SE Report
GANGTOK, June 14: The Sikkim Power Development Corporation Limited (SPDC) today clarified that it has not entered into any kind of understanding or agreement with Concurrent (India) Infrastructures Ltd for development of a 40 MW hydro power project in the State.
The SDPC was responding to the news flashed on websites which had reported that the SPDC had entered with an agreement with the above mentioned company.
The SPDC has neither entered into any kind of understanding or agreement with Concurrent (India) Infrastructure Ltd for the development of hydro power project in Sikkim nor it is considering allotment of project to the company in near future, said SPDC manager Palchen D Chaktha in a press statement.
The SPDC is not even aware of existence of such company and the company with malafide intention of gaining undue business advantages has tried to associate its name with SPDC, said Chaktha.
The SPDC has appealed all to verify the facts before entering into any kind of business relation with the said company.
{source:http://www.sikkimexpress.com/topstories2.html}
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Dear Investors – It is a worrying time for the concurrent infra investors?
What the concurrent is saying about this issue in the recent press note: Concurrent (India ) Infrastructure Ltd's is all set to enter an agreement with Sikkim Power Development Corporation Ltd through PPP Model to develop a, "40 MW Hydro project at Labdang in Sikkim
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What the SPDC saying ‘The SPDC has neither entered into any kind of understanding or agreement with Concurrent (India) Infrastructure Ltd for the development of hydro power project in Sikkim nor it is considering allotment of project to the company in near future, said SPDC manager Palchen D Chaktha in a press statement.’
The SPDC is not even aware of existence of such company and the company with malafide intention of gaining undue business advantages has tried to associate its name with SPDC, said Chaktha.
The SPDC has appealed all to verify the facts before entering into any kind of business relation with the said company.
The SPDC has appealed all to verify the facts before entering into any kind of business relation with the said company.
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If concurrent infra negotiated some talks or pact with SPDC then how it’s member can state that ‘they have not even know this company name’ What went wrong with concurrent?
Is the promoter not negotiated any talks with the SPDC?
Ok, let us consider the first case; if the concurrent infra was not negotiated any talks then how the concurrent infra can give an announcement to BSE. Concurrent infra management doesn’t know that if such announcement can dampen their reputation? In such case, we can assume that some thing wrong went wrong for concurrent infra? If so, they should come with the press note clarifying all the doubts of the investors. It will safeguard the interest of the investors of concurrent India
In the second case; If the concurrent infra was not negotiated any talks and just gave the press note then it would be a very serious issue in terms of the management approach. In this case we need to press the danger button or sell button. To judge which case will apply for concurrent is very difficult task at this point of time. Very soon all the doubts will be cleared and safe guard the interest of the investors. Any one those who believe that second case will be the probable reason then they should immediately exit from this stock.
What concurrent investors should do?
Whatever the concurrent infra said was proved wrong after the statement of SPDC press announcement. These all are really worrying issues, these words dampens the reputation of concurrent infra for sure. In my view, till the issue settles ‘we need to press the cautious/ sell button’ till some announcement comes from SPDC favoring concurrent infra.
With thanks
Be and make
6 comments:
Hi B&M,
so by seeing this, what could be your call now...confused a lot with this...your view is imp to us
dear be and make sir, are you in vacation? pls do keep blogging atleast once in two weeks. your opinions are very much important to us. thank you sir
Dear Kalyan,
What happened to you ?? I haven't seen any of your posts in Concurrent board of MMB. Is there something wrong with this scrip ?? On this note, scrip touched LC yesterday. What do you think is the future of this ?? What about the integrity of the management ??
Please come up with your comments on this.
Cheers,
Kalyan.
Dear Kalyan and Others
I wish to clarify something here form my side.
Last two days I tried to call up contractors, numbers, search portals whatever possible. Most of the contractors are dubious.
Ignore jumpers, liars on MMB.
Now going back to Kalyan's working on financial projection this is what I have to say:
1. Any investment analyst will work out a valuation theory based on the order book, debt position etc. He is not expected to investigate the order book as forensic professional. So what Kalyan did purely believing that orders are correct so did we believe.
2. For a start up and small cap compant information gap normally exists. Once the valuation goes up its honesty, trust that matters which concurrent doesnt have. They choosen overseas and local unknown players so as u cant verify authenticity independently.
I have even doubt did they really took over Kazi Aviation? Lets not forget it's a proprietor firm.
Kind Regards
Suvendu
Dear friends - I am not denying any ones comments.
Actually i am expecting 4600+ levels in nifty but it rebounded from 4700+ levels. This time i am quite bit missed but i am holding my views and wishes to maintain the cash levels as mentioned in my recent calls.
There is no run-away rally in the near term and the nifty has HUGE resistance 5450-5520 levels. Almost we are at there hence the risk reward is towards the negative side hence i wish to retain my views.
It is up to you to decide to go with which stocks.
with thanks
be and make
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