midzurll19 Can anyone explain what's up with the WB waterfall when the mother hardly moves? Why is it that the WB price cannot trail the mother closely? Is there any particular reason?

https://www.investopedia.com/trading/using-the-greeks-to-understand-options/

Delta, Gamma, Vega and Theta

Because Vega and Theta of the WB is on declining mode. It's Delta and Gamma also lost momentum

http://www.theedgemarkets.com/my/article/mudajaya-keen-1mdb-power-assets

http://economictimes.indiatimes.com/industry/energy/power/adani-power-gmr-energy-bid-for-all-coal-blocks-reserved-for-power-sector/articleshow/46114811.cms

start climbing....but volume still low.... something is cooking in the kitchen?

wait for christmas present，year end should rise above rm1.80 to maintain its market value of above 1billion. If upon successful commence India operation, then the unrealized investment amount can be recognized as profit. It net asset value will hit above rm2.50.

http://www.nanyang.com/node/664666?tid=678

http://www.thehindu.com/business/Industry/cbi-to-probe-role-of-vijay-darda-in-coal-scam/article6617674.ece

http://www.thesundaily.my/news/1213931

there is significant unrealised profit under investment in associate。 the unrealised profit can be recognised as gain in income statement upon successful firing of relevant unit。 refer to the notes to audited financial statement for more info。

This is the link for financial clearance.

Stock: [MUDAJYA]: MUDAJAYA GROUP BHD

Jun 20, 2014 09:59 AM | Report Abuse

Many india projects are holding up due to financing issues. If the construction completed, loan repayment should begin. Banks also worry about bad debt issues.Therefore, a lot of projects are holding up. I think the above announcement will help RKM Powergen to complete the project at its soonest possible.


Stock: [MUDAJYA]: MUDAJAYA GROUP BHD

Jun 20, 2014 09:51 AM | Report Abuse

http://economictimes.indiatimes.com/news/economy/infrastructure/government-clears-investment-hurdles-gives-go-ahead-to-seven-projects-worth-rs-21000-crore/articleshow/36847309.cms

http://coal.steelguru.com/india/16910/panel_recommends_green_clearance_to_fatehpur_east_coal_mine_in_chhattisgarh

http://www.livemint.com/Industry/xRFqGNPb7FGz5hr6JP2MAJ/Panel-recommends-green-nod-to-Fatehpur-East-Coal-mine.html

Secure some procurement and maintenance work contract with the completion of acquisition.

The following announcement is dated 23 July 2014:

Reference is made to the announcement dated 28 October 2013 (Reference no. MG-131028-51097), the Board of Directors of Mudajaya Group Berhd ("Mudajaya") is pleased to announce that the acquisition was completed on 23 July 2014.

The acquisition is expected to contribute positively towards the earnings and net assets of the Group for the future financial years.



The following announcement is dated 28 October 2013:

The Board of Directors of Mudajaya is pleased to announce that Mudajaya Power International Sdn. Bhd. ("MPI"), a wholly-owned subsidiary of Mudajaya Corporation Berhad (“MCB”), which in turn is a wholly-owned subsidiary of the Company, has on 26 October 2013 entered into a Share Purchase Agreement with Windelsey Inc to acquire 4,000 shares of capital stock of Php100.00 each in Amihan Energy Corporation (“AEC”), for a cash consideration of Php26,400,000.00 (Philippine Peso Twenty Six Million Four Hundred Thousand Only) (equivalent to RM1.9 million) (“the Acquisition”).
The Acquisition resulted in AEC becoming a 40% owned associate of MPI. The balance 60% share capital in AEC is held by Windelsey Inc and Visayan Wind Energy Holdings Corporation respectively with the shareholding of 30% each.
AEC was incorporated on 19 May 2009. Currently, AEC has an authorised share capital of Php1,000,000.00 comprising 10,000 shares of Php100.00 each with the issued and paid-up share capital of Php1,000,000.00 comprising 10,000 shares of Php100.00 each.
AEC is a corporation duly organized and existing under the laws of the Republic of the Philippines, the primary purpose of which is to maintain, operate, establish and manage energy power plants and structures for the supply of electricity and other utilities either by water, wind, sunlight and other natural means and resources.
On 30 October 2012, AEC entered into a Wind Energy Service Contract with the Republic of the Philippines through the Department of Energy (“DOE”) whereby AEC is given the exclusive right for 25 years from the contract date to explore, develop and utilize the wind energy resources within a designated contract area of Eighteen Thousand Two Hundred Twenty Five (18,225) hectares situated in the province of Cebu, Philippines (“the Project”).
MPI has also on 26 October 2013 entered into a Shareholders’ Agreement with Windelsey Inc and Visayan Wind Energy Holdings Corporation to jointly undertake a wind energy project involving the development of up to 200MW Wind Energy Farm in the above-mentioned designated contract area through AEC in phases over the next 5 years with an initial development of up to 50MW.
Pursuant to the Shareholders’ Agreement, the offshore portion of the Equipment Procurement Works and the Operation and Maintenance Contract in relation to the project shall be awarded to a nominee corporation of MPI based on the terms and conditions to be agreed upon.
This Acquisition is not subject to any approval from the shareholders of the Company.
This Acquisition is not expected to contribute to the earnings and net assets of the Group in the current year but is expected to contribute positively towards the earnings and net assets of the Group for the future financial years.
None of the Directors or major shareholders of Mudajaya or persons connected to them has any interest, direct or indirect, in the Acquisition.

http://www.theborneopost.com/2014/07/17/designers-give-people-their-hearts-desire/

Many india projects are holding up due to financing issues. If the construction completed, loan repayment should begin. Banks also worry about bad debt issues.Therefore, a lot of projects are holding up. I think the above announcement will help RKM Powergen to complete the project at its soonest possible.

http://economictimes.indiatimes.com/news/economy/infrastructure/government-clears-investment-hurdles-gives-go-ahead-to-seven-projects-worth-rs-21000-crore/articleshow/36847309.cms

It should be a good news, pending official announcement of civil work award to mudajya. If construction have to start this year, award of civil work will be announced before starting. I think the announcement will be made in 3 months, after workout financing of the project.

http://www.theedgemalaysia.com/business-news/292942-mega-project-mitsui-1mdb-to-build-and-run-us33-billion-malaysia-coal-power-plant.html

It more likely rebound next week. This week warrant CP expired. There are unrealised profit of about RM262m in investment in associate. It will be recognised upon the assets put in use. These represents about RM0.48 sen per share. This unrealised earning + Net Asset of RM2.25 => RM2.73.

http://coal.steelguru.com/india/15775/environment_ministry_seeks_details_on_fatehpur_east_coal_project_in_chattisgarh

mudajaya do have gearing even before the sukuk programme for raising fund this year. It's financial position show goods as the indian venture and some property investment are below 50% stake. Accounting standards allowed not to consolidate the assets and liabilities into the company financial position. So a lot of off balance sheet items we might not be able to see.

Mudajaya started share buy back once again, it could support the share from dropping further.

http://articles.economictimes.indiatimes.com/2014-01-03/news/45837183_1_transmission-network-generation-capacity-transmission-capacity

http://www.steelguru.com/indian_news/Coal_ministry_slaps_notices_on_5_power_companies_in_Chhattisgarh/330854.html

http://articles.timesofindia.indiatimes.com/2014-01-10/raipur/46065757_1_coal-mining-project-coal-ministry-show-cause-notice

I think it is the 4th unit which has not secured buyer. 1st to 3rd unit had already signed Power Purchase Agreement (PPA).

RS10.5 Crore => RM56million. @26% stake => RM14.56 million.

http://articles.timesofindia.indiatimes.com/2013-12-04/lucknow/44756212_1_up-power-corporation-limited-power-purchase-nsl-power

"The state cabinet, however, rejected L4-RKM Powergen (for 350Mw) which bid at the cost of Rs 5.088 per unit, due to its failure in meetings the commitments. Usmani said the state cabinet had decided to invoke company's bid bond of Rs 10.5 crore."

Substantial shareholders keep accumulating.... This will support the share price.

A lot of people unable to hold, yet a lot of people only willing to buy at lower price....

if you compare the 3rd quarter 2013 with 3rd quarter 2012, I think the result will be relatively bad. If compare to 2nd quarter 2013, it could be better.

borrow money now is precise choice.... inflation is estimated to significant increase after implementation of GST and price hike in petrol and electricity etc.... these result in real interest pay is actually lower....

warrant cm is expiring. these few days stock price may be pushed down by relevant parties. there is another warrant cn expiring in mid of november. Maybe a good time to accumulate this stock.

Hope that today able to set it's highest closing price. Dayang CE is trading at discount. May have a look on the warrant if very confident that Dayang will trend higher.

Konsortium Logistik Berhad's request for suspension

2.72 is the support level before yesterday hike. Today climb higher and later retreat to the previous level. No major problem, just some patient is needed.

Maybe can consider to reenter tomorrow....

sold all my holding in shares and warrants. look for correction to reenter, if any.

i think today rise is mainly due to speculation on TNB job at Manjung Perak. Mudajya should be the frontrunner for the job. If end up not able to take the job, then the share may fall back.

I think yes. However, funds will take some times to flow in maybe next week we can only see the effect.

Prepare to fly high... Hopefully pass through RM2.85 barrier

sign coal supply agreement for phase 1... tomorrow open high...?

Mudajya fly high....?

ok. noted. thanks for info, Christopher

RKM got problems on signing PPA or acquisition of land? But I remember both have settled a few years back.

http://zeenews.india.com/business/news/economy/panel-on-coal-linkages-to-meet-on-sep-13_83279.html

http://www.business-standard.com/article/economy-policy/panel-on-coal-linkages-to-meet-on-sep-13-113090400447_1.html

Dayang buy new vessel. This should be a good news to support the share price.

Recent share buy back from company and lembaga tabung haji (LTH) will support the share price. LTH acquired at price higher than current price. This trend should continue until the dividend ex-date. Look for stage recovery these few days.