KYY margin call very soon

Send@i looking for 0.86 soon.

@nkk53

Better discount on the way.
RM0.90 is much better and it's lower than KYY entry price.

J@K$ looking to touch RM1.30 soon.

@peterchu

Trade war already started when US increase the price of steel & Aluminium tariff on china products last month.

Now is just retaliation and how far the escalation will go.

You guys are buying to help him defend his stock from falling further.

J@K$ looking to touch RM1.36 soon.

Bjcorp is making losses for 3 consecutive quarters.
Chart wise is also not good.

WOnder which idiot still promoting it.

@Beary

Lol, trust no one but yourself

Lol, pump & dump

Any idea why KYY not buying above 33%?

Will know the direction of the share price after the final hearing on 6/4/2018.

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Type Announcement
Subject MATERIAL LITIGATION

Description JAKS Resources Berhad (JRB or the Company)
Injunction on Bank Guarantee issued to Star Media Group Berhad (formerly known as Star Publications (Malaysia) Berhad) (STAR)




Reference is made to the subject matter and the Company's announcement on 20 March 2018.

At the High Court today, the High Court adjourned the hearing of the 2 applications for injunction until 6 April 2018. The ad interim stay restraining the issuing financial institutions from paying out the proceeds of the Bank Guarantee and Star Media Group Berhad from receiving the proceeds remains in effect.

This announcement dated 26 March 2018.

@bowman

What is the tech refers to?

The company orderbook is currently under RM2 bil.
Will clear this in next 12 mths.
Seems replenishment of orderbook is slow.
Due to the fact that around 60% of the revenue comes from middle east, it may have impact in the next 2-3 years.
Not sure about KYY foresight though.

@arv18

Where to get the online live quotation for KLIBOR?

KYY pushing hard....!
Looking for RM1
Huhuhu

The private placement dilutes shareholding of existing shareholders and earnings per share.
It's better than Rights issue.

In any case, I think the board is trying to ensure KYY shareholding is diluted over time.

KYY accumulating more the last few days

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5738689

Defending his own shares

@hollandking

Agreed

@Dk66

Seems you're also supportive of this project.
You should buy some too then.

If you're rich like KKY, you may subscribe to the private placement as well.

@DK66

They= who?

The private placement is for fund raising based on Bursa announcement.
Similar to Rights issue except that placement is not for existing shareholder.

Refer to announcement criteria:
The Placement Shares will be placed out to 3rd-party investor(s) to be identified at a later date who qualify under Schedules 6 and 7 of the Capital Markets and Services Act 2007.
To clarify, the Placement Shares will not be placed out to the following:
(i) any director, major shareholder or chief executive of JRB or any interested person connected with them; and
(ii) nominee corporations, unless the names of the ultimate beneficiaries are disclosed.

@DK66

Maybe he knows something that we do not. I assume must be NOT GOOD.

I was wondering if he is optimistic like KYY, knowing that J@K$ will worth eg: RM3 next few years, why would he want to sell.
In fact, he should be buying with the money he have.

If everyone knows by next week, J@K$ will be eg: RM3, would you sell or buy?

@issac99289928

Your answer is in his blog:

I have asked for board representation a couple of times before but the CEO Andy said that the board of directors rejected my request which made me more suspicious. They must have some things to hide from me? It is Andy who is making all the decisions because all the other directors were appointed by him. Moreover, each of them has less shares than Andy. They just act like rubber stamps. That is why he does not want me.

KYY+ wife= 150 mil share

1 day = dispose 1 mil share, takes 150 days to clear

1 day= dispose 5 mil share, takes 30 days to clear

1 day= dispose 10 mil share, takes 15 days to clear

In summary, the share volume will tell if he is disposing soon, unless he offload to 3rd party (off market transaction).

Interesting, directors start to dispose shares in open market.
Waiting for KYY turn

@Newplayer286

Like issac99289928 say, KYY is cash rich, he will defend the shares.

What do you think?

@hng33

WOw, supporter of KYY. Thumbs up!

Next J@K$ should be RM1.36.

J@k$ reaching rm1.4 soon

@newbie911

Force sell by bank unless KYY top up collateral(cash/fd,etc)

KYY article on 16/5/2016

1.The 83-year old former civil engineer, who has a large following among retail investors, also alluded that he failed to disclose his buying and selling of shares on time to the company because of the cumbersome system of reporting share transactions on a daily basis.
---> KYY is 85 this year

2.“The main problem is that I have too much money which is why I need to buy above 5%. I am too good at buying shares (which has got him a lot of followers). But when I say it like that, it sounds like a bad word,” says Koon when asked on his late disclosures in shares he buys and sells.
----> Arrogant

3.Koon’s untimely disclosures came to the forefront when VS Industry announced to Bursa on May 4 that Koon was no longer a substantial shareholder after having sold in the market a staggering 44.08 million shares between March 18 and April 11.
The announcement was only made on May 4, which was seven weeks later.
-----> Beware he may be selling while you pick up

4. Going forward, Koon indicated that he might restrict his buying of stocks to less than 5% so that it would need no disclosures.
-----> Seems he never plan on doing , what he preach. LIAR?

5. He has margin accounts with six brokers and his total margin loan amount is RM150mil.
-----> Bad strategy for investment with borrowed money. If he is rich like he mentioned is item #2, why the need to borrow.

6.“A few times I made the mistake of instructing one remisier to sell in the morning the same share that I instructed another remisier to buy in the afternoon. In fact, the authorities had reprimanded my remisers who were involved in these transactions that might seem to mislead investors. Those were honest mistakes,” he said in his blog.
-----> Really a mistake or manipulating shares? Reminds me of Repco Low

Note: https://www.thestar.com.my/business/business-news/2016/02/29/repco-low--gets-5-years-in-prison/

7. Among investors, Koon is seen as a sort of “hero” who understands the market well. His stock picks are followed closely by most in the investing community.
-----> Hero in investing community?

8.Koon assures his followers that he has no intention to mislead people to lose money.
------> Why blog and brag about it?

9.“I have never recommend readers to buy any share if I am selling. As you know, I have written many articles about Latitude, VS and Lii Hen which have gone up a few hundred per cent over the last 2 years. If you have followed my recommendations, you would have made a huge profit. Of course, if you were too greedy and did not sell, you cannot blame me,” he said.
------> Really?

10.In the case of Latitude Tree, Koon who was a major shareholder with a 5.01% stake, only gave notice of his disposals in January, two months later. Based on filings on Jan 11 this year, he acquired, disposed and transferred Latitude shares between Nov 16 and 23.
------> Transferred shares? Sounds familiar with J@K$ recently.

KYY blog is down
Thumbs up!

https://www.sc.com.my/wp-content/uploads/eng/html/invAffairs/Complaints_Form_SC.pdf

The Securities Commission Malaysia (SC) today issued a warning to investors over the increase use of blogs, forums and social media platforms to spread false and misleading information on certain companies in order to perpetrate ‘pump and dump’ schemes.

Perpetrators would accumulate shares at lower prices before posting positive sentiments about the companies, with the intention to spur interest in the shares in order to drive up its price. When unsuspecting investors buy the shares, it gives the perpetrators an opportunity to sell the shares they hold at a profit. Investors who have bought shares at the inflated price will suffer losses when the hype eases.

The SC and Bursa Malaysia have recently identified a blog ‘Bonescythe Stock Watch’ which was found to have published various articles that contain statements and forecasts that were misleading and deceptive, an offence under Section 178 of the Capital Markets and Services Act 2007 (CMSA). Following SC’s intervention action, the blog has been removed.

The SC advises investors to always exercise diligence and verify the legitimacy of information before making an investment decision. Investors are reminded to be cautious of the risk of fraud and when in doubt, to seek advice from persons who have been licensed by the SC.

Members of the public who have come across any suspicious websites, as well as e- mails relating to investment advice or any other capital market activities and services, may alert the SC at the contact number +603 6204 8999 or e-mail aduan@seccom.com.my.

http://www.mondovisione.com/media-and-resources/news/securities-commission-malaysia-warns-investors-over-pump-and-dump-schemes-via/

Waiting for 3 days limit down

JAKS to pay RM50 mil plus all damages and legal costs.

If everyone short sell this counter, KYY would be in deep trouble.

@ARV18
That's why he is creating news to defend JAKS and to make sure everyone buy JAKS while he unloads.

@malayantiger16888

In every investment done, locally or internationally, we always invest in a company with clean background as much as possible.

A legal dispute can end up badly for the losing party and now it stands 50-50. 50% of losing is big enough to deter investors.

By the way, you may refer to Bursa Malaysia for the S&P terms and conditions.

JAKS could always disagree with the additional changes required by STAR. S&P document is legal binding.

@issac99289928

I think you are mistaken.

KYY is borrowing for share investment. It's called share margin facility.

It has nothing to do with financing a biz.

READ HIS BLOG again.

Hi everyone.
I've just notice a hot topic on JAKS recently.
I thought of joining in this discussion.

One thing I notice is KYY will always defend his investment even though it may be wrong.
No one is 100% correct in every decision regarding investment. Even warren buffet made mistake with IBM for example. And Warren Buffet is top 10 billionaire in the world.

He borrows with share margin facility to buy his shares, thus when shares are going down , just like JAKS he will be posting more stories to defend his stock and hope that he will not require to answer his margin call. And he claims to be able to beat the interest rates against market return most of the time.
From the sound of it, he is arrogant and I hope he will end up burning all his cash at his old age and learn humility.

However, my thoughts are borrowing to invest is always the wrong approach and will always fail as market had ups and downs.
JAKS has a legal dispute going on and this will definitely not go well with the company and most investment banks will either ask KYY to top up or sell off some shares due to the risky nature of JAKS's legal dispute.


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Remember his article below:

Hengyuan: A blessing in disguise – Koon Yew Yin
Ever since I started doing business I always borrow large sum from the banks. I have always been able to make far more money than the interest I need to pay the banks.
For share investment, besides our margin accounts with Maybank, my wife and I have big margin accounts with T A Securities and Hong leong Investment Banks.
I have big margin accounts with Affin, Kenenga, RHB and CIMB. Our total margin finance is more than Rm 200 million. All these huge borrowings sound unbelievable. I have always been able to make far more money than the interest charges. I can easily make more money than the current interest rate of 4.8% pa from the stock market.