Posted by SarifahSelinder > 2023-06-25 08:06 | Report Abuse

Private group DK JAKS heavy losers unanimous support group tu?

Left

Cannot wait to leave

Posted by Just88 > 2023-06-25 10:10 | Report Abuse

SarifahSelinder, as you only just left the group, what do you think of DK's own writeup on Jaks' potential liquidity issues which was recently shared to his private group exclusively? Also irresponsible?

Posted by mickey77 > 2023-06-25 15:27 | Report Abuse

Sslee why post here non jaks stuff?

Posted by soon9913 > 2023-06-25 23:23 | Report Abuse

Just 88, share the report here read read for us to comment

Posted by Just88 > 2023-06-26 00:28 | Report Abuse

I can't do that without DK's permission

Posted by Sslee > 2023-06-26 07:26 | Report Abuse

Posted by mickey77 > Jun 25, 2023 3:27 PM | Report Abuse

Sslee why post here non jaks stuff?

For your attrntion:

Case 4: Questionable financial/information disclosure on disposal of JSB 51% equity to ICD for consideration of RM1.00
Bursa Ref: CB/155/21
https://klse1.i3investor.com/blogs/Sslee_blog/2021-05-07-story-h1564320380-JAKS_What_should_I_response_Any_advice.jsp

JAKS Financial ended: 2022: 2021: 2020: 2019
Impairment loss on:
Trade receivables RM: 5,099,410: 9,848,415: 25,862,099: 5,318,354
Other receivables RM: 18,737,258: 13,461,525: 45,331,965: 7,188,995

SERBA DINAMIK HOLDINGS BERHAD
Financial: 9 months ended 31/3/2023: Year ended 30/6/2022: 30/6/21
Impairment of trade and other receivables RM: 865,009,000: 393,205,000: 394,998,000

I cannot believe that Bursa reply to me on impairment of receivable: Please also note that it is the prerogative of the Board of Directors of the listed issuer whether to take legal action with regard to recovery of the receivables.
So impairment of receivables did complied with approved accounting standards and can be used as a legal way to whitewash accounting fraud or siphoning listed company money to relate party, friendly party or to own private company?

Here we are talking about making Bursa an efficient, vibrant, fair and orderly market. But I can’t agree more on the feeling and frustration expressed by i3investor commentator:
hulwan These kinds of shenanigans, and then they wonder why our Bursa is in the doldrums

Posted by mickey77 > 2023-06-26 07:37 | Report Abuse

ok Sslee

Posted by mickey77 > 2023-06-26 07:38 | Report Abuse

what?
GOTCHA = DK [sarifah selinder]

Posted by SarifahSelinder > 2023-06-26 07:55 | Report Abuse

EVN kelihatan hutang macam sampai 4 bulan slow slow slow

Those kan attend AGM nanti tanya la kat Andy what is payment term to EVN?

1 bulan? 2 bulan? 3 bulan? 4 bulan?

How fast EVN is paying up? Promptly?

Important to know the inflow in the cashflow

Remember to ask

Posted by SarifahSelinder > 2023-06-26 08:06 | Report Abuse

Remember to ask

Jangan irresponsibly simply speculate

Posted by curiousq > 2023-06-26 08:53 | Report Abuse

Everybody, pls dun get angry ..... grand sifu doesn't cheat us, bcos i heard he himself also losing a lot of mony 😽

Posted by ValueInvestor888 > 2023-06-26 10:12 | Report Abuse

JAKS Financial ended: 2022: 2021: 2020: 2019
Impairment loss on:
Trade receivables RM: 5,099,410: 9,848,415: 25,862,099: 5,318,354
Other receivables RM: 18,737,258: 13,461,525: 45,331,965: 7,188,995

Wow, Jaks total impairments from 2019-2022 were RM 128 million per Sslee letter above

Posted by SomaCruz89 > 2023-06-26 11:12 | Report Abuse

Those hiding in private group are sore losers. Cry mother cry father and whining like babies

Posted by ValueInvestor888 > 2023-06-26 14:14 | Report Abuse

all monies gone with total impairments of RM 128m over the past 4 years. No wander every year needs PP or RI and still no monies to buy additional 10% power plant. Investors should query ALP in AGM...

Posted by GoldenShares > 2023-06-27 09:31 | Report Abuse

wow 0.17, new low !

Posted by soon9913 > 2023-06-27 11:53 | Report Abuse

any update from the AGM?

Posted by VincentTang > 2023-06-27 12:09 | Report Abuse

Took all profit Jaks at 0.19

Posted by mickey77 > 2023-06-27 12:34 | Report Abuse

No RI.

Posted by mickey77 > 2023-06-27 12:35 | Report Abuse

for the 10% JPP

Posted by soon9913 > 2023-06-27 13:04 | Report Abuse

where do they get the money to buy JPP10%

Posted by mickey77 > 2023-06-27 13:21 | Report Abuse

boss said looking at bonds, suk and in neg with Sing lenders. This morning at AGM.

Posted by VincentTang > 2023-06-27 15:19 | Report Abuse

cannot trust lah

Posted by mickey77 > 2023-06-27 15:57 | Report Abuse

then dont trust simple as that

Posted by SomaCruz89 > 2023-06-27 16:52 | Report Abuse

so tomorrow limit up?

Posted by soon9913 > 2023-06-27 18:15 | Report Abuse

when is the due date to exercise the JPP10%? cannot they use the JV profit to exercise the JPP10%?

Posted by Sslee > 2023-06-27 18:22 | Report Abuse

Good question.
Did anyone ask ALP this question at AGM?

Posted by warchest > 2023-06-27 18:31 | Report Abuse

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

Posted by SarifahSelinder > 2023-06-27 19:30 | Report Abuse

Anyone asked this?


SarifahSelinder

EVN kelihatan hutang macam sampai 4 bulan slow slow slow

Those kan attend AGM nanti tanya la kat Andy what is payment term to EVN?

1 bulan? 2 bulan? 3 bulan? 4 bulan?

How fast EVN is paying up? Promptly?

Important to know the inflow in the cashflow

Remember to ask

Posted by SarifahSelinder > 2023-06-27 19:31 | Report Abuse

EVN mcm not paying on time...

Posted by mickey77 > 2023-06-28 07:33 | Report Abuse

Sslee,No RI could mean the 10% could be taken with a combination of suk, Sing lenders and high receivables like viet construction balances/final payment.Also JHDP dividends.
Kiasu lenders neg with collateral like the constr.balances or maybe APL pants?

Posted by curiousq > 2023-06-28 09:19 | Report Abuse

OMG!! still cannot 😼

Posted by soon9913 > 2023-06-28 10:09 | Report Abuse

is lss4 completed ady?

Posted by mickey77 > 2023-06-28 10:37 | Report Abuse

TNB doing testing now. COD likely mid July.

Posted by soon9913 > 2023-06-28 10:57 | Report Abuse

didint shareholders ask them to sell the loss making biz i.e. mall and construction biz?

Posted by valueinvestor33 > 2023-06-28 17:20 | Report Abuse

Pity for a group of innocent investors who were lured joining a private chat group. A person created a group, started to promote by giving a high valuation, subsequently left the group by saying something unfavourable on the stock and left the group eventually. After disappearing for some time and came back to i3 and started to discourage investors from buying the stock, leaving their followers with fear and anxiety. What a great joke in our public investment forum.

Posted by valueinvestor33 > 2023-06-28 17:33 | Report Abuse

Would rather he remains silent and disappear in i3. Intention is seriously in doubt with big question mark, stop doing anymore harm to the group which he created and to the stock which he highly recommended. Just let it be it since the day you left. Peace of mind for all.😑

Posted by Just88 > 2023-06-28 17:54 | Report Abuse

valueinvestor33, not everyone is so irresponsible like you.

Posted by Just88 > 2023-06-28 18:21 | Report Abuse

if you're a group member, I suggest you leave the group then you will have peace of mind.

Posted by valueinvestor33 > 2023-06-28 19:20 | Report Abuse

Leave us all alone with some space and oxygen to live on. Figures with fantastic calculation, FA and TA do not work at all. Just follow Ah Seng Taikor, do nothing as damages are done.

Posted by soon9913 > 2023-06-28 21:45 | Report Abuse

dont name yourself as value investor if you have no idea about it

Posted by valueinvestor33 > 2023-06-29 00:44 | Report Abuse

Reality is cruel. I speak for most of the members who had been left abandoned on the boat but I have chosen to move on without looking at FA and TA anymore. Don’t bother us anymore as it is too late for us to react now…

Posted by valueinvestor33 > 2023-06-29 00:54 | Report Abuse

Remain silent could have still earned some respect from most of us here in the group. Please do nothing liked what we are doing in the group.

Posted by Just88 > 2023-06-29 01:06 | Report Abuse

Speak for yourself. You don't represent the majority of the members. DK is still well respected. Most, if not all, members still welcome DK's writeup whether positive or not. If you don't want to hear from DK, why don't you leave like Sarifah?

Posted by valueinvestor33 > 2023-06-29 01:07 | Report Abuse

Retired means retired.😑

Posted by valueinvestor33 > 2023-06-29 01:34 | Report Abuse

Proving your findings accurate or not is no longer relevant anymore for a stock which has plummeted almost 75%…or even higher.🙄

Posted by mickey77 > 2023-06-29 05:25 | Report Abuse

Leaving balls carriers and all, moving on, valueinvestor, do you see any value in Jaks?

Posted by Sslee > 2023-06-29 08:41 | Report Abuse

The only value in Jaks is the JHDP. But unfortunately the BOD/Management will milk JHDP for their own/relate/friendly party benefit only and minority shareholders would be left high and dry.

Posted by Just88 > 2023-06-29 09:59 | Report Abuse

Fact findings are important regardless of price level. DK discovered that the loan tenure for JHDP is 10 years instead of the maximum 18 years approved by the Vietnam government. Jaks management was pressed to clarify the tenure of jhdp loan during the AGM. DK's discovery allows more accurate prediction of jaks future cash flows by to the investors.

Posted by Sslee > 2023-06-29 10:53 | Report Abuse

Just need to work out the different 2022 and 2021 non current financial liabilities to know how much is the long term loan principal payment for the year.
So is the pricipal payment work out to be 10 years?

8. Investment in Joint Ventures (“JV”) (Cont’d)
Summarised financial information of the Group’s material joint venture i.e. JAKS Pacific Power Limited and
its subsidiary company (“JPP Group”) is set out below:
(a) Summarised adjusted statements of financial position
JPP Group
2022 2021
RM RM
Cash and cash equivalent 548,393,700 999,486,387
Other current assets 760,743,244 650,115,103
Non-current assets 7,281,260,678 7,479,624,542
Current financial liabilities (excluding trade and other payables
and provisions) (597,039,267) (608,182,196)
Other current liabilities (740,728,872) (1,380,386,041)
Non-current financial liabilities (excluding trade and other payables
and provisions) (4,401,923,432) (4,720,926,257)
Net assets 2,850,706,051 2,419,731,538

Interest in joint venture 30% 30%
Group’s share of net assets 855,211,815 725,919,462
Share of other net asset changes (58,259,244) (15,025,104)
Goodwill 3,826,062 3,826,062
Carrying value of Group’s interest in joint ventures 800,778,633 714,720,420

(b) Summarised adjusted statements of profit or loss and other comprehensive income
JPP Group
2022 2021
RM RM
Adjusted profit for the financial year, representing total comprehensive
income for the financial year 520,633,162 469,043,075

Included in total comprehensive income are:
Revenue 2,553,073,558 3,011,637,528
Amortisation/Depreciation (317,750,163) (296,585,635)
Interest income 3,493,288 1,736,511
Interest expense (265,209,747) (275,461,575)
Taxation (17,199) (1,530,307)

Posted by Johnchew5 > 2023-06-29 11:36 |

Post removed.Why?