IMO, it means investor are risk-averse, not willing to pay higher price for POSH. On contraction, it will increase the probability of POSH rebound on listing, which may lead rebound in MAYBULK.
M'sian billionaire Quek firms to buy Ezion shares worth RM508mil SINGAPORE: Singapore-listed Ezion Holdings Ltd, which supplies support vessels for offshore oil fields, said it planned to sell shares to two firms in Malaysia’s Hong Leong Group, raising US$155mil (RM508.4mil) to help expand its fleet.
O&G should be good judging from the amount Hong Leong group invests in Ezion.
It is anybody guess upon the listing price of POSH. If POSH can run well under a team of good management going forward. It will be just a matter of time that 20% stake by Maybulk in POSH will reap in strong profit.At present they are quite sceptic .Time will prove them wrong if........
lost my hope in maybulk already. Even today the best event in years of listing Posh unable to push the price up plus the board told that drybulk segment will not profit in next 2 years with the DBI so low . I sold all my holding in maybulk with profit 10+% after keep for 6 months. Good luck to all who still on board. Bye.
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....
Priority
77 posts
Posted by Priority > 2014-04-15 21:41 | Report Abuse
Managed to sell it yesterday @ 2.16, 2.17 & 2.19