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 Malaysian Bulk Carriers Bhd., MAYBULK Discussions

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ts1
post Dec 19 2007, 12:01 AM

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i stuck 50% of my fund in ta-w, if not i will taruk again..look like my cny's bonus will go to dry bulk kaka
TSskiddtrader
post Dec 21 2007, 10:00 AM

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MAYBULK shares continue to drop. rclxms.gif


panasonic88
post Dec 21 2007, 10:09 AM

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lol not a good news for current shareholders
chinkw1
post Dec 21 2007, 10:18 AM

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QUOTE(panasonic88 @ Dec 21 2007, 10:09 AM)
lol not a good news for current shareholders
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Anyone knows why Maybulk keep dropping?
cherroy
post Dec 21 2007, 10:22 AM

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QUOTE(chinkw1 @ Dec 21 2007, 10:18 AM)
Anyone knows why Maybulk keep dropping?
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3 primary reasons:
1. Substantial shareholding dumping. -> MOF
2. Post a slight below expectation result recent Q.
3. Dry bulk shipping rate is dropping after hit historical high, nevertheless still at highly profitable level at this moment. There is a index to show the dry bulk shipping rate across the world, which can be a good indicator how well will the Maybulk financial result is. Just like CPO with plantation stock. Forget where can get it, may be will find it out latter when got some free time.
TSskiddtrader
post Dec 21 2007, 10:43 AM

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Baltic dry index

Here is something I found from Google.

BDI is on a down trend at the moment, but still it is quite high and not really plunging.
panasonic88
post Dec 21 2007, 10:50 AM

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erm, they throw, we pick up

is it logical? unsure.gif
TSskiddtrader
post Dec 21 2007, 11:09 AM

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QUOTE(panasonic88 @ Dec 21 2007, 10:50 AM)
erm, they throw, we pick up

is it logical? unsure.gif
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Well think of it this way, short term when you sell something in bulk, and they aren't many buyers in queue, prices tend to drop as you're selling not to the highest bidder but to whomever is bidding.

But when the selling stops or when it isn't profitable to sell anymore, and the queue is still there, thats when the price will stabilise again to what buyers are willing to pay for.

SUSKinitos
post Dec 21 2007, 02:09 PM

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a good time to buy? in last 30mins before morning close 8 trades totalling 740lots sell down @$4.36 So low, atmost 3 months low still want to sell ah?

maybe got something we dun know yet?
panasonic88
post Dec 21 2007, 02:20 PM

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not the right time YET, i think rolleyes.gif
TSskiddtrader
post Dec 21 2007, 02:24 PM

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QUOTE(Kinitos @ Dec 21 2007, 02:09 PM)
a good time to buy? in last 30mins before morning close 8 trades totalling 740lots sell down @$4.36 So low, atmost 3 months low still want to sell ah?

maybe got something we dun know yet?
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740 lots is like 74k shares. Not a lot in 30 minutes, and according to time and sales report it's all different transactions. Unless the time and sales report I'm looking at is wrong. I'm more worried when I see 1000 lots(100k share) or more trading in 1 transaction, that is the big players trading.

Today quite a few big lots sold down, probably the substantial shareholder dumping more stock.

This post has been edited by skiddtrader: Dec 21 2007, 02:27 PM
SUSKinitos
post Dec 21 2007, 02:42 PM

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From 21:27 to 12:29, its 740 x 100, betul kah?

when they buy the shares to enable them to sell at $4.36, last year kah?

cherroy
post Dec 21 2007, 02:50 PM

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QUOTE(Kinitos @ Dec 21 2007, 02:42 PM)
From 21:27 to 12:29, its 740 x 100, betul kah?

when they buy the shares to enable them to sell at $4.36, last year  kah?
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A lot of people are making fat profit from this counter. If last year, their cost should be around Rm2-3 only, why they can't sell at 4.36, still represent a significant profit for them. Substantial shareholders generally hold their shares for years, not months.
TSskiddtrader
post Dec 21 2007, 02:55 PM

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QUOTE(Kinitos @ Dec 21 2007, 02:42 PM)
From 21:27 to 12:29, its 740 x 100, betul kah?

when they buy the shares to enable them to sell at $4.36, last year  kah?
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Yes it's 12:27 to 12:29, 8 transactions varying from 10 lots to 200 lots.

I believe prices were below RM4.00 in August 07 with a 1 day drop to RM3.00 once as well during a mini crash. Prices only went above RM4.00 and stablise in early September.
smartly
post Dec 21 2007, 03:59 PM

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Attached Image
Financial summary report for Maybulk, looks pretty impressive...I guess buying for dividend play should be a good move.
SUSKinitos
post Dec 21 2007, 05:25 PM

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what's wrong with transportation sector all counter in this sector not doing well?
TSskiddtrader
post Dec 21 2007, 06:22 PM

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QUOTE(Kinitos @ Dec 21 2007, 05:25 PM)
what's wrong with transportation sector all counter in this sector not doing well?
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Transportation sector? hmm.gif

WinDs
post Dec 21 2007, 10:04 PM

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QUOTE(smartly @ Dec 21 2007, 03:59 PM)
Attached Image
Financial summary report for Maybulk, looks pretty impressive...I guess buying for dividend play should be a good move.
*
Hi smartly,

May I know what trading platform is that? It looks great rclxms.gif


low yat 82
post Dec 21 2007, 10:22 PM

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QUOTE(WinDs @ Dec 21 2007, 10:04 PM)
Hi smartly,

May I know what trading platform is that? It looks great  rclxms.gif
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rhbinvest rclxms.gif rclxms.gif icon_idea.gif icon_idea.gif
TSskiddtrader
post Dec 21 2007, 11:36 PM

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QUOTE(low yat 82 @ Dec 21 2007, 10:22 PM)
rhbinvest  rclxms.gif  rclxms.gif  icon_idea.gif  icon_idea.gif
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It looks slicker than my OSK188 one. rclxms.gif

Anyway back on topic, looking at the counter news, Bank Pembangunan Malaysia which is wholly owned by Ministry of Finance currently holds 18.39% stake in Maybulk. Do you guys think they might sell down to 18%? I read somewhere also that Bank Pembangunan will be de-merging with one of its units, not so sure if it is just rumours or not.


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