The shapadu project, they sub the C&S and architectural works to IJM. They will only do the M&E services. I understand that they under quote the M&E services. In addition, not many subcontractor is interested to quote to them. they lost the credibility in the past making suppliers quoting them very expensive. this is something you can foresee that can happen. sure happen. the abu dhabi job has been completed for many years still can not get back cash as the contra property deal is yet to be settled. this is the actual facts. enter only at RM0.12
everybody please cool down. all you said were facts. i just got a ring from the project designer. they are revising the putrajaya project design to make it smaller & cheaper. oil price no good, old design need to be amended. mean the contract sum will be much smaller. the project will suffer much delay. no wonder never kick start. no worry, all your investment will bare fruit, but at later day. trade at own risk.
this news already well known since few months ago and i thought many people already known as the project does not kick start until now. thanks for reminder. all investors no worry but got to wait longer to bare fruit. thanks wanutama2015.
Just to correct. The plan ratio does not get authority approval. In addition, the project owner wants a lower budget. Therefore, they are re-designing it to scale down the project. Contract sum will be reduced. Sorry for the facts that need to wait longer for getting juicy fruit.
Generally, people just like to hear good news, regardless is correct or mistaken due to overheard. That is why market plunges when bad news pop up. You may keep your “F” now until 6 months later. If 6 months later you see the project contract sum goes bigger, you can “F” me 100 times and I will say “sorry” 100 times. If I am right, you just need to say one “sorry. I started collecting this stock since 6 to 11 cents time when nobody gave a damm on this stock. It is silly if I sing the stock price down. But I certainly wants my investor partners to buy with true knowledge, not blur blur & dies die come in and sell tomorrow when any bad news pop up.
authority does not approve building plan ratio, in layman term is too many people/car in insufficient area. therefore, the building need to be re-designed for compliance. however, the budget is fixed. therefore, many fixtures / facilities / quality need to be down graded or omitted. this is what i can tell. you will not see a bigger contract sum, for sure.
Out of pn 17 this month or early august. Shapadu will move in new mega project to ensure payback. Tp .5 . It may become the next gamuda or ijm with very strong umno connection.
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Price should be more than 30 sen to attract subscription of right issue. Some had been holding on to this share for ages, I have also held on to this share and watched it went up to 28.5 sen and down to 18 sen recently. One must have a lot of stamina to invest in this counter,I believe it is worth the waiting. If the Abu Dhabi sale can go through, it is a windfall! wish us luck.
Sir coldrisks, don't worry if some ungrateful hamtam you, just disregard them. What your information told are very valuable and I appreciate it very much. I am one of the group who hold and wait till the end. Fly or die! I believe Shapadu is serious.
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....
Wealthy
117 posts
Posted by Wealthy > 2015-06-24 17:07 | Report Abuse
Hopefully can see some movement soon ... : )