https://klse.i3investor.com/blogs/infoanalytics/226274.jsp

The way i see it, Although the government negotiated with Gamuda ... The project model is no more PDP, its Turnkey model, so Gamuda eventually need to find JV partner, due to funding restriction ... even 22.5b is too big for Gamuda ... Previous closest tender was Gamuda-MMC-Gkent

Simple Math, Correct me if i'm wrong
LRT3 Total Project RM11.86 billion
MRCB - GKENT 50:50 (Turnkey)
Project Period 2018 - 2024 (6 years)
Project halted with 10% completion

Moving forward when LRT3 resumption (expected 2nd half of the year), what will u expect, just a rough calculation, of course it's arguable on margin due to Retention / Performance bond, but benchmark Turnkey contractor is about 8-10% margin. Deem re- engineering, will be higher margin.

Rm11.86 billion / 2 (50:50) / 6 years = One year turnover about Rm988 million

1Q turnover = Rm244m turnover added
8% margin = Rm79m earnings added a year / Rm19.7m per quarter
10% margin =RM98.8m earnings added a year / Rm24.7m per quarter

Dont forget this
1. Balance MRT2 1B project till 2022 turnover about Rm166m / year for 6 years
2. Hospital 2x project - 277m + 365m , turnover about RM160m / year for 4 years
3. Metering average - 140m anual turnover with over 20% net margin

And do not forget, potential catalyst of project coming in, Klang Valley Double Track, HSR, ECRL, MRT3, PTP penang. GKENT got what it takes to be among the potential winners ..

Gkent going to get Bandar Malaysia smart meter ... Orderbook more than 5 billion, market cap only 700m+ ... Dividend yield 5+% near to 6% .... anyway this company has a net cash of over 200million .... have u seen such construction company with no gearing / debt at all ? interesting ....

https://klse.i3investor.com/blogs/infoanalytics/202258.jsp

Wuzy, first of all the idea of Private placement is to reduce the Bank borrowings, but does it means that they are not capable of servicing the debt ? The answer is, not necessarily. It's normal practice for a company to pare down their debt to a level of comfort as per-advised by auditor and sponsors. And do u think Banks and Borrowers are stupid enough to provide them with such facility, knowing that they wouldn't be able to service it ? Sour puss

Antoniomc27, I'll ask my friend to ask Dato Cheong on Bidor and Tronoh, as im not sure about that ... I'll email to them as a shareholder as well

Nonsense lah Wuzy, the terminal already achieve 90% of its completion, and whats next is the CCC and thus operational. I don't understand where your so called "rights issue" idea come from ... All the construction cost been fully paid for by the loans they got. Earning Bump will be in 2019 and 2020, income expected from the tenant and also advertising. Don't like, don't invest, don't dig a hole and bury yourself with your self enhanced taught. Cheers