Posted by pussycats > 2018-12-13 06:44 | Report Abuse

Yahoo
Icon888, can believe kah jaks management words, after so many putar alam from management.

Posted by pussycats > 2018-12-13 06:47 | Report Abuse

I will buy all in if jaks stop constructions works.
Yahooooo.

Wait first,,, can believe kah jaks words???

Posted by SarifahSelinder > 2018-12-13 07:38 | Report Abuse

Koon nampak x berapa tahu abt bisnes Jaks

Mcm x peduli

Posted by SarifahSelinder > 2018-12-13 07:38 | Report Abuse

SarifahSelinder Even if 50% subscribed maknanya ada mastermind 

Nyata Andy ada apply excess a lot 

Harga mother kan recover immediately 

Sebab this show Andy thinks Jaks the best very bright future 

Andy jz crazy abt IPP tu 

Andy nak control Jaks even more

13/12/2018 07:36

Posted by i3lurker > 2018-12-13 07:54 | Report Abuse

yawn!

of course you are right coz you are so smart.

please proceed to takeover the company.

sell everything you own to buy, its a once in a lifetime opportunity.

This will multiply your wealth by 100 times or more.

Posted by pussycats > 2018-12-13 07:54 | Report Abuse

Later ... Susah nak cakap...

We just wait and see...

Posted by qqq3 > 2018-12-13 08:52 | Report Abuse

any project 83% sold should be viable...ok....$ 300 million unbilled sales will also create cashflows.

$ 50 million property development cost in the Balance Sheet....this represents the 17% unsold unit , and the balance in the development account from the 83% sold. LAD will expire when they are delivered.

unbilled sales/total sales , 329/915 or 65% completed as at 2017.

PDC balance of $ 50 million vs $ 300 million unbilled sales should not create a problem....may even give u positive surprise.

Posted by qqq3 > 2018-12-13 08:58 | Report Abuse

investment in JV $ 120 million...what is that? probably have to take into account when the whole thing is finalised.

Posted by qqq3 > 2018-12-13 09:00 | Report Abuse

the bleeding from LAD stops...only Evolve Mall is left.....Accounting losses but minus depreciation, cashflow impact should be minimum.

Posted by qqq3 > 2018-12-13 09:07 | Report Abuse

starting next year...what u have is what u really wanted, a Company with EPCC profits from Vietnam and then 30% of an IPP.

patient la...Patience is a virtue.

stock market....they call it greater fool theory.....u either buy a share thinking they are greater fools out there.....or u sell a share thinking there are greater fools out there who couldn't see a gem and fear of the unknown., together with recency bias.

bear market, what to do? everybody fears some thing.

Posted by qqq3 > 2018-12-13 09:18 | Report Abuse

y ks55 > Dec 13, 2018 09:12 AM | Report Abuse

To me Jaks worth only 40 sen
==========

for traders, that is a huge difference....but for genuine investors, and for those caught high...it really doesn't make any difference any more

Posted by supersaiyan3 > 2018-12-13 09:42 | Report Abuse

Ok, ok. What's the name of the stock again?

Posted by qqq3 > 2018-12-13 09:48 | Report Abuse

in the two years, the company successfully raised $ 250 milion.....

and another $ 70 million from the warrants ?

Posted by Icon8888 > 2018-12-13 09:54 | Report Abuse

supersaiyan was the one that gave me a long lecture when I called Airasia buy at RM1.60

he said I was stupid and naive

Posted by qqq3 > 2018-12-13 10:10 | Report Abuse

Payables $ 800 million..what is that?

a portion is Vietnam related. no cash flow implications. It will be off set against other accounts later.

Posted by i3Value > 2018-12-13 12:14 | Report Abuse

Icon, good analytical thoughts

Posted by Zhuge_Liang > 2018-12-13 12:25 | Report Abuse

Will continue to lose money until 2020 before completion of Vietnam Power plant.
No cash flow for next 2 years.

Can Vietnam Power Plant complete in time ?
Do you think it is better to wait until Vietnam Power Plant is completed before you invest ?
Invest in stock market, there is no if but must be sure.

Please note that all old projects in Malaysia secured by Jaks, if I am not mistaken all lost money.
Do not know on the new project on the highway.

Posted by billionn > 2018-12-13 14:41 | Report Abuse

Maybe they two try to put up an act together? Sigh! Who knows?

Posted by i3lurker > 2018-12-13 17:25 | Report Abuse

you can see example in the movies, 2 enemies just for show to generate business, actually best friends since childhood. Meet at nite to split profits
============================================================
billionn Maybe they two try to put up an act together? Sigh! Who knows?
13/12/2018 14:41

Posted by Alex™ > 2018-12-13 18:47 | Report Abuse

Icon sifu call buy? All in!!!!

Posted by value88 > 2018-12-13 19:40 | Report Abuse

It is dangerous to live in denial. We need acceptance to move on in life.

Posted by CharlesT > 2018-12-13 19:43 | Report Abuse

Are u making fun on yr master now?

Posted by qqq3 > 2018-12-13 19:47 | Report Abuse

Zhuge_Liang > Dec 13, 2018 12:25 PM | Report Abuse

No cash flow for next 2 years.
==============



woah...bear market people so creative in being negative....

that is what Wallen the Bufalo teaches u?

no cashflow until 2020 so must sell......

no cashfow maybe, but tonnes of EPCC earnings from Vietnam...its called investments......

$ 300 m in net current assets....no cash flow also can full stomach.


$ 300 million in unbilled sales...that is cashflow.....


bear markets makes people stupid

bull markets also make people stupid, just a different kind of stupidity.

Posted by qqq3 > 2018-12-13 19:57 | Report Abuse

charles...when things are at bear market prices, there is nothing to fear except bankruptcies......

Posted by Icon8888 > 2018-12-14 07:01 | Report Abuse

Rights undersubscribed. So what ? Life goes on !

Posted by Icon8888 > 2018-12-14 07:02 | Report Abuse

As Long as you keep your exposure small, how bad can it be ?

I am not exiting

Posted by Icon8888 > 2018-12-14 07:03 | Report Abuse

After all Ang and friends got huge chunk of warrants . Don't tell me they wouldn't want to prosper through capital gain

Posted by Icon8888 > 2018-12-14 07:05 | Report Abuse

Maintain Buy call for Jaks WA

At this depressed level, risk vs reward is favourable

No risk no gain

Just remember to keep exposure small he he

Posted by i3lurker > 2018-12-14 07:20 | Report Abuse

a Buy Call for Jaks at 45.5 sen is not too brain damaged. I can accept that based on sum of parts valuation and risked assessed future PE.

a Buy call for Jaks-Wa when 25 sen when mother is trading at 45.5 sen is too way deviant to be acceptable to society. A buy call for Jaks-Wa at 5 sen is more reasonable.

You should meditate more.

Posted by CharlesT > 2018-12-14 08:37 | Report Abuse

Having said so. I think the downside risk of mother is rather limited now. Even the most bullish man in JAKS also scare oredi

Posted by Icon8888 > 2018-12-14 08:39 | Report Abuse

thanks brother CharlesT

good to know that you and I are friends despite occasional disagreement

Posted by Icon8888 > 2018-12-14 08:45 | Report Abuse

it is just my way of managing absolute risk

you don't need to agree with me



i3lurker a Buy Call for Jaks at 45.5 sen is not too brain damaged. I can accept that based on sum of parts valuation and risked assessed future PE.

a Buy call for Jaks-Wa when 25 sen when mother is trading at 45.5 sen is too way deviant to be acceptable to society. A buy call for Jaks-Wa at 5 sen is more reasonable.

You should meditate more.

Posted by qqq3 > 2018-12-14 09:18 | Report Abuse

Jaks will be above $ 1 given enough time.....barring major accidents.

Posted by qqq3 > 2018-12-14 09:21 | Report Abuse

AA is not too disappointed warrants under subscribed....Jaks will not live or die because of the $ 50 million short fall.

People forget, this is not a ACE counter...this is a company with shareholder funds of $ 800 million.

Posted by Icon8888 > 2018-12-14 10:08 | Report Abuse

the only thing I don't like is that Uncle Koon is out

I mentioned before that I feel more comfortable if he is in there as he can help to monitor the 10% shareholding CEO (LOL)

I always feel uncomfortable with the Boss holding so little as they might not treat the PLC well.

but one thing positive is that through this latest rights issue, Ang and friends subscribed for more than 150 mil warrants. If they manage well and push up Jaks price, they can be handsomely rewarded also

hope this helps to mitigate the issue a bit

Posted by (S = Qr) Philip > 2019-01-29 20:55 | Report Abuse

Brilliant article icon888 I like the analysis. May I ask a small question, I have trouble adding a label of the stock to my blog. May I learn from you how to do it?

Posted by OTB > 2020-02-10 09:51 |

Post removed.Why?

Posted by qqq3 > 2020-02-10 09:57 |

Post removed.Why?