I blundered a big time.

Maybulk paid RM 700m+ for 21% of share in POSH.
Out of RM 700m, about RM 400m is premium or goodwill, and about RM 150m is the share of liability in POSH.

So.. the net asset of Maybulk per share minus the goodwill and liability of Posh should be around RM 1.10-RM1.30

I paid almost double for it.

Today I learnt a great lesson that I can never forget.

Whowe, you haven't looked deep enough.