This is the share price chart until the announcement of POSH: It reached a high of RM 5.40, it had come down since then due to the global economic outlook. Also there were worries about oversupply for tankers and bulk carriers. On the other hand, Maybulk would go into the recession with more than RM 1,400,000,000 in cash and short term deposits (September 30, 2008), not many companies on the Bursa Malaysia would be in such a sweet spot. Surely the management of Maybulk would use the money wisely?
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