Last A$2.05 AUD
Change Today -0.05 / -2.38%
Volume 1.6M
MRM On Other Exchanges
Symbol
Exchange
OTC US
As of 2:10 AM 10/2/14 All times are local (Market data is delayed by at least 15 minutes).

mermaid marine australia ltd (MRM) Snapshot

Open
A$2.08
Previous Close
A$2.10
Day High
A$2.10
Day Low
A$2.02
52 Week High
10/23/13 - A$3.70
52 Week Low
09/30/14 - A$1.92
Market Cap
755.5M
Average Volume 10 Days
1.8M
EPS TTM
A$0.22
Shares Outstanding
368.6M
EX-Date
09/3/14
P/E TM
9.5x
Dividend
A$0.18
Dividend Yield
8.71%
Current Stock Chart for MERMAID MARINE AUSTRALIA LTD (MRM)

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mermaid marine australia ltd (MRM) Details

Mermaid Marine Australia Limited provides marine logistics and supply base services to the offshore oil and gas industry in Australia and Singapore. It owns a range of vessels, which include anchor handling tugs, anchor handling tug supply vessels, platform supply vessels, multi-purpose survey and maintenance vessels, specialist offtake support vessels, ROV subsea operations, support vessels, harbour/utility vessels, barges, and accommodation vessels. The company also operates ship repair facility in Dampier, which provides maintenance and repair services to vessels comprising routine and emergency dockings, mobilizations, and other repair and maintenance services, as well as vessels, wharf facilities, supply base facilities, slipway facilities, and engineering support services. In addition, it offers a range of services and facilities support, such as open lay down storage, undercover storage, long term office facilities, labor supply, equipment hire, line haul, dangerous and specialist cargo handling, waste management, dangerous goods storage facility, undercover wash down bay facility, offshore container hire, and crane services. The company owns and operates approximately 62 vessels. Mermaid Marine Australia Limited was founded in 1982 and is headquartered in Fremantle, Australia.

Founded in 1982

mermaid marine australia ltd (MRM) Top Compensated Officers

Managing Director, Chief Executive Officer an...
Total Annual Compensation: A$1.3M
Chief Financial Officer
Total Annual Compensation: A$734.8K
Chief Operating Officer
Total Annual Compensation: A$734.8K
Vessel Operations General Manager
Total Annual Compensation: A$261.6K
General Manager of Legal and Company Secretar...
Total Annual Compensation: A$406.4K
Compensation as of Fiscal Year 2014.

mermaid marine australia ltd (MRM) Key Developments

Mermaid Marine Australia Limited Receives Notice of Intention to Take Protected Industrial Action

Mermaid Marine Australia Limited has received notice that a proportion of its employees at the Dampier supply base intend to take protected industrial action in respect of ongoing negotiations for a new enterprise agreement. The proposed action will involve supply base employees covered by an enterprise agreement with the Maritime Union of Australia. Employees at the Dampier Supply Base intend to engage in 5 consecutive, 24 hour stoppages of work commencing 22 September 2014. MMA has filed an application in the Fair Work Commission to prevent the action from going ahead. The matter will be heard on 20 September 2014. MMA continues to meet with the MUA in an attempt to resolve the outstanding issues and is seeking to achieve: market competitive wages and conditions for its supply base employees; long term employment security; and flexibility to service the changing needs of its clients. The proposed action will not directly impact MMA's slipway or vessel operations or its international operations. MMA is implementing strategies to mitigate the impact of the proposed protected industrial action on its customers and remains committed to attaining a fair and reasonable outcome for all parties.

Mermaid Marine Australia Ltd Wins Contract to Run Accommodation Vessel

Mermaid Marine Australia Ltd. awarded a contract for the operation and management of the accommodation vessel Silja Europa. The contract will generate revenue of about $105 million over the 12-month term and there is an option for the client to extend the contract.

Mermaid Marine Australia Limited Declares Final Fully Franked Dividend, Payable on September 26, 2014; Reports Consolidated and Standalone Earnings Results for the Year Ended June 30, 2014

The Mermaid Marine Australia Limited Board has declared a final fully franked dividend of 7.0 cents per share, taking the full year dividend to 12.5 cents per share consistent with the previous financial year. Dividend record date is September 5, 2014. Dividend payment date is September 26, 2014. The company reported consolidated and standalone earnings results for the year ended June 30, 2014. For the period, on consolidated basis, the company reported revenue of AUD 594,597,000 against AUD 449,490,000 a year ago. Profit before tax was AUD 77,112,000 against AUD 83,755,000 a year ago. Profit attributable to owners of the company was AUD 53,884,000 or 18.76 cents per share against AUD 60,298,000 or 24.78 cents per share a year ago. Net cash provided by operating activities was AUD 54,413,000 against AUD 70,835,000 a year ago. Payments for property, plant and equipment was AUD 74,316,000 against AUD 89,026,000 a year ago. Net tangible asset backing per share was AUD 1.95 against AUD 1.66 a year ago. Net debt was AUD 266 million. For the period, on standalone basis, the company reported revenue of AUD 584.6 million against AUD 449.5 million a year ago. EBITDA was AUD 125.7 million against AUD 125.9 million a year ago. EBIT was AUD 85.0 million against AUD 88.4 million a year ago. Profit before tax was AUD 80.8 million against AUD 83.8 million a year ago. NPAT was AUD 58.3 million or 25.1 cents per share against AUD 60.3 million or 26.9 cents per share a year ago. ROA was 12.5% against 15.0% a year ago. ROE was 13.9% against 16.6% a year ago.

 

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MRM

Industry Average

Valuation MRM Industry Range
Price/Earnings 10.4x
Price/Sales 1.1x
Price/Book 1.0x
Price/Cash Flow 13.3x
TEV/Sales 0.2x
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