Hmmm suddenly feel like miss that Parksonguy fellow. He/She used to always warn us to be careful of Maybulk and complain so few ships and possible impairments etc etc. Now nowhere to be seen... or maybe he/she become a quiet and happy shareholder :).

TSLIM might get his secretary to write back and say he also been collecting TG shares thinking share price gonna go up up up but end up kanasai to horland. He also recommended Tropicana to buy TG shares at RM6.97 and now susah wanna go show face at Tropicana BOD meeting. You have your problems he also handling his own.

BY8836 the 2 chartered ships are on long term 10 years charter and expiring mid 2022. If I recall correctly both those old ships are chartered at loss. Correct me if I'm wrong.

https://www.theedgemarkets.com/article/five-independent-directors-including-newly-appointed-masleena-zaid-resign-serba-dinamik?type=malaysia

Unbelievable counter.. down 76%+ YTD .. those holding once reach -90% YTD it’s considered basically total loss.. probably best to save the remaining money than hope for a quick turn around.. based on history in other Bursa companies there is seldom a path to quick recovery and if it’s really accounting malpractice it will remain a cheap penny stock for a long long time..

Nice informative link Blackpepper!

Chief it has been 10 years+ of global shipping market consolidation. Imagine all those people who bought Maybulk for the past many years, almost all of them would have only seen their investment depreciate lower and lower. I was one of the lucky ones to exit near the top and after all these years only returning to invest back in Maybulk hoping to see a sustained recovery.

Most people will be cautious of this stock so don't expect a quick price surge. Only once they see a sustained recovery in earnings and shipping rates, then only can the share price have a larger surge. Other than that if it becomes a penny stock play then you'll be lucky.

Good sharing Sharon and agree with you. Those monitoring the fall in BDI should not be worried as it is almost entirely due to the drop in the Capesize Index which accounts for 40% of the BDI. Maybulk does not have any Capesize ships. Kamsarmax (Panamax) and Supramax rates are still holding up high and this is reflecting in the fact that the Maybulk share price is not plunging along with the BDI drop. Q2 results should be noticeably better than Q1.

Most likely the high charter rates can keep steady or increase throughout this year due to 10 years of shipping consolidation in the global markets and the fact that the new builds take 2-3 years to come online.

Q1 2021 net profit at RM2.39 billion compared to Q1 2020 at RM2.05 billion..

Tomorrow should be RM7.95 - RM8.05

Q1 2021 loss of RM483.59 million. Even larger loss and lower revenue compared to same period last year.

Usually ~90% of shareholders will opt for the partial cash and partial shares DRP to make use of the discounted share price to accumulate more shares. The rest that opt for only cash dividend payout usually due to them owning small amount of shares (few hundred shares).

@bgbk3010 the DRP is optional you may choose full cash dividend of RM0.385 cents or you may opt for the partial cash (RM0.175 cents per Maybank share) and shares @ RM7.55 per Maybank share out of the RM0.21 cents dividend. There is supposed to be an official calculator to help with this calculation but Maybank has not uploaded yet in their website. You may use the link below when they upload 20th DRP calculator.

https://www.maybank.com/en/investor-relations/dividends/dividend-reinvestment-plan/DRP-calculator.page?

Parkson sounds like someone who got wounded in the crash 10+ years back and probably bought Maybulk around the price I sold ~RM4.30. Now Parkson forever pissed off till today warning people not to 'repeat' his mistake and buy this share.

Yo the directors collectively all-in made RM630.5k (2 ED and 8 non-ED) which is peanuts even the ED did not even earn RM100k last year. Common lah.

Agree with Hafid, the share price most likely already priced in for the earnings today (insiders already know the numbers). Definitely no gap-up and price will trend along with BDI movements...

Kudos to all shareholders who had the conviction to buy and hold and those who shared their insights and expertise. Q1 21 was better than we had expected. May we all all prosper :).

@chopstick this was already discussed awhile back. MSC mining of their own tin ore only accounts for ~10% of their total output. Management has said they are trying to find new tin via exploration etc to mine more but I assume this will be very limited. After >100 years of mining activity most places highly depleted (I could be totally wrong). Therefore, tin smelting division only brings marginal income. With limited tin mining (of total) of their own mines, it will also limit the profits due to higher tin prices.

@Bluey It does not matter to me what MrDIY does as I’m not a shareholder. I’m only in this chat to learn from others, see if there is a case to invest in this company and share my thoughts that’s all.

@Bluey You are right that HLIB TP has latest TP of RM4.79 (previously RM3.81) for MrDIY. This is based on their forwarded earnings estimate for FY22 earnings and pegged at P/E of 50x from previously 40x PE.

Do note that HLIB also had Top Glove TP of RM31.31 in July 2020 and now revised to RM8.14 as of March 2021. Quickly go and follow them to and buy lots of Top Glove shares as well lah since almost 54% upside (what a steal).

Don't get me wrong, MrDIY is a highly highly profitable company and growing as well. Just that for real investors there seems to be very limited share price upside and they have too many competitors with not much of a business moat.

@i3lurker Lol agree with you, some also say MrDIY market cap will also exceed Apples USD2.1 Trillion very soon (wink wink) as they have irresistibly great erasers, hand sanitizers, hammers and a whole lot more which coincidentally can be bought at many other competitor stores.

I am a very disappointed long term shareholder of TunePro. Been holding it for 6 years only to see the share price drop and drop and drop and change in CEO so many times. I see a lot of talk about dividend here. Suggest you all look into LPI Capital (Insurance), this insurance company never fails to give good dividends and earnings year after year. I've been holding this company for 15 years+ already. Not much upside in share price but great for dividends.

@InsiderForecast May I ask what Database you are referring to which shows the valuation to be undervalued.

Came here to try understand why on earth people buying this hardware shop counter.. talking about TP5/7/10 madness! Current valuation at RM24 billion is even larger than Genting and Genting post pandemic can easily make RM2 billion+ after tax. Valuation of MrDIY is 3x of Ambank, 2x Supermax and 1.1x IOI.

Is it MCO everyone in the country running to hardware shop to buy some nails, hammer and stuff for home reno?!?! What is the growth story all you people saying RM5-10 share price?

@ james70 Thanks for sharing. You guys know your stuff!

As many shareholders and potential shareholders are hoping that the high Tin prices will significantly boost earnings. Earnings from tin mining seems to be rather limited due to mining of the tin ore for MSC accounts for <10% of total company output. So the real earnings needs to also come from cost efficiencies from the new plant along with higher volumes than the 30% capacity seen in Q1 2021 for the new plant.

@Hafid Clear and thanks.

@james70 Any comments to share regarding that less that 10% of MSC smelters input is from their own mines (from Annual Report 2019)? Majority of their tin needs to be imported from other non-operated mines. This should severely limit their profit levels despite much higher Tin prices yes/no?

@steadylahbro Noted on that. Minority Shareholders would have been better off if Inari just applied for a RM1billion bank loan instead of issuing 333million new shares. Just my opinion...

The recently announced PATMI of RM22.1 Million actually includes one of net gain of RM16 million coming mainly from reversal of inventories which were written down previously. If not for that net gain then the PATMI was only RM6.2 million despite so much increase in the tin price in Q1 21.

This company needs everything working 'perfectly' to make the real big bucks. New Pulau Indah TSL Furnace plant needs higher output volumes, better efficiency along with high tin prices to really see great earnings in the following quarters.

Company Director MR OH SEONG LYE sold of all his shares of 216,000 on 5th May. Adui.

@batu88 as of Monday 3rd May 2021 BPMB had 47,281,500 Maybulk shares. At rate of disposal they are basically selling 10-15 million shares per week. Can assume they sell every single share by end of this month.

@Firewood1313 concur with you. Don't get this PooShen as when I analyse his/her/it's Top Glove loss situation it seems like there is nothing at all to lick wound and claim loss and send so many messages about the same issue.

1. Firstly, the shares could have been sold on April 26th 2021 at about RM5.90 (closing price) or more.
2. Secondly, April 6th 2021 was the pay date for the 25.2 cent/share dividend meaning total net sales including dividend is RM6.152.
3. Thirdly, given the 'all in' purchase price of RM6.25 then the loss would only be 1.5% (over 3 months) which is hardly anything for share market investments.

In summary possibly, this person/thing just needs some TLC and/or attention so please go call Befrienders if you really someone to talk to.

Dividend 38.5 cents/share. Ex date not yet announce and reinvestment DPR will be based on the latest 5 day average share price at announcement date. Payment date by end of June 2021 (as per AGM comment).

For latest you may check Maybank website for 20th DRP update (to-be-updated).
https://www.maybank.com/en/investor-relations/dividends/dividend-reinvestment-plan/Current_DRP.page

Dividend to be approved today and expected payout by end of June 2021

AGM still ongoing now... Q&A session

@PooShen why so many of your comments on Inari section? Go Top Glove and comment/complain lah since your money is stuck there.

Makes more sense that way and fellow Top Glove shareholders in that section can join you and curse the price going down again.

@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?

Any talk of shipping impairment is simply ridiculous in times like these when BDI is almost 2,900. It’s like saying oil companies need to impair their reserves when oil prices are at record highs - don’t make no sense whatsoever.

Shipping demand currently outstrips supply and new builds are not able to keep pace with current global new ship orders leading to a sustained increase in the BDI.

Baltic Dry Index (BDI) at 2,710... the last time it was this high was 10 years ago!!
https://tradingeconomics.com/commodity/baltic

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.