ChokeSlam
JAKS - A DEAL WITH THE DEVIL
SarifahSelinder
Publish date: Tue, 07 Mar 2023, 05:01 PM
10% PP katakan at 0.25 per share kan raise c 52m
Andy bilang PP is for early settlement of bank borrowings
Jadi NOT URGENT
Dividend received from Vietnam IPP now supposedly avaliable for paying dividend to JAKS shareholders is c RM 70m
Opportunity cost klau bayar dividend is no fund to early settle bank borrowings (klau nak put a value is RM 2.4m interest saving per Andy)
Andy has proposed a Dividend Reinvestment Plan DRP
Sarifah propose to JAKS shareholders to give an "undertaking" to do the DRP so that the fund will remain in JAKS so that x payah la bikin PP tu
Macam ni no PP dilution dan shareholders will get discounted price DRP shares
Klau PP Andy juga kena dilution
Klau Andy dah sampai max xde fund lagi Andy can take up just part of the DRP so rather flexible
DRP is cheaper than bikin PP too
Klau shareholders dah approved the DRP indicating intention to take up DRP yet Andy insist nak go ahead with the 10% PP than suspect la Andy
BREAK JAKS ASIK PP BAD REPUTATION !!
BREAK JAKS PP STIGMA !!
To approve and undertake to do the DRP to pre-empt the PP
And to tell Andy so
Andy has proposed a DRP
Don't let Andy be misunderstood
Bagi Andy benefit of the doubt
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Discussions
Be the first to like this. Showing 32 of 32 comments
U ketawa laugh at company that take bank loan to pay dividend
But here u are doing the worst
Here u are pressuring Andy to pay dividend by doing PP
2023-03-08 08:15
Dividend
In the CA 2016, the dividend rule is found in s131. It has two principles – ie (1) the dividend is to be paid out of the company’s profits; and (2) the dividend should not be paid if the payment will cause the company to be insolvent. As the directors are the ones who authorise the payment of dividends, they must be satisfied that the company will be solvent after the distribution is made.
Section 133(2) provides for the liability of the director and manager who wilfully paid or permitted to be paid dividends out of what they knew to be not profit. They are liable to the company to the extent of the amount exceeding the value of any distribution of dividends that could properly have been made.
The CA 2016 also prescribes the new liability imposed on the member. Section 133(1) states that the company may recover the amount of distribution received by a shareholder which exceeds the amount which could properly have been made unless the shareholder (1) has received the distribution in good faith; and (2) has no knowledge that the company did not satisfy the solvency test.
2023-03-08 08:24
Pls put in some malay sentences /wordings to promote malay as business language !!
Ini tak susah, bukan?
2023-03-08 09:44
EQUITY AND LIABILITIES
Equity attributable to owners of the parent
Share Capital 1,074,143
Reserves 26,188
Accumulated Profit 310,594
1,410,925
JAKS appears to have the profits to pay dividend
2023-03-08 09:47
Solvent?
Klau solvent in term cash flow mcm ada sikit question marks
Klau no PP to cover cash flow after paying divvy mcm stretching thing a bit
2023-03-08 09:49
Not expected
Byk PP especially this 10% PP to early settle bank borrowings
Not xcepted and but materialised
2023-03-08 09:55
Mixing English and malay can show that we can master both languages dan memperlihatkan bakat Malaysian ......
2023-03-08 09:56
Forgo the dividend this time or do DRP
Get Andy to stop this 10% PP
2023-03-08 10:12
This 10% PP is to pay debt and for working capital.
After that will be another PP or RI to pay for the 10% addition equity in JV Vietnam power plant.
2023-03-08 10:50
Klau tak pay dividend ada c 70m dari Vietnam kat bank d
Cash ni can use to pay debts and working capital
2023-03-08 11:13
Sarifah pasti declaring a dividend at this moment will not push up JAKS price
Lagi pun dividend tu pun x byk c 3 sen jer
2023-03-08 11:23
Pandai pandai la JAKS shareholders
DON'T pressure Andy to pay dividend just yet
2023-03-08 11:26
This is oso a test of Andy character
Find out if Andy proposed the PP for the benefit of his buddies
2023-03-08 11:27
Klau dah ada c70m kat bank
Tapi nak teruskan PP maka suspect la Andy
2023-03-08 11:45
JAKS NOS
Sekarang
2,042,317,607
Bila Vietnam IPP baru start
634,000,000
Increased by 1,408,000
Cannot blame if people see JAKS as PP king
Cannot do this 10% PP anymore
2023-03-08 16:06
Say no to dividend in this year 2023
At the least say u will do DRP so that there is no PP
2023-03-08 16:16
Who is to blame if you lose money in Jaks?
Already made known Directors are good at self-enrichment scheme years ago and still want to try your luck? Better go Genting to bet on Big-Small, at least you still have 50% chance.
2023-03-08 16:17
But looks like long suffering in denial shareholders are longing for the dividend as such kan bring on the full wrath of the 10% PP
2023-03-09 14:34
Andy has taken off his mask taken off his gloves
Price is falling kaw kaw
2023-03-09 14:36
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SarifahSelinder
Klau kena bikin PP so that can pay dividend Forget the dividend
Don't pressure Andy to pay dividend just yet
Do PP so that can pay dividend just doesn't make sense
2023-03-07 22:21