I don't understand why the market is so frightened of the Private Placement that will take place. It is only a very common practice for the company to raise fund via PP for expansion. The market is over response.

The illustrated price in their proposal is RM1.88

ya, Fairfax is currently holding total 78,702,500 shares which is 14.62% of total outstanding shares of Mudajaya.

Direct shareholding means Company B owns xx% of Company C
Indirect shareholding means Company A owns xx% of Company B, and Company B owns xx% of Company C. So, the holding of Company A in Company C is called indirect shareholding. Correct me if I'm wrong.

so their current average purchase price has dropped to RM1.6577

Hi 10bagger10 & latjiu bro, I have compiled and calc the average cost of Fairfax on Mudajaya is RM1.6659.

Thank you, appreciate that =)

Hope so. They are capable to give out more dividend.

My first RM100K was achieved 3 yrs after graduated, most partly from saving since I was eighth till I work for 3 yrs and small part from stock market.

Maybe his meaning is if you're old age (eg.>75), making RM100k in those old days were very rare. As RM100k in 50's-70's have big different from now. The pay for graduates is much lower than now, and thus the time needed for saving of initial capital for investment would be more. It's not easy and so rarely can make RM100k in 3 years.

it's a shame. these Analysts, MD,...what we so called, the knowledgeable persons has no integrity. They should go back primary school to study Moral with kids.

Agree with kltan, so there will be another impairment on POSH in nx financial year

I don't know whether is good/bad to enter but I have entered at Rm1.10 yesterday. The net assets at Rm2.05/ share, all bad news has already been priced, it's surely undervalued now but just don't know when it will recover.

Somemore the acquisition of Tropicana land 1.5 years ago was funded by borrowing. Mayfair Ventures may temporary suffer losses due to interest expense and development cost before sales come in and Mudajaya is sharing 49% of it.

Anyway, Ghazie seems want to change the adoption of accounting standard in the future

May the RM10mil loss from associate partial contributed by Mayfair Ventures, the JV with Thriven Global?As the development of Lumi Tropicana is on going, it may be the cost of property development. As they are currently using IC15 in account recognition, so the the sales will be recognized only when the project complete.

angel with broken wings

Flying into the sky

I believe the sale proceeds will be partially used to redeem its bond which will mature in 2017. The remaining will be used to its venture in new business, eg. Property if there is any opportunity.

I think it's only a matter of time Mudajaya will recover since they have won some projects and are tendering for few projects. Even without India IPP, they can easily make profit as long as they have stringent and good control on its construction cost. That's why one year ago, they rather sat without having any project and wait for big projects with better profit margin rather than small one. Now the main concern is only the available cashflow whether allow them to have ample of time to resolve all issues. They are still financial solvent which can be seen from its RM640mil available issuance limit from its RM1bil MTN programme and the capability of raising fund via rights issue to support its opex and capex. So, as long as the issues are not prolonged, Mudajaya still have chance to recover.

http://www.kitguru.net/components/hard-drives/anton-shilov/sales-of-hdds-will-decline-in-2016-producers-will-have-to-cut-hdd-prices-analyst/

The fact is that the HDD unit demand has declined and the projected sales by the company remain flattish in the next few quarters. I guess the share price moved up 2 months ago was the reflection of the favourable USD against MYR. Now with the appreciation of USD has been priced previously but the sales is projected to be flattish, this maybe why the share price cannot surpass RM1.00 with lack of catalyst. This is only my personal view.

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Cropped from Analyst's Report for sharing
================================

ISIN Code : MYL4502OO000
Group : Media
LT P/E : 9.2
Sector : Broadcasting & Entertainment
LT Growth : 6.3%
Market Cap : 0.34
Div Yield : 7.9%
G/PE Ration : 1.55
Vol1M : 30.9%
Beta : 47

1. Global Evaluation-->Positive: The stock is classified in the positive zone since 19/01/2016.

2. Interest--> 4/4: Very strong interest since 19/01/2016.

3. Earnings Rev Trend--> Analysts positive since 20/10/2015: Compared to seven weeks ago, the analysts have raised their earnings per share estimates. This positive trend began 20/10/2015 at a price of MYR1.29.

4. Valuation Rating--> Strongly undervalued: Based on its growth potential and our own criteria, at its current price the stock is strongly undervalued.

5. MT Tech Trend--> Trend neutral but previously positive (since 19/01/2016): The stock is currently trading close to its forty day moving average (changes between +1.75% and -1.75% are considered neutral). Prior to this (since 19/01/2016), the stock traded above its moving average. The confirmed Technical Reverse point (Tech Reverse - 1.75%) is MYR 1.35.

6. Four week Relative Performance--> 2.7% vs KLCI: The four week relative over performance versus KLCI is 2.7%.

7. Risk Zone--> Low: The stock is classified in the low-risk zone since 05/01/2016.

8. Bear Market--> Very defensive positioning during market declines: On average, the stock has a tendency to minimize the drops in the index by 0.6%.

9. Bad News--> Slight market sanction in case of specific pressure: When the stock's pressure is specific, the market sanction on average is 3.5%.

10. Mkt Cap in $bn--> Small-cap: With a market capitalization <$1bn, MEDIA PRIMA BHD is considered a small-cap stock.

11. G/PE Ratio--> 1.55 >40% discount to expected growth: A "Forecasted Growth + Estimated Dividend Yield/ Estimated Price Earnings" ratio higher than 1.5 indicates that the stock's price presents a discount to growth >40% in this case.

12. LT P/E--> 9.2 (Estimated PE for 2017): The estimated PE is for the year 2017.

13. LT Growth--> 6.3% (Current year to 2017) annualized estimate: The annualized growth estimate is for the current year to 2017.

14. Avg. Nb analysts--> 14, Strongly followed by financial analysts: Over the last seven weeks, an average of 14 analysts provided earnings per share estimates.

15. Dividend Yield--> 7.9%, Dividend is not sufficiently covered by profits: The twelve month estimated dividend yield represents 72.1% of earnings forecasts.

16. Beta--> 47, Low sensitivity to KLCI: For 1% of index variation, the stock varies on average by 0.5%.

17. Correlation--> 0.15, Weak correlation to KLCI: Stock movements are totally independent of index variations. Value at Risk 0.21 MYR: The medium term value at risk is estimated at MYR 0.21 or 16.4%. The value at risk is estimated at MYR 0.21.The risk is therefore 16.4%.This value is based on the historical volatility for a medium time period (1 month) with a confidence of 95%.

http://biz.sinchew.com.my/node/130403?tid=18

The market is still fragile. Will the results be good?

There should be a reason but they have stopped recently.

Not sure the dividend can be maintained as last year?

You're right! Sinchew is my dad's spiritual food. He needs it every morning. All my chinese neighbours are long term subscribers to either Sinchew/ Nanyang and read it everyday.

Why said so paperlane4444? They have completed the COD in Nov 2015.the profit is coming once everything is stable.

http://www.chinapress.com.my/20160111/%E3%80%8A%E6%98%8E%E5%A0%B1%E3%80%8B%E6%AF%8D%E5%85%AC%E5%8F%B8%E9%A3%8630%E5%BE%8C-%E9%A6%AC%E6%B8%AF%E4%B8%96%E8%8F%AF%E5%AA%92%E9%AB%94%E4%BB%8A%E5%90%8C%E6%AD%A5%E5%81%9C%E7%89%8C/

I guess is good news because the share price was moving up yesterday.

The company has highlighted in latest FY2015Q4 that the HDD sales for the subsequent quarters remain flat. There's no explosive sales but the HDD demand remains robust being forecast . The significant increase in net profit was due to favour exchange rate. In fact, the sales was slightly dropped but offset by favourable exchange rate.

Hope it will go higher soon ^_^

never heard of any take over news. Only heard of they are looking for M&A to enlarge the company to further improve the revenue & profit.

the actual power generated remains as 55.45MU since 01 Dec 2015.

http://cea.nic.in/dailygeneration.html
(Pls click on "Sub-Report 2" and look for "Uchpinda TPP")

As per status updated in the Daily Generation Report since 01 Dec 2015, Uchpinda Power Station has stopped generated power since 01 Dec 2015 after COD on 26 Nov due to non-stabilised. I believe the power plant has been fired but still not yet stable, maybe this is the reason Mudajaya doesn't want to announce the news yet.

YKY Investments Ltd, whose sole director is 59-year-old Yong Yoon Kiong, the founder of JCY, a low key malaysian billionaire.

Will MEDIA be benefited if valuecap injects it's first 6bil to the market by end of this year or beginning of nx year?

where got? it's still like dead fish today.

They denied already. Aiyah! Should buy MEDIAC in HK not Bursa one.

Profit in share of results of associate in P&L.

By pro-rated basis

some more Mudajaya hasn't announced this good news yet. The market is still waiting Mudajaya to confirm.

i think not flying till the profit from the firing is recognized in account first.

Mudajaya used to announce the status of its MOA/ JV agreement after the financial results released in the past few years but this time not yet till to-date. Maybe the new company secretary doesn't follow the old one. No way to know the India power plant whether is fired.

I guess will be announced after QR out. Mudajaya likes to announce good news after QR out

http://wrpc.gov.in/occ/477OCC_MINUTE.pdf

It drops a bit today. It's a chance to accumulate now.

Dear investment friends, of course in short term, Mudajaya will not perform on lack of catalyst. However, with now all bad news are reflected (financial in red, nearly completion of existing projects with no or little jobs winning, delay in India project, political issue, depreciation of MYRUSD, costs overrun), I couldn't find any more bad news will drag its share price further unless crisis happen. So, in mid term prospect (next 12-36 months), it can be foreseen that Mudajaya will be better from now due to:

1. New jobs winning (local construction works or overseas power plant construction possibility from Cebu, Philippines)
2. Pending commercialization of India power plant
3. Coming profit from its JV property development with Thriven Global (Lumi Tropicana), GDV RM750mil was launched in August 2015. Mudajaya with 49% controlling interest, which profit will be recognized in account upon completion in 3 years.
4. Recovery from its overrun costs which is believed with substantial amount

If the India power plant is successfully commenced, it will turn to be a crown gem for Mudajaya in long term due to the recurring profit generated from it. As I know, recently RKM Powergen has successfully refinanced its loan which is almost default in payment due to the delay.

http://www.theedgemarkets.com/my/article/mudajaya%E2%80%99s-india-power-plant-gets-ground

No matter what, I am confident that the management will do their best to drive the company to a better future since the management is the largest owner of the company. The current downtrend which may last for few quarters may only be temporary due to slowdown of economy growing in mainland and also local.

Dear Mr.Koon, a million thanks for your sharing of your secret. It is very helpful for a young investor like me. Your noble sentiments of being generous and selfless is worthy for respect.