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[STOCK] MERMAID MARITIME PUBLIC CO LTD
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18-3-2014 10:50 PM
contra Offline
First Class Elite

Posts: 9,584
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ready to move soon...

" □■□■□■□■□ we are the one □■□■□■□■ "
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13-6-2017 4:56 PM
chewantan Offline
Senior Sheep

Posts: 854
Reputation: 1
Mermaid Maritime (SGX: DU4) 0.169 +0.008 (+4.97%)

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13-6-2017 5:55 PM
SLine Offline
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Posts: 7,997
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Mermaid privatisation cannot be ruled out. 

Share price upside could stem from possible privatisation by parent Thoresen Thai and its associated promoter group (the Mahagitsiri family), which hold at least 77% stake in Mermaid. 

Thoresen Thai has a gross cash balance of about S$250m and net gearing is quite low as well; there is enough financial muscle to buy out Mermaid’s remaining free float at current prices.

It is estimate S$55m (US$41m) is all it needed to buy the remaining 23% stake, assuming 40% takeover premium.
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14-6-2017 1:13 PM
chewantan Offline
Senior Sheep

Posts: 854
Reputation: 1
Mermaid Maritime (SGX: DU4)
0.167 -0.001 (-0.60%)


if you want to more update, like Stop, lose & target price you could visit www.mmfsolutions.sg

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