Simple question: why OCF and FCF negative over last few years ? Remember Serba Dinamik? Before caught by KPMG, posted profit every quarter but negative free cash flow.
12% reduction on tariff rate is a BIG impact for Jaks that rely solely on VN plant.
Latest update on Jaks Hai Duong Plant
In October 2023, Price for all coal plant power generated will be reduced from maximum (2022 price frame is 1.773,76/kWh) to new tariff rate ( 0 - 1.559,7 VND/kWh)
Earnings for Jaks will be reduced from Vietnam by 12% due to revised new power tariff. Currency impact ( Paid in VN and Loan in USD) as disclosed by Bruce Wayne..
Most of the 2022 BOD payment is from LTIP free grant of Jaks share.
Stock [JAKS]: JAKS RESOURCES BERHAD Announcement Date 15-Sep-2022 Reference No ALA-14092022-00012 Listing Date 19-Sep-2022 New type/class? No Type Others Details Long Term Incentive Plan - vesting of ordinary shares under Restricted Share Plan - Grant of LTIP No. of shares issued 45,000,000 Issue Price MYR 0.260 Par Value 0.000 Total NOSH 2,087,317,607
Details of Changes: Currency - Date of Change Type Number of Shares 19-Sep-2022 Others 27,000,000 Registered Name Ang Lam Poah Nature of Interest Direct Interest Description Vesting RSP Nature of Interest Direct Interest Shares Ordinary Share Reason Vesting of ordinary shares of JAKS Resources Berhad under the Restricted Share Plan (RSP) of the Long Term Incentive Plan. Consideration -
Stock [JAKS]: JAKS RESOURCES BERHAD Announcement Date 07-Jul-2023 Reference No ALA-06072023-00010 Listing Date 10-Jul-2023 New type/class? No Type Others Details Long Term Incentive Plan - vesting of ordinary shares under Restricted Share Plan - Grant of LTIP No. of shares issued 70,500,000 Issue Price MYR 0.180 Par Value 0.000 Total NOSH 2,289,834,607
Shareholders are paying the LTIP free grant and coming Q3 will have LTIP expenses of 70,500,000 × RM 0.18 = RM 12,690,000.
The question LTIP stand for long term incentive plan to retain talent. So is ALP deserve the LTIP? Do you thing without LTIP ALP will not stay in Jaks?
If no bank wants to lend the money to Jaks, can ask Insas credit and leasing for the bridging loan and repaid after jaks RI arranged by M&A securities.
Simple question: why OCF and FCF negative over last few years ? Remember Serba Dinamik? Before caught by KPMG, posted profit every quarter but negative free cash flow.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Sslee
7,174 posts
Posted by Sslee > 2023-11-20 08:00 | Report Abuse
LARGEST WARRANT B HOLDERS AS AT 24 MARCH 2023
No. of
Names Warrant B (%)
1. Chong Kok Foo 22,464,833 13.10
2. Kenanga Nominees (Tempatan) Sdn Bhd 20,835,842 12.15
Pledged Securities Account for Ang Lam Poah
3. HLB Nominees (Tempatan) Sdn Bhd 10,165,749 5.93
Pledged Securities Account for Loo Kee Seng
4. Public Nominees (Tempatan) Sdn Bhd 8,770,850 5.11
Pledged Securities Account for Ang Lam Poah
5. Phillip Nominees (Tempatan) Sdn Bhd 7,775,240 4.53
Pledged Securities Account for Ang Lam Poah
6. Affin Hwang Nominees (Tempatan) Sdn Bhd 5,641,790 3.29
Pledged Securities Account for Ang Lam Poah
7. Original Invention Sdn Bhd 5,215,100 3.04
8. Er Soon Puay 3,700,500 2.16
9. Koh Seng Poh 3,454,011 2.01
10. Ch’ng Kim Soon 2,479,400 1.45
11. Wilfred Koh Seng Han 2,395,522 1.40
12. Maybank Nominees (Tempatan) Sdn Bhd 2,351,536 1.37
Pledged Securities Account for Ang Lam Poah
1 more week to last trading date on WB 27 Nov 2023.
Insider ALP pledged securities warrent B will turn into toilet paper or can he do something?