this counter is strongly supported by invisible hand when price drop to 0.68-0.72. Overall maybulk's operation already profit making, just huge losses from Posh. No wonder the price is stable at 0.76
Malaysian Bulk Carriers Bhd’s net loss more than halved to RM14.34 million in the first quarter of the financial year 2018 (1QFY18), from RM33.21 million a year ago, thanks to improved charter rates from the dry bulk segment, and reduced losses from its associate, PACC Offshore Services Holdings Ltd (POSH).
Revenue for the quarter ended March 31, 2018, however, fell 17% to RM54.26 million from RM64.96 million a year ago.
correct me if i m wrong. POSH is trading at Sing dollar 0.295, which is around ringgit 0.90. Maybulk is now offering POSH for sale at 65 cent so its almost 30% discount.
Ya, even the quarter report so bad loss RM151mil.but on the other hand after disposal of POSH,this company should be break even.See when we exclude the loss of disposal,maybulk only incurred loss 3mil,it show a good improvement if compare with previous quarter.
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....
nkk53
1,426 posts
Posted by nkk53 > 2018-02-27 13:37 | Report Abuse
Wait till 0.70