JAKS rights issue oversubscribed by 28.71% =========================================== The good respond of the right issue is solid evident of investors confident toward JAKS future prospect.
JAKS rights issue oversubscribed by 28.71% =========================================== The good respond of the right issue is solid evident of investors confident toward JAKS future prospect.
JAKS rights issue oversubscribed by 28.71% =========================================== The good respond of the right issue is solid evident of investors confident toward JAKS future prospect.
Investors always feel doubt and worry on the power plant progress. The good news from CEEC 越南海阳燃煤电厂1号机组336小时可靠性试运行圆满完成 has fully cleared the doubt and uncertainty. Thus..17/Nov/2020 is a historical moment for JAKS.
SSlee. I agreed with you RI won't benefit existing share holders due to dilution. The best scenario is not to have RI but bank loan. Best scenario. Company gets a bank loan for additional income generating business where the return would be higher than the loan interest. However, it needs to be a sure win business. In real life, where can find such business easily? 2nd best scenario. Company RI for additional income generating business. Best la if it's sure profit. 3rd best scenario. Company RI for additional funds into new business but profit or loss yet to determine 4th not so good scenario. Company RI for cash flow caused losing money but management still genuinely wanna make money Worst case scenario. Company RI for cash flow so that they could syphon more money away via salaries, expenses and loss making ventures. Normally these companies are easily identified in KLSE because they would do RI every alternate years and come up with very ambitious projections that never materialise. Now, JAKS is which one. You decide. I HOPE it's 2nd best la. How about Insas, SSLee? Which you reckon?
Announcement of right issues with free convertible warrants can be tempting to many investors. You must be careful to examine the true reason for calling the right issues. Do not subscribe blindly. Quite often due to poor management, the company has poor cash flow and the business has too many challenges. As a result, the company needs more cash. Moreover, this kind of announcement will push up the share price, offering you a chance to sell at a better price. You must remember that good profitable companies do not need to get money from calling for right issues.
As for Insas I am waiting for leno to push up the share price for me to sell at better price.
Sslee. I disagreed with your generalised statement that good profitable company doesn't need RI. I personally think Dayang is a good, well run company yet they issued RI. Of course, whether they were worth RM3 or not that's another matter. I am surprised you quote the infamous KYY. While i agree he is an influential figure in the investing community, he falls into the category "rich but i don't respect". Come on, his simple primary 6 mathematics to justify AT System future profits? Then all the sudden reminded people that AT has yet to produce a single glove? He is definitely not stupid but by quoting him, i start to doubt your investment knowledge.
I repeat again the crucial points of looking at facts, not endless speculation of what the bod will do in the future.
Example for Jaks case, the RI benefit lots of existing shareholders. Property development business exited according to 2019 agm statement. Power Plant unit 1 2020 completion according to 2019 agm statement. These are the facts.
Which existing shareholders that fully subscribe to the RI dont benefit from the average lower cost per share?
Dont know how to subscribe RI then go learn, nothing free.
LTIP is an old story approved many years ago, not something new.
MFCB's power business recorded RM274mil net profit against revenue of RM371mil (page 12 of the attachment) for 9 months ended 30/9/20. If we benchmark against MFCB's power business net profit margin, what should be the net profit of Jaks since ALP indicated the projected annual revenue being around RM700 mil for the power venture ???
So many stupid counters without earning in bursa can limit up and ppl dare to buy and chase....but the real big frog here people just keep questioning, wait and ask...If Jaks can limit up one day?? If limit up only 0.89 still cheap as it not yet reflect it true earning and value for it power plant!
Be very careful. There are more evils than angels in i3. Some are good at making rubbish comments appear sensible to the newbies.
--------------------- klk666 too much rubbish comments here, caused me a fortune by disposing almost all my holding before ex date..... REGRET BIG TIME. SIGH!!!! 20/11/2020 10:55 AM
No one is an angel, DK include. If someone make rubbish comment than please correct him if you have the facts. Everyone are entitled to their opinion and my opinion ALP/BOD/management cannot be trusted.
We have to be fair to Sslee, he merely warn readers of his opinion on ALP/BOD/management of their less than satisfactory integrity to date. No one can correctly predict the future. This is Stock Market.
I have recommended shares to my friends too eg YTLREIT which dropped a lot. But i truly believed in it. I could be wrong but i didn't con people. Con is where you disperse information which you already know it's not true. Eg. taking photo in front of a upcoming glove factory and making up projected profits. Even if the production volume is true, the profit can't be same as Topglove or other established glove players who have been established for years. A 20s young man could be so naive but if an old investment legend who has been in business for years come up with such logic, then i can only say that either he knowingly con people or he was just lucky to make his money in the first place
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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....
DK
4,269 posts
Posted by DK > 2020-11-19 14:37 | Report Abuse
I need you user ID
Tom Lim DK ,can you add me ,thanks.
19/11/2020 1:04 PM