERFECT TiMES

tO PiCK UP mOre gOOd shares

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pharoah88
Supreme

13-Apr-2010 13:38

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pharoah88
Supreme

13-Apr-2010 10:26

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S$1.18

MERMAID LOVES YOU

YOU LOVE MERMAID

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pharoah88
Supreme

13-Apr-2010 10:10

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Mermaid

Symbol:
DU4

Currency:
Singapore Dollar

Last:

0.755

+ 0.01

Vol (K): 1906.0

Trading
Updated Time	13-Apr 09:47
Open	0.745	High	0.765	Low	0.74
Prev Close	0.745	Buy	-	Sell	-
Volume(K)	1906.0	Buy Vol(K)	-	Sell Vol(K)	-
52 Wk High	1.19	52 Wk Low	0.295	52 Wk Avg Vol	2292.611
All Time High	2.36	All Time Low	0.19
Comments	No Info

*Reporting Currency in THB
Important: ShareJunction obtains our finance data from a third party. Check financial year before use. EPS values are recorded up to two decimal points.

Financials
Date Updated	31-Mar-2010	Financial Year	30-Sep-2009
Current Year Profit (After Tax) $'000,000	714.485	Previous Year Profit (After Tax) $'000,000	1156.29
Net Asset Per Share	12.38	Turnover $'000,000	61.63
Current Year EPS (After Interest and Tax)	0.91	Previous Year EPS (After Interest and Tax)	1.47
PE Ratio (After Tax)	17.5	Times Covered	0.0
Price (at update time)	0.69	Dividend Yield	0.0

*Technical Analysis Information is updated Daily

Technicals
RSI	63.71	Williams %R	-17.65
Comments (RSI)	No Info	Comments (W%R)	Overbought

Intraday Chart

CHARTING has ERROR

DAY HiGH S$0.765 is nOt there yet ?

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Hulumas
Supreme

12-Apr-2010 23:20

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Yells: "INVEST but not TRADE please!"

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I am not vested yet.

risktaker ( Date: 12-Apr-2010 21:23) Posted:

1.18 ? Ok if i am big boys i will play untill $1.00 only

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risktaker
Supreme

12-Apr-2010 21:23

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Yells: "Sometimes you think you know, but in fact you dont"

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1.18 ? Ok if i am big boys i will play untill $1.00 only

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pharoah88
Supreme

12-Apr-2010 18:45

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S$1.18

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pharoah88
Supreme

12-Apr-2010 18:44

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Monday: 12 APRIL 2010 CLOSING

7,815,000     S$0.745 +S$0.010

S$0.735        848,000     (284,000 BfS)

S$0.740     1,510,000     (742,000 BfS)

S$0.745     2,344,000 (1,274,000 BfS)

S$0.750     1,356,000     (881,000 BfS)

S$0.755     1,756,000 (1,553,000 BfS)

S$0.760           1,000         (1,000 BfS)

STRONG underCurrent S$0.755

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pharoah88
Supreme

12-Apr-2010 18:37

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Mermaid

Symbol:
DU4

Currency:
Singapore Dollar

Last:

0.745

+ 0.0050

Vol (K): 7815.0

Trading
Updated Time	12-Apr 17:05
Open	0.745	High	0.76	Low	0.735
Prev Close	0.74	Buy	-	Sell	-
Volume(K)	7815.0	Buy Vol(K)	-	Sell Vol(K)	-
52 Wk High	1.19	52 Wk Low	0.28	52 Wk Avg Vol	2283.776
All Time High	2.36	All Time Low	0.19
Comments	No Info

*Reporting Currency in THB
Important: ShareJunction obtains our finance data from a third party. Check financial year before use. EPS values are recorded up to two decimal points.

Financials
Date Updated	31-Mar-2010	Financial Year	30-Sep-2009
Current Year Profit (After Tax) $'000,000	714.485	Previous Year Profit (After Tax) $'000,000	1156.29
Net Asset Per Share	12.38	Turnover $'000,000	61.63
Current Year EPS (After Interest and Tax)	0.91	Previous Year EPS (After Interest and Tax)	1.47
PE Ratio (After Tax)	17.5	Times Covered	0.0
Price (at update time)	0.69	Dividend Yield	0.0

*Technical Analysis Information is updated Daily

Technicals
RSI	62.4	Williams %R	0.0
Comments (RSI)	No Info	Comments (W%R)	Overbought

Intraday Chart

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pharoah88
Supreme

12-Apr-2010 09:33

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mOst Of them fOrgOt that

MERMAID was a CHAMPiON

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E-war
Veteran

10-Apr-2010 18:47

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I'm liking this sector now. Cheers to all who bought commodities/ commodities related stocks.

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pharoah88
Supreme

10-Apr-2010 16:19

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GAP UP

S$0.840

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pharoah88
Supreme

09-Apr-2010 20:03

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S$1.18

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pharoah88
Supreme

09-Apr-2010 20:01

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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

starbugs ( Date: 17-Feb-2010 23:00) Posted:

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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