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16 comment(s). Last comment by uptrending at Aug 17, 2020 1:46 PM
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abang_misai
1720 posts

Posted by abang_misai > Aug 16, 2020 5:04 PM | Report Abuse

Dk, abang sudah sangkut 350k@0.82.


abang_misai
1720 posts

Posted by abang_misai > Aug 16, 2020 5:09 PM | Report Abuse

I have an experience working for a company that did JV with another company. There is no way to manipulate the JV's account, spend JV's money on the unnecessary. Even to appoint a sub-con will require multiple layer of approval. In short, if a JV company made money, it will be declared rightfully. There is no way the money goes to private pocket. Because of this ALP will not be able siphone out the JV's money.


abang_misai
1720 posts

Posted by abang_misai > Aug 16, 2020 5:14 PM | Report Abuse

Lesson learnt from jaks - only buy stock when the "growth story" is about to generate income.

Like Icon8888 who used to say buying into a company with a long digestion period will usually bring a host of horrible nightmares


abang_misai
1720 posts

Posted by abang_misai > Aug 16, 2020 5:19 PM | Report Abuse

Jaks' power plant is categorised as the first generation PPA which is comparable to the YTL Power's PPA in the 1990s where it is protected against rising cost of coal & currency exchange. In short, profit is guaranteed.


stockraider
20983 posts

Posted by stockraider > Aug 16, 2020 5:28 PM | Report Abuse

There is no guarantee u make monies mah...!!

JAKS IRR 11% pa is in Dong.... U borrow USD n u receive Dong during the concession loh...anything can happen mah...!!

1. U may have teething problem.
2. There maybe dispute with the Govt.
3. There maybe dispute with JV partner.
4. Jaks maybe unable to raise the finance.
5. There maybe over spending on capex.
6. The operating cost may be wrong calculated.
7. The loan interest may go up.
8. The dong value may come down

Too many variable to say sure guarantee profit loh...!!


abang_misai
1720 posts

Posted by abang_misai > Aug 16, 2020 5:45 PM | Report Abuse

Haha

1. U may have teething problem - CPECC is an experience builder & operator of coal plants in China. CPECC is No.1 in China

2. There maybe dispute with the Govt - PPA signed off

3. There maybe dispute with JV partner - Agreement intact

4. Jaks maybe unable to raise the finance - to finance the option 10% is a question mark as at now.

5. There maybe over spending on capex - completed on time means no over spending

6. The operating cost may be wrong calculated - CPECC will demoted to No.2 in China if mis-calculation takes place.

7. The loan interest may go up - we are now living in low interest regime for a long long time.

8. The dong value may come down - this is irrelevant. PPA in USD.
16/08/2020 5:44 PM


abang_misai
1720 posts

Posted by abang_misai > Aug 16, 2020 5:47 PM | Report Abuse

Given my entry cost is relatively low, the risk I assume is much smaller compared to most of long time kaki who get stuck here.


newbie8080
1837 posts

Posted by newbie8080 > Aug 16, 2020 5:50 PM | Report Abuse

It will be lower than 0.50, after the Rights issue


Michael Dreamun
289 posts

Posted by Michael Dreamun > Aug 16, 2020 7:38 PM | Report Abuse

So far management didn’t make any effort to improve the images of its own company. Think about that!


sign's uncle
1529 posts

Posted by sign's uncle > Aug 16, 2020 7:41 PM | Report Abuse

those who bought n waiting will probably buy the rights too. new buyers may wait after rights


sign's uncle
1529 posts

Posted by sign's uncle > Aug 16, 2020 7:42 PM | Report Abuse

growth story is there. got potential. only have to settle the star issue n rights 1st


gemfinder
4069 posts

Posted by gemfinder > Aug 16, 2020 7:55 PM | Report Abuse

Setle the tahi first la


pputeh
667 posts

Posted by pputeh > Aug 16, 2020 9:25 PM | Report Abuse

By the time all that is settled u won't get it at this price. You can't have the cake and eat eat too. In any investment there is always an inherent risk factor! When you start yr car and go out, what guarantee is there yr coming home or when you lay down to sleep toninght there is no sure thing yr going to rise tomorrow morning.


gemfinder
4069 posts

Posted by gemfinder > Aug 16, 2020 9:29 PM | Report Abuse

Bankrapt counter


uptrending
1772 posts

Posted by uptrending > Aug 16, 2020 11:50 PM | Report Abuse

Many cut loss fella now waiting for water fish.. Haha!


uptrending
1772 posts

Posted by uptrending > Aug 17, 2020 1:46 PM | Report Abuse

Already cut loss fella still refused to go away.. Kept coming back hoping to buy back lower.. Hahaha

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