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India Equity Research Reports, IPO and Stock News
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Specialised offshore operator…
SEAMEC Ltd (SEAMEC) is a specialised offshore support service
provider and operates a fleet of four diving support vessels. The
company has zero debt along with | 203 crore of cash (47% of its
market cap). The likely acquisition of new vessels over the next couple
of years would provide growth and stability to its earnings. Presence of
a strong promoter i.e. Technip group (French MNC) that holds 75%
stake is another positive. Moreover, we also expect turnaround in
operating performance from Q4FY11 onwards as its idle assets get
deployed on new contracts.
India Equity Research Reports, IPO and Stock News Visit http://indiaer.blogspot.com/ for complete details �� ��
Specialised offshore operator…
SEAMEC Ltd (SEAMEC) is a specialised offshore support service
provider and operates a fleet of four diving support vessels. The
company has zero debt along with | 203 crore of cash (47% of its
market cap). The likely acquisition of new vessels over the next couple
of years would provide growth and stability to its earnings. Presence of
a strong promoter i.e. Technip group (French MNC) that holds 75%
stake is another positive. Moreover, we also expect turnaround in
operating performance from Q4FY11 onwards as its idle assets get
deployed on new contracts.
