Posted by Realrich > 2024-05-08 16:32 | Report Abuse

Operator sales news now drop back.

Posted by Alibone > 2024-05-08 21:13 | Report Abuse

Hi, Just88, I know you are very close to DK. May I ask whether DK is also buying Jaks now ?

Posted by Just88 > 2024-05-08 21:25 | Report Abuse

Alibone, I gave my detailed analysis to DK for comment. He agreed that the negativity of the cash flow deficit is alleviated substantially when the RM200m syndicated loan is excluded. However, he is still concerned with the collectivity of the receivables given the significant write offs in the prior years. Nevertheless, he agrees that the risk reward is attractive now and he is considering subscribing for the private placements.

Posted by Huangbk72 > 2024-05-08 21:38 | Report Abuse

Syndicated loans has no relevance or connection to negative cash flow.

Posted by Sslee > 2024-05-08 22:25 | Report Abuse

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

307,553 33,000

Know how much interest and pricipal repayment per year for above 3 loans alone?
Is the yearly dividend from JHDP able to cover yearly interest and principal repayment?

Many more years of negative cashflow and need more PP or RI to stay afloat.

Posted by Just88 > 2024-05-08 22:31 | Report Abuse

Prior to the release of 2023 annual report, it was not known to me that there is a RM200m loan included in the total borrowings of RM500m. I was doing a cash flow projection of Jaks for the next 6 years before the JHDP loans are fully repaid. The future cash flow deficits are projected to be very severe and hence expectation of numerous PP and RI to deal with the cash deficits. If the syndicated loan is excluded from the cash flow projection, the severity of negative cash flow is substantially reduced.

Posted by xiaoeh > 2024-05-08 23:10 | Report Abuse

Posted by Just88 > 35 minutes ago | Report Abuse
Prior to the release of 2023 annual report, it was not known to me that there is a RM200m loan included in the total borrowings of RM500m. I was doing a cash flow projection of Jaks for the next 6 years before the JHDP loans are fully repaid. The future cash flow deficits are projected to be very severe and hence expectation of numerous PP and RI to deal with the cash deficits.
"If the syndicated loan is excluded from the cash flow projection, the severity of negative cash flow is substantially reduced".

can the syndicated loan to be excluded Just88?

Posted by Just88 > 2024-05-08 23:35 | Report Abuse

xiaoeh, the syndicated loan is for the solar project of which the bankers must have assurances that the cash flows generated from the solar project are certain to be able to service its loan. Therefore, the syndicated loan should not be a concern to Jaks especially when we are trying to determine the severity of Jaks' near term future cash flow deficits.

Posted by Sslee > 2024-05-08 23:53 | Report Abuse

LSS4 electricity rate is so low. Last 2 quarter LSS4 is still lose making. It mean after paying the loan interest the depreciation charge is not enough to pay the loan principal.

Posted by Just88 > 2024-05-08 23:58 | Report Abuse

Depreciation charge is a non cash flow item which does not involve cash payment. LSS4 is making losses due to depreciation charges but net cash flow should be positive and able to pay the loan principal.

Posted by Sslee > 2024-05-09 00:03 | Report Abuse

Know depreciation based on how many years and the term loan tenure?

Posted by Sslee > 2024-05-09 00:06 | Report Abuse

Forget about jaks. Come back only in year 2030.

Posted by Just88 > 2024-05-09 00:09 | Report Abuse

Depreciation is a bigger amount as it is based on the entire cost of the solar project while loan repayment is based on the loan taken which may be on 60 -70% financing. In any case, the Bankers always play safe.

Posted by Sslee > 2024-05-09 00:33 | Report Abuse

2023:2022
RM: RM
Administrative expenses (100,334,580) (98,804,553)

Posted by Sslee > 2024-05-09 07:30 | Report Abuse

Know why JHDP 25% equity 75% loan reported very good profit but can't pay good dividend.
Bankers play safe wants their money back with interest in 10 years and you can have your plant for 25 years.

Or maybe China Partner depressed Jaks of money to take up the addition 10% option.

Posted by Sslee > 2024-05-09 07:36 | Report Abuse

Jaks will be look like a fool if they spend more money or taking up more borrowing for new Project/MOU when they did not take up the addition 10% JHDP that gave Jaks so much share of profit.

Posted by Sslee > 2024-05-09 08:08 | Report Abuse

Investment in Joint Ventures (“JV”) (Cont’d)
(b) Summarised adjusted statements of profit or loss and other comprehensive income
2023: 2022
RM: RM
Adjusted profit for the financial year,representing total comprehensive
income for the financial year 436,865,607: 520,633,162
Included in total comprehensive income are:
Revenue 2,615,472,587: 2,553,073,558
Amortisation/Depreciation (327,852,531): (317,750,163)
Interest income 3,176,777: 3,493,288
Interest expense (469,976,824): (265,209,747)
Taxation (6,504) (17,199)

Is JHDP free cash flow enough to pay borrowing principal?
Note: interest payment is RM 469,976,824 and as 31/12/2023 current borrowing is RM 711,609,518 and non current borrowing RM 3,972,787,018

Can JHDP afford to pay dividend for year 2024?

Have a second look at jaks only after year 2030.

Posted by Johnchew5 > 2024-05-09 08:14 |

Post removed.Why?

Posted by MrFox > 2024-05-09 08:49 | Report Abuse

Have a second look at jaks only after year 2030.


a good piece of advice

Posted by Johnchew5 > 2024-05-09 09:06 |

Post removed.Why?

Posted by Johnchew5 > 2024-05-09 09:08 |

Post removed.Why?

Posted by Johnchew5 > 2024-05-09 09:11 |

Post removed.Why?

Posted by joyvest > 2024-05-09 09:30 | Report Abuse

who got stuck on Jaks with the current pathetic share price of 13 ? .By the end of this year , it is expected to become a penny stock

Posted by joyvest > 2024-05-09 09:33 | Report Abuse

No matter how cheap the PP price would be, no one is interested to subscribe for it . The PP exercise is destined to be doomed

Posted by joyvest > 2024-05-09 09:39 | Report Abuse

No matter how their QR is reflected , it doesnt change the perception of the investors towards this hopeless counter.

Posted by Just88 > 2024-05-10 14:32 | Report Abuse

Expected cash inflow in 2024 includes private placement 28m, JHDP retention money 69m, and dividend from JHDP 48m. Bank borrowings due for repayment in 2024 is 74m and 42m in 2025. Thus, positive cash flow for 2024 and 2025. Projected cash flow deficits for the following 4 years total around RM90m which is manageable thru refinancing into 2030 where huge dividend is expected from JHDP after its loans were fully repaid.

Posted by tssl74 > 2024-05-10 15:05 | Report Abuse

@Just88,
are you holding?

Posted by Just88 > 2024-05-10 15:33 | Report Abuse

Stock: [JAKS]: JAKS RESOURCES BERHAD

2 days ago | Report Abuse

Only for those who have earlier followed my strategy "sell now buy back later" and sold at 0.19-0.20, I wish to inform that I m buying back now.

Posted by Sslee > 2024-05-10 15:41 | Report Abuse

Know what is Jaks yearly Administrative expenses?

Posted by MrFox > 2024-05-10 15:54 | Report Abuse

not interested! as only after year 2030.
haha

Posted by Sslee > 2024-05-10 15:58 | Report Abuse

Current liabilities as at 31/12/2023
Trade payables: RM 238,421,953
Other payables: RM 231,693,290

So enough cashflow for above?
If not enough, no worries more PP or RI coming.

Posted by Just88 > 2024-05-10 16:52 | Report Abuse

You forgot to mention the receivables ??

Posted by Lee Ying Yee > 2024-05-14 15:38 | Report Abuse

pp n pp again will become rubbish stock ???

Posted by xiaoeh > 2024-05-14 15:44 | Report Abuse

is pp good? Lee Ying Yee

Posted by Silentreader88 > 2024-05-14 16:03 | Report Abuse

company management is so incompetent. PP at 12.5 still alot subscriber throwing at 13cents. then, we can call Jaks resources as typical rubbish company and stock

Posted by Lee Ying Yee > 2024-05-14 16:15 | Report Abuse

last year all pp all dead ?

Posted by Silentreader88 > 2024-05-14 17:04 | Report Abuse

pp with company ppl incompetent yes dead.

Posted by Silentreader88 > 2024-05-14 17:07 | Report Abuse

today 39 million unit changing hand at 13c. likely they are pp subsriber

Posted by Sslee > 2024-05-14 17:30 | Report Abuse

entries
Search:
Ann. Date
Date
Type
Units
Price
View
14-May-2024 15-May-2024 Private Placement 180,700,000 0.120 Additional Listing Detail

180.7 million PP at 12 sen listed 14 May 2024 and immediately sold at 13 sen for 1/12 =8.33% gain

Posted by Johnchew5 > 2024-05-14 18:50 | Report Abuse

JAKS
0.130
-0.005 (-3.7%)
Additional Listing Announcement /Subdivision of Shares

JAKS RESOURCES BERHAD

1. Details of Corporate Proposal

Involve issuance of new type/class of securities ? No
Types of corporate proposal Private Placement
Details of corporate proposal PRIVATE PLACEMENT OF UP TO 10% OF THE TOTAL NUMBER OF ISSUED ORDINARY SHARES IN JAKS ("PRIVATE PLACEMENT")
No. of shares issued under this corporate proposal 180,700,000
Issue price per share ($$) Malaysian Ringgit (MYR) 0.1200
Par Value($$) (if applicable)
Latest issued share capital after the above corporate proposal in the following

Units 2,550,550,544
Issued Share Capital ($$) Malaysian Ringgit (MYR) 1,146,788,621.000
Listing Date 15 May 2024


Remarks :
This announcement is dated 14 May 2024.

Posted by xiaoeh > 2024-05-14 18:52 | Report Abuse

Mike, u got subscribed?

Posted by Johnchew5 > 2024-05-14 19:37 |

Post removed.Why?

Posted by xiaoeh > 2024-05-14 21:12 | Report Abuse

what is that?
share share leh...

Posted by Sslee > 2024-05-15 07:15 | Report Abuse

Sorry my mistake the 180.7 million PP new shares listing date 15 May 2024.
Will PP subsribers sell their shares today for 1 sen gain?

Posted by Silentreader88 > 2024-05-15 08:31 | Report Abuse

39 out of 180 mill already out. if they sell at 12c definitely they are at loss. Let see how desperate are they today and wether got enough buyer at 13c

Posted by Aldous47 > 2024-05-15 09:26 | Report Abuse

12 cents is the bottom?

Posted by Sslee > 2024-05-15 09:59 | Report Abuse

Once upon a time some one use his pasar malam TA tool and predict that floor 19 is the bottom.

Posted by Sslee > 2024-05-15 10:02 | Report Abuse

Posted by MrHuangBK > May 15, 2024 7:21 AM | Report Abuse
Only 60% subscribed

Does this mean another batch of PP coming?
This time what will be the PP price for the second batch?

Posted by Huangbk72 > 2024-05-15 10:09 | Report Abuse

Jaks all eggs in 1 basket - VN power generation.

This latest batch of PP is for cash flow while waiting for improvement from VN operations.

Next PP or not, depends if VN profit picks up or new business for Jaks

Either way..., 19c is the far far away target to reach

Posted by Sslee > 4 minutes ago | Report Abuse

Posted by MrHuangBK > May 15, 2024 7:21 AM | Report Abuse
Only 60% subscribed

Does this mean another batch of PP coming?
This time what will be the PP price for the second batch?

Posted by Realrich > 2024-05-15 10:21 | Report Abuse

PP 0.12 diluted wait 0.11 buy back