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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

Total Shareholder Return as at 31/08/18

1 year TSR5 year TSR
221stCoventry Group34%-10%
250thMMA Offshore28%-40%
266thImdex24%10%
321stCTI Logistics14%-9%
737 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

22/06/17
$16k Bought
11/11/15
$48k Bought
11/11/15
$304k Bought
Total value as at the date of the transaction
Source: Morningstar

Revenue

28th↑Imdex$218.6m
29th↓MMA Offshore$200.9m
31st↑CTI Logistics$184.2m
32nd↓Coventry Group$174.4m
237 listed industrial companies ranked by revenue.
Source: Morningstar

Remuneration from MMA Offshore

54thJeff Weber$1,000k
145thDavid Ross$605k
332ndDylan Darbyshire-Roberts$343k
Ranked by total remuneration from all listed WA companies

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