KLSEintracontra77,look like you r so confidence of this counter,are you sure this counter wil turn around to profit at least 5-10mil for this quarter?(then may be 66 cents is reasonable) wil you hold until earlier of next year or dispose all your position when price touch 75-80cents(25-35% gain). 20/04/2021 9:48 AM.
don't underestimate shipping company. market reports are there for you to read. And don't underestimate the auditor. If the company is making impairment without evident, do you think the auditor will let it pass with true and fair view? and their auditor is not any Ali AhKaw dan Muthu partnership.
KLSEintracontra77,thanks for your reply.I can accept different of view .Hope you can share how you derive all the fact that you share,So that can convince more reader like me.Thanks alot.
The Baltic Dry Index climbed 9.6% to 2,710 on Wednesday, its highest since October of 2010 and extending gains for a sixth straight session. The capesize index, which tracks iron ore and coal cargos of 150,000-tonnes, jumped 559 points, or 16.2%, to 4,014, a peak since early October of 2020, on increasing iron ore shipments from Brazil. At the same time, the panamax index which tracks cargoes of about 60,000 tonnes to 70,000 tonnes of coal and steel-making ingredient iron ore, surged 133 points, or 5.2%, to a three-week high of 2,690. Among smaller vessels, the supramax index gained 52 points to 1,977. source: Baltic Exchange
breakthru of 0.65 with good volume. sailing north continues, 0.75 then 0.94 19/04/2021 4:34 PM Huhu, TP: 0.75 has achieved just within short time. Expect to have some very shallow correction before continuing its pursue
The value of Bank Pembangunan shares estimated at ~80 million shares at current price RM0.72 is only about RM58 million ringgit. Market can easily swallow all those shares easily as long as BDI remains high and earnings improve significantly.
who said bank pembangunan continue sell off their share? i mention 2 days ago already 3 days since 19.4.2021 no annoucement of their position,may be they wake up already & buy back at high price yesterday,ha.ha!
It could be Bank Pembangunan which continues to sell off (like days, weeks ago) and this could be verified "if" announcement is made later. Usually the selling off is done in different, separate occasions. However, if it is not Bank Pembangunan, then it is most likely profit-taking activities done by some investors. Some people will take short-term profits within a short period of time. The price will see a quick decline. If a particular stock is still in the interest of many other people, price will then rebound and goes up after this short-term retracement or decline.
We refer to a query received from Bursa Malaysia Securities Berhad relating to an article on a webpage on Wednesday, 21 April 2021 titled "Maybulk (5077) – Dry Bulk Carrier Charter Rates at 10 Year High, 2021 Projected Profit RM120M (5PER), Sustainable Recovery in Dry Bulk Carrier Charter Rates".
The Company wishes to clarify the following:
The Company has not provided any profit guidance or announced any forecast results or estimates. The assumptions stated in the article were based on the writer’s own research and analysis. Investors can make reference to the Forward Freight Agreement (FFA) market for the outlook on charter rates. The Company operates a fleet of 8 vessels (6 owned and 2 long-term chartered in), of which 1 is committed for sale as disclosed in the FY2020 Annual Report. The carrying value of vessels are assessed regularly and will be adjusted (if required) for the financial year in compliance with the applicable accounting standards and policies. Shareholders and investors are to note that the net assets per share of the Company as at 31 December 2020 is RM0.274, and are advised to exercise caution when dealing in the shares of the Company.
As a shareholder of maybulk i think we are not buying thier nta 0.274, charter rate obviously is in uptrend. Management no need to keep focus on their weakness and try to remove investor focus on the charter rate. What is thier intention ? Management dont want ppl to buy, then we should buy more...haha
Annual report 2020 stated 10 vessels, and now it's 8, dwindling in a hurry indeed. Many people betting that a high charter rates will boost Maybulk's bottom line. But the fact remains that high BDI may be do much to its profitability if number of vessels not remain constant but declining instead. High charter rates NOT necessarily leads to higher revenues not profits in this case.
Keep spreading baseless rumor and try to manipulate share price? nice try. U try to look at 2019 and 2020 annual report top 30 shareholders and you will notice what's wrong with your "guess".
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....
sapurakencana
1,144 posts
Posted by sapurakencana > 2021-04-21 16:31 | Report Abuse
If not mistaken,if they buy during IPO is RM1.60 (1995).