Whitewarriors WHY cant fully paid project consultant fee 44 mil b4 even project start? Its aft all norm practices of the industry rite? Just look at Penang government 4yrs before 7 billion Undersea tunnel project till nw havent start yet...but oly paid consultant company 305 million + 1500million state land....so believe same no issue on Nexgram rite? A penang state government cant do tis, i dont see any wrong on Nexgram....unless u say penang doing wrong?
White warriors as you say, if its a good project why delay?...so r u saying penang government 7 billion undersea tunnel not a gd project also ? It has been delayed for 4 yrs n not even started yet......
Myangkasa project b4 Selangor government not given approval...i guess undertable money not enough??...bcoz of their greed causing nexgram retails investors loss money? Which kind govern is tis?
nvm .... 1. the projects are still with nexgram.... this is the fact. 2. nexgram got I think 15-18 million cash on hand... this is also fact 3. sensorlink and transeaway --- I think these are the 2 good investments.... 4. blue hills --- wait for another 3 months and see the projects ..... 5. overall, again, is the mgmt. wants to do the job honestly. This company at the share price of 4 sen.... is with a lot of uptrend. However, unless they want to play hanky panky, nobody can avoid that.
Penang gov paid to consultants for project study and submitted to Federal gov for approval. Because it under the sea tunnel. Nexgram just a small Co. compare with Gov mega project....Orange compare with Durian...how to compare. And clementlee u also not in property industry. Nexgram the consultants fees payment for what study....any report to proved that ??? Normal mixed development what to study so expensive consultants fees ?? The consultants fee RM44mil about 4.4% from the GDV. It show very high fees. And it not included Architect, C&S, M&E, QS, Planner and Surveyor fees. Solely for project management fees RM44mil.... Really can't acceptable.
1. The project definitely can not commence.....because Cyberview starting to call back the land. 2. Nexgram still owing a lot of creditors.....more than RM20mil, can see from the accounts. 3. Sensorlink and transeaway tender for work also didn't mention under Nexgram group....because of Nexgram they miss out a lot of opportunities in the market. 4. Bluehill.....more worse.....will find out more detail how to disposal of steel bar money and converted to buy bluehill co. ( coming soon interesting story ).
Overall all the while the announcement said concentrate in property was false statement.... How about Putrajaya Project... no news ( will tell your the latest news).
All white or black or chocolate warriors so kiasu fast sell 3.5 lor. Free market you like you buy else sell. Talk so much. Being waiting 3.5 so long still cannot get. Got balls sell all lor to 3.5.
Volume.....just window dressing......... If really can move up .....end of last year already up. Volume because moving own shares from left to the right pocket.... Project development also can hold for 2 years.....these can con you for another 2 more years.
white warrior ur statement is wrong ....undersea tunnel project is purely under penang state government control and jurisdiction control ....no need federal government approval ..that's why penang option for undersea tunnel project ..coz they can decide themselves ...but nw want to change to 3rd bridge ..which is above the land , and this, confirmed need federal approval ...
white warrior you said this ...Nexgram the consultants fees payment for what study....any report to proved that ??? Normal mixed development what to study so expensive consultants fees ?? The consultants fee RM44mil about 4.4% from the GDV. It show very high fees.
4.4% for you is already consider high fees, then look back at the penang undersea tunnel project feasible study cost of at least 305 million, is it far above the 4.4% , and is 5% ! ...
so, if penang government given such 5% high fees is no problem, then why back to nexgram of only 4.4% there is a problem ?
very curious why white warrior keep monitoring this hopeless counter and not worth to observe counter ? he either too free and nothing to do ...or u is the one try to putting all bad side of nexgram ?....
The RM44mil for project management fees only, not included architect, C&S, M&E, QS, planner and infrastructure. Some the steel bar for the project.....where got development to purchase the steel bar or lock in the price and FULL payment RM17mil before the steel bar delivered. Why not im arrange it for you than you paid me 1st, until your project kick start then Only deliver to you. I'm out it in FD for 2yeras also got interest. These must be in own pocket.....the inventory just window dressing.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
clementlee
443 posts
Posted by clementlee > 2017-01-11 07:58 | Report Abuse
Whitewarriors WHY cant fully paid project consultant fee 44 mil b4 even project start? Its aft all norm practices of the industry rite? Just look at Penang government 4yrs before 7 billion Undersea tunnel project till nw havent start yet...but oly paid consultant company 305 million + 1500million state land....so believe same no issue on Nexgram rite? A penang state government cant do tis, i dont see any wrong on Nexgram....unless u say penang doing wrong?