Last $0.46 SGD
Change Today -0.005 / -1.09%
Volume 1.5M
MMT On Other Exchanges
Symbol
Exchange
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As of 5:04 AM 07/11/14 All times are local (Market data is delayed by at least 15 minutes).

mermaid maritime pcl (MMT) Snapshot

Open
$0.45
Previous Close
$0.46
Day High
$0.46
Day Low
$0.45
52 Week High
04/22/14 - $0.55
52 Week Low
08/20/13 - $0.26
Market Cap
643.0M
Average Volume 10 Days
1.5M
EPS TTM
$1.15
Shares Outstanding
1.4B
EX-Date
02/3/14
P/E TM
10.2x
Dividend
$0.0051
Dividend Yield
2.41%
Current Stock Chart for MERMAID MARITIME PCL (MMT)

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mermaid maritime pcl (MMT) Details

Mermaid Maritime Public Company Limited, together with its subsidiaries, provides subsea and drilling services for the offshore oil and gas industry primarily in Southeast Asia, and the Middle East. Its services include subsea inspection, repair, and maintenance; subsea infrastructure installation support; subsea remotely operated vehicle support; subsea emergency callout service and salvage; subsea cable laying; offshore drilling and workover services; and accommodation rig services. The company also offers hydrographic survey and positioning services; and diving and subsea contracting services. It operates a fleet of 8 subsea vessels, 5 saturation diving systems, 12 air diving systems, 17 remotely operated vehicle systems, 2 tender rigs, and 3 high specification premium jack-up drilling rigs. The company was founded in 1983 and is based in Bangkok, Thailand.

Founded in 1983

mermaid maritime pcl (MMT) Top Compensated Officers

No compensation data is available at this time for the top officers at this company.

Executives, Board Directors

mermaid maritime pcl (MMT) Key Developments

Mermaid Maritime Public Company Limited Announces Change of Financial Year End

The Board of Directors of Mermaid Maritime Public Company Limited refers to the announcement dated 23 May 2014 in relation to the proposed change of financial year end of the company. The company announced that, pursuant to the special resolution passed at the Extraordinary General Meeting of Shareholders held on 16 June 2014, the company's financial year shall begin from 1 January and end on 31 December of each year, and the Articles of Association of the Company will be amended to reflect this change.

Mermaid Maritime Public Company Limited Approves Articles of Association

Mermaid Maritime Public Company Limited at its Extraordinary General Meeting of Shareholders held on 16 June 2014, approved Articles of Association of the company will be amended to reflect year end change.

Mermaid Maritime Public Company Limited Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended March 31, 2014; Provides Operating Guidance for the Second Half of Fiscal 2014 and Earnings Guidance for the Fiscal Year 2014

Mermaid Maritime Public Company Limited reported unaudited consolidated earnings results for the second quarter and six months ended March 31, 2014. For the quarter on consolidated basis, the company reported profit attributable to owners of the parent was USD 5,166,000 or USD 0.0037 basic and diluted per share compared to loss attributable to owners of the parent of USD 5,456,000 or USD 0.0069 basic and diluted per share for the same period a year ago. The improvement was driven by turnaround in the tender drilling rig division, as well as contributions from associate AOD. Operating loss was USD 1,797,000 and profit before income taxes was USD 6,494,000 compared to operating loss of USD 5,198,000 and loss before income taxes of USD 5,957,000 for the same period a year ago. For six months on consolidated basis, the company reported loss attributable to owners of the parent was USD 18,317, 000 or USD 0.0130 basic and diluted per share compared to loss attributable to owners of the parent of USD 5,558,000 or USD 0.0071 basic and diluted per share for the same period a year ago. Operating profit was USD 8,335,000 and profit before income taxes was USD 23,458,000 compared to operating loss of USD 2,384,000 and loss before income taxes of USD 5,016,000 for the same period a year ago. Net cash inflow from operating activities was USD 83,153,000 and payment for purchases of property, plant and equipment was USD 647,693,000 compared to net cash inflow from operating activities of USD 852,585,000 and payment for purchases of property, plant and equipment of USD 147,113,000 for the same period a year ago. For the second half of fiscal 2014, though, the company maintains full-year utilisation forecast of 82%. Elsewhere, drilling rig associate AOD contributed USD 8.6 million to the bottomline, higher than their expectations, implying net margins of about 50%. The company choose to keep earnings expectations for fiscal year 2014/2015 largely unchanged, after factoring in a slightly lower margin growth for the subsea business and higher profit contributions from AOD.

 

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Industry Analysis

MMT

Industry Average

Valuation MMT Industry Range
Price/Earnings 10.6x
Price/Sales 1.7x
Price/Book 1.0x
Price/Cash Flow 13.3x
TEV/Sales 1.0x
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