@TrippleZ

Please push to RM3.


Haha....hopeful that you have RM200 mil to push

@ Lim Tek Wai

Please push harder..haha

Not sure if KYY noticed that power plant biz not doing well.

Look at MALAKOFF (7 power plants)

Look at YTL POWER (3 power plants)

Both share trading at 52-week low.

@Goldchia MH

KYY is 85 year old this year.

I don' think he can wait another 3 years.

Tomaso Andreatta, vice chairman of the European Chamber of Commerce (EuroCham) in Vietnam, said at an international conference on clean energy in Asia last month that Vietnam should gradually stop the construction of new coal-fired power plants to avoid an increase in greenhouse gas emissions and environmental pollution levels, according to the Vietnam Investment Review newspaper.

“Many nations have stopped using coal for operating their power plants because of concerns over the environmental risks," the newspaper quoted Andreatta as saying. "Vietnam should follow suit.”

Investors from countries with strict pollution limits are designing, financing and/or constructing coal-fired power plants in Vietnam with technological specifications that are not acceptable in their home countries, said Koos Neefjes, former policy advisor of United Nations Development Program in Vietnam.

Air pollution from coal-fired power plants at a national scale is also rising significantly.

If all coal-fired power plants proposed under the government’s masterplan for power development were to be built by 2030, premature deaths caused by emissions from coal-fired power plants in Vietnam would raise from an estimated 4,263 in 2011 to 25,402 in 2030, according to the UNDP report.

Lol, now is only 1.47.

@wkl318

Too many variables to determine the future earnings.

Too many external factors that can derail the power plants earnings.
Eg: Currency, Vietnam's economy growth, PPA amendment, main contractors financial strength, etc

@wkl318

http://asiaresearch.daiwacm.com/eg/cgi-bin/files/20170104my_JaksResources.pdf

@wkl318

Normally mature business with strong cashflow companies are able to consistently provide long term dividend.

J@K$ is currently not there yet till probably after the completion of the 2 power plants and paring down some debts.

Though the company could still proposed a minimal dividend to appease shareholders.

My 2 cents

@Lee Richard

1.60??

Looks like it's going downtrend.

X

@qqq3

Anyway, this company tends to have many debts unpaid due to many reasons.

**Referring to the receivables from customer.

@qqq3

Anyway, this company tends to have many debts unpaid due to many reasons.

@qqq3

Unlikely the company is able to settle their debts completely as most of it are tied to the current inventory.
Eg: The 2 lift boats

Till construction are over and the company has received payment(likely after it secures a charter contract), only then able to payoff the debts tied to it.

@hpcp

Of course la, the company is having a huge debt of over RM1 bil
and is currently serving interest of RM32mil per annum.

And it's debt seems to be growing.

GE14 is just weeks away. Most court hearing will be postponed

Now US and China have intense trade war. Some projects or investment may be pulled back to protect the national interest.

It may be a DOUBLE WAMMY for J@K$ when the company lose the RM50 mil legal dispute with The STar and abandon project by CPECC.

I dare say KYY only gives out less than 1% of what he robbed from Day 1 till present.

KYY can refute this if I'm wrong

I thought Robin Hood robbed the rich and give to the poor.

KYY robbed the poor and keep most of it to himself.

Note:
1) I do not think there are any rich individual here.
Referring to USD30 mil and above
https://www.thestar.com.my/business/business-news/2017/04/13/number-of-ultra-high-net-worth-malaysians-growing/

2) I dare say KYY only gives out less than 1% of what he robbed from Day 1 till present.

KYY can refute this if I'm wrong

What talking you?

From KYY Blog:

From Bursa announcement, you can see the table and the price chart below that on 28 April 2017, I have already accumulated 45,949,300 shares when the price was 65 sen. I must have started buying a few months before that when the price was below 60 sen. On 17 May 2017, I reported that I have bought another 7 million shares totalling 52.7 million shares when it was trading between 60-90 sen. As I am not good in calculation, you can work out what is my average cost.


>>> I must have started buying a few months before that when the price was below 60 sen ???????

@hng33

Thumbs up!

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.

#Stay tune for tomorrow's verdict whether J@k$ will be paying up RM50mil to The Star.

KYY wrote so many articles this week.
Wonder who are the idiots he mentioned?

Send@i looking for RM0.82 soon.

China busy fighting trade war.
Some investments may be pulled out investment from neighbouring country.
CPECC which is developing the power plant may be affected.

@PotentialGhost

Maybe KYY will be one of them

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.

XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX


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).