Based golden rules by kyy+Dr neoh increase growth+profit+dividend, this time I beg otherwise. Pls sailang gcb instead jaks. Eat chocolate, be happy and get rewarded. With dividend can buy more chocolate cake, positive cycle.
this forum, full of wallen bufalo students, self declared value investors...."buy when others fear".....not many dares to touch it with a long pole when the time comes.....
NTA $ 1.50.....net gearing .25X....they raise > $ 200 million from sales of properties and private placements this year.
no idea why their Vietnam quarterly revenue slashed down so drastically from $ 93 million to $ 60 million to $ 30 million....They have accounted for 30% of the work, in other sources Directors say 40% of the done has been done.
Since their partner is China's largest IPP player, I should believe they can deliver the project and on time.....They question then becomes can Jaks deliver its part?
Material Commitment Save as disclosed below, there are no material commitments incurred or known to be incurred by the Group that has not been provided for, which upon becoming enforceable, may have a material impact on the financial results/position of the Group:- There is capital contribution contracted but not provided for in respect of shares subscription in the joint venture, JAKS Pacific Power Limited, amounting to approximately USD110.14 million or RM456 million, using exchange rate of USD1 : RM4.1405 as at 28 September 2018.
Construction profit of power plant is only accounting profit. Not real profit. Quoted from MFCB director during interview with the Edge. Last sentence I added myself.
the whole world was selling and buying the other day...and volume remains high....I rather be on the side of the buyers than on the side of the sides of sellers at present prices.
If u look at trade debtors, for the 9 months, it jumped by $ 250 million.....this can only come from Vietnam and from the Suke project.
meaning, they have not off set the account into Investments in JV.....
according to latest account they still have $ 162 million in the bank, and that is after setting aside $ 50 million for the guarantee already.....with $ 900 million in debtor account....
....this company is definitely worth a bet at present prices
no idea why their Vietnam quarterly revenue slashed down so drastically from $ 93 million to $ 60 million to $ 30 million....They have accounted for 30% of the work, in other sources Directors say 40% of the done has been done.
did management manipulate the accounts? why? I leave it to your imagination.
normally people only manipulate up, where got people manipulation down? and at a time of doing a warrants placement.
I can understand they want the lowest possible warrant price......but now it has back fired and the warrants will fail......
Without selling 1 MW of power u say the power plant makes alot of monies ??? But it is left pocket....right pocket treatment loh....it is not real profit earn mah....!!
well...I wrote before having a huge fund is not always an asset....It can some times be a liability.....so difficult for KYY if and when he changes his mind. ...lost the flexibility that traders have.
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....
Alex™
12,594 posts
Posted by Alex™ > 2018-12-08 12:18 | Report Abuse
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