Star court case...jaks is going to lose loh....!! The injunction to prevent the call on the guarantee is just to bite time...it is matter of time....the court will allow the call on guarantee bcos....if star is wrong...he still can get relieve when the court decide on the merits of jaks defence.
The Vietnam project...is internal profit recognition...no profit or value is really earn on this project as far now loh...!! The logic is this loh...if u had a ipp project....that can construct at rm 4.0 billion and u mark it up to rm 5 billion.
U go to the bank to borrow rm 5 billion....does that mean u make rm 1 billion ?? The answer is no loh...!! It is just a shiok sendiri...u make from yourself rm 1 billion....that is the logic mah...!! U only make when ipp start generating power loh...!! Just look at ipp Ytl power, malakoff and mudajaya are there doing really well ??
Thats the reason why jaks need rights issue...bcos the bank is not willing to finance so much loh...!!
So just becareful...bcos kyy is raising monies to finance the rights issue on the pretext of bank force selling. Main reason...he is worried...and unwilling to commit so much loh...!!
Apart from Star lawsuit and KYY is throwing, do not forget there are on-going right issue and its loss making property division issues. All these issues come together to pull down Jak's stock price...
Be a contrarian and catch falling knife is what preached by value investors. I do agree with this principle and have been practising that in past months. But, take one important note that attaches with the above principle, it is "u better be right". So if one insists to be a contrarian, and wrongly catch a falling knife, he will still hurt himself.
When one company proposed right issue, and when the corporate exercise is on-going, it is like hanging a weight on a person's neck. The person cannot run upward fast, the most he can do is stay at around that level (if not being weighted down). The on-going right issues in Jaks would keep pulling its stock price.
Star court case...jaks is going to lose loh....!! The injunction to prevent the call on the guarantee is just to bite time...it is matter of time....the court will allow the call on guarantee bcos....if star is wrong...he still can get relieve when the court decide on the merits of jaks defence.
The Vietnam project...is internal profit recognition...no profit or value is really earn on this project as far now loh...!! The logic is this loh...if u had a ipp project....that can construct at rm 4.0 billion and u mark it up to rm 5 billion.
U go to the bank to borrow rm 5 billion....does that mean u make rm 1 billion ?? The answer is no loh...!! It is just a shiok sendiri...u make from yourself rm 1 billion....that is the logic mah...!! U only make when ipp start generating power loh...!! Just look at ipp Ytl power, malakoff and mudajaya are there doing really well ??
Thats the reason why jaks need rights issue...bcos the bank is not willing to finance so much loh...!!
So just becareful...bcos kyy is raising monies to finance the rights issue on the pretext of bank force selling. Main reason...he is worried...and unwilling to commit so much loh...!!
Icon, I admire your balls. I love bottom fishing, but JAKS has crossed my risk threshold with all the margin calls. The price can swing hugely either way in the next few days. I'll stay in the sidelines for now.
Icon, you're contradicting yourself. Didn't you once mention not to pick stocks with a long gestation period? I've not scrutinised the Vietnam project. But A LOT of things can go wrong in 18 months
Translation, because price is so low, risk is so high! Only when price is high that risk is low!
I am seriously considering Jaks, but i did not think it was worth the money at 0.9 or even 1.8. But hmmmm.
=================================================================================== PiddleMinger Icon, I admire your balls. I love bottom fishing, but JAKS has crossed my risk threshold with all the margin calls. The price can swing hugely either way in the next few days. I'll stay in the sidelines for now. 27/07/2018 14:02
RM18 mil is not piece of cake when your entire net worth tied up in stocks, and you have margin summore.
=================================================================================== Icon8888 again, don't be stupid. think first before you open your mouth
150 mil shares
1 for 2 shares rights issue of warrants
meaning he needs to subscribe for 75 mil Warrants at 25 sen
that is RM18 mil
not a small amount for you and me, but piece of cake for KYY
if necessary, he can even renounce in open market 27/07/2018 10:55
In the first place, I don't believe in the forced selling story. If the bankers really wants to deleverage KYY, they can PLACE OUT JAKS SHARES TO INSTITUTIONAL OR HIGH NET WORTH INVESTORS THROUGH DIRECT BUSINESS TRANSACTIONS.
ME: HeHe ! Good observation & Nice sharing icon8888 bro :) Ignore that Tom potatoes ... he is just an Attention Seeker .
If you want to win big, this is the time to buy in when everybody is selling. I have some regret letting go of my shares which I bought yesterday. Will use the weekend to study JAKS properly.
It's the opportunity cost which counts more...besides paying the margin interest everyday
Better make use of the fund to start a new Koon Bee target...the last Koon Bee play was Hengyuan many month ago which saw price soared up 200%-300% within few months time
local traders cannot afford to stuck for too long period. unless you are highly cash rich. 3 years from now is really not my cup of tea. 3 -6 months Yes ( just my personal view )
Uncle old already so he doesn’t need so much money to buy food maintaining his body. Ego is much crucial to keep his happiness at his age.... some more, he can simply fine tune his mind and turning into positive note if the stock heading opposite direction against him. XingQuan is a good example.
KYY and wife now own 31.745% of Jaks. At most he can buy only 1.255% more. If he stop buying, only logical that he will sell, sooner or later unless he is going for GO -- highly not probable.
So better sell now before he unload it............
Buying Jaks is easy. Just keep on buying till 160m and you will jack up the price.
With average volume 3-4 million a day, you will need to be net seller for 40 market days at 4m each day. Can you do it without depress its share price?
If you cannot run with F1 speed, can you beat Donald Duck tsunami 2018? OPM really kill. It kills all those greedy and daredevil, regardless you are big shark or small shrimp............
Uncle got plenty of money but no where to spend. KoonBee System worked so well in the past few years and helping him making a good fortune. But he has given up Bee for the sake of applying his new invented bombastic Business Sense concept. What a joke .....
I remember last week one of my friend who is well verse in technical chart told me bottom fishing jaks at 1.15, really the next day it shot up to 1.22. Today another round of selling wow 13 millions as low as 1.04
When is the bottom ?
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
shortinvestor77
5,487 posts
Posted by shortinvestor77 > 2018-07-27 10:03 | Report Abuse
No dividend stock.