Regards the "mermaid vessels are rubbish quip" a belief without evidence can be as quickly dismissed without evidence.
This management team have delivered a blue chip 15%+ ROI for years and years, managing debt and cashflow with aplomb and you think they'd buy vessels that will fail to service their critical markets? And asian made aint what it used to be anyway.
While I'm at it, Zwu's "not much growth in it" is also an ignorant throwaway in my moderately humble opnion. Look at revenue and profit growth. The EPS was affected by the tax ruling comparison but also the oversubscribed share issue during the FY, which I might add as a happy purchaser, are well in the money - as is mermaid with 60 odd million to play with.
I'm all for devil's avocado, but there is little here to pick really, save maybe some employee relations.
A1 quality all the way.
MRM Price at posting:
$2.99 Sentiment: LT Buy Disclosure: Held
