Impact: Negative due to a dividend reduction and providing guidance well below consensus expectations. However, we believe it is a prudent business decision given uncertainty around OFS activity in 2016e. Mullen is holding a conference call on December 17, 2015 at 10 AM EST to discuss its business plan. We will publish new estimates after this call. The dial-in number is 1-877-291-4570.
16 Dec 2015
MULLEN GROUP LTD. (MTL) REDUCES DIVIDEND BY 20%, PROVIDES 2016E GUIDANCE
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MULLEN GROUP LTD. (MTL) REDUCES DIVIDEND BY 20%, PROVIDES 2016E GUIDANCE
Mullen Group Ltd. (MTL:TSE) | 0 0 0.0% | Mkt Cap: 1,516m
- Published:
16 Dec 2015 -
Author:
Ian B. Gillies -
Pages:
3
Impact: Negative due to a dividend reduction and providing guidance well below consensus expectations. However, we believe it is a prudent business decision given uncertainty around OFS activity in 2016e. Mullen is holding a conference call on December 17, 2015 at 10 AM EST to discuss its business plan. We will publish new estimates after this call. The dial-in number is 1-877-291-4570.