Fairfax can buy over fund the completion and wait for returns...like they have done for so many companies in the world...only hope...but at a what Price to shareholders? At least yheres a return and possible bailout for Mudajaya...and perhaps the only way out...my 1ct worth

Their indian counterpart RK Powergen Pte Ltd is just a front in my opinion. All hope lies in Mudajaya..does the state government have any responsibility on financial issues of the project overruns?????

Even with all 4 power plants running...it was estimated that it would contribute rm70 million per annum only..now interest expense already how much per month? Moreover the calculation was based on sale of power long time ago...at what Price? Just my 2cts worth...getting cheaper.

Despite having just 26% equity interest...they could have stood as guarantor for entire borrowings just to clinch the...then "lucrative Indian power plant deal" could have done this because they are the main people involved in the construction having had the. experiance. Also to ensure the clinch the deal

Should be under notes to the accounts under contingent liabilites in the annual report. Required by Most accounting standards...definetly in Malaysia

Big question....did mudajaya gurantee the Indian power plants entire borrowings despite owning just 26%...????

How did such a huge volume oh shares get sold this morning...who is selling??? Other tha retail investers? Mulpha?

If banks cant wait...liquidation will take years...that is what is at stake here in my opinion.

The power plants do have value...but still incomplete and dono if banks can wait...dono if state govt can buy over...or sell to fairfax who have the financial clout.

Nobody knows if there were clauses in the Indan Power contract to safegaurd against delays cost overruns etc...also power purchase agreements...

Now that is a positive sign. They must be cock sure!!!

Thanks Cherrie!

In other words take of completely the investment in associates from the calculation of its nta

Fair price?

Bro if I am not mistaken..in simple terms...if you revalue its properties and liquidate without getting a cent from the indian power plants investments...meaning pay up all liabilities...you would probably get back current price per share I.e. Rm1

You loose your pants

Analyst always get it wrong...when getting better downgrade.when down ask to sell when up ask to buy and result investors loose money

Pray for me guys...borrowed money!!!!

Keyed on 42k @ 1.13.Huat ah!

Thanks greddym3!!! Tomorrow buy some more hopefully below 1.14

AA2 from AAA3.

Just type Mudajaya RAM ratings in google Malaysia. Some dumb analyst

RAM downgraded Mudajaya sukuk debt on 10Feb16Also in Bursa announcements.Chnce to get below 1.10 guys