Its net loss due to impairments which is the nature of such a business. Every few years the ships need to be revalued and impairment incurred die to disposals etc.
In term business, it made an operating profit .. the current spike in charter rates should be good for coming quarters..
There is currently a shortage of bulk carriers as the wheat and soy harvesting season has started and the Autraliasia basin routes are busy.
Share market are most easy method for politic party take money from government. Government body sell low price then political parties buy up the share and sell high.
The programmed selling is just another portfolio restructuring exercise. It was the same with TSH massive selling by EPF earlier and many other counters. But one should also take note that there is ample support to absorb the sell down. Daily charter rates are on the uptrend and business remains profitable. Excluding the impairments, Maybulk has recorded its first operating quarter profit after many loss making quarters on the back of better charter rates. Most of its fleet of 12 carriers are relatively you g and thus lvery low maintenance. It has pared down much of its bank borrowings. The quarters going forward should see continuos profitability. Personally, I think prices should correct a little as it has come up from 0.47 but it should continue to be on the uptrend based on fundamentals
Dont worry,when Bank pembangunan sold,we buy.Dont you see every time i wonder why EPF sold their position at the reletively lower price, but half year later price hit another new high,so dont ever follow big foot trend.Do your own study the value & future of this counter.
I brought this counter(MHB) 3 years ago,seem like too dependent on carigali contract, hardly to move up,So i sold out after 2 years hold.This counter operate business (oil & Gas) totally different from Maybulk (Bulk Carrier),so the trend will be different.
Confirm loss profit. Already 10yrs loss profit and no devidend? One quarter earnings to cover 10yrs time? Only shit management can continue loss profit for 10yrs.
Will drop back like last time .. oredi sold off just now.. bank pembangunan still have 10% plus... might as well be patience wait til below 0.50, will surely come ..
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....
Richard Lee
482 posts
Posted by Richard Lee > 2021-03-11 15:01 | Report Abuse
MHB more ganas