MRM Chart - Positive, page-8

Calm down....
Breathe......
Relax....
and look at what's in front of us.
Am I naive??? Or there may be A few good basic but simple indicators here???
Pe.....4.8%. Tick
Huge dividend 12%. 100% franked. Er... Tick
Income cover around 8%.... (I use 4 as a minimum). Tick
Debt equity around 50%.... So not in over their head. (I use 100% as a max). Tick
Div too high???? Nope-dividend payout ratio just fine.... Lots of Cash still going back into company.
Earnings.... Increased 10 years in a row.... Ummmm ... Good sign to me.
Earnings per share has increased 12 out of the last 13 years.....I'm guessing that's better than going backwards for 13 years??????- tick
Balance sheet got better the last three years in a row. Tick perhaps?

Oh, so the whole oil price thing??????????
Yeah I know it's quartered the share price.... But with no evidence of the fundamentals changing....a bit of speculation...but zero evidence.
A Mrm director has stated that at this stage mrm has not felt any impact from oil price...
Upon a share price query.... Mrm stated they were not aware of any information that will affect their profit forecast!
They can't really turn round now and say profit for the period has halved now can they??
The world is such a scary place...we love to jump at shadows

Last time I checked mrm doesn't produce oil.
Pretty much every engine around you runs on... Guess what...oil?
And more engines are being produced every day!
Are the oil companies going to close up shop and stop producing oil??? Yeah, I doubt that....
Are mrm going to charge less for their services to produce it??? I doubt it.
So what are the alternatives to oil?? Gas! well Mrm has the finger well in that pie too!
Sure oil price is cyclic.... But you can't get around the fact... We NEED it...we will for a long time...and I'm guessing as it is finite...and becomes scarcer....it's price inevitably has to go up.

In the interim..... Had everyone missed the elephant in the corner???????
Isn't one of the biggest COSTS of a shipping company OIL????? (Like an airline)....
So operating costs will significantly REDUCE!!!!!!!

Short term prices have been exaggerated down on unfounded fear... And may be for a bit to come.
But the fundamentals will catch up in the LONG term!!!
No guarantees for the future...but based on a long history of a strong fundamental set... there is no reason they can't take it forward with them... -more logical than jumping on the latest (unreported) fear fad