Haha, if I ever had all the answers my friend. I'll be quiet and probably live off n a cave somewhere. To be inquisitive and question everything that moves is what differentiates a fact finder and luck stumbler.

Do not misconstrue my questions as an attack on your judgement, but rather a probe on what makes you decide on that purchase at RM0.55. Was the PER the only fact you considered when you made that purchase? Looking at all the observation I've pointed out, I would've normally shun this counter to oblivion until it provides a year of stable and consistent performance. That is why I like/want/need to know what made you BUY the counter, what was it that open your eyes and made you say "this counter will make me money?".



This post has been edited by skiddtrader: Jun 12 2008, 06:45 PM

That is true and that is why a person like me always ask questions of every kind, for the things I already know about and the things I don't know that I still don't know about.

Hey, if you aren't willing to share it's alright. But I still question your decision and maybe someone else will enlightened me when they spot the mark like you.

Wah I've been waiting for Maybulk to touch RM3.50 again and will pick up some. But the way BDI corrects itself is scary.

The problem with Maybulk strategy as I see it is, they expected a lower volume of trade in 2008/9, so they decide to sell some of their ships. But their contingency to charter ships if demands picked up has costs them more overheads for their revenue, since it's almost as expensive to charter a ship and getting revenue for the charter in the first place.

If I'm not mistaken, they sold almost 3 ships already. And last quarter they were chartering ships to do their hauling which increased their operating costs.

Late April and May is good as the BDI shot up back to new highs, but as it is correcting itself back this month, their 2nd quarter would still show less revenue. But it is expected their 1 time sales proit of their ships would be reflected in the next results.

Not much news to be honest. Market is boring. Volume is low.

It needs direction and everyone seems to be waiting at sidelines.

Although I do not doubt the ability of ICAPs to make money in the market, but don't you think mimicking their investments is kind of dangerous without proper research on your own. I mean it's like people following analyst predictions blindly. No offence or anything, just hope you have done your own homework because if you have no confidence in your own decision, you might act hastily when the markets were to go against your initial decision.

Should not take special dividend into account. So it's 56.5 - 41 = 15.5 sens dividend

So about 5.6% dividend yield based on latest price.

It's been a while since DJIA drop so nicely. While KLCI has more or less sort of de-coupled from the effects due to our own political issues, it sure will be hard not to follow the crowd on this one.

RM2.50 was the before warrant distribution. When the warrants was distributed, the dilution effect was expected to be around 30% since the number of possible new shares created from conversion of thew warrants was almost 30% of the outstanding share in the market. So taking the 30% into account for the dilution effect, stock prices would also be affected.

But bear in mind the majority of warrants are not converted yet since it lasts until 2018, so meaning the dilution has not occur yet. In other words, their latest quarterly results will still benefit the current shareholder when the profits attributed to shareholders are calculated.

Profits on the other hand are expected to fall some 1-5% and some say 5-10% depending on how the windfall tax on IPPs are calculated.

The recent IPO that listed was Luxchem which tanked on their first day, dropping until it hit the 30% mark which means cannot drop some more.