Subscription of additional 30.00 million ordinary shares of United States Dollar (“USD”) 1.00 each in JAKS Pacific Power Limited (“JPP”) (“JPP USD Shares”) *1
The construction of the Power Plant, which comprises two 600 megawatt generating units, commenced in the 1st quarter of 2016. As at 30 April 2020, approximately 92% of the overall construction works at the Power Plant site have been completed and a total Project cost (including interests and other related expenses) of USD1,451.00 million have been incurred. The first 600 megawatt generating unit is expected to be completed and to commence generation of power by the 4 th quarter of 2020 whilst the second 600 megawatt generating unit is expected to be completed and commence generation of power by the 1 st quarter of 2021. Following completion of construction of the Power Plant, JPH and CPECC will jointly operate the Power Plant with a 25-year concession under the “build-operate-transfer” structure. The estimated annual output of the Power Plant is 7.5 billion kilowatt-hours, with a maximum installed capacity of 1,200 megawatt.
Dear Aseng, I3lurker is proven right on how to interpret IB report below as Pending RI. Public Bank warning=> "All told, we are still wary over the various dilutive equity fund raisings done so far to meet its liquidity demands and the poor execution especially on its property business.
u make money ur way,no one complains, he make money his way,is fair isnt it? lets all make money, thts the main thing isnt it ? n be happy doing it...i think thats the important thing, dont u ?
Plan Conspiracy.....these DK might already know ahead,..... ask all ‘oversmart investor’ hiding in private group in order to shield themselves from attacker due to highly dilutive right share lolllllllll
I think he might already sold his holdings, just wayang only to call for private group. Since RI announcement just keep quiet till now. Before that like living in here non stop replying and promoting. He just wayang and pretend now to keep his so call 'professional'. Hahaha. If u so pro catch the glove counter already power plant theme? PUI!
@huatRex u r a funny guy,good for u isnt it, all terpesong on the wrong track, u can find easy winners,make ur money, or is it u sore not invited to join the group ? just ask lah, be a man...kikiki
Don worry la, these DK will come out with another super article keep promote Jaks in his newly form private group, a only support DK private group to continue listen to his ‘impressive’ future profit and promising skyrocket share price.
By grouping all Likeminded people into his on purpose private group, its is best and easy get influence and get affected instead of in I3investor public forum which subject to critics on his highly bias promoted stock.
Oversmart Don worry la, these DK will come out with another super article keep promote Jaks in his newly form private group, a only support DK private group to continue listen to his ‘impressive’ future profit and promising skyrocket share price.
By grouping all Likeminded people into his on purpose private group, its is best and easy get influence and get affected instead of in I3investor public forum which subject to critics on his highly bias promoted stock. 22/05/2020 8:54 PM
The announcement... subscribe to the remaining 4% I'm thinking, why they need the money..... Execute the RCPS call option? 5% maybe~ cash flow problem? Does someone want to increase his holding by subscribing to the exceeds RI?
When Star sue Jaks red alarm raised why promoters never highlight?
Posted by YONG > May 22, 2020 9:08 PM | Report Abuse The announcement... subscribe to the remaining 4% I'm thinking, why they need the money..... Execute the RCPS call option? 5% maybe~ cash flow problem? Does someone want to increase his holding by subscribing to the exceeds RI?
Please talk with facts and figures, not wishful estimates.
The fact is that the controlling shareholder screwed the minority shareholders times and again. Endlessly asking for cash injection, although the power plant is expected to make super profits up to billions of ringgit, as many supporters like calculate naively and publish with annoying regularity. The management has long ago lost its credibility.
The figure is RM0.40 per right issue, at a dilutive scale.
Don’t count your future earnings and hoped-for dividends when you first have to hand over money to this vampire.
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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....
BaybieShark
302 posts
Posted by BaybieShark > 2020-05-22 19:04 | Report Abuse
does this mean jaks valued around 40 cents?