This type of coffin aircraft only sending people to meet god ... their engineers are god workers!

go up hill and go down hill ... like doing hill climbing exercise!

Some people worry no cheap sale and some people think now is cheap already .... and finally, JAKS doesn't disappoint them by givig cheap offer to them again ....

Value investors take this opportunity to load more .... they obsrve a supporting level around 75sen, they don't want to miss the opportunity!

Public Invest gave TP=0.77, is achieved ..., so unbelievable, in the midst of power turbine rolling at 3300rpm!

Read frontken report Q result ended Jun is better (YoY), this is good for Muhibah!

some ppl think should rebound, but .......

issued price 1sen + conversion price 19sen =20 sen, the floor price of conversion.

ok lah ... give u a like again ....
1) agreed with yr TP=0.31
2) next time pls post in larger wording, too small now!

is +ve 10 - 15 sen or -ve 10 - 15 sen ?

ok, give u a like for the fast write-up.

OSK HOLDINGS BERHAD

1. Details of Corporate Proposal

Involve issuance of new type/class of securities ? No
Types of corporate proposal Exercise of Warrants
Details of corporate proposal Conversion of Warrants 2015/2020
No. of shares issued under this corporate proposal 162
Issue price per share ($$) Malaysian Ringgit (MYR) 1.2000
Par Value($$) (if applicable) Malaysian Ringgit (MYR) 0.000
Latest issued share capital after the above corporate proposal in the following

Units 2,095,301,433
Issued Share Capital ($$) Malaysian Ringgit (MYR) 2,095,311,510.800
Listing Date 30 Jul 2020
---------------------------------------------------

Why this potato want to exercise the warrant? and only 162 shares!
Doesn't he know can buy cheaper?

Now, if buy below 0.80, DY =6%+ .... much better than FD, not worth to buy?

chance is given almost everyday,

value investors may take this opportunity to add more .....
those sold earlier olso can buy back cheaper .....

start to pull up .... ho ho ho :D

why should call re-rating? any significant corporate development?

no announcement of anything! looked like goreng only, like many other penny stocks ..... :-)

What happen?

who is buying PR? I see some body bot a lot of PR, even cleared those @0.005 and bot @0.01 .....

PA still no rise ....

Ho Ho Ho .... almost all bot earlier can make money now! those sold earlier hopefully can hv a chance to buy back :-)

So, those want to buy @0.38, 0.37, even 0.36 ... this ctr won't disappoint u .....

Philip ( buy what you understand) I don't see why cpecc would not be paying any dividend post expenses. But you have two issues
1: how much is the dividend to Jaks?
2: what is Jaks going to use that dividend for?

If you want to understand my worries, look back into history and study Chen lip keong, the founder of nagaworld and how he got the money to invest in Cambodia. More importantly, what happened to the shareholders of petaling tin, did they get a single thing from nagaworld Cambodia?

So what do you think you will get from jhdp?
----------------------------------------------------------------------------------

I know clk is one of the pariah of listed companise .... like tt of TA, vt of Berjaya ..... if one didn't when through the experience, may not believe those prestige figures are so cold blood, their shareholders are the first line sacrificial offering ......

I bot his co. before, not PTin, but FACB. Just now, i checked my record, i was trading FACB in 2014-2018, and get a quite handsome returned. :D I bot the counter was bcos it was cash rich, if not mistaken, cash/share was higher than share price, how ever, after trading for 4 yrs, i felt he was very dishonest, not up to my expectation, like special div. etc. After i disposed my last holding in early of 2018. I didn't buy back any.

I heard he is the "Casino King" in Combodia now, I don't really know what happened to PTin related to this .... may be i would check on this when free. For aa in JAKS, I also heard that aa has a private construction co. works along with the public listed co. to take the advantage, would check on this too when free. :D (bcos now there are many theme plays in Bursa, not only glove related ctrs, but also those penny stocks, so, more compelling to understand all these ctrs and find opportunities. :D may be u think i,m a speculator, I do allocate a portion of fund for short term risky trading. However, this is situational. On Friday, bot Tenaga without much tot, just glance at the consensus TP, will add more if price drop, considered as a real long time target. :D)

;-o

Shareholding agreement is considered as dividend agreement?

Anyone doesn't know this type of agreement and need to raise it in the coming AGM?

:-) :-) :-)

:-) :-) :-)

DK This is the real content of the shareholder agreement of Mong Duong II. It is my assumption that JHDP will have similar shareholder agreement.
---------------------------------------------------------------------------------------

Many thank for ur clarification, do u mind to provide the link of the content of Mong Dong ii agreement?

That is a stock analysis called FA,
That is a stock analysis called TA,
How about manipulating analysis? MA? ....I think many has already alerted by the last cycle when RI of warrant took place (the cycle a tycoon was KO). So, will the history repeat? or will not? after the tycoon cut loss, the price rose again, even higher. So, would you think that, if the tycoon not cutting loss, when the price rose higher, the tycoon would actually making money! or would you think that if the tycoon not cutting loss, the price won't rise to let him make money?

What's actually moving the price up? down? base on what factor the price was moved up /down?

DK Normally reserve matters listed in the shareholder agreement are more for protection of minority interest. Dividend payment, board composition, executive positions are among the most important issues. Therefore, these matters are certainly among the reserve matters which must be adhered to by the company unless overturned by unanimous board decision. If everything leave to board decision then no point having shareholder agreement. Minorities are then at the mercy of the controlling shareholders. This will not happen for international cooperation.
--------------------------------------------------------------------------

This is assumption or the real content of the agreement?

I still believe that, When to pay, How much to pay, still they need following meetings to decide!

slow slow die ....: -(

At the prudent side ..... even if the Viet power plants pay dividend, it doesn't mean is pay to JAKS shareholders. It is very reasonable for big boss to say Viet has good opportunities, and retain the profit for company future development in Viet ......

The future's not ours to see, is up to individual expectation, optimistic is the other choice .....

DK "unanimous board decision"
-----------------------------------------------

thanks forther clarification.

let's it be more precise, i believe the decision is not for futures dividend payout, When to pay, How much to pay, they still need following meetings to decide!

Philip ( buy what you understand) , Do u find this 2 sentences logic? frankly, I myself can;t understand, since u rise it, just ask ur opinion.

>>>>>>

Jaks will eventually have 2 out of 5 board seats in both JHDP and JPP.

Therefore, there is no risk of CPECC refusing to pay dividend.

Although the company is cash /operation expenses constrain, but it doesn't directly affect the share price .... because big boss is still very rich, he can manage the situation, so, don't worry too much. (Boss also can manipulate the share price according to his willingness, is a very capable boss)

Thanks! Hope it will declare dividend in it 1st. financial year !

So, when could be the earliest 1st. div. pay after the COD?

From now until the completion of RI, it takes at least 4 month .... so within this period .......

Agree that 30% profit is only acct entry, until dividend is paid. And paying dividend needs the Chinese partner nod, when will it be realized?

But now, JAKS is in severe cash /working capital constrain. It can be observed when the issuer fixed the issuing price at a unbelievable low @0.225, this "forced" the shareholders to subscribe, otherwise will face huge disadvantage! Revised of RI is very rare, but JAKS did it within 2 months. Is it so compelling?

This suspicion was confirmed when a director converted the WB to ordinary shares.

The director is the proxy of big boss. If he acts for himself, would he converted the WB to mother shares? He sell the WB, he can directly get 51sen. He exercises the conversion the pay 64sen and get back 81sen, an earning of 17 sen only (not including the WB cost, otherwise would be a loss). Why should he performs conversion?

The conversion has only one purpose, to inject cash to the company! (This is not something new, as far as I know, although very rare, some companies did this.) The company is the clear beneficial of the conversion! Converted 4m WB, injected 2.56m to the company account! May be now u realized why the same director always selling his holding! His act as a proxy of same purpose .......

Many have to be thought of .... the further deconcentration of share holding (this is no good), the 421m of debt, the waiting period of Viet power stations really pay dividend to JAKS ..... how long the time to pass the tunnel before seeing the light?

(This is the writer view, it could be not true, up to readers want to take it or not.)

Ha Ha Ha :D

Let's see tmr and after .....

Conversion of warrant,
0.25+0.64 = 0.89 !
still incurs loss, refer to today closing prx.

I feel this is not easy to comprehend, although Newbieinshare making a mistake by assume the WB was issued free, at least he provided a reason and some suspect they want to push down the price ..... hope there are elites provide other enlightened reasons too!

DK Dear Sslee,
Given the illustrated figures, if all Jaks-WB remain outstanding, its exercise price will be adjusted downwards to approx RM0.34 and the number of warrant will be adjusted upwards by approx 88% to ensure that warrant holders are not disadvantaged by the RI.
------------------------------------------------------------------------------------------------------
This one I must give you a thumb up, however, my calculation is a few sen lower, will check back when I hv time.

sliding .... :-(

ank stocks are safe, but u must consider the timing too ..... that is holding cost .... surely u want yr money can work as efficient as it can ...... don't be too self ego, below is a good example!

------------------------------------------------------------------------------
Icon8888 I am in

this stock is slow, but almost impossible to lose money at this level
11/01/2019 12:51 PM

==> on that day, the price was 2.22 and she said impossible to lose money at that level !
----------------------------------------------------------------------------------------

Icon8888 Every laggard will have its day
18/01/2019 11:14 AM

==> she didn't wait for the day comes, bcos she cut loss already !
----------------------------------------------------------------------------------------

Icon8888 My cost 223
28/04/2019 8:16 AM

Icon8888 Safe to buy

Upside don't know how much but downside limited
26/04/2019 11:00 PM

==> Safe to buy @2.19 !!!

---------------------------------------------------------------------------------------
Icon8888 No run

Dumb dumb hold
13/11/2019 7:56 PM

==> she run already and asked her followers Dumb Dumb hold!
==> she never told her followers she had already cut loss, just don't care!

@cckiong, I do not know where is the bottom, my meaning is, the revised 0.225 is surely giving advantage to the issuer compare to 0.40, because it is less risk of under-subscription.

I give u a on-going example,
Permaju is undergoing RI of IRREDEEMABLE CONVERTIBLE PREFERENCE SHARES ("ICPS"), the conversion mechanism is 5 ICPS are needed to convert to 1 Permaju ordinary share. The subscription price of every ICPS is 5sen.

That means, Permaju price must be above 25sen, in order to get people to subscribe to its ICPS.
Unfortunely, when approaching to ex-date, Permaju price dropped drastically, even below 25sen! Sharp minded people know that, the issuer has to push up the price, otherwise, it will be very much under-subscribe, and fail to get the money from their shareholders.

Some sharp minded people bought Permaju @0.2X, anticipate the issuer has to push up the price, and now, this is what exactly happened! Those bought @0.2X is now has gained 20%+, and hope for more .....

How about the issuer (Permaju boss)? He has to fork out extra money to maintain the price, until the close of subscription period. otherwise, no one will subscribe his RI of ICPS. (and the sharp minded people take the advantage ;D)

Back to JAKS, i think now u know, how lower the subscription can benefit the issuer, I'm quite sure he is very safe, surely no need to fork out more money by lower the subscription price to a unbelievable level of 0.225. :D

@cckiong Come and check back when approaching RI ex-date, may be by then u can get a bargain .....

is a usual phenomenon, price trend down until the RI settled, almost all shares like this!

he sets the subscription price lower to 0.225 (from 0.40), this means he can let the price go down and down .... even if drop to 0.40, shareholders still will subscribe .....

Be careful ... want to enter dump phase ......

price appreciated substantially .... noticed that the buying queue was in large vol, not ordinary buyer .... he also think the proposal would be passed and collecting?

Remarks :
The ICPS can be converted into new Shares at the conversion price of RM0.10 ("Conversion Price") in the following manner:

(a) 4 ICPS to be converted into 1 new Share; or

(b) a combination of such number of ICPS and cash with an aggregate value equal to the Conversion Price, subject to a minimum of 1 ICPS, and paying the difference between the aggregate value of the Issue Price of the ICPS surrendered and the Conversion Price in cash for 1 new Share.

The ICPS may be converted any time within 5 years commencing on and including the issue date of the ICPS up to and including the maturity date. Any remaining ICPS that are not converted by the maturity date shall be automatically converted into new Shares at the conversion ratio of 4 ICPS for 1 new Share.

https://www.bursamalaysia.com/market_information/announcements/company...

估价较低·发行量大 大稳控股PA折价交易/温世麟硕士
.
.
该公司近期宣布了两项联营合约，它们将为公司带来显著的营业额增长，这也是公司进行附加股融资计划的原因。

TAWIN-PA持有人，可以通过4优先股换取1母股。也可以选择使用1优先股加上7.5仙现金，把优先股行使成为母股。

换句话说，TAWIN-PA若在2.5仙发行价以上交易，其实是一项行使价为7.5仙的“凭单”。

TAWIN-WA的行使价，比TAWIN-PA高而期限也比TAWIN-PA短。该凭单的估价目前远比TAWIN-PA高。

不过，由于TAWIN-PA发行量大，它目前以折价交易。如果持有人行使短期内会对母股价位带来压力。
https://klse.i3investor.com/blogs/nanyang_warrants/2019-08-26-story-h1...
----------------------------------------------------------------------------------------------------------------
Today,
0.065 + 0.075 = 0.14
mother share 0.18, a discount of 4sen!

Remarks :
The ICPS can be converted into new Shares at the conversion price of RM0.10 ("Conversion Price") in the following manner:

(a) 4 ICPS to be converted into 1 new Share; or

(b) a combination of such number of ICPS and cash with an aggregate value equal to the Conversion Price, subject to a minimum of 1 ICPS, and paying the difference between the aggregate value of the Issue Price of the ICPS surrendered and the Conversion Price in cash for 1 new Share.

The ICPS may be converted any time within 5 years commencing on and including the issue date of the ICPS up to and including the maturity date. Any remaining ICPS that are not converted by the maturity date shall be automatically converted into new Shares at the conversion ratio of 4 ICPS for 1 new Share.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=2977567

估价较低·发行量大 大稳控股PA折价交易/温世麟硕士
.
.
该公司近期宣布了两项联营合约，它们将为公司带来显著的营业额增长，这也是公司进行附加股融资计划的原因。

TAWIN-PA持有人，可以通过4优先股换取1母股。也可以选择使用1优先股加上7.5仙现金，把优先股行使成为母股。

换句话说，TAWIN-PA若在2.5仙发行价以上交易，其实是一项行使价为7.5仙的“凭单”。

TAWIN-WA的行使价，比TAWIN-PA高而期限也比TAWIN-PA短。该凭单的估价目前远比TAWIN-PA高。

不过，由于TAWIN-PA发行量大，它目前以折价交易。如果持有人行使短期内会对母股价位带来压力。
https://klse.i3investor.com/blogs/nanyang_warrants/2019-08-26-story-h1479144967.jsp
----------------------------------------------------------------------------------------------------------------
Today,
0.065 + 0.075 = 0.14
mother share 0.18, a discount of 4sen!

Actually this stock is not without weakness, some can be thought of, like the management trustfulness, shortage of operating fund (would lead to RI) ..... but a few months back, many only concentric on the +ve side, they don't want to hear -ve infos, is in the fanatics enthusiasm mood ......

for example, they speculate the Vet power station COD at the optimist side, last yr, they speculated Mar, this year. When not materialized then they speculated May, then Jun, then August ..... i think many read what ALP said, a few days earlier. Is this new? No! contract between them and Vet gov. was before Dec.

Another point ALP said a few days earlier drew my attention,
除了能源业务，捷硕资源另外两大业务分别是建筑与产业发展；洪楠堡有信心，待捷硕越南海阳发电厂投运后，能源业务可在明年贡献逾半盈利。

“若新获得的建筑合约未开始贡献，能源业务的贡献比重自然能超过一半。”

My perception is, the steady income for Vet power stations would contribute around 50% of the future earning. So, the other half would be construction and property development, How good their record in these 2 fields? and ......(pls think about it yourself :D)

In the interview, he mentioned nothing about the RI, but said,
洪楠堡指，公司截至2019财年末季的净负债，仍处于约0.28倍的低水平。“这让公司有能力融资，供未来收购业务。”
My understanding is .... the company has the ability to raise fund through borrowing, so .....?

In the situation now, badly hurt are those who heavily loaded or fully loaded .... if they took a step back earlier, they will not be hurt too badly. The change of RI put salt to their wound, instead of fork out RM200 for every 1K they hold , now, they have to fork out RM360 .....

Change of the RI proposal is very very rare, in less than 2 month, JAKS did it,
i. maximum gross proceeds to be raised to RM289.64 million from RM160.92 million; and
ii. Minimum Subscription Level to be raised to RM200.00 million from RM130.00 million.

What happen? in less than 2 mths, they need 70m (min) -- 130m(max) more?

I'm not saying JAKS is bad, but it is not flawless, and definitely you have to think of other aspects besides Vet Power stations.