It is absurd for the MD and it's management team to receive on average RM10m & RM1m/person for the non performance. It is unhealthy practice & without skin in the game (the Group's financial performance is not in tandem with its high remunerations). Their remunerations are even higher than the top 10 listed companies in Malaysia. But JAKS is only a tiny RM400m Group

The grant of free shares need to be halted as the Group is not performing, with RM131m of impairment in receivables and legal tussles. And is share price is at all time low.

https://klse.i3investor.com/web/blog/detail/TimelessInvestment/2023-07-10-story-h-246424046-JAKS_Resources_Berhad

https://klse.i3investor.com/web/blog/detail/TimelessInvestment/2023-07-10-story-h-246424046-JAKS_Resources_Berhad

the first phase is not really much returns for the shareholders even though they already generated sales of RM15b but at least they already built their strong presence in the UK

I can say at least what they are doing is in the interest of the shareholders. No reason for keeping large warchest unless you can yield good returns. So playing safe & distribute the excess of at at least RM1b augurs well for the shareholders. The rest is how they are going to play on the 2nd phase of growth so that the IPO shareholders can recoup their investments

No point holding to cash unless they can seek get at least mid-teen return on its projects which is tough with escalating building materials costs

Regardless at this level, it is still a bargain. At least, they did right by distributing the profits back to the shareholders while being conservative on its plans. For the capital they raised, at least they already build a strong presence in the UK for both outright and BTR markets. Now is looking whether on the 2nd phase of growth to capitalise on its expertise, accolades and reputation to bring it into the next levels

But is what we are advocating for all these years, to recoup capital to repay the shareholders. Going forward, is not easy but if they can capitalise on their expertise, brand, reputation and partnerships to move into another phases of growth then perhaps we can see much more upside in this investment. Perhaps, one day we can finally recoup RM1.20 or more

No rights issue for the subscription of 10% interest in JHDPP. They are looking into other options

Many promoters here now already gone. This company is a big disappointment

The only way to get out of this is monetise their 5,300 towers

The ROE of OCK is 5.32% and with the debt loading of c. RM762 m the ROCE is merely 2.6%. It means that the Group has not achieved a reasonable return for both the shareholders and debt holders even after many years. No wonder, the share price is still at its depressing even after many years.

Moreover, with the high debt levels it places a constraint for the Group to grow its other business ventures and reward the shareholders with dividends.

This is the most profitable counter under this price range. Is not a fantastic company but many things need to be done. ROE and ROCE all mid single digit but at this price is a value buy

I have few counters like this. None failed. All the catalysts are coming for this

Don't worry about the naysayers. They are irrelevant to make you wealthy. The journey to wealth can be lonely, just need to adapt to it. I believe this can be a multibagger. It is just a matter of time. But it is not long

80 cents in the making

Start the engine tomorrow

Just need to stop raising funds from the market and start with payment of dividends

Flowing of 72 million of dividend is a good start. Kitchen sinking already complete

Accumulation in progress. Rental reversion, lower rebates and reopening of the economy. 80 cents in the making

Rebounding soon. Is a good buy now

Who is the real person behind Tass Technology? This is highly dubious

This is hard hit to its credentials, especially to bid new projects in the region. Hence, we need to seek the Board of Directors to seek an explanation on this. IRIS would not left unscathed with this negative development

Anyway, this development will have negative impact to Iris in the mid term, like it or not. First, on the reputation and its financial position as they have deployed many staff and capex on this. With RM70 million it is too little. Investigation by MACC on both parties is a must

The right way if is under investigation is to get it investigated and subsequently revoke its contract by immigration. Then to do a re-tender again to other providers

The stakeholders including shareholders and Bursa need to question on this dubious deal. Is Tass Tech sold to the related parties ?

NIISE is a game changer for IRIS and the company has been investing time and effort for this for many years to get this contract and now they are selling the stake of 80% for RM70 million? This is a dubious deal as it proposed to sell it for an insignificant amount. Bear in mind beside the cost of developing and implementing of the new immigration system, it has a component of maintenance which is highly lucrative and with recurring income

Market already lost trust on the management team and its corporate governance. Any good news also has no impact to its share price

Lousy management team with their actions that were detrimental to the interests of the shareholders. Countless of fund-raising activities, free shares scheme and litigation cases. The only way to go is to eliminate the fats from the Group

It only means that all the projects, including BTR are loss-making.

That's why RM900 m excess cash after 6 years of RM2.4 b investment is bad. If they are good, they already turn the RM2.4 b investment to RM3 or even RM4 b excess cash

But the dividend and the replacement of the management team are the silver linings

A good investment for investors that invested below 40 cents. Anything above is a bad investment

Nope, 2.4 b of issued shares. RM900 m of excess cash at later part of 2023 or 37.5 cents with all the projects completed. For IPO shareholders that invested RM2.4b in 2017 vs RM900m excess cash in 2023, that's negative return of their investments

There should be a change to its management in the UK's operations to improve its lackluster performance? There is no point of getting any awards and accreditations when the Group can't be profitable

And priority is to pay dividends to the shareholders. If they cannot expand the business, it's better to return back the capital to the shareholders

Seriously, they need to change the management for the betterment of the Group

You can see the bigger earnings coming for the future periods

Now is accumulation stage till 20 cents. Min TP is 30

Preparing for 20 cents level

Management changes are imminent to restore it's credibility

Better delist and repay the money back to the shareholders

1 day show. Useless

Only silver lining is the cash distribution. They can distribute up to 80 cents if they do not need to plough it back to their existing projects

Management is incompetent? That's is a fact. Management not able to earn profits from outright sales and BtR projects? Figures tell you everything. Management change is imminent? No choice but to change if they want to turnaround

Recent development, RM0.30 is a conservative scenario. Blue sky scenario can be like Penta

Congrats Chuah as the new MD. Penta 2.0 in the making. Previously they relied on Dyson during with as much as 70% contribution to sales. In 2021, only 42%. It means now they have broader base of customers. If they can continue to expand and get another major customer, then is gonna break new high

Is a good value at current price. But is a very depressive investment for IPO investors that pouring billions but getting negative returns. All end in vain due to inability of the management team to understand on its business model, core competencies and landscapes. More developed the country is, more regulations, compliance and cost of doing business. That's why EWINT is in distress mode

Somehow the UK and Australia markets no longer lucrative for the Group. The projects are nice but somehow they haven't learned to make profits from these projects and the issues spiralling down. Do less, be lean is the way to go till they have found the right business model to make money for its shareholders

No choice, if cannot expand the business than need to be prudence especially on the spending and staff costs. That's why they need to spend less, focused to repay borrowings and repay the shareholders. Is better for them to do less than more. You can see that RM2.4b invested now probably can get RM2b back. It is I'm negative returns more than 5 years since IPO