Anyway the Indian Government is behind all of them

Also with the current target price.of RM1.....the analysts have already discounted the power plants altogether and is reflective of only its construction and its commercial buildings and other assets...if you ask me...so its basically a bet on whether the power plants will generate $$$...and thats the bet in my opinion

Thanks Alphabeta...need time to digest...but noticed that Chartisgarh was designated as a low risk Discom. that's where RKM Powergen is and RKM had already sorted out their coal supply very early. Also noted that there are certain areas pointed out to be not requiring/has excess electricity at the moment... must check if Chartisgarh is 1 of them..which I think is not. Finally, I don't think RKM, with the help of Mudajaya, will face any further financial constraint as the 4 power stations are already built/completed. Any impairment in investments in associates, as to its value, have/should have been taken into consideartion by their auditors and its value have already been adjusted downwards...Just my 5cts worth!! Additionally... the report is 8 months old and as comissioning is underway means the state authority has approved additional electricity supply and will pay for it. They (the state authorities) have already contracted for it so to speak. I am no analyst on the matter and can be wrong...and why are the owners/directors not sellng their stakes...if the comapny is in such dire straits???

Lets just hope we make up some of our losses...God willing.

Even if they did...u can't blame them for what they encountered in India...i.e the red tape, protest and the like.

Grace123 it is known to all the FYE 2015 will probably show a loss or at best... a breakeven performance...what is more important is the operation of the billion ringgit power stations. Net asset per share currently stands at 2.03..take off RKM investment in associates of about RM700 million still about 1.20 to 1.30 per share in my valuation. By the way the above name and 400523 are the same...1 from my h/p and this from my desk top. I know u were hurt bad...so was I. Mudakaya did not promise you and I anything...lets blame ourselevs and not the whole world at large...including Konn and gang. I know NTA is not the only financial indice to look at...but just giving an example...a perpective...so to speak..so that we don't grope in the dark.

They should make me a non exec director!!!

Its been a long wait...I was around even during the rights issue 1 for 3 or something like that and when floated RM4 something came down to RM 3 something...I was around when Fairfax started buying at RM 2 and pushed it to 2.50 in 2 days.Waiting for about 5 years now I guess!

If indeed the 2 power stations are running....I think I have a good chance of getting some money back...definitely!

paperlane the downgrade is because the review of the SUKUK debt was due and as there was no official news on the start of the 2 power plants...plus slow recovery on project replenishment...they had no choice...but A is still better than B or C. Anyway the analyst did mention some positive reasons to keep it at A/ Positive stating rising book orders and impending start of power plants...amongst others...Anyway...I am not sugesting anyone follow me...cause I am a loser!

Just hope to get back my capital thats all!!! Will be the happiest man in the world just to get it back!!!

Too impatient to be in the stock market I guess. But I am now I am throwing my final bullets into Mudajaya

Yes I did 70 lots @1.14. But before you say anything...I have lost more than 312K in the last 2 yrs...so please...I am no brainy investor ok.

don't look at me....frightened of you lah..Amazing Grace

I think the news of the power plants running is fuelling the buying now...

Up again...hopefully stays that way!!!

23rd Feb'16 is FYE'15 reporting day and probably the mgmt will officially update on the power plant progress. Believe me, there are very smart big institutional investors just waiting.

Don't think the public is aware of the start of commercial operations of RKM 1 & 2. Whilst RKM 3 & 4 scheduled to operate in 3 month intervals from now. The results of FY15 does not really matter...as long as their billion ringgit project is finally bearing fruit. 1.14 looks awfully low given current circumstances in my opinion!

greddym3...very kind of you to share. Appreciate it...sharing is caring for your fellow investors...who are mostly everyday people trying to cope with rising costs.

make or break situation

Few eggs in 1 basket...the other also dead loss SKPETRO another 100K loss there!!!! cannot recover so cut loss. Mudajaya is only possibility of a big recovery of at least 1/3 of total losses....

No lah...not greed ..got 3 kids studying...no idea how to finance

Greed I guess...now in hindsight

Don't want to talk about it...too painful and embarassing. EPF $$$

By the way, I lost more than 100K on this counter...so I am not asking anyone to buy...plse

No need to wait 3 yrs bro...

was supposed to contribute/add RM70 million to profits per annum...that was calculated a few years ago...now RM down...but so is RPS.. so maybe same. Plus construction/rental income. If they bag part of the MRT project 4 to 5 RM possible within this year...better shut up before grace 123 murders me!

Bro...if the 4 stations running at full steam 3.50 lowest

I know u guys are laughing at me now...but I am going crazy that the 2nd station is COD!!! I am now on borrowed $$$

Anto the former CEO is also indian and he is still keeping his shares although he retired.That's a good sign

Who do you think is taking away jobs worldwide because of outsourcing. Look the guy is not known as the warren buffet of Canada for nothing.

Bros & Sis...they are selling to the state authority lah... yes Prem Watsa is an Indian. 15 years ago 40% of the CEO's of the fortune 500 companies had indian CEO's. Wake up guys!

Oh yes ...latjiu...thanks a million for sharing!!

yes yes!!! this will be the year for Mudajaya...maybe they will announce on the 23rd of Feb'16 when 2015 full year results are out! I also read something about that in the govenment website about unit 2 due in Feb'16. See my post on the 20th of Jan'16 before I was shot down by Grace 123. Come on Grace...smile a bit!

latjiu ...very kind of you to share bro!

My dear Amrata...if you wish to help provide info...please check out the facebook page https://www.facebook.com/pages/Rkm-Powergen-Pvt-Ltd/187594171443016. about the COD as provided by latjiu. Your info above ...everyone knows bro!!!

I don't know how to access facebook bro...anyone can help to verify brother latju's findngs???

latjiu..kindly re-confirm as COD in google means...The commercial operation date is defined as the date after which all testing and commissioning has been completed and is the initiation date to which the seller can start producing electricity for sale (i.e. when the project has been substantially completed).

yabadabadooooooo!!!

Last bullet will be for my head

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

Hope you guys are wrong this time...

Sleepless nites again since buying again recently...

I just knew I am going to "kena" from you guys!!! Can someone in Mudajaya please come to my aid and advise power plant situation???

Please...I am not advising a buy just sharing ok...takut lah!

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.

Alfonso...simple...I checked the Bursa announcements. It's no secret.

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.

Yes Grace I will buy somemore

Have to average, leverage and what have u? Really testing counter. Those who can tahan wins big. 1.16 sei for

Ngong Jor

May I ask what are u doin in this Mong Jor counter?