JAKS RESOURCES BERHAD

KLSE (MYR): JAKS (4723)

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Last Price

0.13

Today's Change

+0.005 (4.00%)

Day's Change

0.125 - 0.13

Trading Volume

977,400


41 people like this.

64,930 comment(s). Last comment by MrHuangBK3 2 days ago

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? 🤣🤣🤣

Mikecyc

46,057 posts

Posted by Mikecyc > 2024-03-20 14:48 |

Post removed.Why?

m16454

227 posts

Posted by m16454 > 2024-03-20 17:28 | Report Abuse

Banker keep selling at 0.15. believe will have big drop soon and pp price be like 0.10

Mikecyc

46,057 posts

Posted by Mikecyc > 2024-03-20 17:45 |

Post removed.Why?

Huangbk72

5,066 posts

Posted by Huangbk72 > 2024-03-20 17:58 |

Post removed.Why?

m16454

227 posts

Posted by m16454 > 2024-03-20 19:13 | Report Abuse

this mikecyc must be taking tongkat ali. so sok and funny hahahah

MrFox

1,328 posts

Posted by MrFox > 2024-03-20 19:15 | Report Abuse

osted by m16454 > 1 minute ago | Report Abuse

this mikecyc must be taking tongkat ali. so sok and funny hahahah


the reason- his loss in jaks caused him to become 0 SENse!!!
haha

Mikecyc

46,057 posts

Posted by Mikecyc > 2024-03-20 19:42 |

Post removed.Why?

Mikecyc

46,057 posts

Posted by Mikecyc > 2024-03-20 19:48 |

Post removed.Why?

Mikecyc

46,057 posts

Posted by Mikecyc > 2024-03-20 19:49 |

Post removed.Why?

m16454

227 posts

Posted by m16454 > 2024-03-20 19:57 | Report Abuse

everyone lets see the above sozzzaiii coming.. he looks very high after taking tongkat ali again.

Huangbk72

5,066 posts

Posted by Huangbk72 > 2024-03-20 20:38 |

Post removed.Why?

Mikecyc

46,057 posts

Posted by Mikecyc > 2024-03-20 20:51 |

Post removed.Why?

Huangbk72

5,066 posts

Posted by Huangbk72 > 2024-03-21 06:11 | Report Abuse

To summarize Fund Raising activities of Jaks.

Private Placement 2019 2.1 40,926
Rights Issue of Shares with Warrants-C 2.2 237,622
Private Placement 2021 2.3 129,517
Private Placement 2022 2.4 38,272
Exercised Warrants-B and Warrants-C 2.5 14,778
Total 461,115

Scary right? With new upcoming PP, Total will exceed RM500M

Scary because nothing to show

EPS actually looks more like 0 (actual 0.0066)
Cash flow is bad - FCF ( 124M)
Revenue Downtrend pattern
Dividend Downtrend pattern

When a company doing PP to pay for utilities, salary, working capital and repay business creditors perpetually, be very careful.

PP value cheaper each time.

Sslee

6,665 posts

Posted by Sslee > 2024-03-21 07:48 | Report Abuse

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

Total 307,553 33,000

Mikecyc

46,057 posts

Posted by Mikecyc > 2024-03-21 08:43 |

Post removed.Why?

Mikecyc

46,057 posts

Posted by Mikecyc > 2024-03-21 08:46 |

Post removed.Why?

Mikecyc

46,057 posts

Posted by Mikecyc > 2024-03-21 08:52 |

Post removed.Why?

Mikecyc

46,057 posts

Posted by Mikecyc > 2024-03-21 08:55 |

Post removed.Why?

Mikecyc

46,057 posts

Posted by Mikecyc > 2024-03-21 08:56 |

Post removed.Why?

Sslee

6,665 posts

Posted by Sslee > 2024-03-21 08:58 | Report Abuse

Know how RPS work?

9008PB OMESTI-PB 27,500 0.8068 0.8250 22,187.00 22,687.50 500.50 2.26

Sslee

6,665 posts

Posted by Sslee > 2024-03-21 09:18 | Report Abuse

Omesti-PB
Search:
Ann. Date
Ex Date
Type
Subject
Amount
29-Nov-2023 13-Dec-2023 DIVIDEND Others 2.5068%
31-May-2023 15-Jun-2023 DIVIDEND Others 2.4795%
30-Nov-2022 14-Dec-2022 DIVIDEND Others 2.5205%
31-May-2022 14-Jun-2022 DIVIDEND Others 2.4795%
01-Dec-2021 14-Dec-2021 DIVIDEND Others 2.5205%
31-May-2021 15-Jun-2021 DIVIDEND Others 5.0000%

Sslee

6,665 posts

Posted by Sslee > 2024-03-21 09:25 | Report Abuse

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

Sslee

6,665 posts

Posted by Sslee > 2024-03-21 09:30 | Report Abuse

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?

Sslee

6,665 posts

Posted by Sslee > 2024-03-21 09:39 | Report Abuse

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?

Sslee

6,665 posts

Posted by Sslee > 2024-03-21 09:56 | Report Abuse

Insas 6 months end 31/12/2023
RM '000
Interest received 19,883
Dividend received 26,877

Jaks 12 months end 31/12/2023
RM'000
Interest expense 28,508
Dividend received from Joint Venture company 27,386

So jaks dividend received from JHDP cannot even pay the interest payment to banks how on earth jaks going to pay the pricipal sum?

Posted by Silentreader88 > 2024-03-21 11:09 | Report Abuse

Ekovest already up a lot and overbought. this slow JAKS never move up

MrFox

1,328 posts

Posted by MrFox > 2024-03-21 15:23 |

Post removed.Why?

xiaoeh

2,640 posts

Posted by xiaoeh > 2024-03-21 18:25 | Report Abuse

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....

Keyword: guessing

MrFox

1,328 posts

Posted by MrFox > 2024-03-21 19:15 |

Post removed.Why?

m16454

227 posts

Posted by m16454 > 2024-03-21 20:36 | Report Abuse

Jaks please go down to 0.10 and pp and consolidate. plz

MrFox

1,328 posts

Posted by MrFox > 2024-03-21 23:25 | Report Abuse

u mean 👎?

Mikecyc

46,057 posts

Posted by Mikecyc > 2024-03-22 08:48 |

Post removed.Why?

Mikecyc

46,057 posts

Posted by Mikecyc > 2024-03-22 08:49 |

Post removed.Why?

Mikecyc

46,057 posts

Posted by Mikecyc > 2024-03-22 08:52 |

Post removed.Why?

Sslee

6,665 posts

Posted by Sslee > 2024-03-22 08:54 |

Post removed.Why?

Mikecyc

46,057 posts

Posted by Mikecyc > 2024-03-22 09:00 |

Post removed.Why?

Mikecyc

46,057 posts

Posted by Mikecyc > 2024-03-22 09:01 |

Post removed.Why?

Sslee

6,665 posts

Posted by Sslee > 2024-03-22 09:04 |

Post removed.Why?

Mikecyc

46,057 posts

Posted by Mikecyc > 2024-03-22 09:05 |

Post removed.Why?

Mikecyc

46,057 posts

Posted by Mikecyc > 2024-03-22 09:06 |

Post removed.Why?

Sslee

6,665 posts

Posted by Sslee > 2024-03-22 09:10 | Report Abuse

Confirm someone already lost his mind.
Ytlpower all this while is a profitable company and able to pay its borrowing.

Jaks need PP to pay borrowing and no financial institutions want to lend any money to jaks for the addition 10% equity in JHDP.

MrFox

1,328 posts

Posted by MrFox > 2024-03-22 09:12 |

Post removed.Why?

Sslee

6,665 posts

Posted by Sslee > 2024-03-22 09:13 | Report Abuse

Did someone know a negative CAGR mean?

Mikecyc

46,057 posts

Posted by Mikecyc > 2024-03-22 09:31 | Report Abuse

19/3/2024 10.00am

Finally both Line are in Neutral , No more in Oversold level :

RSI(14) Neutral 38.0
Stochastic(14) Neutral 22.2


20/3/2024 9.40 am

RSI(14) Neutral 38.4
Stochastic(14) Neutral 25.0

21/3/2024. 9.57 am

RSI(14) Neutral 38.9
Stochastic(14) Neutral 40.0


22/3/2024 9.28 am

RSI(14) Neutral 38.9
Stochastic(14) Neutral 66.7

Mikecyc

46,057 posts

Posted by Mikecyc > 2024-03-22 09:34 |

Post removed.Why?

Mikecyc

46,057 posts

Posted by Mikecyc > 2024-03-22 09:36 |

Post removed.Why?

xiaoeh

2,640 posts

Posted by xiaoeh > 2024-03-22 09:43 | Report Abuse

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

Sslee

6,665 posts

Posted by Sslee > 2024-03-22 09:44 | Report Abuse

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

Total 307,553 33,000

Sslee

6,665 posts

Posted by Sslee > 2024-03-22 09:55 | Report Abuse

Compound annual growth rate.
You need to ask Mike-Tikus his CAGR is refer to:
Revenue
Profit
Or NOSH

The only positive CAGR about jaks is NOSH.

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