Posted by tribaleps > 2014-05-27 10:20 | Report Abuse

WSCAPITAL - FYI, Maybulk doesn't recognise revenue from POSH, only its share of profits from it ...and this was since 2009.

Posted by KJ Cheah > 2014-05-28 17:00 | Report Abuse

why keep dropping?

Posted by KJ Cheah > 2014-05-28 18:56 | Report Abuse

quarter result consider good?

Posted by newbie2014 > 2014-05-28 20:29 | Report Abuse

it's very good, revenue up and it's the best in nearly 2years, net profit more than double of last year quarter, above 1.80 tomolo

Posted by JimYeoh > 2014-05-28 20:35 | Report Abuse

Tomorrow will open high

Posted by The One > 2014-05-28 20:36 | Report Abuse

Already factored in.. P/E still high..

Posted by bjax22 > 2014-05-28 21:21 | Report Abuse

Saved by POSH, again..

Posted by KJ Cheah > 2014-05-29 08:45 | Report Abuse

will drop below 1.75

Posted by smallfish > 2014-05-29 09:34 | Report Abuse

No buying appetite even with better Q1 results.
Because investors know the better earnings is not sustainable, given the slipping BDI. Maybe as low as RM1.60

Posted by zack_liza > 2014-05-29 10:26 | Report Abuse

breakout 1.80....so, still uptrend until break at 2.00..improve Q1 result.TP 2.20/2.50 for this year

Posted by tribaleps > 2014-05-29 11:22 | Report Abuse

Results were terrible....a bulk of the contribution from POSH during the quarter was from vessel disposal gains, which are non-recurring.

Posted by sunztzhe > 2014-05-29 12:33 | Report Abuse

High Capex,low margins, intense price competition with long cycle time, don't know when cycle will end??

Is this a good business to invest?

Posted by minion > 2014-05-29 22:59 | Report Abuse

Very soon to T1 1.95 ,T2 2.06.

Posted by newbie2014 > 2014-05-30 08:16 | Report Abuse

analysts are expecting stable economy will improve 2014 and 2015 BDI, it seems that investors believe their reports refering to the share price push up. I just connect maybulk with topglove, a few years back topglove was on its cyclic downtrend, its PE was damned worrying, but then after a while it kept up and up before its PE shows good valued investment.

Posted by sunztzhe > 2014-05-30 11:51 | Report Abuse

Yes if you get in at tail end of a long cycle. No if you are in mid cycle and that will be a long wait. Important question is "Has the long cycle ended for Dry Bulk Carriers? Ïs upturn just around the corner?"

Posted by WSCAPITAL > 2014-05-31 14:11 | Report Abuse

BDI is cyclical. Before festive season, BDI tends to go up.

Posted by blackdove > 2014-06-01 12:38 | Report Abuse

I would like to seek help to answer this,when I read 2013 MAYBULK annual report, it stated :
"Share of results of an associate 48,646" , I think this is referring to POSH.

This 48,646(k) is POSH share earning for Maybulk ?
or POSH profit x POSH share % hold by Maybulk?
And more importantly, this amount is actually paper gain only, is it ?
Thanks.

Posted by tribaleps > 2014-06-02 14:03 | Report Abuse

Blackdove - the amount you saw was already Maybulk's 21% share of POSH....of this amount about 40% was profit from non-recurring items.

Posted by blackdove > 2014-06-02 21:21 | Report Abuse

Hi Tribaleps, thanks for your reply, however forgive me I still not understand.... appreciate if you can elaborate further how this amount come from ? Thanks.

Posted by KJ Cheah > 2014-06-03 19:21 | Report Abuse

continue down trend?

Posted by Green Tea > 2014-06-04 16:58 | Report Abuse

blackdove, since maybulk holds only 21% (less then 30%), POSH is a associate. Meaning, 21% of POSH net profit is reported as profit. If it were >30%, it will be a subsidiary.

Posted by Green Tea > 2014-06-04 17:00 | Report Abuse

Attended Maybulk's AGM..here is my take away
http://gmmoneytree.blogspot.com/2014/06/maybulk-2014-agm-take-away.html

Posted by KJ Cheah > 2014-06-04 18:01 | Report Abuse

thanks for your input Green Tea

Posted by tribaleps > 2014-06-05 17:02 | Report Abuse

Correction....>50% is subsidiary, Green Tea.

Posted by blackdove > 2014-06-07 11:31 | Report Abuse

Hi, Green Tea and Tribaleps, thanks so much.

Posted by KJ Cheah > 2014-06-10 08:57 | Report Abuse

still no sign of rebound

Posted by lching > 2014-06-10 09:14 | Report Abuse

No news to stimulate after POSH listing.

Posted by KJ Cheah > 2014-06-16 12:01 | Report Abuse

back to 1.80

Posted by KJ Cheah > 2014-06-16 14:51 | Report Abuse

1.85

Posted by Teh Kieat Keoi > 2014-06-16 14:55 | Report Abuse

any news today?

Posted by minion > 2014-06-16 15:20 | Report Abuse

Try reach 1.90 !!

Posted by Alex Chong > 2014-06-16 15:58 | Report Abuse

BUY CALL.

Posted by kenken85 > 2014-06-17 13:57 | Report Abuse

Close 1.90 today will b awesome. .

Posted by KJ Cheah > 2014-06-17 14:07 | Report Abuse

look at the sell queue

Posted by bonescythe > 2014-06-18 10:29 | Report Abuse

RM 1.90 sure no problem.
This one looking at RM 2.00 already

Posted by bonescythe > 2014-06-20 16:24 | Report Abuse

Wow.. pressing all the contra to death.. Gonna boom up on Monday

Posted by bonescythe > 2014-06-20 16:24 | Report Abuse

:D

Posted by pachua > 2014-06-20 16:33 | Report Abuse

kekekeke

Posted by MATB > 2014-06-20 16:44 | Report Abuse

no fundamental to support the price up. this counter need huge safety margin to enter

Posted by KJ Cheah > 2014-06-20 16:54 | Report Abuse

going back to 1.75

Posted by rambo86 > 2014-06-21 20:00 | Report Abuse

Could be lower, can buy if go below 170

Posted by bonescythe > 2014-06-23 09:39 | Report Abuse

Ding ding..

Lai today action

Posted by bonescythe > 2014-06-23 09:55 | Report Abuse

Now many company diversified oil and gas.
Do highway also can oil and gas

Maybulk ship maybe oil and gas shipping in Pengerang also can be possible

Posted by bonescythe > 2014-06-23 10:26 | Report Abuse

11am

Posted by bonescythe > 2014-06-24 03:16 | Report Abuse

Maybulk - Bulking on POSH
http://bonescythe.blogspot.com/2014/06/maybulk-bulking-on-posh.html

Posted by optimusx8888 > 2014-06-24 04:40 | Report Abuse

Zzzzzzz... time to sleep!

Posted by tribaleps > 2014-06-27 17:05 | Report Abuse

Bone....Firstly, Maybulk does not have RM155m net cash - slightly below RM60m only as at end-Mar 2014 (you have not accounted for its borrowings). Secondly, the market value of its 10 dry bulk vessels (of which 4 partially owned) and 3 tankers is only about RM700m and not over RM2bn. Last but not least, Maybulk isn't gonna re-rate on POSH if POSH itself does not re-rate. Also, if investors can buy POSH for its strong growth at less than 10x one-year forward PE, why would people buy Maybulk at 17x?

Posted by matb > 2014-06-29 17:23 | Report Abuse

Tribaleps, WOW !! Very good sharing.

Posted by chin888 > 2014-06-30 16:48 | Report Abuse

so izzit better to sell this counter? Pls advise, thank you!

Posted by yloon > 2014-07-09 06:34 | Report Abuse

first of all, i dont think they are stupid by not exercising the put option.
now we are come to whether we trust the management people of maybulk or not?
if we trust, we keep, if no trust, sell off. i will trust technical analysis.