MACKWOODS ENERGY (MEL) IPO Price 14.00 and Current Trading Price 3.50

Gainer

Gainer

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Future potential in the renewable energy segment in the country and therefore specially in the Hydro / wind and Solar power segments.

MEL can perform better in this years, MEL Net Asset Value per share 7.10

MEL IPO Price 14.00 and Current Trading Price 3.50

MEL 96% Shares holding by Major Share Holders.

Gainer

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Mackwoods seals deal to sell electricity from Tudugala mini hydro plant

Mackwoods Energy has been successful in sealing the deal to sell electricity from its Tudugala plant, but the implementation of its other mini hydro projects is being further delayed due to red tape in a number of processes.

The entity recently inked a Standard Power Purchase Agreement with the Ceylon Electricity Board (CEB) in respect of the Tudugala Mini Hydro Project for the purchase of power by the grid, Mackwoods said in a filing to the Colombo Stock Exchange (CSE) on Friday.

However, the timelines for implementation of the remaining mini hydro projects, which are awaiting grid connectivity approval prior to the issue of LOI, have been extended due to delays encountered in the approval process, transmission line and grid availability issues and policy and administrative changes.

“The company is making every effort expedite during the next year, the approvals of the remaining mini hydro projects, which are a key aspect of its diversification into the renewable energy sector in line with the stated objectives of the company,” Mackwoods stated in the filing. Pending approval of the remaining mini hydro projects, the ongoing action plan on the entity includes site inspections, surveys, upgrading facilities, project consultancies, negotiating with funding agencies and potential investors to accelerate implementation of these projects as soon as approvals are granted.

Mackwoods was successful in rehabilitating and connecting a 100KW micro hydro to the grid for net metering in Nuwara Eliya, which is the first national hydro net metering project to be commissioned.

The energy firm has pursued a diversified portfolio approach by expanding the use of existing ‘clean’ renewable energy sources such as hydro, solar, wind, biomass and biogas and is actively following up on proposals submitted for solar power generation and conversion of municipal waste to energy through cutting-edge zero emission technology.
- See more at: http://www.dailymirror.lk/93543/mackwoods-seals-deal-to-sell-electricity-from-tudugala-mini-hydro-plant#sthash.WeraHscC.dpuf

hiransilva23

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Gainer uba dan kiwwot nest hari ctc hari 10ta ganna kiyala eth kaurut ganne na.wena user name 1k hada ganin.natnam blue diamond witarak promote karapan.

Chinwi

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Mackwoods kiyanne thermal power saha generater wikunana kompaniyak.

3.40 ta bahala thiyenne paadu nisaa . 14 ta IPO giyata wadak na. dan vatinne ne.

charith666lk

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Chinwi wrote:Mackwoods kiyanne thermal power saha generater wikunana kompaniyak.
3.40 ta bahala thiyenne paadu nisaa . 14 ta IPO giyata wadak na. dan vatinne ne.

Thank you dear Chinwi. You are a respectable long time member in this forum. So when you say something most of the members respect to it. (except promoters ) So please come forward more and rescue new comers from unethical promotions.

Suranga malli

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Be alert with blue diamond gainer...Specially for mew comers..

hiransilva23

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Gainer me dawas wala wadiya eliyata yanna epa.wahinawa akunuth gahanawa.

Gainer

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BLUE when i was recommended price at .70 cents after that it was went up 1.60

Suranga malli

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Gainer wrote:BLUE when i was recommended price at .70 cents after that it was went up 1.60

BD Gainer Apita .70 buy karala 1.60 exit wunu kattiyagena newai katha karanne ....Uba kiyapu hintha 1.60 ta BD Aragena kota uda geya kattiyagenai api dukwenne...

Suranga malli

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Ubath nikam pac man wentepa oyyyy......

MRBRAVO

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Bana Ganna Eka hari na neda... pale

Kenek Share ekak hodai kiyaddi ema Share eka hodanaththam hethu idiripath karanna. " Uba / Oyy.." Wage wachana pawichchi karanna nathiwa. me post ekataht baninna matanam awlak na>> Very Happy

charith666lk

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MRBRAVO wrote:Bana Ganna Eka hari na neda... Kenek Share ekak hodai kiyaddi ema Share eka hodanaththam hethu idiripath karanna. " Uba / Oyy.." Wage wachana pawichchi karanna nathiwa. me post ekataht baninna matanam awlak na>>

This is the problem with sri lanka. For every thief there are followers and saviours.

SupunD

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Price reflects the current (and future) performance.

Gainer

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MEL financial report out

EPS .58 Cents and Net Asset Value per share 7.68

Today huge buying going on cheers

reader

reader

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Gainer wrote:MEL financial report out

EPS .58 Cents and Net Asset Value per share 7.68

Today huge buying going on

Turnover reduced, gross profit reduced, Eps - .58 came from 'other comprehensive income' . I don't know whether it can be repeat.. Anybody can clarify this??

Chinwi · 16 MEL losses escalated Thu Jun 16, 2016 12:25 pm

Chinwi

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Pl. Note that, they are in losses.

EPS generated from business is -0.33 and not +0.58

Last year their loss was 9 cents per share and now the loss is 33 cents per share.

They show a profit by revaluation of their buildings every year which is not a cash generated income. If you see the Cash flow report you can see the net loss of 29 million.

Business model and assets of Mackwoods is not for future world. The future is renewable energy. Mackwoods' main business is diesel generators and diesel power. If prices of oil remains of go further low and drought condition spread over the years then they might get some business in SL.

Gainer

Gainer

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MEL today high buying presure in the down market and trading in green light if market ok it will move up atleast 5.00++

karuna

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Gainer wrote:
MEL today high buying presure in the down market and trading in green light if market ok it will move up atleast 5.00++

Rsi 50
Roc 0
Williams r 57
They asi just in case 6500 3.5 not be bad

Gainer

Gainer

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MEL Net Asset Value Per Share 7.68 and Earning Per Share .58 cents.

MEL trading price very attractive shouls go up near Net asset value per share.

MEL 96% shares holding by major share holders and very illiquid counter.

hiransilva23

hiransilva23

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Dan uba kiwwa sfs,csf giyada??????

Chinwi

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mama uda comment kala

by Chinwi on Thu Jun 16, 2016 12:25 pm
Pl. Note that, they are in losses.
EPS generated from business is -0.33 and not +0.58

namuth nawatha nawatha boru daanawa

MEL Earning Per Share .58 cents. kiyala.

peopel can say all sort of nice stories and fake news to promote shares but they cannot use numbers in lies.

you cannot put 2 x 3 = 14

MEL EPS is a negative figure and it is going down further Y/Y

Suranga malli

Suranga malli

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Koi welawe Me magul companiya wahaida danne...Meka up wei kiyala promote karannath set ekkak innawa...

hiransilva23

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Gainer kiyanne hamadama mewage ewa promote karana dial ekak.megollo mewa aduwen collect karala ati.blue,mel,lcem,sfs mewata patta kamati.kata gari gema denna tamai try eka.mr lanka securities eke promotion megollot eke brokersla.apita adare nam mehema danna Oneda machan???dawasa purama melo rahak nati ewa wala guna gayana eka tamai karanne.malata ahu wenna epa

Suranga malli

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Blue eka honda example eka..

MRBRAVO

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Market price is 3.10. it is attractive price for buy MEL.N.....

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MACKWOODS ENERGY (MEL) IPO Price 14.00 and Current Trading Price 3.50

1 MACKWOODS ENERGY (MEL) IPO Price 14.00 and Current Trading Price 3.50 Sun May 15, 2016 10:15 am

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2 Re: MACKWOODS ENERGY (MEL) IPO Price 14.00 and Current Trading Price 3.50 Sun May 15, 2016 10:34 am

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3 Re: MACKWOODS ENERGY (MEL) IPO Price 14.00 and Current Trading Price 3.50 Sun May 15, 2016 10:38 am

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4 Re: MACKWOODS ENERGY (MEL) IPO Price 14.00 and Current Trading Price 3.50 Sun May 15, 2016 12:44 pm

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5 Re: MACKWOODS ENERGY (MEL) IPO Price 14.00 and Current Trading Price 3.50 Sun May 15, 2016 1:01 pm

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6 Re: MACKWOODS ENERGY (MEL) IPO Price 14.00 and Current Trading Price 3.50 Sun May 15, 2016 1:11 pm

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7 Re: MACKWOODS ENERGY (MEL) IPO Price 14.00 and Current Trading Price 3.50 Sun May 15, 2016 1:17 pm

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8 Re: MACKWOODS ENERGY (MEL) IPO Price 14.00 and Current Trading Price 3.50 Sun May 15, 2016 1:22 pm

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11 Re: MACKWOODS ENERGY (MEL) IPO Price 14.00 and Current Trading Price 3.50 Sun May 15, 2016 9:30 pm

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12 Re: MACKWOODS ENERGY (MEL) IPO Price 14.00 and Current Trading Price 3.50 Mon May 16, 2016 6:16 am

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13 Re: MACKWOODS ENERGY (MEL) IPO Price 14.00 and Current Trading Price 3.50 Mon May 16, 2016 10:10 am

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14 Re: MACKWOODS ENERGY (MEL) IPO Price 14.00 and Current Trading Price 3.50 Thu Jun 16, 2016 11:09 am

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15 Re: MACKWOODS ENERGY (MEL) IPO Price 14.00 and Current Trading Price 3.50 Thu Jun 16, 2016 12:06 pm

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16 MEL losses escalated Thu Jun 16, 2016 12:25 pm

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17 Re: MACKWOODS ENERGY (MEL) IPO Price 14.00 and Current Trading Price 3.50 Thu Jun 16, 2016 6:33 pm

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18 Re: MACKWOODS ENERGY (MEL) IPO Price 14.00 and Current Trading Price 3.50 Thu Jun 16, 2016 7:00 pm

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19 Re: MACKWOODS ENERGY (MEL) IPO Price 14.00 and Current Trading Price 3.50 Mon Jun 20, 2016 11:48 am

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21 Re: MACKWOODS ENERGY (MEL) IPO Price 14.00 and Current Trading Price 3.50 Mon Jun 20, 2016 6:40 pm

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