@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....

seems like Q2 is the worst quarter in a financial year for steel industry, Q2Q drop 60%, consider good or bad

on tuesday 21-Aug, total transaction was 5 million, KYY sold 4 million share on that day.......only dropped 1 cent, how possible!!!!

if KYY keep his word and stop selling then next week should be able to rebounce back to 1.2-1.3, if the result is good, 1.5 is possible

kyy quoted on 24-Aug :As we have sold about 45 million shares, we don’t have any more margin call. Let us see whether the price will go up today if I do not sell.

Today up 3 cent amid bearish sentiment..not a bad start.

loan principle repayment kick in soon, no news on how to funding to repay loan? bank defer the repayment until year end, very close

normally announce right would cause price down, but spreng just too greedy lah, so expensive, the price to high, expensive than buy a mother share....margin player run fast, contra player run faster...whoever cant afford to subscribe the right also run...more down side ahead. SPRENG too greedy too rush.

today market is bad, new tariff on china....only 8% of the counters are in green...

what is fact what is assumption also wrong.....simple basic also wrong. haha

Still better than protasco, someone keep promoting protasco...company borrow money to pay dividend, and property division fail to launch any project more than 2 years. The fatty CEO son lead the property division to hell.

which genius keep promoting this Gruesome company!!!

@Stock Kingdom

if the right issue work out, then they will have another few hundred of million when warrant allow to exercise.

A : this is a dog food,
B : no i don't believe
A :i already told is dog food, and it was written there
B :no, i don't believe, prove to me is a dog food.
A : it was publish by the company it is dog food.
B : no, i don't believe and i think the companies are wrong.

wah, the comments so long, but fact and assumption also confuse, information like loan rate never disclose by nether parties, but someone claims that loan rate is 7.5% is a fact....is a fact or assumption....haha, long write up but the key factor also inaccurate.....

you don't know meh, it is >5 days already since KYY last sold, so it mean either he forget filling or he stop selling already

you don't know meh, KYY sold million million of shares likes madness, cause the share drop like crazy also. 60% out of total transaction per day was done(sold) by him.

you don't know meh, KYY still holding 20%, if he keep selling, then can bye bye lo until he finish. good result out also useless. but once he stop selling, at leas the price could be stabilize.

====================================
@newbie8080,
Bursa allow for shareholders to file in within 3-5 working days later.
Anyway, he's already selling down all the way, why bother to know when is the next batch of selling.

kyy forget to filling or really stop selling???

@SuperInvestor9, but your granpa allegally cheap people by publish false infomation. it is illegal, SC has probed one of the famous blogger who famouse in promote penny stock, same trick buy at lower pricen find the right timing promote the stock in his blog.

Jon conclusion is based on certain assumption since not all information are disclosed. if Jon assumption is deemed correct, probably someone should team up with KYY and Affin bank to sue Jaks publish misled information (IRR figure) to public...KYY lose so much definitely he won't let someone who cheat him escape easily.

to avoid bias judgement, a person should draft to scenario,

under what circumstance it would generate positive outcome
under what circumstance it would generate negative outcome

than rate the possibility for each scenario....a bias person would just ignore either positive or negative scenario, this might lead to fail to judge...

Trump : global warning is a lie, the data given looks fake for me, those scientist is stupid, i don't feel the global warning, please prove me are wrong.

Jon : It is a stupid deal and the return forecast by Jaks announce looks fake for me..China bank is too stupid and overlook it, it is not guarantee profit, it is a guarantee loss making deal. the loan given won't be cheat, not possible, Jaks won't sell better than Melakoff, not possible.

India a mystery country, woman go in rape, CEO go in jail, how many company has fail to enter into india market? Tony and Ananda also under probe by india...Celcom india company also in big trouble.....fraud and corruption at india is different level, else India economy overtake china long time already.

Sound like Jon Choivo has concluded that the deal is not profitable at all not mater under what circumstances... even the loan rate is 0% or 1%.

China bank is obligated to assist in growing state cooperate for oversea infrastructure project, the rate could go as low as 2%-3% and long repay tenure.

https://www.reuters.com/article/us-china-silkroad-finance/behind-chinas-silk-road-vision-cheap-funds-heavy-debt-growing-risk-idUSKCN18B0YS

@Jon Choivo, haha, you make conclusion bases on certain assumption, and those assumption derive from history and other similar project. my limited knowledge is unable to prove you are wrong la.

i just don't think that CPECC willing spend so much to just ensure they make loss in 25 years. i believe the cheap loan is part of the JV agreement between Jaks and China government.

the IPP is awarded to Jaks, to get the cheap funding, jaks give up 70% of the IPP to CPECC and appointed CPECC as main contractor. this is my assumption based my limited knowledge.