https://klse.i3investor.com/web/blog/detail/righton/2024-03-21-story-h-185647492-WHY_HEADS_OF_AGREEMENT_HOA_FOR_SCGM

https://klse.i3investor.com/web/blog/detail/righton/2024-02-23-story-h-188239466-WHY_DO_I_THINK_RTO_OF_SCGM_IS_A_CERTAINTY

https://www.irplus.in.th/Listed/COCOCO/en/news-set-announcement/2024/2/7169917

Thai Coconut public company earnings for Yr 2023 improves 43% over Yr 2022

http://www.news.cn/food/20230829/744754af3f974bdd8ff0e69aca01b299/c.html

China coconut market is expanding rapidly.

Yes, successful injection of coconut business into SCGM will be a windfall for the existing shareholders. Given the information I have, it is already at the stage of seeking SC approval. The new controlling shareholders will ensure the successful listing of their coconut business. Delisting of SCGM will results in losses to them.

Better switch to SCGM

https://klse.i3investor.com/web/blog/detail/righton/2024-02-18-story-h-188366229-MY_OPINION_OF_SCGM

https://klse.i3investor.com/web/blog/detail/righton/2024-02-18-story-h-188366229-MY_OPINION_OF_SCGM

Alibone, you are right. Chin Kok Tian and Yan Hua Lan are husband and wife, and Tan Ah Tek is their long time partner. As shown in CTOS report, they are major shareholders of Eramas group.

https://jinan.dzwww.com/xinwenzhutu/shenghuo/202308/t20230821_12583409.htm

https://www.youtube.com/watch?v=OFg7jW7kKLY

https://www.youtube.com/watch?v=OFg7jW7kKLY. Golden bull award

Bear in mind that SCGM is currently a PN16 Cash company. If SCGM failed to regularize its business within the given time, it will be delisted and all money in the designated bank account will be distributed to the shareholders. Any proposal needs to be approved by shareholders in an EGM and designated persons are not allowed to vote. Therefore, existing shareholders can reject the proposal if it deemed unattractive.

It will be a reverse take over. So it is a whole new company going forward. Much like a new IPO except no new share offering. I think its valuation can mirror that of Vita coco and Thai coconut Public company.

Brutus, the F&B owners will be the new bosses of SCGM. So, no worries about managing the new businesses.

Alternatively, you may use the price big boss acquired from old bosses, 0.65

In the event that nothing materialised, SCGM will distribute NTA 0.62 back to its shareholders. So, that is the safety line.

Below NTA 0.62

You don't see opportunity like SCGM everyday !

Huge demand for coconut in China

https://seoagencychina.com/coconuts-in-china-huge-demand-from-distributors/

Huge demand for coconut in China

https://seoagencychina.com/coconuts-in-china-huge-demand-from-distributors/

They are waiting for approval from the securities commission.
xiaoeh

Just to follow up
any development for SCGM?

19 minutes ago

Coconut demand in China https://seoagencychina.com/coconuts-in-china-huge-demand-from-distributors/

Brutus, You are welcome. What do you think ?

You may like to switch to SCGM

https://klse.i3investor.com/web/blog/detail/righton/2024-02-14-story-h-212401861-DO_YOU_LIKE_THE_TASTE_OF_COCONUT

https://klse.i3investor.com/web/blog/detail/righton/2024-02-14-story-h-212401861-DO_YOU_LIKE_THE_TASTE_OF_COCONUT

repost : Stock: [JAKS]: JAKS RESOURCES BERHAD

1 week ago | Report Abuse

For those who have sent requests to joint DK's Jaks group chat, I am sorry to inform that DK will not accept new group members for the time being. DK has disposed all his position in Jaks due to its anticipated cash flow problems in the foreseeable future which is likely to result in more equity fund raising exercises in the future. So, stay out of Jaks for now unless you are prepared to hold until JHDP fully repaid its loan (in 7 years).

mike168 was one of the member who joined the new group but was later removed by Aseng because he made negative comments and refused to apologize.

cheng21, you are wrong. I followed DK advice to sell at 0.80. I reentered at much lower price around 0.30 and cut loss at 0.185 and lose back around 20% of my total winning. I only quarreled with a few member who did not agree with my call to sell now and buy back later. I put up my rationale for my call which is supported by credible arguments even though a few did not agree with my view. I was unduly removed by Aseng. However, after I emailed DK for justification, DK put me back into the group after his investigation found no wrong doing on my part. But Aseng felt offended and started to condemn DK and eventually led to his removal. A handful members followed Aseng to form a new group but did not quit DK group because they knew DK is the knowledgeable one.
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just88, curious to know how DK help you ? I was one of the 1400 members in the group . you are also one of the members who did not follow DK to sell at 80 sen , you sold at 18 sen and made a huge loss and started to promote your own theory to sell and buy back later , around 0.18 then , because there was a speculation then of a right issue but proven wrong later . you promoted so hard until you quarrel with anyone who did not agree , then you were removed by aseng . am I right ?

Aseng decided not to follow DK's call because he did not think DK had a solid reason in his call. That is fine but now you are blaming him not to have a solid reason ? OMG!!! I m defending DK because he has helped me a lot. There is more than 1400 members in DK's group. Why none others are blaming DK ?

DK did not mentioned a single word about his wife in his letter to the group. He only told us about his retirement planning with his wife. Now Aseng is using his wife to bad mouth DK. What a low person !

Aseng is lying. Everybody knows DK never bad mouth Jaks after he sold. DK came back after more than 2 years because he found new reasons to renew his call for caution on Jaks. Just because Aseng did not like DK's sell call because he is not prepared to cut loss, he now bad mouth DK. I still remember how Aseng bad mouth OTB because he said OTB caused his daughter RM500k losses. Can you trust the words of a twisted person ?

DK made a sell call in his private group in early 2021 while Jaks was trading at 0.80 but few did not care. In his letter to his group, he explained in detail the rationale behind his call. I still have his letter saved in my computer. His cited several concerns including volatile price history, dilution from warrants, lack of Wow factor going forward, more fund raising for the 10% option, more free share grants, bigger than expected losses from property, performance of JHDP may not be as good as Vinh Tan 1, ESG concerns, etc. More than half a year ago, DK made another sell call based on anticipated liquidity problems in the foreseeable future due to big future loan repayments, lower than expected dividend from JHDP, unexpected shorter loan tenure as well as higher interest rates and continued high losses from construction and property divisions. This will results in more equity fund raising exercises and hence more share dilutions. Again the few who formed a new group do not agree but will they blame DK again for their inaction ?

Group members cannot get rational opinions in a biased chat group where opposing views are not encouraged.

Personally, I think that private chat group can be harmful to group members sometimes as members who are unwilling to cut loss find comfort in a private group with common interest. Together, they seek excuses not to cut losses and continue to endure more losses together. A few members who did not like DK's sell call formed a small chat group to encourage each other to continue to hold on. This is not a smart way to invest.

Instead of paying dividend in cash, Jaks has opted to DRIP to entice shareholders to opt for cheaper shares in place of cash. This will create further selling pressure on share as shareholders will sell portion of their shareholdings and opt for shares dividend at cheaper price. ALP will benefit from DRIP as more issuance of shares as dividend will expand the share base for more free share grant to himself.

Jaks' liquidity problems may have forced it to forego the option to subscribe for additional 10% interest in JHDP at original cost.

For those who have sent requests to joint DK's Jaks group chat, I am sorry to inform that DK will not accept new group members for the time being. DK has disposed all his position in Jaks due to its anticipated cash flow problems in the foreseeable future which is likely to result in more equity fund raising exercises in the future. So, stay out of Jaks for now unless you are prepared to hold until JHDP fully repaid its loan (in 7 years).

If JHDP is indeed so magnificent then there is no reason for Jaks not to exercise its option to subscribe for the additional 10% shareholdings in JHDP at original cost. Jaks has plenty of time to source funds for the option. It is totally unacceptable that Jaks has to give up the low hanging fruit due to fundings issue. Jaks management must be honest on its decision not to take up the option, if so decide.

very soon

There is no excuse for giving up on the optional additional 10% shareholdings in the power plant in Vietnam which has an expected payback period of less than 5 years unless there is some ugly hidden truth about the power plant.

Hi, It's Compounding,

As DK has pointed out, it is extremely difficult for Jaks to get further bank financing due to various reasons. Its apparent low gearing ratio is due to its investment in JHDP without which its gearing ratio would be very high. The power plant will be handed over to the Vietnam government at the end of the concession period at zero value, hence, the investment value in JV will be written off if not already fully recovered through dividend by then. The power plant is pledged to the Chinese banks for financing and thus Jaks is unable to pledge its ownership in the power plant for further borrowings. Jaks may be able to get some bank borrowings using its future dividend from the power plant but interest rate may be quite high under such term.

Therefore, Jaks could only raise funds for the 10% optional interest through equity financing but that is all too late now.

Given the stranded situation Jaks is facing now, i think it is quite true that Jaks is giving up on the 10% option.
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It's Compounding

Hi Just88,
IR said Jaks will not take up the additional 10% in JHDP due to unfavorable financing terms and conditions.
How true is this news?

As the power plant is the sole earnings contributor to Jaks currently, Jaks should provide a clear and detail explanation of its decision not to subscribe for the optional 10% interest in the power plant.

This 10% option allows Jaks to acquire additional 10% shareholdings in the power plant at original cost which is equivalent to the investment cost of Jaks' current 30% shareholdings. This option allows Jaks to increase its earnings from the power plant by 33% immediately upon subscription for the remaining 22 years of concession. By letting the option lapse raises the question of bankability of the power plant going forward. Hence, putting the earnings prospect of the current 30% shareholdings in the power plant in doubt.

Not taking up the 10% option is worst than doing equity fund raising to take up the 10% option. This is totally unexpected ! I was wrong to think that RI or PP is the only way to fund the 10% because I never thought that Jaks will let the option lapse ! Initially I thought the worst case scenario is share dilution due to issuance of cheap shares to raise funds. Now Jaks is telling us that the 10% option is not worthy of further investment. DK is totally right about Jaks' difficulty in sourcing fund for the option and RI or PP maybe the only sources of funding. However, I don't think DK had expected Jaks to give up the 10% interest which has a payback period of less than 5 years. I hope it is not another unpleasant surprise. Now we must be honest with ourselves and not just looking for excuses to continue holding on to our investment in Jaks. Something is very wrong with Jaks now.

IR said Jaks will not take up the additional 10% in JHDP due to unfavorable financing terms and conditions. This is certainly a wake up call to all of us. Giving up on a low risk high return investment opportunity due to funding is totally unacceptable. ALP is a smart person and he decided not to take up the option. WHY ?

I have no doubt that Jaks will do more and more PP for the next few years and that is hugely dilutive for retail investors. Jaks IR said no more PP but AGM approved another 10% PP. Jaks has never kept its words. CPO had said no fund raising at low prices. They have no choice but to raise more funds through PP or RI to cover cash shortages. Bank refinancing is getting harder if not impossible for them. My personal opinion is to take advantage of this rally to cut position and buy back later when desirable. Jaks' boss has taken up the remaining PP at 0.18 and has to divest at higher price so as to conserve cash to take up more pp. Doing nothing is not the right solution here. Jaks' liquidity problem is real. It won't just go away because of share price rally.

Jaks has placed out more PP at much lower price of 0.18 and the market is happy with that and moved higher with historic volume. I wonder why such unseen volume is needed just to move a few cents up in share price. The only logical explanation is when you need to siphon out a large number of shares, the underlying transaction volume must be large enough to cover up the disposal. The transaction volume had to be large enough to move the stock into top active list to attract fresh trading players. Jaks has done this many times in the past. Those who have not sold are lucky for now only if you plan to sell just for a few cents more. However, just beware of sudden lost of interest in the stock. The up in share price has not change the underlying liquidity problems Jaks will be facing in the near future. In fact, the continuous PP exercises is a proof of liquidity problems. The latest AGM has approved another 10% PP. This is just my personal opinion.

Don't put hope on the dividend. It is likely to be just a "token of appreciation".

Dividend talk only. Nothing concrete. Dare not announce because TTB does not know how the market will react if the dividend is perceived to be too small. Any sell down will give COL opportunity to collect more.