JAKS RESOURCES BERHAD

KLSE (MYR): JAKS (4723)

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Last Price

0.185

Today's Change

-0.005 (2.63%)

Day's Change

0.17 - 0.19

Trading Volume

66,438,100


39 people like this.

64,518 comment(s). Last comment by Mikecyc 4 hours ago

Posted by Silentreader88 > 2 months ago | 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

Aldous47

168 posts

Posted by Aldous47 > 2 months ago | Report Abuse

12 cents is the bottom?

Sslee

5,470 posts

Posted by Sslee > 2 months ago | Report Abuse

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

Sslee

5,470 posts

Posted by Sslee > 2 months 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?

Huangbk72

4,889 posts

Posted by Huangbk72 > 2 months ago | 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?

Realrich

1,410 posts

Posted by Realrich > 2 months ago | Report Abuse

PP 0.12 diluted wait 0.11 buy back

xiaoeh

2,425 posts

Posted by xiaoeh > 2 months ago | Report Abuse

Realsifu says buy i buy

Realrich

1,410 posts

Posted by Realrich > 2 months ago | Report Abuse

Wait 0.11

Windy1974

731 posts

Posted by Windy1974 > 2 months ago | Report Abuse

JAKS shareholders are in a catch 21 situation here. The losses are so much that they felt pointless to sell. I am glad my friend sold his AT with more than 90% losses. Remember KYY posting in front of AT? If KYY was naive, then he was not wronged. But i believe he is quite smart lah. Anyway!
JAKS jewel is VN powerplant. However, everything else was bleeding cash. Hopefully LSS4 is positive cash flow lah. More PPs are inevitable. Whether this is ALP's smart move or not yet to be seen. Either way, JAKS would suffer short to mid term unless VN powerplant distribute dividends. Would they? This situation reminds me of Muhibbah. On paper, Muhibbah makes tons of money from Cambodia airport concessions. Have they seen the money after so long? This is like SSlee kept bragging about how much Insas's worth but can see but not touch. Of course, now he can start complaining after he no longer making losses in Insas shares. Another classic example how our judgements/comments are distorted by our interests

Posted by Silentreader88 > 2 months ago | Report Abuse

180 Mill PP, disposed :
Yesterday 39mill
Today 48mill

So i think need to wait those panic subsriber to dispose all then only price can up.

Sslee

5,470 posts

Posted by Sslee > 2 months ago | Report Abuse

Every year I attended Insas AGM and complaint why can't BOD give a reasonable and fair dividend.
I'm still holding 400k+ Insas and looking to top up at below RM1 then Below RM0.9.

Sslee

5,470 posts

Posted by Sslee > 2 months ago | Report Abuse

A 25 year VN power plant with 25 year depreciation but the 75% loan bankers play safe and want their money + high interest back in 10 years.

So can report good profit but not enough cash flow to pay good dividend

MrFox

1,215 posts

Posted by MrFox > 2 months ago | Report Abuse

Sslee@@
Are u sad or happi that the mouse is now in Jaks cell??!!!!

haha

Sslee

5,470 posts

Posted by Sslee > 2 months ago | Report Abuse

I am here only giving some figures and hope people can think for themselve and not misled by the Mike-tikus.

Johnchew5

10,635 posts

Posted by Johnchew5 > 2 months ago | Report Abuse

Hoho really laugh live me lo … Konartist Lee whom stucked High in Jaks since 2017 .. hohoho

Johnchew5

10,635 posts

Posted by Johnchew5 > 2 months ago | Report Abuse

Hoho , play Kon maths ke .. outstanding than yr idol Conartist Callvin lo .. hohoho …

Posted by Sslee > 20 hours ago | 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

MrFox

1,215 posts

Posted by MrFox > 2 months ago |

Post removed.Why?

Johnchew5

10,635 posts

Posted by Johnchew5 > 2 months ago | Report Abuse

Hoho .. haha oredi posted much earlier as Vietnam had sentenced 2 well known businessmen/ lady on Corruption ( not from Utilities/ Power industry) , let’s see coming QR by this month ….

Johnchew5

10,635 posts

Posted by Johnchew5 > 2 months ago | Report Abuse

Hoho .. Konartist Lee taken wrong medicine as in Bplant case ?


1.) On Bplant :


After Lee dumb dumb hold Bplant did not sell at RM 1.20 n above , suddenly dumb dumb sold at ard RM 0.67 with Cost ard RM 0.67 ( holding since 2017 ) . The price is rebounded from RM 0.64 to RM 1.01 within 11 Days .


Lee must be amm dui liaw , became a Negative commentator in Bplant forum , saying Shl be dropped below RM 0.60 , what a joker le or sot2 le , hahahaha.


More Amm dui lee as Last Price is RM 1.57 before Privatisation delisted….

Johnchew5

10,635 posts

Posted by Johnchew5 > 2 months ago | Report Abuse

Hoho .. KonartistLee idol Conartist Callvin blowing n twisting, lying on facts to do Promotion.. but never Partner with Professional Kon with many aka id and Name to do Promotion..

Seems he is most shameless Kon … hohoho ..

Johnchew5

10,635 posts

Posted by Johnchew5 > 2 months ago | Report Abuse

Hoho .. konartist also taken wrong medicine in Capital A since more than a year ago … until Now …hohoho .

Just88

486 posts

Posted by Just88 > 2 months ago | Report Abuse

Just think for a second why so many buyers in these 2 days and yet the PP was undersubscribed.

Sslee

5,470 posts

Posted by Sslee > 2 months ago | Report Abuse

The actual number of Placement Shares to be issued shall not exceed 10% of the total number of Shares in issue at any point in time. Subject to the prevailing market conditions and depending on investors’ interest at the point of implementation, the Proposed Private Placement may be implemented in a single or multiple tranche(s) within 6 months from the date of approval of Bursa Malaysia Securities Berhad (“Bursa Securities”) for the Proposed Private Placement or such other approved extended period. As such, there could potentially be several price fixing dates depending on the number of tranches and timing of implementation.

Most likely after sharks sold all their PP shares then another tranche of PP again.

Sslee

5,470 posts

Posted by Sslee > 2 months ago | Report Abuse

Buyers think 12 sen is the bottom.
Sellers sold 12.5 sen and think he can subscribe to another tranche of PP at cheaper price.

Just88

486 posts

Posted by Just88 > 2 months ago | Report Abuse

On the contrary, the sharks are buying not selling. The sharks being connect persons cannot subscribe for the PP, so they have to buy from the market when the pp subscribers were selling for a penny gains.

Sslee

5,470 posts

Posted by Sslee > 2 months ago | Report Abuse

Insiders need to report any buying or selling.
So did you see any report of insiders buying or selling?

Just88

486 posts

Posted by Just88 > 2 months ago | Report Abuse

connected persons no need to report

Just88

486 posts

Posted by Just88 > 2 months ago | Report Abuse

like brothers, sisters, cousins, relatives and friends

Bullcoming

848 posts

Posted by Bullcoming > 2 months ago | Report Abuse

Jaks landed in this situation mainly is caused by poor management

Johnchew5

10,635 posts

Posted by Johnchew5 > 2 months ago | Report Abuse

Hoho .. you learned something on Privasia 1st Time PP now .. cheers





Johnchew5
10,296 posts

Posted by Johnchew5 > 2 days ago | Report Abuse

Hoho .. learned something from Privasia recently 1st Time PP …..

xiaoeh
2,283 posts

Posted by xiaoeh > 2 days ago | Report Abuse

what is that?
share share leh...

Johnchew5

10,635 posts

Posted by Johnchew5 > 2 months ago | Report Abuse

Hoho Pokkai Kon Fox aka Demusang aka 123theman aka Musang King also Loss Naked in Fintech …


Netx — Fintech ( mother ) — Adamas HK stock / Nasdaq ( Grandma )

Now Loss 3 sen , cry mama cry papa wow

“ Words of Wisdom “ 🤥🤣🤣🤣

Johnchew5

10,635 posts

Posted by Johnchew5 > 2 months ago | Report Abuse

Hoho Pokkai Kon Fox.. 3 sen can ahmoing in Jln Alor ke.. 🤣🤣🤣

Posted by ValueInvestor888 > 2 months ago | Report Abuse

why waste time in jaks? there are so many good companies with good mgt to invest. If you switch Jaks to say YTLP half year ago, you make back 3 times...Never invest in company where mgt is lousy and cannot deliver...

xiaoeh

2,425 posts

Posted by xiaoeh > 2 months ago | Report Abuse

Mike
are u buying Privasia?

Johnchew5

10,635 posts

Posted by Johnchew5 > 2 months ago | Report Abuse

Hoho Yes .. I made Profit in 2015 .. but is bought at Half Way Uptrend… Hope this time can catch the starting level of Uptrend… hohoho


Posted by xiaoeh > 2 minutes ago | Report Abuse

Mike
are u buying Privasia?

Johnchew5

10,635 posts

Posted by Johnchew5 > 2 months ago | Report Abuse

Hoho YTLpower price is Pressed down for more than 10 years … all Projects is given good returns although Debt to Equities is High … but Gearing Ratio is not High …just Financial Ratio gimmick..

Hoho did you bought when OTB is argued with Blower Pang72 who Promoted YTLpower First… OTB promoted at RM 1.10 lo ….

Johnchew5

10,635 posts

Posted by Johnchew5 > 2 months ago | Report Abuse

Hoho as for Jaks … thing is getting better .. but as posted much earlier… hope no Bad News from Vietnam on Corruption … let’s wait n see coming QR by this month …

xiaoeh

2,425 posts

Posted by xiaoeh > 2 months ago | Report Abuse

Posted by Johnchew5 > 3 minutes ago | Report Abuse
Hoho did you bought when OTB is argued with Blower Pang72 who Promoted YTLpower First… OTB promoted at RM 1.10 lo ….

u talking to me whether i bought YTLP...?
no

Johnchew5

10,635 posts

Posted by Johnchew5 > 2 months ago | Report Abuse

Hoho sorry is Not you …

xiaoeh

2,425 posts

Posted by xiaoeh > 2 months ago | Report Abuse

👌

SomaCruz89

305 posts

Posted by SomaCruz89 > 2 months ago | Report Abuse

Ularbodo a.k.a. MrFox not yet mampoi???

Johnchew5

10,635 posts

Posted by Johnchew5 > 2 months ago | Report Abuse

Hoho Privasia had been 6 year in a row in Loss .. until being awarded a Gov project contract RM 1.2 Billion ( 2 zone ) on 2022 just before GE … finally is concrete as being further awarded same Project (different zone )with value over RM 42 million on October 2023 …hohoho

Johnchew5

10,635 posts

Posted by Johnchew5 > 2 months ago | Report Abuse


Kementerian Komunikasi
https://www.kkd.gov.my › news

Privasia's RM50.3mil Order Book Skyrockets After Bagging RM1.2bil MCMC jobs

11 Oct 2023 — Privasia said it had won the RM1.2 billion contracts in a consortium with Apex Communication Sdn Bhd from the Ministry of Communications and ...

Johnchew5

10,635 posts

Posted by Johnchew5 > 2 months ago | Report Abuse

Hoho this Pokkai Fox is a bit Sot Sot de ke … post n delete…

Privasia price never move ? YTLpower price is not moving Up over last 10 years lo .. just pressing down lo ..

Pity this Pokkai Fox must be no money ahmoing lo .. sampai terencat Otak lo … hohoho

Johnchew5

10,635 posts

Posted by Johnchew5 > 2 months ago | Report Abuse

Hoho Pokkai Fox really no money to Ahmoing in Jalan Alor ..post n delete again .. Otak terencat… hohoho ..

Johnchew5

10,635 posts

Posted by Johnchew5 > 2 months ago | Report Abuse

Hoho On Jaks … when I gone thru the Top 30 list .. I am curious and feel strange : CEO is holding 14 % , no other substantial shareholder, even his brother is with 0 % , others individual investors only 0.5 % .

I am doing bottom Fishing at RM 0.185 … Up to RM 0.215 , then did investing since July 2023 at RM 0.19 … the Price is Up to RM 0.245 on 1/9/2023 ( PP is listed on July 2023 )

Thinking again n try to match piece by piece… During I am posting in Bahvest last year .. someone warned me Ang family is Famous in Jenjarom .. related to Society… most of the relatives are in the place .

Sslee

5,470 posts

Posted by Sslee > 2 months ago | Report Abuse

Somone trying hard to con people abt Privasia on jaks forum😱.

Johnchew5

10,635 posts

Posted by Johnchew5 > 2 months ago | Report Abuse

Hoho on KonartistLee posted that Banks are not confident on Jaks , that’s why the Loans payment term in 10 years , not in 25 years .

Nowadays he is too lonely working in Indonesia palm oil forest taking wrong medicine:

1.) which company borrowed from the China Banks ?

2.) What is the Tax exemption period ? Hohoho

Johnchew5

10,635 posts

Posted by Johnchew5 > 2 months ago | Report Abuse

Hoho On Privasia : the 1st Time PP , 3 tranche PP is listed oredi , 4th tranche PP price is fixed on this week .. Very Fast moving , Why ?

The 1st Tranche PP price is RM 0.093 .. Privasia price is RM 0.11 today …

Sslee

5,470 posts

Posted by Sslee > 2 months ago | Report Abuse

Once upon a time when we do a China project we demand to be paid back in 5 years time. So first 5 year only pay bank interest (no principal payment) because interest is tax deductible and profit from the first 5 years all go back to investor as dividend.

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