JAKS RESOURCES BERHAD

KLSE (MYR): JAKS (4723)

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Last Price

0.135

Today's Change

0.00 (0.00%)

Day's Change

0.13 - 0.135

Trading Volume

589,000


41 people like this.

64,972 comment(s). Last comment by Mikecyc 1 day ago

Huangbk72

5,066 posts

Posted by Huangbk72 > 2023-10-27 22:28 | Report Abuse

Tony always say.. Now Everyone Can Fly

Huang now say... Now Everyone Can See

😎😎😎

Mikecyc

46,617 posts

Posted by Mikecyc > 2023-10-27 22:30 |

Post removed.Why?

Mikecyc

46,617 posts

Posted by Mikecyc > 2023-10-27 22:31 |

Post removed.Why?

Huangbk72

5,066 posts

Posted by Huangbk72 > 2023-10-27 22:31 | Report Abuse

Good Good Good.. who cares what happens in PMCORP?

Must be U also holding shares now? I left in 2013 so good luck to you 😁😁

Want to fabricate slander.. pls do a professional job.. make it believable at least.

Hahahhaha

Mikecyc

46,617 posts

Posted by Mikecyc > 2023-10-27 22:57 |

Post removed.Why?

Mikecyc

46,617 posts

Posted by Mikecyc > 2023-10-27 22:58 |

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Mikecyc

46,617 posts

Posted by Mikecyc > 2023-10-27 23:00 |

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joyvest

10,533 posts

Posted by joyvest > 2023-10-28 07:58 | Report Abuse

It is foreseen that someone called micky will be suspended very soon for hurling gibberish and slanderous remarks after he is incapable of refuting sensibly anymore.

Mikecyc

46,617 posts

Posted by Mikecyc > 2023-10-28 08:06 |

Post removed.Why?

Mikecyc

46,617 posts

Posted by Mikecyc > 2023-10-28 12:03 |

Post removed.Why?

Mikecyc

46,617 posts

Posted by Mikecyc > 2023-10-28 12:04 |

Post removed.Why?

Mikecyc

46,617 posts

Posted by Mikecyc > 2023-10-28 12:10 |

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Huangbk72

5,066 posts

Posted by Huangbk72 > 2023-10-28 12:11 | Report Abuse

Jaks remains top 10 shorted stocks in Bursa for a long long time. Why? Cos the business model is failing.

Cash flow position is ardous. 200M in negative position.

Will continue PP and RI and cash calls. Minority Shareholders holdings will continue be diluted at continuously lower price.

Banks will not loan anymore to Jaks. ROE is a mere pittance below 4%

Breakdown TTM 12/30/2022 12/30/2021 12/30/2020 12/30/2019
Operating Cash Flow -62,823 -80,946 -31,394 20,943 211,653
Free Cash Flow -200,367 -221,265 -34,748 -11,052 211,569

Mikecyc

46,617 posts

Posted by Mikecyc > 2023-10-29 08:07 |

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Sslee

6,788 posts

Posted by Sslee > 2023-10-29 09:01 | Report Abuse

Posted by Mikecyc > Oct 29, 2023 8:07 AM | Report Abuse

The Proposed DRP will be tabled as a special business at the 21st Annual General Meeting (“AGM”) of JAKS, which will be held on a fully virtual basis at the broadcast venue at Manuka 2&3, Unit 29-01, Level 29, Tower A, Vertical Business Suite, Avenue 3, Bangsar South, No. 8, Jalan Kerinchi, 59200 Kuala Lumpur, Malaysia on Tuesday, 27 June 2023 at 10.30 a.m

Tuesday, 27 June 2023 already long over: Mind telling us
-Did the BOD table the proposed DRP?
-What is the outcome?
-When will jaks shareholders receive their DRP?

Mikecyc

46,617 posts

Posted by Mikecyc > 2023-10-29 09:42 |

Post removed.Why?

Mikecyc

46,617 posts

Posted by Mikecyc > 2023-10-29 09:42 |

Post removed.Why?

Mikecyc

46,617 posts

Posted by Mikecyc > 2023-10-29 09:43 |

Post removed.Why?

Mikecyc

46,617 posts

Posted by Mikecyc > 2023-10-29 09:44 |

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Mikecyc

46,617 posts

Posted by Mikecyc > 2023-10-29 09:49 |

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Mikecyc

46,617 posts

Posted by Mikecyc > 2023-10-29 09:51 |

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Mikecyc

46,617 posts

Posted by Mikecyc > 2023-10-29 09:53 |

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Huangbk72

5,066 posts

Posted by Huangbk72 > 2023-10-29 10:10 | Report Abuse

Its been a while since I see another stock as bad as Serba... have to thank the Jalan Alor massage girl.. she ask me to come see her here in JAKS 🤣🤣🤣

Will happily camping here to see how Jaks gets out of this

Sslee

6,788 posts

Posted by Sslee > 2023-10-29 13:34 | Report Abuse

The Jalan Alor massage girl, already runroad with 6 digit gain when Jaks hit 0.24 only this dumbass still holding hoping for 7 digit gain.

Mikecyc

46,617 posts

Posted by Mikecyc > 2023-10-29 14:35 |

Post removed.Why?

stockraider

31,556 posts

Posted by stockraider > 2023-10-29 14:41 | Report Abuse

Apa answer....answer leh ?

Just buy more loh!

Posted by Mikecyc > 4 minutes ago | Report Abuse

Hoho KonLee no answer on Insas ke .. alamak is worst than PMCORP ke …

Posted by StartOfTheBull > 2023-10-29 14:54 | Report Abuse

Insas should consider setting up a store at Jalan Alor to add value to the company.

Mikecyc

46,617 posts

Posted by Mikecyc > 2023-10-29 23:50 |

Post removed.Why?

Huangbk72

5,066 posts

Posted by Huangbk72 > 2023-10-30 00:02 | Report Abuse

U complain SSLee twist and turn when he clearly posted answer in Insas thread. Just because you don’t understand financials, ask someone who does or no mirror ka?

Complain others twist and turn. U are worse, no twist and turn.. Only runaway scared to answer 😂😂😂

loganathan is my id because we both posted “ Through the roof”?? Then I have many aka then

What a sore loser and a runaway when tested 🤣

I wonder if anyone has IQ as low as you that can fabricate that kinda evidence

Mikecyc

46,617 posts

Posted by Mikecyc > 2023-10-30 00:08 |

Post removed.Why?

Mikecyc

46,617 posts

Posted by Mikecyc > 2023-10-30 00:19 |

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Mikecyc

46,617 posts

Posted by Mikecyc > 2023-10-30 00:20 |

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Huangbk72

5,066 posts

Posted by Huangbk72 > 2023-10-30 00:22 | Report Abuse

Brace for upcoming QR

Summary : reasons will be given for reduced share of profit from Vietnam
1) due to coal shortage, revenue reduced
2) due to increased borrowing cost from China, share of profit reduced
3) Looking ahead, operating condition is tough with reduced power tariff recently announced

Don’t be in the room when shit hits the fan

😂

Huangbk72

5,066 posts

Posted by Huangbk72 > 2023-10-30 00:22 | Report Abuse

When Vietnam announced reduced coal dependence from current 40% to 20%, will Jaks even take up the extra 10%

Jaks is not sole coal plant in VN. Over 70+ is operational now

What if all don’t convert to LNG? All revenue reduced by 50%?

Can Jaks find Usd 150-200M to convert their plant from coal to LNG? Buy printing machine and print own money? 😂😂😂

joyvest

10,533 posts

Posted by joyvest > 2023-10-30 07:10 | Report Abuse

M will be suspended soon like J

Mikecyc

46,617 posts

Posted by Mikecyc > 2023-10-30 07:16 |

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Mikecyc

46,617 posts

Posted by Mikecyc > 2023-10-30 07:24 |

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Mikecyc

46,617 posts

Posted by Mikecyc > 2023-10-30 07:25 |

Post removed.Why?

Mikecyc

46,617 posts

Posted by Mikecyc > 2023-10-30 07:27 |

Post removed.Why?

Mikecyc

46,617 posts

Posted by Mikecyc > 2023-10-30 07:29 |

Post removed.Why?

Mikecyc

46,617 posts

Posted by Mikecyc > 2023-10-30 07:31 |

Post removed.Why?

Mikecyc

46,617 posts

Posted by Mikecyc > 2023-10-30 08:03 |

Post removed.Why?

Huangbk72

5,066 posts

Posted by Huangbk72 > 2023-10-30 08:05 | Report Abuse

Brace for upcoming QR

Summary : reasons will be given for reduced share of profit from Vietnam
1) due to coal shortage, revenue reduced
2) due to increased borrowing cost from China, share of profit reduced
3) Looking ahead, operating condition is tough with reduced power tariff recently announced

Don’t be in the room when shit hits the fan

😂

joyvest

10,533 posts

Posted by joyvest > 2023-10-30 12:10 | Report Abuse

It is questionable if the hefty accumulated profits generated/ built up over the years are collectible or not or the profits are just "paper profits" like the case of Serba Dynamic where sales were fabricated . Even though there is heft accumulated profits , Jaks does not have the " liquidity " to pay " cash dividends
No wonder Jaks never pays dividends from day 1 but keeps telling the investors that they are in need of cash for re-investment as a lame excuse.

------------------------------------------------------------------------------------------------------------------

Accumulated Profit : 343,661,000. ( 1QR 324,951,000 ) ( Audited as on December 2022 is RM 310,874 ,000 )

joyvest

10,533 posts

Posted by joyvest > 2023-10-30 12:17 | Report Abuse

Jaks is unable to pay " cash dividend " as it is very clear that they are liquidity stricken. Thats why they resort to " DRP" which is a desperate move.
------------------------------------------------------------------------
On 13 February 2023, the Company announced a proposal to establish a dividend
reinvestment plan which will provide shareholders of JAKS with an option to elect
to reinvest in whole or in part, their cash dividend(s) as may be declared by JAKS,
which includes any interim, final, special or other types of cash dividend in new
ordinary shares in JAKS.


b) Dividend Reinvestment Plan (“DRP”)
The Proposed DRP is subject to the shareholders’ approval of the Company at the Annual General Meeting to be convened on 27 June 2023.

joyvest

10,533 posts

Posted by joyvest > 2023-10-30 12:27 | Report Abuse

Jaks has resorted to " Please" the shareholders by issuing free warrants to cover their failure to pay " cash dividend" .

With the free warrants , the equity shares are expected to keep ballooning beyond 3b as a result of which, Jaks can boast its low gearing level in disguise as if it was a scam.....

Huangbk72

5,066 posts

Posted by Huangbk72 > 2023-10-30 19:01 | Report Abuse

Cham Lo.. TA shows 14 Sell call/15 after today session. Yesterday only 13/15.. All Broken

Name Value Action
Exponential Moving Average (10) 0.202 Sell
Simple Moving Average (10) 0.202 Sell
Exponential Moving Average (20) 0.205 Sell
Simple Moving Average (20) 0.206 Sell
Exponential Moving Average (30) 0.206 Sell
Simple Moving Average (30) 0.208 Sell
Exponential Moving Average (50) 0.205 Sell
Simple Moving Average (50) 0.208 Sell
Exponential Moving Average (100) 0.206 Sell
Simple Moving Average (100) 0.198 Sell
Exponential Moving Average (200) 0.218 Sell
Simple Moving Average (200) 0.210 Sell
Ichimoku Base Line (9, 26, 52, 26) 0.210 Neutral
Volume Weighted Moving Average (20) 0.206 Sell
Hull Moving Average (9) 0.200 Sell

Mikecyc

46,617 posts

Posted by Mikecyc > 2023-10-31 04:34 |

Post removed.Why?

Mikecyc

46,617 posts

Posted by Mikecyc > 2023-10-31 04:36 |

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Mikecyc

46,617 posts

Posted by Mikecyc > 2023-10-31 04:44 |

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