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Koon Yew Yin A big desperate seller sold Mudajaya and I bought more than one million shares at about Rm 2.40. Now Mudajaya is my 2nd largest holding. I am so sure to make several millions soon. I think the desperate seller must be tired of waiting for Mudajaya's Indian power plant completion which has been postponed a few times. I was told that the 1st 360 mw will start firing up before end of July and all the 4 units will be completed before year end. The CEO will make the appropriate announcement when the 1st unit is operational. When all the 4 X 360 mw coal fire plants are completed, Mudajaya will have an additional about Rm 70 million guaranteed profit per year for 25 years. I was told the desperate seller is from Credit Suisse which is a world-leading financial services company, advising clients in all aspects of finance, around the world, around the clock. As I said before, the computer is like God. It will tell you that 95% of fund managers cannot beat the market index. Now johnny cash do you believe Credit Suisse or KYY who was the original founder of Mudajaya? 03/07/2014 17:41 ---------------------------------------------------------------------------------------- Mudajya profit for 2013 and 2013 was 151M and 237M respectively. The Rolling 4 Quarters Profit was 134M. Based on Mr. Koon info, there is highly likely that MUDAJYA's profit will have a huge increases of 50% with the expected 70M profit from Indian Power Plant. 03/07/2014 18:08 03/07/2014 18:09 ,,,,,,,, I was told that the 1st 360 mw will start firing up before end of July and all the 4 units will be completed before year end. The CEO will make the appropriate announcement when the 1st unit is operational. ,,,,,,
1st 360 mw will start firing up before end of July....
whoever expect above....what is future of Tua/mudajaya ..i also confuse liau...ahmoi said going to fly ..johnny said sure boh .........so my neck panjang panjang ....wana sell or no need
This guy is a substantial shareholder of MMC and Mulpha. And lately Mudajaya has acquired two subsidiaries from him, Piala Tebrau and Indah Kirana (purchase of remaining 1,000 shares out of 4,000 shares of Indah Kirana).
And coincidentally, Straits Global has re-emerged as a 5% shareholder of Mudajaya Group Bhd in May, before the acquisitions were made.
Nothing much can be found about this guy, as well as both the subsidiaries sold to Mudajaya... He may or may not be acting on some mastermind's behalf.
Koon Yew Yin A big desperate seller sold Mudajaya and I bought more than one million shares at about Rm 2.40. Now Mudajaya is my 2nd largest holding. I am so sure to make several millions soon. I think the desperate seller must be tired of waiting for Mudajaya's Indian power plant completion which has been postponed a few times.
I was told that the 1st 360 mw will start firing up before end of July
and all the 4 units will be completed before year end. The CEO will make the appropriate announcement when the 1st unit is operational. When all the 4 X 360 mw coal fire plants are completed, Mudajaya will have an additional about Rm 70 million guaranteed profit per year for 25 years. I was told the desperate seller is from Credit Suisse which is a world-leading financial services company, advising clients in all aspects of finance, around the world, around the clock. As I said before, the computer is like God. It will tell you that 95% of fund managers cannot beat the market index. Now johnny cash do you believe Credit Suisse or KYY who was the original founder of Mudajaya? 03/07/2014 17:41 ----------------------------------------------------------------------------------------
there is news that tenaga signed power agreement with 1MDB and mitsui. I remember reading somewhere mudajaya is partner/consultant to mitsui in building power plant. if the true, mudajaya will benefit from this news.
Titus, the job 3B was already awarded to Mitsui 3-4 weeks ago or so. The only hopeful for mudajaya is the first firing or the coal plant in the India comes this July 31, 2014. If this takes place, then the price will be stable. Any further delay could cause the share price to spiral downwards. Sell while you still have legs to do so.
Angiepretty Upside for mudajaya is arguably not possible given that the company has failed to replenish its book order.
22/07/2014 22:41
Nothing is impossible in bolihland :) I can feel it's coming. the feeling is getting stronger and stronger each day. In fact the feeling is so strong that all Mudatidor sharesufferors will get some $$ on Sept 5 but u must be onboard before the 6th of August :)
Progress made on the 1MDB power plant project is a big positive for tuajaya. Winning the construction and technical consultation parts of that project will set tuajaya, not for life, but at least 2, 3 years ahead.
Could the recent purchase of a weird RM 2 subsidiary be for signing of this 1MDB power project??
well, i try to learn and trade based on charts/TA. news sometimes or i will say i experiences since end of last year, cant depends on fundamentals and news... more over, ppl tends to sell on news.. buy on rumours.. now we are having news not rumours?
haha time is $$ and $$ is time... i had loaded at 2.89.. too far away and my bad for not having stop loss as had too much faith in the muda.. but .. sold 50%, wait until the engine really confirmed running.. then we will see
Reference is made to the announcement dated 28 October 2013 (Reference no. MG-131028-51097), the Board of Directors of Mudajaya Group Berhd ("Mudajaya") is pleased to announce that the acquisition was completed on 23 July 2014.
The acquisition is expected to contribute positively towards the earnings and net assets of the Group for the future financial years.
The following announcement is dated 28 October 2013:
The Board of Directors of Mudajaya is pleased to announce that Mudajaya Power International Sdn. Bhd. ("MPI"), a wholly-owned subsidiary of Mudajaya Corporation Berhad (“MCB”), which in turn is a wholly-owned subsidiary of the Company, has on 26 October 2013 entered into a Share Purchase Agreement with Windelsey Inc to acquire 4,000 shares of capital stock of Php100.00 each in Amihan Energy Corporation (“AEC”), for a cash consideration of Php26,400,000.00 (Philippine Peso Twenty Six Million Four Hundred Thousand Only) (equivalent to RM1.9 million) (“the Acquisition”). The Acquisition resulted in AEC becoming a 40% owned associate of MPI. The balance 60% share capital in AEC is held by Windelsey Inc and Visayan Wind Energy Holdings Corporation respectively with the shareholding of 30% each. AEC was incorporated on 19 May 2009. Currently, AEC has an authorised share capital of Php1,000,000.00 comprising 10,000 shares of Php100.00 each with the issued and paid-up share capital of Php1,000,000.00 comprising 10,000 shares of Php100.00 each. AEC is a corporation duly organized and existing under the laws of the Republic of the Philippines, the primary purpose of which is to maintain, operate, establish and manage energy power plants and structures for the supply of electricity and other utilities either by water, wind, sunlight and other natural means and resources. On 30 October 2012, AEC entered into a Wind Energy Service Contract with the Republic of the Philippines through the Department of Energy (“DOE”) whereby AEC is given the exclusive right for 25 years from the contract date to explore, develop and utilize the wind energy resources within a designated contract area of Eighteen Thousand Two Hundred Twenty Five (18,225) hectares situated in the province of Cebu, Philippines (“the Project”). MPI has also on 26 October 2013 entered into a Shareholders’ Agreement with Windelsey Inc and Visayan Wind Energy Holdings Corporation to jointly undertake a wind energy project involving the development of up to 200MW Wind Energy Farm in the above-mentioned designated contract area through AEC in phases over the next 5 years with an initial development of up to 50MW. Pursuant to the Shareholders’ Agreement, the offshore portion of the Equipment Procurement Works and the Operation and Maintenance Contract in relation to the project shall be awarded to a nominee corporation of MPI based on the terms and conditions to be agreed upon. This Acquisition is not subject to any approval from the shareholders of the Company. This Acquisition is not expected to contribute to the earnings and net assets of the Group in the current year but is expected to contribute positively towards the earnings and net assets of the Group for the future financial years. None of the Directors or major shareholders of Mudajaya or persons connected to them has any interest, direct or indirect, in the Acquisition.
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....
AhMoi
5,802 posts
Posted by AhMoi > 2014-07-17 08:10 | Report Abuse
Came in oh so recently..... This should boost confidence by 300%