FY2023 RM'000 Interest expense 28,508 Dividend received from Joint Venture company 27,386
A RM 250,000,000 10 year term loan mean principal payment per year is RM 25 million. Jaks other business are lose making except the JV Vietnem power plant contributed RM 27,386,000 to jaks cash inflow for FY 2023.
So where jaks going to get the cash inflow to pay bank principal and interest payment for years to come? More RI and PP coming?
It's spot on for SSlee to highlight the cashflow. If you are an employee, you would think it's no big deal but cash flow is a big deal when you own a business. It means you need to crack your head to find source of financing to pay your overheads and bank loans. Another mistake JAKS made was to complete the LSS4 when solar panel price was at it's highest after the Covid 19. Solar panels cost much cheaper now. Anyone who rushed to buy after Covid19 was not too smart knowing the supply crunch was temporary unless you have a deadline to meet. Of course LSS4 got deadline, but there are LSS2 projects yet to be completed. To me, it shows the competency of the management to certain extent
Posted by curiousq > 1 hour ago | Report Abuse xiaoeh, you register a new ID to attack me? your heart is really very narrow and your mind is very dirty
Dear Curiosq why would i do that? fyi, i don't intend to have any fights with anybody in i3 i just want to make fren, learn and get information to gain in stock and i do not use any other id other than this id
my suggestion to u Curiousq just focus on useful information and avoid any meaningless communication and fighting
let's learn and gain insightful information together
Last week she attacked me using different IDs, I was using only 1 ID, this one, she was so smart and said, see how long I can be here ..... and now, I'm here, she is not !!! thank moderator ......
All the curses and dirty things she posted will go back to her ...., just like this one
JAKS Resources Bhd's unit has signed a Memorandum of Understanding (MOU) with China-based CALB Group Co Ltd to explore opportunities in the battery energy storage system (BESS) market, with a particular focus on the Southeast Asia region. The MOU is a non-binding agreement and will not have any financial implications until a definitive agreement is signed, which is expected to occur within six months, it said.
common tactic used for jacking up price for penny stocks MOU is not a binding contract and can be cancelled anytime with any reason just need to close watch the outcome if u r deciding ride with the news buy on news sell on facts and do not greedy
Realsifu News can be fake news, fabricated news, not confirmed news some company release not confirmed news to jack up price some company fabricated news to jack up price some company release fake news to jack up price but in the end price will become normal once the facts are reported hence there is a market quote: buy on news sell on facts
but you Realsifu is right also some company release bad news to bring down price hence.... pantai pantai la...
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 3150 views | 3 d ago
0:17
New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
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
5,786 posts
Posted by Sslee > 2024-04-16 09:07 | Report Abuse
FY2023
RM'000
Interest expense 28,508
Dividend received from Joint Venture company 27,386
A RM 250,000,000 10 year term loan mean principal payment per year is RM 25 million.
Jaks other business are lose making except the JV Vietnem power plant contributed RM 27,386,000 to jaks cash inflow for FY 2023.
So where jaks going to get the cash inflow to pay bank principal and interest payment for years to come? More RI and PP coming?