We should stop promoting this share to retailer.. let the operator do their work to collect the shares.. once they have enough shares they will goreng up themselve
Agree. This is indeed a turnaround story for Maybulk. Should be able to reach 1.20-1.50 in the coming two quarters if Baltic Index remain strong at 2500-3500.
@pingdan Exactly...! Index fluctuates.. as long as they stay between 2500-3500 then Maybulk will have a great 2021 financial year.. For me, lower price is actually a good chance to top up..
Positive sign ahead. Pacific Basin is the closest competitor to Maybulk, plus their share price had increased more than 120% in the 6 month period, while Maybulk only rose 29%
re: Sharon, i think so too... there wasnt any heavy selling to begin with... the downturn just operator respecting the market being down as well... i would think bdi should edge up very fast soon.... pacific basin i noticed, it always breakout and do backtest, before surging at least 30%... this time pacific basin is doing a backtest after breakout earlier... backtested to 3.09... so i think the next surge will be until 4.... and the uptrend usually is 9 days... based on my observation... i think maybulk could follow the same trend.... In USA, institutional investors are starting to warm up to holding shipping in their portfolios.... interesting times ahead....
Assuming average PE for Maybulk is 9x (bear in mind during the haydays, their PE is 12-15x)
For share price to be at RM 1.44, earnings per share needs to be 16 sen for the year. For share price to be at RM 2.10, earnings per share needs to be 23 sen for the year. For share price to be at RM 2.80, earnings per share needs to be 31 sen for the year.
And it goes on. So adjust your prediction accordingly.
Just curious, how come Bank Pembangunan hold so much shares, i tot Bank Bangunan is a lending institution, Possible reasons? 1) owner borrow money and pledged share, cannot repay then Bank force sell? 2) Company borrow money to buy ships, cannot repay, Bank convert loan to equity, then sell shares 3) Other reasons?
@pharker great question. I heard from someone that they are internally corrupted, their MD got arrested by MACC, so lots of hanky panky going on but good thing they have exited majority of the shares, though there still little shares remaining.
Baltic index rose today.. as Panamax stands back to above 3500 & Supramax record high..
The Baltic Dry Index rose 0.9% to 3,175 on Thursday, extending gains for a second straight session, as the North Atlantic has been much more active in the last couple of days and rates improved significantly. The panamax index which tracks cargoes of about 60,000 to 70,000 tonnes of coal and iron ore, rose 2.8% to 3,515, snapping a four-session long streak of declines; and the supramax index rose 12 points to 2,864. Meanwhile, the capesize, which tracks iron ore and coal cargos of 150,000-tonnes, shed seven points to 3,861. source: Baltic Exchange
Tbh Baltic Dry Index rise is not a healthy sign for the market. So I would not be very happy about it unless all my portfolio is concentrated in Maybulk or other bulk carriers
this article is 2015... where it says BDI make all time low... now BDI is making 10 year high.. can u at least link a proper article that says new high BDI and its effect? Doh... take a 2015 article go cheat a NOOB....
The article examines the market condition before the 2008 crash. Also, BDI making highs is good for Maybulk and bulk carriers but not conducive for the rest of the market. What is wrong then?
The Baltic Dry index (BD) also appears to have the ability to predict economic growth (Bakshi et al. 2011). Nevertheless, there also seems to be an inverse relationship between macroeconomic variables and BD as well. Klovland (2002) shows that cycles in economic activity are major determinants of the short-run behavior of shipping freight rates in the years between 1850 and World War I.
You are the true noob investor cause all of your comments are in Supermax, UCrest. Haha you even asked people to hold Supemax until retirement. All the records are here
Stock: [SUPERMX]: SUPERMAX CORP BHD Oct 5, 2020 9:20 AM | Report Abuse
Because BDI and global inflation expectations as well as surge in raw material costs have been blown out of proportion. So, you are right in one way that the peak has already happened.
Remember guys, "Patience is Gold!".. Index fluctuates, but as long as the chart is still going uptrend, Maybulk 1.2-1.5 target price is just a matter of time.. Let see what will happen next week..
wallstreetrookie, Dun talk cock here.. all in your short for maybulk and show us your transaction :) since u so confident that it will drop. Big chance for you to make money :)
For me, currently it is very safe now. Just imagine the worst scenario.. the charter rate remain at usd12.8k (just like last quarter), we will have 1.5sen per quarter. Using pe10, the fair value will be RM0.60 which is only less than 20percent downside.. but we got potential 100 to 200percent upside.. nothing to worry about.. bet lose we lose 20percent but if we won, we will get 100 to 200percent profit
yes, pingdan, demusangking and sharon, will hold tight tight man.... :)... true also the conservative number is the confidence level... next QR easily beat 1.5cents... :)
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Posted by Lawman > 2021-06-22 12:41 | Report Abuse
Nice informative link Blackpepper!