And how did they rate the company when it was 30c ?
$MMA is clearly cheap, based on its earning profile and relative to other similar companies in the sector [$TDW who have poorer quality assets]
It is also 30-50% cheap relative to the way the market has valued the company in previous cycles relative to its NTA.
Absent a competing bid, the next production will be the 'independent expert' report.
Will they use the figures to 31/12/23 or to include the blockbuster quarter to 31/3/24 ?
Ann: MMA Offshore Enters Into Scheme Implementation Deed, page-65
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Last
$2.70 |
Change
0.000(0.00%) |
Mkt cap ! $1.023B | |||
| Open | High | Low | Value | Volume |
| $2.70 | $2.72 | $2.67 | $4.116M | 1.528M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 44668 | $2.66 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.70 | 55861 | 8 |
View Market Depth
| Last trade - 16.10pm 27/05/2024 (20 minute delay) ? |
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Last
$2.68 |
Change
0.000 ( 0.42 %) |
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| Open | High | Low | Volume | ||
| $2.70 | $2.71 | $2.67 | 115984 | ||
| Last updated 15.59pm 27/05/2024 ? | |||||
| MRM (ASX) Chart |