Posted by Sslee > 2024-01-20 11:29 | Report Abuse

Mike-tikus,
Ask you a simple question:
Mind telling me what had ALP acheived in 2022 and 2023 to deserve 42.3 and 27 million free grant LTIP except signing MOU?

And you can't answer but talk 3 talk 4 and talk cock for what?

Posted by Sslee > 2024-01-20 11:32 | Report Abuse

Share of profit of associate company JHDP that already very old news. Any new profit from new project/venture/JV in 2022 and 2023?

Posted by Mikecyc > 2024-01-20 11:55 |

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Posted by Felix888999 > 2024-01-20 12:53 |

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Posted by StartOfTheBull > 2024-01-20 13:16 | Report Abuse

i3lurker lost his 15 years old Samsung smartphone. Who is correct? Lee or Lurker? 🤔

Sslee
3,670 posts
Posted by Sslee > 1 day ago | Report Abuse
i3lurker must be enjoying his long new year holiday oversea. So many people miss him in capA forum.

i3lurker
13,133 posts
Posted by i3lurker > 1 day ago | Report Abuse
Exited Bitcoin.I am now playing Indexes. Only Nasdaq100 and Hang Seng Index

Posted by Mikecyc > 2024-01-20 14:47 |

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Posted by Mikecyc > 2024-01-21 10:50 |

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Posted by Mikecyc > 2024-01-21 10:51 |

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Posted by Mikecyc > 2024-01-21 10:52 |

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Posted by Silentreader88 > 2024-01-21 20:34 | Report Abuse

Regaining rising momentum, JAKS Resources is expected to rise

Tue, Jan 16, 2024

Broker: Public Investment Bank Research
Investment Recommendation: Technical Buy
Closing price: 18.50 sen (as of January 16)
Support level: 19 sen
Resistance level: 21 sen, 22.5 sen
Stop loss point: 17 sen

Today’s Stock Picks｜Regaining rising momentum, JAKS Resources is expected to rise

JAKS Resources (JAKS, 4723, Main Board Construction) stock price is regaining upward momentum and is expected to move higher in the near term, ushering in a technical rebound.

The stock price gradually fell from a high of 23.5 cents at the end of September 2023, and continued to hover between 18 and 18.5 cents from mid-December to the end of December. Then it gradually recovered and closed at 19.5 cents on Monday (15th).

The technical chart shows that the Strength Index (RSI) is at 56 points and has not yet reached the overbought state; the Moving Average Convergence and Divergence indicator (MACD) is moving towards a positive zone above its signal line, releasing a bullish signal.

The stock is expected to break through the first resistance level of 21 sen (7.6% upside) and then move towards the second resistance level of 22.5 sen (15.3% upside). However, if the stock falls below the support level of 19 sen, it is recommended to start placing stop losses at 17 sen.

In terms of performance, JAKS Resources achieved a net profit of RM7.15 million in the third quarter of fiscal year 2023, and a cumulative net profit of RM40.34 million in the first three quarters.

Posted by Just88 > 2024-01-21 22:48 | Report Abuse

There is no excuse for giving up on the optional additional 10% shareholdings in the power plant in Vietnam which has an expected payback period of less than 5 years unless there is some ugly hidden truth about the power plant.

Posted by Mikecyc > 2024-01-21 23:43 |

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Posted by Mikecyc > 2024-01-21 23:49 |

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Posted by Mikecyc > 2024-01-22 00:02 | Report Abuse

Date Time
: 27 June 2023, Tuesday : 10.30 a.m.
JAKS RESOURCES BERHAD

Set forth below are the Key Matters Discussed:

Please provide an update on the status of subscribing the additional 10% stake in JHDP. Is JRB planning for a cash call (right issue) to subscribe the additional 10% of JHDP?
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 > 2024-01-22 09:00 |

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Posted by Mikecyc > 2024-01-22 09:01 |

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Posted by Sslee > 2024-01-22 09:24 | Report Abuse

Mike-tikus,
Can you write to jaks IR: ir@jaks.com.my to confirm whether jaks received any dividend from JHDP in 2023 and had Jaks takeup the option of addition 10% JHDP shares

That will be very helpfull instead of recycle all those old news.

Posted by Mikecyc > 2024-01-22 09:50 |

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Posted by Mikecyc > 2024-01-22 09:54 |

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Posted by Mikecyc > 2024-01-22 09:58 |

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Posted by Sslee > 2024-01-22 10:01 | Report Abuse

2022 : RM 156.2 million , Dividend RM 70.0 million.

2022 got RM 70 million dividend and if 2023 did not received any dividend then something is very wrong with JHDP. And you know what will happen to jaks shares price if something is very wrong with Jaks only golden goose.

Posted by Mikecyc > 2024-01-22 10:36 |

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Posted by Mikecyc > 2024-01-22 10:44 |

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Posted by Sslee > 2024-01-22 10:50 | Report Abuse

The golden goose of Insas is Inari. Please check how much share of profit and dividend from Inari every quarter.

The best part Insas can choose to sell some inari shares in open market and report gain in disposal of associate company share.

Can Jaks report any gain on disposal of JHDP shares?

Posted by Sslee > 2024-01-22 10:52 | Report Abuse

By the way how much will Insas report gain on disposal of 100 million M&A shares?

Posted by Sslee > 2024-01-22 11:10 | Report Abuse

Mike-tikus do not know share of profit from associate company is taken out from cash flow. Only dividend from JHDP is the real money into jaks book.

Posted by Mikecyc > 2024-01-22 13:50 |

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Posted by Mikecyc > 2024-01-22 13:58 |

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Posted by Mikecyc > 2024-01-22 14:00 |

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Posted by Huangbk72 > 2024-01-22 16:15 | Report Abuse

Wah.. Cham lo... Jaks o Jaks

Where is the super promoter Mikecyc? Busy talking in Insas?? 🤣🤣🤣

Posted by Huangbk72 > 2024-01-22 16:36 | Report Abuse

Mikecyc.. 1 more month to QR

What to expect?? U must know

Posted by Mikecyc > 2024-01-22 18:43 |

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Posted by Mikecyc > 2024-01-22 18:45 |

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Posted by Mikecyc > 2024-01-22 19:03 |

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Posted by Huangbk72 > 2024-01-22 19:37 | Report Abuse

Poor Mikecyc.. self proclaimed FA expert wohh

If you dont even understand Cashflow analysis.. better you keep quiet instead of becoming a stock promoter.. Hahaha.... no wonder u bought into Jaks..🤣🤣

A company purely doing PP/RI to keep afloat.. When this option runs out, it will sink.. now already sinking.

Look at NOSH.. look at past PP/RI... look at Cashflow... Given you 3 hints.. dont tell everyone you still dont get it. Hahahaha

Posted by Mikecyc > 2024-01-22 20:55 |

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Posted by Mikecyc > 2024-01-22 20:59 |

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Posted by Mikecyc > 2024-01-22 21:00 |

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Posted by Mikecyc > 2024-01-22 21:10 |

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Posted by Huangbk72 > 2024-01-22 21:13 | Report Abuse

Aiyoyo Mikecyc.. Talk only project.. What about Jaks borrowings..

VN - USD1.4B borrowings.. Tenure 10 years.. Borrowings in USD hor... each year MYR 620+M in repayment. Loan secured when USD vs MYR rate around 4.205. Now you take a guess

LSS4 also heavy borrowings.. Seems like from latest QR, project not even breaking even.

Seems like you forgot your mirror again... really syiok sendiri and talk big projects when company cash flow is still negative.

More rounds of PP/RI upcoming... u know this will further dilute minority shareholders equity... but of course..u have no idea 🤣🤣

Posted by Huangbk72 > 2024-01-22 21:19 | Report Abuse

Mikecyc.. Now my question.. U seem very bullish on JAKS cash position. Care to explain why so badly shown below?

Cash Flow
BreakdownTTM 9/29/2023 6/29/2023 3/30/2023 12/30/2022
Operating Cash Flow -19,006 32,863 -16,413 -12,039 -23,417
Investing Cash Flow -11,903 -23,259 4,318 -22,600 29,638
Financing Cash Flow 41,663 4,477 19,582 4,014 13,590
End Cash Position 16,373 19,391 5,302 -894 29,719
Capital Expenditure -104,892 -23,456 -6,049 -31,082 -44,305
Issuance of Capital Stock 38,982 14,402 - - 711
Free Cash Flow -123,898 9,407 -22,462 -43,121 -67,722

Posted by Mikecyc > 2024-01-22 21:42 |

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Posted by Mikecyc > 2024-01-22 21:44 |

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Posted by Mikecyc > 2024-01-22 21:45 |

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Posted by Huangbk72 > 2024-01-22 21:45 | Report Abuse

Poor Mikecyc.. avoiding jaks borrowings... Why avoid?

Again. what was your question? can ask clearly ?

Posted by Huangbk72 > 2024-01-22 21:47 | Report Abuse

Hahaha... Why asking for PP/RI done by JAKS? This is easily found.

Why asking I didnt post for 7 years? Its not allowed? WHat a funny question

Posted by Huangbk72 > 2024-01-22 21:48 | Report Abuse

Lets debate challenging question.

You talk Jaks big project, big profit, good Financial ratios...

Simple question.. if all so good, why cash flow so bad?

Posted by Mikecyc > 2024-01-22 21:51 |

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Posted by Mikecyc > 2024-01-22 21:53 |

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Posted by Huangbk72 > 2024-01-22 21:55 | Report Abuse

Mikecyc.. why talk about everything you can find on internet... pure wasting time.

Can you use your brain and think for an answer.

Next challenging question for you.

Jaks VN project 1st line started in 2020 and 2nd line started in 2021.

Few years and still bad cash flow.. Its too much different from what Jaks informed everyone.

Since you super promoter.. can explain?