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Mermaid Marine managing director Jeffrey Weber.

Mermaid’s Weber hits back at MUA tactics

Mermaid Marine Australia managing director Jeff Weber has defended the company’s stance on negotiations with the Maritime Union of Australia, after employees at its Dampier Supply Base said on Friday they would strike for 10 days.

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Australian industry is falling by a Death of 1000 cuts. How much worse must we get before pain allows us to see the problems and start the economy rolling again? Europe nearly imploded under similar problems, Greece Italy Portugal Spain. USA was a different issue but still greed at the other end of the spectrum.

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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

Top 10 Shareholders

Source: Morningstar

Total Shareholder Return as at 28/06/19

1 year TSR5 year TSR
261stImdex6%16%
437thCTI Logistics-20%-13%
502ndMMA Offshore-31%-36%
607thEmpired-47%-15%
731 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

23/11/18
$22k Bought
22/06/17
$16k Bought
11/11/15
$48k Bought
Total value as at the date of the transaction
Source: Morningstar

Revenue

25th↑Imdex$218.6m
26th↑MMA Offshore$200.9m
28th↑CTI Logistics$184.2m
29th↑Empired$174.3m
198 listed industrial companies ranked by revenue.
Source: Morningstar

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