@Johnchew5. If you cant answer the following simple question, you are the greatest nincompoop in this forum.

From your following posts, the company should have sufficient positive cash inflows. Hence the company should be able to reward the shareholders with dividend payouts.

Why has the company recently proposed DRP to the annoyance of shareholders/investors?
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Johnchew5

A ) Referred to FY21 Annual Report :
The turnaround to Profitability was mainly from the share of profit in the Vietnam joint venture which amounted to RM 140.7 million in FYE2021 as compared to RM3.8 million in the previous year .

B ) Referred to FY22 Annual Report :
The increase in Profitability arose from the Higher share of Profit from the Vietnam joint venture that rose by 11 % to RM 156.2 million.
And Dividend RM 70.0 million.
C ) Referred to 1st QR ended March 2023 :
Share of Profit in Joint Venture is RM 28,326,000 compared to March 2022 RM 33,936,000.
( Note : from Key Matters Discussed, the reduced Share of Profit is due to increased interest expenses

*Is MV not current market price x share capital ?
*
Is the quantum of MV not determined by the current market price ?
*You are really a nincompoop @Johnchew5



A Promoter is like a teacher who is able to answer all the questions relevant to the topic asked by his pupils ? This bloody teacher keeps avoiding to answer the simple questions. On top of it , he keeps insulting his pupils by saying they are bunch of idixts. What kind of Fxcking teacher is he ?

A lot of critical questions have been posted to him , but the so called simpletonjohn can not answer directly. All he does is to repeat the published infor and avoid answering by taking nonsense.

If you say you are a referee, then you should not interfere or hype but watch if the so called promoter is doing his job or not. If not, fire him from the ring.

Lower ranking company has outperformed the higher ranking company in terms of market price , Why this happens? Is the higher ranking company ditched by the market or is the lower ranking company welcomed by the market ? Pre-signs of sunset for the higher ranking company ?

The more you guys hype , the more you guys look like buffoons.

lower ranking company has outperformed the higher ranking company, Why this happens? Something's wrong with the higher ranking company or something's good about the lower ranking company ? Pre-signs of sunset for the higher ranking company ?

This so called " promoter" is always running from reality and avoiding to answer in a direct manner. Good for nothing.
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UlarSawa
JohnChew is learning to be a good promoter wherelse the past promoters are bad one itu pasal kena tersangkut atas pokok msk sampai now pun meroyan lagi. Haiyoh. Correct?

Lame excuses are excuses. Dont waste your time to hype. The more you hype , the more you look like buffoon.

Is Jaks not a big brother in the construction sector ? Jaks is ranked within top 10 in the same industry , is it not ? where is the so called " premium being a big boy " that you are talking about ? Basically, NONE

Since you want to talk about the same industry , why is Muhibah's share price is 3.5 times higher and better than that of Jaks despite of the fact that Jaks is higher ranking than Muhibah and the positive ROE ,P/E and EPS of Jaks?

Jaks :
ROE 2.99
P/E 9.37
EPS 2

Muhibah :
ROE -1.27
P/E -30.17
EPS -2.24

Given the positive ROE and P/E of Jaks, why is Muhibah's share price is 3.5 times higher and better than that of Jaks under the same industrd despiite of the fact that Jaks is higher ranking than Muhibah under the same industry.
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Jaks NTA 0.68 .share price 0.20
Muhibah NTA 1.76 .share price RM 0.695

Jaks :
ROE 2.99
P/E 9.37
EPS 2

Muhibah :
ROE -1.27
P/E -30.17
EPS -2.24

You can not answer and nor can simpletonjohn? why keeps murmuring here as lousy promoter? Are you both not laughing stock here ?

Despite of the fact that Annjoo has negative EPS, P/E , ROE as opposed to Jaks's Positive EPS,P/E ,ROE, its market price is much much better than that of Jak. Futhermore Annjoo is much much more lower ranking than jaks .
why Annjoo MP can stand at RM 1.160 vs the pathetic MP of jaks at 0.195 if not lower?

Why?

@ johnchew5, the self claimed " promoter of Jaks " cant even answer the following simple question. Dont run away from reality like a chicken head. Answer it in plain English.

Why is market price of Jaks so pathetiv at RM 0.195 if not lower as compared to its partners whereby the current market prices of Ann Joo Green Energy Sdn. Bhd. and Fabulous Sunview Sdn. Bhd are flying high, reflecting at RM 1.13 and RM 0.930 respectively despite of the fact that its partners are much much lower in terms of ranking?

One of its partners, Sunview is even newly listed in ACE.

@ johnchew5.

Why is market price of Jaks so pathetiv at RM 0.195 if not lower as compared to its partners whereby the current market prices of Ann Joo Green Energy Sdn. Bhd. and Fabulous Sunview Sdn. Bhd are flying high, reflecting at RM 1.13 and RM 0.930 respectively despite of the fact that its partners are much much lower in terms of ranking? One of its partner is in ACE and newly listed.

If you cant answer this, then you are not fit to be a so called promoter but buffoon.

Is MV not current market price x share capital ?

Is it NOT the quantum of MV isdetermined by the current market price ?

Why KIND OF shity promotor are you ?

In your fantasy...

The current share prices of Ann Joo Green Energy Sdn. Bhd. and Fabulous Sunview Sdn. Bhd are flying high, reflecting at RM 1.13 and RM 0.930 respectively vs the pathetic market price Jaks at RM 0.195 if not lower.
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JAKS Resources Berhad (“JAKS” or the “Group”), a construction and power utilities company specialising in water and other infrastructure projects and energy development, announced that its wholly-owned subsidiary JAKS Solar Power Sdn. Bhd. via a consortium together with its partners, Ann Joo Green Energy Sdn. Bhd. and Fabulous Sunview Sdn. Bhd. have been selected as successful solar power producer with a capacity of 29.99MW under the Corporate Green Power Programme (“CGPP”)

no chance

Current Market price is the key to market valuation. Even the market capitalisation is based on the current MP.

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Johnchew5

Hoho Kon Nenek Joyvest tak tau google ke atau tak faham ke , Masih buat Badut show le , hahahaha…


The market value is the value of a company according to the financial markets. The market value of a company is calculated by multiplying the current stock price by the number of outstanding shares that are trading in the market. Market value is also known as market capitalization.



Posted by joyvest > 7 minutes ago | Report Abuse


Is MV not current market price x share capital ? 
Is it not that the quantum of MV is determined by the current market price ? 
Why are you running away from reality as a promotor?

No more good news. Such news is considered " woolf "

Business assumptions are important for decision-making and planning. They help to inform the direction of a business and provide a basis for making decisions. Without assumptions, it would be difficult to make decisions or plan for the future.

As long as the assumptions are reasonable based on the current circumstances surrounding the business at that point in time, no big deal.

Stony is said to be procrastinating and delaying and attempting to get the" relief" based on the QR, basically it is futile .

Nope,it wont happen in a million years.... stony must submit before deadline on and before 28/10/23 failing which AAX will risk to be delisted.... No joke

Since you can not answer the " deer without eyes", then another simple question - what do you call " the snake without eyes?

What do you call the " deer without eyes" ?? Answer this before I will let you know what the auditors of Jaks think.

What do you call the " deer without eyes" ?? Answer this before I will let you know what the auditors of Jaks think.

*Which Berhad (s) under main market listing being put under PN17 status has been granted with the relief by SC in the past ?
* Basically none.
*Then what makes you believe that SC would set a precedent for this case ?
* In short, No RP from both , No upliftment.

What do you call the " deer without eyes" ??

Many examples to come. The auditor of Bintai , HLB Ler Lum Chew PLT ) has issued" disclaimer " on its going concern issue following a lot of " pre-signs" . Now then Bintai is said to be on the verge of collapsing. No assumption but facts of pre-signs.

MGRC is under ACE market and has been granted relief from Guidance Note 3 (“GN3”) of the ACE Market Listing Requirements (“ACE LR”) under paragraph 8.03(A) of the ACE Market listing requirement.

AAX and Cap A are listed in the Main Market. Both are under PN 17 status , seeking relief under Paragraph 8.04(3)(a) of the main market listing requirement.

ACE listing requirement is said to be less stringent than Main Market Listing requirement among other things . Hence it is inappropriate to compare like to like in your citing below.
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kaninabu

@joyvest, isn't it MGRC just gotten exemption from submitting RP few months ago?

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. Very good example, KPMG said Serba Dynamic was insolvent following a lot of " pre-signs" but many disbelieved. In the end, departure from main listing and delisting is on its way fast and furious.

*Once you are in the PN17 status, the only way for it to be uplifted is through submission of RP.
*No RP, no upliftment.
*No such thing as automatic upliftment through relief or otherwise.

From the following announcement , RP is not yet done but that bugger has cited it is already done...is he out of his mind or what ?
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Pursuant to paragraph 4.1(c) of PN17 of the Main LR, the Board of Directors of the Company wishes to announce that the Company and the appointed advisers are in the midst of formulating a regularisation plan to address its financial condition.

That fellow is a " pre-sign of flop". but he cites that the " Pre-sign" is an assumption. Can we assume he is a two headed snake or not ??

Business assumptions are important for decision-making and planning. They help to inform the direction of a business and provide a basis for making decisions. Without assumptions, it would be difficult to make decisions or plan for the future.

As long as the assumptions are reasonable based on the current circumstances surrounding the business at that point in time, no big deal.

The shepherds boy has been calling " woolf " so many times that no one is believing him anymore . The can be applied to IB and anyone with bad agenda.

Two applications submitted.
*1st application for relief and upliftment
*2nd application for time extension in the event that 1st application is not approved( 2nd application is conditional to 1st application)
*1st application is pending as announced by AAX ,so 2nd application is also pending directly.

Likely outcomes
*1st application is expected to be disapproved. No RP, no upliftment.
*2nd application is largely expected to be approved so its back to square 1.
*Share price is expected to remain stagnant if not depressed until upliftment

No upliftment , the share price is expected to remain stagnant if not depressed irrespective of the Upcoming QR

No upliftment , the share price is expected to remain stagnant . QR is irrelevant.

It wont happen in a million years

As said in my previous posts, upliftment of both AAX or Cap A or none. There is no such thing as one is uplifted and the other one is not ....
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ericwwt

PN 17 uplifting this Friday. Only for AAX. Not Cap A.

From your following posts, the company should have sufficient positive cash inflows. Hence the company should be able to reward the shareholders with dividend payouts. Why the company keeps claiming that the earning should be ploughed back to be used as working capital for upcoming projects through its recent proposed DRP.


It can be inferred that firstly the company has difficulty to raise funds equity funding or otherwise and secondly the company never intends to reward the shareholders/investors with dividend payout like in the past.

You can fool the investors but you cant fool the Market.
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Johnchew5

A ) Referred to FY21 Annual Report :


The turnaround to Profitability was mainly from the share of profit in the Vietnam joint venture which amounted to RM 140.7 million in FYE2021 as compared to RM3.8 million in the previous year .



B ) Referred to FY22 Annual Report :


The increase in Profitability arose from the Higher share of Profit from the Vietnam joint venture that rose by 11 % to RM 156.2 million.



And Dividend RM 70.0 million.



C ) Referred to 1st QR ended March 2023 :

Share of Profit in Joint Venture is RM 28,326,000 compared to March 2022 RM 33,936,000.


( Note : from Key Matters Discussed, the reduced Share of Profit is due to increased interest expenses

No use. Due to the difficulties of raising fund be it equity funding or debt funding , projects are expected to be aborted. The above can be evident from the recent application for time extension to complete the PP. The PP is not considered as sizable and yet they are faced with difficulties to raise.

The current share prices of Ann Joo Green Energy Sdn. Bhd. and Fabulous Sunview Sdn. Bhd are flying high, reflecting at RM 1.13 and RM 0.930 respectively vs the pathetic market price Jaks at RM 0.195 if not lower.
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JAKS Resources Berhad (“JAKS” or the “Group”), a construction and power utilities company specialising in water and other infrastructure projects and energy development, announced that its wholly-owned subsidiary JAKS Solar Power Sdn. Bhd. via a consortium together with its partners, Ann Joo Green Energy Sdn. Bhd. and Fabulous Sunview Sdn. Bhd. have been selected as successful solar power producer with a capacity of 29.99MW under the Corporate Green Power Programme (“CGPP”)

No use. Due to the difficulties of raising fund be it equity funding or debt funding , projects are expected to be aborted. The Market does not react positively to the news . This can be reflected in the current market price.

Whatever the value , it all depends on the current market price. Current Market price is the key to market valuation. The fact is that the current market price is RM 0.19 if not lower
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Johnchew5


Hoho Kon Nenek Joyvest tak tau google ke atau tak faham ke , Masih buat Badut show le , hahahaha…


The market value is the value of a company according to the financial markets. The market value of a company is calculated by multiplying the current stock price by the number of outstanding shares that are trading in the market. Market value is also known as market capitalization

Today the market seems not to be happy with what 🐍 has said....

How many time i told you that Cap A was in deep Shxt because of AAX , morally AAX should extend its financial help cos they are interrelated . You have no bloody connection with the bank, why should the bank help you ?

Cap A is stuck forever meaning its shares are not tradeable in the Market.
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GoldenBull66

Can I walk into a bank and tell them I got no choice but to rely on you to survive..so you must give me the money. Can I?
Capital A won't stuck forever..they will just delisted. That simple