Posted by Johnchew5 > 1 week ago | Report Abuse

Posted by Johnchew5 > 1 day ago | Report Abuse

Hoho Lee ask you the Question again .. You don’t feel Malu ke nowadays when you Telling Lies ? Hohoho

Posted by hltan88 > 6 days ago | Report Abuse

Why so good news signed MOU then share price still can't not goes up?

Posted by Silentreader88 > 6 days ago | Report Abuse

because :

1. PP subscriber all dispose. they bought at 12, 12.5 cents
2. no operator interested to push up this counter
3. lousy and incompetent company management, they dont bother about stock price

Posted by Alex™ > 6 days ago | Report Abuse

dropping by to say hi

Posted by hltan88 > 6 days ago | Report Abuse

Silenttreader88。 Thank you... Haiz... This company.

Posted by Silentreader88 > 6 days ago | Report Abuse

but sometime weakness moment is the best opportunity to collect at low. No idea they want to dispose until when.

Posted by Just88 > 6 days ago | Report Abuse

Only for those who have earlier followed my strategy "sell now buy back later" and sold at 0.19-0.20, I wish to inform that I m buying back now.

Posted by Just88 > 5 days ago | Report Abuse

https://klse.i3investor.com/web/blog/detail/righton/2024-05-07-story-h-181900615-WHY_DO_I_THINK_JAKS_IS_A_BARGAIN_NOW

Posted by Silentreader88 > 5 days ago | Report Abuse

I do somewhow think the same, its a bargain now. Those who keep cutting loss at lowest now will be regretful just like what happened in reneuco (current price 100% gain from lowest 2 months ago, warrant 200%)

Posted by Realrich > 5 days ago | Report Abuse

Operator sales news now drop back.

Posted by Alibone > 4 days ago | Report Abuse

Hi, Just88, I know you are very close to DK. May I ask whether DK is also buying Jaks now ?

Posted by Just88 > 4 days ago | Report Abuse

Alibone, I gave my detailed analysis to DK for comment. He agreed that the negativity of the cash flow deficit is alleviated substantially when the RM200m syndicated loan is excluded. However, he is still concerned with the collectivity of the receivables given the significant write offs in the prior years. Nevertheless, he agrees that the risk reward is attractive now and he is considering subscribing for the private placements.

Posted by Huangbk72 > 4 days ago | Report Abuse

Syndicated loans has no relevance or connection to negative cash flow.

Posted by Sslee > 4 days ago | Report Abuse

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

307,553 33,000

Know how much interest and pricipal repayment per year for above 3 loans alone?
Is the yearly dividend from JHDP able to cover yearly interest and principal repayment?

Many more years of negative cashflow and need more PP or RI to stay afloat.

Posted by Just88 > 4 days ago | Report Abuse

Prior to the release of 2023 annual report, it was not known to me that there is a RM200m loan included in the total borrowings of RM500m. I was doing a cash flow projection of Jaks for the next 6 years before the JHDP loans are fully repaid. The future cash flow deficits are projected to be very severe and hence expectation of numerous PP and RI to deal with the cash deficits. If the syndicated loan is excluded from the cash flow projection, the severity of negative cash flow is substantially reduced.

Posted by xiaoeh > 4 days ago | Report Abuse

Posted by Just88 > 35 minutes ago | Report Abuse
Prior to the release of 2023 annual report, it was not known to me that there is a RM200m loan included in the total borrowings of RM500m. I was doing a cash flow projection of Jaks for the next 6 years before the JHDP loans are fully repaid. The future cash flow deficits are projected to be very severe and hence expectation of numerous PP and RI to deal with the cash deficits.
"If the syndicated loan is excluded from the cash flow projection, the severity of negative cash flow is substantially reduced".

can the syndicated loan to be excluded Just88?

Posted by Just88 > 4 days ago | Report Abuse

xiaoeh, the syndicated loan is for the solar project of which the bankers must have assurances that the cash flows generated from the solar project are certain to be able to service its loan. Therefore, the syndicated loan should not be a concern to Jaks especially when we are trying to determine the severity of Jaks' near term future cash flow deficits.

Posted by Sslee > 4 days ago | Report Abuse

LSS4 electricity rate is so low. Last 2 quarter LSS4 is still lose making. It mean after paying the loan interest the depreciation charge is not enough to pay the loan principal.

Posted by Just88 > 4 days ago | Report Abuse

Depreciation charge is a non cash flow item which does not involve cash payment. LSS4 is making losses due to depreciation charges but net cash flow should be positive and able to pay the loan principal.

Posted by Sslee > 4 days ago | Report Abuse

Know depreciation based on how many years and the term loan tenure?

Posted by Sslee > 4 days ago | Report Abuse

Forget about jaks. Come back only in year 2030.

Posted by Just88 > 4 days ago | Report Abuse

Depreciation is a bigger amount as it is based on the entire cost of the solar project while loan repayment is based on the loan taken which may be on 60 -70% financing. In any case, the Bankers always play safe.

Posted by Sslee > 4 days ago | Report Abuse

2023:2022
RM: RM
Administrative expenses (100,334,580) (98,804,553)

Posted by MrHuangBK > 4 days ago | Report Abuse

PP priced at 12c

You will buy Jaks now ? 😂

Posted by Sslee > 4 days ago | Report Abuse

Know why JHDP 25% equity 75% loan reported very good profit but can't pay good dividend.
Bankers play safe wants their money back with interest in 10 years and you can have your plant for 25 years.

Or maybe China Partner depressed Jaks of money to take up the addition 10% option.

Posted by Sslee > 4 days ago | Report Abuse

Jaks will be look like a fool if they spend more money or taking up more borrowing for new Project/MOU when they did not take up the addition 10% JHDP that gave Jaks so much share of profit.

Posted by Sslee > 4 days ago | Report Abuse

Investment in Joint Ventures (“JV”) (Cont’d)
(b) Summarised adjusted statements of profit or loss and other comprehensive income
2023: 2022
RM: RM
Adjusted profit for the financial year,representing total comprehensive
income for the financial year 436,865,607: 520,633,162
Included in total comprehensive income are:
Revenue 2,615,472,587: 2,553,073,558
Amortisation/Depreciation (327,852,531): (317,750,163)
Interest income 3,176,777: 3,493,288
Interest expense (469,976,824): (265,209,747)
Taxation (6,504) (17,199)

Is JHDP free cash flow enough to pay borrowing principal?
Note: interest payment is RM 469,976,824 and as 31/12/2023 current borrowing is RM 711,609,518 and non current borrowing RM 3,972,787,018

Can JHDP afford to pay dividend for year 2024?

Have a second look at jaks only after year 2030.

Posted by Johnchew5 > 4 days ago | Report Abuse

Hoho repost from Capital a :

Posted by Johnchew5 > 10 minutes ago | Report Abuse

Hoho Slee are you still taking the wrong medicine since a year ago .. until limit down stress depressed syndrome.. too lonely working in Transit Indonesia at 64 ?? Hohoho …

Johnchew5
10,248 posts

Posted by Johnchew5 > 6 minutes ago | Report Abuse

Hoho , Slee said will asked Insas to include Remisier Commission wording in Other Operations Expenses… Any reply ? Still taking the Wrong medicine ke at early morning ?? Hohoho….

Posted by MrFox > 4 days ago | Report Abuse

Have a second look at jaks only after year 2030.


a good piece of advice

Posted by Johnchew5 > 4 days ago | Report Abuse

Hoho , Slee stucked in Jaks on 2017 … and posted on 2023 :

13/04/2023


Stock: [INSAS]: INSAS BHD
week ago | Report Abuse


Windy1974 sold his CapitalA on 13/4/2023 morning at 80.5 cents for some trading gain. He will trade again when opportunity arise. 👉Me sold some of my jaks at 22 cents for some trading gain too. 


By next week most likely CapitalA will drop below 70 cents and someone will look at book lose instead of book gain.

Hoho … 2017 to 2023 is 6 years .. 2024 to 2030 is 6 years also le .. he must be followed the One Man Fund Manager loss …. also in Xinquin until delisted on 2019 … hohoho

Posted by Johnchew5 > 4 days ago | Report Abuse

Hoho as posted earlier, let’s see 1st on coming QR result by this month …

Posted by Johnchew5 > 4 days ago | Report Abuse

Hoho Windy1974 suddenly appeared in Insas and recommended a speculative stock chasing High … the Next Day is Burned …

Posted by joyvest > 4 days ago | Report Abuse

who got stuck on Jaks with the current pathetic share price of 13 ? .By the end of this year , it is expected to become a penny stock

Posted by joyvest > 4 days ago | Report Abuse

No matter how cheap the PP price would be, no one is interested to subscribe for it . The PP exercise is destined to be doomed

Posted by joyvest > 4 days ago | Report Abuse

No matter how their QR is reflected , it doesnt change the perception of the investors towards this hopeless counter.

Posted by Just88 > 3 days ago | Report Abuse

Expected cash inflow in 2024 includes private placement 28m, JHDP retention money 69m, and dividend from JHDP 48m. Bank borrowings due for repayment in 2024 is 74m and 42m in 2025. Thus, positive cash flow for 2024 and 2025. Projected cash flow deficits for the following 4 years total around RM90m which is manageable thru refinancing into 2030 where huge dividend is expected from JHDP after its loans were fully repaid.

Posted by tssl74 > 3 days ago | Report Abuse

@Just88,
are you holding?

Posted by Just88 > 3 days ago | Report Abuse

Stock: [JAKS]: JAKS RESOURCES BERHAD

2 days ago | Report Abuse

Only for those who have earlier followed my strategy "sell now buy back later" and sold at 0.19-0.20, I wish to inform that I m buying back now.

Posted by Sslee > 3 days ago | Report Abuse

Know what is Jaks yearly Administrative expenses?

Posted by MrFox > 3 days ago | Report Abuse

not interested! as only after year 2030.
haha

Posted by Sslee > 3 days ago | Report Abuse

Current liabilities as at 31/12/2023
Trade payables: RM 238,421,953
Other payables: RM 231,693,290

So enough cashflow for above?
If not enough, no worries more PP or RI coming.

Posted by Just88 > 3 days ago | Report Abuse

You forgot to mention the receivables ??