MUMBAI: Monorail operator Larsen & Toubro Scomi Engineering (LTSE) has been fined Rs 1 crore since the service started a year ago. The penalty was imposed for loss of service due to system-related failures, including problems with rakes.
The service was launched on February 2, 2014, on the 8.8km route between Chembur and Wadala depot.
A senior Mumbai Metropolitan Region Development Authority ( MMRDA) official said, "We pay the operator Rs 85 lakh per month for running the service. If the desired number of services is not run due to some problem, we impose a penalty, which is deducted from the payment to the operator."
CityTrader - base on what you estimate the TP? Can share more details so people may buy and hold for it? As far as I know this stock worth more than that TP but yet it share price won't move. Not sure what it waiting for but certainly something. LOL.....
LOL, this stock does not really move according to news. Yes even with good news consecutively it not necessary will move also. It's has it own style, guess just need to be patient and keep on waiting if you believe their business contract and model still work after seeing so many news come out. As I mention before, for this counter I am more interested in his NTA. Just base on that it consider a attractive counter to me. Well, I could be wrong & some may not agree with that anyway just IMHO. :-) good luck and happy investing.
True. SCOMI is losing momentum. It might drop further when more and more contra players are throwing. This stock is suitable for those are willing to hold for mid-long term and patient. Not suitable for fast cash, quick and easy money.
New IPO: Building management systems (BMS), solar thermal systems and energy-saving services provider, Solar District Cooling Bhd aims to list on the Ace Market!
MQ Trader 484 views | 3 d ago
0:17
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 12567 views | 11 d ago
0:17
New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
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....
valueinvestor
641 posts
Posted by valueinvestor > 2015-02-10 21:02 | Report Abuse
http://www.scomi.com.my/weboffice/files/news/262015_45322PM_MNR_SEB%20MM%205%20Million%2006022015.pdf