Posted by abang_misai > 2018-12-13 19:34 | Report Abuse

Now all bukak habis baju. Tomorrow Jaks will go up.

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

Rights issue no ppl subscribe, how to fund the business?

Posted by qqq3 > 2018-12-13 19:51 | Report Abuse

y Alex™ > Dec 13, 2018 07:47 PM | Report Abuse

Rights issue no ppl subscribe, how to fund the business?
=============

Shareholders fund > $ 800 million

net current assets > $ 300 million

that is how they fund their business.

They raised $ 250 million in the last year.

Posted by calvintaneng > 2018-12-13 19:58 | Report Abuse

There are more Cash Call by RI coming again since there is such a shortfall

These are the reasons why Jaks will be insolvent later:

1) Jaks faced Rm50 Mil fine by Star Media

2) Evolve Mall bleeding losses

3) More fines due to LAD (Late Delivery) for Star Building

4) Legal fees piling up trying to postpone Court Verdict

5) High Payables of Rm840 MILLIONS

6) Receivables now Up by another Rm100 Millions to over Rm450 millions
(The danger of China Partner failing to pay (All IOU)

7) High Interest from Bank Borrowings of over Rm400 MILLIONS

Despite disposing Assets for Rm144 millions cash, PP to raise cash & this RI shortfall Jaks still remain a bleeding enterprize

The Completion of Viet Power Plant is still 2 long years away or 8 quarters of reporting

I think Jaks will now BREAK THE 40 SEN SUPPORT OF DECEMBER 16 2014

SELL AND DON'T LOOK BACK!!!

Posted by John_Lee > 2018-12-13 20:05 | Report Abuse

Alex,

Current ratio is decent af 1.26

—————

Posted by Alex™ > Dec 13, 2018 07:47 PM | Report Abuse

Rights issue no ppl subscribe, how to fund the business?

Posted by Alex™ > 2018-12-13 20:07 | Report Abuse

since current asset can tahan, then why cash call?

Posted by Alex™ > 2018-12-13 20:07 | Report Abuse

cash strapped?

Posted by John_Lee > 2018-12-13 20:14 | Report Abuse

Alex,

I think david_tan made a good point when he said this is not a true fund raising exercise

Posted by DK66 > 2018-12-13 20:17 | Report Abuse

I absolutely agree with david

Posted by Alex™ > 2018-12-13 20:17 | Report Abuse

ok. congrats AA

Posted by Alex™ > 2018-12-13 20:17 | Report Abuse

so, can buy now? will up tmr?

Posted by qqq3 > 2018-12-13 20:20 | Report Abuse

y calvintaneng > Dec 13, 2018 07:58 PM | Report Abuse

There are more Cash Call by RI coming again since there is such a shortfall

These are the reasons why Jaks will be insolvent later:

1) Jaks faced Rm50 Mil fine by Star Media

2) Evolve Mall bleeding losses

3) More fines due to LAD (Late Delivery) for Star Building

4) Legal fees piling up trying to postpone Court Verdict

5) High Payables of Rm840 MILLIONS

6) Receivables now Up by another Rm100 Millions to over Rm450 millions
(The danger of China Partner failing to pay (All IOU)

7) High Interest from Bank Borrowings of over Rm400 MILLIONS
===========

1) Set aside as Fixed deposit already. Not included in the $ 140 m cash shown in the balance sheet
2) accounting losses , minus the depreciation, cashflow impact minimum
3) Full provision of $ 35 million done.
4) small
5) a portion of that $ 800 million is related to Vietnam which is to be set off against other accounts. No cashflow implications.
6) same as 5).....
7) Long term loan of $ 300 m vs Investment properties ( evolve Mall) $ 650 million book value.

Sell off the Mall at $ 400 million, take a $ 250 million loss... .can still get back $ 100 million cash.....no problem...Shareholder funds > $ 800 million.....net gearing 0.24 X.

Posted by lizi > 2018-12-13 20:23 | Report Abuse

how u know share price drop is because of AA and not uncle disposal?

Posted by qqq3 > 2018-12-13 20:28 | Report Abuse

I think AA sells above $1 to fund his warrants.....it starts the crack.....

It makes sense for AA to swap shares into warrants.....market looking bad and he not very rich one.....

Posted by lcwin > 2018-12-13 20:41 | Report Abuse

why do I get the feeling some people would want to promote the Jak W so hard?
If u r looking at Jak buy the mother share. If it raises enough and the warrant trades at a good price u can switch to warrants. My advice is stay away if it list around 20 to 25 sens assuming Jak price is around 46 sen.
Warrants usually trade at higher premium when it get listed and taper to normal after a few months. Pls be careful and good luck.

Posted by John_Lee > 2018-12-13 20:49 | Report Abuse

lizi,

Got to read this article with david_tan previous article. Share price down because KYY sold his shares. But KYY sold his shares because Andy Ang planned this warrant to force KYY to sell. If KYY doesnt sell, then KYY must buy the warrants. If KYY doesnt sell and doesnt buy warrant, then KYY will get diluted.

—————

lizi how u know share price drop is because of AA and not uncle disposal?
13/12/2018 20:23

Posted by Connie555 > 2018-12-13 20:50 | Report Abuse

Party over Andy tmr will jack up the price, enter before too late

Posted by calvintaneng > 2018-12-13 21:24 | Report Abuse

Andy?

Go see top 30 shareholders of Jaks

24 out of 30 or Top 80% are holding by PLEDGED ACCOUNTS OR MARGIN LOANS FROM IB BANKS AT HIGH INTEREST

UNCLE KOON HAS DISPOSED ALL

NOW IS ALP TURN TO FACE

1. MARGIN CALLS

2. CALL CALL FROM EXERCISING RIGHTS ISSUE

IF JAKS PRICE CHRASH FURTHER WILL IB RECALL MARGIN LOANS?

IF ANG CANNOT SUSTAIN WILL THERE BE ANOTHER FORCE SALE AND LIMIT DOWN?

BETTER THINK CAREFULLY AND DON'T GAMBLE BLINDLY

Posted by ew8888 > 2018-12-13 21:36 | Report Abuse

kyy made a wrong move not subscribing warrant

Posted by John_Lee > 2018-12-13 21:43 | Report Abuse

Calvintaneng is so naive

Posted by calvintaneng > 2018-12-13 21:47 | Report Abuse

Naive?

People in ifca, sumatech, Vsolar called me worst names

In the end of the end game?

More than 90% lost out and disappeared from i3 forum and no longer posting

Posted by i3lurker > 2018-12-13 21:50 | Report Abuse

THEY STRIKE IT RICH and retired .....no need entertain STRONGMAN


Posted by calvintaneng > Dec 13, 2018 09:47 PM | Report Abuse
Naive?

People in ifca, sumatech, Vsolar called me worst names

In the end of the end game?

More than 90% lost out and disappeared from i3 forum and no longer posting

Posted by calvintaneng > 2018-12-13 22:19 | Report Abuse

Hahaha

They were deceived by Satan like in losing rm280k in sendie

Great Satan mortally wounded.

THE final curtain will come soon

Posted by i3Value > 2018-12-13 23:31 | Report Abuse

calvintaneng, you give buy call on quarter of all Bursa counters and sell call on another quarter. Law of probability sure you will kena a few correct calls.

Like that also proud?

—————

calvintaneng Naive?

People in ifca, sumatech, Vsolar called me worst names

In the end of the end game?

More than 90% lost out and disappeared from i3 forum and no longer posting
13/12/2018 21:47

Posted by calvintaneng > 2018-12-13 23:43 | Report Abuse

Proud?

Pride goes before a fall

Better be humble and listen to admonition

Posted by i3lurker > 2018-12-13 23:50 | Report Abuse

very misleading.

nowadays it is standard by most IB.

you deposit cash and open account, you are automatically given the margin whether you use or dun use and the terminology used is "pledged accounts" when actually it is not pledged.

IB used it to camouflage those who actually borrowed by making those who did not borrow look like borrow also. So that those who actually borrow wun be embarrassed.

you must have been living in some monastery for too long.

//////24 out of 30 or Top 80% are holding by PLEDGED ACCOUNTS OR MARGIN LOANS FROM IB BANKS AT HIGH INTEREST ////

Posted by qqq3 > 2018-12-14 00:24 | Report Abuse

/////24 out of 30 or Top 80% are holding by PLEDGED ACCOUNTS OR MARGIN LOANS FROM IB BANKS AT HIGH INTEREST ////

good ...genuine investors celebrate ...can get cheap stuffs.


traders should stay away.....

Posted by cheoky > 2018-12-14 00:26 | Report Abuse

Try so hard in jaks? Why not look else where le.

Posted by qqq3 > 2018-12-14 00:30 | Report Abuse

cheoky...no need a lot of stocks...One or two investments a year good enough for big money....


margin selling of all major shareholders....where else to find?

Posted by calvintaneng > 2018-12-14 00:46 | Report Abuse

Satan tries to twist truth like telling lies to deceive Eve

I also use IB and bought shares before. Bought until I am in top 30 shareholders.
Where got pledge account?

So Satan telling lies have lost rm80k in sendie

Posted by CharlesT > 2018-12-14 06:48 | Report Abuse

Posted by John_Lee > Dec 13, 2018 09:43 PM | Report Abuse

Calvintaneng is so naive

John Lee, now i remember u....U are in the same category with Calvin if not worse.....seeing yr analysis in Hengyuan earlier.....lol

klse.i3investor.com/servlets/forum/600150907.jsp

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

Who is naive now? David Tan's DCF model to forecast Hengyuan's TP, John Lee's blind support or me?

Posted by hollandking > 2018-12-14 11:06 | Report Abuse

some here really jokers, claiming the RI isssue is to kicked out kyy. If is True, all the more u shouldn't invest. Why? This is crook behaviour. Where u learn your investment from? You never heard about the importance of management in investing.

Posted by hollandking > 2018-12-14 11:08 | Report Abuse

Really stupid promoter. No common sense

Posted by qqq3 > 2018-12-14 11:11 | Report Abuse

holland..if u are bufalo student, u should celebrate when major shareholders margin call......how else to get cheap shares?

Posted by pkmdirector > 2018-12-14 11:12 | Report Abuse

Come come come... come to Lionind :d

Posted by mneo > 2018-12-14 12:56 | Report Abuse

The author think too much....:-)

Posted by i3Value > 2018-12-14 17:31 | Report Abuse

Or you dont have open mind consider other people ideas other than your own line of thinking.

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hollandking Really stupid promoter. No common sense

Posted by i3Value > 2018-12-14 17:32 | Report Abuse

Or you just like Jonathan Choi Yi Kit. Only ownself is correct. Everything other than what you believe is wrong.

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hollandking Really stupid promoter. No common sense
14/12/2018 11:08

Posted by wotvr > 2018-12-15 10:56 | Report Abuse

Actually Calvin is right on this. The boss used a lot of margin accounts indirectly held by him. However, the shares were pledged long ago before it ever reached the high prices of the past few years.

This article is kinda dumb. KYY has only himself to blame. He bought into a poorly managed company that doesn't know how to do business. All their businesses are falling apart. Prices were artificially manipulated by KYY's buying in the past. Now that he sold it collapsed. Avoid if you can.

Posted by John_Lee > 2018-12-15 11:46 | Report Abuse

Why do everyone assume that only KYY can push the share price of Jaks up?

According to KYY, he only started buying Jaks at RM1.10

If that is the case, then who pushed the share price up up up from 40 sen prior to KYY’s entrance?

Think about it.

Posted by feet > 2018-12-15 12:08 | Report Abuse

trust your story just like we trust your rm19.55 tp for hengyuan.

Posted by qqq3 > 2018-12-15 12:30 | Report Abuse

if you are wallen bufalo, you should be interested in this....whether this is bottom or 30 sen is the bottom...it does not matter to wallen bufalo.