The last PP to raise funds which bring NOSH to over 2b shares for LSS4 is a bad move as LSS4 can only bring less than 10% return, my guess is likely 5% based on estimate by people who in the industry due to increase in commodity costs. With such a hugh NOSH, jaks cannot even make 1 sen EPS quarterly. Local business loss RM 15m. Vietnam Power Plant contributed RM 30m. Net profit RM 15m.
Buy share also need to know who is the boss behind. Follow ANG LAM PAH this kind of lame boss, he eat all the meat (give himself free shares, right issues, private placement) and give you only the SHIT!!
Now the share price back to its level before the start of uptrend. KYY was right to question about the integrity and acumen of Ang. Definitely lacking of them
Investing into JAKS as good as investing into sunset business with management that no nuts about resource allocation to existing businesses, acquisition of new businesses and exiting into unprofitable businesses. The more it expands, the more losses it incurs. They expect doing the same things over and over again and getting different results. But they are wrong. Something wrong about the management business acumen
I may say the push-up before the Q result announcement was a trick to spur public speculation on good result could be released ..... this type of manipulation was done many times over years behind. Anyway, congratulate to those making use of the wave ......
thats due to purity of the panels. degradation is caused by presence of high levels of randomised unknown elements present inside solar panel on an unknown gambling basis.
its materials science. same principle applies everywhere same thing happens with steel, improperly made steel products with randomised impurities rusts extremely rapidly.
SinGor
Osk jv with Toshiba to bid for Lss3 but failed due to high bidding price. Toshiba has long experience in Arab states for LSS, 15years. They used premium solar panel with low maintenance cost compare to almost ALL Malaysia LSS. Japanese has found out the Efficiency of Chinese panel started to fall to 75% after 5 years. Most Malaysia LSS are 15--25years which means replacement cost and Maintenance cost will Bankrupt most LSS operator. Alot Chinese LSS operator are facing serious financial problem bcos Chinese Solar Panel is unreliable at Best
drop to 75% efficiency is still not a bankruptcy matter. what is fatal is that unknown element impurities also cause these solar panels to crack. => 0% efficiency. Solar Panel Cracking is not covered by warranties.
It won't go bankrupt. They already incurred most of the installation and land acquisition costs. Even with 25% degradation, they are still cash flow positive for 20-25 years. And with contribution from Vietnam's power plants, they are still good and able to pare down their debt. The issues with this Company are just management incompetency in resource allocation to existing businesses, acquisition of new businesses and cut the unprofitable businesses
Directors only good at self-enrichment scheme. They demanded for free shares on top of fatty Directors' fees. That is the reason why small shareholders deserted them. Just wonder where are the sifus now. Why didn't these sifus warn the small fry before all got deep fried.
Take Ah Kong's money and put in your own pocket, Directors say it is a Long Term Incentive Scheme to 'retain' those 'talent'. Taking rakyat's money and put into their own pocket, we call it 'corruption'. Corrupted politicians are charged and put behind bar one by one. What happen to those involved in Self-Enrichment Scheme under the name LTIS? The Directors are to be punished by minority shareholders, shares become toilet papers at the end.
Hopeless JAKS Management Team. Based on the performance of the share, they are definitely not justify to be given any Long Term incentive shares, not at the expense of the share holders.
Next AGM, to propose for all the Executive Directors and management team to get 50-70% pay cuts. They are lucky that the power plants in Vietnam were built by its Chinese partner, with RM120m profit after taxes per annum, else is going to become another failure. The lesser they do the better for the shareholders, as they need less money from the shareholders. No wonded they cannot attract institutional investors to this Company
It could be a decent company if not because of its incompetent management team. Hope they could stop the bleeding investment business. In fact the lesser they do the better; be it into new ventures or investor relations activities. More efforts should be focused on its existing businesses
Another round of self-enrichment scheme. TP of Jaks is now at 15 sen taking into consideration free shares alloted early , this round of LTIP, is current price, and very weak market sentiment.
The LTIP options will be worthless to the ALP and the employees if the share price stays below 24 sen. Obviously they have to find ways to improve the company's financial performance in order for the share price to move upward to say at least 50 or 60 sen. Otherwise, there is little kick for them. 10 sen or 20 sen gain from the total of 17 million shares would translate into RM1.7 mil or RM3.4 mil profit for ALP from his entitlement which will mean nothing exciting for him....
Wonder why I am unable to access to the I3 JAKS private chat group adminstrated previously by DK and Ah Seng. Is the chat group still exist and how do I sign in. Welcome advice.
My good friends , our exit TP is 2 years or RM1.50 whichever earlier. we are value investors. we know what we buy , we know we must give time for the business that we are involved to grow . we know successful investment has just 2 criteria to comply, 1. know what you buy . 2. stay with what you buy until you see the success or convincingly proven wrong by facts and data , not comparison. we should know not every one here share the same good lucks or good karma .
I understand your disappointment and frustration , BUT isn't it also a good lesson for your investment life . when an investment has made you can not wait for the day of success , that means you are over invested. your bad days now is a good reminder to you every time before you enter a trade for the days to come you will never enter a trade more than the amount you can afford to see no profit for a reasonable period of time . big money is made in the making . no waiting , then practically there is no achievement
2 years from COD , Feb 2021, is a reasonable time frame for the business to prove our calculation correct . and also a reasonable time frame for the management to prove to us that they have the capability to lead the company to a next level of growth and create value for the shareholders
we must treasure our hard earned money , some come from our good lucks and most of it come from our hard works .
if our goal is an extraordinary success , then it is unfair to our money if we always demand the success should always come from good lucks . it is also unfair to our money if we do not have the patience to wait a reasonable span of time to see the outcome
what is your investment outcome ? no one, other than the snake oil sifu dare to guarantee you you may have the best analysis you may have the best calculation before real money is seen, all calculation is just a numbers game . but when the real number is seen, spring is over.
so some choose to enter early and some choose to enter late . whatever it is , when we believe a reliable and reasonable will never fail us and we are not defeated halfway by our own distress , we can be the winners at the end .
good lucks good health stay safe at home my good friends
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....
ValueInvestor888
1,191 posts
Posted by ValueInvestor888 > 2022-08-26 10:45 | Report Abuse
The last PP to raise funds which bring NOSH to over 2b shares for LSS4 is a bad move as LSS4 can only bring less than 10% return, my guess is likely 5% based on estimate by people who in the industry due to increase in commodity costs. With such a hugh NOSH, jaks cannot even make 1 sen EPS quarterly. Local business loss RM 15m. Vietnam Power Plant contributed RM 30m. Net profit RM 15m.