July 2024
- Opinion
- Chanticleer
Takeovers risk turning into money grabs for directors
Special exertion payments are legal, but we would argue they don’t befit a blue-chip company. Fund managers and governance experts also have concerns.
- Anthony Macdonald
Meet the fund manager doing it better than everyone else
In a market completely saturated with Aussie equity funds, Robert Gregory, a one-man band, has come out on top thanks to some cracking stock bets.
- Sarah Jones
June 2024
A PE firm, two profit updates, and a $1b deal hanging by a thread
At stake is the future of back-from-the-almost-dead vessels owner MMA Offshore, which is rollicking after a life-saving recapitalisation.
- Anthony Macdonald
MMA Offshore lookalike Bhagwan seeks $80m in IPO to fix balance sheet
Fund managers were offered draft IPO documents over the long weekend, detailing Bhagwan’s financials. However, a valuation is yet to be set.
- Sarah Thompson, Kanika Sood and Emma Rapaport
March 2024
MMA Offshore recommends $1b takeover bid
Cyan Renewables said it would expand further into offshore wind projects after MMA Offshore agreed to accept a $1 billion takeover from the Asian private equity group.
- Jenny Wiggins
Shareholder slams MMA Offshore $1 billion takeover
Pendal portfolio manager Lewis Edgley has branded the bid as cheap and opportunistic.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Opinion
- Chanticleer
Surprise energy transition story in Monday’s $1b buyout
The last time vessel owner MMA Offshore hit the headlines, it was an offshore oil and gas services group going broke. Now it has a $1 billion bid, and investors can thank the energy transition.
- Anthony Macdonald
MMA Offshore peer starts IPO preparations, hires broker
Even better for prospective investors, the surge in activity has come at the same time as a supply crunch in new vessels.
- Sarah Thompson, Kanika Sood and Emma Rapaport
February 2023
Opportunities in small caps as big investors move on
As giant super funds look for bigger fish to fry, specialists say the outlook for the sector this year is bright.
- Stewart Oldfield
November 2020
MMA Offshore in whopper recap
ASX-listed marine services provider MMA Offshore is seeking $80 million for a recapitalisation that would more than triple its shares on issue.
- Sarah Thompson, Anthony Macdonald and Tim Boyd
October 2018
Buy, hold, sell: Gazal, MMA Offshore, Southern Cross Media, MSL, McPherson's
Livewire's James Marley talks with Steve Johnson from Forager Funds and Mark Whittaker from Investors Mutual about "undiscovered gems" in small caps.
- Updated
January 2018
How the Rich Invest: Emerging stocks held by these Rich Listers
Australia's best business minds are putting their money into companies that are carving out a new niche around the world.
- Updated
- John Stensholt
December 2017
Billionaire MMA investor Michael Kum fails to get traction
Embattled marine services group MMA Offshore has headed off a push by billionaire shareholder Michael Kum to overhaul the board and management.
- Updated
- Luke Misthos
Billionaire investor Michael Kum mulls legal action against MMA Offshore directors
Billionaire hotel tycoon Michael Kum is mulling legal action in his fight with ASX-listed MMA Offshore.
- Updated
- Carrie LaFrenz
November 2017
After a big year Alex Waislitz's next tip is to get into mining services stocks
It has been a bumper year for billionaire investor Alex Waislitz, with much of his success based on a handful of stocks.
- Updated
- John Stensholt
Fundies back MMA Offshore recap, $100m deal set to launch
MMA Offshore - the marine services company formerly known as Mermaid Marine Australia - has secured support from key cornerstone backers for a $100 million recapitalisation.
- Updated
- Sarah Thompson, Anthony Macdonald and Joyce Moullakis
March 2017
Public slap-downs from ASIC for companies with inflated asset valuations
Companies handed a "please explain" by ASIC are finding their dealings with the financial regulator being made public.
- Updated
- Myriam Robin
November 2015
MMA Offshore has 'downside risk'
MMA Offshore has released a negative trading update to the market.
- Updated
- Elise Shaw
February 2015
Mermaid Marine cut to ‘hold’
Deutsche Bank cut Mermaid Marine to a ‘hold’ recommendation and dropped the target price to $1.50 a share.
- Updated
- Elise Shaw
January 2015
Pain ahead for oil and gas contractors
Oil services companies are bracing themselves for pain as a result of the dramatic fall in the oil price, with analysts warning contractors and suppliers are set to come under significant pressure.
- Tess Ingram