Yea, EPS for the latest Quarter Report is just 0.62.

But hopefully more and more projects will be launched and announced as they come, then it will bring back some life to this counter.

On a side note, I just read about the MOU between Mudajaya, the government of Myanmar, and KYY. Apparently KYY is helping them to set up a coal-fire or solar plant in Myanmar and their agreed shareholding would be Mudajaya 70%, KYY 30%.

I am sure KYY knows what is going on behind the scenes more than everyone here. Since end of May he has increased his shareholdings of Mudajaya from 6m shares to more than 9m as of end of July.

I will continue to hold and be patient.

A wholly-owned subsidiary of Mudajaya Corporation Berhad, which in turn is a wholly-owned subsidiary of the Company has accepted a Letter of Award from Amihan Energy Corporation (“the Employer”, a 40%-owned associate company of Mudajaya Power International Sdn Bhd, which in turn is a wholly-owned subsidiary of Mudajaya Corporation Berhad) to undertake the Offshore Equipment Procurement Works For 62MW Wind Energy Farm in Cebu, Philippines (“the Project”).

The contract sum for the Project is USD118.8 million (equivalent to RM375.4 million). The commencement date of the Project shall be 2 months from date of Notice To Proceed given by the Employer whilst the completion date shall be 18 months from the commencement date.

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

http://www.theedgemalaysia.com/business-news/304587-flash-mudajaya-secures-us118-mil-contract-from-40-owned-associate.html

They are being abit too ambitious. Or should i say, too aggressive. Those who know what they have under planning will know.

Such a good time to do shopping :)

This company is hungry for expansion. The negative side to this is that they are in dire need to raise cash and capital from investors.

They are trying to do something big in the coming six months. To me they are asking for too much upfront capital from investors without a proven track record in their new company. Yes, everyone can say they have proven themselves in SP. But I still reserve judgement until solid results are delivered.

I do not like the prospect of yet another round of cash-raising.

Maybe PublicInvest realized that they haven't accumulated enough of Mudajaya shares. So downgrade abit for short term.

Once firing starts then new report, upgrade with higher TP: "MUDAJAYA: BREATH OF FIRE". Hahaha.

Most important is to make your own call.

EPS for Q1 of last year ending 30/6/2013 is .31, the lowest of all four quarters of the year.

As long as there is no big surprise like a loss or anything, I am confident that the fundamentals are still intact.

wonder, mind to elaborate further about the rubber estate?

I'm just surprised that he would announce that "Hey, I'm gonna buy more shares at RM.40-.45 and if i have more than 33% i will need to make an MGO."

Normally people just buy and increase their stake until it reaches 33% and make the MGO call, no?

Maybe I'm not familiar with bursa's rules.

As first the price might seem low but big shareholders who want to cash out can't do so via the open market as the substantial volume will drive the price down.

I think the reason he made the announcement is to make the price lower so he will have a cheaper MGO. Normally, the party who has already acquired 33% of shares would directly notify bursa of their more-than-33% stake and announce the impending MGO.

Let me know what you guys think.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1716257

So Dato' Chong is looking to buy shares from certain parties for between RM0.40 - RM0.45. He will probly have more than 33% on his side soon, triggering an MGO.

What are the short term implications for the share price? Anyone willing to share his/her opinion on this? Thanks.

GKent has a good track record of getting big ticket projects. I have faith in Tan Sri TKH to secure more projects.

I am also very tempted to take profit now, but this will be one of my long term counters.

DJDJ, this counter will welcome the funds' invasion haha

No worries, selloff due to players got burnt by PDZ, Sumatec, Marco and other penny counters. Stay steady.

To those who are still unclear about Mudajaya's dealings in India and its related setbacks/delays, here is a link with a video explanation:

http://www.themalaymailonline.com/money/article/stock-watch-mudajaya-group-berhad-will-coal-block-fiasco-scupper-its-chhatt

People fear of the unknown. The delay is not as scary as you think once you have a clear picture of what's been happening behind it.

Hope this helps clarify.

Exploding... exploded ;)

It should be a perfect closing, last few minutes...

Profit-taking is happening, let's see how it ends today.

Looking forward to any significant announcements...

I meant the buy and sell queue is low volume.

Volume is so low today.

kktom, already leased out almost all of the retail lots. If you go back to old posts in this forum you will see the list of retailers that have been confirmed to operate in Imago.

Today seems like a Members-Only private sale. Those who know had the chance to shop.

This counter is a roller-coaster... My buddy just had lunch with one of the board members and was told of a target price this counter will hit in the short term.

Considering to take a small bet... Hmm....

I think those who bought prior to the correction is now unloading the shares as it is rising a little.

Hopefully it will continue its march forward tomorrow!

Let's see how far this soldier can march from today. Hope my source of info is correct.

FX Lee, I'm not a chart expert.

But you said long body. A body that has the length of half a cent is considered long?

Busy shopping. Carnival sales lol.

jackjack, ESOS is claimed by eligible employees. They can exercise their rights to purchase the company's share at an attractive price, as an incentive/reward to employees.

I wouldn't say the company is "selling" the ESOS because ultimately only employees who are qualified may opt to exercise their rights to buy.

Assuming they just sell off the land at RM15psf, the 91.367 acres will bring them RM42m in profits.

RM42m profits is more than 12% of their current market cap. The paper profit translates to around 4.2 cents per share.

Sounds pretty good to me.

This transaction means that AsiaPac has acquired the Semenyih land for RM4.40psf.

EcoWorld paid RM10.50psf for 492.66 acres in Semenyih just last month.

http://www.theedgemalaysia.com/business-news/297267-eco-world-buys-semenyih-land-for-rm35b-township.html

SP Setia paid RM13psf back in 2011 for 673 acres in Semenyih.

http://www.theedgeproperty.com/news-a-views/8424-s-p-setia-acquires-673-acres-of-land-in-semenyih-for-rm4billion-project.html

Of course the exact location will be key. But at less than half the psf price paid by EcoWorld and SP Setia, do you guys think this deal will be profitable when launches are made??

Whether this announcement is positive of negative is quite apparent.

Congrats to GKent!!

JKing, i thought so too. Should be interesting once rumours start to surface...

HJey, good point. From what I currently know they provide financing to businesses. I will check out further regarding this proposed synergy and update accordingly. Cheers.

http://www.theedgemalaysia.com/highlights/301175-four-shortlisted-for-water-pipe-contract-in-pic-hl.html

Is this what Tan Sri TKH meant when he said re-entry into O&G?

I guess it means that the company has sold 1,785,400 shares that were previously held under Treasury shares.

This means that percentage of public float of the shares is higher. Unless the shares were sold to a controlling shareholder, but then they would have had to make another announcement for that. So i would take it that the company has sold off the shares to the public/someone and raised RM6.26m.

Please correct me if I'm wrong, thank you.

Just to share with you guys, their strategy now is to have their property arm to spearhead its group businesses.

They intend to use property to further drive its credit financing business, which is the most profitable of the group. They see an opportunity to create value there when banks are tightening loan approvals for buying property. I like the direction that this company is adopting for now.

Hap Seng will launch a new condo project along Jalan Tun Razak by end of this year to early next year.

Location is next to Singapore High Commission.It will be a positive catalyst to its share price.

Have you factored in the new net asset per share value after the revaluation? It's not that much, just 13 cents per share.

Good point on the price after bonus issue. 2.3 I feel is based on current performance. If there are new projects or new catalyst then it'll be a different figure.

Cheers!

As long as entitlement date is not announced, I feel the speculators will remain bullish.

Good thing that GKent is holding up well today. Given that the whole world is in the reds.

Argentina default, Dow down, last trading day of the month, Raya holiday, Friday...

tlbeng, entitlement date is not decided yet, right?

Too fast too furious...

Hope it can sustain.

Let's keep our language professional and not provocative or insulting.

Everyone is free to share his/her beliefs and promote one's ideas. Even if taking a jab at someone makes you feel better, it won't make you rich that's for sure.

So even if you're frustrated at your investment choices, you pulled the trigger, you made the decision. Be responsible on your choice of words, my friend. Thank you.

Still two more months before Q3 lapses.

Already delayed for many years, delay few more weeks is ok? Haha...

http://www.theedgemalaysia.com/business-news/300718-george-kent-eyeing-re-entry-into-oag-sector.html

O&G!? Hmm...

Where did you get that info from? Any ideas when the announcement will be made?

Someone just bought 300,000 warrants at .365. People sell because of uncertainty.

Let's wait for the management to announce the sale price and what are their plans for the proceeds.

lawrencelim, that was a good article. It means that the whole thing is about to takeoff.

Thanks, mate.

Consolidation from previous high price, plus uncertainty over the proposed sell off of the main business = PANIC SELLING.

matakuda, Uncle K sudah lama cakap end of July dah.

Was just wondering if your friend has a reliable source to confirm Uncle K's forecast.

Will wait and see if there is indeed an announcement as you mentioned. Thank you.

Panic selling today.