is the disposal of power plant a worth decision instead of getting the 30Mil per year which is expected only in 2017? the different of book value and current valuation is stated 0.4 Bil and this is already closer a lot to the current market cap of 0.5B...someone may be can enlighten me.
previously buy this counter due to their determination to stabllise their income source by diverting to power plant. Now intended to sell when the plant almost start to generate income?? what type of decision making of management team?
what u expect to buy this company if no income issue ? projects income contribution is take for longer time n not about few months . we can c today this counter price .. but human always like to gambling n challenge can go lower or not .. Power plant became huge losses. who dare to take over if u r business man . only 1 way . sell with the low price .. good luck
I still have some interest in this counter though I have given up (no holdings). Not to buy I have no more $$$ and have retired from the stock market which I have lost somewhere around RM370K...so my views may be useless. Just points for investors to consider in my view. Total cost incurred until now i.e. total cost to build the power plants and repayment terms/issues with banks (are they the ultimate winner i.e. banks). Another big concern is delay in plant 3 & 4. Even if all running...are there any buyers? At what price? Is there a oversupply of power in India currently? Have RKM Powergen covered all the contract costs overruns with the principals??? Will the income generated from the power plants go to the banks to repay the ballooning costs? Can RKM Powergen/Mudajaya sell the plants? Almost 60% of all the companies worth is in the power plants.....just my 5cts worth....
Not easy to decide and make $$$ in the stock market even with price at RM1 ya?
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....
400523
736 posts
Posted by 400523 > 2016-09-05 12:23 | Report Abuse
Even if Fairfax takes over....it will be on their terms not Mudajaya's...