Posted by hng33 > 2024-01-09 14:53 | Report Abuse

sold at 33.5sen

Posted by knchan2001 > 2024-01-16 09:03 | Report Abuse

Maybulk is my 4th Gem

History of Maybulk
2Ys & Goh bot fr Robert Kuok, while stock @ 0.54 in 2022 April.
2Ys sold to Goh @0.425 a year after.

Core biz:
Shipping, profit margin 20－25%. Biz nature is a CYCLE biz.

Latest exercises:
~Capital reduction on 23Q3
~Venturing into shelving and storage biz, with profit margin ~13%
~Ship sale at 140m on Nov 2023, which will be in 23Q4 (estimate on end of February)

Attractive Points:
~capital reduction, which will turn Maybulk to new reborn company from accounting stabd point of view
~After ship disposal, balance ships has long term orders, which will generate stable income
~potential spwcial dividend of 0.10
~Dividend payout ~100% @0.01 with the yield 3% @0.33
~NTA 0.52
~almost zero debt, 1m
~Cash
cash 29m + deposit 162m , + ship sale deal 140m, which translate into 330m, if no loss no gain for coming qtr. this is talking about 0.33 cash per share, which is below the current price 0.325
~Value relization theme
~Estimate normal annual Net Profit 5－10m, EPS 0.005－0.01. If value the biz at PE 10, this translate into 0.10 for current biz

Target Buy Price:
Target Sell Price:
=cash 0.33 + current biz value 0.10 + potential special dividend 0.10
= 0.53

Report is prepared by Little Kang on 240115

Posted by dompeilee > 2024-01-16 09:09 | Report Abuse

Good analysis...that's why I dare to UP my wager to 134,000+ shares...on their likely rising back to 50+c !🚢

Posted by knchan2001 > 2024-01-17 06:22 | Report Abuse

good

Posted by hng33 > 2024-01-22 09:58 | Report Abuse

bought back at 31sen

Posted by hng33 > 2024-01-26 15:14 | Report Abuse

sold back at 32-32.5sen

Posted by thesigncom > 2024-01-29 09:52 | Report Abuse

come on MB, break the 33.5 barrier

Posted by thesigncom > 2024-01-29 10:15 | Report Abuse

next resistance 34.5 and 38

Posted by bullrun2025 > 2024-02-08 18:25 | Report Abuse

No movement at all

Posted by dompeilee > 2024-02-22 09:33 | Report Abuse

TY to the dum b fuggs who sold down to 31c....managed to buy more to reach 136,600 shares.

Posted by thesigncom > 2024-03-27 12:08 | Report Abuse

0.295

Posted by ivanlau > 2024-05-09 18:54 | Report Abuse

conventional vessel charter rate keep increasing, it is good news for Maybulk, 0.315 consider undervalue now .......

Posted by thesigncom > 2024-05-10 18:07 | Report Abuse

Dear Shareholders,
We wish to inform that the Circular in relation to the following proposals dated 10 May 2024 is available at www.maybulk.com.my for your preview:
(i) Proposed Share Buy-Back Authority of up to 10% of the total number of issued shares of the Company; and

(ii) Proposed Exemption under subparagraph 4.15(1) of the Rules on Take-overs, Mergers and Compulsory Acquisition to Dato' Goh Cheng Huat and person acting in concert with him from the obligation to undertake a Mandatory Take-Over Offer for all the remaining ordinary shares in Maybulk not already owned by them arising from the purchase by Maybulk of its own shares pursuant to the proposed Share Buy-Back Authority.
If you need a copy of the printed Circular to Shareholders or should you require any assistance on the above, kindly send the request to enquiries@maybulk.com.my

Posted by lck1300 > 2024-06-05 12:31 | Report Abuse

only fleet and signed long term contract , that is why share price cannot go up eventhough now freight price is sky rocket now ,i guess management dint expected that , anyway , the currency exchange rate cause the lose , will keep in watchlist this under value stock , sell the ship and see what is the management next move to invest to generate good return in other thing....

Posted by Bull13 > 2024-06-10 10:23 | Report Abuse

Cash rich co. Logistics business very profitable based on very high freight rates

Posted by Alex_Kho > 2024-06-10 16:48 | Report Abuse

huat. 0.50 coming soon?

i'm looking into this counter. will be providing my thoughts on this soon. in the short and medium will be positive.

Posted by Alex_Kho > 2024-06-12 00:49 | Report Abuse

https://bit.ly/maybulk

https://klse.i3investor.com/web/blog/detail/financeforall/2024-06-12-story-h-159700554-Catching_the_Next_Wave_Why_Maybulk_Could_Be_Your_Ticket_to_Short_Term_G

Target Price : 0.64 to 0.65

Lets go!!!!

Posted by Albukhary > 2024-06-12 01:31 | Report Abuse

Brother @Alex_Kho, please don't simply create article that can misleading investor ya.

MAYBULK has already sold most of its vessel, now left only 1 vessel.
And this vessel has been chartered to customer at fixed rate long term contract, so the fluctuation in shipping rate will not have impact on MAYBULK.

Technically, MAYBULK is no longer a shipping / Logistic company, now its main business is manufacturing of the steel racking system.

Posted by Albukhary > 2024-06-12 01:33 | Report Abuse

Here are the extraction from latest QR:-

Revenue and profit from the shipping bulkers segment is expected to be stable throughout the year 2024 as the only remaining vessel, Alam Kuasa, is under long-term contract at fixed contracted rate subject to bunker price adjustments and will not be affected by open market
charter rate volatility. However, the results of the coming quarter will be affected by dry docking of the vessel for scheduled maintenance.

Posted by Albukhary > 2024-06-12 01:34 | Report Abuse

Only 1 vessel, Alam Kuasa.
And take note that for the coming quarter, it has been schedule for dry docking, so revenue will drop due to the dry docking.

Posted by Alex_Kho > 2024-06-12 10:43 | Report Abuse

thanks for the comment. i did mention is a short term thing to capitalise the on-going conflict in the middle east that is sending frieght rate soaring.

Posted by Alex_Kho > 2024-06-12 10:44 | Report Abuse

Note:
Higher Risk: With higher potential returns come higher risks. Maybulk’s stock is more volatile, meaning its price can swing more dramatically. This is not a “set it and forget it” kind of stock — it requires active monitoring.

Posted by Datokim > 2024-07-03 10:55 | Report Abuse

Start collecting before this giant ship moving North!!

Posted by dompeilee > 2024-09-17 15:12 | Report Abuse

With the co's latest reported net cash, it can mop up ALL of its free-float of 540 mil shares with $16.5 mil left to spare...and has already bought up 13.277 mil shares since August.

Posted by mf > 2 months ago | Report Abuse

Stocks slipped Tuesday as Wall Street took profits coming off an unusually strong month and quarter and as traders eyed what appeared to be an escalating situation in the Middle East.

Posted by thesigncom > 2 months ago | Report Abuse

They're mopping up lot of shares every single day since Aug 22

Posted by thesigncom > 1 month ago | Report Abuse

2.5 months of mopping every single day ... and people are still happily selling.

Posted by hng33 > 4 weeks ago | Report Abuse

bought maybulk at 31.5sen

Posted by mcheat > 3 weeks ago | Report Abuse

Investors asked for share buyback scheme, investors asked for dividend, they got it. Shareholders still dump their shares at such a low price. I just dont get it. Maybe in the coming AGM, they need to give door gift to make them happy!

Posted by dompeilee > 3 weeks ago | Report Abuse

Don't care! A lot of stewp!d ppl around like ScotFree aka Poor Gutter Snipe! I bought MORE Maybulk to bring my total holdings over the 140,000 mark!

Posted by hng33 > 1 week ago | Report Abuse

sold at 32.5sen + entitle dividend

Posted by dompeilee > 1 week ago | Report Abuse

Standing tall with a boatload of buyers @ 33c! 😊