do not buy on the news but for its potential business grow. In fact when i ask my brother to check with his remiser on the POSH listing, the reply on knowing but no new on when
buy some MPHB Capital if you have some spare cash. Strategic alliance between MPHB Capital insurance arm with an Italian Group will soon be materialized and ensure re-rating of this counter to RM2.65.
POSH valuation can be calculated as follows. Maybulk interest in POSH after IPO (before subscription) is 21.23/119 = 17.84% Maybulk will subscribe an additional 2.2% (to make up a total of 20%) for USD 70M. POSH is ~ 70M/.022 = 3.1 B
initially there is a say maybulk will cash out from POSH, instead maybulk will folk out USD70m cash. to date shipping sector outlook is still very much under before 2009, BDI is not interesting at all. maybulk rolling 4q eps merely 5c only, net cash status may no longer hold after pumping out USD70m or more.
buyer and seller most likely are the same person, possible to get enough attention to attract other to buy or to sell, just guessing. Today maybe try to get back the share they sell yesterday at cheaper price to prepare for the final push up.
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
ballanmessi
37 posts
Posted by ballanmessi > 2014-02-17 23:35 | Report Abuse
Profit taking??