Posted by hng33 > 2023-05-30 16:29 | Report Abuse

Recent private placement should raise fund RM 22m, at least meet 2 quarter cash flow needed. Next month when 50MW reach COD, should give some positive cash flow to jaks. Within next 2 quarter, jaks should meet milestone to increase stake to 40% after put aside some reserve cash in JV.

Thereafter, jaks should start record positive cash flow onward through quarterly cash dividend declaration.

Posted by Sslee > 2023-05-30 16:33 | Report Abuse

SHAREHOLDERS’ QUESTIONS
EXTRAORDINARY GENERAL MEETING OF THE COMPANY
Date : 3 March 2023, Friday
Time : 3:00pm
Location : Tricor Leadership Room, Unit 32-01, Level 32, Tower A, Vertical Business Suite,
Avenue 3, Bangsar South, No. 8, Jalan Kerinchi, 59200 Kuala Lumpur, Malaysia
No. Queries Responses

1 Has JAKS received dividend from its’ joint venture entity, JAKS Hai Duong Power Co
Limited (“JHDP”)?
A total of RM70.12 million of dividend has been remitted to JAKS for year 2022.
Please refer to the cashflow statement in our quarterly result for 31 December 2022.

2 What is the status of the subscription of additional 10% stake in JHDP?
We are in the process of negotiating with financial institutions on the 10% option subscription JHDP. Any decisions made in regards to the exercise will take into account the interest rate climate and financing terms which are favourable to us. Any material updates on the matter will be announced.

Posted by hng33 > 2023-05-30 16:33 | Report Abuse

Hope for betterment forward as further downside is limited now

Posted by Sslee > 2023-05-30 16:35 | Report Abuse

http://www.insage.com.my/ir/cmn/trps03/Agm_Egm.aspx?Symbol=4723

Posted by ValueInvestor888 > 2023-05-30 16:38 | Report Abuse

How much 50MW solar profit per year for jaks? My estimate is only RM 12m-15m per year, the most. Given jaks poor mgt, it could be lesser

Posted by hng33 > 2023-05-30 16:38 | Report Abuse

Jaks still have about 6 to 9 month meet dateline to subscribe 10% additional stake. If JV need higher reserve cash as buffer in power plant, then, jaks cannot use all its retain profit in JV to use for subscription for 10% stake now.

However, any short fall of RM 200m is rather limited due to strong cash flow in JV every quarter. A fraction or even half of requirement fund to subcribe equity can easily source from short term banking bridge loan

Posted by hng33 > 2023-05-30 16:42 | Report Abuse

Local solar power plant profit margin is very thin, single digit only, but still far better than loss making mall.

Posted by hng33 > 2023-05-30 16:48 | Report Abuse

Noted, hope can secure more solar power plant in future, thin profit margin but steady income over 21 year concession.

Posted by soon9913 > 2023-05-30 17:14 | Report Abuse

value, i think it is about RM1.5mil to RM2mil profit per quarterly only.

Posted by soon9913 > 2023-05-30 17:15 | Report Abuse

but how can their local biz make so much loss one ? something not right with the management. can loss rm80mil per year due to mismanagement

Posted by soon9913 > 2023-05-30 17:15 | Report Abuse

hng33, the boss ady mentioned it is single digit profit ady.

Posted by soon9913 > 2023-05-30 17:17 | Report Abuse

my guess is the solar plant can max generate profit rm8m-rm10m per year

Posted by soon9913 > 2023-05-30 17:18 | Report Abuse

this boss know telling story only, delivery is bad one... talk talk let u happy only.

Posted by soon9913 > 2023-05-30 17:18 | Report Abuse

dont you see their cash is in negative ? im holding this counter long time ady.

Posted by soon9913 > 2023-05-30 17:18 | Report Abuse

their cash can tiba tiba hilang one

Posted by RISK8888 > 2023-05-30 17:19 | Report Abuse

Wa OTB pun keluar shouting. This round sure limit up!

Posted by soon9913 > 2023-05-30 21:08 | Report Abuse

using most if their cash to purchase equipment but never explain why

Posted by VincentTang > 2023-05-31 09:22 | Report Abuse

Top up Jaks at 0.19. The worst is over for Jaks.

Posted by m16454 > 2023-05-31 09:48 | Report Abuse

Believe me it will drop below 0.180

Posted by curiousq > 2023-05-31 10:09 | Report Abuse

one of the group members said, he will jump if margin call .... he all-in by using margin account, he said ALP disappointed him horribly

Posted by soon9913 > 2023-05-31 11:39 | Report Abuse

did you see how many free stock he got or not from company to leverage his margin?

Posted by soon9913 > 2023-05-31 11:40 | Report Abuse

dont think got margin call issue also unless drop below 0.15

Posted by RISK8888 > 2023-05-31 11:56 | Report Abuse

So serious!

Posted by soon9913 > 2023-05-31 14:02 | Report Abuse

risk, can topup at this price or not?

Posted by GoldenShares > 2023-05-31 14:24 | Report Abuse

no sign of trend reversal, don't catch falling knife !

Posted by RISK8888 > 2023-05-31 15:02 | Report Abuse

Tech chart tak boleh pakai for jaks.

Posted by RISK8888 > 2023-05-31 15:03 | Report Abuse

Buy slowly, keep for 2 years, sure win.

Posted by soon9913 > 2023-05-31 15:10 | Report Abuse

buy this counter have to pray very hard everyday .. hopefully they will use the JV fund to buy the additional 10% stake of the Vietnam power plant.. hopefully LSS4 deliver soon.... Hopefully Star would lose the court case.... hopefully their malls biz get more new tenants, hopefully their huge loss making construction company can close down and retrench all staff, then jaks can turnaround to be pure utility company ....and profitable

Posted by soon9913 > 2023-05-31 15:11 | Report Abuse

risk, anything to add on?

Posted by RISK8888 > 2023-05-31 15:48 | Report Abuse

Pray for good luck to all of us.

Posted by SinGor > 2023-05-31 16:18 | Report Abuse

soon9913
buy this counter have to pray very hard everyday .. hopefully they will use the JV fund to buy the additional 10%
_____________________________
Sunday Church is Not "long" enough for you---so many requests.
Usually i go to "Latok Gung" for advise ( throw a few stones backwards and hope to hit Good fortune )

Posted by soon9913 > 2023-05-31 16:22 | Report Abuse

come join the boat baru visit datukgong

Posted by ValueInvestor888 > 2023-05-31 18:59 | Report Abuse

It is better to forget adding jaks until more certainty even price at current historical low. It is not a good time to sell at current low price for those who already bought the shares.

Jaks fail to deliver good profit and cannot even make 1 sen EPS till now due to high number of shares issued. It needs to subscribe 10% Vietnam Power plant to cover RM 50m local operating expenditure per year, some of which is ALP and poor mgt team fat remuneration, interest, impairment etc

Posted by curiousq > 2023-06-01 09:04 | Report Abuse

OMG!! how people could think the group member is ALP?

Posted by VincentTang > 2023-06-01 09:53 | Report Abuse

Top up Jaks at 0.185

Posted by GoldenShares > 2023-06-01 10:37 | Report Abuse

don't catch falling knife, : )

Posted by soon9913 > 2023-06-01 11:02 | Report Abuse

no eye see. anyone attending the AGM?

Posted by m16454 > 2023-06-01 12:46 | Report Abuse

told you all that it keeps dropping. those who wanna top up is really funny or too rich like ALP no place to spend money lol

Posted by RISK8888 > 2023-06-01 13:38 | Report Abuse

Why not we guess how low can it go? 0.18, 0.17, 0.16 or 0.10?

Posted by Striker90 > 2023-06-01 13:54 | Report Abuse

I Love KYY

Posted by ValueInvestor888 > 2023-06-01 15:14 | Report Abuse

Those friendly parties to ALP who bought pp at 18.5 sen will be felt cheated if price lower than 18.5sen. How many times they can do PP, i wander...

Posted by ValueInvestor888 > 2023-06-01 15:21 | Report Abuse

Jaks will need to show they can delivery good profit and EPS, otherwise they cannot lure investors to invest. Investors looking at ALP new projects or ventures will be scared to death. LSS4 project secured at noncompetitive rate will be a failed project in view of so many times of PP if they can deliver less than RM 10m profit per year as it cannot even cover jaks operating expenses 1 quarter...

Posted by soon9913 > 2023-06-01 17:22 | Report Abuse

Please let the price drop below 0.1 .. let the margin call chase the boss who is not doing good job

Posted by m16454 > 2023-06-01 18:11 | Report Abuse

actually the PP is was subscribed by ALP himself but under different account. He can sell higher price and get cheaper tickets always...

Posted by TCH1186 > 2023-06-01 21:19 | Report Abuse

last time got statement like this: my friend say... my granpa say.. my auntie say... and all start to buy at.21... ggwp

Posted by Mikecyc > 2023-06-01 21:27 |

Post removed.Why?

Posted by soon9913 > 2023-06-01 22:21 | Report Abuse

lets group together boycott this stock..

Posted by soon9913 > 2023-06-01 22:21 | Report Abuse

lets sell all our stake tmr to push down the price..... ensure he get margin callll

Posted by i3lurker > 2023-06-01 23:53 | Report Abuse

good joke
:)

Posted by Sslee > 2023-06-02 07:47 | Report Abuse

What margin call? He can just issue LTIP free grant Jaks share to himself.