Mike-tikus is called Dumb Dumb Dumbass for a reason, he did not even know / understand that some stocks are for investment purpose and some stocks are for trading purpose to get free beer bintang and lobster.

Buy those companies that generate real free cash flow, give dividend and solid NTA backing like Insas, OSK and Jayatiasa.

Don't buy those companies never pay dividend, has cash flow problem and every year cash call PP or RI for working capital like jaks.

Posted by TheContrarian > Mar 12, 2024 12:17 PM | Report Abuse
What bank does Insas own

Who know maybe Insas aiming for EON bank

Posted by TheContrarian > Mar 12, 2024 12:20 PM | Report Abuse

@MrSslee, risk of default of Omesti-PB?

No worries M&A securities will arrange another Omesti-PC to pay the bridging loans used to redeem Omesti-PB

OMESTI BERHAD - REDEEMABLE PREFERENCE SHARES 2021/2026
Pay 5% interest per year and redeem at RM 1.00 at maturation date.

Repost:
Insas hold 53,859,500 Omesti shares.

Insas hold Omesti as financial assets at fair value.
Omesti hold 34.27% Microlink

I q buy omesti-PB

CTOS waterfall now.
When will Insas waterfall?

By the way in Annual report it is stated clearly:
OTHER OPERATING EXPENSES
Included in other operating expenses are, amongst other items, the followings:-

You can also check staffs cost (included commission pay to remisier) under staff costs: So when M&A securities brokerage do well staff costs will also increase.

So no worries I will advise Insas BOD to restate:

Included (but not limited) in Other operating expenses are the following items:-

Note: 4 add up did not match the Other operating expenses because Insas / M&A securities assume everyone should know commision pay to remisier is based on trading volume by remisier' clients which generate brokerage fees to M&A securities and cannot be classified as staff salary/ staff cost and hence charged out as other operating expenses.

So the lesson learnt do not assume because there are so many dumbass out there.

Mind also add up note 2 and other income in P&L statement?

Dumb dumb dumbass mind add up all in note 4 and compare with what is the amount stated in incomes (P&L) statement?

Repost:
Haha,
Mike-tikus is called Dumb Dumb Dumbass for a reason, he did not even know / understand that under Insas' other operating expenses are mainly M&A securities commission pay to remisiers for trading done by their clients.
12/03/2024 7:29 AM

Can dumb dumb dumbass understand the meaning of mainly?

Ya,
Sometime you talk too much to dumb people you yourself also become dumb.
This dumb dumb dumbass Mike-tikus is best to avoid and let him do whatever he wants in jaks forum.

Dumb dum dumbass Mike-tikus very envy I make handsome money from Insas-WC 2 times and now also make handsome money from Insas. Wheareas he trapped at jaks 19 floor and hengyuan 44 floor

And for the up coming Jaks PP advisory and proffessinal fees pay to M&A securities is revenue and any expenses included but not limited to commission fee that may be paid to ALP is other operating expenses.

If you are M&A securities remisier clients and trade thro' the remisier the brokorage fee is M&A securities revenue and commission pay to remisier is other operating expenses.

So dumb dumb dumbass Mike-tikus can you understand now?

Haha,
Mike-tikus is called Dumb Dumb Dumbass for a reason, he did not even know / understand that under Insas' other operating expenses are mainly M&A securities commission pay to remisiers for trading done by their clients.

Insas hold 53,859,500 Omesti shares.

Insas hold Omesti as financial assets at fair value.
Omesti hold 34.27% Microlink

At AGM:
We have received several financing proposals from Singaporean financial institutions and currently negotiating the terms.

We wish to clarify that we do not intend to undertake a cash call exercise to subscribe the 10% option. At present, we have received several financing proposals from Singaporean financial institutions and currently negotiating the terms

So since then no news is good or bad news?
Should shareholders hold BOD accountable, responsible and answerable for the above?

Pardon me please,
I can't resist to rebutt Mike-tikus.

As at 31/12/23.
Investment in Joint Venture: RM 904,495,000
Mean JAKS 30% in JHDP equity account book value (initial investment + accumulate profit - dividend) is RM 904,495,000
Similarly the JV partner 70% book value is RM 904,495,000 X 7/3= RM 2,110,488,333

Or 10% book value is RM 904,495,000/3 = RM 301,498,333.
Jaks need to pay the JV partner RM 301,498,333 to take over the 10% from JV partner and so far jaks had failed to secure the loans from Singapore financial institut.

The addition 10% expired without jaks exercise it right to purchase the 10% from JV partner.

Haha Mike-tikus is ashamed to tell how many jaks shares he hold. Most likely 200 shares for case study.

So no more blow-water 1 sen is 5 digits gain/lose???
🤣🤣🤣

From Jayatiasa AGM key matters discussed:
Our existing policy is to pay a minimum dividend of 20% of net profit subject to not compromising the Group's ability to support its pursuit for long-term growth. However, that will not restrict declaration of dividend of more than 20%. With improvement in financial position and market condition, the dividend payout will increase accordingly.

I think I still hold 480K of Insas.
Mike-tikus how many jaks shares you still dumb dumb hold?

Oop wrong forum

Aiyoyo,
Mike-tikus is called Dumb Dumb Dumbass for a reason, he did not even know / understand that JAKS Solar Nibong Tebal is recorded as PPE (non- current assets) in jaks balance sheet.

Aiyoyo,
Dumb Dumb Dumbass Mike-tikus did not know / understand that jaks fully owned JAKS Solar Nibong Tebal and no JV partner.

Jaks need to repay the loan taken to build the JAKS Solar Nibong Tebal fully.

So what is Mike-tikus talking about below????
Posted by Mikecyc > Mar 10, 2024 5:08 PM | Report Abuse
Haha Investment In Joint Ventures: 904,495,000

Mainly 600 million of Vietnam JV Power Plant Company plus holding cost ... and 240 million LSS4 project company

Aiyoyo,
Dumb Dumb Dumbass Mike-tikus did not know / understand that jaks bid for LSS4 at very low payment of xx.xx sen/KWhr from Tenaga and build the solar farm when solar panel cost at it peak.

Thus COD mean Certificate of Dead date since after that date loans interest payment cannot be capitalised and must be included as expenses thus lose quarter for JAKS Solar Nibong Tebal.

Aiyoyo,
Dumb Dumb Dumbass Mike-tikus did not know / understand quarter end 31/12/2023 result on jaks LSS4 below????

LSS4:Revenue contribution of RM4.3 million was recognised in the Group from this division. This division incurred a loss before tax of RM0.4 million in the current quarter due to the depreciation charges and interest expenses.

This one mean will have cash flow problem and unable to pay loan principal and interest for years to come.

Haha dream on that jaks will win the legal case against Star Media, hhen jaks not even dare to take up legal case to recover the receivables.

Aiyoyo,
Not surprising Dumb Dumb Dumbass Mike-tikus did not know / understand that Jaks-WB expired out of money and Jaks-WC exercise price at 49 sen is now out of money and will expired in 2025 with zero sen/zero-sense.

The very simple logic is 2024 Placement Shares will be price at no more than 10% discount to the 5D-VWAMP of JAKS Shares for the 5 market days immediately preceding the price fixing date(s).

And then 2025 another PP or RI at lower price so who in right mind will convert Jaks WC at 49 sen????

Dumb Dumb Dumbass Mike-tikus must be zero-sense to suggest holders will convert their WC come 2025.
Now additional funding from Warrant C with Ex price RM 0.49 expired on 2025 .. the balance Volume if converted is RM 257 million…

Haha jaks No money need PP for working capital, how to plan n do future bidding for new project ( Surprise Dumb Dumb Dumbass Mike-tikus did not know / understand this ) …. With year end quarter got big impairment losses on goodwill and receivables coming, even his BBF StarOfTheBull also know abt it and cut lose before quarter end 31/12/23 out.
Jaks Shl stripping you (PP at lower and lower price) slowly n softly… 😱😱😱

StartOfTheBull I exited before latest QR out.
MrFox

RI of RPS with free warrants is to reward the shareholders who take up the RI.

And at the same time for controlling shareholder Dato' Sri Thong to hold warrants to safeguard his interest incase of a hostile takeover.

Haha what do you expect from dumbass Mike-tikus whom can't read financial report, cut and paste his repeated gibberish and only good in slandering people who hold different opinion and telling the truth.

CPO as commodity price will be up and down due to supply and demand equilibrium, hence no one can give an accurate TP for jayatiasa.

What you need to do is just monitoring the MPOB CPO spot price and the monthly production of jayatiasa FFB to estimate the EPS of jayatiasa next quarter result.

The problem with Mike-tikus is, I already take profit on insas but he still dumb dumb hold his jaks and now looking at how many digit book lose?

So die die also must promote jaks to lure suiyee billis to push high for him to dump.

Jaks do not have money to bid for any new project and no bank want to finance jaks.

What ALP can do is signed as many MOU as possible so that he can justified his multimillion LTIP free grant.

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

A way for insiders to syphon out the RI and PP money from jaks to their pocket.

Most likely than not most of the receivables in the book are fake/fraud.

The problem with jaks why yearly impairment losses on receivables but so far no legal action taken to recovered the receivables but wasted so much legal fees to countersuit Star

KUALA LUMPUR (Jan 11): GUH Holdings Bhd is suing a joint venture (JV) of JAKS Resources Bhd for failing to abide by an adjudication decision that ordered it to pay GUH RM11.67 million, together with interests, costs and adjudicator's fees, following the termination of a work contract.

LSS4:Revenue contribution of RM4.3 million was recognised in the Group from this division. This division incurred a loss before tax of RM0.4 million in the current quarter due to the depreciation charges and interest expenses.

This one mean will have cssh flow problem in paying loan principal and interest for years to come.

Repost
Mike-tikus did not know the share of profit from associate company JHDP is just paper profit. What important is dividend from JHDP. Without the JHDP dividend Jaks will have cashflow problems and need another PP or RI for many year till 2030.

JHDP although reported very good profit but can't afford to give good dividend because the 75% loans taken to finance the project was changed into 10 years term loans. JHPD going to have cashflow problems depreciation is 25 years (good profit) but 10 years term loans (need to pay loan principal and interest in 10 year thus poor cashflow for the first 10 years)

Know what is cash flow problems?
If no cash flow problems then why PP?

Insas RI of RPS with free warrants.
Know what is RPS?

By the way know what are jaks RI?

Repost
Jaks
Current assets: RM 591,235,000
Current liabiliaties: RM 536,599,000

Given jaks record of yearly impairment losses of receivables next year still need another PP for working capital
🥵🥶😇

At my age wisdom is more important than knowledge.
Wisdom come from experience as you apply your knowledge to work.

Jaks
Current assets: RM 591,235,000
Current liabiliaties: RM 536,599,000

Given jaks record of yearly impairment losses of receivables next year still need another PP for working capital
🥵🥶😇