Posted by Johnchew5 > 2023-08-04 00:08 |

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Posted by Johnchew5 > 2023-08-04 00:11 |

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Posted by Johnchew5 > 2023-08-04 00:12 |

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Posted by joyvest > 2023-08-04 00:13 | Report Abuse

Given with all the facts mentioned above the current MV of 0.18 if not lower is validly reflected.

The question of under valuation as believed by many does not exist.

Posted by Johnchew5 > 2023-08-04 00:15 |

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Posted by joyvest > 2023-08-04 00:16 | Report Abuse

No matter what you do or say here, the truth is nothing but the truth, the facts are facts, it does not change for the better if not worse....

Posted by Johnchew5 > 2023-08-04 00:17 |

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Posted by joyvest > 2023-08-04 00:18 | Report Abuse

The readers are discerning enough to figure out the truth and lies. So don't waste your time to distort the truth and facts like your friend in disgust

Posted by joyvest > 2023-08-04 00:19 | Report Abuse

Judging from the current circumstances, Jaks is now seriously faced with difficulties to raise funds as working capitals to fund their projects be it local or oversea is alarming which is a harbinger of collapse to come....

Posted by joyvest > 2023-08-04 00:22 | Report Abuse

You cross your figure that they don't lose the legal case in the Federal court.if they do,you can kiss your axs and say goodbye to them.

Posted by i3lurker > 2023-08-04 00:24 |

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Posted by joyvest > 2023-08-04 00:25 | Report Abuse

Basically,their intrinsic value is less than 0.18 as said by someone here ,as worse as SD

Posted by Johnchew5 > 2023-08-04 05:15 | Report Abuse

The Proposed DRP will be tabled as a special business at the 21st Annual General Meeting (“AGM”) of JAKS, which will be held on a fully virtual basis at the broadcast venue at Manuka 2&3, Unit 29-01, Level 29, Tower A, Vertical Business Suite, Avenue 3, Bangsar South, No. 8, Jalan Kerinchi, 59200 Kuala Lumpur, Malaysia on Tuesday, 27 June 2023 at 10.30 a.m.. The notice of the 21st AGM of the Company together with the Form of Proxy, Administrative Guide and this Circular are available online at the Company’s website at http 



>> illustration: Focus on Maximum Scenario : 



91,944,315 New Share on DRP on Assumptions: 



1.) All the 171,488,288 outstanding Warrants B are EX . 


2.) All the 525,564,900 outstanding Warrants C are EX .


Maturity 2025-11-18



3.) All the 141,474,619 outstanding LTIP Options are EX . 



4.) All the 292,884,436 Private Placement are issued Prior to the implementation of the Proposed DRP . 




This Circular is dated 28 April 2023 

—- 




On behalf of the Board, UOBKH wishes to announce that the Board has resolved to fix the issue price for the Private Placement at RM0.1850 per Placement Share. 
  



The issue price of RM0.1850 represents a discount of RM0.0175 or approximately 8.64% to the 5-day VWAP of JAKS Shares up to and including 17 May 2023, being the market day immediately preceding the price-fixing date of RM0.2025 per JAKS Share. 
 



This announcement is dated 18 May 2023. 




— 





On behalf of the Board, UOBKH wishes to announce that an application has been submitted to Bursa Securities on 3 July 2023 to seek for its approval for an extension of time of up to 29 January 2024 for the Company to complete the implementation of the Private Placement (“Extension of Time Application”). The Extension of Time Application is sought pursuant to Paragraph 6.63 of the Listing Requirements. 

 


This announcement is dated 3 July 2023.

Posted by Johnchew5 > 2023-08-04 05:19 |

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Posted by Johnchew5 > 2023-08-04 05:23 |

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Posted by Johnchew5 > 2023-08-04 05:26 | Report Abuse

4.) All the 292,884,436 Private Placement are issued Prior to the implementation of the Proposed DRP . 




This Circular is dated 28 April 2023 

—- 


Posted by Johnchew5 > 2023-08-04 05:31 |

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Posted by Johnchew5 > 2023-08-04 05:33 | Report Abuse

Jaks RI and Warrants


WB : Maturity 13/12/2023. RI at 0.25


Ex price 0.34


52w 0.010 - 0.10




WC : Maturity : 18/11/2025. RI at 0.22


Ex price : 0.49


52w 0.045 - 0.12

Posted by Johnchew5 > 2023-08-04 05:50 |

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Posted by Johnchew5 > 2023-08-04 05:53 |

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Posted by Johnchew5 > 2023-08-04 06:09 |

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Posted by Johnchew5 > 2023-08-04 06:12 |

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Posted by Johnchew5 > 2023-08-04 06:21 |

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Posted by Johnchew5 > 2023-08-04 06:23 |

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Posted by joyvest > 2023-08-04 06:36 | Report Abuse

Judging from the current circumstances, Jaks is now seriously faced with difficulties to raise funds as working capitals to fund their projects be it local or oversea is alarming which is a harbinger of collapse to come....

Posted by joyvest > 2023-08-04 06:37 | Report Abuse

Jaks is seriously cash stricken. External borrowing is out of the question given the current pathetic financial performance.

Their only options now are either PP or RI. For sure,RI is backfired and unworkable given the pathetic MV. PP is believed to be the only option now. However PP is believed to be doomed soon following their recent application for desperate time extension to complete the PP for failure to raise the PP. All these are the harbingers of the collapse to materlise.....

Posted by joyvest > 2023-08-04 07:17 | Report Abuse

The PP price was set after discount of 8.64% from the pre fixing price of 0.2025

The currenet MV of 0.180 is even below the pre fixing price ...so pathetic


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The issue price of RM0.1850 represents a discount of RM0.0175 or approximately 8.64% to the 5-day VWAP of JAKS Shares up to and including 17 May 2023, being the market day immediately preceding the price-fixing date of RM0.2025 per JAKS Share.

Posted by Johnchew5 > 2023-08-04 08:01 |

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Posted by Johnchew5 > 2023-08-04 08:04 |

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Posted by Johnchew5 > 2023-08-04 08:19 |

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Posted by joyvest > 2023-08-04 08:23 | Report Abuse

The proposed DRP is another harbinger of collapse which will be dealt with.Stay tune

Posted by Sslee > 2023-08-04 08:30 | Report Abuse

Referred to FY23 , 1 QR ended March 2023 :
a) Financial assets
Trade and other receivables 337,839,000

Revenue:
FY22: RM 89,794,000
FY21: RM 109,661,000
FY20: RM 259,378,000

Trade and other receivables is greater then sum of FY21 and F22 revenue.
Just waiting for external auditor to provide for impairment of Trade and other receivables FY2023.

Posted by Sslee > 2023-08-04 08:35 | Report Abuse

Case 4: Questionable financial/information disclosure on disposal of JSB 51% equity to ICD for consideration of RM1.00
Bursa Ref:
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 UlarSawa > 2023-08-04 08:44 |

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Posted by UlarSawa > 2023-08-04 08:47 |

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Posted by UlarSawa > 2023-08-04 08:51 |

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Posted by Johnchew5 > 2023-08-04 08:52 | Report Abuse

s the Company facing issues on collections given the high receivables recorded on the Company’s balance sheet? What are the mitigating actions in place to tackle this issue?


The receivables consist of contract and retention sums for construction projects, including the USD454m Engineering, Procurement and Construction (“EPC”) 2 Vietnam Contract. We do not foresee any problems with the collection when it is fully completed.

Posted by Johnchew5 > 2023-08-04 08:57 |

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Posted by xskyriver > 2023-08-04 08:58 | Report Abuse

wah, tak sangka johnchew also got this day, defend a stock gao gao ar...
I thougt johnchew is just a joker, always dig people history, copy and paste, copy and paste, go critics people everywhere...

Posted by Johnchew5 > 2023-08-04 09:03 |

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Posted by joyvest > 2023-08-04 09:15 | Report Abuse

The proposed DRP is another harbinger of collapse to come. why?

Referring to the proposed DRP , basically, the company is telling the whole world that they would declare " Dividend" but they are unable to pay . They are insinuating that they are cash stricken . They dont have " hard cash" to pay ie no physical payment of Dividend but merely for accounting purposes. Their reason given to you is that the company is in need of fund as working capital to fund the oversea projects.

To put it another way, the company is severely faced with difficulties to raise funding be it external funding ( the external borrowing to date stands at RM 600m and needless to mention PP and RI . RI is out of the question given the bad shape of the company. The only option left is PP. Even For the recent PP, despite it is not sizable , the company still finds it difficult to raise as a result of which desperate time extension is sought to complete the PP. so pathetic. More to reveal.

Posted by Johnchew5 > 2023-08-04 09:18 |

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Posted by Johnchew5 > 2023-08-04 09:20 |

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Posted by joyvest > 2023-08-04 09:24 | Report Abuse

From your posting, the share of JV profits is shown to be reducing in the interim which signifies that the projects are near completion if not completed. For this reason, the cash inflows should have been improved with the collection and return of retention .Why is the cashflows still depleting fast and furious? The proposed DRP and time extension of PP tell it whole.
.....................................................................................................
The receivables consist of contract and retention sums for construction projects, including the USD454m Engineering, Procurement and Construction (“EPC”) 2 Vietnam Contract. We do not foresee any problems with the collection when it is fully completed.

Posted by UlarSawa > 2023-08-04 09:27 |

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Posted by joyvest > 2023-08-04 09:28 | Report Abuse

You may recall that Jaks has been sued by Star for failure to deliver for a hefty claim of RM 200 m. This is the local project and yet the company can not deliver. The legal case is still ongoing. Jaks is expected to lose and required pay for the said sum ,which would be the final nail to the coffin

Posted by UlarSawa > 2023-08-04 09:30 |

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Posted by Johnchew5 > 2023-08-04 09:30 |

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Posted by joyvest > 2023-08-04 09:34 | Report Abuse

The Market is not Stxpid. They are discerning and capable to judge .They dont react only after the sky has fallen unlike you. The harbingers and truth are out there, they can see them clearly but you you just look and not see ... thats your problems,isnt it ?

Posted by UlarSawa > 2023-08-04 09:37 |

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