Is it conditional MGO?

Typo

Is it unconditional MGO??

Aiya geram

U x faham la

SarifahSelinder RTO ni

23/02/2021 10:36 AM

1,000,000,000 new syer

Billion syer la tu

Exactly

1,300,000,000 ÷ 1.07 se syer

= 1,214,953,271 nos of syer to issue to buy the IPP

Good or not u r depending on d generosity of the sellers of IPP

Ada ka orang yg x tamak??

U seorang je yg tahu value IPP sellers x tahu?

Tanya byk what is u punya calculation?

Mwh PEAK

To b exact mcm Mwh DC

Typo

Good or not depends on if anything is left on d table

SarifahSelinder Issuing shares at 1.07 se syer to buy

Tapi purchase price not yet set

Jadi is PEB a good buy at present price?

It all depends on if offerors wil leave anything on the table

Klau paid full value to offerors then no point nothing left on d table dan tones of syer will b issued


Side note it will be interesting to see how d IPP are valued guna DCF ke? PE ke? Owner earning ke? Apa ke?

A guide for valuing JAKS

21/02/2021 9:42 AM

22/02/2021 6:40 PM

Figure besar maka syer to issue pun besar

Cypark 48mkw

HaHa guna Cypark as reference tu pun dah at quite big discount

Yg ni klau IPP x sampai value 1,000,000,000 x1.07 u won't be interested la kan?

New syer to issued at 1.07 bukan at current market price

After issued syer to buy the IPP PEB NOS kan very very big

RTO ni

Tapi yg ni IPP PEB beli bukan build sendiri

Purchase price belum tentu lagi u TP 5???


SarifahSelinder Issuing shares at 1.07 se syer to buy

Tapi purchase price not yet set

Jadi is PEB a good buy at present price?

It all depends on if offerors wil leave anything on the table

Klau paid full value to offerors then no point nothing left on d table dan tones of syer will b issued


Side note it will be interesting to see how d IPP are valued guna DCF ke? PE ke? Owner earning ke? Apa ke?

A guide for valuing JAKS

21/02/2021 9:42 AM

U ingat IPP wil b sold to PEB cheap?

Klau not cheap at 1.07 se syer kena issue 1,000,000,000 of syer

Klau issue 1,000,000,000 syer to acquire IPP tu TP lagi 5??

Issuing shares at 1.07 se syer to buy

Tapi purchase price not yet set

Jadi is PEB a good buy at present price?

It all depends on if offerors wil leave anything on the table

Klau paid full value to offerors then no point nothing left on d table dan tones of syer will b issued


Side note it will be interesting to see how d IPP are valued guna DCF ke? PE ke? Owner earning ke? Apa ke?

A guide for valuing JAKS

Sampai hati ada yg nak shorting JAKS

Jgn sekali pun u Sold (SBL) ur shares to short sellers

Also pun jgn u participate in IDSS JAKS bila unfrozen esok nanti

Sarifah proudly berjiwa IPP unapologetic angkuh dan liar

Dana insituisi sapu sapu sapu

Apa ni?

Baru 10% PP dah cabut lari?

Byk lagi RI PP klau nak big big IPP

Baru start only

Especially PAT anggaran ballpark

No

Like Sarifah say PAT for IPP satu jer

Whatever numbers Sarifah use or u use PAT for the IPP tetap satu saja

Debt 75% Equity 26% sori

U memang confused Sarifah can c

U gross up JAKS figure

Sarifah gross down u punya figure

Whatever tapi IPP PAT tatap satu je

Finance dgn debt 25% equity 75%

Toyoven ambil 25% equity in IPP JV

U gross up Sarifah gross down

Sarifah punya balances semua assume 25% equity in IPP JV

Kiranya guna pakai yg ni


.... , this would mean annual earnings could be approximately RM440mn on a 100% basis 


25% = PAT RM 110,000,000

NOS 214,000,000

EPS = 0.5140186916

PE 10x = 5.14

5.14 vs 10.55 (3+7.55)

Dah over valued?

Financial close belum lagi

NOS after RI 214,000,000

U cuba try to derive the EPS mungkin guna JAKS as reference and guna PE 10x to see if worth it to buy at current price bearing in mind u kena tunggu possibly 4 5 years lagi

Katakan harga skrg is 3.00

Jadi total kos u to bring the IPP to fruition is 3.00 + 7.55 = 10.55 per share

NOS skrg 107,000,000

107,000,000 kena raise RM 807,500,000

Say by 1:1 RI = 7.55 per share

Kiranya capital requirement for 25% equity in IPP JV

= RM 3,230,000,000×25%x4×25%
= RM 807,500,000

Assume Toyo cuma mampu sell ink to IPP JV

Sell ink Toyo punya core competency

Dan over kat JAKS Andy dah bilang no banks kan loan to finance investment in IPP

Kiranya Toyo takes 25% equity

Close to norm dan setakat yg Toyo mampu

If 1:1 RI Toyoven NOS kan double