TSZ - did you go to the AGM? If so, could you post your thoughts? I am based in the UK so can't go to the AGM lol I am thinking of buying into MIO, the forward PE is only 8.3 and it looks a bit like Hamworthy, a UK stock that did well for me before it was taken over. The debt is a bit high for me - nearly 50% gearing according to reuters - but I suppose they need new ships. I note they have sold 6 old ones for $1.2m and bought 3 new ones, cost not stated. Can you tell me any more about this company?
MIO Price at posting:
$2.25 Sentiment: Buy Disclosure: Not Held
