That is just an estimation, we will need to see the final figures later on, just trying to tell you your 240m/30 year is not the correct calculation only....

@nicholas99, the 600m is the total project cost to build a 100MW facility to power the railway, the actual revenue we will not be able to calculate yet as they are still pending the conclusion of a definite agreement, we need the tariff rate per KWH to know how much can they earn then only we will be able to calculate. What i do know is that freight railway services typically operate on a 24/7 basis, so assuming the demand load is at 80% of that 100MW with a tariff of around 0.2/kwh, that is Rm 384k per day of revenue, Rm 11.52m per month, Rm 138.24m per year of revenue, assuming a 10% profit margin that will be Rm 13.8 net profit to be split among the consortium, these are just some estimation.

@Eagle77 bro the news is from 02/06/2022…….

Wow where did u get this updated list of shareholdings ?

@eagle77 but ecrl also more than 1 year still no approval yet isnt it abit fishy?

I think 8c should be bottom, because on the 14/12/2023 there is a 38m dbt at 0.077, but no announcement made so im guessing that is mustakim’s margin shares trnasfer to own account, so means cannot let it drop further else will get force selling

@Eagle77 y r u still so confident on this stock AR also got delayed

but reneuco has never been a sarawak counter b4 and its chairman dato mustakim is a sabahan if i'm not mistaken

What is the TP @newbie9893

Got rumors saying first week of jan will fly big

Leta do some numbers here:

1) hydro from Assb will contribute around 10m per annum assuming the plants operate at 90% efficiency with a profit margin of 25% at a FIT of 0.243 kwph (total 29000 kw)

2) LSS4 in pahang will contribute around 7.8m annually assuming 6 hours of sun per day with 80% efficiency at a FIT of 0.18 kwph (total 50000 kw) and 50% profit margin (less costly to maintain solar farms compared to hydro)

Reneuco will get a recurring income of 18m roughly per year. ECRL requires how much power? It should be in excess of 1GW or maybe lesser i cant be sure but it would be recurring income as well….. any epcc win now is a bonus

But i think this time it is different base on volume because az has no funding he is not a powerful operator, he just tries to take over cheap companies to run

Think everyone knows he was the operator for scib bintai mgrc n possibly reneuco but he may have been kicked out from reneuco now

So why is he still posting about reneuco

Is azerai still inside reneuco?

Agree, hence i never comment on price action, what i know is, Reneuco just completed the acquisition of 3 operational hydro plants in sabah today with a FIT of 0.25 kwh, with this we can know that the annual revenue contribution from these 3 hydro will be around MYR 7 million, 5m will go to Reneuco annually, this will be recurring income stream from today onwards, They stil have LSS4 in Pahang which is coming online this month and that has a capity of 50mw if based on the same FIT of 0.25 that is another 11m recurring income annually..... thre is 1 more Hydro plant in Kedah to which reneuco is building, and do not forget about ECRL IPP... now all they need to do is bag a few EPCC projects to get construction income we should be good to go

since Friday last week it has been on downtrend and everyone is panic selling including contra players, only operators are collecting, so today's sudden surge means it is just left to right pocket......they are pushing up building volume....

The 318 million of shares listing today is at 0.22, so i guess 0.22 signifies something.....should be nicely from here on.... Govt committed to operating ECRL on Jan 2027, which means reneuco n citaglobal has around 3 years from now to build the power plant to power ECRL so the contract award should be anytime soon ....... that is the reason why Citaglobal partnered with Genetec as well, because they need the batteries to store excess power to ensure power reliability

From today onwards, Dato Mustakim will own around 26% and MOF will own around 8%..... the day b4 there was a DBT of 33m shares at 0.07 i wonder who got these shares....... advance payment for big projects? hehehehe

Fly next week?

good news always there, just that operator controlling the movement i feel....
by right this stock with ECRL and so many contracts and projects, it should not be anything less than rm 1

not 0.8 ke>? how come downgraded to 50c

the new 318m of shares listing tomorrow dy at 0.22....my guess is the price had been holding around this lvl for so long due to this acquisition, if they move up the share price b4 the acquisition is done, there may be certain quarters complaining..... so after this listing maybe it is really time to go....somemore the acquisition is completed b4 ECRL projects comes in i think maybe it was timed......... after this acquisition reneuco will get a steady recurring revenue of 5 million from the hydro plants

Cita and reneuco both falling only scib up

i guess the superglue will be there until the 318m of shares get listed at 0.22

Still long way to go from SCIB man..... btw yesterday got DBT at 0.077 around 30m shares......i wonder what is that for

After this acquisition and the shares listed. based on current NOSH, Dato Mustakim will own 25.7% while MOF will hold around 8.3%

sini ada old link as summary, in short, Reneuco acquiring ASSB with 20m cash and 70m in shares, out of these 70m shares, got a portion goes to MOF, so MOF will be new substantial shareholder, https://www.businesstoday.com.my/2022/10/19/reneuco-enhances-assets-ownership-to-119-5mw-through-acquisition-of-adat-sanjung/

by this week?

no la.....Reneuco's acquisition of ASSB will see MOF as a new substantial shareholder because MOF is an investor in ASSB. So the new shares issued to MOF will make them own around 8% i tihnk

MOF will become 1 of the substantial shareholders after today guys

ASSB's acquisition has just been completed.... so the shares will be issued to their chairman and no reason for the share price to stay weak anymore

New ministers sworn in, ECRL IPP approval can come soon?

he just posted that date on his story, didn't mention about reneuco, but previous few days he posted about the AL....so am still not sure how is he related to reneuco, since everyone here said he is no longer d operator of reneuco

oh no, Mr.AZ posted 1/01/2024 on his IG story, goreng date? is he stil the operator for reneuco?

Deputy Natural Resources and Sustainability Minister: Datuk Seri Huang Tiong Sii, reneuco's shareholder,

Yesterday got DBT 13 million shares at 0.165

Is the timing this year? Next year ?

Actually as long as agm approve related party transaction then will not have conflict of interest…..

U have no idea how patient and long ive been inside this counter

@civicfk8 the same sarawak tycoon is also inside reneuco

Oh eagle eagle can u tell me how long do we need to wait for 0.8

@Eagle77 these r construction works, reneuco is involve in power generation and since it is an independent power producer project government will not provide funding, reneuco and cita has to look for funding thenselves, the article u just shared is for EPCC jobs

So is reneuco’s operator the same as scib? Scib seems like gameover coz their backbone is gone now

So their intention in scib since the begining is just to goreng up and earn? Not to take over the company for long term expansion ? RENEUCO’s projects all came by themselves wor

Wow abg jo’s son n his people left scib……. What happened are they coming here?

"Soon, the ECRL project will involve the construction of the electrification, signalling and telecommunications systems for the operation of the passenger and cargo trains,” he said at the ceremony to instal the first ECRL track at the Section 10 ECRL Station Site in Gebeng here on Monday (Dec 11). Electrification is the ECRL project we are all waiting for now, so if construction is suppose to begin soon, the LOA shoudl not be far away

can both of them deploy their funds and come in whack up the share price like scib? LU 2days!!!!!

what is target price by end of this week ?

@Eagle77 i believe in u!!!!!!! but please pm me some info!!!!