Since 17th May until 4th June, rkm unit 1 only able supply average 245MW to UTTAR PRADESH, far less than 350MW as per PPA. They had tried to supply 334MW on 17th May but latter soon break down because their machines can't stand long to run at over 92% capacity. That's the main reason why I sold all Mudajaya shares with satisfied profit. Hope I am wrong and good luck to you all.
This powerplant project in india, they should sell it off to different parties..do not not know, what actually is the truth, cause this company is a TIGHT LIP COMPANY, will never share the truth with the retailers, only will share the real truth with their choosen Clan only, within their groups only.. after they had eaten much flesh on the bone, they will leave a little for the public retailers...that is the reason they will buy first without any announcement first, then when the announcement comes will be late, cause the stock already reach to support levels
After all this red tape probelms with india, why still they are continueing the powerplant project..always they like to venture overseas business, thinking that they will get a higher margin profits..actually they should pay more attention to our local projects, eventhough the margin profits is not that high...but now is already late, they cannot backup from this indian project, cause already got deeply committed with it.. AGM is coming, surely they will be preparing a dance drama there again
Overseas can cari makan not easy to be detected by mcca. N'ext day write off as investment loss like Philippine. As our freind said second turbin cant stand 92% capacity in long run. To me détective turbine which having quality issues.
" Meanwhile, Lee said Mudajaya is expecting to add another RM1 billion worth of construction jobs to its order book, which was at RM2.2 billion as at March 31, 2017 before the year is out "
@Ehl1964 u're right definitely.. i went to the AGM.. the board said they are cleaning up the accounts and mess and move on from now on.. and they are expanding their precast business.. and securing 1billion more construction jobs and secure more PPAs.. so we jus hope thats really coming true.. however i am still not trusting all these until all these are secured! RKM is still a big bomb though.. they have not denied that
@kenxs, no i did not went...surprise to hear, now only they started to clean the accounts, were they sleeping before? They are still not telling the truth to normal retailers...they actually should pay more attention on selling their indian powerplant project..they are just wasting their time..
The dirty shit, powerplant project, was handed over by old management to the latest management headed by james bond wong... They have no choice, but still have to continue the shit indian project..they the present management, still has to swallow the shit, weather like it or not
So now they the latest management, has no choice but continue swallowing the shit till the indian shit is completed, then i am very sure they are going to Sell this lump of indian shit to other victims
The quality of the indian powerplant project is not good, facing a lot of expensive technical issues...this slowly will built up as losses...but they are not telling the truth to masses during the Agm.. very very tight lip company..the truth only known by their choosen Clan group..to the public at large they are lieing....
They are saying the indian project has no affect on their cash flow, even if they remove the indian project it has no impact on their cash flow..this all are just big fat lies....even research houses are still staying far from them, not putting at all the counter on their radar screen... Research houses also knows, this company is actually not telling the truth......this counter if there is a pickup, going to be very very very long time from now
The best sign to wait, is when research house start covering up this stock, or putting it on their radar screen...but it is not happening now...another question, is they already having huge debts, how they are going to moob up this lump of shit
Stupid. Every second situation n conditions change, we have to act accordingly. I never ask ppl buy above 1.15 and I suggested to sell above 1.60 last week when the laosai rkm failed to supply 350MW to uttar PRADESH. Only some idiots told ppl to push up price together to 2.50 after I had warning rkm conditions is unpredictable.
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....
johnny cash
6,400 posts
Posted by johnny cash > 2017-06-10 17:04 | Report Abuse
Hope in due time, more research houses will come in, to start covering up this stock on their radar