One thing about qqq3 is he never boost of driving a big car or live in a big house (he can't afford one) but cycling with his German Made bicycle is his great enjoyment.
Nevertheless he like to boost about his imaginary holding of China stocks.
Actually there are many sifus in i3 earning a lot of money, those lost huge amount of money have been disappeared and don't want to play shares anymore
Hi can Mr OTB or Mr Sslee or whoever has the info helps to clarify if the profit from Vietnam power station held in JHDP real? Or is it just Jaks one sided story that the money is in there? The reason I doubt the money is in there is because while Jaks announced every quarters profits but Jaks still doing various private placement.
Please attend the next AGM or EGM and hold the Board accountable and answerable for what they said in 2021 AGM
When is JHDP expected to make its first dividend distribution? - The power plant has only just been fully completed and operating since end January this year. - Barring any unforeseen circumstances and subject to the profits and cash reserves available for distribution, we are anticipating the dividend pay out to be in mid-2022.
The profit from JHDP is real. The profit is kept outside malaysia to avoid tax on foreign source income. Profit for the first 3 years will be utilised for the subscription of optional additional 10% ownership in JHDP at cost plus interest. This will increase its future annual profit contribution from JHDP by 33% from about RM150m to RM200m.
+++++++++++++ It's Compounding
Hi can Mr OTB or Mr Sslee or whoever has the info helps to clarify if the profit from Vietnam power station held in JHDP real? Or is it just Jaks one sided story that the money is in there? The reason I doubt the money is in there is because while Jaks announced every quarters profits but Jaks still doing various private placement.
You do not keep profit outside Malaysia but you can keep the dividend reveived from outside Malaysia in any oversea banks. At far as no dividend received from JHDP, all the profit is just a book entered profit at Jaks P&L statement as share of profit in JV.
Jaks 30% equity in JV cost USD 140 million so another 10% will cost abt USD 46.67 millions. Year 2021 share of profit in JV: RM 139,283,000 Year 2022 cumulative 9 months: RM 110,017,000.
So by now the share of profit should by-right enough to pay for the addition 10% equity in JV.
even if the JV declares dividend, it is up to Jaks whether Vietnam holding company wants to declare dividend.........................................the plant is not hell directly but via and a Vietnam holding company.
Hi Mr Just88, How do you know the money in JHDP is real? I see some similarity in Jaks and Serba Dinamik. Serba also announced quarters after quarters of profits with lesser and lesser cash. Serba did various private placement and always oversubscribed according to newspapers. It only turn red when found fault by KPMG eventually. Auditor of Jaks is UHY Malaysia, not even a big four accounting firm.
I have suspicious on the money in JHDP because Serba once also claimed it has profits in subsidiaries in Middle East. Will UHY go to Vietnam to audit the account of JHDP?
Hi, It's Compounding, Since you do not trust the auditing process, I m afraid you are totally on your own. It is unfortunate that DK has removed all his articles on JHDP, otherwise you may gain some confidence through his comprehensive coverage.
If you are interested in Jaks, you may seek Aseng's permission to join DK's private group. Even though DK has left the group long ago, the group under Aseng administration is still sharing a lot of information on JHDP.
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....
qqq47660
8,999 posts
Posted by qqq47660 > 2022-12-27 23:39 | Report Abuse
lurk...I have been very consistent because I know exactly what is going on.......
the problem with HY is not that is a fraud but people simply calculate here and there based on their imaginations.