as long as no hard brexit, and extension of Article 50 to negotiate for best deal, this counter will move, : )

Europe hints at backstop vow to get May’s Brexit deal through Commons vote.win-win for EU n UK, : )

May's tactic, : )



Posted by Icon8888 > Jan 4, 2019 05:19 PM | Report Abuse

Unlikely no deal brexit

If they messed up the economy, there will be an avalanche of bad debts

The entire UK financial system will be destabilised

I see all these no deal talk as political manuvering

no deal 肯定会乱的, 要恢复是很多年的事了

@Jiahui, remain eat abalone, no deal eat grass, : )

可以 short selling 的, : )

do not underestimate the effect of no deal brexit, : )

actually good for them to sell, Ah Liew is laughing, : )

kwap n amanah don't hv to report to bursa bcoz less than 5%

look at the way they sell wa, u know already either one of them, crazy

as expected, jaks-wa below 0.20, : )

actually they started to sell after Q3, most probably from kwap, amanah saham and epf

JAKS-WB below 0.20 is matter of time, : )

Post removed.Why?

: )

红毛人不爽ewint表现那么好，所以要玩残它

老板那里会作这种事，开玩笑

ikan bilis killer, : )

LOL

panic selling ? : )

release, : )

JAKS - My Advice - Koon Yew Yin

Author: Koon Yew Yin | Publish date: Mon, 10 Dec 2018, 12:36 PM


Since I have sold all our shares, many people asked me why I sold all our shares and should they buy it at 50 sen per share.

As I said, forced selling was a blessing in disguise. I was forced to sell at much higher prices in comparison with the current price of 50 sen per share.

I have extracted the following numbers from its latest quarter result:

Short term bank borrowing Rm 99.38 million

Bank over draft Rm 18.214 million

Long term borrowings Rm 323.978 million

Total Rm 440.978 million

Trade & other payables Rm 840.1 million

Total Rm 1,281 million

Total issued shares 546 million

Debt per share 1281 divided by 546 = Rm 2.31 per share.

The company is trying get back to some money by selling convertible warrants at 25 sen each with a conversion price of 64 sen per share, totalling 89 sen. Who will buy the warrant?

As you know the company has a lot of unsold properties and under the current depressed market condition, it will not be able to sell its properties. Moreover, Star’s legal claim for non performance and late completion has not been settled.

As a result, interest charges will be amounting in the next few years. The company cannot hide its losses anymore and it has already reported losses in the latest quarter.

I have already admitted my expensive Rm 64 million mistake because I was focusing too much on its power plant in Vietnam and ignored its property and contracting businesses.

It can only report losses in the next few years.

Why should you buy when the company cannot report any profit?

don't think kyy will buy back, without kyy to push n continue to report losses in the next 2 or 3 years, do u think the price will move higher in 2019, : )

Icon.....Icon, : )

Koon Yew Yin : Sad to say that Jaks does not comply with my golden rule anymore because it has too much borrowings to finance its properties during the current depressed market. Jaks will continue to report losses in the next 2 or 3 years until the completion of the power plant.

give u LIKE, 3iii, : )

finally, otherwise next AGM someone will bring banana, : )

wow this round kyy jialat lor

20,000 units @ 0.835

4Q loss, : )

50,000 units @ 0.86 all matched, : )

50,000 units @ 0.86 all matched, : )

another 30,000 units @ 0.865 , : )

ok lah although the mgmt performance below expectation, managed to buy 20,000 units at 0.865 to support Malaysia company, : )

Ewint.Q4 loss !

majestic about 40km from city centre, cheras and kajang traffic u know i know, who want to stay there, : )

good

all in if below 0.90 again, : )

: )

wow, sell like no 2morow

fallig durian ? : )

panic selling, scary

Roger 还抱着不放，要慢慢等，: )

looks like big boy worry about hard brexit, : )

sell like no 2morow ? : )

kak Sarifah pandai wrestling juga, ha ha ha

wow, 2morow up up up, huat ah, ha ha

profit taking............ : )

enjoy abalone tonight, huat ah ! ha ha ha

wow 1.01, power, yahoooooooo.......