Aiyoyo Mike-tikus can't read financial report, cut and paste financial data from pasar malam source without understand it, his pasar malam TA told him jaks 18 flooor is ground floor and he bought from 18 to 24 and trapped himself high high and need to go every forum to promote jaks with half past six facts and figures 24/7/365 non stop for a year and half now to no avail.

Jaks
Profit / (Loss) Before Tax
Segment
Current Year Quarter Ended 30/6/2024 RM’000
Preceding Year QuarterEnded 30/6/2023 RM’000
Changes %
Current Year To-date Ended 30/6/2024 RM’000
Preceding Year To-date Ended 30/6/2023 RM’000
Changes %
Construction (7,136) (6,690) (7) (21,785) (13,119) (66)
Property Investment (9,163) (9,540) 4 (19,350) (19,929) 3

ALP already talk for so many donkey years to sell Evolve mall but no buyer.

1st half 2024 property investment to date already lose RM 19,350,000.
2nd half 2024 how many more millions contruction and property investment will lose?

Aiyoyo Mike-tikus punya P/S sudah jadi abu

P/s : After won the 6 years legal battle against Star on March 2024 ( Pacific Star project ) from Federal Court … Jaks is counter claimed Star for RM 540 million.. next case management on 11/10/2024 for the parties to comply with the Pre-Trial case management directions. Trial was fixed on August 2025 .
13/09/2024 10:14 PM

Mike-tikus, your jaks sudah surrender loh🤣😊😇

Posted by ks55 > Nov 4, 2024 6:51 PM | Report Abuse

https://www.bursamalaysia.com/market_information/announcements/company...

https://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id...

Jaks finally agreed to call it a day by forgoing rm 50 million to Star.
Star now gained 50 million (or 7 sen a share) and Jaks lost rm 50 million.

Aiyoyo Mike-tikus everytime look backward no wonder lose naked in stock.
You need to look forward
30-Jun-2025(Budget)
Planted area 67,449
FFB output 1,211,852
FFB yield 17.8

Aiyoyo Mike-tikus still cannot understand WHD is the land owner of Jayatiasa rented land: Wealth Houses Plantation 6,000 (Ha)
The plantation belong to Jayatiasa and jayatiasa pay WHD rental based on FFB x rental amout (RM X/MT FFB)
Last year jayatiasa acquire 55% of WHD.

BURSA MALAYSIA

Market Information
Market Data Overview
Market Data Overview
As at 04 Nov 2024 12:30 PM
Prices are delayed by 15 minutes

Derivatives
Night & Day Session
Night Session
NO NAME MONTH LAST DONE CHANGE VOL (`00) OI
1 FCPO Jan 2025 4,869.0000 +1.0000 15,982 101,670
2 FKLI Nov 2024 1,614.5000 +9.5000 5,480 40,478
3 FCPO Feb 2025 4,811.0000 +3.0000 4,539 30,895
4 FCPO Dec 2024 4,915.0000 +1.0000 3,532 41,096
5 FCPO Mar 2025 4,735.0000 +9.0000 2,403 24,486
6 FCPO Apr 2025 4,648.0000 +11.0000 2,159 16,872
7 FCPO Nov 2024 4,990.0000 +14.0000 260 4,075

Quarter ended 30/9/2023 CPO price: RM 3732
Quarter ended 31/12/2023 CPO price: RM 3616
Quarter ended 31/3/2024 CPO price: RM 3838
Quarter ended 30/6/2024 CPO price: RM 4026
FYE24 FFB production: 1,155,478 MT
Net cash generated from operating activities RM 360,029,000

Jul 2024 MPOB CPO spot price: RM 4034
Aug 2024 MPOB CPO spot price: RM 3910
Sep 2024 MPOB CPO spot price: RM 4023
Oct 2024 MPOB CPO spot price: RM 4387

Budget FYE25 FFB production 1,211,852 MT
What will be FYE25 Net cash generated from operating activities?

Mike-tikus are you blind?
FFB production:
30-Jun-2022(Actual)
30-Jun-2023(Actual)
30-Jun-2024(Actual)
30-Jun-2025(Budget)
Planted area (ha) 69,589 69,589 68,569 67,449
Immature (%)(<4 years)0.0% 0.0% 0.0% 0.0%
Young mature (%)(4-7 years)3.1% 0.0% 0.0% 0.0%
Prime mature (%)(>7 years)96.9% 100.0% 100.0% 100.0%
FFB production (MT) 737,723 943,924 1,155,478 1,211,852
FFB yield 10.6 13.6 16.6 17.8
Lower FFB output in FY22 due to disruption in operation
brought about by pandemic

Repost:
Area Statement as at Jun 2024
Plantation Land Area(Ha)
Plantable Area (Ha)
Planted / Mature(Ha)
Area cleared for replanting(Ha)
Simalau Plantation 5,003 4,866 3,846 1,020
Hariyama Plantation 10,600 9,645 9,645 -
Wealth Houses Plantation 6,000 5,757 5,757 -
Lepah Plantation 5,149 4,099 4,099 -
Daro Plantation 11,681 9,841 9,841 -
Eastern Eden Plantation 10,000 8,580 8,580 -
Poh Zhen Plantation 5,000 2,933 2,933 -
Sawai Plantation 6,050 5,448 5,448 -
Lassa Plantation 21,300 16,287 16,287 -
Kabang Plantation 2,700 2,133 2,133 -
Total 83,483 69,589 68,569 1,020

The figures and facts below:
FYE2024
Jayatiasa plantation on rented land
Lepah Plantation: 5,149
Daro Plantation: 11,681
Sawai Plantation: 6,050
Lassa Plantation: 21,300
Kabang Plantation: 2,700
Totsl 46,880

FYE 2023
Wealth Houses Plantation 6,000
Lepah Plantation: 5,149
Daro Plantation: 11,681
Sawai Plantation: 6,050
Lassa Plantation: 21,300
Kabang Plantation: 2,700
Totsl 52,880

FFB production:
30-Jun-2022(Actual)
30-Jun-2023(Actual)
30-Jun-2024(Actual)
30-Jun-2025(Budget)
Planted area (ha) 69,589 69,589 68,569 67,449
Immature (%)(<4 years)0.0% 0.0% 0.0% 0.0%
Young mature (%)(4-7 years)3.1% 0.0% 0.0% 0.0%
Prime mature (%)(>7 years)96.9% 100.0% 100.0% 100.0%
FFB production (MT) 737,723 943,924 1,155,478 1,211,852
FFB yield 10.6 13.6 16.6 17.8
Lower FFB output in FY22 due to disruption in operation
brought about by pandemic

Balance sheet
RM ’000 As at 30/06/24 As at preceding FY end 30/06/23
Non-Current Assets 1,585,598 1,610,557
Current Assets 395,667 343,943
Total Assets 1,981,265 1,954,500
Total Equity 1,527,113 1,377,785
Non-Current Liabilities 312,216 441,120
Current Liabilities 141,936 135,595
Total Equity & Liabilities 1,981,265 1,954,500
Net Asset per share (RM) 1.58 1.42

Cashflow figures:
Current year-to-date 30 Jun 2024
Corresponding year-to-date 30 Jun 2023
RM'000
Net cash generated from operating activities 360,029 297,188
Net cash used in investing activities (114,828) (44,406)
Net cash generated from/(used in) financing activities (195,301) (287,106)
Effect of exchange rate changes 18 184
Cash & cash equivalents at beginning of financial period 194,204 228,344
Cash & cash equivalents at end of financial period 244,122 194,204

Repost figures and facts:
Is jayatiasa with Budget FYE2025 FFB production 1,211,852 MT not good enough?

How many mid-size plantations in Malaysia able to produce FFB per year of over Million?

Can you find me a plantation stock value at market cap 1,237 million with FFB production of over a million?

Market Cap: 1,237 Million
NOSH: 974 Million

Aiyoyo Mike-tikus jak now 12.5 sen will it break the 52 weeks low of 12 sen?

Is PMX now saying T15 are those monthly income of RM100,000 a month or RM300,000 a month?

Aiyoyo Mike-tikus lose naked in jaks and now also lose his mind. Kasien Kena Tippu by ALP!🤣🤣🤔

By the way jayatiasa management already gave budget FYE2025 FFB production 1,211,852 MT.

Aiyoyo Mike-tikus did not know 1st half of the year is low production season and second half is the peak production season?

So what will be quarter ended 31/12/2024 profit look like?
FCPO hit rm4868.

Aiyoyo Mike-tikus you can check my dividend from jayatiasa to know am I trapped high?

Or had you copy my posted on my jayatiasa buying position which I alreadt delete?

After selling down to below 5% then no need to report loo.
So another 1% to sell?

Market Cap: 1,217 Million
NOSH: 974 Million
Avg Volume (4 weeks): 4,723,200
4 Weeks Range: 1.11 - 1.28
4 Weeks Price Volatility (%): 82.35%
52 Weeks Range: 0.895 - 1.53
52 Weeks Price Volatility (%): 55.91%

So Mike-tikus next few months will jayatiasa test the 52 weeks low of RM 0.895 or break the 52 weeks high of RM 1.53?

Aiyoyo Mike-tikus, I also thank you for talking down jayatiasa price so that I can collect more.

But how come you never thank me for presenting the figures and facts about jaks so that you can collect more jaks at cheaper price?

Aiyoyo Mike-tikus,
Now is already November 2024, FCPO hit rm4868 this will come into quarter ended 31/12/2024.

So if QR ended September is expected Higher Profit ..then what will happen to QR ended December 2024?

Will monitor FFB production for month Oct, Nov and Dec 2024.
Note: Year 2023 FFB production
Oct 132,551
Nov 114,287
Dec 98,939
Total 345,778

If you took out one zero from Pchem price what different between insas and Pchem price cycle?

Note:
Stock: [INSAS]: INSAS BHD
Jun 4, 2023 4:23 PM | Report Abuse

Ular,
Some year back stockraider even win his bet with Philip Insas Vs QL

Now I'm trying to repeat what stockraider has done:

Stock: [INSAS]: INSAS BHD
Apr 8, 2023 11:07 PM | Report Abuse

Since insas is my 50% holding and Pchem is Philip 38% holding.
1 year bet insas RM 0.775 vs Pchem RM 7.50.

The race is on Insas break RM 1.03 or Pchem break RM 10 in 1 year time.

3iii,
Philip holding on Pchem.
What do you think of his investment?
Is he lucky to average down his cost and then unlucky he did not sold more when price was above RM 10?
Is Pchem price volatile?

Market Cap: 42,960 Million
NOSH: 8,000 Million
Avg Volume (4 weeks): 2,441,721
4 Weeks Range: 5.31 - 5.83
4 Weeks Price Volatility (%): 11.54%
52 Weeks Range: 5.28 - 7.38
52 Weeks Price Volatility (%): 4.29%


Date
Type
Shares
Unit Price
Net Amt.
Balance Shares
Realized Gain
Average Cost Per Share
Balance Cost Per Share
04-Jan-2019 Buy +1,495,200 8.18 +12,262,512.84 1,495,200 - 12,262,512.84 8.201 12,262,512.84 8.201
29-Mar-2019 View note Buy +28,000 9.10 +255,751.66 1,523,200 - 12,518,264.50 8.218 12,249,128.50 8.041
06-May-2019 Buy +10,000 8.90 +89,351.55 1,533,200 - 12,607,616.05 8.223 12,338,480.05 8.047
28-May-2019 Buy +10,000 8.45 +84,834.28 1,543,200 - 12,692,450.33 8.224 12,423,314.33 8.050
17-Jul-2019 Buy +15,000 7.91 +119,119.03 1,558,200 - 12,811,569.36 8.222 12,542,433.36 8.049
18-Jul-2019 Buy +500,000 7.62 +3,821,296.50 2,058,200 - 16,632,865.86 8.081 16,363,729.86 7.950
24-Jul-2019 Buy +50,000 7.49 +375,804.78 2,108,200 - 17,008,670.64 8.067 16,739,534.64 7.940
12-Aug-2019 Buy +200,000 7.12 +1,428,400.80 2,308,200 - 18,437,071.44 7.987 18,167,935.44 7.871
29-Aug-2019 Buy +50,000 6.72 +337,191.20 2,358,200 - 18,774,262.64 7.961 18,251,224.64 7.739
29-Aug-2019 Buy +5,000 6.62 +33,231.65 2,363,200 - 18,807,494.29 7.958 18,284,456.29 7.737
02-Sep-2019 Buy +100,000 6.78 +680,200.10 2,463,200 - 19,487,694.39 7.911 18,964,656.39 7.699
05-Feb-2020 Buy +950,000 6.30 +6,002,060.25 3,413,200 - 25,489,754.64 7.467 24,966,716.64 7.314
02-Mar-2020 Buy +580,000 5.20 +3,025,097.20 3,993,200 - 28,514,851.84 7.140 27,752,889.84 6.950
10-Mar-2020 Buy +700,000 4.35 +3,054,182.75 4,693,200 - 31,569,034.59 6.726 30,807,072.59 6.564
20-Mar-2020 Buy +750,000 4.09 +3,076,749.13 5,443,200 - 34,645,783.72 6.364 33,883,821.72 6.224
12-May-2020 Buy +400,000 5.43 +2,178,607.40 5,843,200 - 36,824,391.12 6.302 36,062,429.12 6.171
15-May-2020 Buy +500,000 5.43 +2,723,209.25 6,343,200 - 39,547,600.37 6.234 38,785,638.37 6.114
28-Aug-2020 Buy +550,000 5.48 +3,023,091.30 3,843,200 - 23,555,024.32 6.129 20,833,391.37 5.420
03-Feb-2021 Buy +100,000 6.85 +687,220.75 2,843,200 - 17,500,330.32 6.155 13,868,174.12 4.877
26-Jan-2022 Buy +50,000 8.91 +447,416.40 2,793,200 - 17,332,231.45 6.205 12,322,630.12 4.411
24-Feb-2022 Buy +150,000 9.18 +1,381,855.60 2,933,200 - 18,652,035.52 6.358 13,612,881.32 4.640
24-Aug-2022 Buy +100,000 8.50 +853,380.00 2,933,200 - 18,869,521.77 6.433 12,779,470.12 4.356
13-Feb-2023 Buy +100,000 8.08 +811,262.40 2,933,200 - 19,037,475.78 6.490 12,005,826.52 4.093
28-Mar-2023 Buy +70,000 6.83 +480,157.18 3,003,200 - 19,517,632.96 6.498 12,016,671.70 4.001
25-Mar-2019 Dividend 1,495,200 0.18 -269,136.00 1,495,200 - 12,262,512.84 8.201 11,993,376.84 8.021
13-Aug-2019 Dividend 2,308,200 0.11 -253,902.00 2,308,200 - 18,437,071.44 7.987 17,914,033.44 7.761
26-Feb-2020 Dividend 3,413,200 0.07 -238,924.00 3,413,200 - 25,489,754.64 7.467 24,727,792.64 7.244
07-Sep-2020 Dividend 3,893,200 0.05 -194,660.00 3,843,200 - 23,555,024.32 6.129 20,638,731.37 5.370
24-Feb-2021 Dividend 2,893,200 0.07 -202,524.00 2,843,200 - 17,500,330.32 6.155 13,665,650.12 4.806
24-Aug-2021 Dividend 2,743,200 0.23 -630,936.00 2,843,200 - 17,500,330.32 6.155 13,034,714.12 4.584
07-Dec-2021 Dividend 2,743,200 0.10 -274,320.00 2,743,200 - 16,884,815.05 6.155 11,875,213.72 4.328
11-Mar-2022 Dividend 2,933,200 0.23 -674,636.00 2,933,200 - 18,652,035.52 6.358 12,938,245.32 4.410
08-Sep-2022 Dividend 2,933,200 0.25 -733,300.00 2,933,200 - 18,869,521.77 6.433 12,046,170.12 4.106
13-Mar-2023 Dividend 2,933,200 0.16 -469,312.00 2,933,200 - 19,037,475.78 6.490 11,536,514.52 3.933
06-Sep-2023 Dividend 3,003,200 0.08 -240,256.00 3,003,200 - 19,517,632.96 6.498 11,776,415.70 3.921
09-Jun-2020 Sell -1,000,000 6.90 -6,880,515.00 5,343,200 +645,869.97 33,312,955.34 6.234 31,905,123.37 5.971
10-Jun-2020 Sell -1,000,000 6.89 -6,870,541.50 4,343,200 +635,896.47 27,078,310.30 6.234 25,034,581.87 5.764
11-Jun-2020 View note Sell -1,000,000 6.89 -6,881,496.60 3,343,200 +646,851.57 20,843,665.27 6.234 18,153,085.27 5.429
06-Jul-2020 Sell -50,000 6.88 -342,785.20 3,293,200 +31,052.95 20,531,933.02 6.234 17,810,300.07 5.408
12-Nov-2020 Sell -550,000 6.80 -3,728,889.00 3,293,200 +357,931.63 20,184,066.95 6.129 16,909,842.37 5.134
20-Nov-2020 Sell -550,000 6.80 -3,728,889.00 2,743,200 +357,931.63 16,813,109.57 6.129 13,180,953.37 4.804
06-Oct-2021 Sell -100,000 8.88 -885,180.40 2,743,200 +269,665.12 16,884,815.05 6.155 12,149,533.72 4.428
11-Feb-2022 Sell -10,000 9.20 -91,604.40 2,783,200 +29,552.88 17,270,179.92 6.205 12,231,025.72 4.394
07-Apr-2022 Sell -100,000 10.16 -1,012,155.20 2,833,200 +376,261.45 18,016,141.77 6.358 11,926,090.12 4.209
04-Jan-2023 Sell -100,000 8.55 -851,606.00 2,833,200 +208,297.61 18,

By the way Mike-tikus cannot differentiate ROE and growth.
One is efficient use of equity the other is growing the revenue and thus income.

Aiyoyo Mike-tikus
Not dare to answer Philip's question?
How many million shares of Jaks are you currently holding?

Then may I ask how many units of Scicom shares are you currently holding?

I show-off a bit my dividend for this year already more than 200k.
How about you Mike-tikus?

So Mike-tikus when only you dare to answer Philip's question?
How many million shares of Jaks are you currently holding?

Your sifu 3iii posted below on jaks:
FCF (69)
FCF Yield -16.71%

FINANCIAL DATA
PRICE 0.14 MYR
MARKET CAP 364.96m
EPS 0.12 sen PER 116.67 ROE 0.20%
P/b 0.24 NTA 0.590
DIV 0

Aiyoyo Mike-tikus what is the ROE of jaks?
Mikecyc Haha I am more interested on ROE for investing lo !
—-

Aiyoyo Mike-tikus do you know many of plantation land in Malalaysia and all plantation land in Sabah and Sarawak are lease hold?

So Jayatiasa is doing the right thing to rent the lease hold land?

Mike-tikus can't even different what is a proposal by Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi who not even know land law is under judiciary of STATE.

Kimloong
2024 :
July. 26,503
August. 27,367
Sept. 27,464
Total = 81,334. ( + 30.8 % vs 2019)

Jayatiasa
July 2024 : 101,601
August 2024 : 123,613
Sept 2024 : 118,183
Total = 343,397 ( - 19.4 % vs 2019 )

Mike-tikus Jayatiasa FFB production is 343,397/81,334= 4.22.
So am I right to say jayatiasa FFB production is 4.22 times higher than Kimloong?

So in year to come will jayatiasa acquire the rest of the rented land?

Again Mike-tikus no facts and figures.

Pulau Bruit Lot 108, Block 14 Bruit Land District Leasehold land expiring on 18.05.2064
Oil Palm Estate, Building & Quarter 5,967.1 hectares 16 years 5,998
29/Aug/2023

Date of Acquisition 29/Aug/2023

Is jayatiasa with Budget FYE2025 FFB production 1,211,852 MT not good enough?

How many mid-size plantations in Malaysia able to get FFB per year of over Million?

Can you find me a plantation stock value at market cap 1,217 million with FFB production of over a million?

Market Cap: 1,217 Million
NOSH: 974 Million

So what is jayatiasa FFP output compare with inno and kimloong?

Mike-tikus isn't it a fact jaks do not have money to take on any more project.
How sure are you on jaks getting LSS5 and how jaks going to finance it?
Unless jaks asking more money from investors or shareholders with PP or RI.

Aiyoyo Mike-tikus,
Jayatiasa out of total plantation land 83,483 Ha 46,880 Ha is rented land you already make so much fuss and now you recommend Inno with all rented land?

Kimlooong is OK with limited plantation land but the price already too high.

Jayatiasa price should caught up with better dividend moving forward

Aiyoyo Mike-tikus, why sell jayatiasa when CPO price is in an uptrend?
If sell jayatiasa then buy what? Buy Jaks?

Jul 2024 MPOB CPO spot price: RM 4034
Aug 2024 MPOB CPO spot price: RM 3910
Sep 2024 MPOB CPO spot price: RM 4023
Oct 2024 MPOB CPO spot price: RM 4387

Posted by Mikecyc > Nov 3, 2024 4:39 PM | Report Abuse
oredi said QR ended September 2024 shl be higher then previous QR .. is an Opportunity for unloading ke ???

By the way Mike-tikus can't you stop cut and paste financial data from your unreliable pasar malam source but go and read the financial report.

You need realible source (financial report) to do 3 own and not just cut and paste from pasar malam source.
Remember Do 3 Own : Own Homework, Own Analysis and Own DecisionS as only you know your Risk level .

Aiyoyo Mike-tikus no facts and figures again.
Since when did I promote Xingquan?

By the way Philip did promote Serbadk with his blog.

Aiyoyo,
Mike-tikus jayatiasa is so simple just monitor the FFB production and MPOB spot price and you should know what will be next quearter profit look like.

Quarter ended 30/9/2024
Crude Palm Oil (MT) 69,463.00
Fresh Fruits Bunches (MT) 343,397.00
Palm Kernel (MT) 15,878.00

So can expect the quarter end 30/9/2024 plantation
EBITDA of at least: RM 358.41 X 343,397 = RM 123,076,918

Quarter ended 30/9/2023 CPO price: RM 3732
Quarter ended 31/12/2023 CPO price: RM 3616
Quarter ended 31/3/2024 CPO price: RM 3838
Quarter ended 30/6/2024 CPO price: RM 4026

Jul 2024 MPOB CPO spot price: RM 4034
Aug 2024 MPOB CPO spot price: RM 3910
Sep 2024 MPOB CPO spot price: RM 4023
Oct 2024 MPOB CPO spot price: RM 4387

Budget FYE2025 FFB production 1,211,852 MT

Jayatiasa plantation EBITDA for FYE 30/6/2024 is RM 414 million.
FFB production: 1,155,478 MT
Or CPO 228,631MT + PK 52,399MT

Plantation Revenue per MT FFB = 957,886,000/1,155,478 = RM 829.00
EBITDA per MT FFB= 414,132,000/1,155,478= RM 358.41
Direct cost = 829-358 = RM 470.59 per MT FFB

Segmental Information
The financial information in respect of the Group’s business segments for the current financial year
ended 30 June 2024 is as follows:
Oil Palm Timber Others Elimination Total
RM'000 RM'000 RM'000 RM'000 RM'000
REVENUE
External 957,886 56,589 1,317 1,015,792
Inter segment 720,949 83,663 3,320 (807,932) -
Total Revenue 1,678,835 140,252 4,637 (807,932) 1,015,792
EBITDA 414,132 (20,520) (1,598) - 392,014
Finance cost (9,998) (8,352) (111) - (18,461)
Depreciation and amortisation (125,588) (10,067) (2,051) - (137,706)
Segmental result 278,546 (38,939) (3,760) - 235,847
Group admin and overhead cost (27,064)
Other expenses (2,190)
Profit before tax 206,593

Aiyoyo Mike-tikus must be copy and paste from Pasar malam punya source.
SGD
FCF Yield -0.3 %?????

你知不知道 你知不知道 我等到花兒也謝了

If CPO price can hold at this level then quarter ended 31/12/2024 will be another fantastic quarter.

But for jaks quarter ended 31/12/2024 will be as usual multi-million in impairment of receivables.

Rrpost from Yinson forum
Mike-tikus,
Yinson EBITDA is expected to reach about USD 1 billion annually from 2026.

Free cash flow after repaying debt and interest to reach USD 200 – USD 300 million annually from 2026 onwards, based on today’s interest rates

Mike-tikus you better sell your jaks and buy Yinson.
Yinson FCF USD 200 – USD 300 million 2026 onward while you need to wait till 2030 for jaks FCF to turn positive

Thinking is not enough you need to put your thought into calculation or paper to get a clearly picture.

Only loser or those cannot perform or did not perform will quote below in the self fallacy if you wait long enough your stocks will start to perform.
“The big money is not in the buying and the selling, but in the waiting.”

Mike-tikus just name-dropping 3i to seek attention and creditability.

Mr. Market often acts as a Manic-Depressive not very true. Mr.Market is actually acting on market supply and demand imbalance.

Many if not all industries/stocks are cyclical in nature with their up and down cycle. Thus timing the cycle is very inportant if you aim to outperform the market.

If you are at rich as Philip then no worry you can continues average down your cost at the down cycle and if you do that long enough then for sure the up cycle will come one day and your stocks start to perform again

But for many of us that is not so rich and can't afford to continues average down while waiting for the up cycle then knowing the market supply and demand imbalance condition will stand you a good chance of buying low and selling high.

By the way Philip Pchem is now on the down cycle ie supply growth outpace the demand growth.

Mike-tikus/John-pig still no bola to answer a simple question from Philip?
How many million shares of Jaks are you currently holding?