Posted by stncws > 2020-02-17 00:16 | Report Abuse

ffffe

Posted by ThegreedZ > 2020-02-17 08:26 | Report Abuse

yes...20 lot...hahaha

Posted by tinkosong > 2020-02-24 17:22 | Report Abuse

TP..0.31

Posted by rocketscience > 2020-02-27 18:20 | Report Abuse

Amazing quarter and more good news tomorrow... ready for takeoff!

Posted by ThegreedZ > 2020-02-28 04:58 | Report Abuse

good QR result...ready to take off...

Posted by Davidl > 2020-02-28 12:38 | Report Abuse

Time to accumulate!

Posted by valensi88 > 2020-03-04 17:03 | Report Abuse

Look at the q depth...

Posted by Karlos > 2020-03-12 09:10 | Report Abuse

For those who intend to accumulate Tadmax, now is wonderful time. Prices plunge due to irrational panic and perhaps forced selling. Just look at its current biz. This alone worth more than current price. If you include the value of IPP, the value would be way above.

Posted by rocketscience > 2020-03-13 21:46 | Report Abuse

https://www.theedgemarkets.com/article/tadmax-executes-epcc-contract-rm33b-power-plant

Net EPS is going to shoot up very high for the next two quarters... lucky bought today

Posted by Karlos > 2020-03-13 21:57 | Report Abuse

Lucky and very good for you!!!

Posted by Investgaogao > 2020-03-13 22:46 | Report Abuse

Congratulations to all holders!!!

Posted by Karlos > 2020-03-13 23:01 | Report Abuse

Market in general likely to be bullish on Monday, Tadmax will definitely do very well to say the least. Well done to those been following closely Tadmax. Innitially and still currently Tadmax owns 100% of the Project and will sell down its ownership to 40%. Tadmax already make profit from selling its 60% stake at a premium when the project has not really started yet!

Posted by valensi88 > 2020-03-13 23:07 | Report Abuse

Holding this for long term

Posted by Karlos > 2020-03-13 23:40 | Report Abuse

Tadmax value will reach its full potential when the Plant ready for Commercial Operation by January 1, 2024.

Posted by uptrending > 2020-03-14 08:43 | Report Abuse

Karlos,

TP?

At least a 10 bagger?

Posted by uptrending > 2020-03-14 11:50 | Report Abuse

Sales of 35% of the 100% owned subsidiary PIPP to Worldwide Holding for RM58. 45 million makes a net profit of RM25. 7 million.

The Korea Power Company, KEPCO, which is going to hold 25% in PIPP will buy for RM41. 75 million, prorated. The net profit would be RM 18.36 million.

Total net profit would be RM44 million. If completed by FY20, the EPS from this alone would be 5.6 cents...

With the completion of the Metropolitan Square Project by the end of the year.. EPS for FY20 could be 9 cents..

Posted by valensi88 > 2020-03-14 13:53 | Report Abuse

Tp 50 cents then

Posted by uptrending > 2020-04-01 12:14 | Report Abuse

Just the value of PIPP, Pulau Indah Power Plant, based on the valuation done for selling a 35% stake to WHB @rm 58.4 millions, is rm167 million after discounted for 20% and 30% for illiquidity and lack of marketability. It implied the PV of PIPP with a DCF of 8% is approx Rm300 millions.

The market Cap of Tadmax @17.5 cent is only rm137M.

The sales of another 40% to WHB should be at a premium as WHB is buying a major controlling stake of 75%.

The sales proceed for 75 % stake of PIPP to WHB would be at least rm125 million, if there is no premium attached which is unlikely. This sum could be injected for Tadmax's 25% equity interest for the rm3. 3B Power Plant. With an equity to debt ratio of 20% to 80%, Tadmax's equity cash injection would be rm165 millions.

Tadmax likely would not need to raise RI and will hold a 25% stake in PIPP after selling 75% stake to WHB. The sales proceed to WHB could fetch Rm150 million if there is a 20 premium attached.

Isn't that beautiful?

Posted by uptrending > 2020-04-03 10:42 | Report Abuse

Market Cap still below the value of PIPP, rm167 M, after a discount of 20% and 30% due to illliquidity and marketability.. to arrive at RM58. 4M for the sales of 35% to WHB.

The company is now net cash

Posted by uptrending > 2020-04-03 10:44 | Report Abuse

The company has another huge asset in Papua New Guinea, 80,0000 HA of forest land for timber logging and later to be planted with oil palm.. The asset was bought in 2011 with cash of rm200+ million.

Posted by flyerteam > 2020-04-03 15:45 | Report Abuse

it seems like uptrending has bought alot of tadmax shares ahaha

Posted by uptrending > 2020-04-03 17:49 | Report Abuse

Hahaha!
I am a small fly

Posted by nickyeo55 > 2020-04-04 13:02 | Report Abuse

Mr uptrending any target ? short term n long term target .

Posted by uptrending > 2020-04-05 11:10 | Report Abuse

Just go back and check what are the costs of the major shareholders who accepted the Private Placement, settlement of the company debts with shares over the years. Check Bursa announcement on "Additional Listing.."

Can safely say that their average cost is about 30 to 40 cents a share.

Posted by uptrending > 2020-04-05 11:21 | Report Abuse

Papua New Guinea Forest land and concession in the book rm266 million, discount 50%, valued at rm133 million..

PV of PIPP Rm300 million.
Assume selling 75% to WHB @rm 150 million
Balance 25% worth rm 75 millions

Hence PIPP to Tadmax worth rm 225 million.

Property development business last year made rm 25 millions, attached a PE of 5 Times, worth rm125 million.

Total value, 133+225+125=483 millions

Value per share 483/783, 61 cents..

Again attach another 30% discount, for better MS, still worth 42 cents per share..

Now at 18 cent, very big margin of safety..

Posted by uptrending > 2020-04-05 11:30 | Report Abuse

Take the extreme lower end, since the company is net cash, assume the forest land and concession and the property business are bonus and have zero value, just the value of the power plant, PIPP @ rm225 million, gives a share value of at least, 225/783, 28.7 cent per share

Posted by uptrending > 2020-04-06 11:58 | Report Abuse

Actually I think the calculations by the company, the Present Value of PIPP @approximately Rm300 million is understated. Bear in mind that Tadmax has a piece of land in Pulau Indah, about 60 acres, is injected to PIPP as the site of the Power Plant. The land has a market value of RM100 million.

A RM3. 3B Power Plant with 21 years concession and 3 years to construct and more than 3 years to plan, only add value of rm200 million? A return of 6%?

So, I think it is understated..

Posted by uptrending > 2020-04-06 15:46 | Report Abuse

Jaks has a 30% stake in the Hai Duong 1200 MW coal fired power plant in Vietnam costing USD1. 87 B, which is about RM7. 8 B. Compare this with Tadmax's PIPP Combine Cycle Power Plant in Pulau Indah which also has the same capacity 1200 MW costing RM3. 3B.

Wouldn't Tadmax stand out?

Posted by Karlos > 2020-04-07 08:42 | Report Abuse

Actually Tadmax is in the process of exiting the 1200 MW IPP Project in Pulau Indah by selling all its interest to Wordwide Holdings and Kepco.

Posted by Karlos > 2020-04-07 08:45 | Report Abuse

Worldwide Holdings will own 75 % and Kepco 25 %.

Posted by Karlos > 2020-04-07 08:47 | Report Abuse

Unfortunately true. Please refer to recent announcement by Tadmax.

Posted by valensi88 > 2020-04-07 08:52 | Report Abuse

it depends on Kepco if they still want the 25%, they yet to give any answer on this.

Posted by Karlos > 2020-04-07 08:59 | Report Abuse

Kepco will definitely will be in as it is a technical partner without Kepco the whole project will not take off.

Posted by CK101 > 2020-04-07 09:46 | Report Abuse

Why Tadmax wanted to exit such a lucrative project?
Can anyone please enlighten me, thank you.

Posted by steady31 > 2020-04-07 10:17 | Report Abuse

With Posco as EPCC contractor no need for Kepco.There is only 25% holding left and it has to be Tadmax as it is their project.They have to give 75 % to Worldwide in order for the financing package to be successful as the lenders probably insist on them giving a corporate guarantee.So no 75% WW no guarantee no financing and no project takeoff.Even with 25% share Tadmax should be happy with it as profit could be as high as 350M or eps of 0.44.Tadmax share could reach 4.40 on completion of the power plant

Posted by flyerteam > 2020-04-07 10:37 | Report Abuse

alot uncertainties in tadmax as we still dk if they wanna exit the project anot

Posted by uptrending > 2020-04-07 16:04 | Report Abuse

flyerteam
flyerteam
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Stock: [TADMAX]: TADMAX RESOURCES BHD

Apr 7, 2020 10:37 AM | Report Abuse

alot uncertainties in tadmax as we still dk if they wanna exit the project anot


Stock: [TADMAX]: TADMAX RESOURCES BHD

Apr 3, 2020 3:45 PM | Report Abuse

it seems like uptrending has bought alot of tadmax shares ahaha

Posted by uptrending > 2020-04-07 17:23 | Report Abuse

steady31 With Posco as EPCC contractor no need for Kepco.There is only 25% holding left and it has to be Tadmax as it is their project.They have to give 75 % to Worldwide in order for the financing package to be successful as the lenders probably insist on them giving a corporate guarantee.So no 75% WW no guarantee no financing and no project takeoff.Even with 25% share Tadmax should be happy with it as profit could be as high as 350M or eps of 0.44.Tadmax share could reach 4.40 on completion of the power plant
07/04/2020 10:17 AM

Steady31

You make a lot of sense..

Kepco is a foreign company, ownership may have to get approval which may not be forthcoming, so it is better to rope in WHB, which is a company of the Selangor State Government.

Posted by uptrending > 2020-04-07 18:49 | Report Abuse

Steady31,

How do you get the profit of rm350 million?

Posted by uptrending > 2020-04-08 06:48 | Report Abuse

The 60 acres land in Pulau Indah alone worth rm100 millions

The 80,000 HA forest land with timber concession rights, in Papua New Guinea, bought at rm260 million in 2011. Turnkey Contractor already appointed to harvest the timber and develop the land into Oil Palm Plantation. The company reserves the right to sell the asset if a buyer could be found anytime.

PIPP, the power plant In Pulau Indah has a Present Value of approx Rm300 million. 35% selling to WHB for RM58. 4million, at 20% and 30% discount due to illliquidity and lack of marketibility (LOL). If Tadmax sells its 100% in PIPP, it would be much more than rm167 million, as the illiquidity and lack of marketibility discounts of 20% and 30 % discount applied in the 35% stake sales to WHB would not be valid ANYMORE, IF it is selling the controlling stake. It should fetch much more than rm200+++ million.

The Market Cap now @19.5 cent is ONLY rm153 million.

Real cheap sales.

Posted by uptrending > 2020-04-08 06:53 | Report Abuse

The company now in net cash position.
Directors and major shareholders, holding shares, issued to them for debt settlements, at costs ranged from 36-50 cents per share.

Posted by Lau1668 > 2020-04-08 12:25 | Report Abuse

TP...long term?

Posted by steady31 > 2020-04-08 15:00 | Report Abuse

Uptrending,watch the price action carefully.Once the financing is raised,it is all system go for the power business.And ot is only possible if WW ,one of the most successful government entity which operate 760 MW Langat Plant ,gives its backing for the sukuk loan.with that ,Tadmax price trajectory can follow that of Jaks and MFCB..It should be at least 0.60 as what its NTA is .

Posted by maytehpg > 2020-04-09 06:22 | Report Abuse

this stock could be flying soon

Posted by thesteward > 2020-04-09 06:34 | Report Abuse

Yes it will

Posted by Karlos > 2020-04-12 09:40 | Report Abuse

As said earlier Tadmax is in the process of totaling exiting the 1,2000MW IPP by selling its 75% (35%+40%) interest in the project company to Worldwide. The Project will finally be owned 75% by Worldwide and the balance 25% by Kepco. Kepco will be a partner in the IPP as part of condition of approval by the government.
The reason why Tadmax is exiting from the IPP Project is best known to Tadmax itself. In biz and life too, there no certainty. Things beyond your expectation can happen any time.

Posted by Ronin > 2020-04-16 14:45 | Report Abuse

whats happen , suddenly up

Posted by thesteward > 2020-04-16 15:17 | Report Abuse

Haha as mentioned . Hold tight ya more to come

Posted by nickyeo55 > 2020-04-16 15:23 | Report Abuse

Mr Thesteward this counter normally one day show only.
Any TP ?

Posted by valensi88 > 2020-04-16 22:36 | Report Abuse

Long term can laaa