Please don't sell those old story. Until today turbine one failed to supply power to main grid. Two weeks ago Sudahmati @ 1.46 and now only 1.20. Sudah rugi 26 sen (17.8%).
So easy to make $$$ meh? Must sweat like I am sweating now (price now 1.19)...those who buy now...wah so lucky man! Even price low...you cannot buy 1 million shares as there are not so many sellers...so they slowly slowly catch the monkey....everday buy at 1.20/1.18 jadi bukit mah!
None of the turbine up and hook to main grid, I guess no money to buy coal or faulty turbine. Trying to buy time, to have new MD to wayang. Next level will be 0.50 sen.
By a Subcontract Agreement dated 22 August 2011 (“Subcontract”), CMC engaged MCB as the subcontractor to execute and complete certain design, construction and completion of Civil and Structural Works Associated with the Balance of Plant and Construction for the Power Island for Phase 4 1000 MW Power Plant project located at Teluk Penchalang, in the district of Manjung, Perak Darul Ridzuan known as “Manjung 4” in consideration of the Subcontract price of RM720,000,000.00.
MCB has submitted to CMC, its payment claims for works done and due to non-payment by CMC and disputes arising from MCB’s payment claims, MCB proceeded with the adjudication claim for payment under Section 5 of the CIPAA. CMC admitted some of the claims, but disputed the rest of MCB’s claims and in turn, made a counterclaim in the form of a “set off” in the amount of RM61,764,311.85. CMC does not seek for a counterclaim in excess of MCB’s claims.
19th January 2016 minutes of Meeting of the Western Regional Power Committee (look in google)
I note that RKM 2 has been synchronized with grid on the 7th of January 2016
KSK 4 600 June – 2016 SASAN 6 600 COD on 27.03.2015 ACBIL(Maruti) 1 300 Commissioned on 17.04.2015 RKM 1 360 Commissioned on 28.02.2015, COD – 27.11.2015 RKM 2 360 Synchronized on 07.01.2016 RKM 3 360 May 2016 RKM 4 360 August 2016 BALCO 1 300 COD on 11.07.2015 BALCO 3 300 COD on 28.11.2015
I know you guys are fed up.... but we are so near....!!! and moreover in this meeting all major issues are discussed and nothing mentioned about problems with the COD of RKM 1. plse go into the website and see for yourself.
YOU don't understand simple english of "synchronize". Please look for expert in power industry before getting in trouble. Perhaps you have alot of sudahmati shares.
I think it's only a matter of time Mudajaya will recover since they have won some projects and are tendering for few projects. Even without India IPP, they can easily make profit as long as they have stringent and good control on its construction cost. That's why one year ago, they rather sat without having any project and wait for big projects with better profit margin rather than small one. Now the main concern is only the available cashflow whether allow them to have ample of time to resolve all issues. They are still financial solvent which can be seen from its RM640mil available issuance limit from its RM1bil MTN programme and the capability of raising fund via rights issue to support its opex and capex. So, as long as the issues are not prolonged, Mudajaya still have chance to recover.
Another agent of Antoni Ng same wordings two years ago i.e. big projects with good margin rather small one. Kalah tender cakap rubbish that is sudahmati Management style. Give another one year same old Wayang.
Agree with you, I am a born loser lah grace123. After a comeback when I tot Mudajaya was running for the sky and afraid i will miss the boat, I quickly bought 30,000 shares at 1.49 average! just around 2 weeks ago. Then bought another 48,000 shares at 1.21 to average out when it dropped so much! Now in Holland already about 15K loss included a contra in between. Now a bit smarter...waiting for 85cts!!! last few bullets. Hey, by the way Alfonso...CMC must pay...only whether full 170million or minus 60m as CMC is counterclaiming.That is about 30 cts per shareholder equivalent if I am not mistaken
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....
grace123
677 posts
Posted by grace123 > 2016-01-26 15:10 | Report Abuse
Please don't sell those old story. Until today turbine one failed to supply power to main grid. Two weeks ago Sudahmati @ 1.46 and now only 1.20. Sudah rugi 26 sen (17.8%).