Clough sells Mermaid stock

CLOUGH has raised $5.4 million by selling its 11 per cent shareholding in Mermaid Marine to a group of financial institutions. The shareholding was no longer considered a strategic imperative by Clough management, Mermaid said in a statement. Mermaid added that vessel support contracts with oil and gas producers and its supply bases at Dampier, Broome and Darwin were now its core activities, reducing its traditional reliance on offshore contracting activities. Mermaid and Clough maintain a joint venture focused on shallow water pipelay projects on the North West Shelf “however there are no clear opportunities planned in the short term”.


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MMA Offshore (MRM)

Share Price

Closing price for the last 90 trading days
Source: Morningstar

BN30 Index

Index = 100 as of 4 Jan 2016
Source: Morningstar

Total Shareholder Return as at 31/10/18

1 year TSR5 year TSR
64thSchaffer Corporation77%29%
137thMMA Offshore37%-39%
419thCTI Logistics-11%-10%
744 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

$16k Bought
$48k Bought
$304k Bought
Total value as at the date of the transaction
Source: Morningstar


26th↑Schaffer Corporation$227.2m
28th↓MMA Offshore$200.9m
30th↑CTI Logistics$184.2m
240 listed industrial companies ranked by revenue.
Source: Morningstar

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