MRM 0.00% $2.68 mma offshore limited

Ann: Trading Update, page-23

  1. 2,226 Posts.
    lightbulb Created with Sketch. 129

    Makes the 2023 stock pick on live wire, wow have times changed
    https://www.livewiremarkets.com/wires/the-1-stock-picks-for-2023

    MMA Offshore (ASX: MRM)

    Michael Goldberg: The sector that we like the most at the moment is the energy space. We've liked it for quite some time. I think it offers some promise going forwards in the next couple of years. Specifically, one of the companies that we own quite a bit of is MMA Offshore. They've got their foot in both the old camp - they service and they provide services to offshore oil and gas. But they also have about 20% of their revenue now coming from wind farms. So that's a space that we really like. We think that they're trading at a substantial discount to what we think they're worth. We tend to think they're probably worth about $1.50, which is a little bit less than two times their NTA. They're currently trading at about 75% of their net tangible assets. And that's a real NTA, unlike a lot of companies that make promises but don't deliver when it comes time to sell. So MMA Offshore is probably our favourite pick at the moment.

 
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Last
$2.68
Change
0.000(0.00%)
Mkt cap ! $1.015B
Open High Low Value Volume
$2.68 $2.68 $2.67 $24.04M 8.988M

Buyers (Bids)

No. Vol. Price($)
12 496249 $2.67
 

Sellers (Offers)

Price($) Vol. No.
$2.68 40000 1
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Last trade - 16.10pm 05/07/2024 (20 minute delay) ?
MRM (ASX) Chart
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