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MRM mma offshore limited

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Where is MRM going?, page-4

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KevMik

288 Posts.

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25/10/15

12:36

Post #: 16248243
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Originally posted by JesseT ↑

Morning star expect MRM's NPAT to be lower for the coming financial year, from 55m to 38m. But MRM is currently rated by Morning star as undervalued, given a fair value of $0.8.

I think MRM really needs a new contract to get rid of the current awkward situation.
Anyone has any ideas, shall i continue holding or sell?

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No reason to sell unless you need the cash or see a cracker opportunity somewhere else. MRM will be pretty boring to follow over the next 12 months but from current levels the upside potential is great and the downside risk is small. Note that my investment timeframes are up to 2 years long! Its all IMO! DYOR.

MRM Price at posting: 47.0¢ Sentiment: Buy Disclosure: Held
9 Upvote

0 Great analysis

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Where is MRM going?, page-4

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