Posted by UlarSawa > 2023-08-04 11:22 |

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Posted by joyvest > 2023-08-04 11:31 | Report Abuse

1)It is the fact that the PP is set at 0.185 vs the current MV of 0.190 as at this minute -No assumption is made
2)It is the fact that the PP is not fully subscribed for by investors -No assumption is made
3)It is the fact that extension has been applied to complete the PP by Jan 2024 due to point 2 above-No assumption is made
4) It is the fact that the share capital has ballooned to 2.9b share-No assumption is made
5) At the cheap price of 0.185 , more shares need to be issued diluting the shareholding of the existing shareholders. No assumption is made
6) It is the fact that the company being sued for RM200m- No assumption is made
7) It is the fact that the DPR is proposed due to lack of fund to payout-No assumption is made
8) It is the fact that the company is still trading at the MV of RM 0.190 as at 11.30am today-No assumption is made

Posted by Johnchew5 > 2023-08-04 11:32 |

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Posted by Johnchew5 > 2023-08-04 11:34 |

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Posted by Johnchew5 > 2023-08-04 11:40 |

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Posted by Johnchew5 > 2023-08-04 11:43 |

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Posted by UlarSawa > 2023-08-04 11:51 |

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Posted by UlarSawa > 2023-08-04 11:52 |

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Posted by Johnchew5 > 2023-08-04 11:56 |

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Posted by cicakman > 2023-08-04 12:02 | Report Abuse

Beware of scammer Joyvest the egg suvkers🤣
Kaki temberamg dan penipu,better believe .
You follow joy sure die kaw kaw.!

Posted by joyvest > 2023-08-04 13:23 | Report Abuse

The debt to equity ratio is " healthy " in disguise due to its massive share capital of 2.9 b . The massive share capital has basically been built up through issuance of warrants , PP and RI over the years with the agenda to keep the debt to equity ratio low as a means of window dressing.

However , it is believed that investor including the existing shareholders are no longer fooled to invest into the company through their further issuance of warrants , PP and RI and likewise the lenders are no longer keen to provide funding irrespective how " healthy " the Debt to Equity ratio shows. Thats why the company is faced with difficulties to raise fund be it internally or externally from now.
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Johnchew5

Hoho no worries, Jaks Gearing Ratio 0.375X is still healthy .

Posted by joyvest > 2023-08-04 13:24 | Report Abuse

More to reveal , stay tune

Posted by Johnchew5 > 2023-08-04 13:27 |

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Posted by i3lurker > 2023-08-04 13:49 | Report Abuse

Yeah
I dun believe in guilt by association
but somehow the ones standing at Jaks corner is Satanic Accuser Johnny and Nasty Uncle DiuNiaSeng with no morals.
Excellent bedfellows I am sure!
😜

Posted by Johnchew5 > 2023-08-04 14:05 |

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Posted by UlarSawa > 2023-08-04 14:11 |

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Posted by UlarSawa > 2023-08-04 14:12 |

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Posted by Johnchew5 > 2023-08-04 14:18 | Report Abuse

19.
The Group has RM102 m as at 31 March 2022, but it was raised through Private Placement and Rights Issue undertaken during FY21 and FY20 of RM129.5 m and RM254.3 m respectively. How can the Company states that its financial position remained healthy when it is not able to raise funding internally for its operations and expansion activities from its current businesses?

- The Power infrastructure and Utilities Projects undertaken by JAKS are generally capital- intensive in nature, such as the power plant in Vietnam which has started to contribute earnings.

- As such, all decisions in relation to the capital structure to fund our projects are evaluated extensively to ensure they are undertaken in the best interest of the company.

- We are of the view that the Group’s debt to equity ratio is considered low as compared to its peers.

- We look forward to shareholders continued support of the Group’s growth plans for more sustainable income.

Posted by UlarSawa > 2023-08-04 14:18 |

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Posted by Johnchew5 > 2023-08-04 14:20 |

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Posted by joyvest > 2023-08-04 14:25 | Report Abuse

8) It is the fact that the company is still trading at the MV of RM 0.190 as at 11.30am today-No assumption is made

Posted by Johnchew5 > 2023-08-04 14:25 |

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Posted by UlarSawa > 2023-08-04 14:28 |

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Posted by i3lurker > 2023-08-04 14:29 | Report Abuse

scam group members number 13,000
scam group even got its own sports complex, convenience store, laundry shop, restaurant and pubs, niteclubs etc

so scam member pm scam member thank you much appreciated can do 13,000 X 13,000 times, nothing shocking

=> I always tell sslee people deserve to be scammed. No pity for scam victims.

Posted by joyvest > 2023-08-04 14:29 | Report Abuse

It is the fact that no dividend payout as a reward to shareholders since inception despite of making profits.
It is the fact that excuses of no dividend payout including but not limited to earnings to be ploughed back to company for working capital and the proposed DRP.

Posted by UlarSawa > 2023-08-04 14:30 |

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Posted by joyvest > 2023-08-04 14:30 | Report Abuse

8) It is the fact that the company is still trading at the MV of RM 0.190 as at 12.30am today-No assumption is made

Posted by UlarSawa > 2023-08-04 14:31 |

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Posted by UlarSawa > 2023-08-04 14:31 |

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Posted by i3lurker > 2023-08-04 14:32 | Report Abuse

scam group city 13,000 members already reported by staronline with photos even
of course scam member like Snake claim staronline lies all the time

Posted by UlarSawa > 2023-08-04 14:35 |

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Posted by UlarSawa > 2023-08-04 14:36 |

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Posted by Johnchew5 > 2023-08-04 14:42 |

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Posted by Johnchew5 > 2023-08-04 14:43 | Report Abuse

RSI(14) Neutral 49.5
Stochastic(14) Neutral 42.9
Average Volume (3M) 10,793,900
Relative Volume 0.6

Posted by joyvest > 2023-08-04 14:45 | Report Abuse

It is the fact that the collection problems has been deteriorating from one year to another.

This can be evident from the audited reports where the impairment for trade receivable has been increased to 17.5% representing RM 48m+++ in 2021 from 14% representing RM 41m++ in 2020

whereas non-trade receivables, it can be evident from the audited report where the impairment for non- trade receivable has been increased to 35 % representing RM 66m++ in 2021 from 28 % representing RM 41m++ in 2020.

It is expected the impairment will be even higher in 2022 and 2023
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Johnchew5

Hoho anyone know the retention sum is 5 % or 10 % ??

Is 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 joyvest > 2023-08-04 14:48 | Report Abuse

1)It is the fact that the PP is set at 0.185 vs the current MV of 0.190 as at this minute -No assumption is made
2)It is the fact that the PP is not fully subscribed for by investors -No assumption is made
3)It is the fact that extension has been applied to complete the PP by Jan 2024 due to point 2 above-No assumption is made
4) It is the fact that the share capital has ballooned to 2.9b share-No assumption is made
5) At the cheap price of 0.185 , more shares need to be issued diluting the shareholding of the existing shareholders. No assumption is made
6) It is the fact that the company being sued for RM200m- No assumption is made
7) It is the fact that the DPR is proposed due to lack of fund to payout-No assumption is made
8) It is the fact that the company is still trading at the MV of RM 0.190 as at 11.30am today-No assumption is made
9) it is the fact that the collection problems have been deteriorating from one year to another. These can be evident in the audit reports - No assumption is made

Posted by UlarSawa > 2023-08-04 14:48 |

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Posted by Johnchew5 > 2023-08-04 14:49 | Report Abuse

17.
As disclosed in the Q4’s quarterly results on 24 February 22, there were RM22 m and RM23 m provided for impairments of goodwill and trade receivables respectively. Kindly clarify on this and whether these impairments were related to interested persons of the Company. From which segment (property or construction) the impairment on receivable is allotted from?


- Impairments are made in accordance with the relevant accounting standards.
- The receivables impairment are mainly in respect of the property and construction segment. As last 2 years was challenging where everyone was faced with the Covid-19 pandemic, it is prudent to expect impairments.
- Please refer to Note 13 for further disclosures on receivables and relationship to major shareholders/directors if any.

Posted by UlarSawa > 2023-08-04 14:50 |

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Posted by UlarSawa > 2023-08-04 14:51 |

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Posted by UlarSawa > 2023-08-04 14:52 |

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Posted by joyvest > 2023-08-04 14:53 | Report Abuse

It is the fact that impairment is another term for provision for bad and doubtful debts when the debts are unlikely to be collected/recovered.
It is the fact that the balance sheet value can not be over valued and it must be presented at a fair value. Hence impairment must be done.

Posted by joyvest > 2023-08-04 14:58 | Report Abuse

It is the fact that today is yesterday's tomorrow.
It is the fact that today is different from yesterday
It is the fact that tomorrow is different from today

Posted by joyvest > 2023-08-04 14:58 | Report Abuse

8) It is the fact that the company is still trading at the MV of RM 0.190 as at 12.30Pm today-No assumption is made

12.30 PM is the keyword - no assumption is made
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UlarSawa

So the fact today 19sen proven your assumption Jaks will be much lower than 18.5 still assumption lagi mah. Not fact yet mah. Haiyoh. Correct?U
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UlarSawa

Posted by joyvest > 2023-08-04 14:59 | Report Abuse

It was the fact that the share price was traded at 0.185 at the closing yesterday - No assumption was made

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UlarSawa

Yesterday lower today higher your assumption not correct leh. Haiyoh. Correct?

Posted by Johnchew5 > 2023-08-04 15:02 |

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Posted by UlarSawa > 2023-08-04 15:06 |

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Posted by Asengkianjoo > 2023-08-04 15:06 | Report Abuse

woh!!!!! talk TA now .
that is right !
day day cash squeeze not sian meh.....
Ta is more relevant now .

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

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Posted by Johnchew5 > 2023-08-04 15:10 |

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