Posted by dompeilee > 2023-03-01 18:53 | Report Abuse

Thanks!

Posted by Diamond7 > 2023-04-04 14:24 | Report Abuse

Time for upward movement...
Go..go..go...
Good bulking business!

Posted by zhichung1114 > 2023-05-18 18:55 | Report Abuse

good qr result.....up tmr

Posted by curiousq > 2023-05-19 09:07 | Report Abuse

good? not making loss?

Posted by chesslim > 2023-05-19 10:49 | Report Abuse

Maybulk capital reduction ? ?

Posted by pang72 > 2023-06-23 15:43 | Report Abuse

Trap from 60c to 30c..

Lol

Posted by wongcheehui83 > 2023-06-28 05:59 | Report Abuse

what is going on.... drop so serious

Posted by Lightofheaven > 2023-07-31 13:58 | Report Abuse

maybulk is sleeping ... But no worry, a giant need to rest also..just hold and wait

Posted by hng33 > 2023-08-10 09:48 | Report Abuse

bought maybulk at 31sen

Posted by speakup > 2023-08-10 21:23 | Report Abuse

if u like Maybulk try Insas
Insas super cash rich, cash rm1.10 per share vs share price only 84sen

Posted by bullrun2025 > 2023-08-11 16:20 | Report Abuse

@hng, what is the fair price for maybulk

Posted by bullrun2025 > 2023-08-11 19:30 | Report Abuse

Thank You hng33

Posted by bullrun2025 > 2023-08-14 16:54 | Report Abuse

@hng33
*Shelving and storage solutions* The demand for shelving and storage solutions is expected to slow down due to festive season at the beginning of Q2 2023 and will likely weaken further on the back of slowing global economic outlook coupled with higher interest and inflation rate that pose significant growth headwinds. Businesses will lower their stock levels and slow down expansion projects. Accordingly, the S&P Global Malaysia Manufacturing Purchasing Managers Index (PMI) at 48.8 in April 2023 indicated challenging business conditions and demand remained subdued, pressuring firms to limit production and scale back their purchasing activities.

Posted by bullrun2025 > 2023-08-17 09:24 | Report Abuse

@hng33, when you going to sell Maybulk?

Posted by hng33 > 2023-08-29 10:36 | Report Abuse

dividend coming

Posted by bullrun2025 > 2023-08-29 11:19 | Report Abuse

@hng33 what is your average price??

Posted by Lightofheaven > 2023-08-29 11:53 | Report Abuse

what a come back..Maybulk fly fly

Posted by xiaoeh > 2023-08-29 12:00 | Report Abuse

Hi may i know what is the main core business now ha for Maybulk ever since new investor came in last 2 years?

Posted by bullrun2025 > 2023-08-29 12:06 | Report Abuse

Director korek wang business

Posted by Lightofheaven > 2023-08-29 17:18 | Report Abuse

i like maybulk

Posted by bullrun2025 > 2023-08-30 08:20 | Report Abuse

@hng33, no news on interim dividend yet

Posted by skyjet > 2023-08-30 09:08 | Report Abuse

Bought maybulk at 0.32. The worst is over. Second half quarter result will be better.

Posted by skyjet > 2023-08-30 09:12 | Report Abuse

Bought 0.315 and 0.32.

Posted by skyjet > 2023-08-30 09:14 | Report Abuse

Prospect got mention "Overall, a better performance is expected in the third quarter compared to the previous two quarters"

Posted by hng33 > 2023-08-30 09:22 | Report Abuse

added more at 31.5sen

Posted by dompeilee > 2023-08-30 10:07 | Report Abuse

Averaged down @ 31.5c, bringing my holdings to 113,000 shrs.

Posted by bullrun2025 > 2023-08-30 10:45 | Report Abuse

anyone queue buy at 32c now

Posted by skyjet > 2023-08-30 11:56 | Report Abuse

Go back 0.35 today

Posted by bullrun2025 > 2023-08-30 20:07 | Report Abuse

No more nett cash position after the industrial land investment

Posted by bullrun2025 > 2023-09-01 09:24 | Report Abuse

Maybulk no power at all

Posted by PennyStock123 > 2023-09-04 07:49 | Report Abuse

29 Aug 2023........1H net profit 3.824 million (decreased 94.50%)

Posted by Pek79 > 2023-09-04 09:54 | Report Abuse

propose to change name to "Maybulk Berhad" from "Malaysia Bulk Carriers Berhad"

what is the purpose on this move?

Posted by bullrun2025 > 2023-09-04 15:25 | Report Abuse

they change their business model

Posted by dompeilee > 2023-09-06 09:11 | Report Abuse

Maybulk secures 140mil sale of 5-yr-old Kamsarmax vessel for a 2.6c profit per shr to Japanese co.

Posted by bullrun2025 > 2023-09-06 09:14 | Report Abuse

@dompeilee, any expected special dividend declared to our shareholders??

Posted by dompeilee > 2023-09-06 09:17 | Report Abuse

Doubt it...1.5c is enough...I will collect assiduously until I hopefully reach 200,000 shrs b4 the ex-divvy date.

Posted by bullrun2025 > 2023-09-06 09:28 | Report Abuse

what is your long term target price for maybulk

Posted by PennyStock123 > 2023-09-06 09:33 | Report Abuse

change name for good Feng Shui

Posted by dompeilee > 2023-09-06 16:00 | Report Abuse

Too soon to set tgt...bought more @ 32 & 32.5c, bringing my stake to 118,800 shrs.

Posted by FinanceInRealLife > 2023-09-12 20:03 | Report Abuse

lots of changes are happening in Maybulk!

Posted by FinanceInRealLife > 2023-09-12 20:03 | Report Abuse

we helped summarize it here: https://www.youtube.com/watch?v=qn17EgxEkoY

Posted by PennyStock123 > 2023-09-20 00:24 | Report Abuse

company with no debt.....cash rich....

Posted by VincentTang > 2023-10-17 10:57 | Report Abuse

Baltic dry index at 1 year high. Bought Maybulk.
https://www.tradingview.com/symbols/INDEX-BDI/

Posted by xiaoeh > 2023-10-31 09:19 | Report Abuse

Vincent, is BDI still relevant to Maybulk?

Posted by dompeilee > 2023-11-07 17:03 | Report Abuse

Bought MORE @ 32c, crossing 130k shares for the first time ever...they SOLD almost all their ships at the peak of the bulk carrier market, and now I'm gonna raid their kitty for the cash from those sales while waiting for the price to rise back above breakeven, which it most definitely will! Ganbatte Teraoka, Sekonic & Nishishiba!!!🤗

Posted by xiaoeh > 2023-11-07 18:32 | Report Abuse

Any development news?

Posted by dompeilee > 2023-11-09 09:56 | Report Abuse

Re-deployed the capital released by 7-dividend-earning PBA & 5-dividend earning KPS into more of an investment that will give me yet another bumper dividend, this time well before Christmas!🤗

Posted by newbie9893 > 2023-12-21 15:24 | Report Abuse

buy call... Transportation & Logistics will be the next theme to play..trust me

Posted by DividendGuy67 > 2023-12-29 01:23 | Report Abuse

Pity. This company is no longer the same company as it was 10-18 years ago.
Last annual report showed it only has 3 vessels left. Customer concentration risks are high.
Market cap is only RM305 million - a small company, no longer a shade of what it was 10-18 years ago.

Last Balance sheet showed 19+ sen cash. NTA 52 sen. Trading at 30.5 sen, so, undervalued by P/NTA basis and interesting.
However, business appears fairly valued (?). My estimate of 1 year EPS is around 1.2 sen. Excluding cash, the business is available for sale at 30.5 sen - 19 sen = 11.5 sen i.e. P/E of < 10, which is very fair for the future earnings from the 3 vessels.
Total cash is around 190 million + meaning they can't scale / grow their business in the future - if they use the entire 190 million to buy 2-3 vessels, that cash is gone.
If they pay out the 190 million + cash as dividends, market is going to drop down ex-div. We already seen that market is pricing fairly - on the last ex-div date, price fell 1.5 sen, exactly equal to the dividend paid out. At this juncture, this is now a penny stock with little upside / downside prospect.

It's not clear to me what happened to MAYBULK. I haven't monitored for over a decade and suddenly noticed this business is nothing like the business that it was 10-18 years ago. It looks to me this company is now ceasing / substantially reducing market's interest.

If you are a Book Value investor and are very patient, perhaps accumulating at low prices and hoping for a price spike to sell out may work out, but this can test even the most patient investors. Keep such plays a small % of one's capital.

For me, my rule is that the dividends must be funded by a % of earnings. If EPS is 1.2 sen and DPS is 1 sen, that's 3.3% of 30 sen price which is similar to FD rates and doesn't beat EPF, so, I'll pass. Sure, I'll grant that MAYBULK might use some of its cash to enhance the DPS to be larger than 1 sen, however, it will reduce its cash and limits its future ability to grow its fleets i.e. the more cash it distributes as dividends, the less chance it can grow its business in the future.

Just documenting my thoughts here for my own future reference to remind me to pass this trade.

Posted by newbie9893 > 2024-01-04 11:24 | Report Abuse

buy call.............time to fly..