MRM 8.20% 6.6¢ mma offshore limited

affected by sector?

  1. 227 Posts.
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    It looks like MRM SP might be affected by the sector it sits in - Transportation which is where AIO is classified. I'm not sure this is the right sector for MRM - more aligned to the energy sector IMO.

    I've looked again at the debt profile for MRM and whilst short term borrowings are high at 36m, they should be able to more than adequately pay for that out of operating cashflows for 08/09. They will more than likely look at refinancing some of the balloon payments due on the HP's for vessels.

    I thought this bottomed out last week at 1.05 - the drop this week is on smaller volume (the only comfort). It will be good to get an update on the Q1 results at the AGM - I feel sure they will be on target.


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