complete the developmnet of falling star and dispose mall are more important in near term. jaks could have additional 10-20 million profit each quarter....

not a amazing result but not a bad result. Again the development division dragging the performance. most important company is on track to perform better. Contructiion and IPP continue to perform well, preperty division is the problem, jaks is in the midst cease the property operation.

everything is progress as expected except the stock price. with such performance, why hare price tumble...no reason lah.

@icon8888, since it is under court case, if make provision for the 50million, would this give the wrong perception to the judge that jaks has confess guilty?

omg, going downgrade by Affin as the warrent can conver anytime after issuan.

lionind win today, reach 95 cent, jaks is 1.5cent behind closed at 96.5cent

shortkaokao is here, the result must be suck

@dompeilee, lionind got 100k short sell, but 0 for jaks....

good news ahead

1. recod high revenue and pbt in 2018
2. win the legal case
3. sell the mall
4. no dilution from the cash call warrant due to 2 years sell restrition
5.more profit realize from the IPP construction
6. handover 3 block towers by 2018
7. cease from propertg development, cash locked for contructuon will be release.
8. 3- 4 contruction project target completed in 2018

just weird, kyy 2 favourite counters are under attack...he step on someone tails....

will depend on the result to decide the next course of action... talk cock here just for fun only, dont see any implication toward the stock price..haha

why drop like hell, looks like the result is really bad

lionind overtake jaks...below 94 cent now

i believe very near KYY entry price already.

@jermyn, hope your dream come truth, but you better ready the cash for subscription incase the plan go through.

lionind compete against jaks to go lower, so far jaks is leading but lionind is just 2 cent behind

@Jermyn, are you still hoping they call off the plan....lol

PNB has pledged to fully subscribe to its entitlement and mop up all available excess shares. PNB and its funds collectively hold about 12% in Sapura Energy.

Sapura Technology, a direct shareholder which holds 16%, has expressed its intent to participate in the rights issue for a minimum amount of RM300 million.

@kathyng, if betkaukau ask you to hold cause it will rebounce back. But shortkaukau ask you cut loss, cause no sign of recover. who would you choose to believe?

@jnal, what happen to the 101 ship, any news? loan principle repayment is due on q1 2019

@jermyn, you though the CEO expecting positive respond from the market, how naive your are, check the history, whenever PLC asking money from shareholder, since when the respond is good, and worst still the fund raising is meant for debt repayment, not expansion. go home and read dummy stock investment la.

@Jermyn, nothing is impossible, but need to be realistic, not blindly invest and ignoring the fact and risk. if you invest in SAP and hopping the RI will cancel......lol

@Jermyn, SAP debt is 16 billion, not 16 ringgit, with such a huge RI funding, only manage to reduce the debt 25% provided full subscription, this is the cheaper to funding. For the sake of the company, this plan need to go through, this why PNB fully support. withe support from PNB control by Zeti and purview by current government...not possible to call off.

@Jermyn, i believe you have bought a lot when price 59 cent, standing at huge paper loss now..you should prepare for the worst, get loan or withdraw FD to subscribe the right. the chances of cancelling the RI is near to impossible.

PNB has pledged to fully subscribe to its entitlement and mop up all available excess shares. PNB and its funds collectively hold about 12% in Sapura Energy.

Sapura Technology, a direct shareholder which holds 16%, has expressed its intent to participate in the rights issue for a minimum amount of RM300 million.

possibility of pull off the plan is near to 0.

@jermyn, you are too stupid to invest in stock...talk like an idiot....

major shareholder has agree to subscribe accounted around 50%, they willing to subscribe more 10-20%..... they don't give a dame to retailers only accounted less than 30%.

why still got people believe that the RI will cancel, really naive and stupid, not far from idiot,

before they announce they had discussed with major stakeholders to get their support. whether retail like it or not, they will still move on with the plan. even after RI, SAP still have billion debt to del with.

@Heavenmessenger, kinda agree with you, highly lightly will lose the court case...but i think that it has already factor in the current price. jaks has been dropped from 1.8 to 95 cent, more than 60% since the legal case broke out.

@SuperPanda, in term of prospect, jaks still better than lionind. haha.

give KYY a benefit of doubt until it is proven that he is still selling....i guess every one is waiting for the result prior take any position on this counter.

those trader will star cut loss in second session...down and down, follow by margin calll.....

after right exercise, the share price will be adjusted to around 20cent, investor will reluctant to enter now, only trader enter who plan to catch the rebound, but they also cut loss very fast....lol

those who try to catch the rebound on last Friday and this morning got stuck...

it is deemed a falling knife. hahaha...those genius get burn lah.....lol

@hng33, they sold many land lah recently, dont confuse with other...

@flyingshare, seem like you are typical idiot here, advice other to follow you keep the share but no plan to subscribe right issue, idiot, 70% dilution after right issue.

as an investor only 2 options left, either subscribe or sell...choose one.

i predict tomorrow trade between 35-40 cent.

@probability, KYY owns 200 million worth of Jaks share, but only owns 20 million of Lionind, i believe he would prefer you support Jaks instead...haha

@GoodBoy, abonding the plan is possible but chances is very slim, major shareholder likes sapura tech and pnb support the plan and willing to subscribe more.

if the dillution is around 20% -30% still acceptable, for this case the dilution is 72%, if dont want subscribe better sell...if affordable, subscribe the right is not a.bad option, just need to hold 6-12 months to see the return.

@Sheryn74, if you dont want to subscribe, sell lah else you are idiot. the longer you invest in stock market the more you will lose. trust me.

monday second batch of selling by

those long term investor who not willing subscribe right, this group of investors do not monitor closely, usually got news from remiser or news. so their respond is slower

those margin player, these group of people will not subscribe right, but margin call and force selling.

70% dillution after right, at current price 40 cent, after right issue will only worth 12 cent...lol

investor selling not because of the fundamental, they sell because cant afford to subscribe right, institute also will sell because the right too expensive.

example if a intitute hold 500k worth share, they need to fork out another 500k to subscribe. some may find the risk too high.

price is very unpredicteble now, it is depend how many cash player willing to pump in more money.

you need to pay the right to get free warrant

@armadatuah2017, you are right, whoever still holding the share but dont want to subscribe the right is stupid and idiot. please stop play share...

@Betkaukau, 60 cent is cheap, but now you need RM1.08 to buy a SAPENG share.

ikan bilis cant afford, they need to sell share.

you gus think too much, i believe sell down will continue for few days berfore stabilise, reason simple, margin player, trader , contra and poor shareholder will be flush out one by one.

moving forward until right expire, only left cash player who also affor to subscribe all the right, the dillution too huge to ignore lah.

a counter without margin player, contra and trader...upside is very limitted lah

is the right value too low 30 cent or
the right subscrisb price too high
cause the price tumble. i thought is latter.

@Charles, KYY said thursday is his last batch of selling to meet the margin call. This is why yesterday went up. if KYY hounor with his word, then price would normalize back in next week.

Not far from success...http://wemedia.ifeng.com/69881544/wemedia.shtml

@calvintaneng, Protasco need you, who follow your buy call on Protasco still stuck there, go and rescue your follower...

good news, i perhaps this is a good news, The Star tower site has been clean up, road is ready, i guess now pending approval to hand over only....