Firehawk. Thanks for repost. Your write up make sense but it's a possibility only till proven. I am not surprised if JAKS cash strapped now since no cash flow till Vietnam PP dividend received. Market forces will decide JAKS share price. Assuming the Vietnam PP profit is real at RM160m per annum. The risk to the down side is limited at current price. I noticed the short seller has ceased short selling below 0.55? I have yet to check latest. Up side, depends on market forces.
sslee. TQ for including the dividend etc queries. Also, with their private placement annoucement, max 10% pp unless they have new acquisition? Hence, the other 10% only upon potential acquisition or top up 10% in Vietnam PP. As for the free share grant. Yes, i agree. There should be performance indicator for free share. We won't want another Sapura Energy where all employees were told no bonus etc since company making losses but Tan Sri gave himself 100m!!! Good that PNB actually interfered eventually. There's still hope in Malaysia.
issue price of RM0.4750 per Placement Share represents a discount of RM0.0473 or approximately 9.06% to the 5-day VWAMP of JRB Shares up to and including 18 June 2021 of RM0.5223 per JRB Share.
Sslee. Something for you to question your BFF Philips. I recalled 1-2 years back he was questioned ALP integrity and emphasised management integrity is crucial when choosing in long term investment. I totally agreed on this. However, my question to him was how we know whether the captain is ingetral not unless you know the company? If i recalled correctly he was referring to certain ratio in audited account? While i am still unsure to call ALP a crook or not, i believe the verdict is obvious on Serba? Today SD came up to refute The Edge news and claimed that Block 7 is an Abu Dhabi company. Within 10 mins, someone in Serba forum found Serba own website referring to US based Block 7. After kena caught red handed, the link page now showed 404 haha. Good chance for you to poke his ego.
Private placement - - - > negative to warrant holder due to
1. Warrant exercise price - unchanged 2. Warrant lifespan - unchanged 3. Dilutive to underlying share earning and share price lead to increase risk of unexercieable out of money warrant
Good morning Windy1974, No worries about Philip, he know what he do.
Posted by Philip ( buy what you understand) > Jun 16, 2021 9:43 AM | Report Abuse
I was waiting for the EY appointment as external reviewers and the addition of more independent directors to do transparency and accountability for me to commit to buy a ton more.
The next time I buy will be when EY reports on their findings and embarrassed KPMG.
RI after RI. PP after PP. Free share (LTIP) after Free share. Fake after fake. Semua tak betul. Abuse judiciary nombor satu. Apa lu mahu cakap lagi? Sifu semua sudah lari. Tinggal monyet seekor dua........
If Directors can bring in millions after millions, free shares under LTIP is ok if company performed as good as PBB or PPB. Not to forget they are already receiving fat salaries for their input.
Are the Directors responsible for losses under property development project with Star land? Why still think LTIP is a good way to 'retain' useless Directors?
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
SarifahSelinder
3,771 posts
Posted by SarifahSelinder > 2021-06-19 15:31 | Report Abuse
Byk PP?
No worries
Semua PP ni cuma Andy is man in a hurry
Andy sees many opportunities
Andy sees many opportunities kat renewable energy IPP
Even LNG IPP