Own this, own that, but still no income to reward shareholders...few years down the road if don't sell what they own, must punish shareholders by issuing rights again.
this is a company whose bosses are based in Australia. Family run through and through for their now benefit. Invested in them in 2004 , wrote to them etc tried every which way ..then just cut loss. Interest payment then were so much more than profits. Should be delisted in my view as it does not serve shareholder.
Hi PD, the damage is covered, and the business interruption will be compensated. Extract from co. announcement:
The full extent of the damage will be assessed in the coming weeks once an expert project team has arrived on the island and inspected the property. The resort will be closed while reinstatement works are undertaken with the final timing of its re-opening to be confirmed once the extent of damage and rectification are clearly known. The property is covered under a property insurance policy subject to a deductible of up to A$10 million as well as business interruption cover to protect the impact on trading results for a period of up to 24 months.
Mulpha associate Mudajaya have formally start sale power and generate profit onward over next 25 year concession. Mulpha will no longer need to make further impairment anymore, instead, it could write back earlier provision, and start contribute profit
The Board of Directors of Mudajaya is pleased to announce that MCB has on 3 April 2017, received a letter of notification from RKM stating that its Unit 1 has commenced the sale of 200 Mega Watts (“MW”) to several power distribution companies in the State of Uttar Pradesh from 2 April 2017 based on a schedule to supply from Uttar Pradesh Power Corporation Ltd (“UPPCL”) dated 31 March 2017 pursuant to the Power Purchase Agreement dated 15 March 2016. The balance of 150 MW will commence pending an approval from UPPCL subsequent to the Champa-Kurukshetra 800 kV HCDC pole and 765 kV Jaipur-Bhiwani transmission line which was commissioned recently as notified by Power Grid Corporation of India Limited to RKM on 27 March 2017.
The power sales commencement is expected to contribute positively to the earnings of the Group for the financial year ending 2017 moving forward.
I somehow doubt there were any impairment made previously in respect of associate Mudajaya. Audited accounts for 31.12.16 not available yet, but impairment based on QR 31.12.16, doubt this is Mudajaya. Therefore doubt there is any to write back.
Share investment is buy low sell high. Mulpa had issue 3 time right issue and there were spike afterward. I just buy 100 lot and predict 10% enough for me. Good luck all. Dont put all ur $$ in 1 bucket. Good luck all in this mini bull run.
Mulpha will turn into a blue chip very soon. too premature to sell. I've just added on last week....if got money, intend to top up further...aiya. ikan bilis like me-no more capital to buy
lazycat, you seems to know hng33 very well. The moment you mention, he sold all Mulpha and make his RM Millions. He is one smart trader like a professional assassin or ninja warrior. LOL
Mulpha International Bhd’s resort on the Great Barrier Reef in Australia will be closed until mid-2018 for rectification works following extensive damage caused by Cyclone Debbie on 28th March 2017.
The Hayman Island resort is covered under a property insurance policy subject to a deductible of up to A$10.0 mln (RM33.3 mln) and business interruption cover to protect the impact on trading results for up to 24 months.
damn... 24.5 .... bcos of the stupid cyclone? only 1 hotel affected, wtf so serious for mulpha? with so much assets, just sell some assets can reduce gearing...
ychong - mulpha will rebound.... last week, someone collected mulpha till 27 sen... due to the market sentiment, he drops the mission. once the market on uptrend, mulpha will shoot up.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
ktsk88
5,284 posts
Posted by ktsk88 > 2017-03-23 14:17 | Report Abuse
mulpha is hubline.........hubline is mulpha.
name is bad and no matter what they do is irrelevant.