Cerita yg dulu baik jgn ingatkan kembali

Sslee

Tiada siapa yg nak JIC

Fkir fikir kan la

Sslee

Klau capitalized ICD can refuse to participate thn JAKS wil end up having higher % in JIC and need to pick more losses

Byk sunk costs la

Klau harga turun Andy is accused of trying to get the excess at low price all for himself

Skrg ni harga naik apa cerita nya?

Sslee

U ni r fixated on this

Tapi buat kes JAKS ni kan JAKS is d the one who unloaded the NL on to the 49%??

Correct Sarifah klau Sarifah is wrong


Sslee Dear i3lurker
When it is 51% subsidiaries must be very careful who owned the other 49%. What is the role play by this 49% owners? What can this 49% owners contribute? Any conflict of interest?
Some subsidiaries are just another vehicle use by controlling shareholder to siphon out money from company to this 49% owners.

05/10/2020 10:54 PM

Jgn write off RI yielding sweet RE projek

Wonder if Andy ada put in his money into rubber gloves companies in past couple of months

Sslee

Jgn pergi keep u punya 1 lot to continue to monitor Andy

Klau Andy suka suka je spend the RI money u can expand scope u to to also cc to MACC esok nanti

i3lurker

Jgn simply bullshit

Make up ur mind which is which...




i3lurker Guinness Stout with lobster time again 

Cheers 

Bottoms Up 

I did inform all of you that it will limit down to 70 sen or something like that so ...............so .... 

but you all chose to believe the Bully 

Public Bank warning=> 
"All told, we are still wary over the various dilutive equity fund raisings done so far to meet its liquidity demands and the poor execution especially on its property business." 

[This information from Public Bank is brought just for you from i3lurker the liar with bad behavior and no credibility inside i3 forum.]

27/05/2020 4:53 PM






i3lurker ex RI should drop to low 70s sen 

Public Bank warning=> 
"All told, we are still wary over the various dilutive equity fund raisings done so far to meet its liquidity demands and the poor execution especially on its property business." 

[This information from Public Bank is brought just for you from i3lurker the liar with bad behavior and no credibility inside i3 forum.]

27/05/2020 12:10 PM

IT IS TIMING!!!

RI ni jz a bridging measure

Part of d proceed from tis RI wil b for d 10% option

Wil b back to original plan

IT IS TIMING!!!

RI ni jz a bridging measure

Part of d proceed from tis RI wil b for d 10% option

Wil b back to original plan

Tgk la announcement tu properly kan it is clearly stated d RI is for loan disbursement purpose

CPEEC dah paid portion nya dah sbb tu at the moment it is 26% : 74% shareholdings

It is timing

JAKS EPC profits originally meant for tis share subscription must b coming in later at tail end of construction tat why x sempat to b used for tis share subscription

Tapi bank loans kena draw down dah mmediately to finance further construction works

It is a very common requirement for banks to ask shareholders to top up share capital b4 they make loan disbursement

Profits from EPC not coming in yet not coming in in time

IT IS TIMING!!!

Tgk la announcement tu properly kan it is clearly stated d RI is for loan disbursement purpose

CPEEC dah paid portion nya dah sbb tu at the moment it is 26% : 74% shareholdings

It is timing

JAKS EPC profits originally meant for tis share subscription must b coming in later at tail end of construction tat why x sempat to b used for tis share subscription

Tapi bank loans kena draw down dah mmediately to finance further construction works

It is a very common requirement for banks to ask shareholders to top up share capital b4 they make loan disbursement

Profits from EPC not coming in yet not coming in in time

IT IS TIMING!!!

Soalan nya

Klau Veitnam Hai Duong IPP dpt refinance its loans at lower interest % yg interest saving tu go to who?

Go to EVN or go to JAKS?

i3lurker

Tgk la wat u hv done

Simply post je

Byk kat private room

Klau all of them say alo to u u pun pengsan

Hope ppl don't search out who u r

U dah pissed off a very big group of ppl

Ok Bogus

One small question

Mcm mana pergi d private room?

Actions hv moved to private room

Ramai ramai kita menari

Ramai ramai kita bernyanyi

Sarifah FOMO

Ikut jer queue panjang ask later

Add Sarifah in too tq

Byk nya u r taking over a big chunk of otb bisnes

Jom... sama sama kita leave for Investlah

Knp d majority need to go to a private room??!!??!!??

i3 administrator betul betul screwed up

i3lurker u really fak up!!!

Ex CPO resigned sbb dah cannot remember wat PAT he told to who d.... byk sgt versions.... pressure

Many players cerita Vietnam Hai Duong IPP JAKS......

Koon.. Koon the engineer pula lepas site visit terus whacked 30% of JAKS shares

Koon is very alert yg ni semua kat i3 know very well ramai yg outplayed by Koon

Mungkin ex CFO very confused himself...

Told OTB one story n told qqq3 another story

It is jz amazing 2 persons yg actually ada met up with team Andy

Satu bilang beli in fact sailang

Satu bilang belatedly ikut PBB jgn beli contradicting his original recommendation to Koon dulu

Now Koon dah xda CFO pon dah xda cuma second generation OTB qqq3 kat sini n Hai Duong IPP is abt to COD

qqq3 followed Koon to meet team Andy dulu jz not invited along for d site visit

Ex CFO didn't appear certain of his figures he has given a wide range from abt 80m to 150m

In fact qqq3 himself pernah bilang kat sini Andy told him the PAT was intentionally understated to EVN

3 years is a long time mungkin JAKS dah byk renewable energy projek kat Vietnam masa tu

i3lurker

Still wary... done so far.... makna nya masih wary of old PP RI done dulu

Past tense

Anyway based on info from Andy kat AGM

10% more at USD50-60m = RM220-250m

To buy 10% more at PE 2 to 3x ok apa

PE 2x option due in 3 years wef COD

3 years from selling electricity jz nice

Actually byk yg minta Andy jgn buat PP tapi RI klau perlu sbb nak tambah lagi

PAT RM 144m

10x to 15x PE = RM 2.2 to RM 3.3

If use current USD RM rate PAT lagi besar sikit

Kenanga ni bikin a site visit kat Vietnam dulu

An post by Sarifah dulu


Sarifah x mahu to be hard on the CFO

Tapi... lihat la u sendiri

Comparing PAT yg diberi kat AGM to apa yg the same CFO told Kenanga

PAT US 120m x 4 = RM 480m

JAK's 30% = 144m

JAK's 40% = 192m


Charging on units of power produced, assuming the plant is able to keep up with the minimum utilisation requirement; the project is expected to yield up to USD120.0m/year of net-of-tax profits





JAKS Resources Bhd (JAKS) – Not Rated

For our last corporate visit, Mr. Steveno Ang, Chief Financial Officer of JAKS, provided us a tour of the upcoming coal fired thermal power plant project in the Hai Doung province, which is a 30%-joint venture with the China Power Engineering Consulting Group Co Ltd (CPECC).

The JAKS group as a whole is primarily engaged in water supply and infrastructure construction projects, supply and trading of building materials and steel-related products. The entry into the power segment was a means to minimise cyclical risks of its other segments.

To provide some colour, the plant is designed to generate an output of 2 x 600 MW under a build-operate-transfer model after 25 years with the Vietnamese government, with total construction project revenue to JAKS of RM1.89b to be recognised over phases of completion. Currently estimated to be 55% completed, management anticipates that it is able to commission the first of its two turbines possibly by the end of 2019. The second turbine should then be set to be completed 6 months after this. This is ahead of the initial handover deadline to the Vietnamese Government of November 2020. Addressing any contingencies in place to prevent delays, management mentioned that the integral equipments (i.e. turbines, boilers) for the plant are already on-site, with non-foreseeable issues to source smaller components. Building materials for the plant are also easily sourced from local suppliers. Furthermore, CPECC management and supervisors are consistently on the grounds to monitor the progress closely.

Assuming the full commissioning of the plant, an expected 15,000 mt/day of coal is to be consumed to support a minimum utilisation required of 77% for both turbines. The supply of coal has been committed to be backed by the local coal authority, which is well facilitated with the construction of an inland port/jetty close to the site. Additionally, coal storage areas are being built to store up to 10 days’ worth of fuel, in the event of any hiccups in delivery.

Charging on units of power produced, assuming the plant is able to keep up with the minimum utilisation requirement; the project is expected to yield up to USD120.0m/year of net-of-tax profits.

Kita semua kat sini ada own calculations kat hati and hv 1st TP 2.5x

Semua love Vietnam Hai Duong IPP

BUT

The relative valuation does inspire confidence

dk

No need to make it so complicated

Team Andy confirmed if it is Equity IRR will do no need to know the actual calculations better thn now u r maling assumption

No the point is tat tat point can be confirmed by team Andy easily



KLou88 Sarifah, you are so easy to influence by others, I suggest u put your money on FD or somewhere safe. Stock market is always a place with risk. If u are not stable or calm enough, u will lose all your money.

11/05/2020 2:19 PM

Based on these 2 points OK ON


probability yes Sarifah, i am 100% sure since: 

(1) it came on news ( i can share the link if you want it) 

(2) Equity IRR of 12% at 75% Debt is absolutely not attractive...nobody would be interested

11/05/2020 1:52 PM


DK66 sarifah, you lost faith in relative valuation already ?

11/05/2020 2:06 PM

HaHa

probability since its already an outsider info...nobody bothered to ask... 

cukup penjelasan?

11/05/2020 2:14 PM

No

Sarifah jz think this 12% IRR can be confirmed by team Andy if u jz ask so why don't u ask??

This is surely not insider info


DK66 sarifah, you lost faith in relative valuation already ?

11/05/2020 2:06 PM

Aseng u hv not a clue....

HaHa so u see which is whic



Aseng sharifah, 

12% IRR and 75:25 loan ration is the company press release 


probability yes Sarifah, i am 100% sure since: 

(1) it came on news ( i can share the link if you want it) 

(2) Equity IRR of 12% at 75% Debt is absolutely not attractive...nobody would be interested

11/05/2020 1:52 PM

Yes Sslee

dk

This 12% IRR if came on news how can it be insider info?




probability yes Sarifah, i am 100% sure since: 

(1) it came on news ( i can share the link if you want it) 



DK66 Sarifah, please be reasonable. 

If i cannot share freely base on my own will, I would rather stop.

11/05/2020 1:53 PM

Sarifah sugar level a bit low due puasa...

R u 100% sure it is Project IRR 12%?

probability dalam suratkhabar sudah declare Project IRR 12% (The star)...and 15% (The Edge 2015)

11/05/2020 1:45 PM

dk u potentially can cause everyone harm....

Wat limit? Jz go n ask team Andy


DK66 sarifah, I m sorry that I could not please you. I m not superman. I have limits. Did that caused you any harm ?

11/05/2020 1:42 PM

U better clarify on tis now

OTB better go clarify on tis now


SarifahSelinder DK66 

1Q: Do u know for 100% certainty the 12% IRR is project (100% equity IRR) or only the Equity IRR in 25:75 basis?

11/05/2020 1:18 PM

dk u r really very reckless seriously