Framework Journal · one stock, one dated entry

Recorded 2025-12-31 · Permanent

Masterbeef Group MB

Outside both standards

An entry written while the outcome is still unknown. It will be scored by what the market does next, and it will never be edited to look cleverer than it was.

In plain words · MasterBeef Group, through its subsidiaries, engages in the operation of Taiwanese hotpots, barbecue restaurants, and gelato shops in Hong Kong.

The label
Markup

read at $4.03

Masterbeef Group holds its Markup at $4.03.

PHINPOOPSC
  • PHPhase · the trend structure carries the Markup label
  • INInsiders · no filings inside 60 days, left as found
  • POPositioning · no disclosures inside 60 days, left as found
  • OPOptions · no verdict drawn today, left as found
  • SCScreen · does not pass the values gate
  • edge confirmed
  • edge broken
  • edge forming

Each arm is one independent read. Conviction is not a single call, it is how many edges converge.

The investor read · the season, not the day

As held on the ledger · 2025-12-31
PhaseMarkup
Quantitative stateThe statistical read favours the buyers, held for 19 days
Price$4.03
ValuationN/A trailing · N/A forward price to earnings
Values screenFAIL · score 70.0
BetaN/A

The business, in plain words · what the numbers mean

The fundamentals · plain-English read
Revenue growth-12.0%
revenue is shrinking
Profit margin-11.4%
currently unprofitable
Return on equity-138.3%
not currently earning a positive return on equity
Debt to equity4.45
heavy leverage — higher risk if revenue softens
Current ratio1.55
healthy short-term liquidity
Market cap$69M
Employees336

The risks · The things to watch: it's a small-cap, so the share price can swing harder than the market; its business and earnings are exposed to Hong Kong and to currency swings; it carries a real debt load, which raises the stakes if revenue slips.

Plain-English interpretation of our own screen data. Analysis, not advice.

Related securities · others in MB's space worth a look

NDLS Noodles & Company BDL Flanigan's Enterprises Inc STKS ONE Group Hospitality Inc GENK GEN Restaurant Group Inc THCH TH International Ltd RAVE Rave Restaurant Group Inc

Screened names in the same industry · explore each on its own page.

The trader read · the latest dated commentary

The framework reads distribution. Smart money appears to be selling into strength. Institutional holders may be rotating out. Price has moved down 33.3% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it A. Technically it is sitting below its long-term trend line with momentum reading neutral. Over the past year the shares are down 7%. Our forward projection puts the odds of a 10% gain over the next month near 37%. Entered 2026-08-05 · Distribution

The dated journal · newest first, never edited

2026-08-05 Distribution $4.03 -33.3% Entry 4

The framework reads distribution. Smart money appears to be selling into strength. Institutional holders may be rotating out. Price has moved down 33.3% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it A. Technically it is sitting below its long-term trend line with momentum reading neutral. Over the past year the shares are down 7%. Our forward projection puts the odds of a 10% gain over the next month near 37%.

2026-07-18 Distribution $6.03 +0.0% Entry 3

The framework reads distribution. Smart money appears to be selling into strength. Institutional holders may be rotating out. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows excellent risk-adjusted returns. Our composite framework grades it A. Technically it is sitting below its long-term trend line with momentum reading neutral. Over the past year the shares are down 7%. Our forward projection puts the odds of a 10% gain over the next month near 37%.

2026-07-03 Distribution $6.03 +0.0% Entry 2

The framework reads distribution. Smart money appears to be selling into strength. Institutional holders may be rotating out. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen (70). The risk-adjusted return profile shows excellent risk-adjusted returns.

2026-07-02 Distribution $6.03 Entry 1

The framework reads distribution. Smart money appears to be selling into strength. Institutional holders may be rotating out. Ethical screening: PASS with passing ethical screen (70). The risk-adjusted return profile shows excellent risk-adjusted returns.

Each entry above was written on its date, before the outcome. A journal you can prune is not a journal.

The political ledger · congressional disclosures

Disclosures naming MB
DatePoliticianPartyTypeAmount
6 May2026 Dave McCormick Republican buy 500K–1M
30 Mar2026 Alan Armstrong Republican buy 1K–15K
3 May2024 Tommy Tuberville Republican sell 1K–15K
29 Oct2024 Tommy Tuberville Republican sell 15K–50K
27 May2026 John Boozman Republican buy 1K–15K

What holding actually paid · price plus dividends

If $1,000 had been placed · historical, not a promise
PeriodPrice thenPrice returnDivs per share$1,000 becameTotal return
1 month $6.95 -15.5% · $845 -15.5%
2 months $5.71 +3.0% · $1,030 +3.0%
3 months $5.78 +1.7% · $1,017 +1.7%
6 months $6.50 -9.5% · $905 -9.5%
1 year $6.31 -6.8% · $932 -6.8%

Historical returns from market close data. Past performance does not guarantee future results.

This entry now belongs to the ledger. Whatever MB does next, these words stay.

Masterbeef Group · MB · Markup · $4.03
Recorded 2025-12-31 · before the outcome · scored mechanically

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