Agree that MRM are undervalued, I can never work it out to be honest, constant earnings and dividend growth, expanding fleet and capabilities, preferred marine contractor to ALL the major Oil and Gas companies, Woodside, Chevron, Apache and Allseas to name a few. Long history of Marine support for all types of construction and Production offshore in Australia, overseas operations. Which all equates to skilled Marine Personnel with proven experience, (I believe this is the biggest risk for Marine Companies in Australia) and yet although blind Freddy can see that MRM benefit from ALL offshore development no news seems to flow through to the share price. Management stability with a proven track record of producing results, what is not to like? Even in the GFC, whilst the share price was temporarily hammered the company performed as forecast with steady earnings and company growth?????????? It is a mystery.
MRM Price at posting:
$2.93 Sentiment: Buy Disclosure: Held
