godsonkyy

Why Jaks?

godsonkyy
Publish date: Sun, 30 Sep 2018, 09:53 AM
to help promote Koon Yew Yin ideas

Jaks will own 30% share of the 1,200 MW power plant for free

Koon Yew Yin 30 Sept 2018

You can see from Jaks’ announcements that the company had made share placement twice recently. On 22 March 2018, 50.7 million shares at Rm 1.39 per share and on 16 March 2017, 43.9 million shares at about Rm 1.40 per share.

The total amount is about Rm 132 million.

You can also see Jaks’ company announcements that on 13 June 2018 Ang Lam Poah, the CEO bought 50,000 shares, on 12 June 2018 bought 200,000 shares and on 8 June 2018 bought 550,000 shares from the open market.

The main objective for buying so many shares by Mr Ang Lam Poah, the CEO, all the institutional buyers of the placement shares and many other investors must be Jaks’ JV with the Chinese companies to construct the 1,200 MW power plant to sell electricity to the Vietnamese Government for 25 years.

The 3 Chinese National Banks must have studied the power purchase agreement before they are prepared to finance Rm 7.76 billion for the project.

During the construction, the Chinese JV partners pay Rm 454 million to Jaks and this sum of money is to be used as capital for owning 30% of the Joint venture. Moreover, the Chinese would undertake the construction and Jaks is not even required to lay a brick.

It is like the Chinese Banks is giving a profit guarantee to all the Jaks shareholders every year for 25 years when the JV sells electricity to the Vietnamese Government.

I wish to point out that Jaks will own 30% of the Joint Venture free of charge. Moreover, Jaks has an option to buy another 10% of the JV by using its share of the profit during the operation of the power plant to buy the additional shares.

Jaks also made about Rm 150 million profit from the sale of a large piece of land. Together with the Rm 132 million from the sale of placement shares, Jaks has a total of Rm 282 million which is used to complete the development of the land belonging to the Star.  

Star owns a large piece of land of more than 6 acres in Petaling Jaya. Jaks joint ventures with its CEO Andy’s private company has a contract to build a high-rise office block in exchange for the land.

The land has approval for 2 office blocks in front and 3 condo at the back. Now the construction is completed and Star cannot forfeit the Rm 50 million performance bond. However, Star may have the right to claim damages for late completion.    

The price chart shows that the price has been dropping from Rm 1.54 about 4 months ago its lowest at 83 sen. It has gone up to close at Rm 1.03.

I think it is a very good share to buy bearing in mind that its NTA is about Rm 2.20 per share without any valuation of the 30% of the 1,200 Mw power plant.

 
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Be the first to like this. Showing 23 of 23 comments

godsonkyy

copied from Koon Yew Yin blog

2018-09-30 09:55

CharlesT

Kyy sweared for the 4th time not to use i3 to promote his shares...so u help him to do backdoor shares promoting in i3 ah?

2018-09-30 10:01

godsonkyy

backdoor listing

2018-09-30 10:18

cheoky

When kyy kena margin call, forced sell jaks n ranhill. U will be glad you took advantage on ranhill instead of jaks. And ranhill further gave u 2cents minum kopi o. I love him

2018-09-30 11:39

davidkkw79

Second mudajaya is forming...

2018-09-30 12:29

godsonkyy

Andy Lam recently increased his shareholdings. Did Mudajaya guy increase his shareholdings?

2018-09-30 12:35

SarifahSelinder

Taksiran Mr Koon ni sama je dgn taksiran I


And don't think delay sampai 365 hari pun or LAD sampai RM 136,986 per day 


X big problem


Bulan October in kan bawah clarity dan berita baik




Now the construction is completed and Star cannot forfeit the Rm 50 million performance bond. However, Star may have the right to claim damages for late completion.    







SarifahSelinder Kes postpon to 2 Nov taksiran I dah x bermakna lgi jz academic je being over taken by event Star Tower patut dah siap masa tu 

As for LAD x mungkin RM 50m terlalu tinggi 

Klau RM 50m katakan delay 1 tahun 365 days LAD RM 136,986 per day 

RM 136,986 per day LAD nampak terlalu tinggi

28/09/2018 08:01

2018-09-30 14:55

handsomejs

send you to holland, jak jak jak

2018-10-01 03:16

titus

it goes back to supply and demand. If there is no demand, how do i sell of my current supplies without affecting the price? So, i guess somehow i must promote more to generate interest so that some good samaritan will buy off my hand and while i clear my stock.

2018-10-01 14:39

ks55

When Jaks fell (or about to fall this time), KYY will come out to con you buying into his stock.

He dare to see you go holland.
That is not his concern.
More important thing is somebody should die in order he can keep his nose above water..........

2018-10-01 14:46

ks55

Sin-die has no more hope already.
He won't spend extra minute to lure water fish to that counter any more......

2018-10-01 14:48

Alfonso

Makahang this KYY is out to find scapegoat again?? Please do not do so, u better go and safe your baby boy Mudajaya instead of blow water here!
Do not form any stupid kind of co. like mudajayamampui.

2018-10-01 15:45

993954847305139

a profit guarantee to all the Jaks shareholders every year for 25 years when the JV sells electricity to the Vietnamese Government.

How much is the profit per year?

2018-10-01 17:40

newbie8080

@ godsonkyy

How do you get NTA=2.20 ??

2018-10-02 10:25

TakeProfits

Poooraaa...poooora

2018-10-02 19:10

TakeProfits

Yar, you are right Alfonso...yak, yak yak, yakkaty yak by kyy

2018-10-02 19:12

qqq3

Posted by qqq3 > Oct 2, 2018 03:40 PM | Report Abuse X


The NTA of Jaks at 30 June 2018 is $ 1.47....The IPP of Jaks is expected to add $1.00 NPV to Jaks....based on very conservative estimates.


Actually KYY got great intuition to say NTA of Jaks is $ 2.50....

2018-10-02 19:41

KLCI King

Register another new ID to talk the same old story trying to manipulate newbies.

Come on lah, thought everyone stupid like you meh, trapped & now try to con newbies to buy this idiot Jaks.

2018-10-03 11:18

KLCI King

Come to see yourself, this author is new ID just registered few days ago, what is the meaning behind? Please use your brain before talk anything, OK?

https://klse.i3investor.com/servlets/cube/post/godsonkyy.jsp

2018-10-03 11:19

KLCI King

The name some more is very obviously worshiping old fox, what a dog.

By the way, godsonkyy, what is the taste for the KYY's balls? Mind to share also?

2018-10-03 11:20

Alfonso

KYY's balls is definitely smelly and not taste good unless someone take it out and deep fry with nice pepper sauce, erm....yummy.

2018-10-04 09:35

godsonkyy

looking for me?

2018-10-04 10:11

TakeProfits

Nice description Alfonso...deep fried balls...kikiki. People are smart these-days. We all can't be conned. Look at Mudajaya. When someone promote strongly , ALL got to be very very careful..kikikiki

2018-10-05 16:06

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