From your post below, though the company has made tons of profits , its cashflow is said to be negative. In accounting, profit is different from cashflow. The company can report tons of profit but its cashflow is negative. This is exactly what happens to Jaks which is believed to be cash stricken. Some commentators here have pointed out the same.
The above explains why the proposed DRP is proposed by the company whereby the dividend of RM 70m will not be redistributed as dividend to its shareholders under proposed DRP. Hence, how would you expect the shareholders to be contended with the company for not paying dividends for the past 20 years ? To make matter worse, the company keeps begging for more injection of equity funds from the shareholders/investors through RI and PP. The shareholders and investors are no longer drawn into this scheme . There must be a reason if not reasons for which the share price is stagnant if not depressed further. ---------------------- Johnchew5
> Accumulated Profit : 324,951,000 ( Audited as on December 2022 is RM 310,874 ,000 )
the last time 3xxx bought it went from 18 sen to 22 sen and after that insiders took profit back to 18 sen in blink of eye will this round be any different? and then he posted shortage of electricity in Vietnam which is totally irrelevant when Jaks has cashflow issues which will trigger Event of Default in payment to banks. Event of default triggers PN17. Liquidation also triggered.
Go go go Jtiasa. Go go go Insas cantik Oop wrong forum.
MONTHLY PRODUCTION FIGURES (MINING / PLANTATION / TIMBER) JAYA TIASA HOLDINGS BHD
Type Announcement Subject MONTHLY PRODUCTION FIGURES (MINING / PLANTATION / TIMBER) Description MONTHLY CROP AND LOGS PRODUCTION The Company wishes to announce the crop and logs production of the Group for the month of July 2023 as follows:
Date Settlement Price RM 14 Aug 23 3694 11 Aug 23 3717 10 Aug 23 3728 9 Aug 23 3771 8 Aug 23 3693 7 Aug 23 3772 4 Aug 23 3859 3 Aug 23 3824 2 Aug 23 3915 1 Aug 23 3872
FY21 Q3 150,310 151.92 M (26.88 M) FY21 Q2 206,567 151.49 M 4.63 M FY21 Q1 326,209 221.10 M 34.84 M FY20 Q4 238,549 139.26 M (36.11 M) FY20 Q3 173,388 144.59 M (45.92 M) FY20 Q2 273,559 186.91 M (7.26 M ) FY20 Q1 425,801 232.53 M 15.77 M
only relevant info is Event of Default, PN17 and liquidation for Jaks
another relevant info is possible sale by Chinese party to get hard cash USD due to China cashflow issue from export collapse. Somehow Joyvest also got to know of this info as well.
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....
i3lurker
14,380 posts
Posted by i3lurker > 2023-08-15 08:16 | Report Abuse
I only see 2 person gaduh
its the Snake at the Black Corner vs the Satanic Accuser Johnny at the Blacker Corner