MRM.AX
Description
MMA Offshore Limited (MRM, formerly Mermaid Marine Australia Limited) is an Australian marine service provider in the Asia Pacific region with operations in Australia, South East Asia, the United Kingdom, the Middle East and Africa. MMA specialize in providing vessels and a comprehensive suite of marine and subsea services to the offshore energy sector and wider maritime industry. The Group employs over 1100 employees across the globe.
Return
121% (PA)
917 Days
FROM 20 JANUARY 2022 TO 25 JULY 2024
Trade Score
10/10
Chart
Reason For Buying:
Price to book was really low, there was some debt from memory but not that high. Good business overall. Trader Ferg pick
Reason For Selling:
Got bought out by another company in singapore, The guy that took over the company owned just over 50% of the company and it was a sure deal because he made like 30x off his money in 2-3 years. Nothing better I could have done.
Overall:
Got bought out by another company in singapore, The guy that took over the company owned just over 50% of the company and it was a sure deal because he made like 30x off his money in 2-3 years. Nothing better I could have done.