Ya klau u look at it now skrg 30m shares nampak byk sekali


Tapi looking back tahu ka anda how many set back Vietnam IPP tu went through dulu ?!


If without this RSP prospect back then to keep Andy going Vietnam IPP tu sure dah aborted dah terbengkalai dah with masuk longkang consequences for JAKS due masuk longkang kind of impairment


Klau u bayar outside professional to do it easily will cost at least 1% of project value u do the maths n c


Must keep it real keep thing in proper perspective bkn jerit here jerit there want blood

Actually yg RSP ni very common skrg ni byk listed companies pun ada u chk n see

Klau tengok timing RSP disapproved dulu RSP skrg ni is to reward Andy past efforts in securing IPP Vietnam tu n the IPP has made good progress so far

Actually DK66 berisi DK66 has provided a very detailed explanatory post on Sarifah short post



SarifahSelinder Sslee 

Hold ur email dulu bukan mcm tu 

RSP ni approved by members in 2016 bukan skrg in last agm 

Given it dah diappoved members dan putting aside if Andy deserves it or not in term of cost to Jaks klau x salah Sarifah now skrg ni could b the best time to do it

31/01/2019 21:26



DK66 In June 2016, the EGM approved the 5 years LTIP, which may be extended for another 5 years, comprising of Share option and SGP (RSP and PSP). The later are given to employees for FREE, provided that the FREE portion shall not exceed 60% of the total allocation under the LTIP. The maximum number of shares to be allotted under the LTIP is 15% (not 30% as alleged by hng33) of share capital at any given point in time during the LTIP period. 

In May 2017, 24,500,000 shares were granted under the share option at RM1.40 exercise price. 12,000,000 of which were allotted to directors and has been exercised entirely. 

Accounting standard IFRS 2 requires an entity to recognise share-based payment transactions (such as granted shares, share options, or share appreciation rights) in its financial statements, including transactions with employees or other parties to be settled in cash, other assets, or equity instruments of the entity. 

Therefore, investors would have already factor in the potential charges to P&L from the LTIP as determined by the market price and the quantum of the grant. 

In this case, a very large portion of the LTIP was granted by way of RSP. Around RM19m (38m x RM0.51) will be charged to P&L in Q1 2019. The amount is not spread over a certain number of periods as all RSP are fully vested on 8 Feb 2019. This is an unusual practice as RSP usually has multiple vesting periods to encourage employees to stay longer. Why? 

Andy gets 2 out of 3 shares granted, and his family members probably get majority of the balance. 

I m not here to discuss ethical issues. Personally, I feel that the RSP has deviated from the purpose and intent of the LTIP which is to motivate “employees“ not bosses. 

Back to the point why now and in such hasty manner? The answer, of course, lies in the benefits of such doing. 

From the company’s stand point, it gets to charge off the entire RSP at around RM0.50 in one go. Otherwise, it needs to estimate the future value of the RSP which should be higher and apportion the higher charges over the vesting period causing lower profit in future financial reporting. 

From recipients’ (Andy and family) stand point, the RSP grants will attract personal tax based on the market value of the grants at the point of vesting. It is likely that the grants will be valued around RM0.50, hence much lower personal tax charges compared to early 2018 when the share price was around RM1.80. If the RSP has multiple vesting periods, the recipients will have to pay higher taxes for portions vested at higher market prices in future. Thus, higher personal taxes. 

Conclusion : The timing of the grant at current low price regime benefits the company in term of lower charges to P&L. It benefits the employees in the form of lower tax liabilities. 

Why has Andy decided to grant a very substantial portion of RSP with just 8 days SINGLE vesting period ? ..... logical thinking … Is Andy expecting the share price to continue moving higher from hereon thus taking advantage of current low price to minimize his tax payments on his RSP ?

31/01/2019 23:49

Tapi harap Koon ada profit kat Carimin x burnt so Koon can datang balik Jaks by end 2019

Carimin last quarter good result mungkin kerana oil co mobilising its oil machines which hv been rusting away again bila oil price naik

This one off mobilisation cume one off after oil machines dah start again no more

Actually Andy has been kind to Koon

Carimin major shareholders semua treating Koon as God sent rubbish bin terus dump all theirs rubbish Carimin shares at the first opportunity

While Andy actually tambah lagi tambah lagi tambah lagi

Carimin mkt cap cuma 170m susah nak lari kuat kuat dan no clarity in its future's earning as it semua bergantung if the oil co issued any purchase orders in the particular quarter

Sslee

Hold ur email dulu bukan mcm tu

RSP ni approved by members in 2016 bukan skrg in last agm

Given it dah diappoved members dan putting aside if Andy deserves it or not in term of cost to Jaks klau x salah Sarifah now skrg ni could b the best time to do it

Very quickly Sarifah realized tonto gusti more interesting thn staying around here yawn yawn yawn

Invest in anomaly dpt anomaly profit besar

Klau put in byk byk effort read a lot a lot apa cara pun can make profit

Sarifah personally suka invest in anomaly

1015 investing fund tat he cannot lose fund for education anak dia

I con is investing his spare cash dan still young

So bolih faham klau cara x sama

Adoi susahnya bikin short cut Sarifah bagi email Sharifah to u plus 1% of gain

I con nampak mcm something good may come out of blog u ni

Yg Sarifah can tell yg proven x bolih pakai is it is jz a lot of random tongue-flicking in, out and all around, with no rhyme or reason


So pls tell mcm mana nak norrow down initial investment candidates n reinvestment candidates?

Tinggi mana chances of success?

Berapa byk efforts kena put in?

Andy's body language is.. I can tambah lagi meaning dia obvious.. Jgn sekali sekala pandang rendah I ok I ada $$$

Klau Andy ada $$$ Andu x kena margin call la

Klau Andy x kena margin call price drop to 40 sen pun x payah u harap lagi

Lawyers must hv said good chance menang cos ada good ground n auditors conviced

Sue sub con till sub con x nak claim retention sum lagi

Some cases main con will get back to back BG from sub con or sue sub con for delay

Worst case scenario ke?

BG x sama LAD

LAD Jaks will fight in court

Yg not clear... that 25m will b charged in year end 2018 account... x mentioned full amount ke part ke apa??? Haiz kerja Andy

xioji yes

Value emerging + Price collapse

IPP at 3rd class property developer price

U buat keputusan sendiri what to do

Andy tambah lagi

KUALA LUMPUR: The Government will be able to recover RM10.02bil in the event that the East Coast Rail Link (ECRL) project is scrapped, says Finance Minister Lim Guan Eng.

He said this sum represented payments made to the Chinese project contractor - China Communications Construction Co Ltd (CCCC) - totalling RM19.68bil as advance and progressive payments up to Feb 15 this year.



as advance

as advance and progressive payments 

as advance and progressive payments... via bank bank China direct to contractor


No cashflow problem 


as advance..

Oiiii app seller ada commision for Sarifah ka?

Cepat 

三ᕕ( ᐛ )ᕗ 三三三三三三三 Jaks 

Kejar kuat kuat

Bila bila shj hand over to Star anytime

Andy not the dog that caught the car

Cepat

三ᕕ( ᐛ )ᕗ 三三三三 Jaks

Kejar kuat kuat

Andy not the dog tat caught the car 

Andy tahu what to do Andy skrg jln ikut plan.....

Tambah lagi

Andy tambah lagi

Andy not the dog tat caught the car

Beli beli tambah lagi

Almost 50% complete dan billions spent lagi sangsi?

Nampak mcm tu la mcm insider la

Sarifah has been wondering if Andy has bin d dog tat caught d car?

Nampak tidak

Andy skrg xda lagi Koon kacau bilau now taking driver sit more diligently

Small cap making come back Jaks antara yg better ones can trade can invest

Sarifah dah kaji

Sarifah x kisah big profit made in early 2019 or late 2019 yg Sarifah pasti will b in 2019

Kini water power lektrik power

i3lurker adoi sayang u dah sold too early

calvintaneng


Semua lousy companies ni wait til second coming la


Second coming all shall b salvaged

Ni utk niaga water pipe je

Water: Potential tariff hike a prelude to more water infra spending?

Water: Potential tariff hike a prelude to more water infra spending?
Maybank IB Retail Research

The Sun Daily reported that water tariff rates may be increased in stages this year, in line with the government’s effort to restructure the water supply industry in the country. While this is not unexpected, such newsflow would help to draw more investor interest into water-related stocks.

A quick recap, government has recently via Air Selangor completed the takeover of four water treatment plant concessionaires namely, Puncak Niaga S/B, Syarikat Bekalan Air Selangor S/B (Syabas), Konsortium ABASS S/B, and SPLASH.

With only one operator in Selangor, Kuala Lumpur and Putrajaya, it may look more viable for the government to carry out its effort in upgrading the current water infrastructure, which may include pipe replacement, upgrading and improvement of water treatment plants, and improvement works on existing water supply system. Not to mention that the government has also approved a MYR1.9b allocation of non-revenue water (NRW) reduction programme.

While it may be too early to gauge the financial impact, with the government’s effort to achieve a NRW of 31% by 2020, companies with exposure to water infrastructures like Jaks Resources, Fitters Diversified, Engtex, Salcon and Taliworks could see its share price reacting to water-related newsflow.



Consensus Rating:
Jaks - One Buy, One Hold; Mean TP: MYR0.77.

For the Pacific Star project Jaks relying on its JV partner which on hindsight not very good

Tapi the Vietnam IPP Jaks JV partner has been 1st class

calvintaneng

Sarifah ada look at ur selection of so called sykt "undervalued" Sarifah tgk kesemuanya ada pd their current pathetic state that u called "undervalued" now all bcos of their pathetic dan very lousy management in the first place dulu

Nampak mcm tu la that is why Sarifah said sayang nyaris nyaris so close je if jz got this one more extension ni BG no issue lansung


K66 The star tower has been completed. Waiting for authority approval.

09/01/2019 08:18

Going by what Sarifah can see Andy will fight the LAD in court

Sarifah juga berpendapat LAD, if any, Star cannot unilaterally make a LAD claim against the BG

Sarifah think Jaks sendiri punya LAD exposure cuma dlm lingkungan 20m to 25m jer

Late but very clear and precise explanation i3lurker

Opinion Sarifah jjchan mental state bukan part of the equation in deciding the quantum of compensation so too lost of use. Only physical completion di ambil kira but depend T&C of contract la

Sarifah think at this late stage skrg Star will not stop work and appoint new contractor to complete so Jaks will continue till complete and take up normal construction cost jer

Koon wipe that grin off your face

Andy memang x guna

Tapi Sarifah pasti u wil b back by 4th quarter

i3lurker u mana?


i3lurker bolih tolong explain sikit so Star kan ambil whole 50m tu jz like that? Take up semua 50m tu as profit ke apa? Apa mcm JAKS burnt 50m ke apa bolih cuba try to explain sikit tq

No comment

Sarifah inconvenient to comment

Nasib baik ada yg tahu BG kat sini

i3lurker bolih tolong explain sikit so Star kan ambil whole 50m tu jz like that? Take up semua 50m tu as profit ke apa? Apa mcm JAKS burnt 50m ke apa bolih cuba try to explain sikit tq



i3lurker for claim of BG the bank draft issue is just admin processing and 
normally available in 1 or 2 days time. 

the bank just uplift the FD, cancell the Original BG using Letter of Claim and transfer to bank draft issued to Star. 

Bank calls Star to collect bank draft and JJChan goes to bank to take the RM50 million cheque. 

thats how it works

07/01/2019 21:38

Not all 50m kan burnt