This is a black sheep but it has an impeccable taste. Delicious

To those naysayers, don't waste your time being critical at the wrong channels. We all know the issues in this Group but now we are finding its silver linings to earn profits. Let's be rationale and make money together

Maiden dividend is imminent. 19/19.5 just eat. 25 cents to 30 cents can be easily achieved

No point ranting. Same as advise - don't sell low. Channel your exasperation to the right channels. Follow the wind & win big

Every dog has its day. Every cloud has a silver lining. What we can do is to endure and wait patiently till the day comes. But it is coming soon, very soon

Just mark my words. Don't sell at low.

My advise is to wait till you get the value of RM1.20 (share price + dividend). That's a ballpark valuation as per the IPO price & min you should be getting. We all know the headwinds but now we need to learn to see the tailwinds, especially the potential upside and gains. Black or white cat as long as you can gain big is a good cat.

The dividend is paid from the sales proceeds of its projects in the UK hence, it is in the ordinary course of business. Not from disposal of its businesses like in the case of Pelikan

Now we are just valuing the Group based on its dividend payouts. We haven't add in its business & recovery growth, which I believe worth much more

To move the needle to extract RM1.20 value is highly probable as some uncertainties already eliminated. Be pragmatic and hold on to your investments. Time will tell but I'm highly confident on this

I believed this Group is related to Public Gold so the bulk of sales is from PG; left pocket to right pocket as you can't see the strong presence of their brand and outlets in Malaysia unlike its peers in gold industry. Already more than 3 years since their listing in LEAP and yet they haven't been transferred to the ACE market. Moreover, their major shareholders involved in many scandals in the past

Like what I'm saying. We know the issues with the company but at this price point it is low risk. To gain 50% is not impossible. Just ignore the naysayers and voices.

If you're holding at higher price points above 50 cents, possibility can be a permanent loss. But what is the downside of current price

I never say is a good company. There are many issues; be it the governance, cash flow and its erratic earnings. But it is ripe for upside

Don't worry too much on this stocks. 2 types of fallacy in investing; overthinking / over analysing and buy something that you don't understand. At this price level, it is a low risk play. All the naysayers, I will prove my point. Thank you ;)

For now, the catalyst is for the Group to expedite its capital repayment of RM900m to RM1b

But investment comes with a risk. Hopefully, the day will come when it can be able to recoup its RM2.4 b capital invested. Keep the leap of faith going

To be objective, the view of RISK8888 is not wrong. The Group indeed achieved negative returns for its shareholders. RM2.4 b has been invested in the Group for its projects in the UK and AUS & so far they have not recouped the capital from the IPO shareholders 7 years ago

The benefits from JHDPP & LSS4 are currently enjoy by the directors & management team. So far, the shareholders receiving nothing but negative value

It is absurd for the MD and it's management team to receive on average RM10m & RM1m/person for the non performance. It is unhealthy practice & without skin in the game (the Group's financial performance is not in tandem with its high remunerations). Their remunerations are even higher than the top 10 listed companies in Malaysia. But JAKS is only a tiny RM400m Group

The grant of free shares need to be halted as the Group is not performing, with RM131m of impairment in receivables and legal tussles. And is share price is at all time low.

https://klse.i3investor.com/web/blog/detail/TimelessInvestment/2023-07-10-story-h-246424046-JAKS_Resources_Berhad

https://klse.i3investor.com/web/blog/detail/TimelessInvestment/2023-07-10-story-h-246424046-JAKS_Resources_Berhad

the first phase is not really much returns for the shareholders even though they already generated sales of RM15b but at least they already built their strong presence in the UK

I can say at least what they are doing is in the interest of the shareholders. No reason for keeping large warchest unless you can yield good returns. So playing safe & distribute the excess of at at least RM1b augurs well for the shareholders. The rest is how they are going to play on the 2nd phase of growth so that the IPO shareholders can recoup their investments

No point holding to cash unless they can seek get at least mid-teen return on its projects which is tough with escalating building materials costs

Regardless at this level, it is still a bargain. At least, they did right by distributing the profits back to the shareholders while being conservative on its plans. For the capital they raised, at least they already build a strong presence in the UK for both outright and BTR markets. Now is looking whether on the 2nd phase of growth to capitalise on its expertise, accolades and reputation to bring it into the next levels

But is what we are advocating for all these years, to recoup capital to repay the shareholders. Going forward, is not easy but if they can capitalise on their expertise, brand, reputation and partnerships to move into another phases of growth then perhaps we can see much more upside in this investment. Perhaps, one day we can finally recoup RM1.20 or more

No rights issue for the subscription of 10% interest in JHDPP. They are looking into other options

Many promoters here now already gone. This company is a big disappointment

The only way to get out of this is monetise their 5,300 towers

The ROE of OCK is 5.32% and with the debt loading of c. RM762 m the ROCE is merely 2.6%. It means that the Group has not achieved a reasonable return for both the shareholders and debt holders even after many years. No wonder, the share price is still at its depressing even after many years.

Moreover, with the high debt levels it places a constraint for the Group to grow its other business ventures and reward the shareholders with dividends.

This is the most profitable counter under this price range. Is not a fantastic company but many things need to be done. ROE and ROCE all mid single digit but at this price is a value buy

I have few counters like this. None failed. All the catalysts are coming for this

Don't worry about the naysayers. They are irrelevant to make you wealthy. The journey to wealth can be lonely, just need to adapt to it. I believe this can be a multibagger. It is just a matter of time. But it is not long

80 cents in the making

Start the engine tomorrow

Just need to stop raising funds from the market and start with payment of dividends

Flowing of 72 million of dividend is a good start. Kitchen sinking already complete

Accumulation in progress. Rental reversion, lower rebates and reopening of the economy. 80 cents in the making

Rebounding soon. Is a good buy now

Who is the real person behind Tass Technology? This is highly dubious

This is hard hit to its credentials, especially to bid new projects in the region. Hence, we need to seek the Board of Directors to seek an explanation on this. IRIS would not left unscathed with this negative development

Anyway, this development will have negative impact to Iris in the mid term, like it or not. First, on the reputation and its financial position as they have deployed many staff and capex on this. With RM70 million it is too little. Investigation by MACC on both parties is a must

The right way if is under investigation is to get it investigated and subsequently revoke its contract by immigration. Then to do a re-tender again to other providers

The stakeholders including shareholders and Bursa need to question on this dubious deal. Is Tass Tech sold to the related parties ?

NIISE is a game changer for IRIS and the company has been investing time and effort for this for many years to get this contract and now they are selling the stake of 80% for RM70 million? This is a dubious deal as it proposed to sell it for an insignificant amount. Bear in mind beside the cost of developing and implementing of the new immigration system, it has a component of maintenance which is highly lucrative and with recurring income

Market already lost trust on the management team and its corporate governance. Any good news also has no impact to its share price

Lousy management team with their actions that were detrimental to the interests of the shareholders. Countless of fund-raising activities, free shares scheme and litigation cases. The only way to go is to eliminate the fats from the Group

It only means that all the projects, including BTR are loss-making.

That's why RM900 m excess cash after 6 years of RM2.4 b investment is bad. If they are good, they already turn the RM2.4 b investment to RM3 or even RM4 b excess cash