It is good to have Sslee holding Jaks. At least he won't bad mouth Jaks for now. A rare moment.

Berkshire Hathaway is a public company whose shares are 68% owned by financial institutions. Vanguard, SSgA, and Blackrock are the largest investors owning 21% of Berkshire Hathaway

Will see chin kok tian & wife and tan ah tek appointed to the BOD very soon

Has toyoven received the term sheet from EXIM bank of malaysia?

I wonder whether DK66 after selling off his holdings at RM0.70+, will buy back Jaks at the current price although he did reply my earlier email that the price is very attractive. His earlier concern on the dilution effects of the warrants is no longer relevant now as both warrants are way out of money.

Well said, Windy1974. Jaks needs a lazy CEO. A CEO that is too lazy to do anything.

Lee Hoch Meng retired from BOD. New BOD emerging soon.

latest results shows NTA = 0.615

Yes, it is a good indicator

teareader818
Has anyone worked out the revenue from the electricity supplied? Should Jaks x 2 be a good indicator?

What is the biggest fear about jaks now?

Showtime in 2 weeks time

somacruz, since you have chosen to leave, why still so concern about the group. If you wish to get back in, please contact Ah Seng. Except those who followed DK's exit plan, everyone is losing money only more or less. Those who cut loss earlier are less sad than those still holding until now. 五十步无需笑一百步。

The good news is there will be 200m profit from power plant next year after the ownership in the power plant is increased to 40%.

A lot of people buying now. So, 0.20 is going to be the floor price? Anymore people waiting for 0.10?

If delist can get back money around 0.70, why did they sell off most of their holdings at 0.65. Isn't it better for him just to delist the company ?

Wealthy99

delist can get back money around 0.70 - 0.71
of course if can have good company acquisition, hopefully tech related, then will be great

1 hour ago

Aminvest expects the financial closing to be end of Q1 2023. My expectation is Toyoven needs to get everything done before 24th June 2023 which is likely to be the 6 months extension granted after vietnam received the letter of interest from EXIM bank of malaysia.

safer to enter after financial close

Why delist is better ? You might lose money.

Wealthy99

luckily got at 0.60 wuhuuu
delist better if cannot get hot business

SCGM needs to acquire new businesses to stay listed.

I opine that the deal for injection of new businesses is irreversible as the acquirers have acquired a substantial amount of shares from the Lee families at RM0.65 which is above the NTA level. Aborting now will only inflict losses on the acquirer as the SCGM will be delisted without new business injection.

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12.14m shares in Boustead with 20 cents gain adds around 1.73 cents to NAV of ICAP

Any news ?

SH2 power plant if successful will be a jackpot for Toyoven

There should be more news unfolding soon.....

Formal EPCC agreement signed !

Just keep buying on the massive discount and vote against the BOD until they take care of shareholders' interest.

They will buy before the news

Insiders have first hand information on the progress of the financing status.

Thanks, taitaumau

Taitaumau, how bad can the situation be ?

A lot of people are caught surprised by the warranty claims

It is wise for Malaysia to finance this power project as it is the last few of BOT project that has the guarantee of MOIT and governed by international laws. And these PPA also has very high project IRR.

It is wise for Malaysia to finance this power project as it is the last few of BOT project that has the guarantee of MOIT and governed by international laws. And these PPA also has very high project IRR.

Song Hau 2 thermal power plant is very lucrative. That is why EXIM bank willing to fund this overseas power plant project.

Continuing down this path will only lead to one outcome - more and more shareholders will turn against the BOD.

JohnD0ugh, BOD of ICAP won't be blamed if they tried and failed, but they will be blamed for not even trying.

Yes, I agree. Then ICAP should do share buyback by all means ! Why keep talking about the quality of shareholders that is causing the large discount ??

In the interest of the long term investors/shareholders, ICAP should do share buyback as it will immediately increase the NAV per share of ICAP. Should the BOD acts in the best interest of its shareholders or the fund manager ?

"In November 2022, TIGB received a Letter of Interest from Export-Import Bank of Malaysia Berhad (“EXIM”) offering their services as Mandated Lead Arranger and Bookrunner (“MLAB”) and Coordinating Arranger (“CA”) for the Syndicated Financing Facilities of up to USD2.42 billion for the Power Plant Project (“Proposed Financing”). EXIM shall in consultation with TIGB manage all aspects of the syndication process in relation to the Proposed Financing, including timing, the selection of potential financiers, the acceptance and allocation of commitments and the amount of distribution of fees to potential financiers. "---- It has been 3 months since, should be sufficient time to close the financing deal. Vietnam side may be getting impatient. Anyone has further info on this ?

So, TTB thinks it is unwise to do share buyback as it will widen the discount ?

Share buyback actually increases the NAV per share

I agree with observatory, TTB cannot charge management fees on funds used for share buyback as share buyback is carried out by ICAP itself.

Can anyone explain why Icap refuses to do share buy back to narrow the huge discount ?

The power plant project is NO GO until the financial closing is secured.

Just wait for the announcement before making your decision to sell

If a general offer is required, the price may shoot up as in the case of PEB. The price doubled.