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$2.69 mma offshore limited

Ann: Preliminary Final Report, page-4

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dnc187

2,151 Posts.

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18/08/15

09:01

Post #: 15823611
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Originally posted by asteroider ↑

They expect to remain under pressure for at least the next 12 months and comment the deterioration only hit them in the last 6 months. I think there is a risk dividends will be cut again next year to below 3c FY, and there will be more write-downs as they themselves comment that competitors are laying-up vessels.
More write downs next year = likely covenant breach and likely discounted, accelerated capital raising to the institutions doing the shorting, and hence I expect the shorts to keep their historic high positions for at least another 6 months while utilization rates are at historic lows.

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Ol'mate seeing as you don't hold any shares any more. Time to move on champ.... thanks for your input.

MRM Price at posting: 59.0¢ Sentiment: None Disclosure: Held
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0 Great analysis

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