Stock: [JAKS]: JAKS RESOURCES BHD

Nov 1, 2021 12:55 PM | Report Abuse

what wrong I share with you my investment philosophy?

1. only invest in the business that you you are best informed
2. give some time for the business to validate the our calculation. 2 years is a good reasonable span of time for the business to exhibit its normalized earning and also for the management to prove to us that they have the capability to lead the company and create more value for the share holders.

based on the above philosophy

what wrong if I tell you "to buy and forget"



recycle for the benefit of the new readers who had missed my stories due to disturbance from Firehawk

See... how interesting is the game during the2 years journey.

Wise man find the way , lay man wait for the way . But both man big money if the choice is correct

Maybe my second round of kopi-o money is coming.

Every time the price breaks the 46 level it will come back quickly

Let's do a simple calculation how the quick money can be made . Wait for 2 years doesn't mean you can not make some kopi money when value has emerge .

Let's say

buy 100000 shares @ 0.44
Sell 100090 shares @ 0.47

Kopi-o money = 3000 ( before tax)

Your should not participate in i3 chitchat if you can not afford to see other people makes big money and you can not.

My good boy,

Do you find my guidance useful? Yes/ No

Firehawk,

Your mistakes

1. you have no shame
You have no hesitation to say in the public the black is white .
2. You have a small heart
When you do not like Aseng , no way you can accept whatever aseng said . Even though it is a truth .
3. You do not know how to protect yourself
More you said more damage you had made to yourself . If jaks is not your cup of tea , why waste your time here . Moreover you did not have the fact and data to prove it wrong now. Let the share price and the company result tell the truth . Aseng said 2 years , Can't you live longer to see whether he have made 200% or not .
Is it such a heart breaking pain for if more and more people believe what Aseng said.

Sting79,

Calvin is indeed a good Christian.
His contribution in i3 is undeniable
I like to read his stories too
He is a true gentleman
When I prove him wrong about the impact of coal price on the profit, he never try to protect himself to distort the truth.

So far did you provide any strong evidence that jaks is not a good buy ?
We like to know more opposite view about the power plant , not you grandmother story to tell us who make more who make less ?
Is this the way you live your life ?

I wonder is there anyone here interested to read your lengthy imagination .

Please be concise and precise

Rubbish!

Nice to have a friend to chat everyday to keep Jak forum active and Aseng 's stories laku.

Thank you.

Let me guess ,
how are you going to reply me ?

1. Very busy no time to play with you
2. lengthy, recycle, multi postings again .....
3. Good boy
4.still not record breaking, keep up

Am I right?

What is my prize ?

Firehawk ,
Don't pretend lah....
I doubt you have the money to do so
You don't look like the one who has the money to do that
Cut loss lah... and switch to jaks before it is too late to do so.
I know you want, but your ego forbid you to do so .
Don't fight with your hard earned money.

don't pretend busy lah.....

you are trapped now

hesitating to cut loss or not .



firehawk // Sorry! a bit busy bargain ....

no time to play with you :D
01/11/2021 4:19 PM

then don't buy , buy more trapped more unless you follow my advice

firehawk,

today market under strong selling ,
dropped 34.4 point .
biggest in the year if i am not mistaken

are you worry ?

i believe those who believe "fast and furious" are crying now
those who follow your advice must be cursing you now

Again , the market has prove Aseng " buy and forget" correct
if you are prepared to hold for 2 years at the time of purchase , any drop or rise in the share price within the time frame is none of your business
what more it is still far away
those who are holding the warrant even worst
they must be shivering now

firehawak ,

put down your ego ,
do not compete with anyone who is right , who is wrong
if you can not stop your competing heart, then compete who is more knowledgeable
my good friend "Human" has shown you a good example
share with us your knowledge about Jaks
sharing the facts and the data
you got to do your home work in order to do a good job
not just guessing, imagination , common sense
and the worst is distorted truth .
never do that
you will find your life more successful.

firehawak,

you are still too green to prove an old veteran like Aseng wrong

you may be lucky a few times to prove my strategy " buy and forget" is inferior to yours " fast and furious"

but

in the long run , you will never be able to achieve the success and the quality of investment life of Aseng

what is the advantage of the strategy " buy and forget " ?

1. if you buy and forget , the first thing you do when you wake up in the morning is to find a friend in the forum to talk .

2. daily price fluctuation will not spoil your days of happy living

3. everyday you are living with a beautiful dream of the good days that will come with a big gain of not less than 200% 2 years later .if you are lucky ,your dream of the beautiful days may come true less than 2 years , may be half a year, who know?

firehawk is good example of a spoiled investment life

1. every morning when he wakes up from sleep , the first thing he does is to look at the price ,
whether it is up or down . up 1 cent today down 2 cent tomorrow is not uncommon in the market nowadays . under such stressful condition , how can he know the taste of his cup of coffee

2. he like to guess and unfortunately every time he guess , almost every time he is wrong .

he guess when he can not make money in Jaks , no other man can make
what sort of mentality is this ? I called it poor man mentality.

For your information, i believe most of the member in our group who bought jaks before RI did not lose money because the right issue is only 22 cent plus free warrant . it is 8:5 + 4 free, i believe most of the members like me must have sold all the warrant and keep the mother share when the warrant was traded above 50 cent. we made a loud call to protect our profit in the group during the time . if there is still a paper loss for some of them , then it must be a negligible amount .
My members are here to read my message . I can not tell lie

what wrong I share with you my investment philosophy?

1. only invest in the business that you you are best informed
2. give some time for the business to validate the our calculation. 2 years is a good reasonable span of time for the business to exhibit its normalized earning and also for the management to prove to us that they have the capability to lead the company and create more value for the share holders.

based on the above philosophy

what wrong if I tell you "to buy and forget"

good morning my good friend ,
just woke up from sleep
last night watching movie late
still have not taken my breakfast
will come to you later
sorry

This is called factual sharing.
There is fact there is direction . There is history failure , there is present success that can he easily verified from the management
Well said human.
Firehawk ,
please learn , do not creating confusion under the skirt of generalisation and wild guessing that nobody know it is true or false.

Dear firehawk,


may be you are too busy
can not organize your facts well
i read your comments 3 times but i still do not understand what factual things that you wish to shared with us
so i am unable to provide you the proper guidance that you had wanted

but there is one thing you mentioned that had truly touched my heart
you are very busy
you do not have the time to reply the pm from your followers
but
to react to Aseng stories
time is never your problem

you are truly Aseng supporter in a very own way
in view of this
how can i not love you ?

well done.

Sslee// I am a little bit worry for Aseng closed mindedness. The effect of cult mentality if you only chose to listen to what you like to hear and from whom you idolize.

Aseng : sama-sama lah........ You worry for me I worry you. you have your reasons for doing so and I have mine . kita sama-sama stubborn old men , know what we are doing and believe what we are doing is right


Sslee// Any way I wish Aseng best of luck and we shall know how JHDP performed when Jaks published it next year annual report.

Aseng : Thank you. you are right
we should allow so time for the power plant to validate the result . 2 years is a good reasonable span of time for the management to prove to us that they have the capability to lead the company and create more value for the share holders


Sslee//Time will tell but time will not heal only forgiveness will heal all time

Aseng :sadhu sadhu sadhu

Actually I have no more new stories to share with you about Jaks

That is why some of the stories I got to repeatedly tell again and again for the benefit of the new readers

Actually if they do not push me to tell stories , then I prefer to stay side line to gather feedback to see to what extend my stories are accepted .

how can I keep quiet and not to defend my followers being misled when the evil start to tell a story which is full of bias and misconstrued .

why the short seller had stopped selling these few days ?

they know the coming quarter result at the end of the month will bring us good news

the good quarter result will confirm what I said is true

though not 100% but certainly a good reasonable degree

to win the game

we must have the strength to live longer than the short sellers

we must also have the wisdom to fight the wild guessing , weak generalization told by the fearmongers Mr firehawk and Mr Sslee

why I said these 2 gentleman have a vindictive motive ?


they were once a strong supporter of Jaks
( you may not know if you are new comer and also new ID is not uncommon in i3)

they were defeated by the market , they surrendered half way in the battle

they are very worry we can win

our victory will bring to them the most unbearable heart breaking pain in their investment life .

don't believe ?

then ask yourself a question

how are you going to explain their behaviour in this forum ?

have you ever seen a right thinking man behaving so queer before ?

do not tell me they are a fool

they must be a reason for them to stop Aseng to talk nonsense here .

a very strong reason for their survival in i3 without changing the ID

what should we do to win the game ?

Do nothing

in another word , do not sell your stock cheap to the short sellers

then the short seller got to pay a higher price to buy from you to cover their net short position

why ?

the power plant has started generating cash for the company ,

based on the peer comparative valuation it is about RM 190M per year

power plant is a recession proof and covid proof business

whether there is lock down or no lock down , people still need energy to live

Why I am so confident what I am doing is right ?

1. The power plant is real
It had started contributing income to the company
From today onwards you will never see Jaks reporting a negative income any more .
Based on the calculation done by DK , the fair value is RM1.50, derived after the conversion of all the warrants plus a 30M per year for domestic business loss for a period of 5 years
so it is a right decision for me to do nothing but enjoy my days talking to my good friends here for 2 years and expected to make a return of not less than 300%

2. The company is moving in the right direction . The future expansion into solar , hydro and LNG energy is timely and a right investment choice.. This will contribute another consistent income and further strengthening of the strong recurring income of the company. more important it is a very strong catalyst for the rerating of the current ESG score

3. based on the management guidance , disposal or discontinuation of the loss making domestic business is ongoing. any good news , anytime from now or after the lock down recovery will serve as a strong catalyst to push the shares price sky high


4. Is fund raising no good ?

it depends whether it is value accretive or value destructive . if your biased common sense is true , the IPO is the biggest value destructive and we have no good share to buy .


5. IS COMMON SENSE A TRUE KNOWLEDGE ?

Then recent speculation on the rising coal is a good example

THE FOLLOWING IS THE MANAGEMENT REPLY OF OUR QUERRY.

KUALA LUMPUR (Oct 11): JAKS Resources Bhd has given investors assurance that the recent fluctuations in coal prices will not impact the group’s profit generated from one of its power plants in Vietnam.

This is because coal prices for JAKS Hai Duong Power Plant in Vietnam are passed through to the off-taker, Vietnam Electricity, said JAKS chief executive officer Andy Ang Lam Poah in a statement on Monday.

“The coal supplied to the power plant is entirely sourced locally, via the coal supply arrangement signed with Vietnam National Coal-Mineral Industries Group, commonly known as Vinacomin, to ensure a stable supply of coal for 25 years. In light of this, JAKS is not exposed to the risk on the global coal price fluctuations,” he said.



Aren't these not good enough reasons to boost my confident . And this confidence is not built on sand but supported by valid facts.

shares trading is a game of confidence
but when the confidence must be derived from facts and data
then success is just a matter of time
so waiting is the only strategy

1. are you sure what you are talking is not biased ?

2. are you sure what you are talking is true ?

3. if what I am taking is nonsense , then why you will never miss to read ?

your answers to the questions is certainly as good as mine.

But you enjoy the old lady stories , right ?

You should have a good Saturday with your children .

Why should you come to Jaks forum to tell Aseng " don't talk nonsense", at the end spoil your Saturday and sacrifice the time with your children .

Is Aseng more important than your children ?

Outsmart Aseng is that a great achievement to you ?

Firehawk

You are still young ,

Still have a lot to learn .

Come to this forum to read Aseng stories often

I am sure you will improve.

see the way I retaliate you

so specific and direct to the point

what about you ?

other than a general statement that convey nothing what else more good can you said .

very disappointed

you still fail to prove me wrong

we are not same class of people

you are still at the level to prove yourself right

but

Aseng is at the level to prove himself wrong


no wonder mother Teresa's wisdom is a nonsense to you

when you can't even see yourself a fool ,

you are indeed a fool


this is not nonsense but some wise man said ,
i can't remember .
definitely not firehawk .
may be Aseng sifu

firehawk,

you are still too young to fight a giant

Mother Teresa :

Not everyone can be a great man in the world
but
everyone can do a great thing in his life

for your your information .
I am not selling tip .
I prefer to share it here free
i do not know whether I am rich or not rich
but
a successful story in my investment life is more valuable than the money i had made in the investment
I am jealous of DK
he had already made the story but I still have not

I am not telling you to buy Jaks , there are plenty of better choice outside if you have the skill to choose correctly .

I do not have the great skill like OTB who can guarantee you to laugh all the way to the bank every week .

but , I can't promise that

I can only promise you to lose less but gain big as shown in the market test above

see it yourselves , these are the best technical with good fundamental stocks that i had chosen and put it to a test the market shared publicly in our chat group.

the success of achieving a significant gain is just 25% so far .

whether we make a switch or no switch , we have the same disappointment and frustration if we are too anxious to gain .

conclusion : stay where you are still the best choice with some extra money to try your lucks is still the best choice

..................................................................................................................................................

company.................Monday........Friday 1.....Friday 2.....Friday 3.......Friday 4
Starting Date :20.09.2012
(closing price ).................................................................................................

ANCOM..................1.82..............1.94............2.30..............2.56............2.57
INARI......................3.78..............3.66............3.70..............3.78............3.89
SURIA....................1.22..............1.28............1.28.............1.25............1.25
UNITED U-LI..........1.59..............1.51............1.56.............1.55

-----------------------------------------------------------------------

Date ....Net Short Position ...Daily Short Selling .........Share Price.............VOLUME

1/10 ........34,869,100 .................-271,200 .....................0.46..........S.............9,808,200
4 .............35,241,600..................-372,500 .....................0.43..........S...........39,591,200
5 .............36,167,500 .................-925,900 .....................0.435........S...........29,798,900
6 .............37,493,700 ..............-1,326,200 .....................0.425........S...........21,189,200
7 .............40,566,800 ..............-3,073,100 .....................0.42..........S...........16,684,300
8 .............41,780,900 ..............-1,214,100 .....................0.43..........S.............8,042,500
11............41,771,400 ......................9,500 .....................0.445........B...........15,703,700
12 ...........41,767,300 ......................4,100 .....................0.49..........B...........35,010,500
13 ...........41,703,800 ....................63,500 .....................0.48..........B...........29,100,800
14 ...........41,592,900 ..................110,900 .....................0.475........B..............9,704,900
15 ...........37,300,500................4,292,400 .....................0.48..........B...........11,775,800
18 ...........37,760,500 .................-460,000 .....................0.495........S...........15,753,600
20 ...........37,342,700 ..................417,800 .....................0.485........B.............7,254,500
21 ...........37,342,700..............................0 .....................0.47........................11,582,900.
22 ...........36,774,200 ...................568500 .....................0.46..........B..............9,809,800
25 ...........36,774,200. ............................0 .....................0.47..........................5,209,200
26............36,774,200..............................0......................0.465........................8,626,700
27............36,774,200..............................0......................0.465........................6,455,800
28............36,774,200..............................0......................0.465........................3,536,500


B=BUY
S=SELL

What controversial are you talking about ?

Talk lah.... if you have good stories to share.

I can't stop you , can I ?

Why I am so confident what I am doing is right ?

1. The power plant is real
It had started contributing income to the company
From today onwards you will never see Jaks reporting a negative income any more .
Based on the calculation done by DK , the fair value is RM1.50, derived after the conversion of all the warrants plus a 30M per year for domestic business loss for a period of 5 years
so it is a right decision for me to do nothing but enjoy my days talking to my good friends here for 2 years and expected to make a return of not less than 300%

2. The company is moving in the right direction . The future expansion into solar , hydro and LNG energy is timely and a right investment choice.. This will contribute another consistent income and further strengthening of the strong recurring income of the company. more important it is a very strong catalyst for the rerating of the current ESG score

3. based on the management guidance , disposal or discontinuation of the loss making domestic business is ongoing. any good news , anytime from now or after the lock down recovery will serve as a strong catalyst to push the shares price sky high


4. Is fund raising no good ?

it depends whether it is value accretive or value destructive . if your biased common sense is true , the IPO is the biggest value destructive and we have no good share to buy .


5. IS COMMON SENSE A TRUE KNOWLEDGE ?

Then recent speculation on the rising coal is a good example

THE FOLLOWING IS THE MANAGEMENT REPLY OF OUR QUERRY.

KUALA LUMPUR (Oct 11): JAKS Resources Bhd has given investors assurance that the recent fluctuations in coal prices will not impact the group’s profit generated from one of its power plants in Vietnam.

This is because coal prices for JAKS Hai Duong Power Plant in Vietnam are passed through to the off-taker, Vietnam Electricity, said JAKS chief executive officer Andy Ang Lam Poah in a statement on Monday.

“The coal supplied to the power plant is entirely sourced locally, via the coal supply arrangement signed with Vietnam National Coal-Mineral Industries Group, commonly known as Vinacomin, to ensure a stable supply of coal for 25 years. In light of this, JAKS is not exposed to the risk on the global coal price fluctuations,” he said.



Aren't these not good enough reasons to boost my confident . And this confidence is not built on sand but supported by valid facts.

shares trading is a game of confidence
but when the confidence must be derived from facts and data
then success is just a matter of time
so waiting is the only strategy

If I will to do it , I will talk with the management first .

For you information , I find that recently jaks management is very customers friendly . The recent question regarding the the impact of the rising coal price is a good example.

Why Aseng did not participate in the LSS talk ?
Why should I ?

An outsider talking like an expert of an insider business.

The probability of to be proven wrong later is certainly higher than true.

Only snake oil sifu will do that

Only the newbies will believe hear say stories are true .

Daily short selling is zero these few days

It is a battle who can live longer .
Long term players mainly retailers who do nothing or short sellers ?

Now the price is holding steady at 0.465 . What does it tell ? Or what reasonable inference can we deduce from this price action ?

My 2 kopi-o talk inference

The shirt sellers had begun to reduce their short position .

Daily zero short selling does not mean no action from short sellers

Daily zero short selling can also be inteterpleted as short seller left hand sell to right hand

Why left hand sell to right hand ?
To create an impression that it is hopeless for the price to move further up after the bottom recovery so that they can buy back at a cheaper price from the weak holders


Looking at the thin volume traded , it is a good indication our advice to do nothing indeed has some effect on the price movement but it also causes the price to remain stagnant.

The next deciding factor who is the winner is who can live longer . The short sellers or the long term players ? But the long term player have an advantage . Because the net short position of the short selling is done on borrowed shares . It certainly can not last longer than the determination of the long term players . .

Conclusion: as long as the price is held steady at certain level . Their is no value for further short selling .

This is my kopi team stories. Of course, you are free to contribute yours ? Opposite view is most welcome

Songjoseph,

Noted

Thank you

Why I am so confident what I am doing is right ?

1. The power plant is real
It had started contributing income to the company
From today onwards you will never see Jaks reporting a negative income any more .
Based on the calculation done by DK , the fair value is RM1.50, derived after the conversion of all the warrants plus a 30M per year for domestic business loss for a period of 5 years
so it is a right decision for me to do nothing but enjoy my days talking to my good friends here for 2 years and expected to make a return of not less than 300%

2. The company is moving in the right direction . The future expansion into solar , hydro and LNG energy is timely and a right investment choice.. This will contribute another consistent income and further strengthening of the strong recurring income of the company. more important it is a very strong catalyst for the rerating of the current ESG score

3. based on the management guidance , disposal or discontinuation of the loss making domestic business is ongoing. any good news , anytime from now or after the lock down recovery will serve as a strong catalyst to push the shares price sky high


4. Is fund raising no good ?

it depends whether it is value accretive or value destructive . if your biased common sense is true , the IPO is the biggest value destructive and we have no good share to buy .

Aren't these not good enough reasons to boost my confident . And this confidence is not built on sand but supported by valid facts.

shares trading is a game of confidence
but when the confidence must be derived from facts and data
then success is just a matter of time
so waiting is the only strategy

allow me to share with you my explanation

Jaks market price can not perform because of the following factor

1. lack of management guidance and IB coverage
most of the investors and especially the retailer are not well informed of the company
progress and the future earning potential . they are also purposely misinformed of the
company fund raising exercise for expansion where the value destructive side is highlighted
but the value accretive side is omited

2. Low ESG score
so the participation of the institutional investors is low

3. Short selling

in view of the low ESG scare , the short seller take advantage of the low banker participation