Posted by phyroxus > 2015-04-01 12:27 | Report Abuse

y no transaction today?

Posted by 400523 > 2015-04-01 14:06 | Report Abuse

Change in MD anto resigns as MD and James Wong takes over. Reason succession planning. Anti is 63 Wong 54. See bursa anouncements

Posted by kkng0819kk > 2015-04-01 15:20 | Report Abuse

Sometimes it is gud to change the top managrments and replace the dead wood with young plants

Posted by johnny cash > 2015-04-01 16:34 |

Post removed.Why?

Posted by johnny cash > 2015-04-01 16:35 | Report Abuse

i did mention before this company needs RESHUFFLE,,,SOME CHANGES

Posted by johnny cash > 2015-04-01 16:38 | Report Abuse

I am not speculating here but i think they found something during investigations

Posted by johnny cash > 2015-04-01 16:48 | Report Abuse

too many internal probelms, so when they will have time to sit and discuss on how to inflate their order book

Posted by 400523 > 2015-04-01 16:59 | Report Abuse

Anto owns a huge % on an individual basis (deemed interest as well) and also bought some at 1.80 a few months ago.

Posted by fong7 > 2015-04-02 03:44 | Report Abuse

who's this james wong? got good management record or not?

Posted by Frank Soweto > 2015-04-02 04:05 | Report Abuse

I think tat's the idiot who was quoted in the Star paper about getting some projects or the Indian power thingy was going to commence - n tat was either last year or the year before if not mistaken

Posted by 400523 > 2015-04-02 11:24 | Report Abuse

Wong said his main priority is amongst others is to ensure commissioning of their Indian power plant.

Posted by 400523 > 2015-04-02 11:31 | Report Abuse

The guy who runs Fairfax is an Indian and must have sources before making a 7% stake in mudajya despite all the delays and increased cost in the Indian power plant. He would have also checked icra India grading of rkm powergen's debt rating before making a decision. At least I hope so.if not how to be called warren buffet of Canada???

Posted by 400523 > 2015-04-02 15:27 | Report Abuse

Prem watsa is his name. Google it. Even if Fairfax looks beyond 2 yes..it means he is sure the Indian power plant will go through as it is make or break for mudajaya.

Posted by fong7 > 2015-04-02 15:50 | Report Abuse

warren buffet of canada, not india? haha!

Posted by johnny cash > 2015-04-02 18:13 | Report Abuse

http://www.gurufocus.com/StockBuy.php?GuruName=Prem+Watsa

Posted by johnny cash > 2015-04-02 18:51 | Report Abuse

http://www.theedgemarkets.com/my/article/james-wong-suceeds-anto-joseph-new-mudajaya-ceo

Posted by matakuda > 2015-04-02 18:57 | Report Abuse

Maseh ada harapan?

Posted by johnny cash > 2015-04-02 19:15 | Report Abuse

ACTUALLY this what i was waiting for, changes. so hope james wong can do something great for mudajaya...haliluyah

Posted by johnny cash > 2015-04-02 19:18 | Report Abuse

400523 Prem watsa is his name. Google it. Even if Fairfax looks beyond 2 yes..it means he is sure the Indian power plant will go through as it is make or break for mudajaya.
02/04/2015 15:27

very good information, thank you very much, can i have your e mail address?

Posted by fong7 > 2015-04-02 21:18 | Report Abuse

google a little and read about this Fairfax. So it's an insurance company utilizing float to invest similar to Warren Buffet. And it had already entered Malaysia insurance business few years ago.

Posted by fong7 > 2015-04-02 21:18 | Report Abuse

Prem watsa's investment record has been excellent too. Hmm....interesting.

Posted by johnny cash > 2015-04-02 22:18 | Report Abuse

I think the result of the investigation and the firing of the powerplant will be announce arround the same time, if the investigation result is positive, then oh my god this counter might rocket up to 2.50 who knows ha

Posted by johnny cash > 2015-04-02 22:20 | Report Abuse

Hai guys keep an eye on opomo

Posted by gerry188 > 2015-04-03 08:35 | Report Abuse

Frank Soweto - u r absolutely correct about the new CEO :):)

Construction projects are all about kang tao. Being well run doesn't mean that the company will automatically get project, most certainly not in Malaysia.

About the Indian IPP - its already been how many years???, haha!! If still cannot get the turbines fired after so long, then there is obviously something seriously wrong with the company.

By the way, the new CEO has no previous experience in the power industry and is unfortunately rated as a very big NATO fella.Have any of you heard of him previously in corporate circles??

The few remaining staff who are familiar with power plant construction will probably leave the company as they are not being included in the new CEO's inner circle.

Posted by paperplane > 2015-04-03 08:51 | Report Abuse

NATO is what?

Posted by johnny cash > 2015-04-03 08:52 |

Post removed.Why?

Posted by johnny cash > 2015-04-03 08:52 | Report Abuse

Fairfax (Barbados) BUYING

Posted by johnny cash > 2015-04-03 08:53 | Report Abuse

is Barbados in CANADA?????????

Posted by 400523 > 2015-04-03 09:35 | Report Abuse

Fairfax has many companies all over the world including India but based in Canada. The Indian Power plant faced many challenges i.e land acquisition and protest from locals regarding the same. Coal contracts to fire the plants, corruption over allocation with ministers involved. These caused all the delays and RKM Powergen also had to extend their repayment to banks leading to a downgrade from BB- to D (ICRA India) in June 2014. The good news is that Modi had stepped in and all is speeded up and the plants are almost completed and financial requirements all met (including from Mudajaya ). Coal contracts are in place although some have to be bought from less cheap exports. Please remember this is a multi billion project and is almost to be kicked off. Although total project cost has gone up about 35%, the cost overruns can be recovered as contracts usually cover these possibilities. Fairfax came in long after the downgrade by ICRA and are fully aware of the stage of progress of the powerplant. These are my findings. Anybody else has any please email me at colinggomez400523@gmail.com. Remember I lost about 100k and now I am back-in as I can't find any other counter that has potential for me to recover my losses.

Posted by 400523 > 2015-04-03 09:55 | Report Abuse

If you analyse the financials, the balance sheet shows the biggest asset (RM712m) as "investment in associates". I believe the bulk of it in RKM Powergen. In an article "What is it worth" by an analyst in this I3 stated "the full commission of the indian plant would add about RM1.60 to its book value" that alone (without construction projects) would mean a price of 3.00 rm. Clearly Mudajaya's success is dependent on the power plant. This is my 5 cts worth evaluation. It should give annualy about RM80 to the company. The deferment of the repayment to the banks (mainly in India-borrowings by RKM Powergen) and the project inflated cost and the ability to recover cost overruns from thier principals (Indian state officials) is now crucial in determining how much profit Mudajaya will gain from this multi billion rinngit project. Again my 5cts worth. Game for the investment? I am as the plant is almost completed.

Posted by johnny cash > 2015-04-03 10:08 | Report Abuse

thank you very much 400523

Posted by 400523 > 2015-04-03 10:34 | Report Abuse

Thank u JOhnny cash. As always. Please everyone use your own discretion when investing. Please don't blame anyone if we decide to invest. I already said I list rm100k so I might just as well be wrong again!!! However I can read financials very well as my previous job of 12 years was to analyse corporate financials. However the median market works on rumours and panic etc I guess.

Posted by 400523 > 2015-04-03 11:21 | Report Abuse

Fairfax (Barbados) International Corp 26/3-1/4 Acquired 763,800 MUDAJAYA GROUP
After announcing 3rd Q losses, Fairfax bought the above number of shares (taken from above Johnny Cash's comment above)...Fairfax Crazy???

Posted by johnny cash > 2015-04-03 13:20 | Report Abuse

i think this fairfax knows something is COMING for mudajaya, they are buying earlier

Posted by facai > 2015-04-04 19:41 | Report Abuse

Date, B???, B??? Vol, Price range, Price +/-
010415, 50K, 100K, 1.4 - 1.43, -0.05
310315, 350K, 436K, 1.43 - 1.45, 0
300315, 100k, 186K, 1.43 - 1.45, 0
260315, 263K, 1074K, 1.41 - 1.50, +0.05
250315, 245K, 576K, 1.36 - 1.40, +0.04
240315, 101K, 208K, 1.35 - 1.37, +0.01
200315, 100K, 236K, 1.35 - 1.37, -0.03
190315, 90K, 200K, 1.36 - 1.38, +0.01
180315, 200K, 259K, 1.36 - 1.37, 0
120315, 30K, 463K, 1.35 - 1.38, 0
110315, 620K, 748K, 1.35 - 1.36, 0
100315, 220K, 452K, 1.36 - 1.37, 0
090315, 237K, 493K, 1.34 - 1.37, 0

Conclusion date 090315 - 010415:-
Lowest :1.34
Higher : 1.50
Price +/- " +0.03
Lowest Vol : 100K
Higher Vol : 1074K

Posted by facai > 2015-04-04 19:50 | Report Abuse

Price 030415, 1.43, (-0.02) (1.38%), 1.43-1.45, Vol 259,100.

Posted by 120453 > 2015-04-04 21:53 | Report Abuse

Meaning?

Posted by Lambito > 2015-04-04 21:56 | Report Abuse

my remisier give call so far always correct

Posted by johnny cash > 2015-04-04 23:05 | Report Abuse

Powerplant firing and investigation results will be coming out soon

Posted by johnny cash > 2015-04-04 23:06 | Report Abuse

Lambito did your remiser gave any reasons???????

Posted by Lambito > 2015-04-04 23:30 | Report Abuse

No lar....he only ask me to buy because he was my fathers remisier and he doesn't share much,.also cannot ask question. He gave me many tips include Ecoworld, Dufu, LEESK, Jtiasa, Turbomech last year and this year Hevea, VS, Faber, and coming up E&O and Mudajaya. He say mid year got more he will announce

Posted by johnny cash > 2015-04-04 23:49 | Report Abuse

Thanks Lambito

Posted by facai > 2015-04-05 07:37 | Report Abuse

now they hold 7.7% oleli...

Posted by matakuda > 2015-04-05 08:07 | Report Abuse

Jangan terlalu percaya akan tips remisers. Belum kena belum tahu.

Power plant di India sudah sedia untuk menjana tenaga? Loji ini siap 8 tahun dulu. Semua benda M&E dah berusia 8 tahun, dan tak pernah dipakai langsung. Maseh boleh pakai kah?

Posted by fong7 > 2015-04-07 03:12 | Report Abuse

Thanks lambito for your generous sharing. E&O valuation quite high though, i'm waiting for below 1.80.

Posted by 120453 > 2015-04-09 12:36 | Report Abuse

very interesting, someone is collecting @ 1.43 every day. Good sign

Posted by fong7 > 2015-04-13 17:04 | Report Abuse

quite big makan at 1.40, i like, big fund continues accumulation.

Posted by 120453 > 2015-04-13 20:38 | Report Abuse

So many lots transacted at 1.4/1.41. Good sign. Let's see tomorrow

Posted by 400523 > 2015-04-13 21:52 | Report Abuse

I can only think of an off market block sale and purchase perhaps by anti who retired and sold and Fairfax buying. Because at about 4 plus the volume was less than 200 and at the end 900k plus! Anti owns about 24% of mudajaya or about 133 million shares according to the star report recently if I am not mistaken. Does anybody know about how these bulk transactions work off market like when mukhriz sold his skpetro shares?

Posted by 400523 > 2015-04-13 21:52 | Report Abuse

Anto