Parksonguy is just a random guy talking random shit spreading random rumor, let him be the clown and other just ignore him. He cant prove his point at all, and doesn't care to prove his point as long as he can make ppl believe his shit and affect the share price.
All the international dry bulk shippers in the US, Japan, South Korea, China, HK, Taiwan and Singapore are doing well at this time with huge profits. Let us see if the CEO of Maybulk is doing a good job or not?
It was very fishy that Maybulk had an impairment of RM55.8mil in the quarter ending 31/12/20. The world market price of used ships was in uptrend during that time. Why was there an impairment?
Fast run last chance sell to sell high. Maybulk right issue news come out due to wanted buy 5 more ship at cost 500millions. Forget about impairment, right issue coming.
@RVI123 good point on the RM55.8 impairment. Unfortunately the Annual Report does not elaborate much on if it was a specific old ship or all the ships. I would be highly surprised if they impaired their newer and larger ships, unless it is a strategy to write-back this year and show stellar results?
No one will care about impairment loss or gain. Unless they plan to dispose all the vessels (which I doubt anyone will sell their fleet now). As long as BDI remained high (average 2500 until end of year) especially index for Panamax and Supramax, maybulk should be perform well.
The Baltic Dry Index rose 2.4% to an over 10-1/2-year high of 2,957 on Wednesday, extending gains for an eleventh straight session, linked to the strong performing Brazilian iron ore exports as key markets replenish supplies that were drawn down in the year of the pandemic. The capesize index, which tracks iron ore and coal cargos of 150,000-tonnes, rose 3.6% to a more than one-year high of 4,680; and the panamax index which tracks cargoes of about 60,000 to 70,000 tonnes of coal and iron ore, advanced 1.3% to 2,584. Among smaller vessels, the supramax index edged up 11 points to 2,140. source: Baltic Exchange
When is the AGM? This share losing money all the while. Share can move only after Bank Pembangunan no longer 5% share holder. BPMB selling due to Court Case of CBT of it s Director ?
I'm not too familiar with technical. but today's volume is extremely high. it is only comparable to volume during 2016 April which is sound good to me. Haha..
The BDI has risen from 450 points to 3000 points since last year. However, the price of Maybulk which its business is closely related to the BDI has only increased from RM0.25 to 0.71... The revenues has definitely increased.
Assumed 25% of selling for today and yesterday are from BPMB, they only left 30million share. should be no more bullet before raya. Look at the share price for Star Bulk Carrier Corp yesterday, +12.8%. 5 years record high.
FYI, income from shipping business is tax exempted in Malaysia and Singapore. And most of Maybulk ship is in SG. So even tax rate up to 100% 200% 500% 1000%, it will still exempted. Nice try Son.
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....
batu88
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Posted by batu88 > 2021-04-28 13:04 | Report Abuse
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