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The Prime Minister said most states are going into Fasa 4 in October, but for me Maybulk has been in Fasa 4 all these while, yet the share price is still at Fasa 2. Accumulate more? Not a bad idea.. : )
Well @Terry, it was a terrible loss making company for so many years, but in 2021 I believe we shall witness a big turnaround for Maybulk.. that's why I strongly recommend to all my fellow investors..
I bought this because Rakuten push it, then I look at its financials, and found it has very high profit margin and start to cover its previous losses, it seems promising in the long run.
One thing to beware is it’s current liabilities are due for payment within a year, more than its current assets, and it is mainly the borrowings which I believe the company will able to reschedule the payment, payoff and get a new loan.
And 2020 loss was due to impairment loss on vessel, which is a paper loss
