Posted by Sslee > 2020-10-06 14:14 | Report Abuse

SarifahSelider sudah pandai cakap:
“Tiada siapa yg nak JIC Fkir fikir kan la” dan
“ Klau capitalized ICD can refuse to participate”

Tapi ICD pandai pandai membeli JAKS punya 51% in JIC untuk 1 ringgit dan bertangguh Audited NL of JIC as at FYE 31 December 2019 of RM 140,953,953.

Berhati-hati la.

Posted by SarifahSelinder > 2020-10-06 14:29 | Report Abuse

Berhati-hati?

As long as JAKS x beri guarantee on behalf of JIC x worries

Posted by SarifahSelinder > 2020-10-06 14:30 | Report Abuse

Think most of d NL is LAD

Posted by SarifahSelinder > 2020-10-06 14:58 | Report Abuse

Check la kat contingent liabilities to see if JAKS beri guarantee to JIC

Posted by ok > 2020-10-06 17:59 | Report Abuse

LTIP AGAIN

Posted by Sslee > 2020-10-07 09:06 | Report Abuse

Good morning SarifahSelinder,
If you believe Author: kltrader then JAKS is the winner and ICD is the real ‘sucker’ and ‘loser’.

https://klse.i3investor.com/blogs/hwangdbs/2020-09-30-story-h1514420330-Jaks_Resources_Closure_of_a_Non_pleasant_Chapter.jsp

Getting More Than Just RM1
Although Jaks is disposing its loss-making property development arm, Jaks Island Circle (JIC) for RM1 only, we still view the deal positively as it will push Jaks back to profitability while easing some of its cash-flow problems. The acquirer will assume all the liabilities related to JIC, while taking control over the Pacific Star project (Office and Residential). Jaks which has a 51% stake in JIC will record a disposal gain of around RM71.9m. The acquirer, Island Circle Development (ICD) owns the remaining 49% stake in JIC. Jaks currently still owns a 100% stake in the business hub (and car park) in Pacific Star and is not included as part of the deal.

Helps Ease Possible Cash-flow Problems
JIC has been loss making over the past 2-3 years due to liquidated and ascertained damages (LAD) incurred due to the late delivery of both the residential and office units in the Pacific Star project. Although JIC is expected to start delivering the units to its buyer by end of this year, JIC would still need to raise new funding to pay the buyers the LAD owed which is currently around RM165m (accumulated since 4Q16). Apart from that JIC also owes JAKS around RM35.4m, which JAKS had previously loaned to JIC for the construction cost and bank guarantee of the Pacific Star project.

Posted by johngoh3 > 2020-10-07 10:21 | Report Abuse

The LAD estimated to be RM165 is likely to be reduced as a result of the new law pertaining to MCO. Also, the Variation Orders to be claimed for additional and alteration works done in the course of construction may enable JIC to be compensated by Star Media. Am I right?

Posted by speakup > 2020-10-07 10:24 | Report Abuse

jaks push up to attract ppl to subscribe to the rights issue

Posted by speakup > 2020-10-07 10:26 | Report Abuse

CEO Andy Ang last time farked Mr Koon for buying too much Jaks.
Now he push up to attract ppl to buy Jaks and subscribe to rights.
CEO Andy Ang fickle minded. One day he dont like ppl buy his Jaks. Next day he want ppl buy his Jaks.

Posted by Sslee > 2020-10-07 10:45 | Report Abuse

@johngoh3,
You can refer to:
SUMMARY OF KEY MATTERS DISCUSSED
AT THE EIGHTEENTH ANNUAL GENERAL MEETING OF THE COMPANY
Published at JAKS website:
Question 9: What is the potential billing to The Star Media for design alternation / modification of the Star Tower?
Answer: No additional billings to the Star for design alterations/modification.

Posted by SinGor > 2020-10-07 11:21 | Report Abuse

Push-Up to 1.50....too many SoHai here. If nobody push how can stock move. Just write and Talk
can move stock? Fundamental can move price? Be realistic Or for ever..... term as Sohai

Posted by WilburR2 > 2020-10-07 11:55 | Report Abuse

nice day for jaks

Posted by Lee Richard > 2020-10-07 14:21 | Report Abuse

When is the expected date of COD ?

October 2020 - Unit 1
Jan/Feb 2021 - Unit 2


What is the significance of COD?

Once the power plant unit achieved commercial operation date (COD), it begins to receive capacity and energy payments from Vietnam EVN.

Posted by Lee Richard > 2020-10-07 14:23 | Report Abuse

Let October 2020 be the month to the new chapter and new hope !!

Posted by firehawk > 2020-10-07 15:40 | Report Abuse

where got sohai here? no sohai lah! all very intelligent elites .....

pariah ang also very clever .... he pushes up mother share but not WB, this is either,
1. many retailers sold their mother shares alrdy,
2. the remaining holders hold their holding tight tight, not selling it
otherwise, if got some ppl selling, pariah ong won;t goreng it so high, is a very clever pariah!
kyy also surrender to this pariah!

Posted by firehawk > 2020-10-07 15:43 | Report Abuse

WB ~25% premium is the lowest ... the premium used to be 28% to 48% during last one year period!

Posted by SarifahSelinder > 2020-10-07 15:45 | Report Abuse

Price up now is not good for Andy LTIP........

Posted by SarifahSelinder > 2020-10-07 15:51 | Report Abuse

Obviously selain kan bilis kat sini ada sharks besar yg tracking Vietnam IPP COD

Posted by SarifahSelinder > 2020-10-07 15:59 | Report Abuse

Sharks besar yg berjiwa IPP

Posted by tktk > 2020-10-07 16:03 |

Post removed.Why?

Posted by SarifahSelinder > 2020-10-07 16:06 | Report Abuse

Frustrating Andy

Posted by Sslee > 2020-10-07 16:31 | Report Abuse

Haha deMusangking,
After the dilutive RI it will become penny stock

Posted by tehxuiling > 2020-10-07 16:37 | Report Abuse

kh-1234, sorry for my mistake, it is southern tip of

Posted by SinGor > 2020-10-07 17:05 | Report Abuse

Break 1.14 this week ( 6month High) Will test 1.54 ( 12 month High)...Vested interest Buying,
Cannot stop this 16 wheeler

Posted by Newbieinshare > 2020-10-07 17:14 | Report Abuse

haha buy kpower better

Posted by DragonG > 2020-10-07 17:33 |

Post removed.Why?

Posted by SinGor > 2020-10-07 18:06 | Report Abuse

Banker arranging RI can easy get 30--40mil margin account to Pump&Dump Jaks.
Ang just pays a little more interest payment

Posted by stockinvester > 2020-10-07 18:12 |

Post removed.Why?

Posted by huahtai98 > 2020-10-07 18:31 | Report Abuse

Can hear some sour grapes now...impatient and sold off too early...poor thing!

Posted by DJThong > 2020-10-07 21:41 | Report Abuse

Thankfully bit the bullet and held on

Posted by Top_investor > 2020-10-07 21:44 |

Post removed.Why?

Posted by newbie4444 > 2020-10-08 04:22 | Report Abuse

Ytl Power loss QR why must Jaks Star still suing sure make money?

Posted by firehawk > 2020-10-08 10:07 | Report Abuse

why so many broken links?

many new investors come to join jaks?

Posted by karimboss > 2020-10-08 10:17 | Report Abuse

Congrat for higher RI...

Posted by firehawk > 2020-10-08 10:19 | Report Abuse

today manipulates mother share and WB the other way round, really a genius!

Posted by IronShirt > 2020-10-08 12:04 | Report Abuse

wait for rebound at vol= 20m

Posted by karimboss > 2020-10-08 12:30 | Report Abuse

CEO is smart

Posted by Kingston1 > 2020-10-08 12:49 | Report Abuse

One more round Jaks!!!
https://www.facebook.com/103165771496030/posts/141897060956234/

Posted by IronShirt > 2020-10-08 14:55 | Report Abuse

get ready, if push thru 0.915

Posted by hng33 > 2020-10-08 18:46 | Report Abuse

Another round of free share granted to director ahead of call for cash under upcoming right issue. Second round of Restricted Share Plan (RSP) Grant of the Long Term Incentive Plan.

1. Ang Lam Poah get 1,500,000 free share
2. Razali get 850,000 free share

Posted by Jarklp > 2020-10-09 08:29 | Report Abuse

Did ALP get 1.5 million shares or 15 million shares ?

Posted by IronShirt > 2020-10-09 08:30 | Report Abuse

3 Trading days Rally until Anwar see Agong on 6/10 Tue

Posted by IronShirt > 2020-10-09 08:40 | Report Abuse

Free shares Cannot sell to market. Ceo Ang just afraid another " YKK" might come along and
take over his Ceo Chair

Posted by Tiger66 > 2020-10-09 09:00 | Report Abuse

ALP will stack up the money in his coffin to bribe the giammo.ong

Posted by huat888 > 2020-10-09 09:05 | Report Abuse

ALP gets 15,000,000 free share

Posted by cskek81 > 2020-10-09 14:17 | Report Abuse

http://www.apcc2.ceec.net.cn/art/2020/10/9/art_8427_2302331.html

Posted by SarifahSelinder > 2020-10-09 17:58 | Report Abuse

Sarifah tertanya tanya siapa tu yg push d price b4 Andy bikin dia punya LTIP?

Posted by SarifahSelinder > 2020-10-09 18:00 | Report Abuse

Klau ikut strategi Andy kan guna syer LTIP to dapat margin facility to take up his RI

Posted by SarifahSelinder > 2020-10-09 18:03 | Report Abuse

Sarifah berjiwa IPP unapologetic angkuh dan liar

Posted by DreamCruiser > 2020-10-09 18:07 | Report Abuse

Up 1 sen only kah