Chuckie1, Jaks insolvency risks, better still, let bankers and creditors liquidate the company, each share can get back RM5.00

Hi Heopens ItFirst: Myself and DK have consolidated our survey into a single platform TOGETHER WE CAN PROTECT OUR INTEREST. Those who agree, kindly send your full name and shareholding to DK's personal i3messenger. Thank you for the support.

Ainot, don't worry, ALP will ask Jho Low to manage the money for him

Windy1974, we should offer ALP RM20mil if he behaves himself

We don’t have to concern about the progress, operation or the profitability of power plant project, as these are the job of CPECC.

CPECC will help us achieved all the target according to plan or else they will be hang to dry when they returned to China.

Our job is how to control ALP from abusing the money to the tune of HUNDREDS OF MILLIONS OF CASH coming from the power plant yearly.

Q&A during AGM is a good, however, we have to take the answers given by ALP with a pinch of salt as he is not legally binding to deliver what he has promised during AGM. Please be inform that ALP has also promised before that there won’t be rights issue to raise fund for power plant equity and yet what has happened.

All of us who has bought into Jaks are in the same boat, the only thing that can control ALP is our vote, the only thing that can make ALP cautious in abusing the power plant income is also our vote, we have to fight ALP with our vote and not depend on his sympathy as most of us known from experience that ALP has no heart for minority shareholders.

I suggest during the upcoming AGM, we VOTE AGAINST the following 2 resolutions :-

1. The re-election of Dato’ Razali Merican as director – it was because he has shown non-confident in the company and depress the share price by continuously dumping his personal share in open market

2. Approval for directors to allot shares not exceeding 10% until the conclusion of next AGM – the objective is to prevent further dilution of interest through private placement

On paper ALP has 13.3% shares, assuming all 30 major shareholders are his proxy, which is unlikely, the maximum he has is 35%. At the very least, our group in unity will make ALP more cautious when he is dealing with hundreds of millions of power plant money yearly.

As vin3133 mentioned, we have 800 plus followers here, I offer to do a tally to determine the total number of shares that we own. Our objective is BE PROACTIVE TO PROTECT AND SAFEGUARD OUR OWN INTEREST. For those who agree, please email me the registered shareholders name and the number of shares held. I can assure you that it’s private and confidential, I will not disclose the information to anyone without your consent.
My Email Address: investoo33@gmail.com
Thank you.

7. During the exclusive interview with Nanyang newspaper on 11 July 2020:
Andy Ang pointed out that the company's net gearing ratio as of the end of the fiscal year 2019 is still at a low level of about 0.28. "This gives the company the ability to raise funds through borrowings for future business acquisitions."

If the company can raise funds through borrowing, why proposed rights issues at this covid-19 pandemic time?

My understanding of Jaks rights issue - Andy and no-name underwriter try to pay RM0.40 for a RM2.00 share, making multibagger returns at the expense of some minority shareholders.

Hi DK66, Please add me in. Thks

Stock pick for 2018
1. Lionind 30%
2. Masteel 30%
3. AirAsia 20%
4. AAX 10%
5. XOX 10%
Thank you Mr Tan

Derrick37, our long steel companies not using gas, they use electricity i.e. Electric Arc Furnace.

Masteel poor performance for the quarter is due to forex loss of RM11 miilion, I expect next quarter EPS of at least 6 sen, PE 3.45 at current price.

Management honest or not, just benchmark their performance against Taann.

Dear MC WEI, Submission for first 20 runners on Year 2015 and 2016 is until 6 Jan 2017, 8.00am. A lot of people still unaware of the set up of The Self Managed Portfolio, I suggest it should having the same deadline to encourage more people to participate. The problem you mentioned can be resolved by taking the closing price of the day the portfolio is created.

Hi Mc_Wei, This is my pick for 2017
http://klse.i3investor.com/servlets/pfs/71261.jsp
Thank you.

2017 Picks
Lionind 30%
Masteel 10%
Keinhin 10%
Excess cash 50%, invest later.

There will be one off FX translation loss for the next quarter. PMetal unlikely to hedge the full amount of USD loans. Natural hedge is on revenue, cost and USD loan repayment, in accounting you have to recognise the full USD loan translation loss in your P&L. Beyond next quarter, the results will be good.