Europe cutting use of Oil and looking for renewables. Obviously there will be a re rating of this renewable energy company. K Power is making money, even the last 2 Quarter when the accounts are under microscope. Company is also obviously up for takeover by any group. At a market cap of only 242m, this should be happening soon.
For those that says karim is not in kpower anymore, do check your info. If I am not wrong, I think Serba has 50% stake in OHP, and OHP has shares in KPower. So, not completely out. Unless Serba sold their shares in OHP too. need to double check to confirm.
@kfbusjd, as you are a shareholder in this company, I'm confident that you will be able to answer the following question.
In October last year, Kpower was stating to their shareholders and the market in general that they had an order book of Rm1.9 Billion in RE contracts.. This figure was also quoted to an IB who used that amount to write an investment report on the company in October 2021.
In January this year, the company is now stating that their RE order book is Rm1.158 Billion, a reduction of ~Rm750 Million. That is quite a massive discrepancy, three quarters of a Billion Ringitt of orders just "vanished".
So @kfbusjd, as a shareholder, are you able to inform the i3 forum where the orders for Rm750 Million went to? If not, I am sure that as a shareholder you will be calling them tomorrow to ask this very pertinent question.
I look forward to your reply, as I'm sure that you, as a shareholder are very interested to know why the October 2021 reported order book dropped by such a massive amount. Any comments from other shareholders on this "missing" Rm750 Million worth of orders would also be appreciated.
as long as this company still can make profit and post out its annual report then everything is just fine. I agree that that billions worth of projects are just fake one. But you do remember, Karim no longer a big holder in this company. And this company successfully secured some projects by its own without karim. As long as annual report can come out and company still making profit, it is undervalued, isnt it?
@TreeTopView, contract value will keep reducing as the company completes the contracts, if u read their latest QR u can see contract assets have increased by around 70m which is about 10% profit margin on the 750m of contract completed, do you guys expect contract values to remain stagnant over the course of business? Surely they will complete and the values will reduce right ?
That is because of timing of recognition, that is why park it under contract assets for now because contract assets are work performed and delivered partially but thwre r parts that r still work in progress and hence not realized under revenue, EPCC companies recognize revenue base on progressive billing, u can google up contract assets and read abit
@JustForFun123, my original post was made to point out an anomaly between the company's stated order book over a three month period. As you appear to be a shareholder you have every right to defend the company's stated figures, however your reasoning unfortunately doesn't hold water.
We are talking about a Rm750 million discrepancy here. I doubt the company has even produced a total revenue of Rm750 million in the last ten years.
As a shareholder you have every right to contact the company and ask the question. I think that might be more beneficial than jumping at shadows trying to find your own reasoning. I hope they give you a satisfactory answer, as I would be very interested to also know.
I'll leave that in your capable hands. Best wishes.
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Qqqqqqqq111111
102 posts
Posted by Qqqqqqqq111111 > 2022-03-08 21:31 | Report Abuse
Buy buy buy all innnnnnnnn