Point out which one of the followings is biased and with assumption.

1)It is the fact that the PP is set at 0.185 vs the current MV of 0.185 now -No assumption is made
2)It is the fact that the PP is not fully subscribed for by investors -No assumption is made
3)It is the fact that extension has been applied to complete the PP by Jan 2024 due to point 2 above-No assumption is made
4) It is the fact that the share capital has ballooned to 2.9b share-No assumption is made
5) At the cheap price of 0.185 , more shares need to be issued diluting the shareholding of the existing shareholders. No assumption is made
6) It is the fact that the company being sued for RM200m- No assumption is made
7) It is the fact that the DPR is proposed due to lack of fund to payout-No assumption is made

It is the fact that the financial risk increases when external borrowing increases-No assumption is made
It is the fact that the current total borrowing is RM 600m, the more they borrow, the higher the financial risk,the higher the risk of closing shop- No assumption is made
whether the bankers would lend them money or not is questionable - doubtful

It is the fact that you dont understand Simile at all - No assumption is made
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Building collapse cases in Msia very high kah. You sure Jaks also falling one kah. You only found some hairline cracks and you assume Jaks building pasti collapse kah. Haiyoh. Correct?

It is the fact that the financial risk increases when external borrowing increases-No assumption is made
It is the fact that the current total borrowing is RM 600m, the more they borrow, the higher the financial risk,the higher the risk of closing shop- No assumption is made
whether the bankers would lend them money or not is questionable - doubtful

Since you refer Sky falling to Armageddon, then we change the simile to building.

You don't run for your life only after the building has fallen ( the happening ). You must react fast before the happening.

As at to date ,the total external borrowing stands at RM 600m. It remains to be seen if the company can get external funding or not. Given the current pathetic credit status, it is believed that the company is likely to bite the bust.

You don't run for your life only after the sky has fallen ( the happening ). You must react fast before the happening.

It is the the fact that Public fund is referred to PP and RI- No assumption is made

1)It is the fact that the PP is set at 0.185 vs the current MV of 0.185 now -No assumption is made
2)It is the fact that the PP is not fully subscribed for by investors -No assumption is made
3)It is the fact that extension has been applied to complete the PP by Jan 2024 due to point 2 above-No assumption is made
4) It is the fact that the share capital has ballooned to 2.9b share-No assumption is made
5) At the cheap price of 0.185 , more shares need to be issued diluting the shareholding of the existing shareholders. No assumption is made
6) It is the fact that the company being sued for RM200m- No assumption is made
7) It is the fact that the DPR is proposed due to lack of fund to payout-No assumption is made

It has already happened with the law suit by star for non-delivery of local project for a heft sum of RM 200m
It ahs already happened with the difficulties to raise fund be it externally and internally through time extension ,jeopardising the progress of the projects be it locally or oversea
It has happened with the proposed DRP where no physical dividend payout
It has happened with the difficulty to collect trade debts due to delay in delivery of projects for lack of funds.
More and more happenings to be reported later

Your persistent denial of the happenings is larger than your loss

In retrospect, the share price was plunged to RM 0.70++ in 2021 , many investment guru and IB supported with the " Buy Call " .Many investors followed suit. In 2022, the share price did not escalate as expected but was further plunged to RM 0.50++ . Despite that, Investment guru and IB were so confident that the company would rebound with another " Buy Call " . Many blindly followed suit and some kept averaging down to the pathetic current MV of RM 0.185-0.19.

Even at this interim price, one lady youtuber still advises her followers with the " Buy call " . It appears she has fallen in love with this stock and prepared to bury with it . Many investment guru previously recommended with " Buy call " are caught with big surprise , of course with huge paper loss . Well , nothing is unsinkable no matter how titanic you are .

It is pointless to talk about tons and tons of mega projects for which you dont have the funds to complete. Given the fact that the company is faced with difficulties to raise funds be it externally or internally ,all the mentions of mega projects granted ( subject to feasibility study ) is just paper talks and unlikely to be materialised.

No use. No fund to construct. Delivery is doubtful. It can be recalled that someone has done an investment appraisal on the said project for 25 years and the outcome is not feasible and viable for the company

The market is sceptical of such mega project to be undertaken overseas. In the wake of the Star's case, the company couldnt even deliver the local small project in time as a result of which it is embroiled with litigation by Star in the end for a hefty compensation claims of RM 200m. The market including Money market has lost faith in this company so to speak.
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JHDP has been granted the Investment Certificate by the Ministry of Planning and Investment of Vietnam on June 2011 to develop a 2 x 600 MW Coal Fired Thermal Power Plant Project in Phuc Thanh Commune, Kinh Mon District, Hai Duong Province, Vietnam ("Hai Duong BOT Thermal Power Plant"), under the form of Build-Operate-Transfer ("BOT") for 25 years.

Referred to FY21 Annual Report : - outdated and it can not be relied on.....sorry to say.

Given with all these harbingers, they are still ignorant of them and behaving like ostriches putting heads in the sand as if every thing was going to be fine in this company for a million years .

Given with all these harbingers, they are still ignorant of them and behaving like ostriches putting heads in the sand as if every thing is going to be fine in this company ...... perhaps in their fantasy......

The proposed DRP is really a mockery to the investors. Dividend declared to you but no physical payment. The investors are believed to be very pissed with this proposal. Fundamentally speaking, the investors are looking for two things in their investment returns. First is the " Dividend" and second is the " Capital gain through appreciation of share price ".

As at now , No physical delivery of dividend , No appreciation of capital gain but capital loss , on top of all things , the company is appealing to investor to pump in more investment through PP and RI. Do you really believe that the investors are keen to continue to support the company ? Basically , the investors have lost confidence in this company.

Exactly, they are cash stricken to complete the projects oversea .More material litigations are expected.

No assumptions are made . Your ignorance is larger than your loss

It is the fact that Jaks has been sued by Star for failure to deliver for a hefty claim of RM 200 m.
It is the fact that this project is a local project and yet the company can not deliver

The Market is not Stxpid. They are discerning and capable to judge .They dont react only after the sky has fallen unlike you. The harbingers and truth are out there, they can see them clearly but you you just look and not see ... thats your problems,isnt it ?

You may recall that Jaks has been sued by Star for failure to deliver for a hefty claim of RM 200 m. This is the local project and yet the company can not deliver. The legal case is still ongoing. Jaks is expected to lose and required pay for the said sum ,which would be the final nail to the coffin

From your posting, the share of JV profits is shown to be reducing in the interim which signifies that the projects are near completion if not completed. For this reason, the cash inflows should have been improved with the collection and return of retention .Why is the cashflows still depleting fast and furious? The proposed DRP and time extension of PP tell it whole.
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The receivables consist of contract and retention sums for construction projects, including the USD454m Engineering, Procurement and Construction (“EPC”) 2 Vietnam Contract. We do not foresee any problems with the collection when it is fully completed.

The proposed DRP is another harbinger of collapse to come. why?

Referring to the proposed DRP , basically, the company is telling the whole world that they would declare " Dividend" but they are unable to pay . They are insinuating that they are cash stricken . They dont have " hard cash" to pay ie no physical payment of Dividend but merely for accounting purposes. Their reason given to you is that the company is in need of fund as working capital to fund the oversea projects.

To put it another way, the company is severely faced with difficulties to raise funding be it external funding ( the external borrowing to date stands at RM 600m and needless to mention PP and RI . RI is out of the question given the bad shape of the company. The only option left is PP. Even For the recent PP, despite it is not sizable , the company still finds it difficult to raise as a result of which desperate time extension is sought to complete the PP. so pathetic. More to reveal.

The proposed DRP is another harbinger of collapse which will be dealt with.Stay tune

The PP price was set after discount of 8.64% from the pre fixing price of 0.2025

The currenet MV of 0.180 is even below the pre fixing price ...so pathetic


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The issue price of RM0.1850 represents a discount of RM0.0175 or approximately 8.64% to the 5-day VWAP of JAKS Shares up to and including 17 May 2023, being the market day immediately preceding the price-fixing date of RM0.2025 per JAKS Share.

Jaks is seriously cash stricken. External borrowing is out of the question given the current pathetic financial performance.

Their only options now are either PP or RI. For sure,RI is backfired and unworkable given the pathetic MV. PP is believed to be the only option now. However PP is believed to be doomed soon following their recent application for desperate time extension to complete the PP for failure to raise the PP. All these are the harbingers of the collapse to materlise.....

Judging from the current circumstances, Jaks is now seriously faced with difficulties to raise funds as working capitals to fund their projects be it local or oversea is alarming which is a harbinger of collapse to come....

Basically,their intrinsic value is less than 0.18 as said by someone here ,as worse as SD

You cross your figure that they don't lose the legal case in the Federal court.if they do,you can kiss your axs and say goodbye to them.

Judging from the current circumstances, Jaks is now seriously faced with difficulties to raise funds as working capitals to fund their projects be it local or oversea is alarming which is a harbinger of collapse to come....

The readers are discerning enough to figure out the truth and lies. So don't waste your time to distort the truth and facts like your friend in disgust

No matter what you do or say here, the truth is nothing but the truth, the facts are facts, it does not change for the better if not worse....

Given with all the facts mentioned above the current MV of 0.18 if not lower is validly reflected.

The question of under valuation as believed by many does not exist.

Judging from the current circumstances, Jaks is now seriously faced with difficulties to raise funds as working capitals to fund their projects be it local or oversea is alarming which is a harbinger of collapse to come....

Jaks is seriously cash stricken. External borrowing is out of the question given the current pathetic financial performance.

Their only options now are either PP or RI. For sure,RI is backfired and unworkable given the pathetic MV. PP is believed to be the only option now. However PP is believed to be doomed soon following their recent application for desperate time extension to complete the PP for failure to raise the PP. All these are the harbingers of the collapse to materlise.....

They know it well that the RI is doomed to fail for the above mentioned reasons.

Verdict from federal Court will be released any moment from now

Faced with serious cash stricken,it is expected that another cash call via Right Issue (RI) would be raised in order to subscribe for additional 10% ownership interest in JHDP which costs around USD50 - 55 millions (RM230 - 250 millions) under option.

Given the pathetic current share price ,Do you really believe that the existing shareholders would exercise the option by taking up the RI even though the payback is 5 years with handsome profit?

With the current MV of 0.18 which is believed to be one of the lowest range of all time since inception , majority of the existing shareholders are said to be pissed off with the company for their huge capital loss suffered and likely to refuse to subscribe for the RI in protest.

On the other hand,the material litigation with star is yet to be over. It remains to be seem if the company could win the case or not in the Federal court.it is said the chance of winning is to be 50: 50.

In short,the worst has yet to come.....

Your Friend says he can not spot on his own axshole so he says to others that he doesn't have axshole. He says he only spots half moon so the moon is not round in shape as a matter of fact.

If you believe what your Friend says,you believe everything including you will say to others that you don't have axshole.

Laughing at the laughing stock..

Just because you can't see your axshole, you say you dont have axshole?

Referring to his post as follows,he is really a laughing stock to the world.just because you can not spot the moon from certain angle,you say it is not round shape. This is a typical distortion of fact.

Hopeless of the highest order.
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UlarSawa

Your imagination very poor leh. Did ular said the moon is square one kah. Takda mah. Ular said ada creative thinking one will not say moon is round leh. You really no use your brain one leh. You not chinese kah. You see chinese calender can tell the moon is not round leh. 1st and 15th of the month you look at the moon. Ada always can see the moon is round one kah. Sometime can see sabit lah. Betul kah. Haiyoh. Correct?

These people are out of their minds ,trying to be of different species so that they look great to be different from others. But in actual fact,they are suffering from psychosis.

Your ball is " oval " in shape in a million years. Can you be creative to say it is not oval in shape but square in shape ? The fact is the fact ,dont distort the fact.

Ppl with creative thinking one will say the moon looks like a ball ,still " round" in shape.

The fact is the fact.dont twist the fact. A cow is a cow.dont twist the cow to be a snake...
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UlarSawa

Ppl with creative thinking one will not say the moon is round leh. Haiyoh. Correct?

Only People out of mind would say the moon is " square" in shape.

People out of mind would say the moon is " square" in shape.

When a snake is in front of you, can you be creative to say its a dragon,not a snake?

The fact is the Moon is " round " in shape . You just cant twist the fact by saying the Moon is " Square" in shape. Dont be a laughing stock.

There is another fact that more arbitrations are ongoing. It remains to be seen whether the company would get off the hook or not this time .... I know time will tell but time is not on their side....

let the readers or viewers judge who is exactly distorting the facts.
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Pls lah. Your assumptions not facts leh. It just your wild imagination leh. Bcos belum happen how can it be facts. Haiyoh. Correct?