Posted by Mikecyc > 2024-06-09 12:53 |

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Posted by MrFox > 2024-06-09 12:57 | Report Abuse

better sell now

Posted by StartOfTheBull > 2024-06-09 13:07 | Report Abuse

But very busy with Jaks.


Sslee

5,138 posts

Posted by Sslee > 1 hour ago | Report Abuse

I'm not even bother to look at SCIB price, I am busy q buying Jayatiasa.

Posted by Sslee > 2024-06-09 13:18 | Report Abuse

Just a LSS4 50MW already hutang keliling pinggang (quarter profit before tax RM 0.96 million) where got any bank want to lend any money to jaks for LSS5 500MW. Meanwhile the 30% JHDP contributed share of profit RM 32.384 million last quarter.

By the way did Mike-tikus know LSS4 with quarter profit before tax of RM 0.96 million is this enough for repayment of loan principal?

Posted by Mikecyc > Jun 9, 2024 12:26 PM | Report Abuse
Haha oh on Jaks additional 10 % Option in Vietnam Power Plant, why No news :
1.) Look into the interest rate .
2.) look into the Taxes exemption time line .
3.) look into the currency exchange rate ..
4.) look into LSS5 Local Gov project 2000MW .. each bidder can bid up to 500MW .. project capital is estimated RM 1.8 Billion..not like LSS4 50MW .

Posted by Mikecyc > 2024-06-09 13:49 |

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Posted by Mikecyc > 2024-06-09 13:53 |

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Posted by Mikecyc > 2024-06-09 13:58 |

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Posted by Sslee > 2024-06-09 14:07 | Report Abuse

From last year AGM minutes.
Any provisions and impairments of the Group will be done in accordance with accounting standards. Meanwhile, we do not foresee any problems with collections as bulk of the receivables are mainly from secured construction jobs from the government and JHDP.

Annual report page 28
2023: 2022
RM: RM
Impairment losses on:
Contract assets 4,363,44
- Trade receivables 8,701,306: 5,099,410
- Other receivables 27,668,257: 18,737,258

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.

Anyone dare to hold BOD responsible, accountable and answerable for what they had said/promised during the last AGM?

Posted by Mikecyc > 2024-06-09 16:46 |

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Posted by Mikecyc > 2024-06-09 16:57 |

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Posted by Mikecyc > 2024-06-09 17:05 |

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Posted by Mikecyc > 2024-06-09 17:11 |

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Posted by Mikecyc > 2024-06-09 17:12 |

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Posted by Mikecyc > 2024-06-09 17:14 |

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Posted by Mikecyc > 2024-06-09 17:20 |

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Posted by Sslee > 2024-06-09 19:12 | Report Abuse

Mike-tikus talk so much and blow water about 1 sen up down is 5 or 6 digits gain/loss but when come to AGM still no questions ask?

By the way previously Mike-tikus's pasar malam TA said floor 19 is the bottom floor and hence:
Jaks : bottom fishing at RM 0.185 .. Up to RM 0.215 .. invested on July 2023 at RM 0.19 .. Up to RM 0.245 on 1/9/2023 ..

Posted by Mikecyc > Jun 8, 2024 9:33 PM | Report Abuse
Haha however konartist sslleee is my Bright 🕯️ Light le :
1.) My 1st case study catch the Bottom of RM 0.56 in Capital A .
2.) Jaks : bottom fishing at RM 0.185 .. Up to RM 0.215 .. invested on July 2023 at RM 0.19 .. Up to RM 0.245 on 1/9/2023 ..
3.) Instead of Averaging Down .. I bought Privasia …

Posted by Mikecyc > 2024-06-09 19:42 |

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Posted by Mikecyc > 2024-06-09 19:48 |

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Posted by Mikecyc > 2024-06-09 21:30 |

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Posted by StartOfTheBull > 2024-06-10 09:56 | Report Abuse

Today Mike another lobster dinner. SSLee Tikus also have Bintang beer, not bad for SCIB.😁

Posted by pang72 > 2024-06-10 10:01 | Report Abuse

Power station is the next trending regardless big or small from ytlpower. Tenaga, ranhill, MALAKOF to JAKS

Posted by pang72 > 2024-06-10 10:04 | Report Abuse

JAKS will back to 52weeks high 24.5c soonest than everybody thought..
This Friday OK!

Posted by Silentreader88 > 2024-06-10 10:05 | Report Abuse

hihi. Tq panic chicken for your 0.02 warrants

Posted by Hoottttttt > 2024-06-10 10:06 | Report Abuse

So many AI big player wanna invest in Malaysia, no wonder Mr Market looking Jaks as 1 of the hidden gem, bright future for solar development in Malaysia.

Posted by pang72 > 2024-06-10 10:08 | Report Abuse

Data center would require tremendous electricity across the global regardless where you are....

Singapore will import green electricity from SEAhttps://www.reuters.com/business/energy/singapore-expands-low-carbon-power-import-agreements-2023-10-24/

So, even JAKS coal fire plant is up most important for Vietnam to sustain the living

Posted by pang72 > 2024-06-10 10:10 | Report Abuse

Coal fire plant in Vietnam and solar energy in malaysia shld turn around JAKS
In super cheap valuation 17.5c

Posted by rogers123 > 2024-06-10 10:10 | Report Abuse

Buy BUy BUY BUY

Posted by pang72 > 2024-06-10 10:11 | Report Abuse

So the cheapest power plant stock 1200MW in the world is Jaks

Posted by Mikecyc > 2024-06-10 10:16 |

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Posted by Mikecyc > 2024-06-10 10:18 |

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Posted by StartOfTheBull > 2024-06-10 10:26 | Report Abuse

Surprised contra king Pang72 also jumped on the bandwagon.

Posted by autoven > 2024-06-10 10:36 | Report Abuse

why cheap now? management issue?

Posted by autoven > 2024-06-10 10:37 | Report Abuse

Why every year Q4 losing money? cashing out?

Posted by Mikecyc > 2024-06-10 10:50 |

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Posted by Alasako > 2024-06-10 11:09 | Report Abuse

wow powerful jaks

Posted by StartOfTheBull > 2024-06-10 11:10 | Report Abuse

SSLee Tikus very quiet already?

Posted by pang72 > 2024-06-10 11:14 | Report Abuse

18c is selling like hot cake

Posted by pang72 > 2024-06-10 11:14 | Report Abuse

19c, 20, 24.5c mari

Posted by pang72 > 2024-06-10 11:17 | Report Abuse

If you wanna think power station is scam business
Ten, you approach Vietnam government spendubg 5years to lobby to get approval and funding, then spend another 5 years to get the plant up and run...

Who the hell want to try?


Bought 17.5c JAKS cheap cheap ticket better la...since power shortage now for data center

Posted by pang72 > 2024-06-10 11:27 | Report Abuse

JAKS pp to key investor but not offer right issue..
So, retailers eat shit...
Insiders gets 12c pp... For funding future project energy storage..

Posted by pang72 > 2024-06-10 11:29 | Report Abuse

Good project coming issue pp to cronies
No project issue right to shareholder

Posted by joyvest > 2024-06-10 12:14 | Report Abuse

The sudden surge is believed to be unstainable.. Jaks is going to issue more and more shares thereby ballooning its share base further to the detriment of shareholders' interest. Jaks has never rewarded its shareholders with dividends in the past despite huge profits were reported ( not sure if the profits were genuine or not ). All they know is to continue issuance of more and more shares ever and ever.

Posted by Sslee > 2024-06-10 12:22 | Report Abuse

The problem with jaks is the incompetant management wasting all the money in lose making local projects and yearly impairment losses on trade and other receivables.

Just cannot understand why management did not take up the addition 10% option on their golden goose JHDP.

Posted by joyvest > 2024-06-10 12:23 | Report Abuse

No issuance of RI is expected as shareholders are not keen to subscribe for given of a number of " wolves howling " in the past. Shareholders are said to be no longer trusting the Management anymore. PP is the only means of raising fund now while external funding is out of question given the pathetic shape of the company.

It looks cheap but the cheapest has yet to come .. It is basically unstainable.

2 seconds ago

Posted by Mikecyc > 2024-06-10 12:24 |

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Posted by Mikecyc > 2024-06-10 12:26 |

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Posted by Mikecyc > 2024-06-10 12:29 |

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Posted by Mikecyc > 2024-06-10 12:29 |

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Posted by joyvest > 2024-06-10 12:30 | Report Abuse

Their decision not to take up the addition 10% option on their golden goose JHDP has insinuated that they have difficulty to raise funds be it internal and/or external funding. The only means of raising funds to them now is left with " PP" . It remains to be seen as to whether they can succeed in raising funds through PP with the current pathetic share price

Posted by joyvest > 2024-06-10 12:36 | Report Abuse

Mickey mouse , there is no need to divert the attention by resorting to personal harassment and spitting gibberish here. The readers are discerning to be able to judge for themselves.