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1,561 Posts.
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07/08/09
15:31
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Don't have password access to AFR, but in summary:
- heading was "Bargains in mining services" and covered Tox Free Solutions, Mermaid Marine Australia, Norfolk and Emeco
- speculation regarding NFK since Maui increased its stake
- Maui originally floated NFK in 2007 at $1.95
- a broker (not named) suspects that it could be taken private again
- ownership structure viewed as not stable and "something likely to happen short term"
- "probable scenario" is to split the assets between Maui and MND
- improving economy and corporate action potential has lifted the sp
- stock trading at EV/EBITDA of 4.6 (16% below its peers)
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