when unhealthy cell withdraw from body.this counter become healthy n react normally.so restructuring ia the must process to rejuvenis the corporate itself
I think it is better for you to wait for listing of right on 29/8, n check for the price. N decide later whether you would like to sell the right or subscribe for the right
BDI has increased many folds, but Maybulk price has plunged.
Has BDI increase benefited Maybulk?
BDI has increased, so has the operating cost (e.g. fuel). So how can Maybulk benefit? Even excluding POSH's poor performance, Maybulk is still loss making.
After the share price plunged, it is still selling above its NTA. Which means it is still not cheap. In addition, this company carries huge debts. On a backdrop of a rising rate environment, this is additional headwind.
Hope to hear more about the good reasons why one should invest in this company.
last day of trading is 5/9/18 for Maybulk-OS. After that it'll be de-listed (and your OS will be worthless). You can either 1) sell the OS by 5 Sept or 2) subscribe for POSH shares (listed in Singapore) at 65 sen per share. (Each OS entitles you to subscribe for 1 POSH share at 65 sen or SGD0.214). Choose Option (2) only if you have a Singapore trading account and only if you have sufficient cash to pay for the POSH shares (e.g. if you have 100,000 OS, you need to cough up RM65,000 to subscribe for the POSH shares 100,000 * 0.65).
Wah this Maybulk, never made a real gross profit before. The net profit/loss always is because of associate/JV results or impairment or reversal of it. Looks more like an investment company..
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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....
guochian
2 posts
Posted by guochian > 2018-08-24 00:31 | Report Abuse
The future will be better after dispose of POSH. For 17, if without sharing results of associate, they shd already make profit.....