with this company, paper loss is already permanent loss from the issued price till the current price now.

It would have been upside for a long long time. In long as the perennial problems are not addressed internally from within , it is going no way.

Low risk low return . It is not a matter of cheapness but a matter of worth.

let the "Market" be the judge and decide the fair market price. It is very fair.

When things are not right and fishy , they should be exposed and leave no stone unturned for goodness sake. The investors are not stxpid , they are discerning to see the goodness and otherwise in the company.

What is already rotten is already rotten .No matter how you hard you hype on it , it is futile.
Once bitten twice shy , twice bitten never try. It is as simple as that....

Maybank report is misleading.

Though it looks and sounds like the application for upliftment is under consideration by SC, it is not the actual fact. The recent approval for time extension of submission of RP can be conferred as a confirmation of the stand of SC and the intention of SC not to approve the application for upliftment.

Given the so called low gearing ratio of 37.5% , the company can still resort to external borrowings. However, it remains to be seen if the financial institutions are keen to lend to them or not given the pathetic current market price.

The so called " low gearing ratio" is in fact motivated in disguise due to its massive share capital of 2.9m which has been accumulated through massive RI and PP over the years.

Despite of injections by the investors via RI and PP ,the investors are not duly rewarded through dividend payouts ( never payout since listing) and capital gains for their investmsnt ( capital loss now). For these reasons , the investors are believed not to be keen to subscribe for RI and PP any more. Hence, it is foreseen that the company will be faced with difficulties for fund raising for any upcoming projects. There is a valid reason (s ) why the current share price is depressed.
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Johnchew5

Gearing Ratio of jaks : 37.5 % ( 0.375 X )

The so called " low gearing ratio" is in fact motivated in disguise due to its massive share capital of 2.9m which has been accumulated through massive RI and PP over the years.

Despite of injections by the investors via RI and PP ,the investors are not properly rewarded through dividend payouts and capital gains for their investmsnt ( capital loss now) ,the investors are believed not to be keen to subscribe for RI and PP any more.Hence, it is foreseen that the company will be faced with difficulties for fund raising for any upcoming projects.
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Johnchew5

Gearing Ratio : 37.5 % ( 0.375 X )

Cash flow is lifeline of the company .No positive cash flows,business is unsustainable, business Closure is a reality.

The recent granting of time extension to 28/10/23 to AAX is already a demonstration of the intention of SC that SC is not going to approve the application for upliftment of AAX

These buggers keep saying AAX and Cap A are different of and independent to each other. Yes, they are legally separate entities but "transaction wise" , they are not . They are inter-related companies. Thats why they are inseparable in the view of SC. Upliftment of both or none .

Basically SC is helping both companies ie both to be uplifted together or none....It is up to stony.....

Both AAX and Cap A are inter-related
Both ( AAX and Cap A ) must submit RP
Both must be uplifted TOGETHER or NONE in the view of SC . There is no such thing as one is uplifted while the other one is not

The keyword is " together ". Until then, both share prices are expected to be stagnant if not depressed.....

QR is QR ,
RP is RP
Restructure of company rests with the directors and shareholders via RP
PN 17 is reinforced by SC
Approval of RP rests with SC
Approval of upliftment rests with SC

1. AAX submitted an application to UPLIFT PN17

- It is also the fact that AAX also submitted Application for time extension if upliftment is not approval . The recent granting of time extension to 28/10/23 is already a demonstration of the intention of SC that SC is not going to approve the application for upliftment

2. Capital A submitted an application to EXTEND period for RP submission

- It is also the fact that Cap A is required to submit the RP on and before 28/10/23 synchronised to be the same date as AAX

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AlphaInvestor

The fact is:
1. AAX submitted an application to UPLIFT PN17
2. Capital A submitted an application to EXTEND period for RP submission

Their actions already show they are in different time zone in terms of PN17 upliftment.

Before massive mountain avalanches happen, peddle stones ( tiny stones ) are falling down as pre-signs. No assumption but fact of pre-signs. Similarly, before the realisation of downfall of the company, facts of pre-signs are emerging ...... No Assumptions.
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UlarSawa

Now PH-BN very optimistic boleh menang Kedah Kelantan and Terengganu leh. Cakap is easy leh. PN also very optimistic can menang Selangor and NS leh. Cakap pun easy leh. So how. Both sides pun making own assumptions juga leh. PRN result out baru jadi facts leh. Same same juga at here leh. Assumptions still assumptions belum jadi facts lagi leh. Haiyoh. Correct?

It is the fact that the collection problems has been deteriorating from one year to another.

This can be evident from the audited reports where the impairment for trade receivable has been increased to 17.5% ( RM 48m) in 2021 from 14% (representing RM 41m) in 2020

It is expected the impairment will be even higher in 2022 and 2023

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Johnchew5

Hoho another impairment of over RM 20 million on a Rm 8 Billion Power Plant Project Construction ! Represents 0.25 % lo …

Before massive mountain avalanches happen, peddle stones ( tiny stones ) are falling down as pre-signs. No assumption but fact of pre-signs. Similarly, before the realisation of downfall of the company, there are facts of pre-signs...... No Assumptions.

To put it another way, who causes Cap A to be embroiled with heavy debts??

To keep it simple , who does the maintenance of AAX fleet ? Answer me this simple question.

The reason for which Cap A is heavily indebted is due to AXX . Hence , AXX has the moral obligation to salvage Cap A.

Legally , AAX and CAP are not tied together but operationally they are tied together. The keyword is operation wise.

Maybank is self -comforting itself by saying that the upliftment is ongoing, which is basically self-deceiving.

Nope, the reason for which Cap A is heavily indebted is due to AXX . Hence , AXX has the moral obligation to salvage Cap A. Legally AAX and CAP are not tied together but operationally they are tied together.

For the above reason , both ( AAX and Cap A ) must be uplifted TOGETHER or NONE in the view of SC . The keyword is " together ". Until then, both share prices are expected to be stagnant if not depressed.....

There have been signs of local businesses making losses year in year out and the losses are expected to be mounting fast and furious. It is a matter of time when the profitability generated from the plant in Vietnam would be squeezed by the mounting losses.

The reliance on the profitability from the plant to turn the losses into profits for 2021 and 2022 ( two years consecutively) is alarming. It is not surprising to see the company to turn to the red for 2023 coupled with the expected impairment on collection.

Some of you still believe that upliftment of AAX will be done alone since it is out of PN 17 requirement NOW . Sorry to say, it wont be uplifted for the reason mentioned above.

Irrespective of the upcoming explosive earnings of AXX, SC will not uplift AAX alone. As said, both ( AAX and Cap A ) must be uplifted TOGETHER or NONE. The keyword is " together ". Until then, both share prices are expected to be stagnant if not depressed.....

Irrespective of the upcoming explosive earnings of AXX, SC will not uplift AAX alone. As said, both ( AAX and Cap A ) must be uplifted TOGETHER or NONE. The keyword is " together ".

Though Cap A and AAX are not connected, they are viewed as " conjoined twin" by SC. The debts of Cap A arose as a result of AAX .In the view of SC, Upliftment of both or nothing ie SC will not uplift one but both together. Hence , Cap A is totally relevant.

The simpletonjohn has the nasty habits to run away from reality,to refute without valid reasons/grounds/basis,to belittle with irrelevant remarks rather than answering the points ,to distort the facts without disproving with counter-facts. to curse others who dont see eye to eye to his view etc.

Anyone is in support of him is tantamount to possessing same traits as him.

1) PRN of 6 states on 12/8 - irrelevant

2) QR by ard end August - would have been loss if not due to the JV share of profit derived from plant in vietnam. In 2021 and 2022, Jaks would have reported huge losses if there was no significant contributions ( oversea revenue) from the plant in vietnam meaning to say that the local revenues are not encouraging.

3.) August to September 23 : Solar LSS4 Project commissioning - Upon commissioning , projects are considered to be fully completed which means end of revenue for the company

4) October 23 : dateline on MOU signed on a Europe Country Solar Project. Will it be success ???- MOU is signed with the agenda to stimulate the share price but of no avail . Furthermore ,faced with the difficulties in fund raising evident from the poor response to the recent PP raising, project is expected to be aborted

5) Jan to Feb 2024 : will Jaks be successful increase Vietnam JV holding from 30 % to 40 % ?? - No money to buy. To increase 10%, Jaks is required to fork in at least RM 200 m ++. Coupled with the repayment of hetfy debts of RM 600 m , the company is believed to be cash stricken now and unlikely to increase its shareholding.

1) PRN of 6 states on 12/8 - irrelevant

2) QR by ard end August - would have been loss if not due to the JV share of profit derived from plant in vietnam. No big deal

3.) August to September 23 : Solar LSS4 Project commissioning - End of revenue for the company

4) October 23 : dateline on MOU signed on a Europe Country Solar Project. Will it be success ???- MOU pending funding. Faced with the difficulties in fund raising, project is expected to be aborted

5) Jan to Feb 2024 : will Jaks be successful increase Vietnam JV holding from 30 % to 40 % ?? - No money to buy. To increase 10%, Jaks is required to fork in at least RM 200 m ++. The company is believed to be cash stricken now and unlikely to increase its shareholding.

CPECC is said to pull off from the JV.When CPECC is gone , Jaks must go as they rely heavily on CPECC for their management and operation of the plant.
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Johnchew5

Hoho why worries, with concession 25 years le , hohoho ..

1) PRN of 6 states on 12/8 - irrelevant

2) QR by ard end August - would have been loss if not due to the JV share of profit derived from plant in vietnam. No big deal

3.) August to September 23 : Solar LSS4 Project commissioning - End of revenue for the company

4) October 23 : dateline on MOU signed on a Europe Country Solar Project. Will it be success ???- MOU pending funding. Faced with the difficulties in fund raising, project is expected to be aborted

5) Jan to Feb 2024 : will Jaks be successful increase Vietnam JV holding from 30 % to 40 % ?? - No money to buy. The company is believed to be cash stricken and unlikely to increase

Why makes you think that it wont plummet below RM 0.185 in light of its bad publicity to the public ?

Forget about the upcoming explosive earnings. Thats not the Key point.

The key point is the requirement of SC for both AAX and Cap A to submit the RPs TOGETHER in time . This is the only way to stop them bleeding. No doubt AAX is out of the PN17 Requirement but Cap A is not. SC considers them as " Conjoined twins ".AAX and Cap A are not mutually exclusive .

Jaks is reporting profit so far due to the significant contributions from plant in Vietnam,without which,they are dead meat.

Their share price stands at 0.195 for a valid reason.

Jaks NTA 0.68 .share price 0.195
Day3 NTA 0.08 .share price 0.485

Question directed at simpletonjohn who has been avoiding to answer.

Why is the share price of the small fly " day3" is higher than that of the "well- established "Jaks " given the fact that NTA of 0.08 of day3?

Today seems to be the cheapest ??

Amazing, selling like hot cakes..... the hotter the sun, the hotter the stock......

Dont count the chicks before they are hatched. Dont pre-celebrate in the match before the whistle is blown

Stony has been trying his luck since last QR but SC is not convinced. It is expected that SC will not be moved but persists to be in need of RP..

To my observation, the buying is mostly supported by retailers of small volumes.

AAX has announced that their application for relief and upliftment is still under consideration by BURSA. The longer BURSA takes to consider , the nearer the deadline to submit ( deadline is 28/10/23). BURSA can take its own sweet time but AAX can not .......

BURSA has granted the time extension for AAX and Cap A to submit the RPs together ( so to speak ) on and before 28/10/23.

Forget about the upcoming explosive earnings. Thats not the Key point. The key point is the need for both AAX and Cap A to submit the RPs in time. This is the only way to stop them bleeding.....

It seems that it is flying to the opposite of Moon?

Even Ekovest Berhad ( Operating in the same industry ) is performing much better in terms of its share price of 0.430 vs 0.19 of Jaks despite of the fact that Ekovest shows negative EPS , P/E and ROE.

These buggers hyping are either blinded or delusional of the highest order.

It is believed that the existing shareholders are not keen to subscribe for RI for the same reasons mentioned above. The existing shareholders are expected to give up their " pre-emptive right " to subscribe as a result of which RI is expected to be massively undersubscribed which would further depress the shares price to abyss.

The further time extension of PP is already a demonstration of their difficulties in equity fund raising needless to mention the external funding. Investors/ shareholders are reluctant to pump in more for the company due to their hostility towards their stakeholders in the past.

Do you still believe that the investors/ shareholders/ stakeholders would accord to Jaks's request for further funding be it equity or external funding ? Perhaps in your fantasy.