Jaya Holding

even in 2011 AGM, the young chairman did mention that he would look into refinance the debt when minor shareholders asking the possibilities of that...
it doesn't really surprise me, same topic comes out again, but i rather shocked that they managed to get term loan from capital, UOB and GE for US$150mil.. this mean the banks/financial institution either confident with Jaya or overall oil industry...
i believe strong oil price did provide good platform for Jaya to recover.. quickly
 
 
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[Jaja 12-11-2012]:

This article had hints about Jaya 's good future and possible refinancing:

@ JAYA's AGM: Business transforming in the right direction

penghock, you were at the AGM for FY2011? U have been following Jaya for a long time? Ask your expert opinion: what is a good price to buy Jaya up to? what do you think is its fair value?

if possible, the best price is to buy Jaya is at 50 cents.. lol.. that's the closest to where those private equity investors bought Jaya (such as the Chairman)
if you look at their NAV, they are at over 60 US cents.. and EPS at about 4 US cents.
I think anything between 50cents to 60cents still good to invest.. my average price also around there or higher (i can't recall)
but Jaya is for long term, not suitable for short term..
anyway, i think the private equity investors had invested more than 1 year, may be they are going to ask some return from Jaya (such as declaring dividends)
 
 
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[Lorna 13-11-2012]:

penghock, you were at the AGM for FY2011? U have been following Jaya for a long time? Ask your expert opinion: what is a good price to buy Jaya up to? what do you think is its fair value?

Currently 54.5-55 cents, which is as cheap as it can get. If they announce an interim dividend in 3 months' time, it will be a nice gift for the long-suffering shareholders

Any one know that the 12 vessel already have a buyer?

Why nobody interest in jaya?