That was my speculation.I dont think the authority will give a licence for them to take profit outright as they are the originator and promoter of the project.If this were the case,the future for Tadmax would be great and this excitement in its share is proof of the industry they should be in jointly with property construction and development.As the leading partner they could also have a share in the huge construction contracts to build the power plant thus ensuring steady income while waiting for the huge harvest from power.That way,its share price should attract lots of interest like Jaks and MFCB
Good to link every move to kyy and hope for a big jump in share price.other reasons could be at play too like sale of their papua new guinea 200,000 acre jungle land which they have paid 200 million for it or they are proceeding with the power business with a minority stake which even at 20% or a share of 240MW is as much as what MFCB is getting from 80% 260MW ,200 million profit a year for 21 years after completion
What a nonsensical logic.KYY is not like you or me .when he wins,he wins big.So if he is just going in the 30s ,why the panic.let it go up by 30% first and still can get out before KYY,who need lots of volume to go in and out
may be they are not selling 100% power biz.away bcos gomen may insist they keep 20% as promoter not allowed to proft just like that.This is very bullish for the share price.It is going to catch up with Jaks 0.90s
If the moronic directors are forced to keep a certain % in power biz and the bank is successfull to raise the 4 billion sukuk for the project ,Tadmax is sure to chase Jaks and when completed to chase to MFCB level of 6.00
Davidl,it is a tall order to get to 40c when it move by half a cent a day and reverse the next day.People will not follow and how will it go up unless the insiders buy up every shares on sale
Steady31, u r right but did u notice that de price was well supported by an invisible hand upon healthy correction recently? Glove stocks PE more than 100 but Tadmax only 7?? Think about it!
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newbird33
176 posts
Posted by newbird33 > 2020-06-24 09:11 | Report Abuse
Not privatized but selling power plant at good profit.