I just want u to check your workings again.........also, u can forget about the 40% option ...........its not finalised and will be based on re-negotiated price if it happens....
Jaks is close to the previous President who has passed away.........Jaks has no more leverage, and u can say the plant is totally under Chinese control..............Jaks is best described as a passive investor now.........
If the auditors decide Jaks has no influence and can only adopt dividend accounting and not associated company accounting............then its another ball game........
Jaks will own at least 30% of JV, more than the 20% threshold for equity accounting of JV or associate companies. How can auditors so decide?? qqq3, what is your intention here ??
at one time, the Chinese have to hide behind Jaks...........now, still need to hide behind Jaks meh? Now, the Vietnam officials are no longer afraid to deal directly with the Chinese.............
DK66 qqq3 I feel shameful answering you knowing that you purposely downgrading Jaks after you have sold. You used to be super optimistic about Jaks. 16/02/2020 1:37 PM DK66 Talking bad after disposal is not a respectable behaviour 16/02/2020 1:58 PM
~ Not only this one, another "sifu" also behaves similarly ... if they still hold, they will promote it like no tomorrow, if u ask something of doubtful, they will deviate from the real topic, and try to hitting u by talk3 talk4 ....the can deceive newbies or not observant type of readers, but for sharp mind readers, their selfish and hypocritical is actually easily exposed ....
DK66 bro...if those SIN KA LANs cum naysayers currently badmouthing Ms JAKS without FACTS N FIGURES to back up ...i hope u SIFUs consider them to be TIN KOSONG n no TIEW them...pardon my french !!! ...replying these shallow people only wasting your gas ...might as well save it to warm your tummy ...literally !
after having said this ...i sincerely hope that Ms JAKS will stand up able n capable ( n move up to my 1st TP of 2.50 in a few mths time) so that i can show my middle finger to those undesirable buggers ...and say NA !!
Dk66..thankyou for another outstanding write up. Although this is a compilation , it comes with a new insight on law of averages .This certainly boost our confidence level much more . Also , within two year 40% ownership and with that PE of 15 or more s realistic. Great job !
Based on 30% Ownership in JHDP. Value Per share are calculated based on 651m+102m(warrant)=753m shares and 15 times price earnings ratio (PE). For a more conservative computation. Just my 2 cents.
Fair enough. Do whatever adjustment to suit your comfort. Please note that 8m warrant has been converted into mother shares by Razali. Total warrants outstanding is 94m.
---------------- newbie8080 Based on 30% Ownership in JHDP. Value Per share are calculated based on 651m+102m(warrant)=753m shares and 15 times price earnings ratio (PE). For a more conservative computation. Just my 2 cents. 17/02/2020 12:14 PM
Are all the newly developed power plant in Vietnam between 2010-2019, running at maximum capacity? If the power plant do not run at max capacity, the tariff payment does not offset the balance of the plants unutilised capacity? Kindly elaborate as I couldn't recall if you had write of this items previously.
It is impossible to operate at 100% availability as you have to make time allowance for maintenance and downtime. The 12% IRR and 8 years payback period given by the management was based on 6500 annual utilization hours (74.2% availability). Vinh Tan 1 registered 7238 annual utilization hours in 2019.
The 2 tiered tariff payment is calculated on; 1. capacity payment - capacity made available regardless of utilization. 2. Energy payment - net output generated
Therefore, while capacity payment is pre-determined and paid with or without operation, energy payment is based on output. ie no output no payment.
Mong Duong II was not operating at optimal level since operation but have seen great improvement since 2018. However, Vinh Tan 1 which began full operation in Nov 2018 was running at very high availability (83%) since operation.
DK66, The amount of time spend writing and researching all the articles you have written is just unbelievable, you are such a generous and unselfish guy that share with everyone in I3 investor. I really appreciate what you have done. All I can say is a big Thank you
DK66 is the best FA sifu in Jaks forum. A very honest and knowledgeable gentleman who is so generous to share his knowledge here. I buy Jaks because of his write up. Thank you.
Trapper and OTB, Thank you for your kind words. Really appreciate it.
---------------- Trapper DK66, The amount of time spend writing and researching all the articles you have written is just unbelievable, you are such a generous and unselfish guy that share with everyone in I3 investor. I really appreciate what you have done. All I can say is a big Thank you 18/02/2020 8:11 PM
OTB DK66 is the best FA sifu in Jaks forum. A very honest and knowledgeable gentleman who is so generous to share his knowledge here. I buy Jaks because of his write up. Thank you. 18/02/2020 8:22 PM
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Posted by Taehyung > 2020-02-16 12:47 | Report Abuse
Simply can't believe ! haha