Posted by Mikecyc > 2024-03-02 07:25 |

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Posted by Mikecyc > 2024-03-02 07:33 |

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Posted by Mikecyc > 2024-03-02 08:12 |

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Posted by Mikecyc > 2024-03-02 08:40 |

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Posted by joyvest > 2024-03-02 08:53 | Report Abuse

JAKS proposed to raise PP of RM 53M or so.. As said, no one including the existing shareholders is keen to take up the PP and or RI anymore for the obvious reason. JAKS only knows to suxk the money from investors but never reward the investors with capital gain through appreciation of share price and Dividend. On the other hand , no one is keen to lend money to JAKs given their pathetic dubious dealings overseas in the past. Very pathetic

Posted by joyvest > 2024-03-02 08:58 | Report Abuse

Basically, their proposed PP is expected to fail.

Posted by hltan88 > 2024-03-02 09:55 | Report Abuse

其实很好奇jaks这几次的PP 是给那一些投资者买呢？是不是战略性投资者买jaks的PP呢？jaks都没公开过投资者是谁的。谢谢

Posted by joyvest > 2024-03-02 10:09 | Report Abuse

It is believed that PP is allocated to the "designated parties" as they are fully aware that the general investors including existing investors are not keen .Thats why they dare not go for RI as RI must be offered to the existing shareholders. As said, majority of the existing shareholders are not keen to subscribe , resulting in eventual failure and loss of confidence to the management . In the end , PP is the only option to them. External borrowing is out of the question now given their pathetic current situation.

Now the interesting question who the " designated parties " is . It is believed that it is from their own associated companies overseas .

Posted by xiaoeh > 2024-03-02 10:10 | Report Abuse

Posted by Balian de Ibelin > 13 hours ago | Report Abuse

The Jaks Solar Plant made a Huge Loss of RM2.3 million
Power-Energy (352) - (100) (2,302) - (100)

its huge losses because others company punya Solar plants made huge profits 🤣

Following the successful completion and achievement of commercial operations date
for the 50MW solar photovoltaic project under the Large-Scale Solar (“LSS”) 4
Programme in August 2023, the Power-Energy division commenced its business
operations of generation and delivery of renewable energy to Tenaga Nasional
Berhad (“TNB”) under the Power Purchase Agreement with TNB. Revenue
contribution of RM4.3 million was recognised in the Group from this division. This
division incurred a loss before tax of RM0.4 million in the current quarter due to the
depreciation charges and interest expenses.

wah...
learnt how to read report in detail way
i3 is the place to learn..
Thanks i3Lucker sifu

Posted by joyvest > 2024-03-02 10:28 | Report Abuse

Since Day 1 , Jaks never intended to reward their investors with dividends though they have built up tons of reserves out of their accumulated earnings over the years ( it is susceptible if those reserves are genuinely established or not ). There could be tons of reserves but cashflows is negatives , which makes it impossible to pay " cash dividend ".

Their lame excuse for non-payment of dividend is constantly in need of working capital for further investments ever. They even proposed to pay dividend in specie which does not involve the physical cash payment of dividend. Given all these signs, it is believed that they never intend to pay dividend to investors as rewards needless to mention the capital gain through appreciation of share price . Their current share price is pathetic as a result of which many are suffering from capital losses .

Posted by joyvest > 2024-03-02 10:33 | Report Abuse

The pathetic current share price is truly reflected from their current position now given the dark clouds casting over the company where its future prospects are said to be uncertain. The Company was once regarded as the jewel of the crown has lost its shine and is destined to be doomed .............................

Posted by MrFox > 2024-03-02 10:33 | Report Abuse

me one of them who suffer capital loss! but i was brave enuf to cut loss... and recovers the loss some other place!

Posted by joyvest > 2024-03-02 10:50 | Report Abuse

Yer, thats the way it should be. No point to tie up your capital with the company of no future by clinging your investment with them . You are more than capable of recouping your loss eventually from other counters of bright futures.

Posted by joyvest > 2024-03-02 10:53 | Report Abuse

Since Day 1 , Jaks never intended to reward their investors with dividends though they have built up tons of reserves out of their accumulated earnings over the years ( it is sceptical if those reserves are genuinely established or not ). There could be tons of reserves but cashflows is negatives , which makes it impossible to pay " cash dividend ".

Their lame excuse for non-payment of dividend is constantly in need of working capital for further investments ever. They even proposed to pay dividend in specie which does not involve the physical cash payment of dividend. Given all these signs, it is believed that they never intend to pay dividend to investors as rewards needless to mention the capital gain through appreciation of share price . Their current share price is pathetic as a result of which many are suffering from capital losses

Posted by Mikecyc > 2024-03-02 10:59 |

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Posted by Mikecyc > 2024-03-02 11:00 |

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Posted by joyvest > 2024-03-02 11:03 | Report Abuse

What is true is true and can not be untrue.. What is factual is always factual and can not be distorted. It used to be the crown but now it is the clown ............

Posted by Mikecyc > 2024-03-02 11:03 |

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Posted by Mikecyc > 2024-03-02 11:05 |

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Posted by Mikecyc > 2024-03-02 11:07 | Report Abuse

hltan88
hltan88 | Joined since 2020-05-31

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Posted by joyvest > 2024-03-02 11:10 | Report Abuse

Dont waste your time with this counter , Your opportunity cost is larger than your loss . Cut losses and move on.

Posted by Mikecyc > 2024-03-02 11:13 |

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Posted by joyvest > 2024-03-02 11:18 | Report Abuse

Dont waste your time with this counter. By clinging on with this counter, your opportunity cost is larger than your loss . Cut losses and move on.

Posted by Huangbk72 > 2024-03-02 11:19 |

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Posted by Mikecyc > 2024-03-02 11:30 |

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Posted by Huangbk72 > 2024-03-02 11:33 |

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Posted by Mikecyc > 2024-03-02 11:36 |

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Posted by Huangbk72 > 2024-03-02 11:44 |

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Posted by joyvest > 2024-03-02 11:57 | Report Abuse

Dont waste your time with this counter. By clinging to this counter, your opportunity cost is larger than your loss . Cut losses and move on.

Posted by Huangbk72 > 2024-03-02 12:02 |

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Posted by xiaoeh > 2024-03-02 12:28 | Report Abuse

money raise from PP will immediately use up within 1 year or slightly more
another PP will come again
share price may or may not go through a technical rebound by shorten sentiment
but the company is definitely under unhealthy stage
unless it can get lots of local construction projects
and then again
to start the projects will also need money....
more and more PP and RI...?

Posted by xiaoeh > 2024-03-02 12:41 | Report Abuse

i'm a slow learner
need more time to digest
Thanks Mr Huang

Posted by hltan88 > 2024-03-02 13:02 | Report Abuse

Jaks确实需要拿到本地基建项目来增强现金流量。但是现在高利率时期和物料有些高确实是个问题。他也很难拿financing去买多10巴仙Vietnam powerplant 的股份。比较起PP。去外面融资的高利率成本更高。确实是进退两难的局面。相信越南发电厂也面领高利率的成本。希望年中美国可以带头降息来让整体经济透透气。不然面对高融资成本。经济确实很难动。

Posted by hltan88 > 2024-03-02 13:25 | Report Abuse

为什么不卖些property去来减低债务呢？让资产负债表更健康些。准备tender接下的基建项目和RE项目。唉

Posted by xiaoeh > 2024-03-02 13:40 | Report Abuse

Posted by Mikecyc > 0 seconds ago | Report Abuse
Haha Xiaoeh why you bought Jaks at RM 0.365 ???

sorry just read as i'm really slow one
oh....
that time Aseng koh promoted kuat kuat
and his way of promoting not like you
he uses a lot of analogy and very convincing to me that time
and that time
me never never go and study
just hearsay and buy
until i realize Jaks actually a frequent PP and RI player
but it was too late...
nvm
just a small portion
find good time cut loss
will inform u

Posted by xiaoeh > 2024-03-02 13:57 | Report Abuse

now think back
that time i was too lazy to read read news, read charts and even corporate activities...
that time i don't know how to read annual reports yet too lazy to learn...
and my character had given me big lesson...
very naive...
i'm dumber

Posted by Mikecyc > 2024-03-02 15:06 |

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Posted by Mikecyc > 2024-03-02 15:10 |

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Posted by Mikecyc > 2024-03-02 15:28 |

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Posted by Shareview123 > 2024-03-02 15:45 | Report Abuse

Since Jan 2021, When Jaks was hovering around 60 sens after it was pushed up
from 40 sens ++,
there were few person promoted Jaks and gave a target price of 1.50,
they also formed a Private group which attracted a lot of followers.

When Jaks was hovering around 60 sens ++, a Broking firm also gave a target price of 82 sens.

There is a very high possibility that the syndicates ( included some major shareholders) took the opportunity to distribute their shares at high price. On the Other hand, they also worried that they may Lose control especially they worried KYY may come in again.
So, they have to engage some writers to give a Good story about Jaks.

After a lots of retailers jumped in, they pressed the price and issued few batches of PP at Lower price to accumulate Jaks.

When their plans are completed, they engaged some writers to talk bad about Jaks With intentions to panic retailers to sell back to them at very low price.

After they have accumulated enough Plus subsription for PP, they Will creat Good story to Goreng up again.

Posted by Mikecyc > 2024-03-02 15:49 |

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Posted by Mikecyc > 2024-03-02 15:53 |

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Posted by Mikecyc > 2024-03-02 15:55 |

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Posted by Mikecyc > 2024-03-02 16:11 |

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Posted by Mikecyc > 2024-03-02 16:14 |

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Posted by Felix888999 > 2024-03-02 16:18 |

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Posted by sense maker > 2024-03-02 16:27 | Report Abuse

This company made money from shareholders, not for shareholders. This has been forewarned 10 years ago.

Posted by hltan88 > 2024-03-02 16:47 | Report Abuse

除非把股价推上去吧。不然谁会要花每股49cent去convert warrants去普通股呢。是吗