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Austinhealeysprite

932 Posts.

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17/10/16

19:19

Post #: 19918940
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Originally posted by yellowfin ↑

AHS,o

I acknowledge your comparison for MRM and TDW during the downturn but my reference to the share price comparison’s over the past month or so was more to reflect the effects of the rising oil price on TDW’s share price rather than a direct comparison between the two companies. TDW May have an office in Perth but their presence in Australia is very limited since they lost the ESSO Bass Strait contract in the 90’s. MRM, Maersk and Farstad, with their modern high quality fleets are the dominant players in Australia. TDW tend to focus on “Cheap Charlie “ work in Vietnam, Thailand and Indonesia etc. This is being run from their regional office in Perth. MRM and TDW offer different levels of service and MRM has the added attraction of shore facilities in Australia, Singapore and Bataam. I am expecting MRM to , eventually, succumb to the rising oil price and start moving higher , like TDW. I wouldn’t hang your hat on a cap raising, however, at these low prices I wouldn’t be that disappointed if they did tap the market. My CDD shares have been” on a tear” since their raising a few months ago. I would expect a similar outcome for MRM. I would be inclined to pick up a few MRM shares in order to participate if they do cap raise.
In my view Oil has a lot further to go so I think MRM will hold off on a c ap raise.

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Hi Yellowfin.

Appreciate your thoughts re today's market update.

My observations include that on the one hand it's a bit of worry should things get worse yet, and the last couple of updates have not been positive, a trend that can not be sustained, however, reading between the lines there does seem to be a change of line from MRM that leans towards perhaps green shoots (noting that green shoots can easily not survive).

Regards AHS.

Last edited by Austinhealeysprite: 17/10/16

MRM Price at posting: 34.0¢ Sentiment: Sell Disclosure: Held
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