Only for my followers, I have bought back Jaks.

Only for my followers, I have sold Jaks.

No, the new boss who is going to take over SCGM shell and becomes a coconut company.

Safeld65

The new boss from Japan one?

Special announcement further delayed

Not the AGM. The special announcement

maybe tomorrow

The new boss couldn't attend due to overseas flight delay.

it is today

Watch out for the AGM !!!

Thai Coconut Public Company Limited PE 26x

We will find out by next week

DragonG, I believe they do have coconut plantations in Malaysia and Indonesia.

https://johor.sinchew.com.my/news/20240522/johor/5626237

Yes, by this month

I strongly recommend investors think harder why the founders are selling their company at book value and become minority shareholders. They could have sold at book value plus RM40-60m for the listing status. This article could help - https://klse.i3investor.com/web/blog/detail/righton/2024-03-24-story-h-185587948-WHAT_AN_EARLY_BIRD_SHOULD_KNOW_ABOUT_SCGM

If you agree that coconut business has great potential, you should not miss out the opportunity to get this one and only listed coconut company on Bursa Malaysia.

I have higher projection.

like brothers, sisters, cousins, relatives and friends

connected persons no need to report

On the contrary, the sharks are buying not selling. The sharks being connect persons cannot subscribe for the PP, so they have to buy from the market when the pp subscribers were selling for a penny gains.

Just think for a second why so many buyers in these 2 days and yet the PP was undersubscribed.

2 more weeks ............

You forgot to mention the receivables ??

Stock: [JAKS]: JAKS RESOURCES BERHAD

2 days ago | Report Abuse

Only for those who have earlier followed my strategy "sell now buy back later" and sold at 0.19-0.20, I wish to inform that I m buying back now.

Expected cash inflow in 2024 includes private placement 28m, JHDP retention money 69m, and dividend from JHDP 48m. Bank borrowings due for repayment in 2024 is 74m and 42m in 2025. Thus, positive cash flow for 2024 and 2025. Projected cash flow deficits for the following 4 years total around RM90m which is manageable thru refinancing into 2030 where huge dividend is expected from JHDP after its loans were fully repaid.

reliable sources

Depreciation is a bigger amount as it is based on the entire cost of the solar project while loan repayment is based on the loan taken which may be on 60 -70% financing. In any case, the Bankers always play safe.

Depreciation charge is a non cash flow item which does not involve cash payment. LSS4 is making losses due to depreciation charges but net cash flow should be positive and able to pay the loan principal.

xiaoeh, the syndicated loan is for the solar project of which the bankers must have assurances that the cash flows generated from the solar project are certain to be able to service its loan. Therefore, the syndicated loan should not be a concern to Jaks especially when we are trying to determine the severity of Jaks' near term future cash flow deficits.

Prior to the release of 2023 annual report, it was not known to me that there is a RM200m loan included in the total borrowings of RM500m. I was doing a cash flow projection of Jaks for the next 6 years before the JHDP loans are fully repaid. The future cash flow deficits are projected to be very severe and hence expectation of numerous PP and RI to deal with the cash deficits. If the syndicated loan is excluded from the cash flow projection, the severity of negative cash flow is substantially reduced.

Alibone, I gave my detailed analysis to DK for comment. He agreed that the negativity of the cash flow deficit is alleviated substantially when the RM200m syndicated loan is excluded. However, he is still concerned with the collectivity of the receivables given the significant write offs in the prior years. Nevertheless, he agrees that the risk reward is attractive now and he is considering subscribing for the private placements.

Definitive agreement will be signed by this month

https://klse.i3investor.com/web/blog/detail/righton/2024-05-07-story-h-181900615-WHY_DO_I_THINK_JAKS_IS_A_BARGAIN_NOW

Only for those who have earlier followed my strategy "sell now buy back later" and sold at 0.19-0.20, I wish to inform that I m buying back now.

Definitive agreement to acquire Eramas Global Group

Likely before end of this month

get ready for definitive agreement ..........

https://seoagencychina.com/coconuts-in-china-huge-demand-from-distributors/#:~:text=Market%20Share%3A%20In%20China%2C%20blended,87%20million%20yuan%2C%2017.07%25.

The definitive agreement is very likely to be signed next month and submitted to the SC before June.

Between 0.585 to 0.675

https://klse.i3investor.com/web/blog/detail/righton/2024-03-24-story-h-185587948-WHAT_AN_EARLY_BIRD_SHOULD_KNOW_ABOUT_SCGM

Thai coconut public company was listed in Sept 2023 at 5.50 baht and the share price has already doubled.

I expect the definite agreement to be signed soon as the proposal has to be submitted to the SC before end of June. Otherwise, the proposal needs to be recomputed base on quarterly report ended 30 June 2024.

SC stipulates that the applicant needs to have an uninterrupted profit of three to five full financial years, with an aggregate after-tax profit of at least RM20 million as well as an after-tax profit of at least RM6 million in the most recent financial year.

The size of the worldwide Coconut market achieved USD 18510.92 Million in the year 2022. Anticipated expansion at a Compound Annual Growth Rate (CAGR) of 13.56%. The global Coconut market is projected to attain the valuation of USD 39703.85 Million throughout the forecast period.

Thai Coconut Public Company Limited (SET: COCOCO) has announced its 2023 consolidated financial statement through the Stock Exchange of Thailand.
COCOCO reported a net profit of Baht 539.68 million, an increase by Baht 233.01 million or an increase by 75.98 % compared to the previous year, because of the company’s increased sales revenue from expanding the international market, especially from increased sales of coconut water products in China.

Read More: https://www.kaohooninternational.com/markets/536899

Coconut business is booming globally

you should know that the latest qtr results of Thai coconut public company increased by 75%

Fixing the new share issuance at 0.615 tantamount to setting IPO price at 0.615. Would you subscribe to IPO of a fast growing coconut company ?

All i know is the business growth is very good.