qqq3 sifu,

Good morning
We should be grateful to DK66 for his kindness to share with us the knowledge about ipp
Not many great sifu here willing to do that without charging a fee. I feel information shared by DK66 worth more than a thousand ringgit and he is sharing with us free. We should give him a double thumb up.
Thank you DK66 sifu

DK66,

well done

you are a very honest person

from DK66 hard works

we can see that

BOT in Vietnam is not that simple a business of produce-take-pay as we think

there are still a lot of uncertainties that one should take into consideration before you can arrive at a more acceptable IRR or NPV

business sense as said by DK66 is necessary to determine the reasonableness of your derivations.

one day show ?

no !!!!!!

more shows coming on the way with huge inventories gain and margin gain

Dear DK66,

you mean so far the management still has not revealed the type of tariff payment that had agreed in the PPA.

pay-or-take structure or 2 tier payment structure

right ?

Dear DK66,


BOT= build, operate and transfer
PPA= power purchase agreement
CSA= Coal supply agreement
LLA= Land lease agreement

Right ?



Posted by DK66 > Sep 26, 2018 02:48 PM | Report Abuse

No, I have not seen any of Jaks agreements on BOT,PPA,CSA, and LLA. These agreements are protected by secrecy clause to prevent them from being publicized.

a simple Sabah authority to verify the logging activities , they made it hell of big issue as if the sabah government going to close down all the companies involved

moreover the inspection already completed at the worksite as stated in the monthly report
now waiting for the authority report to prove them laws compliant

sometime we must learn to believe the management ,
if not , do not invest in any company that you are not the MD

but there are many do not share the same thought like us

they are more fearful of the government than the thugs

you need not have to talk in every stock you enter

Petronm is a great company

investing success = great company + patience

to an amateur like most of us

patience doesn't mean dumb-dumb hold

set a buy and sell TP

to gain some bonus and excitement for your life long holding

petronm is my wife , she give me Bonus +dividend +big capital gain

the choice is obvious

if you believe the current CM is a good CM , then BUY

if you believe the current CM is a lousy CM, the SELL

I believe the CM is good

the reason is simple

no government will kill any businessman that will pay them big tax for development

when this difficult period is over

1. Better profit will be seen
2. significant improving profit QoQ and YoY will be seen
3. Singapore subsidiary will be successfully listed
4. Acquisition FMU5 will be successfully completed
5. a huge negative goodwill of about 200M will be credited into profit

now those ignorant and pitiful impatient players are willing to sell to you at a deep discount of 0.05 cent which is more more than 50% of its current NTA , excluding the above mentioned good news

sabah CM is not inhuman
if he is inhuman , he would not have won the recent election
the CM knows very well , the interruption had already caused a big loss to all the big timber companies in Sabah. this thing can not be dragged on indefinitely because the Government will also suffer big tax loss

market is overreacting to the reduced log production due the temporary interruption of logging activities by the authority for verification purposes . the management already clarify in the paper and monthly production report , the company is always complies to the laws and practices under the Sabah Forest Enactment, 1968. they are confident that their compliant position would eventually be reflected accordingly in the authorities’ findings.



Below is the company monthly report announcement.


MONTHLY PRODUCTION FIGURES (MINING / PLANTATION / TIMBER)
PRICEWORTH INTERNATIONAL BERHAD

Type Announcement

Subject MONTHLY PRODUCTION FIGURES (MINING / PLANTATION / TIMBER)

Description MONTHLY PRODUCTION FIGURES (MINING/PLANTATION/TIMBER)

In accordance with Paragraph 9.36 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, Priceworth International Berhad wishes to announce that the Group's log production volume for the month of July 2018 was 5,382.39 M3 (June 2018: 33,860.87 M3).



The Group's operations were affected by temporary interruptions to facilitate the widely reported verifications conducted by authorities on the major timber companies in Sabah. Despite such temporary interruptions, we have complied with the authorities' requests as our operations are in accordance to the laws and practices under the Sabah Forest Enactment, 1968. We are confident that our compliant position would eventually be reflected accordingly in the authorities’ findings.



As such, our logs production volume in July 2018 has decreased by approximately 84% as compared to June 2018.



We expect the production to resume soon as the authorities have just completed the verifications.



This announcement is dated 6 September 2018.

Empty promise.

Posted by yewyin33 > Aug 31, 2018 11:23 AM | Report Abuse

Sslee I am still waiting to pay for all your losses if you can show proof that I have misled you. You just want to create publicity for yourself. Readers are not so stupid when they read your posting. In any case, I have decided not to post any more articles on share investing. You can see my last article "My Last Sermon on share investing" which should be posted soon.
Koon Yew Yin

Yewyin33 uncle,

Future may look bright now but still undeniable full of uncertainties. Have you not learnt from hengyuan where you have strongly advised us to buy back at a high price which you thought was still unbelievable cheap. Why so many people unrespect you? It is because you always unaware that your good intention can do more harm than good because we are not you.

If you think attacking others can make you great in i3, then Aseng should be the greatest in i3

If you believe FA can bring you success in you investment , then it is good it must be good, even though it is nothing wrong to promote the stock you are holding, but excessive promotions do cause some negative effects or some disgust.

Respect is earned, not by calling others no brain.

You may not need our respects ,

We also do not need you to remind us that we are stupid

Thank you qqq3 sifu

qqq3,

If I am not wrong you are the first person who recommend this counter in i3 and invited uncle koon to the party.

Now we see more and more people including your enemies have agreed that your choice can be a right one.

We have to give qqq3 and also the most hardworking dear DK66 a LIKE + thumb up for their willingness to share with us their views and knowledge of the Vietnam ipp here.

The one who is willing to shares is the greatest.

halite buying .....
cari duit kopi



smartly: uncle koon is buying.....
20/09/2018 09:19

Dk66,
Please avoid mentioning uncle knows well.
You are making the strong argument weak
How can we trust a man who forget his promise easily.
That is most unacceptable in our society especially the chinese businessmen

As you said there are so many uncertainties which are hard to assess correctly so ithe real outcome can be very much lower. It is good you share with us such a good caution.

Is this figure IRR 12% provided by the management or is it reasonable for ipp?

Jika tak boleh buat baik
Jangan buat jahat
Kerana tak buat jahat itu sudah cukup baik.

RainT,

Many had shared more than what they know
Icon8888 honesty is praiseworthy
Do you still believe without doubt the IRR 12% many had said?

brother Icon8888,

very good,
this is the icon8888 we like most
honest and willing to share the truth


Icon8888: IRR is derived by solving the DCF equation such that it equals zero

it involves a lot a lot of information

I don't understand how people can claim that they know the economics of the project without knowing details of the Capex pattern during construction period, and the subsequent 25 years' capacity payment, operating expenses, tax expenses, maintenance capex (if any), interest rate, loan repayment structure (tranches, tenure, etc)

for me, I would rather tell myself that I don't know, instead of simply jumping into conclusion

Paperplane sifu ,

nice to meet you again .

then hit and run can be a right strategy , long term should be a bit risky



Icon8888 :How to derive NPV if there is no details of the cash flow ? Maybe you should ask Jon Choivo
19/09/2018 21:4

regarding the capacity payment structure, I remember DK66 said can google to get the information, then don't need to trouble Jon lah......
if can't find , then I will come back here to seek help

Icon8888 : and ask Jon choivo what is his assumptions about capacity payment structure ? doe it exist ? what is the rate ? how many tiers ?

I learnt some basic NPV from KC and google

if you can kindly share with us , I think I can understand a little bit lah....
mind to share with us ?

Icon8888 : has management ever provided NPV estimate ?

Dear bro Icon8888,

if I demand so much information from Jon , then he may think I want to cari gaduh with him
I purposely quoted Jon estimation because I know most probably there are sifu here who will not agree .

actually my worry is also the worry of most of the readers here
that is,
when the plant has started operation in 2020, how much is the cash inflow and how much is the cash outflow

not so complicated lah......
moreover not many here prepare to hold this stock for life , including uncle

valuelurker,

i wish to learn from you ,

mind to explain what is "(which assumes a certain financing structure of course)" ?




Jon Choivo estimated the interest cost is as follow

"Interest Expense

Now, the loan is RM5.6 bil. At 7.5%, that is RM420mil a year in interest cost."


thank you

make it uncle gives you angpao

do not make it you give uncle angpao

uncle not 李香兰 can wait for 三年

hengyuan is an good example of a promise of sky and heaven

at the end, where is the sky ? where is the heaven ?

what had happened to those dumb-dumb hold ?

long long ago,
i was also one of the strong supporters or believers of mudajaya power plant in India,
a sure win investment if you have the holding power.
at the end ,
where is the profit ? the strong recurring income ?
i don't know .... don't want to know ....
because it is already none of my business

We enjoy the ride to make our day exciting

Not anxious to enter, always enter at a lower price than your previous sold.

Why dumb dumb hold to see our profit come and go when you know there may be a crocodile waiting to prey on you.

If you want to see crocodile show, you must buy and irritate him, then sell to him

Dk66,

Cash profit is an investor term to assess the the promise of sky and heaven

Accounting profort is what you said international accounting practice

Got uncle scolding people how to play simple
Even your good friend KC also doubts its cash flow, how can we follow blindly
Moreover every 2 shares we dumb-dumb hold there is a cash call of 0.25. If there exercise price is 1.00 then the minimum cost is 1.25
The big crocodile will still dumb-dumb hold for life meh.....


Icon8888 :Why so bloody complicated. Stick to fundamental lah
19/09/2018 10:04

Shares trading is more a demand supply game than FA game

i rather believe the crocodile goreng than the big potential earning tomorrows

Moreover the hit and run strategy I am applying already include both goreng and non goreng elements

To win crocodile money you must irritate him let him push up the price, sell to him,
Then buy and sell to him
But never buy at a price higher than the one you have previously sold.
Not anxious to buy but greedy to take profit
In the long run, we are the winner

Crocodile want to win your money alway promises you sky and heaven tomorrow. only those who is always well prepared of the crocodile attack will sirvive safe and sound.

Common sense says,
A person who can easily forget what he has promised to do is not trustworthy

Uncle start scolding people now.....

Dk66,

1. Why right issue of warrant not shares equity?

Is it right to think it is an attempt to mitigate the capital commitment of major shareholders and PP holders

2. Since profit is used to pay the capital commitment of the 30%sharing, is it right to think we can only see accounting profit but zero cash profit for jaks at least for the beginning few years of the operation.


Thank you

Dear DK66 ,

mind to share with us your views about the following questions ?



1. How is the loan interest and repayment affect the income and cash flow derived from the power plant for the first few years

2. is it right to say we may not be able to see good profit for at least a few years after the plant has completed in 2020

3. it is right to say it is possible to have more fund raising to support the construction or operation of the power plant or to acquire the next 10%

Thank you .

I run too fast liao....
Learn a lesson now
Next enter I will change my appetite to lopster meal not just a nasi lemak meal

Nikmon,

You see the later part of the story but did not see the earlier part. without his purchase aggressively earlier, do you think jaks can breaks 1. 00 RM at all.
Whether we like him or dislike him, he is definitely the one who can start the herd mentality effect of buy or sell creating big volatility to the market price movement
Moreover he had already openly admitted his mistake of buying too much jaks, so there is reason for us to believe that he may not want to increase his holding in jaks , and he trusts OTB sifu more now and believe iionind can provide him faster return

Very smart

but i am sure, you are one of those who run the fastest