by OTB > Feb 10, 2020 10:33 AM | Report Abuse
I told Mr Andy Ang during my visit to Hai Duong power plant in Vietnam in 2017, I told him to sell away all lost money Malaysian operations to focus on this power plant only.
He promised to do it and focus on the power plant only.
Thank you.
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such arrogance as if only the great OTB can see it coming....well, whether u buy Jaks or not is your choice but here are the risks.........
1....30% stake in power plant...there will be equity profits but whether got dividends ( cash) or not is not within even Jaks control.
2....Your priority, Jaks priority may not be China's priority.
3...There are still terms for Jaks to fulfill to claim its 30% ownership, and whether Jaks has the money to fulfill its terms
4....technology changes....nowadays renewables on total cost basis is already cheaper than coal plants on marginal costs basis causing many coal plants in US to shut down
5...if coal plants are commercially noncompetitive vs renewables then its only the PPAs to protect Jaks ...and PPA depends on many things including the relationship between China and Vietnam......
6....so what happens if Jaks got equity profits but no cash flow? the bloated nature of Jaks can sustain meh?
7...and if Jaks got dividends, minority shareholders got dividends meh?
8.....there will be a period, no more EPCC profits and also no more profits from the plants yet.......share price can hold up or not ? Don't know yet.....
9.....not like me and Icon buying at 50 sen 12 months ago, this is now $ 1.40.............
10......for ethical reasons, most big funds have vowed to stay away from coal plants to protect the planet....If u want to make money by destroying the planet , that is your choice too.
11......Steven Ang comes from a family who are grandmaster in stock market....and good old idiotic OTB think he can teach Steven Ang stuffs............
12...Their CFO sold Jaks at 80 sen, their Bumi partner selling at $ 1.40 recently, OTB is happy to take over their shares...........lol...........
13....share market, its about attitude , not about intelligent or smart because no one has the intelligence to outsmart the future.
https://klse.i3investor.com/blogs/stockman/2020-02-10-story-h1483759722-so_what_about_Jaks.jsp
