Posted by joyvest > 2023-08-14 09:18 | Report Abuse

From your post below, since the accumulated reserve is RM 315m, why cant Jaks pay dividend to shareholders as rewards? it is the fact that Jaks has never been paying dividend for the past 19 years. Why ? Jaks just doesnot want to pay and instead gives the excuse of " in need of fund as working capital". This can be evident from their recent proposal for DRP ( Dividend Reinvestment Plan). It can be inferred that the company is cash stricken and faced with cashflows problems as highlighted by some commentors here.



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Johnchew5

> Accumulated Profit : 324,951,000 ( Audited as on December 2022 is RM 310,874 ,000 )

Posted by UlarSawa > 2023-08-14 09:35 |

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Posted by joyvest > 2023-08-14 09:55 | Report Abuse

It is short lived and illusionary . At closing time,it is back to 0.195 if not lower.... unstainable

Posted by UlarSawa > 2023-08-14 09:58 |

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Posted by joyvest > 2023-08-14 10:00 | Report Abuse

Facts of pre-signs

Posted by SomaCruz89 > 2023-08-14 10:07 |

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Posted by UlarSawa > 2023-08-14 10:09 |

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Posted by UlarSawa > 2023-08-14 10:10 |

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Posted by UlarSawa > 2023-08-14 10:13 |

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Posted by UlarSawa > 2023-08-14 10:15 |

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Posted by SomaCruz89 > 2023-08-14 10:18 |

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Posted by UlarSawa > 2023-08-14 10:20 |

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Posted by UlarSawa > 2023-08-14 10:22 |

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Posted by joyvest > 2023-08-14 10:25 | Report Abuse

The actual happening is from the facts of pre-signs

Posted by joyvest > 2023-08-14 10:26 | Report Abuse

Before massive mountain avalanches happen, peddle stones ( tiny stones ) are falling down as pre-signs. No assumption but fact of pre-signs. Similarly, before the realisation of downfall of the company, there are facts of pre-signs..

Posted by joyvest > 2023-08-14 10:27 | 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% ( RM 48m) in 2021 from 14% (representing RM 41m) in 2020

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

Posted by SomaCruz89 > 2023-08-14 10:33 |

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Posted by joyvest > 2023-08-14 10:33 | Report Abuse

The actual happening is from the facts of pre-signs
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UlarSawa
Pre sign is not fact until it happen leh. Haiyoh. Correct?
joyvest
Facts of pre-sign

Posted by UlarSawa > 2023-08-14 10:37 |

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Posted by UlarSawa > 2023-08-14 10:40 |

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Posted by UlarSawa > 2023-08-14 10:41 |

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Posted by SomaCruz89 > 2023-08-14 10:41 |

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Posted by UlarSawa > 2023-08-14 10:43 |

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Posted by SomaCruz89 > 2023-08-14 10:48 |

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Posted by joyvest > 2023-08-14 10:50 | Report Abuse

The occurrence of collapse is from the facts of pre-signs which are not attended to....
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UlarSawa
Presign not necessary will end up jadi facts leh. Itu your assumption only leh. Haiyoh. Correct?

Posted by UlarSawa > 2023-08-14 10:50 |

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Posted by UlarSawa > 2023-08-14 10:51 |

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Posted by SomaCruz89 > 2023-08-14 10:56 |

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Posted by joyvest > 2023-08-14 10:58 | Report Abuse

From the reflection of the pathetic share price. If the Mgt has done something ,the share price wont be so bloody depressed.
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UlarSawa
How would you know the mgmt is doing nothing to stop the pre sign from deterioration leh. Haiyoh. Correct?

Posted by UlarSawa > 2023-08-14 10:59 |

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Posted by Johnchew5 > 2023-08-14 11:03 |

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Posted by stncws > 2023-08-14 11:12 | Report Abuse

no more kacau at last until 2026. bursa will perform

Posted by Johnchew5 > 2023-08-14 11:17 |

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Posted by SomaCruz89 > 2023-08-14 11:18 |

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Posted by joyvest > 2023-08-14 11:21 | Report Abuse

If share price is controllable as said , the Mgt of Jaks has certainly lost control of its own share .
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UlarSawa
share price is kena controlled one lah. Haiyoh. Correct?

Posted by Johnchew5 > 2023-08-14 11:31 |

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Posted by joyvest > 2023-08-14 11:43 | Report Abuse

he company is already faced with difficulty to raise PP funding as evident from their recent application for time extension to complete the PP. Now then, how on earth do you believe that they can be successful in raising RI given the fact that majority of existing shareholders/investors resent to it?

Furthermore,given the pathetic share price, more shares need to be issued under RI,hence ballooning the existing share capital of 2.9m and diluting their shareholdings further . Do you really believe that they are happy about it ?
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Johnchew5
Posted by Johnchew5 > 6 hours ago | Report Abuse
Hoho Insider bought RI at what Price ? Higher than current share price , and paying interest if put in pledge account.
With LTIP shares is Issued, Insider want maximum return, and Shl start harvesting… along this year until 1st Q 2024 …

Posted by Johnchew5 > 2023-08-14 12:57 |

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Posted by Johnchew5 > 2023-08-14 13:07 |

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Posted by joyvest > 2023-08-14 13:42 | Report Abuse

From the reflection of pathetic share price,the proposed DRP is a lousy resolution.

Posted by joyvest > 2023-08-14 15:58 | Report Abuse

The existing " low gearing ratio of 37.5 % ( 0.375 X )" is in fact motivated in disguise due to its massive share capital of 2.9m which has been accumulated through massive RI and PP over the years.

Any further issuance of RI or PP at the pathetic share price would increase the shares base substantially. Though the gearing ratio would become even lower as a result of the substantial shares , it creates the wrong impression that their gearing ratio is healthy. In actual fact , it is worse due to its massive capital base in disguise.

Posted by Johnchew5 > 2023-08-14 17:08 |

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Posted by UlarSawa > 2023-08-14 22:19 |

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Posted by Johnchew5 > 2023-08-15 06:46 |

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Posted by Johnchew5 > 2023-08-15 07:01 |

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