V-H, interested to know why you feel there will be a writedown in the carrying value of the ships.
The announcements states earnings comparable with FY14. There is clearly no increased revenues to offset an impairment so do you feel MMA will issue another profit writedown within the next couple of months?
I'm not saying impossible but it would be out of character for MMA management to not be forthcoming with a possible asset reevaluation given if it was on the cards it would be known now - the bad news is already factored in and stated within the announcement (oil cycle and utility). If the possibility was there I believe management would have flagged it.
MRM Price at posting:
67.0¢ Sentiment: Buy Disclosure: Held
