Haha John. Obviously i got you pissed by stating you misled others. Since i can't remember what you stated, i have no comments further. If you could reiterate what you mentioned few months back, then i will reconsider whether you indeed misled others or not. Either way, you have the rights to your opinions. Reasons for me to re enter JAKS. 1. I realise the RI is for additional 10% in pp. Either i was too depressed by the market crash or it's a new info to me. 2. I see JAKS is disposing non profitable business. To me, it's a good direction. I also think that a crooked CEO won't take such action 3. JAKS price is depressed due to bad sentiment and IF the pp profit as projected, then it's definitely a safer investment than chasing high. I have been holding JAKS since 2018, so i will give it another 6 months to prove i am right or wrong.
Entitlement subject Important Relevant Dates for Renounceable Rights Description RENOUNCEABLE RIGHTS ISSUE OF UP TO 629,491,596 NEW ORDINARY SHARES IN NETX HOLDINGS BERHAD ("NETX" OR THE "COMPANY") ("NETX SHARES" OR "SHARES") ("RIGHTS SHARES") AT AN ISSUE PRICE OF RM0.13 PER RIGHTS SHARE TOGETHER WITH UP TO 314,745,798 FREE DETACHABLE WARRANTS IN NETX ("WARRANTS C") ON THE BASIS OF 6 RIGHTS SHARES TOGETHER WITH 3 FREE WARRANTS C FOR EVERY 2 EXISTING SHARES HELD BY THE ENTITLED SHAREHOLDERS OF THE COMPANY AT 5.00 P.M. ON 2 OCTOBER 2020 ("RIGHTS ISSUE WITH WARRANTS") Despatch Date 06 Oct 2020 Date for commencement of trading of rights 05 Oct 2020 Date for cessation of trading of rights 12 Oct 2020 Date for announcement of final subscription result and basis of allotment of excess Rights Securities 23 Oct 2020
Last date and time for : Sale of provisional allotment of rights 09 Oct 2020 05:00 PM Transfer of provisional allotment of rights 13 Oct 2020 04:30 PM Acceptance and Payment 19 Oct 2020 05:00 PM Excess share application and payment 19 Oct 2020 05:00 PM Available/Listing Date 03 Nov 2020 Rights Securities will be listed and quoted as the existing securities of the same class Yes Other important dates as the listed issuer may deem appropriate Entitlement Details Company Name NETX HOLDINGS BERHAD Entitlement Ordinary Shares Ratio (New : Existing) 6.0000 : 2.0000 Rights Issue / Offer Price Malaysian Ringgit (MYR) 0.1300 Fractional Entitlement Registrar or Service Provider name, address, telephone no SHAREWORKS SDN BHD No. 2-1, Jalan Sri Hartamas 8 Sri Hartamas 50480 Kuala Lumpur Wilayah Persekutuan Malaysia Tel:0362011120 Fax:0362013121 29/10/2020 9:58 PM ————————————————————————————————————
Today,new issues listing? seemed like subscribers are losing money ...... :-(
(not following this corporate exercise, not very sure,)
Windy... your statement is contradicting. First on 02/11/2020 4:04 PM you stated "after exiting JAKS for 6 to 7 months..." Then on 03/11/2020 9:05 AM, you stated " I have been holding JAKS since 2018, so i will give it another 6 months to prove i am right or wrong." While everyone entitle to say anything, hope the intention is not to mislead fellow forumers into doom..
Mike. Sorry, i am too lazy to write the whole stories la. I hold JAKS since 2018 but sold all after JAKS RI announcement early this year. However, i still come to JAKS forum thereafter and monitor JAKS progress. So, between March/April till end of Oct, i have no holding in JAKS.
To me, JAKS only good for 1 thing. Vietnam powerplant. And at 2B shares (excluding WB & WC conversion), it's worth around RM900m at current price. To me, Vietnam pp needs to earn a consistent income of RM60-70m per year to justify such valuation. If JAKS has a dividend policy eg. 90% payout, then i can settle for current price even with income of RM40m nett (consider FD rate now. Of course, if FD rate up, valuation will go down) So, JAKS seems to be clearing all their unprofitable businesses. i HOPE. What JAKS income gonna be? Well, it's anyone's guesses. If by DK calculation, no less than RM200m. Which i agreed. It should be a very straight forward business without much surprises. Having said that, management integrity is very important. I still don't know how ALP is and what disappoint me is that, people who knows are not sharing. Typical Asian mentality
Save for few counters with high integrity and transparent management, most other counters, you can't rely on FA esp. self-professed FA. For most retailers, they are not long-term investors, so just stick to a reliable and simple TECHINAL analysis. Why the fuss??
Salam. You are right about integrity and transparency. I also agreed that most retailers are not long term investors, which i reckon is sad. I personally don't know any technical analysts who can consistently perform over a 10 years time frame. If you are 1 of them, you probably are 1 in a million. I am not, so i stick to fundamental. For fundamental, i at least know many who do well out of it. 1 in a 100, at least better odds than 1 in a million. I am a risk taker when i was young. Forex, futures, you named it, i have touched it. I am lucky to be here because i know i can't risk anymore because i am not only responsible for my own finances, my family too. I can't gamble away my kids education funds. i still love risk and occasionally goreng stocks too and go casino. But, within my means. Those casino goers who taught me system to beat casino. All of them i never see again in Genting. I wonder why
Agree, "Save for few counters with high integrity and transparent management, most other counters, you can't rely on FA " You can look into my blog on my engagement with JAKS , Bursa and SC to no avail.
projection of 200m profit a year for 25 yrs..recurring income..can la..hard to find any stocks in bursa that can generate this consistent income..lets see.
14 day, per-commercial operation, start generating electricity. More importantly, these 14 day generate electricity is payable, the maiden revenue and profit will be accounted
before right share 1. power plant net profit RM 200m will EPS = 30sen 2. share price trading before right is around RM 1.20 3. PE 10x will give target price RM 3.00, upside potential 150%
after right share 1. power plant net profit RM 200m will give EPS = 11.5sen 2. share price trading now around 48sen 3. PE 10x will give target price RM 1.15, upside potential 140%
Entitlement subject Important Relevant Dates for Renounceable Rights Description RENOUNCEABLE RIGHTS ISSUE OF UP TO 1,292,073,304 NEW ORDINARY SHARES IN JAKS RESOURCES BERHAD ("JRB") ("RIGHTS SHARES") AT AN ISSUE PRICE OF RM0.22 PER RIGHTS SHARE TOGETHER WITH UP TO 646,036,652 FREE DETACHABLE WARRANTS IN JRB ("WARRANTS") ON THE BASIS OF 8 RIGHTS SHARES TOGETHER WITH 4 WARRANTS FOR EVERY 5 EXISTING ORDINARY SHARES IN JRB HELD AS AT 5.00 P.M. ON TUESDAY, 27 OCTOBER 2020 Despatch Date 30 Oct 2020 Date for commencement of trading of rights 28 Oct 2020 Date for cessation of trading of rights 05 Nov 2020 Date for announcement of final subscription result and basis of allotment of excess Rights Securities 18 Nov 2020
Last date and time for : Sale of provisional allotment of rights 04 Nov 2020 05:00 PM Transfer of provisional allotment of rights 06 Nov 2020 04:30 PM Acceptance and Payment 12 Nov 2020 05:00 PM Excess share application and payment 12 Nov 2020 05:00 PM Available/Listing Date 26 Nov 2020 Rights Securities will be listed and quoted as the existing securities of the same class
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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....
AlfI3
1,293 posts
Posted by AlfI3 > 2020-11-03 06:51 | Report Abuse
Shud buy OR vs d mother in this case scenario