Investors in MRM will not be disappointed with the upcoming year end results
Even though there will be earning and dividend downgrades with a lot of companies in the ASX 500, the earnings for MRM this period, will be better or at least in line with previosly stated company forecasts
Going forward will be an exciting growth srory for Mermaid Marine Australia Pty Ltd
THERE IS NO DOWNSIDE TO THIS SERVICE COMPANY, IRRESECTIVE OF WHAT THE MARKET IS DOING
The so called analysts, I suspect, are finially starting to "sober up" from their inebriated salary packages that they have been given for years, AND REALISE THE POTENTIAL OF THIS COMPANY. Not that it makes much difference, as any careful investor does their own homework before making a committment to the market
Forget all the speculative companies. This company has strong earinings growth going forward. Many people laugh when I say the share will hit $3.00 by the end of this year.
However based on my calculations of 30 cents per share and 15 times earnings within the next eighteen months, that equates to $4.50
The mermaid is ready to fly
Once again the comments that have been posted above should not be taken as investment advice
MRM Price at posting:
$1.77 Sentiment: LT Buy Disclosure: Held
