My Concerns, page-6

MRM paid too much for Jaya! ...seemingly bought the assets for book value (no Goodwill). There were few synergies and little real information about how the fleet was/is utilised. This is all true!!! ...impact about $200 Million ($0.55 per share)....certainly now in the share price!

It is worth noting that MRM has not made any earnings guidance announcements about the impact of the oil price move on its business. Jeff Weber did say, in an AFR article earlier in the week that MMA's Australian business had not yet been impacted by the oil price change.

I would be really interested in the assumptions that produce an EPS of 7 cents.