http://www.thestar.com.my/Business/Business-News/2014/08/25/Jag-expects-to-see-10-growth-next-year/?style=biz

Jag expects to see 10% growth next year

Monday, 25 August 2014
By: DANIEL KHOO
Nigel(left) and Tan at the briefing. “We see a better financial situation next year. While for this year, we should be able to achieve what we achieved last year and I am fairly confident of this,” executive director Datin Stacey Tan told StarBiz.

Nigel(left) and Tan at the briefing. “We see a better financial situation next year. While for this year, we should be able to achieve what we achieved last year and I am fairly confident of this,” executive director Datin Stacey Tan told StarBiz.

SHAH ALAM: Electronic waste-recycling company Jag Bhd expects to match its financial performance achieved in financial year ended Dec 31, 2013 and eyes a further 10% growth in topline in the following FY15.

“We see a better financial situation next year. While for this year, we should be able to achieve what we achieved last year and I am fairly confident of this,” executive director Datin Stacey Tan told StarBiz.

“We are in the midst of securing new suppliers now – and this is all the hard work we put in now (this year). This is the first year where Jaring Metal Industries Sdn Bhd (JMI) is being listed and it is the first time where people in the industry would have heard about us,” Tan added.

JMI, which was privately held before, in the beginning of this year completed a reverse takeover (RTO) process of Jag, which was formerly known as Infortech Alliance Bhd that is listed on the Ace Market of Bursa Malaysia.

The enlarged group today saw almost its entire revenue contribution from the wholly owned JMI, said Tan, adding that the company still intended to retain the information technology side of the business as it still had a strong client base there.

In its FY13, Jag recorded a 8.14% growth in its topline to RM135.7mil while net profits dipped slightly to RM7.88mil from RM8.5mil in FY12 due to an increase in costs and a loss from commodity hedging.

Jag, which is based in Shah Alam, is confident of increasing returns as the waste-recycling industry in the country is regulated by the Government.

The company noted that there were presently 18 companies that had been granted licences in the full recovery category of waste recycling in Malaysia and there are four of such companies in Selangor.

Jag also has major multinational companies in the semiconductor manufacturing industry as its clients or suppliers, which are renewable on a contract basis for up to three years.

The company’s facility today processes mainly 80% of e-waste that would eventually be converted into copper.
“We follow our pricing of buying (scrap) from these suppliers on floating prices on the London Metal Exchange (LME).

“We also sell the raw materials following the prices on the LME and get a premium from the difference for the processing into ingots and bars that we do,” said Jag executive director Datuk Nigel Ng. “The Government regulations with the licence allow for only local sourcing of scraps following the rationale that we should clean up our own backyard first,” Ng added.

Eventually, Tan said the company intended to broaden its scope to be a one-stop provider for waste recycling in Malaysia.

“As it is, we are the only listed company doing e-waste recycling and we hope to eventually branch out and this can be seen with our efforts by signing a memorandum of understanding (MoU) with SWT International Sdn Bhd to process medical waste,” Tan said.

The MoU for a joint venture, which is due next month, would be extended for a further six months pending further finalisation of other finer details and the like, added Tan.

“This will give us room to ensure that we are very clear before we go straight into the joint venture. Although I see very high chances but we do need to be very clear first before we pump a whole lot of money into it (the venture),” said Tan.

The company had seen keen interest from several bankers and funds of late and there was some kind of excitement and curiousity invoked when the recycling industry is mentioned.

Other recyclers which are publicly listed today are Ace Market Hiap Huat Holdings Bhd and Tex Cycle Technology (M) Bhd; and the SGX Listed Metech International Ltd.

Meanwhile, with the help of an reinvesment allowance grant from the Government, Jag recently bought a new machine that is imported from Australia which allows copper and nickel to be exctracted directly from solid and liquid waste.

“This machine will increase efficiency and productivity as we do not need to use the furnace that has to be fuelled up every now and then. We use chemicals instead to extract these metals,” said Ng, who took StarBiz on a tour of the facility recently.

The new machine, which would go into operations by the end of the year, would enable it to increase its total processing capacity by 10% to 1,100 tonnes per month.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1713425

Additional information:
If you have holding power may wait until JAG announce about the medical recycle business news once they got the license and believe that time will be seeking transfer from ACE market to Main board soon.

vito555: welcome on board is not too late as trend just started.

Happy holding & trading and buy at your own risk.

Again another update for JAG BHD:

1) 1st interim dividend = 0.0025 each share = Payment date : 05/09/2014
2) Changed Audit Committee.
3) Quarterly rpt on consolidated results for the financial period ended 30/6/2014
Revenue = 35740
Profit after tax = 2206
EPS = 0.34

Congratulations who holding the JAG shares!!!!!

Have some update here about the changes of share holders of directors:

After observed below shareholders, I'm Guessing must be have some agreement between each other of them where Datin Tan Siew Ching keep collecting & acquired those shares where disposing from Dato' Ng Aik Kee & Ng Meow Giak with shares vide crossing deal and sold the shares from some hidden investors with off market deal.

I'm guessing some of the hidden investor pump in $$ into the company where invest into this company.It seems for me that soon they will have some news to announce regarding the medical waste business where joint venture with SWT international company after issues bonus + warrants. For sure the price will have some adjustment and correction.

This make me feels much secured & confident to keep this counter for long term.

Below is the changes with summary:

01/08/2014 Changes in Sub. S-hldr's Int. (29B) - NKK Capital Sdn. Bhd.
01/08/2014 Changes in Sub. S-hldr's Int. (29B) - Dato' Ng Aik Kee

Circumstances by reason of which change has occurred
Disposal of shares by NKK Capital Sdn. Bhd. vide off-market transaction

01/08/2014 Changes in Sub. S-hldr's Int. (29B) - Dato' Ng Meow Giak
01/08/2014 Changes in Director's Interest (S135) - Dato' Ng Meow Giak

Circumstances by reason of which change has occurred
Disposal of shares vide crossing deal

01/08/2014 Changes in Director's Interest (S135) - Datin Tan Siew Ching
Type of transaction
Date of change & No of securities
Price Transacted Acquired 01/08/2014 (RM) 5,000,000
0.400
Circumstances by reason of which change has occurred
Acquisition of shares vide crossing deal
Nature of interest Direct interest
Consideration (if any) RM2,000,000.00

Again, I'm here giving some personal opinion and not for calling Buy or Sell for this stock.
Buy at your own risk and do your own study before you purchase it.

Cheers
BWS

Nowadays got so many smart & expert investors hiding in the market. KLSE got so many good stocks can be able to trade by desire profit based on their earning target. Especially for this counter as well as contra players playing as well if you look at the buying/ selling volumes. But most of the short term players also keep monitoring and waiting good times to buy in during the good news announcing by the company.

Today, Bonus + warrant has been approved and believe will be attracting more and more contra & short term & mid-term or long term players so let's see the TP 0.45 will meet soon and second trend TP0.65 for the next announcement where transfer from ACE market to Main Board.

Bonus

EX-date 11/08/2014
Entitlement date 13/08/2014
Entitlement time 05:00:00 PM
Entitlement subject Bonus Issue
Entitlement description Bonus issue of 292,413,844 new ordinary shares of RM0.10 each in JAG (“JAG Shares” or “Shares”) (“Bonus Shares”) on the basis of nine (9) Bonus Shares for every twenty (20) existing JAG Shares (“Bonus Issue of Shares”)

Warrants

EX-date 11/08/2014
Entitlement date 13/08/2014
Entitlement time 05:00:00 PM
Entitlement subject Others
Entitlement description Issuance of free warrants in JAG (“Warrants”) on the basis of ten (10) Warrants for every twenty (20) existing ordinary shares of RM0.10 each in JAG held at the same date as the Bonus Issue of Shares (“Free Warrants Issue”)

Show will be start next week as the Director acquired 4000000 x 0.40 =RM 1.6M after AGM.

JAG BERHAD

Information Compiled By KLSE
Admission Sponsor M&A Securities Sdn Bhd
Sponsor Same as above
Particulars of Director
Name Datin Tan Siew Ching
Address 22, Selekoh Tunku, Bukit Tunku, 50480 Kuala Lumpur, Wilayah Persekutuan
Descriptions(Class & nominal value) Ordinary Shares of RM0.10 each
Details of changes

Currency: Malaysian Ringgit (MYR)
Type of transaction

Date of change

No of securities

Price Transacted (RM)
Acquired

25/07/2014

4,000,000

0.400

Circumstances by reason of which change has occurred
Acquisition of shares vide off-market transaction
Nature of interest Direct Interest
Consideration (if any) RM1,600,000/-
Total no of securities after change
Direct (units) 18,338,023
Direct (%) 2.82
Indirect/deemed interest (units) 0
Indirect/deemed interest (%) 0
Date of notice 25/07/2014

Expected will be approved. Looking forward for 2nd trend TP 0.65

Congratulation to all JAG supporters. 2moro will shoot up TP0.45 for the first trend then we will see the 2nd trend TP again.

Definitely will be approved the Bonus + warranty as majority share holders from JMI hold abt 72%

Morning opening trade ald 0.395.. Hopefully hit the TP 0.45 soon.

jsjy123. Good show today!!! Bravo...Now is the time to up with TP 0.45 soon with very strong trend buying from traders even those during the day where MH17 plane crashed breaking news and caused most of the stock around the world was shocking dropped but this counter still stand. By the way, Happy trading with all traders and Deepest condolence to all MH17 victims and families.

DickyMe : I could not tell you how sure but it is depend how strong the fundamental of the counter and coming quarterly result with revenue & profit but it will dilute the earning per shares EPS due to more new ordinary shares issues unless the counter just only wish to raise the fund for some other purposes like paying debts instead of expand their business. Again buy at your own risk and study by yourself before you trade.

Logic: Based on the Bursa malaysia where JAG Bhd proposed as below:

JAG BERHAD (FORMERLY KNOWN AS INFORTECH ALLIANCE BERHAD) (“JAG” OR THE “COMPANY”)

I. PROPOSED BONUS ISSUE OF SHARES; AND
II. PROPOSED FREE WARRANTS ISSUE

I do not see any proposal will where after bonus + warrant issues will split the share.

Meaning JAG BHD would like to raise the fund from the investor with discount to expand the business from investor for every share (current) 0.38 cents and improve the share liquidity trading in the market.

Based on the current stock price 0.38 cents
Every 20 units will free 9 units = 20 x 0.38 = 7.6 / 29 = 0.262 cents per share.
Mean every share discount to investor by 31%.

Besides that, Free warrant issues right as every 20 free 10 units.
Mean additional extra warrant share bonus with 0.10 cent per share.

Conclusion: Once the free bonus + warrant right issues is given the shares will be remaining the same market prices.

Why this potential counter can be invest as below after studied:

1)Doing electronic waste recycle company as after JMI use infortec to become a listed company and changed name into JAG bhd and 90% profit contribute from JMI BHD which headquarter located in KL and three branches where located in Penang,Melaca and Johor meaning covered in west malaysia. While existing software business still carry out in China,Japan,India and Malaysia where contribute 10% profit.

2) JMI directors step up become the majority shares holder with siblings and relatives up to 70%+/-.

3) Recently the company also involved where joint venture 51:49 ( JAG : SWT international BHD) doing the medical waste recycle business. it will taking 6 months to complete the finalize marriage deal and sure once it start the business will be have another big contribution engine to boost JAG bhd profit as the company which has integrated technology development, construction and operation management focusing on environmental protection and alternative energy businesses.

4)Seeking to transfer from ACE market to enhance the reputation of company image as the revenue and profit has been meet the bursa requirements.

5)Warrant + bonus issues shares will be releases soon once it approve it from Bursa Malaysia.

Conclusion: TP 0.45 for the upcoming trend and looking forward the JMI keep contributing with stable revenue & profit in the electronic waste recycle business and SWT once in line business will strongly believe bringing with high revenue and profitable to JAG bhd with second trend will be back to 0.65.

Are you invest already, do not miss the boat before shoot up? I'm on the boat now.

Again buy at your own risk and do your own study before you buy this stock.

Regards
BWS

jsjy123 : You're welcome. I'm happy to share it as we all as an investor. This counter after observed sometimes really like as ugly duck to convert into a Phoenix soon.

This is the link about the JAG seeks to transfer into Main market and the majority shares hold by Ng, together with his family members who founded JMI, have now become the controlling shareholders of Jag. He, together with his siblings and their mother hold a collective 71.23% in the firm.; http://www.thestar.com.my/Business/Business-News/2014/07/09/Jag-plans-to-seek-Main-Market-transfer/

It seems like the volume numerously increasing today up to now with 0.37 cents now

Buy back 100 lots with 0.365 to keep some and will accumulate more before right issues.

Yes, jsjy123. Strong support level at 0.35. I think this counter can be hold for midterm while observe sometimes to see the quarter result whether maintaining the profitable then i think I will hold it for long term as JAG bhd joint venture with SWI international company with the medical waste recycle business and believe if they do good will have more room expand the business with some other waste recycle business. Another strong point for this counter is majority shares holding by Jaring matal directors and sibling relatives about 70%+/-.

I will buy back again when it drop about 35 cents as the jaring metal new directors mainly control this company ( Majority shares 70%) and they are seeking to transfer from ACE market to main market.

Having said that, outside investor wanna pump in more $$ to invest this counter and soon will be announce it. Meaning this counter gonna fly again and more good news will be releasing.

Atlas: Any latest news you received or sign that someone wish to buy over the company?

PVD: Nothing wrong but just the new directors keep disposing their shares. Dunno why?

Disposed 100 lots now. At least still earn some instead of earning profit getting less n less

Dragon: it's seem like the second news where director keep disposing their shares will be a second down trend soon...

It seen like zack as a broker keep telling people to buy buy buy.... Pls

Once it announce the news where dispose another 2 ware house will shoot up like rocket...

collect some 0.845

Can give more news as you know raymond?

Yes. Me too... earn some $$