By the way Mike-tikus unashamedly using misinformation, fake facts and figures to promote jaks non-stop 24/7/365 for more than a year and half now and luckily no-one falls for his misinformation, fake facts and figures.
Jaks 9 months ended 30 Sept 2024 RM '000 (Increase)/Decrease in working capital Contract assets 13,517 Trade and other receivables 17,671 Trade and other payables (43,024)
The above mean Only RM 13,517,000 contracts assets received payment Only RM 17 671,000 receivables received paymemt And Jaks pay RM 43,024,000 on payables
As at 30 Sept 2024 RM'000 Contract assets 88,513 Trade and Other Receivables 397,921
So get ready for Q4 ended 31/12/2024 Big impairment of contract assets, Trade and Other Receivables.
After a long break , I just pop in to see what is happening . It is traded at 0.13 now , very close to my prediction of penny stock by the end of this year. There are still a few days to go for Year 2024. Jaks is destined to be doomed and has been ditched/side lined by most investors. It is said that the profits shown in the books and records are purportedly fabricated. Hence they never intend to pay cash dividend to shareholders , not in a million years....
KUALA LUMPUR (Dec 6): JAKS Resources Bhd (KL:JAKS) said its indirect subsidiary MNH Global Assets Management Sdn Bhd has filed for the establishment of a medium-term note (MTN) programme of up to RM250 million with the Securities Commission Malaysia.
Public Investment Bank Bhd is the principal adviser, lead arranger and lead manager for the MTN programme.
As at 31/12/2023 MNH Total assets RM 330,369,904 Total liabilities RM 401,404,457 Totol equity/net assets RM (71,034,553)
MNH is a PN17 company. Will Public Investment Bank Bhd able to find any investors for the MNH RM 250 million medium-term note (MTN)?
Hoho let’s see see look look on the LSS5 tender winners outcome …tender dateline 25/7/2024 … EC is scheduled to announce the Winners by November 2024 … anticipating now is by December 2024 ….
Hoho >>> Mnh Global Assets Management Sdn. Bhd. is a company in Malaysia, with a head office in Petaling Jaya. It operates in the Other Activities Related to Real Estate industry. The company was established on June 08, 2000. From the latest financial highlights, Mnh Global Assets Management Sdn. Bhd. reported a net sales revenue increase of 9.14% in 2022. There was a total negative growth of 5.62% in Mnh Global Assets Management Sdn. Bhd.’s total assets over the same period. The net profit margin of Mnh Global Assets Management Sdn. Bhd. increased by 62.14% in 2022.
Headquarters Unit B-09-28, Tower B Pacific Towers, Jalan 13/6, Section 13 Petaling Jaya; Selangor; Postal Code: 46200
Hoho referring to ur promoted Pump n Dump SCIB ke … blowing TP RM 1.00 by early 2025 …QR ended September 2024 is in Loss … going to be in PN17 ke with High DE…😱🤔
—-
Posted by Sslee > 14 hours ago | Report Abuse
KUALA LUMPUR (Dec 6): JAKS Resources Bhd (KL:JAKS) said its indirect subsidiary MNH Global Assets Management Sdn Bhd has filed for the establishment of a medium-term note (MTN) programme of up to RM250 million with the Securities Commission Malaysia.
Public Investment Bank Bhd is the principal adviser, lead arranger and lead manager for the MTN programme.
As at 31/12/2023 MNH Total assets RM 330,369,904 Total liabilities RM 401,404,457 Totol equity/net assets RM (71,034,553)
MNH is a PN17 company. Will Public Investment Bank Bhd able to find any investors for the MNH RM 250 million medium-term note (MTN)?
The proceeds from the issuance of the MTNs under the MTN Programme shall be utilised for the following purposes: a. to refinance the Issuer’s existing financings/borrowings, including to redeem/pay any outstanding MTNs issued under the MTN Programme (in whole or in part) and any part of interest/ coupon of the borrowings/ MTNs; b. to fund capital expenditure of the Issuer and/or the relevant obligor of the MTN Programme in relation to the management of Evolve Concept Mall, Pacific 63 commercial lots and such other properties to be identified and agreed between MNH Global, the Lead Arranger/Lead Manager and the identified subscriber of the MTN;
Summarised statements of financial position as at 31 December 2023: FP MNH Total RM RM RM Non-current assets 232,040,920 324,605,814 556,646,734 Current assets 910,656 5,764,090 6,674,746 Total assets 232,951,576 330,369,904 563,321,480 Current liabilities 221,684,498 204,961,046 426,645,544 Non-current liabilities 64,635,068 196,443,411 261,078,479 Total liabilities 286,319,566 401,404,457 687,724,023 Total equity (53,367,990) (71,034,553) (124,402,543)
Summarised statements of profit or loss and other comprehensive income for the financial year ended 31 December 2023: FP MNH Total RM RM RM Revenue 4,167,025 6,096,978 10,264,003 Expenses including taxation (10,817,016) (6,740,356) (17,557,372) Net loss for the financial year, representing total comprehensive loss for the financial year (6,649,991) (643,378) (7,293,369)
MNH as at 31/12/2024 Current liabilities RM 204,961,046 Non-current liabilities RM 196,443,411
The MNH RM 250 million medium-term note (MTN) can hardly cover the MNH Current liabilities RM 204,961,046 and how many of Non-current liabilities RM 196,443,411 become due in 2025?
Hoho what happened to Crescendo.. so Low Profits on the Land Sale ? Self Enrichment ke ???
Jaks is Better le ..
JAKS Resources to dispose of oil palm land in Penang for RM77.7 mil By Choy Nyen Yiau / theedgemalaysia.com 09 Sep 2024,
In a filing with the stock exchange, the construction and power utilities group said it is selling four plots of the land to Summersonic Sdn Bhd for RM35.9 million, and the remaining 13 plots to Pacific Arena Sdn Bhd for RM41.8 million. JAKS Resources said the land located in Seberang Perai Selatan had a net book value of RM15.97 million as of the end of December 2023. The group expects a net pro forma gain of RM50.38 million from the disposal.
—- Stock: [CRESNDO]: CRESCENDO CORPORATION BHD 17 hours ago | Report Abuse Crescendo selling another 18 acres in NCIP for rm 120 million, or m 150 per sf (rm 6.5 million per acre), net profit is rm 62 million or 7 sen per share.
Hoho someone shy away from YTLpower forum after he challenged OIB on SWOT analysis in Investing.. but he himself cannot provided the facts n figures… bla bla bla saying how to provide ???? 🤣🤣🤣🤔
Me long ago already sold jaks for my free bintang beer.
Only kasien Mike-tikus trapped high in Jaks and had to hard sell his jaks with misinformation, faked facts and figures to lure any newbie to buy high from him to no avail.
I will only have a second look at jaks in year 2030 hopefully jaks will still here unlike Xingquan
Jaks : catched the Bottom Fishing at RM 0.185 on April 2023 ( 👉 after Sslleee posted sold Jaks on April 2023 since 2017 ) ... Up to RM 0.225 in 2 months .. then invested at RM 0.19 on July 2023 .. Gap Up on 1/9/2023 to RM 0.245 …
As said earlier 2025 Shl be Jaks year .. since LSS5 Tender RFP dateline is brought forward to 25/7/2024 from December 2024 .. focus back to Jaks .
Haha, For someone never win in investing to earn about 270k+ dividend alone in a year and now still holding million in jayatiasa. I must be a very lucky man unlike someone trapped high in jaks and very shy to tell how many million jaks share he is holding currently.
When will ALP also come up with MOU for Data ceter?
PRIVA 0.140 +0.005 (+3.7%) MEMORANDUM OF UNDERSTANDING Privasia Technology Berhad [Registration No.: 200801023769 (825092-U)] (PRIVASIA or the Company) Memorandum of Agreement between Privabytes Sdn. Bhd (formerly known as Digital Medtech Solutions Sdn. Bhd.), an indirect subsidiary of Privasia, MARA Incorporated Sdn. Bhd. and FELCRA Berhad.
Introducing MY's First IPO Fund for Sophisticated Investors!
MQ Chat
New Update. Discover investment communities that resonate with your ideas
MQ Trader
M & A Value Partners IPO Equity Fund has been launched - Targeted 13% Return p.a
Latest Videos
0:17
New IPO: ES Sunlogy Berhad, a provider of mechanical and electrical (M&E) engineering services and renewable energy solutions, aims to list on the ACE Market!
MQ Trader 922 views | 6 d ago
0:17
New IPO: Techstore Berhad, an IT security and automation solutions provider, aims to list on the ACE Market!
MQ Trader 842 views | 8 d ago
0:17
New IPO: Richtech Digital Berhad, a distributor of electronic reloads and digital payment solutions, aims to list on the ACE 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
7,455 posts
Posted by Sslee > 2 months ago | Report Abuse
Repost
Stock: [YINSON]: YINSON HOLDINGS BHD
Dec 1, 2024 10:08 AM | Report Abuse
The problem with JHDP is using 10 years term loan to finance the project.
And hence once interest rate increase the FCF after paying interest and loan principal have nothing much to pay the dividend to shareholders.
Total Share of Profit = RM 431.703 Million
Total Dividend = RM 97.386 Million
So smart investors will only come back to have a second look at jaks year 2030.
Meanwhile those no so smart continues to ready your cash for more PP or RI.
By the way the PP investors are smart to subscribe for the PP at discount and then sell the shares back to sharehoders and pocket the profit.
So many rounds of PP but no new substantial shareholder (5% holding).