In the previous Q4 result, Maybulk record huge impairment loss on
1) providing -RM110.8m provisions for onerous contracts based on the estimated losses for chartered-in vessels within the next 18 months;
2) writing down the value of vessels by -RM368.1m taking into account current charter rates and resale values;
3) impairment of -RM495.8m on investment in 21% associate, POSH, which lost 70% of its market value since listing on the SGX;
4) Share of impairment losses on goodwill and vessels from POSH amounting to -RM12
However, with increment 143% BDI now + improving sentiment oil market which should benefit Maybulk associate POSH judging from its share price up significantly recently, Maybulk should be able write back most of the provision above.
dompeilee On the chart it's so obvious that 99.5/100 is a HUGE resistance. I took the opportunity presented by the rally to sell my shares bought too high in early August @ 92.2c this morning at between 96-99.5c 07/04/2016 12:44
So my decision to SELL in early April was still the right one... ;D
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....
Muda Fadli
219 posts
Posted by Muda Fadli > 2016-04-26 22:06 | Report Abuse
ok news dah keluar, boleh la start jual. kikiki