So next year or year after next can jaks generate enough cash flow for interest and repayment of outstanding loan amount RM 307,553,000?
(i) As per the Announcement, the Group has earmarked up to RM33.00 million of the proceeds from the Proposed Private Placement for the partial repayment of its existing facility, in the manner set out below: Facility Bank Purpose of borrowing Interest rate (% per annum) Principal amount(RM’000) Tenure Total amount outstanding as at LPD(RM’000) Proposed repayment(RM’000) Term loan Great Eastern Term loan provided to part finance the development cost of a 4-storey shopping mall known as Evolve Concept Mall 6.0 250,000 10 years 211,418 13,000
Term loan Maybank Term loan provided to part finance the acquisition of a 4-storey commercial property known as Pacific Towers 7.4 100,000 10 years 73,635 10,000
Letter of credit / Trade financingAl-Rajhi Banking & Investment Corporate (Malaysia) Berhad To facilitate and finance local purchase/ importation of raw materials/ trading goods relating to Company’s principal line of business 6.5 40,000 N/A 22,500 10,000
By the way omesti is just one of the many Insas' Financial assets at fair value through profit or loss and as at 31/12/2023 mark to market value of RM 231,352,000
Come back to jaks: My question: As per the Announcement, the Group has earmarked up to RM33.00 million of the proceeds from the Proposed Private Placement for the partial repayment of its existing facility.
So next year or year after next can jaks generate enough cash flow for interest and repayment of outstanding loan amount RM 307,553,000?
Facility Bank Purpose of borrowing Interest rate (% per annum) Principal amount(RM’000) Tenure Total amount outstanding as at LPD(RM’000) Proposed repayment(RM’000) Term loan Great Eastern Term loan provided to part finance the development cost of a 4-storey shopping mall known as Evolve Concept Mall 6.0 250,000 10 years 211,418 13,000
A RM 250,000,000 10 year term loan for evolve mallp and current outstanding RM 211,418,000 is this mean jaks did not pay the principal sum as schedule?
Guessing before next few round of pp Jaks may do share consolidation say 20 to 1 or even 30 to 1 to jack up the price first This is to attract newbies with the higher share price....
Posted by Sslee > 19 minutes ago | Report Abuse Did someone know a negative CAGR mean?
Morning Sslee sifu my own layman understanding of CAGR is following: CAGR is calculated to reflect standard percentage +ve growth or -ve growth to each year but there is a the weakness of CAGR e.g. neglected certain super outstanding +ve /-ve growth year hence -ve CARG to me doesn't really giving true meaning
Please correct me if my understanding wrongly just want to learn more
Just a getle reminder. If jaks failed to repay bank borrowing a default mean banks will immediately recall all the loans and jaks will go bankrupt.
(i) As per the Announcement, the Group has earmarked up to RM33.00 million of the proceeds from the Proposed Private Placement for the partial repayment of its existing facility, in the manner set out below: Facility Bank Purpose of borrowing Interest rate (% per annum) Principal amount(RM’000) Tenure Total amount outstanding as at LPD(RM’000) Proposed repayment(RM’000) Term loan Great Eastern Term loan provided to part finance the development cost of a 4-storey shopping mall known as Evolve Concept Mall 6.0 250,000 10 years 211,418 13,000
Term loan Maybank Term loan provided to part finance the acquisition of a 4-storey commercial property known as Pacific Towers 7.4 100,000 10 years 73,635 10,000
Letter of credit / Trade financingAl-Rajhi Banking & Investment Corporate (Malaysia) Berhad To facilitate and finance local purchase/ importation of raw materials/ trading goods relating to Company’s principal line of business 6.5 40,000 N/A 22,500 10,000
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....
StingRay
6,871 posts
Posted by StingRay > 2024-03-20 14:43 | Report Abuse
Still Jaks is below your entry of RM0.19. 10 months of promoting night and day including weekends all gone to waste. Piling story kaput? 🤣🤣🤣