After reading the Nanyang article, I think that ALP was talking about future financing options not any current financing requirement in particular. He meant that it was one of the financing option available to the company for future plans. But anyway now all the banks also wont simply give loan thanks to covid. they probably cant get a loan even if they wanted. Hopefully they can make good use of their low net gearing for future business expansion.
@investoo 7. During the exclusive interview with Nanyang newspaper on 11 July 2020: Andy Ang pointed out that the company's net gearing ratio as of the end of the fiscal year 2019 is still at a low level of about 0.28. "This gives the company the ability to raise funds through borrowings for future business acquisitions."
If the company can raise funds through borrowing, why proposed rights issues at this covid-19 pandemic time?
Actually, for existing shareholders the RI will benefit them who believe in the company's future prospects and decides to subscribe for their entitlement as it is attractively priced with a discount of more than 50% plus the free detachable warrants. I think that this is attractive for existing shareholders to subscribe to the RI and an opportunity for them to increase their equity participation in the company.
----------------------------------------------------------------------------------------------------------------------------------- @SejukSam for existing shareholders, you will have NO choice but to subscribe to the rights. u will need to cough up extra cash to maintain your shares from a big incoming dilution.
for new punters, only buy after rights are issued.
Jaks's Suke Highway is close to completion( 509mil project). I passed thru Ampang, Selangor a few days ago. 1Q20 results register 75mil Revenue (normal Qr 238mil ) 2Q20 should revert back to 200+mil Revenue bring about 17--25mil profit. Should be out next week
CONSUMER Hai Duong BOT Thermal Power Plant went into commercial operation in late September Moc Tra 12:00 11/08/2020 Under the attention of the leaders of Hai Duong province and the investor speeding up the progress, the Hai Duong BOT Thermal Power Plant in Quang Thanh Commune will be commercially operated by the end of September. . Hai Duong BOT Thermal Power Plant was started construction in 3 years, from 2016. The plant has 2 generator units with a capacity of 600 MW / group, using coal-fired raw materials, with modern combustion technology. ensure environmental factors. When completed, each year, the plant will provide 7.5 billion kWh of electricity to the national grid system, contributing to overcoming the risk of power shortages in the coming time. The factory has a total investment of about 2.2 billion USD, built on an area of nearly 200 hectares in Quang Thanh commune (Kinh Mon district).
Representative of Jaks Power Co., Ltd., the investor unit of Hai Duong BOT Thermal Power Plant, said that at 22:00 on August 7, the company successfully synchronized Unit 1 into the national grid. The unit is running idle. In the coming days, the company will continue to test the reliability of the grid and carry out evaluation activities to put into commercial operation by the end of September. Unit 2 will operate after Unit 1 about 3. month.
Hai Duong BOT Factory Mr. 1 The plant has successfully synchronized unit 1 into the national grid. The Covid-19 translation significantly affected the progress of the project, especially since January, the test run of Unit 1 had to be halted due to lack of Chinese labor experts. However, during the construction and construction of the factory, Hai Duong province identified this as one of the important projects in the province.
Accordingly, the provincial leaders are always interested in directing the functional sectors and Kinh Mon district to step in with the investor to remove difficulties, speed up the project implementation to soon put the factory into operation and achieve effective.
Provincial leaders assessed that the put into operation of the Hai Duong BOT Thermal Power Plant project will have a positive impact on the socio-economic development of Hai Duong province in particular and the country in general.
Buy small if you still worry about Jaks. The power plant is real and I use my one month salary to become Jaks shareholder so that I won’t regret later.
You look at recently so many companies doing 20% private placement. go to shareholders approval to get another 30%. So can issue new placement share up to 50% of total no of issued shares and this private placement only benefit certain shareholders. It will be a huge dilution to the existing shareholders. Definitely jaks would have considered all these options before the BOD decided that rights issue was the best option and considered the interest of existing shareholders. All shareholders can participate at a 50% discounted price together with free warrants. Both major shareholders and minority shareholders have equal opportunity to participate.
Capital contribution contracted but not provided for in respect of shares subscription in JAKS Pacific Power Limited, joint venture of the Group amounted to approximately USD49.14 million or RM210.3 million
Dear all, Let’s celebrate who we are! Let’s celebrate what make us unique! Let’s celebrate humanity’s diversity by appreciating our different cultures, ethnicity, religions and linguistic! I wish all Malaysians, “Selamat Hari Merdeka and Selamat Hari Malaysia.” Have a wonderful weekend and enjoy the holidays.
Additional 2,413,662,345 RI? After the exercise, total no. of share enlarge to 3 billions share! Omg , that's huge! Let said, 200 millios profit from power plant is real. 200 millions / 3 billions share. 10x pe fair value is 66sen.
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....
karimboss
1,168 posts
Posted by karimboss > 2020-08-17 18:10 | Report Abuse
SELL otb punya stock...GG la