Why must chinese merantau ka tempat lain?Our ancestors fought and sacrificed so much to put our roots here.We should be enjoying the fruits of success now
Doubt so, already at rock bottom.anticipate write backs on previous losses and a profit because of this.hope at least 1 power plant fully firing and good progress on rest. By year end there should be some significant progress. Everything hinges on the power plants at the moment...construct contracts are secondary now.
Write a comment..iary in India who can monitor the progress of the power plants and relay it back to him in Canada. They would'nt have pumped so much without doing their homework!
Still no news from the power plant. And the power station edy build up .... Everyday need to pay money to maintain the huge building ..., waste money !
In my opinion, all hope lies in the Indian Power Plants...concerns are....completion...operation and profitability...cost overruns for the plants....and...finance cost of the huge borrowings by RKM Powergen (Mudajaya's 24% share of borrowings). Repayment of the borrowings should have started long ago and how this was renegotiated etc are unknown. As this venture is privately funded...I doubt there are avenues to recover costs overruns. Any views? On the other hand, if the plants are successfully operational and profitable....many more similar contracts in India will be on the way and Mudakaya will be all the wiser from this experience!!! That's why at 1 time they spoke about Power REITS.
Write a comment..Taken from Bloomberg just now (just key in Bloomberg Mudajaya)...
mudajaya group bhd (MDJ) Key Developments Mudajaya Group Berhad expected to report Q1 2015 results on May 20, 2015. This event was calculated by Capital IQ (Created on May 14, 2015). May 14 15 Mudajaya Group Berhad expected to report Q1 2015 results on May 20, 2015. This event was calculated by Capital IQ (Created on May 14, 2015).
Dear Greddym3, please share how you obtained such important info on the power plants. I have been searching the net for months can't find any such info.
400523 actually you are a smart investor but how can loose 90k on mudajaya is it panic selling, contra play or something else? I m surprise to hear this
I was in long ago before the rights issue, came out and went in again much later at 2.40. so I lost a personal fortune by now. All eggs in only 1 or 2 baskets. Learnt 1 thing though, if you invested heavily in a company....you have to monitor all large investments they make and its progress especially when they invest in China or India. So many things can go wrong...politcics..protests and crazy corrupted local authorities. When the plants were delayed I should have seen the red light sign and monitored its progress. Now on hindsight...this is where I went wrong. Now its crazy to pull out especially when the plants are already completed. I give another year I think I can get back my hard earned $$$. No I am not a good investor!!!
While his supporters were busy buying last year on the beautiful first hand insider news Indian stories provided by the ex founder, he quietly sold habis habis...but again who will surprise....
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
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Posted by 400523 > 2015-04-30 14:22 | Report Abuse
logitrader I can't seem to get in...wat did the chairman have to say about the power plants etc??? Please share