Posted by Hoottttttt > 2023-12-16 15:46 | Report Abuse

Run! This stock will drop forever and company treat your money like ATM, never buy it!

Posted by koyokui > 2023-12-20 07:43 | Report Abuse

Dow jones new high

Posted by joyvest > 2023-12-20 16:50 | Report Abuse

it is expected to continue to be below 0.20 by the end of this year if not lower....

Posted by Aldous47 > 2023-12-20 17:18 | Report Abuse

Agreed, no good news comes out to Jaks yet..

Posted by MrFox > 2023-12-22 14:17 |

Post removed.Why?

Posted by Just88 > 2023-12-22 20:48 | Report Abuse

IR said Jaks will not take up the additional 10% in JHDP due to unfavorable financing terms and conditions. This is certainly a wake up call to all of us. Giving up on a low risk high return investment opportunity due to funding is totally unacceptable. ALP is a smart person and he decided not to take up the option. WHY ?

Posted by Just88 > 2023-12-22 20:49 | Report Abuse

Not taking up the 10% option is worst than doing equity fund raising to take up the 10% option. This is totally unexpected ! I was wrong to think that RI or PP is the only way to fund the 10% because I never thought that Jaks will let the option lapse ! Initially I thought the worst case scenario is share dilution due to issuance of cheap shares to raise funds. Now Jaks is telling us that the 10% option is not worthy of further investment. DK is totally right about Jaks' difficulty in sourcing fund for the option and RI or PP maybe the only sources of funding. However, I don't think DK had expected Jaks to give up the 10% interest which has a payback period of less than 5 years. I hope it is not another unpleasant surprise. Now we must be honest with ourselves and not just looking for excuses to continue holding on to our investment in Jaks. Something is very wrong with Jaks now.

Posted by MrFox > 2023-12-22 21:44 | Report Abuse

i was a prisoner..not now!!! lucky in the sense that i ran away long long ago!!! and recovered the jaks loss in other pastures!really kesian current holders

Posted by Sslee > 2023-12-23 09:50 | Report Abuse

Jaks is welcome to approach Insas leasing and credit for financing to take up addition 10% JHDP.

Posted by MrFox > 2023-12-23 12:14 | Report Abuse

i sincerely pray jaks will recover!!! we miss Mikecyc who has lost his tail!!!!
hope he will get his tail back!!!!
haha

Posted by StartOfTheBull > 2023-12-23 13:20 | Report Abuse

Mikecyc/Johnchew is happy to have locked his smartphone in a safe and intentionally and temporary forget the password.
As in a kung fu movie, no fighting scene is a boring movie; loneliness is if there is no enemy. 😁

Posted by MrFox > 2023-12-23 13:27 | Report Abuse

yaloh! Mikecyc is hibernating!!!! off and on, watching at his bsackside to see whether his tail is growing!!
haha

Posted by Just88 > 2023-12-24 10:44 | Report Abuse

This 10% option allows Jaks to acquire additional 10% shareholdings in the power plant at original cost which is equivalent to the investment cost of Jaks' current 30% shareholdings. This option allows Jaks to increase its earnings from the power plant by 33% immediately upon subscription for the remaining 22 years of concession. By letting the option lapse raises the question of bankability of the power plant going forward. Hence, putting the earnings prospect of the current 30% shareholdings in the power plant in doubt.

Posted by Just88 > 2023-12-24 10:51 | Report Abuse

As the power plant is the sole earnings contributor to Jaks currently, Jaks should provide a clear and detail explanation of its decision not to subscribe for the optional 10% interest in the power plant.

Posted by UlarSawa > 2023-12-26 11:53 |

Post removed.Why?

Posted by joyvest > 2023-12-27 09:47 | Report Abuse

To subscribe for the 10% , it requires funding be it internally or externally. It is unlikely that the company will be able to subscribe . Internally, the company has difficulty to raise funds through RI and PP as investors have lost faith in the Top Management. Their dividend policy and growth are pathetic as reflected in the current share price.

Externally, it is believed that no funders are keen to extend the borrowings to them though their gearing level is low. The reason for their low gearing level is due to their massive issuance of RI and PP in the past ,ballooning the share capital base in disguise. External funders have lost faith in the Management too. The company is destined to be doomed.

Posted by Aldous47 > 2023-12-27 14:51 | Report Abuse

Looks like Jaks seriously in need of 'white knights' ..

Posted by soon9913 > 2023-12-28 13:47 | Report Abuse

any news about the subscription of additional 10% on Vietnam power plant? or drop the option?

Posted by soon9913 > 2023-12-28 13:48 | Report Abuse

see the price like that likely they drop the option due to no money lo.

Posted by Aldous47 > 2023-12-29 11:22 | Report Abuse

that's why it needed a white knight to inject money into it 😁

Posted by joyvest > 2023-12-29 18:41 | Report Abuse

As expected ,Jaks is never above 0.20 by the end of this year.

It is recalled that some forumists here challenged my expectation a few months ago
that Jaks would be above 0.20 by the end of this year.

Posted by It's Compounding > 2023-12-29 21:10 | Report Abuse

Hi Just88,
IR said Jaks will not take up the additional 10% in JHDP due to unfavorable financing terms and conditions.
How true is this news?

Posted by joyvest > 2023-12-29 22:19 | Report Abuse

No funders are keen to provide jaks with fundings..their mention of unfavourable terms is just a lame excuse.

Posted by speakup > 2023-12-30 09:41 | Report Abuse

dun play play! this is OTB ex-miss universe stock

Posted by joyvest > 2023-12-30 17:56 | Report Abuse

Ex stock only..its no longer with him. The company is the thing of the past. What is past is past,let begone be begone. I bet he doesn't live under the shadow of the past...

Posted by Cnlim > 2023-12-30 19:00 | Report Abuse

haha nobody goreng this stock

Posted by joyvest > 2023-12-31 16:00 | Report Abuse

Since no body goreng, it is expected to be below 0.10 if not lower by the end of 2024

Posted by Sslee > 2023-12-31 17:58 | Report Abuse

By Feb 2024, if Q4 with impairment loss on receivables and goodwill plus no dividend from JHDP, jaks did not take up the addition 10% JHDP share, lose on LSS4 solar plant and Malaysia operation then most likely price will drop futher.

Posted by Sslee > 2023-12-31 18:01 | Report Abuse

If price drop and trigger margin force selling on ALP pledged Jaks share then no eye see.

Posted by Just88 > 2024-01-01 09:40 | Report Abuse

Hi, It's Compounding,

As DK has pointed out, it is extremely difficult for Jaks to get further bank financing due to various reasons. Its apparent low gearing ratio is due to its investment in JHDP without which its gearing ratio would be very high. The power plant will be handed over to the Vietnam government at the end of the concession period at zero value, hence, the investment value in JV will be written off if not already fully recovered through dividend by then. The power plant is pledged to the Chinese banks for financing and thus Jaks is unable to pledge its ownership in the power plant for further borrowings. Jaks may be able to get some bank borrowings using its future dividend from the power plant but interest rate may be quite high under such term.

Therefore, Jaks could only raise funds for the 10% optional interest through equity financing but that is all too late now.

Given the stranded situation Jaks is facing now, i think it is quite true that Jaks is giving up on the 10% option.
********************************
It's Compounding

Hi Just88,
IR said Jaks will not take up the additional 10% in JHDP due to unfavorable financing terms and conditions.
How true is this news?

Posted by SarifahSelinder > 2024-01-01 17:41 | Report Abuse

IPP ada profits

IPP ada accumulated profits

Klau x take up 10% option tu kan accumulated profits tu can use to pay dividend to JAKS??

Posted by Mikecyc > 2024-01-02 14:51 |

Post removed.Why?

Posted by Mikecyc > 2024-01-02 15:01 |

Post removed.Why?

Posted by joyvest > 2024-01-02 19:59 | Report Abuse

Own homework,own analysis and own judgement. All these are fine provided they are objectively done without personal prejudice and sentiments.

Posted by Stocker > 2024-01-02 20:45 | Report Abuse

lai liao

Posted by joyvest > 2024-01-03 06:55 | Report Abuse

Lance or lan-ce?

Posted by ncy810116 > 2024-01-03 15:00 | Report Abuse

let's move...

Posted by Mikecyc > 2024-01-03 15:30 | Report Abuse

Date Time
: 27 June 2023, Tuesday : 10.30 a.m.
JAKS RESOURCES BERHAD
Registration No. 200201017985 (585648-T) (Incorporated in Malaysia)
SUMMARY OF KEY MATTERS DISCUSSED
AT THE TWENTY-FIRST ANNUAL GENERAL MEETING OF THE COMPANY

We have received several financing proposals from Singaporean financial institutions and currently negotiating the terms.

We wish to clarify that we do not intend to undertake a cash call exercise to subscribe the 10% option. At present, we have received several financing proposals from Singaporean financial institutions and currently negotiating the terms.

Posted by Mikecyc > 2024-01-03 16:02 |

Post removed.Why?

Posted by Mikecyc > 2024-01-03 16:05 | Report Abuse

Referred to FY23 , 1 QR ended March 2023 :

Gearing Ratio : 37.5 % ( 0.375 X )


👉Referred to FY23 , 2QR ended June 2023 :

Gearing Ratio : 36.2 % ( 0.362 X )

Posted by joyvest > 2024-01-03 16:11 | Report Abuse

No funders are keen to lend to Jaks. Their mention of potential Singaporean funders to lend is just to mislead the investors. The surge in their share price is short lived and unstainable.

Posted by Mikecyc > 2024-01-03 17:17 |

Post removed.Why?

Posted by Mikecyc > 2024-01-04 05:44 | Report Abuse

👉Referred to FY23 , 2QR ended June 2023 :

> Accumulated Profit : 343,661,000. ( 1QR 324,951,000 ) ( Audited as on December 2022 is RM 310,874 ,000 )

Posted by joyvest > 2024-01-04 07:59 | Report Abuse

No point to show tons of accumulated profits of which not even half a cent is paid out as dividends to investors. The retention of funds for re-investment didnt bode well to appreciate share price but deppreciating to the extent that all investors are faced with capital losses now

Posted by Sslee > 2024-01-04 08:43 | Report Abuse

If only someone has listen to MrFox to sell his jaks and buy Ytl he would has now laughing all the way to the bank instead of repeating/recycle his outdated promotion material in jaks.

Posted by curiousq > 2024-01-04 09:09 | Report Abuse

Sifu revised to TP=1.00, reduced from Tp=1.50 last year, "which is more reasonable and fair", he said.

Posted by MrFox > 2024-01-04 10:08 | Report Abuse

Sslee@@@
not only laughing!!! now can get more ahmoing!!!!!!
haha

Posted by Aldous47 > 2024-01-05 14:28 | Report Abuse

Ya, YTL is really strong currently but seems a bit too high to chase it alrdy ...

Posted by StartOfTheBull > 2024-01-05 14:32 | Report Abuse

When will Lee sell Insas buy YTL/YTLP?

Posted by LalisaFang > 2024-01-05 16:45 | Report Abuse

Jaks no more goreng moment?