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Cantik!!

I second, third and fourth that..

Worthy winners all

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Today lets visit Jaks locally solar plant project.

Background
LSS 4 is a large scale solar generating plan with total awarded capacity of 826.06 MWa.c
Total of 30 bids was awarded from 2 category. P1 ( 10MWac to 30MWac) and P2 ( 30MWac to 50 MWac)
Jaks was awarded P2 package
Winning bid ranges from ( RM0.1768 Kwh to RM0.1970Kwh)

Below is excerpt from Jaks AGM from 29th June 2021 shared by Mr Ang
1) Project cost at LSS4 to be around RM200 Million
2) Funding at 80%-85% from banks
3) Payback period 12 years

Lets set funding at 80% @ RM160 Million
Banker involved is UOB and AMbank Islamic
In March 2022, both banks quoted lending rate around 6.3-6.5%
Period 16 years
Interest pa RM10.24 Million
Principal pa RM 10 Million

Contract awarded is 50 MWac
No Solar plant in the world is efficiently operating. PLF ( Plant load factor) usually ranges from 30-70%. Daytime will only generate power at high efficiency. Rainy and Nighttime we will remove power generation ability. We will assume 50% for Jaks plant.
Expected Max Revenue pa
50MWac or 50,000 KWac
50,000 x 24 hrs x 50%
600,000 KWac per day
3219,6000,000 KWac per annum
Revenue : RM 43.143M pa

After less Banking commitment RM 20.24 M, Again not much left for operational expenses especially maintenance.

Dont get overhyped by promoters at solar project... the market didnt think so too

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Jaks can only pay dividend if it’s not cash.. maybe use BULU to pay.

That company is a black hole with new projects gestation period over 10 years..

Wait long long like waiting for musang king Fall

🤣

Now go kai kai first..

Later come back and we discuss Jaks LSS4 solar plant

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Want to con is called - a dream

Can the con be successful when so many Rela members parked here

That’s the reality

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@ Stingray

If no bagi chance.. I will post 4c

Cos for a bad cash flow company like JAKS with over 5 years negative position, Chance already given, cos I given allowance dividend to be paid out this year...

If not.. 4c le which is most likely the value of JAKS.. cos company no money

😂😂

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Correct.. QL so profitable, stock price high, dividend constant... CEO only RM4.0 Million. Worth it

Compared to Jaks.. apa habuk pun takde.... RM9.95M

Worse case... salary not from profit generated.. 😂

Shareholders taken for a ride

Haha..

My mummy always say.. See a crazy person on a street, walk to another street

But I prefer confronting this crazy person.. Cos he "kosong" type

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I think not..

He call others Pokkai because he is...

So he hope others share the same fate

He watched too many times "Titanic".. I pokkai.. U pokkai 😂

Posted by StingRay > 2 minutes ago | Report Abuse

Keep calling others pokkai. Keep hoping that others loss naked until pokkai. 🤣🤣🤣

2.7 B divided by 16 agencies is how much ah? Enough to fill which company’s tooth gap?

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When a company has such huge negative operating and free cash flow position:

Breakdown TTM 12/30/2022 12/30/2021 12/30/2020 12/30/2019
Operating Cash Flow -62,823 -80,946 -31,394 20,943 211,653
Free Cash Flow -200,367 -221,265 -34,748 -11,052 211,569

Guess where the money comes from? Definitely not money generated from operations. 😡😡

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@ Ular..

The profit reported by Jaks, I dont thinks it from revenue generated from power generation. Its just flow back commission and its just a fraction of what was agreed during the initial stage.

What is certain, This power plant is facing many issues. Money, regulatory, profit etc

Can continue camp here... will be interesting to see how Jaks dig themself out of this hole

Easy then.. Take up my challenge.. Dont snipe and run

Hoho see Pokkai Kon Huangbk72 don’t know where to get The Remunerations details… only know Write Essay , copy n repost other ppl post info .. to Kon ppl ..

No wander is Loss Naked in Pmcorp on 2013 until hibernated more than 7 years .. as a Promoter together with Conartist Calvin .. taken Calvin Info ke … hahahaha…

@ SSLee

Correct me if Im wrong
Jaks is 100% facing cash flow issues.

If receivables are solely generated from Vietnam, it reinforces the data that they are facing issues there.

Best is the management comes clean on Vietnam power agreement. There are never any disclosures

Right SSLee

A quick check with industry players, this should not even happen. Its the basic operations of a plant. Never should have continuous breakdown. Means a bigger issue is not disclosed.

Posted by Sslee > 10 minutes ago | Report Abuse

No wonder Jaks cannot received the retained money (receivables) for JHDP project. Jaks contracted conveyor belt transporting system is often broken.

At the meeting, Chairman of Quang Thanh Commune People's Committee Luu Huu Nhan reported: Because the conveyor belt transporting ash and slag from the thermal power plant to the gathering yard is often broken, the plant has transported it by public road and has discovered generates dust, causing environmental pollution.

"The dust is because the road has a steep slope. Going there, the car generated dust and people reported that many times they went out to block the car from moving. The government has mobilized and propagated for the people to understand so as not to lose security and order," Mr. Nhan said.

After listening to reports from relevant units, Vice Chairman of Hai Duong Provincial People's Committee Luu Van Ban concluded:

It is required that from 0:6 on September 9, Jaks Hai Duong Electric Power must immediately stop transferring ash and slag waste out of the factory by both road and waterway.

Temporary pause until the enterprise overcomes the environmental pollution situation when transferring ash and slag waste from the factory to outside.

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@ ular

This sole project in Vietnam is killing Jaks

100% black hole

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@Start of Bull

Today is the 1st day of 9 emperor festival. It’s a important day for Chinese

If you link it to hantu, that’s disrespectful to all their devotees

Hi Bruce

Been awhile since we were commenting in Serba.

Cant say much about projects and where the money went for Jaks.. just started analyzing the company. Bit by bit... but eventually much more will be uncovered.

One interesting fact for today.. CEO pay. Not easy to find a debt stricken company that pays its CEO so well.. So well above market

Found out that Jaks CEO annual compensation is through the roof. Not normal.

Comparison of CEO annual remuneration. ( compared to fellow competitors and thrown in Petdag as a yardstick)

Jaks - Mr. Lam Poah Ang - Latest Remuneration - RM9,951,702
KKB - Mr. Pok Tong Kho - RM899,000
Samaiden - Pui Hee Chow - RM511,643

PetDag - Azrul Bin Osman Rani - RM1,894,800

Is is extremely hard for Jaks to pay any dividend. They are relying on external funding or funds not generated from operations to keep running.

Below is the company cash flow position for the last 5 years.

Breakdown TTM 12/30/2022 12/30/2021 12/30/2020 12/30/2019
Operating Cash Flow -62,823 -80,946 -31,394 20,943 211,653
Free Cash Flow -200,367 -221,265 -34,748 -11,052 211,569

Profit can easily be adjusted. Cash flow is difficult to adjust and it shows actual health of the company.

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@ Ular

That super slanderer is stuck now in Jaks thread after being slapped around by joyvest. I don’t think he is able to “debate” properly.

As usual, he started resorting to profanity aka paikia. Probably busy few days digging up 18 generation on joyvest.

Same thing happened to me. LOL

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