Haha Since Warrant B is expired on December 2023 .. n Jaks won the Star Media Appeal from Federal Court n can start counter Claim of over Total RM 540 million..

Looking at Jaks Warrant C with EX price RM 0.49 .. Expired on 2025 .. the balance volume if converted shl bring additional Funding of Rm 257 million..

👉👉👉 Jaks price is expected to be trending Up ….

Post removed.Why?

Haha as said during 2017/2018 Mr.KY2 see the Value of Jaks with intention to Take Over ( holding 150 million shares under Margin Account, Chivo Capital posted is 30 % … Nosh is ard 483 million share ) … A disaster to both end ..and shareholders… 



There is RI in Warrant B issued with price RM 0.25 on 2018 , expired on End 2023 ..Ex price RM 0.64 … is changed to RM 0.34 on 2022 .. 



Those holding Warrant B are at Loss .. even the Jaks insiders ..

Insas


Refer to 4QR ended June 2023 : 


A) Administration Expenses = RM 6,917,000 


👉 RM 27.67 Million per Year … BOD remunerations = RM 4.8 million 


B ) Other Operating Expenses = RM 25,842,000


👎>>> , just the Administration Expenses = RM 27.67 Million per Year …

BOD remunerations = RM 4.8 million 



🤙Total = RM 32.47 Million per year .🤩



👎 B ) Other Operating Expenses = RM 25,842,000 per Quarter .


Included in Other Operating Expenses are the following items :


a) Allowance for doubtful debts

b) Bad Debts written off

c) Provision for Impairment Loss

e) Goodwill written Off


and other items..


> Refer 1QR ended September 2023 :

Other operating expenses

RM 17,650,000


> Refer 2QR ended December 2023 :

Other operating expenses

RM 14,755,000

Why Insas is involved in fashion business? Does not contribute much and is a distraction to management time.


The Company had invested in the Melium Group, which is involved in fashion and F&B businesses, since 1997, and the Company currently holds 43% equity interest in Melium. Insas has representation on the Board and EXCO of Melium and attend all Board and EXCO meetings held regularly during the year but does not get involved in the day-to-day operations.


Refer to QR ended June 2023 :


A) Administration Expenses = RM 6,917,000


👉 RM 27.67 Million per Year … BOD remunerations = RM 4.8 million


B ) Other Operating Expenses = RM 25,842,000 / Quarter


Refer to QR ended June 2023 : 


A) Administration Expenses = RM 6,917,000 


👉 RM 27.67 Million per Year … BOD remunerations = RM 4.8 million 


B ) Other Operating Expenses = RM 25,842,000 



>>>, just the Administration Expenses = RM 27.67 Million per Year … BOD remunerations = RM 4.8 million 



Total = RM 32.47 Million per year .🤩

Haha Jaks counter claim Star media over Total RM 540 million , as Star Media filed Legal Suit on 2019 :

Posted by Sslee > 1 minute ago | Report Abuse

Allowance for impairment of receivables
RM'000
2023: 32,893
2022: 19,770
2021: 23,606
2020: 69,352
2019: 10,967

Haha as for LSS5 2000 MW ..RFP is starting from April 2024 to December 2024 …Tender award is scheduled on 1st Half 2025 ..

Each Bidder can bid Up to 500 MW … with Project Capital is estimated RM 1.8 billion…

Post removed.Why?

Better returns await CGPP winners

Wednesday, 09 Aug 2023

PETALING JAYA: Winners of the Corporate Green Power Programme (CGPP) could potentially enjoy better returns compared to the fourth cycle of the large-scale solar (LSS4) projects.


MIDF Research said going by its initial ballpark estimates, the CGPP could reap internal rate of returns (IRRs) in the high-single-digit levels.


This is because the initiative, which will be utilising virtual power purchase agreements, is based on a willing buyer-willing seller approach.

“Under the CGPP, players are free to secure their own offtaker, hence giving better pricing power as opposed to stiff competition to supply to a single offtaker under the LSS auction mechanism,” said the research firm in a report yesterday.

According to MIDF Research, the CGPP tariffs are also likely to reflect a premium for environmental attributes like renewable energy certificates.


As a benchmark, the research firm noted that the Green Electricity Tariff sold by Tenaga Nasional Bhd


(TNB) was raised to 21.8 sen per kilowatt hour (kwh) effective August this year.
Meanwhile, the system’s marginal price under the New Enhanced Dispatch Arrangement (Neda) wholesale market is averaging about 25 sen per kwh as at June 2023, which is “a decently large premium to LSS4 winning bids of 18 to 20 sen per /kwh for 30-50MW packages,” it said.

Hoho Jaks is the 1st Company completed the LSS4 Local Solar Project among the 10 companies being awarded.. Commercial Operating Date on August 2023 … 



And also secured another Local Solar Project : 



3.A) This year on 7/8/2023 : 


On Monday, the Energy Commission (EC) announced that a total 563.42MW under the CGPP were awarded to 22 solar power producers. 



👉 With reference to the above, the Company is pleased to enclose the press release in conjunction with the successful bid for a 29.99MW solar photovoltaic project under the Corporate Green Power Program by JAKS Solar Power Sdn Bhd, a wholly owned subsidiary of JAKS, together with its consortium partners, Ann Joo Green Energy Sdn. Bhd. and Fabulous Sunview Sdn. Bhd. 
 

Haha Jaks LSS4 Project on Solar 50 MW which COD on 21/8/2023 .. Jaks is one of the 1st One to COD the LSS4 Project as Targetting LSS5 Project with 2000 MW in 2025 ..LSS4 tenure had been increased from 21 years to 25 years ..

LSS4 Project is COD on 21/8/2023 :

1.) QR ended September 2023 :

Revenue 3.3 Million , Loss RM 1.4 million.

2.) QR ended December 2023 :

Revenue 4.3 Million, Loss RM 0.4 million..

From QR ended December 2023 .. Insider comment:

3. Prospects.

The Power-Energy division’s LSS4 solar project will provide a reliable additional
income stream and is expected to contribute positively to the Group’s revenue in
2024 as the full year’s contribution will be factored in.

Jaks

1.) Vietnam Power Plant Share of Profit n Dividends :


2020 : RM 3.8 million ( 1 Power Plant is COD on Nov 2020 )


2021 : RM 140.7 million ( The 2nd Power Plant is COD on January 2021 ) .


2022 : RM 156.2 million , Dividend RM 70.0 million


2023 : 1QR = RM 28.326 M , 2QR = RM 32.312 M , 3QR = RM 35.862 M , 4QR = RM 34.503 M plus Dividend RM 27.386 M

2023 : RM 131 million , Dividend RM 27.385 million


Total Share of Profit = RM 431.703 Million

Total Dividend = RM 97.386 Million

Grand Total = RM 529.089 Million

Jaks 30 % share in Vietnam Power Plant Joint Venture invested ard RM 600 Million.

Initially PayBack 8 to 9 years ..

Referring to the Grand Total , PayBack period is by 2024 .. ie : from 2021 to 2024 ~~ 4 years ..

按照购电协议，电力售价将随原料价格波动。意味着业务盈利贡献获得保证。Jaks管理层曾透露内部回酬IRR介于12%，PAYBACK PERIOD为8至9年



___

Jaks Annual Revenue and Net Profit / ( Loss ) :


1.) FYE2020 : RM 259.4 million with Loss ( RM 80.5 Million. )


2.) FYE2021 : RM 109.7 million with Net Profit RM 51.9 million.


3.) FYE 2022 : RM 89.8 million with Net Profit RM 53.5 million.


4.) FYE 2023 : 1st Half Revenue RM 17.47 million with Net Profit RM 33.19 million.


>>👉 1QR is Profit RM 14.08 million , 2QR is Profit RM 19.11 million , 3QR is Rm 7.15 million…4QR is Loss ( 24.8 million )

👉👉 Rm 37.787 million with Net Profit RM 15.527 million..

—-

Haha why Jaks QR ended December 2023 with Loss RM 24.8 Million :

There is a Loss more than RM 63 million in Local construction, esp on Pacific Star project ..which involved Legal Disputes with Star Media ..

After 6 years of Legal Disputes.. Jaks won on Star Media Appeal to Federal Court ( after Star failed in Court of Appeal ) on 7/3/2024 and can start the counter claim with Total over RM 540 million:

👉👉👉 “ JAKS then filed a counterclaim for the return of the RM50 million bank guarantee, together with RM248.24 million in liquidated and ascertained damages, and to claim RM297.04 million for loss of proceeds from a corporate fundraising as it claimed Star Media's suit against the company had affected its fundraising.“

Jaks had Cash Flow issue ??? The Answer is a No .

Starting from Vietnam Power Plant Construction, Jaks is keep allocated Capital Expenditure by Quarterly , increased the Non Current Assets to strengthen the Financial balance sheet ( as big projects will review capacity of the balance sheet ) , while maintaining a Minimum Current Ratio between 1.18 to 1.22 . As the 2 Cash Cow Projects is COD oredi with monthly Income for tenure 25 years .


Jaks

Investment in Joint Venture:

( & PPE )

QR ended

> March 2016 = 128,297,000

( PPE = 19,269,000 )

> March 2019 = 197,171,000

> March 2020 = 362,479,000

> March 2021 = 601,150,000

> March 2022 = 748,656,000

> March 2023 = 829,105,000

( PPE = 273,041,000 )

> September 2023 = 897,378,000

( PPE = 299,238,000 )


> December 2023 = 904,495,000

( PPE = 296,599,000 )


—-

👉
2QR ended June 2023 :


Reserves . : 24,909,000


> Accumulated Profit : 343,661,000. ( 1QR 324,951,000 ) ( Audited as on December 2022 is RM 310,874 ,000 )

Gearing Ratio : 0.362X


>> Accumulated Profit on 3QR ended September 2023 : 350,327,000

Gearing Ratio : 3QR ended September 2023 : 0.352 X

👉 >> Accumulated Profit on 4QR ended December 2023 : 348,126,009

Gearing Ratio : 4QR ended December 2023 : 0.350 X

Post removed.Why?

Post removed.Why?

Post removed.Why?

Post removed.Why?

Post removed.Why?

Post removed.Why?

Post removed.Why?

Haha you swimming with Conartist Callvin ke ….

Posted by EngineeringProfit > 6 minutes ago | Report Abuse

You need to read this book: Swimming with bilises

Post removed.Why?

dompeilee
dompeilee | Joined since 2016-03-22



Stock: [TOPGLOV]: TOP GLOVE CORPORATION BHD
2021-09-28 14:46 | Report Abuse


My unwavering faith in TG is finally rewarded...& so are my clients who hung on after my recent BUY call =)

Post removed.Why?

Haha sorry for repeating post …

Haha 5 times PP :

Jaks

Investment in Joint Venture:

( & PPE )

QR ended

> March 2016 = 128,297,000

( PPE = 19,269,000 )

> March 2019 = 197,171,000

> March 2020 = 362,479,000

> March 2021 = 601,150,000

> March 2022 = 748,656,000

> March 2023 = 829,105,000

( PPE = 273,041,000 )

> September 2023 = 897,378,000

( PPE = 299,238,000 )


> December 2023 = 904,495,000

( PPE = 296,599,000 )


—-

👉
2QR ended June 2023 :


Reserves . : 24,909,000


> Accumulated Profit : 343,661,000. ( 1QR 324,951,000 ) ( Audited as on December 2022 is RM 310,874 ,000 )

Gearing Ratio : 0.362X


>> Accumulated Profit on 3QR ended September 2023 : 350,327,000

Gearing Ratio : 3QR ended September 2023 : 0.352 X

👉 >> Accumulated Profit on 4QR ended December 2023 : 348,126,009

Gearing Ratio : 4QR ended December 2023 : 0.350 X

Haha Last One :

Jaks issued 2 times RI , why Insas such a Cash Rich company also issued 2 times RI to pay bridging loan …

Haha my attention in YTLpower during OTB debated with Blower Pang72 that he recommended YTLpower at RM 1.10…

Haha ok I stop here …

Post removed.Why?

Post removed.Why?

Post removed.Why?

Post removed.Why?

PUTRAJAYA (March 7): The legal dispute between Star Media Group Bhd and JAKS Resources Bhd on the development of a parcel of land in Section 13, Petaling Jaya, has been reverted back to the High Court for trial.

A three-member Federal Court bench on Thursday unanimously dismissed Star Media Group’s appeal against a decision unfavourable to the media company issued by the Court of Appeal in 2021 — which set aside a prior High Court's summary judgement in 2020 for JAKS to pay RM134.5 million balance of the purchase price of the land and RM50.54 million in late payment interest, and upheld the appellate court's order for the matter to go back to trial at the Kuala Lumpur High Court.

“The court finds no merit in the appeal... The appeal is dismissed with costs,” said Federal Court judge Datuk Zabariah Mohd Yusof, who led the bench, as she delivered the oral judgment after hearing the oral submissions from both sides in the case.

The bench also ordered Star Media to pay RM150,000 as costs to JAKS Resources and its subsidiary, while the case will proceed to High Court for trial on Aug 25, 2025.

The legal dispute, which started six years ago, is over Star’s divestment of the land in 2011 to JAKS, in return for the construction of a 15-storey office tower on the land.

JAKS’s unit JAKS Island Circle Sdn Bhd (JIC) committed to a RM50 million bank guarantee to assure the completion and delivery of the office tower. On top of that, JAKS provided its own corporate guarantee in favour of Star Media. But JAKS allegedly missed the deadline in delivering the office tower, with the delay lasting 28 months.

Star Media made a demand for the bank guarantee in 2018, claiming that JIC had failed to deliver the office tower, which the latter disputed. But it later released the sum to Star Media in January 2019.

Star Media, however, still brought the matter to court by filing a suit against JAKS on April 30, 2019, claiming JAKS had failed to perform its obligation under its corporate guarantee for JIC to deliver the office tower. Star Media wanted RM134.5 million from JAKS as the balance purchase price for the land, along with late payment interest of RM43.22 million.

JAKS then filed a counterclaim for the return of the RM50 million bank guarantee, together with RM248.24 million in liquidated and ascertained damages, and to claim RM297.04 million for loss of proceeds from a corporate fundraising as it claimed Star Media's suit against the company had affected its fundraising.

As Star sought preliminary determinations on these suits, both parties made a total of three appeals against decisions not favourable to them, before the Federal Court’s latest decision, which effectively reverted the dispute back to the High Court for trial.

Datuk Dr Cyrus Das, who appeared for Star Media in the case, told the apex court that both High Court judges' decisions in the case — which favoured Star Media — should stand as adjudged or res judicata, on the basis that the High Court judge Datuk Nordin Hassan (now Federal Court judge) at the time had ruled that the proposed completion date and delivery of the tower should be in February 2018, and not June 2020.

Cyrus argued that this was because the sales and purchase agreement for the land was drafted in 2012, with completion date of the building set to be three years after gaining approval from the local authority, which was supposed to be on Aug 16, 2012. But due to five extensions granted to JAKS to complete the project, the final completion and delivery of the project was pushed back until February 2018.

But Datuk Malik Imtiaz Sarwar, who appeared as JAKS's counsel together with lawyer Khoo Suk Chyi, said Star Media had requested variations to the building plans, hence amended building plans had to be submitted for approval to the local authority, which delayed the project. JIC, he said, had also issued a letter to the media company to indicate the late delivery of the building was due to the alterations made, as the approval for the amended building plans came only in 2017.

Zabariah, however, said the dispute over the supposed completion date is not the core issue in the case, but rather whether the building was actually completed and delivered.

The other two members of the apex court bench were justices Datuk Hasnah Mohamed Hashim and Datuk Harmindar Singh Dhaliwal.

Haha No worries, Jaks just won on the Legal Trial with Star Media on 7/3/2024 …

Jaks investment in the 30 % Vietnam Joint Venture =

👉 Rm 200 million Cash + Rm 400 million ( EPC Profit ) = RM 600 million ..

>>
1.) Vietnam Power Plant Share of Profit n Dividends :


2020 : RM 3.8 million ( 1 Power Plant is COD on Nov 2020 )


2021 : RM 140.7 million ( The 2nd Power Plant is COD on January 2021 ) .


2022 : RM 156.2 million , Dividend RM 70.0 million


2023 : 1QR = RM 28.326 M , 2QR = RM 32.312 M , 3QR = RM 35.862 M , 4QR = RM 34.503 M plus Dividend RM 27.386 M

2023 : RM 131 million , Dividend RM 27.385 million


Total Share of Profit = RM 431.703 Million

Total Dividend = RM 97.386 Million

👉 Grand Total = RM 529.089 Million

Jaks investment in 30 % Vietnam joint venture Shl be payback in 2024 .. that is from 2021 to 2024 …4 years .. faster than the initial IRR calculation payback :

👉 按照购电协议，电力售价将随原料价格波动。意味着业务盈利贡献获得保证。Jaks管理层曾透露内部回酬IRR介于12%，PAYBACK PERIOD为8至9年

Stock: [YTLPOWR]: YTL POWER INTERNATIONAL BHD
2 hours ago | Report Abuse
Haha PureBullshitting wha a shameless Liar …see Jaks non current Asset ..

During Mr.KY2 intention to take over Jaks on 2017/2018 … there is RI in Warrant B was issued on 2018 with issued Price RM 0.25 .. expired on December 2023 … the main reason why Jaks price is dropping since then ..

Mr.KY2 loss ard 89 % of his Capital due to Margin Call ..

And Jaks insiders also Loss as Warrant B is not converted..

A disaster to both end .. n shareholders…

Posted by PureBULL ... > 8 minutes ago | Report Abuse

mike.tikus,
never be busy body!
pls care abt ur diminishing jaks.

it will end ugly like serbad.,. to 0.

Haha Mr.Kyy Promoted Jaks on 2017 / 2018 … I only saw OTB blog Promoted Jaks on December 2019 …

Haha PureBull as Usual still blowing n Lying :

Jaks

Investment in Joint Venture:

( & PPE )

QR ended

> March 2016 = 128,297,000

( PPE = 19,269,000 )

> March 2019 = 197,171,000

> March 2020 = 362,479,000

> March 2021 = 601,150,000

> March 2022 = 748,656,000

> March 2023 = 829,105,000

( PPE = 273,041,000 )

> September 2023 = 897,378,000

( PPE = 299,238,000 )


> December 2023 = 904,495,000

( PPE = 296,599,000 )


—-

👉
2QR ended June 2023 :


Reserves . : 24,909,000


> Accumulated Profit : 343,661,000. ( 1QR 324,951,000 ) ( Audited as on December 2022 is RM 310,874 ,000 )

Gearing Ratio : 0.362X


>> Accumulated Profit on 3QR ended September 2023 : 350,327,000

Gearing Ratio : 3QR ended September 2023 : 0.352 X

👉 >> Accumulated Profit on 4QR ended December 2023 : 348,126,009

Gearing Ratio : 4QR ended December 2023 : 0.350 X

Haha PureBull why need to tell Lies to blow how Good you are , did you tell yr family ke ,😂😂😂

Haha noted n will do , OTB ..

Haha PureBullshitting wha a shameless Liar …see Jaks non current Asset ..

During Mr.KY2 intention to take over Jaks on 2017/2018 … there is RI in Warrant B was issued on 2018 with issued Price RM 0.25 .. expired on December 2023 … the main reason why Jaks price is dropping since then ..

Mr.KY2 loss ard 89 % of his Capital due to Margin Call ..

And Jaks insiders also Loss as Warrant B is not converted..

A disaster to both end .. n shareholders…

Posted by PureBULL ... > 8 minutes ago | Report Abuse

mike.tikus,
never be busy body!
pls care abt ur diminishing jaks.

it will end ugly like serbad.,. to 0.

Haha PureBull from yr post on Top Glove dated 7/12/2020 is proven you are a Liar …😅😅😅

Haha as said my 1st post in Jaks , my respect to those Sifu earlier promoted Jaks ..

Later found out Mr.KY2 intention to take over Jaks with 150 million share ( Choivo Capital posted is 30 % ) during 2017/2018 is a Disaster to both end ..

My investing in Jaks only started on July 2023 ..

Haha PureBull blowing on how good he is referring to his Post on TopGlove dated 7/12/2020 .. I saw the content is opposite of what PureBull said ..

I can remember as I am posted Top Glove TP RM 3.40 on 4/12/2020 , ard 2 weeks earlier than JPM TP RM 3.50 ..

And posted the study on Nitrile Gloves Demand vs Supply of 7 Local Gloves company on August 2020 that Supply Shl fulfil Demand in 12 months …

Haha Noted with thanks , OTB …

Haha Shl I repeat on yr TopGlove post , PureBull !!!

Haha PureBull still boolShitting ke …

Post removed.Why?