Haha Good as Bursa Securities required Additional Information on the Latest Private Placement…. Recalled before ard 2003 , those companies apply to be Listed , the Boss need to Provide Profit Guarantee with written Amount….A lot of Bosses being hit during 1998…
And During Pandemic on 2020 … Bursa Securities had loosen certain fund raising exercise requirements….
——
Unless otherwise defined, the definitions set out in the announcement dated 1 March 2024 (“Announcement”) and in the additional announcement dated 14 March 2024 (“Additional Announcement”) shall apply herein.
Further to the Announcement and the Additional Announcement in relation to the Proposed Private Placement, M & A Securities, on behalf of the Board wishes to announce additional information as required by Bursa Securities.
So next year or year after next can jaks generate enough cash flow for interest and repayment of outstanding loan amount RM 307,553,000?
(i) As per the Announcement, the Group has earmarked up to RM33.00 million of the proceeds from the Proposed Private Placement for the partial repayment of its existing facility, in the manner set out below: Facility Bank Purpose of borrowing Interest rate (% per annum) Principal amount(RM’000) Tenure Total amount outstanding as at LPD(RM’000) Proposed repayment(RM’000) Term loan Great Eastern Term loan provided to part finance the development cost of a 4-storey shopping mall known as Evolve Concept Mall 6.0 250,000 10 years 211,418 13,000
Term loan Maybank Term loan provided to part finance the acquisition of a 4-storey commercial property known as Pacific Towers 7.4 100,000 10 years 73,635 10,000
Letter of credit / Trade financingAl-Rajhi Banking & Investment Corporate (Malaysia) Berhad To facilitate and finance local purchase/ importation of raw materials/ trading goods relating to Company’s principal line of business 6.5 40,000 N/A 22,500 10,000
By the way omesti is just one of the many Insas' Financial assets at fair value through profit or loss and as at 31/12/2023 mark to market value of RM 231,352,000
Come back to jaks: My question: As per the Announcement, the Group has earmarked up to RM33.00 million of the proceeds from the Proposed Private Placement for the partial repayment of its existing facility.
So next year or year after next can jaks generate enough cash flow for interest and repayment of outstanding loan amount RM 307,553,000?
Facility Bank Purpose of borrowing Interest rate (% per annum) Principal amount(RM’000) Tenure Total amount outstanding as at LPD(RM’000) Proposed repayment(RM’000) Term loan Great Eastern Term loan provided to part finance the development cost of a 4-storey shopping mall known as Evolve Concept Mall 6.0 250,000 10 years 211,418 13,000
A RM 250,000,000 10 year term loan for evolve mallp and current outstanding RM 211,418,000 is this mean jaks did not pay the principal sum as schedule?
Guessing before next few round of pp Jaks may do share consolidation say 20 to 1 or even 30 to 1 to jack up the price first This is to attract newbies with the higher share price....
Haha Gaipo Actor Xiaoeh still acting le … Stucked in Jaks wow at RM 0.36 , Did not study the Fundamentals wow .. But So So Free Gaipo Acting going ard with Kon Gang … Beware ..
xiaoeh xiaoeh | Joined since 2020-05-07 Investing Experience - Risk Profile - Followers 1 Following 7 Blog Posts 0 Threads 1,810 Blogs Threads Portfolio Follower Following Summary Total comments 1,810 Past 30 days 486 Past 7 days 144 Today 23
👉 YTLpower price had been press down since 2013 until Below RM 1.00 on 2022 …
Starting March 2013 is Uptrend…RM 1.10 by May 2023 …
52w 0.830 - 4.240
NTA 2.26
PE : 8.98
Nosh 8.159 Billion shares
Taken 52W Low , 0.830 >> Margin of Safety = 172 %
YTLpower Gearing Ratio is more than 1.00X as borrowed to finance the Projects ..
So far CAGR is Increasing:
3Y +215.2% TTM + 176 % 5Y. +25.5% TTM. +43.5%
>>>
👉👉Jaks price had been press down on 2018 n on 2021 until RM 0.155 …on 2024..
52w 0.145 - 0.245
NTA 0.67
👉 PE : 23.66 ( If based on FY22 ended December 2022 .. PE = 6.86 )
Nosh 2.370 Billion shares
>> Taken current Price 0.155 >> Margin of Safety = 332 %
Jaks Gearing Ratio is 0.350X as issued 2 times RI n 5 times PP to finance the Projects ..esp :
1.) Vietnam Power Plant ( USD 1.87 billion ~ RM 8.0 Billion) … COD on January 2021…
2.) LSS4 50MW Project ( RM 240 million).. COD on 21 August 2023 …
👉👉👉 Remark : the 1st RI issued in Warrant B RM 0.25 on 2018 with EX price RM 0.64 , is changed to Ex price RM 0.34 on 2022 ..Purpose is to Prevent Take Over on 2017 / 2018 ..
> Most Warrant B is not Converted … A Disaster to both end even Jaks insiders n minorities shareholders..
>> Warrant B is Expired on December 2023 ..
So far CAGR is Improving:
3Y -21 % TTM + 29.9 % 5Y. -15.8 % TTM. + 0.5 %
👉👉👉Good News is Warrant B is Expired on December 2023 …. Forseen Jaks will be trending Up in Year 2024 … esp also cleared the Star Media Legal Suit since June 2019 .. 🤩🤩🤩👉 On 7/3/2024 , Jaks won the Legal Trial from Federal Court on Star Media appeal on Court of Appeal judgment which is favour to Jaks ….Now Jaks can counter Claims Star Media on over Total RM 540 Million .
Repost from Insas forum: Posted by Sslee > Mar 22, 2024 8:52 AM | Report Abuse X Only someone lost naked in jaks and lost his mind will implied jaks is ytlpower
Haha YTLpower price is Keep pressing Down since 2013 .. Finally bear Fruit (as borrowed Money to finance Projects, Gearing Ratio is more than 1.0 ..) on 2023 …
Posted by Sslee > 19 minutes ago | Report Abuse Did someone know a negative CAGR mean?
Morning Sslee sifu my own layman understanding of CAGR is following: CAGR is calculated to reflect standard percentage +ve growth or -ve growth to each year but there is a the weakness of CAGR e.g. neglected certain super outstanding +ve /-ve growth year hence -ve CARG to me doesn't really giving true meaning
Please correct me if my understanding wrongly just want to learn more
Just a getle reminder. If jaks failed to repay bank borrowing a default mean banks will immediately recall all the loans and jaks will go bankrupt.
(i) As per the Announcement, the Group has earmarked up to RM33.00 million of the proceeds from the Proposed Private Placement for the partial repayment of its existing facility, in the manner set out below: Facility Bank Purpose of borrowing Interest rate (% per annum) Principal amount(RM’000) Tenure Total amount outstanding as at LPD(RM’000) Proposed repayment(RM’000) Term loan Great Eastern Term loan provided to part finance the development cost of a 4-storey shopping mall known as Evolve Concept Mall 6.0 250,000 10 years 211,418 13,000
Term loan Maybank Term loan provided to part finance the acquisition of a 4-storey commercial property known as Pacific Towers 7.4 100,000 10 years 73,635 10,000
Letter of credit / Trade financingAl-Rajhi Banking & Investment Corporate (Malaysia) Berhad To facilitate and finance local purchase/ importation of raw materials/ trading goods relating to Company’s principal line of business 6.5 40,000 N/A 22,500 10,000
Total 307,553 33,000
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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....
Mikecyc
44,231 posts
Posted by Mikecyc > 1 month ago | Report Abuse
Haha this one must be taken the famous Swing Swing Swing medicine M16454 .....🤣🤣😅
Stock: [JAKS]: JAKS RESOURCES BERHAD
1 week ago | Report Abuse
tmr will drop back .
Stock: [JAKS]: JAKS RESOURCES BERHAD
1 week ago | Report Abuse
tmr limit upppppppp
tock: [JAKS]: JAKS RESOURCES BERHAD
2023-07-21 11:58 | Report Abuse
haha u seee.... dropping.... small fish is struggling again.
Stock: [JAKS]: JAKS RESOURCES BERHAD
2023-07-21 10:55 | Report Abuse
good luck everyone....... when share is in big volume, it is for the banker to attract small fish to help them to clear stock... hahaha
Stock: [JAKS]: JAKS RESOURCES BERHAD
2023-07-19 10:04 | Report Abuse
luckily i bought 1m units last Friday. GoGOGO