Icon8888 Gossips About Stocks
(Icon) Jaks Resources (5) - I Remain Defiant
No need for me to provide too much details, I guess almost everybody knows what had happened to Jaks lately (rights issue went ex, lousy results, massive sell down).
Almost everyone is now super pessimistic about Jaks. Except for me. I have studied Jaks' latest quarterly report in detailed. As far as I am concerned, fundamentals remain intact.
I have predicted Jaks price collapse a few months back (belatedly after I bought it. But I decided to hold it anyway, albeit at curtailed exposure). I have given hints in this forum before about that, which I will dig out in the future to substantiate my claim. So far everything that happened matches my expectation and prediction.
I am not going to reveal too much details in this article as nobody is in a mood to listen. The herd mentality has taken over. Everybody is in bearish, cynical and panic mood. Whatever I say will not be well received.
I will only write about Jaks again when things turn around. Otherwise, it will mean that I have been wrong (namely, Jaks is indeed a basket case) and I have suffered losses.
See you.
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Discussions
6 people like this. Showing 49 of 49 comments
Thanks bro . I take note of your advice
CharlesT Meanwhile put some eggs in AA/supermax/genm....dont be too obsessed with yr vietnam sweet lady...
01/12/2018 06:54
2018-12-01 08:01
No no no icon888, you should revealed more detail now while the price is Low. Or when price is Low , peoples will consider buy into it. And when price is stabilise and up then no need to revealed Liao lar
2018-12-01 08:32
People cannon behind horse when price up, they will get scolded for talking rubbish. This is first time I hear this kind of cannon behind horse when price collapsed.
Hard core rule in stock market is people buy share because they hope (not expect) price will up & sell/run when price will collapse. (LOOK carefully, not reduce but collapse!!!)
In Icon8888 case, he said he predicted, when one guy lose so much money, I really can’t understand the logic of such statement.
When the price drop more than 70% from the peak in less than a year, it is too much speculation & shit holes in it, no matter how sweet the talk, it is still sweet talk!
Icon8888: “I have predicted Jaks price collapse a few months back”
2018-12-01 08:56
Tis good news kan
So far, only RM591m has been recognized or only 31% of total construction cost of RM1.89bn with c.1.5 years to targeted completion date.
That said, management still believes that the power plant is on track to complete on schedule
♡♡♡
1,890,000,000 - 591,000,000 = 1,299,000,000
Balance 1,299,000,000 over next c.1.5 years
At profit 20% profit adalah c.259,800,000 in c.1.5 years
Profit c.43,300,000 per quarter
That said, management still believes that the power plant is on track to complete on schedule
Just slower tapi in c. 1.5 years
♡♡♡
01/12/2018 09:50
2018-12-01 09:52
Again, trust yourself rather than following others. Take others' opinion with pinch of salt and make a genuine decision of your own.
2018-12-01 10:42
I have already anticipated you will say things like that. From day one, I already know you are a hopeless cynics that think everybody lies and con to make a living. I already mentioned in my article that I will provide irrefutable proof to substantiate my claim. Reserve your accusation of Canon behind horse until later stage when you actually see my proof. Now just be patient and wait
KLCI King People cannon behind horse when price up, they will get scolded for talking rubbish. This is first time I hear this kind of cannon behind horse when price collapsed.
Hard core rule in stock market is people buy share because they hope (not expect) price will up & sell/run when price will collapse. (LOOK carefully, not reduce but collapse!!!)
In Icon8888 case, he said he predicted, when one guy lose so much money, I really can’t understand the logic of such statement.
When the price drop more than 70% from the peak in less than a year, it is too much speculation & shit holes in it, no matter how sweet the talk, it is still sweet talk!
Icon8888: “I have predicted Jaks price collapse a few months back”
01/12/2018 08:56
2018-12-01 10:45
this Icon got future.
stockmarket performance about practice, habit and character.
Icon got habit and character of KYY......got future.
2018-12-01 10:54
Pls lah qqq3 even u dont like icon8888 u dont hv to curse n insult him like that lah
Dont take things personally..ok?
2018-12-01 11:28
if really predicted the price collapse few months back....then should have waited till now only buy in lor...why bought at much higher price leh? Doesn't make sense lol
2018-12-01 12:23
y CharlesT > Dec 1, 2018 11:28 AM | Report Abuse
Pls lah qqq3 even u dont like icon8888 u dont hv to curse n insult him like that lah
Dont take things personally..ok?
=============================
where got curse?
its true u know...this icon got the defiance of KYY....He got future.....bull market come, he makes lots more than I can.
2018-12-01 12:29
I dunno... Maybe the market wants to see improved earning as fact then baru hoot? Now it's landmine everywhere.... Buy what drop what
2018-12-01 12:35
Once Power plant earning is online, efficient market hypothesis will prove the fundamental of the stock.
2018-12-01 12:36
Ok, Icon8888, hope you will be right then. Just thst Market is scare of another mudajaya in making, unless Jaks proved it can generate good profit from the vietnam power plant, the general market will still presume such way.
2018-12-01 14:23
But hope you have not sailang this stock, in case it didn’t deliver. 留得青山在，不怕材没有。两手准备，进退可容。
2018-12-01 14:28
is how ur fundamental work in 2018?
2018 i3investor stock pick loss -72.79% ?
2018-12-01 18:11
Icon8888: I think Salvador Dalí's situation is worst than u as he also sailang all. Jaks is not tat bad. But I really hope it can felt to 0.26.
2018-12-01 19:48
Icon8888: Luckily I have disposed my previous holding at 0.90++ all. Now I have started buying again when it was 0.52-.
2018-12-01 19:51
Think about what u r investing in.......... u r planning to be a partner of jaks ........ hoping they will make money from a power plant business that have no experience in....absolutely zero...... they r a typical Alibaba business........ u all keep saying in bursa u need to rely on your own work to succeed and not blindly follow a sifu....... this applies to jaks too..... they blindly follow a China company and u expect they will make jaks a lot of money ? This is venture capital level of risk which no serious retail investor can hope to succeed....... think carefully
2018-12-01 20:01
Wow Congrats Icon88888 bro......at this current situation still steady to look at the fundamental.....many investors already loss emotional....
Great that still to see you so optimistic...
THis year whole year can be year for big shark distribution.
Hope we can hunt some good fundamental stock.
2018-12-01 21:08
I admire your conviction. I’m happy to punt some warrants if I can get them for a few cents. But frankly, there’s too many unknowns. The reasoning uncle koon used, that Chinese banks has done their due diligence, and therefore the project will be profitable, is a weak conjecture. Chinese banks are known to fund unprofitable overseas projects to trap creditor countries in debt. Short of having access to the actual agreement between Jaks and the Chinese contractors, it’s at best a calculated punt, in my opinion. Anyway, all the best and may Jaks be profitable for you.
2018-12-01 21:16
Be warned. If warrants not subscribed, the company will still lack of RM70mil funds it seeks. If so, do expect another round of fund raising, be it private placement or right issues.
2018-12-01 21:32
u ppl force me to relook jaks for the x time.... ok i'll do it one more time...
2018-12-01 21:37
There are 3 things needed to be a good investor.
1) The ability to estimate intrinsic value
2) The ability to buy more or hold as prices fall
3) To be right.
I hope you pass the last. That sweetness of being right, is ultimately of little value to me.
Whether you make or lose money is of zero consequence to me, but of large consequence to you.
Good luck.
I remember this value investor sifu, he was a big buyer of valeant. As prices fell from 300 usd to 12 dollar. He made a video reiterating his research and saying he will go all in.
He was wrong. No more videos.
Really good luck, i hope you are right and make alot of money.
2018-12-01 22:14
"There are two kinds of people who lose money: those who know nothing and those who know everything." ~ Henry Kaufman
2018-12-01 23:02
CharlesT > Dec 1, 2018 08:08 PM | Report Abuse
Qqq3 do u want to confess?
=============
confess what?
2018-12-01 23:04
Fabien Extraordinaire > Dec 1, 2018 11:02 PM | Report Abuse
"There are two kinds of people who lose money: those who know nothing and those who know everything." ~ Henry Kaufman
====================
wrong....Those who know nothing can at least make money through luck....those who know every thing cannot even act....paralysis through analysis.
2018-12-01 23:07
d by Fabien Extraordinaire > Dec 1, 2018 11:12 PM | Report Abuse
It is important knowing what you don't know.
===========
stock market works in mysterious ways......
I am sure u read of the story of the widow who knows nothing of shares who got hundreds of millions $ worth of Apple ( and one of many others )...and the smart alec analyst ( the KC types?) who got nothing.
2018-12-01 23:16
kyy needs to drink tongkat ali lmao idiots, u guys are little sheeps following the Shepard, the shepard when hungry eats the sheeps lol go on join paid groups and be a sheep today lmao
2018-12-01 23:16
Posted by 1527640962 > Dec 1, 2018 11:16 PM | Report Abuse
, u guys are little sheeps following the Shepard, the shepard when hungry eats the sheeps lol go on join paid groups and be a sheep today lmao
============
good scold...scold all the sheep for me.....
2018-12-01 23:20
forgot to add: when 1 sheep dies and gets eaten, the sheep still follows the shepard in dreams of finding heaven. However they forgotten that the sheppard sells some sheeps as well. with the money he enjoys it himself while new sheeps joins the shepard the following year in hope and dreams of heaven.
I name this tale : THE FOOLS THAT DREAMS OF PARADISE
2018-12-02 00:40
1527640962 > Dec 2, 2018 12:40 AM | Report Abuse
forgot to add: when 1 sheep dies and gets eaten, the sheep still follows the shepard in dreams of finding heaven. However they forgotten that the sheppard sells some sheeps as well. with the money he enjoys it himself while new sheeps joins the shepard the following year in hope and dreams of heaven.
I name this tale : THE FOOLS THAT DREAMS OF PARADISE
=============
good scold....sheep is sheep.....sheep always dream of heaven...what else can it do ?
2018-12-02 00:43
@icon8888
would appreciate if you can share you insight on recent qtr result and why you still think it is a good buy/good hold, the fundamental still sound , & the Vietnam IPP project still good ??
please ignore those idiots who post useless comments
many more in here is to share insight and knowledge that we might have overlook but you might have another different perspective to see from
2018-12-02 00:50
Posted by qqq3 > Dec 1, 2018 11:16 PM | Report Abuse
stock market works in mysterious ways......
I am sure u read of the story of the widow who knows nothing of shares who got hundreds of millions $ worth of Apple ( and one of many others )...and the smart alec analyst ( the KC types?) who got nothing.
KC again?
You know the KC type never lost money in Mudajaya, Jayatiasa, xingguan and most recently Jaks and Sendai?
Who is the real smart Alec who PLP his boss so much that he kept on drinking koolaid?
Who was the smart alec who kept on telloing others to sailang and margin Jaks and Sendai?
I am really amazed that he can still talk cock like that.
Shame on you.
But like what SSlee said, his skin is the thickest.
2018-12-02 01:03
kcchongnz > Dec 2, 2018 01:03 AM | Report Abuse
You know the KC type never lost money in Mudajaya, Jayatiasa, xingguan and most recently Jaks and Sendai?
==============
kc...u didn't lose money on those shares, you will lose money on other shares in last 18 months.
how much money a person loses ( or makes) is a function of habits and character and luck too.
2018-12-02 01:12
Posted by qqq3 > Dec 2, 2018 01:12 AM | Report Abuse
kc...u didn't lose money on those shares, you will lose money on other shares in last 18 months.
how much money a person loses ( or makes) is a function of habits and character and luck too.
Obviously you did not read my articles recently. Please read them. The links are as below,
https://klse.i3investor.com/blogs/kcchongnz/183163.jsp
https://klse.i3investor.com/blogs/kcchongnz/177480.jsp
https://klse.i3investor.com/blogs/kcchongnz/176865.jsp
Winning or losing is normal. It is not that important.
Yes, the character of someone is more important. In this aspect, I really don't see any sign of good character in you.
2018-12-02 01:25
Whay call other people pondan? Was that learned from one ‘s mother’s teaching?
This is new era, don’t act like orang utan, It is totally narrow personal biased attitude & humiliation.
2018-12-03 10:59
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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....
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I'm in a mood to listen. Because i want buy.But i can't see much beyond risk and reward probably not that stupid. And power plant, may make profit. And at this price, not a stupid bet to make.
2018-12-01 04:18