1. The current price is low. The company shouldn't be selling its Treasury shares in the market.
2. There's not enough Treasury shares to declare share dividend.
3. If the company really have to do something with the Treasury shares, then I guess the likeliest is to cancel these shares.

My best guess is the company will keep buying Treasury shares in the short term. Maybe if until almost 5% of shares issues, then we can start to speculate a share dividend.

No buying appetite even with better Q1 results.
Because investors know the better earnings is not sustainable, given the slipping BDI. Maybe as low as RM1.60

Let's admit it. This management sucks big time. The management does not know how to replenish jobs by winning contracts. This management does not have business sense.

Brace yourselves for another leg down. Those people or big boys who have speculated and bought on the way up in the hope of cashing out after the listing of POSH... these speculators still have not finished selling their stock yet.

Going back to 1.60?

Sad. I enter at 1.89

Yea, later on the Director lose alot of money betting on World Cup, so have to dispose more shares to settle the gambling losses. So... expect the directors to keep disposing until after end of World Cup.

Sigh... looks like I have to cut loss. I cannot hold any longer because of margin call, and also I need the cash to pay my house. I had planned to sell when the price reached 2.9X when the news of test fire power plant come out. But the test fire keep delay and delay and delay... until now I have no choice but to sell shares to pay for my house. Initially the plan was to test fire last year August, but dragged on until now still haven't test fire. I had waited for the delay for more than 6 months. Cannot wait anymore. My greed has backfired on me. Have lost amount about 6 months my take home pay.

No matter how you look at it, the MD and the whole management team is incompetent.
1. If the management knew there would be delay for about a year, but kept sugar coating it by saying only 3 months delay, then another 3 months etc.. this means the management is lying.
2. If the management genuinely believed that the delay was only 3 month, then this means the management did not foresee further troubles that could cause further delays. Lack of foresight and risk management.
3. Lastly, the management failed to take preventive and corrective actions early on to avoid and shorten the delays.

One word sums up this team. They are not business savvy people.

Posted by me yesterday, "16,000 lots sold by investors and already 8 send down... another 184,000 lots to be sold by investors in the next coming weeks/months. Price coming down further."
In the last 1 1/2 trading days, less than 1% of shares sold down. Already almost 20 sen down. I predict about 4% of the shares will be sold down. Until now about 50,000 lots. Possibly another 150,000 lots will be thrown by the big boys in the coming days or weeks.

All shareholders lets come and vote to have the company liquidated. Then can get back more than RM3 if can sell the assets and contracts away.

Big boys selling.

16,000 lots sold by investors and already 8 send down... another 184,000 lots to be sold by investors in the next coming weeks/months. Price coming down further.

Correct! This company got problem. And the problem is the MD.
Just like Manchester United, the problem was the manager. So the board had to do the right thing which was to sack the manager, and they did. Now, we should sack the MD for his incompetency. If he is competent, he would have been able to resolve the India power plant and operate without delays.

First they say delay 3 months, then delay another 3 months, now delay another 6 months.... After 6 months, maybe they will say... "Sorry, another 3 more months delay". There is no end to the delays and delays. This contractor cannot meet deadlines. So if you are a customer, will you award contracts to a contractor who cannot meet deadlines? This company is losing business to other contractors.

I hate this company and all its delays. This management SUCKS BIG TIME!!

I wish this company will close shop and sell all its assets. The Realised Net Asset Value (RNAV) is more than RM3 even after a 40% discount to the RNAV. So this company is worth more dead than alive.

I think this is what is most probably is going to happen and explains why Directors are consistently selling their shares. The order book is depleting. No new contracts. When the order book has finished and completely depleted, then Mudajaya will close shop. The end.

All of us can go tidur. No eye see.
Wake up only when the company starts earning higher profits.

phyroxus, all i know is somebody is selling. but i don't know when the selling will stop.

For the past few weeks now, can clearly see somebody trying to distribute the Mudajaya shares. The seller tries hard not to push down the price too much. The seller would replenish the sell queue whenever the sell queue thins. And then at the end of the day, the seller would try to push the price up back to its previous closing price. In the hope that the following day the seller can continue to distribute around this closing price.

Any idea which big boy is selling this stock? There seems to be an unlimited supply of stock between 2.65 and 2.75.

If India power plant can delay for one year, then don't you think there's a possibility for India power plant to delay two years, or maybe even three years? Maybe they need another 2 years to complete the India project instead of another 1 year.

Of course there's lots of selling pressure even though there's the 1MDB news. Because the order book is depleting with no new projects to replace the completed projects. So, earnings will be low for the next few quarter results.

"Wong said the first unit would be commissioned by the third quarter of this year, and the other three units to be commissioned in stages soon after."

http://www.thestar.com.my/Business/Business-News/2014/03/03/Construction-outfit-tipped-to-be-prime-beneficiary-from-RM11bil-power-plant-job/

Fark... 1st unit Commercial Operation Date is in 3rd quarter?

I got a feeling government will only announce the award to 1mdb after the kajang by-election. Because don't want to give a reason for opposition to use to attack the government.

RHB analyst:
"Mudajaya expects the COD for Unit 1 of its 4 x 360 megawatt (MW) greenfield power plant in Chhattisgarh, India, to be in 1Q14."

Sure or not? There's only 1 month left in Q1. Enough time to test fire successfully and COD or not.

Why this government taking so long to award the contract to 1mdb?

Bad report. EPS dropped more than 50% Quarter on Quarter comparison.
Plus... the company has no more cash!!

For project track 3B, which bidder wins the project would be better for Mudajaya?
YTL or 1MDB?

This company is ...... hopeless.
I have run out of patience waiting for the test fire of the first phase of the power plant in India.
Been waiting since June 2012 last year.

Yea, accumulate now. Sell after Chinese New Year. Big fat angpow.

Yes, definitely poor earnings will continue in 2014.
Projects coming to completion, no new projects = no new earnings.
Delays in India = new recurring earnings is delayed.

Is this one of the worst years for Mudajaya?
- no contract win for the whole of the year
- poorer earnings vs previous year
- delays, delays, delays

The bond is for failure to adhere to the schedule of 1st unit of the power plant?

Maybe in March 2014 they will delay test fire to Q2 2014, and then delay the full commission of all the balance 3 units to Q1 2015. Based on Mudajaya's track record, this is the likeliest scenario.

Seems like everybody here is jumping the gun. A good earnings by subsidiary does not guarantee a good earnings by the parent company. If the other divisions in the parent company is performing poorly, then the overall earnings will be muted.

When's the test fire of the first phase of the India power plant?

Anybody know when is the test firing of the first unit power plant? I remember reading a report the test fire will be in November.

Eh ... Director selling.

I bought at 2.09.
Thinking of averaging down.

Anybody have any links to research report on the palm oil industry?

I am specifically interested in factors that influence the palm oil pricing.

I'd like to understand the direction of this industry, whether it is a fast growing, slow growing or sunset industry.

I bought into KFIMA because my analysis shows this company is undervalued. But the stock price has only move downwards instead of moving upwards. I wonder if my analysis is wrong.

Is the India Power Plant construction contract denominated in Rupee or USD? If the construction income is Rupee, then will have impact, correct?

What do you guys think of the earning report released yesterday? How come the trading volume is so low after the earnings report? Is it because the earnings report is within expectations? The shortfall in earnings vs previous year is expected?

So,... the listing price per share is less than the $6.50 paid. So.. is this good or bad? If the listing price is less than $6.50 then can Maybulk sell it back at 25% premium?

Next month is quarterly request annoucement right? Do you all think the company will announce another interim dividend?

Probably the surge in price is because of a report by HL analysts.

http://www.hlebroking.com.my/v2/news/download_research_b.asp?file=RH130712-2.pdf&Heading=Oil%20and%20Gas%20(12%20July%202013)

So, RKM Powergen is not part of NTPC? After waiting for NTPC to settle with CIL, now we need to wait for RKM to complete negotiation with CIL?

Anybody went to the AGM? What was the door gift or free gift?

OMG,.. I put in fresh cash to cover the margin call. Now it's already burned and tomorrow I will get margin call again.

OMG. Margin call.

I average down until no more $$ to average down. My paper loss almost wipe out my gains after GE13.