Posted by paulthesotong > 2 weeks ago | Report Abuse

5 more years for Tony..
https://theedgemalaysia.com/node/709142

Posted by The_JQuestion > 2 weeks ago | Report Abuse

tony going from kolo lombo to colombo .... from bursa to Nasdaq... what message u need more? he's not going to quit... his legacy continues , this time internationally !!! HODLLLL ... good times

Posted by The_JQuestion > 2 weeks ago | Report Abuse

i rmb when snake snake and gang was complaining that tony dont dare to take loan in his name for cap A ,, now he is gurantee-ing his leadership for the future... the future is bright >>>
banks will return , everyone is ready , lets push to greater heights , one malaysia , one world soon :))

Posted by Sslee > 2 weeks ago | Report Abuse

If Stony's word can be trusted, pig can fly.

Posted by pangolin > 2 weeks ago | Report Abuse

bought it some to support capital A , just hunch for better QR

Posted by Sslee > 2 weeks ago | Report Abuse

AETHERIUM ACQUISITION CORP.

BALANCE SHEETS

December 31, December 31,
2023 2022
ASSETS
Cash $ 4 $ 334
Cash and marketable securities held in trust account 32,931,063 117,914,699
Total Current Assets 32,931,067 117,915,033

Total assets $ 32,931,067 $ 117,915,033




Cash flow from financing activities:
Redemptions of Class A ordinary shares (88,350,715)

Posted by Sslee > 2 weeks ago | Report Abuse

Above AETHERIUM ACQUISITION CORP
Dec 31 2022 and 31 Dec 2023
Capital flight from shareholder to the tune of USD 88,350,715 redemption of class A ordinary shares.

Posted by JrWarren > 2 weeks ago | Report Abuse

Ya, PIG is flying, I am seeing this company Performing, Improving and Growing since post-Covid era. Very very big big PIG.

I saw operating cashflow increase, I saw interest payment on-time, I saw debt slowly payoff (Sabah Development Bank - RM500m debt settled & other lease payment repaid), I saw new expansion plan and the plan is making huge progress (MRO Sepang hub tentatively completion ard June 2024), I saw new financier supporting the company, I saw much more thing that ordinary people and accounting nerd dont see.

The surprising part is, Story got balls to lead the company for another 5 years and the board also AGREED.

Posted by EngineeringProfit > 2 weeks ago | Report Abuse

Huat ar...lai lai lai

Posted by Sslee > 2 weeks ago | Report Abuse

CapA financial result
31/12/2023: 31/12/2022
RM'000: RM'000
Accumulated losses: (10,490,200): (8,923,188)
Total equity: (10,469,461): (9,516,958)
Shareholders' equity: (8,710,574): (5,725,093)
Net current liabiliaties: (12,507,207): (8,509,066)


Depreciation on ROU asset:(1,574,356): (1,309,533)
Financial costs- lease liabilities: (908,711): (705,152)

Under MFRS 16:
(i) On the Consolidated Income Statement, expenses which were previously included under aircraft operating leases will be replaced by finance costs – lease liabilities and depreciation of right of use asset;

(ii) On the Consolidated Cash Flow Statement, operating lease rental outflows, previously recorded within net cash flow from operating activities, are classified as “net cash flow used in financing activities” for repayment of principal of lease liabilities.


31/12/2023
RM'000
Cash flow from financial activities:
Proceed from borrowing: 1,270,016
Repayment of borrowing: (393,631)
Repayment of lease liabilities: (1,664,299)
Acquisition of Non controlling interest: (75,725)
Net cash usedin financial activities: (863,635)

So is someone looking at the same financial figures above and conclude the facts as:
operating cashflow increase?
interest payment on-time?
RM500m debt settled?
& other lease payment repaid?

Seeing just the figures cannot be the truth facts, you need to understand how the financial accounting figures are presented and what its actually mean/fact.

Posted by Sslee > 2 weeks ago | Report Abuse

Lease liabilities
The lease liabilities amounting to RM18.7 billion includes deferred aircraft leases of approximately RM2.3 billion. The lease liabilities are supported by ROU assets of RM12.1billion.

The Group had completed the restructuring of a total of 161 aircraft leases up to the date of this report including the waiver of lease rentals in arrears, as well as reducing future lease rates with a corresponding longer lease term, where necessary, and return of aircraft.

Know what is deferred aircraft leases of approximately RM2.3 billion mean?

Posted by The_JQuestion > 2 weeks ago | Report Abuse

snake snake lee , u comment so much , why did u buy at 0.70 ? is it because u lose money , crying out LOUD?
go ur other boring counters ,, stop being so negative in ur life :))

Posted by Sslee > 2 weeks ago | Report Abuse

Is telling the truth hurt you?

Posted by Sslee > 2 weeks ago | Report Abuse

I am just telling the truth and trying to educate people how to read and understand financial report.

In Chinese, we have an old saying in “授人以魚，不如授人以漁”, which means “give a man a fish and you feed him for a day; teach a man to fish and you feed him for a lifetime'.

Posted by JrWarren > 2 weeks ago | Report Abuse

守认以愚，不如受人以漁。
Stubborn people stay firm on their own opinion (愚见) only, why dont consider other opinions and benefit your self from different angle?
固守自己愚见，不如接受别人不同角度的观点来渔获未来。

Posted by Sslee > 2 weeks ago | Report Abuse

You are free to present your opinion as I never stop people from presenting their opinion as I respect and welcome people to give their opinion

I am here only trying to correct people trying to present the wrong figures or wrong facts as truth.

My I know why you are so against me of presenting the figures and the truth financial facts.

By the way can you count Stony already tell/promised everyone when capA can exit PN17 latest by..........and is his promised fulfilled?

Posted by JrWarren > 2 weeks ago | Report Abuse

You also looking CAP-A wind up previously, so when is the date?
That Indian boy now got another 5 years to deal with the mess, I am sure promise will be fulfilled.

An accounting figure is past figure, you are associating the PAST figure to current development and neglected all improvement thus far. I saw all your explained is figures and the PAST truth financial facts. A fact is a fact, nothing more.
You keep telling fact (CAP-A financial very bad), followed by explanation from the fact (CAP-A figures how, PN17, very weak), then you opined CAP-A counter very bad and will pok gai anytime. To me, you are humble historian that shares PAST figures and FACTS only. If you are banker, you are at the right track for being risk adverse, but even Citibank is lending to CAP-A, so ~~~~~~

Myself, is associating the PAST figure to current development and all improvement thus far.
I can tell financial is bad but there is figure improvement, I saw new business formed and ready to expand, I associated the new alliance strategy with potential.
I am giving fact (CAP-A figure is improving) and explanation (evidence that debt / interest paid, revenue & cash coming), then conclusion (not a bad counter because improvement, future vision and CAP-A is making huge progress) this company will survive.

Posted by Sslee > 2 weeks ago | Report Abuse

What do you call a PN17 company with below net current liabilities?
CapA financial result
31/12/2023: 31/12/2022
RM'000: RM'000
Net current liabiliaties: (12,507,207): (8,509,066)

Is the balance sheet figures below tell the fact of financial improvement or deteriorating Y to Y?
CapA financial result
31/12/2023: 31/12/2022
RM'000: RM'000
Accumulated losses: (10,490,200): (8,923,188)
Total equity: (10,469,461): (9,516,958)
Shareholders' equity: (8,710,574): (5,725,093)

Posted by EngineeringProfit > 2 weeks ago | Report Abuse

huat arrr....lai..lai...lai..........

Posted by HaHassan > 2 weeks ago | Report Abuse

Retire rich 😆
https://www.thestar.com.my/business/business-news/2024/04/25/fernandes-on-board-capital-a-for-five-more-years

Posted by hhhiii123 > 2 weeks ago | Report Abuse

tomorrow LU!!

https://www.chinapress.com.my/20240425/%e4%ba%9a%e8%88%aa%e9%95%bf%e7%a8%8b%e6%96%a5%e8%b5%8468%e4%ba%bf-%e6%94%b6%e8%b4%adcapital-a%e8%88%aa%e7%a9%ba%e4%b8%9a%e5%8a%a1/

Posted by EngineeringProfit > 2 weeks ago | Report Abuse

Hihi

Posted by Nepo > 2 weeks ago | Report Abuse

Good or bad to Capital A shareholders?

Because i saw 10 angry faces and zero happy face in China press..

Posted by Mabel > 2 weeks ago | Report Abuse

Haha the reason why Mabel put her money in PN17 Sapura Energy and Capital A is because she wants to be part of their turnaround journey. Capital A, who is the CEO? Sapura who is the CEO?

Here lies the differences:

One can start from Zero to be a Hero.
Satu lagi kena jual ini jual itu sampai Zero.

Let's see how these two CEO (Sapnrg and CapitalA) managed their turnaround. So far both of these PN17 Companies have been profitable and not a liability for Mabel to hold.

Coming to think of it it's prudent for Sapnrg to exit the EP game. It’s for big boys like Petronas, Shell, Aramco who have deep pockets and 20/30y ROI Horizons. Best for sapnrg to stick to EPCC business as they are not getting any support and time is running out of the Regulation Plan timeline.

This week, too many Big Boys especially the bankers are throwing Sap at 5 and 6...All chicken..Tengok Capital A this week shoot up despite tension between Iran and Israel with high oil price. Capital A climb while Sapnrg remains status quo.

Bottom line, no one want to touch Sap but willing to touch Capital A...

Looks like Tony seems to be better Magician than Anuar ...

Captain Mabel Meow

Posted by kyzertai > 2 weeks ago | Report Abuse

The new share list with rm1.30 ? The NewCo will then acquire Capital A's aviation business — AAB and AirAsia Aviation Group Ltd (AAAGL) — for RM6.8 billion. It will be issuing new shares worth RM3 billion in the NewCo — 2.31 billion shares at RM1.30 each — to acquire AAAGL.

https://theedgemalaysia.com/node/709390

Posted by Mabel > 2 weeks ago | Report Abuse

Meow Meow Meow

Posted by kyzertai > 2 weeks ago | Report Abuse

The new share list with rm1.30 then aax share 1 to 1 swap to new share ? The NewCo will then acquire Capital A's aviation business — AAB and AirAsia Aviation Group Ltd (AAAGL) — for RM6.8 billion. It will be issuing new shares worth RM3 billion in the NewCo — 2.31 billion shares at RM1.30 each — to acquire AAAGL.

https://theedgemalaysia.com/node/709390

Posted by Mabel > 2 weeks ago | Report Abuse

Touche Bro...

This is a stark difference between Engineers & Accountants...Engineers are linear in thinking.... accountants hv lateral thinking...that's why you see Tony is a magician.. make tons of money not from internal fund.

Posted by kyzertai > 2 weeks ago | Report Abuse

Ya, this idea are really magic as believe it lift up price indirectly from new share

Posted by Sslee > 2 weeks ago | Report Abuse

AAX will swap their shares in AAX with shares of the NewCo — Airasia Group Sdn Bhd — on a one-to-one basis.

The NewCo will then acquire Capital A's aviation business — AirAsia Aviation Group Ltd (AAAGL) and AirAsia Bhd (AAB) — for RM6.8 billion. It will be issuing new shares worth RM3 billion in the NewCo to acquire AAAGL, while it will acquire AAB for RM3.8 billion, to be satisfied by assuming RM3.8 billion of the RM3.83 billion worth of debt that Capital A owes AAB.

My opinion:
Engineer work according to the law of physics and chemistry to create many wonders of the word.

Accountant can be very creative like magician giving the illusion of create money out of thin air.

But remember money do not fall from the sky. And according to our legal law if AAX/newco default on any debts transfer from capA then i'm afraid Stony and the whole BOD most likely will end up in jail for below offences:

The Companies Act 2016 (“CA 2016”) codifies a general duty on directors’ conduct of trading in a company close to the point of insolvency and any potential liabilities on that account. In broad terms, ‘insolvent trading’ may also be referred to as ‘wrongful trading’ and ‘fraudulent trading’.

Wrongful Trading
In the CA 2016, an offence of wrongful trading is captured in section 539(3) that:

“…an officer of the company who knowingly was a party to the contracting of a debt had, at the time the debt was contracted, no reasonable or probable ground of expectation, after taking into consideration the other liabilities, if any, of the company at the time, of the company being able to pay the debt, commits an offence…”

Fraudulent Trading
Whereas section 540(1) of the CA 2016 stipulates an offence of fraudulent trading as below:

“If it appears…that any business of the company has been carried on with intent to defraud the creditors of the company or creditors of any other person or for any fraudulent purpose, the Court may declare that any person who was knowingly a party to the carrying on of the business in that manner shall be personally responsible…”

If an offence under section 539(3) has been made out, offenders may be punishable with a maximum imprisonment of 5 years or a maximum fine of RM500,000, or both. Reading together with section 540 of the CA 2016, it is added that the offender may even bear personal liabilities for the payment of the whole or any part of the company’s debt without any limitation of liability upon a court’s declaration

Posted by paulthesotong > 2 weeks ago | Report Abuse

Is this the biggest deal of the last decade?

Posted by Nepo > 2 weeks ago | Report Abuse

Sure Capital A can go out from PN 17, but what does her wallet left..sell all the profitable asset just to get out from PN17..
Let see the share performance..let the expert to earn this money..

look like till now no one here can give the details explanation to the impact to the share price of Capital A and AAX..

Posted by FlyingElephant > 2 weeks ago | Report Abuse

who is the winner? cap A or aax? very confusinng the proposal.

Posted by Noni > 2 weeks ago | Report Abuse

FlyingElephant, CapA is the winner, out from PN17 and resume new business.

Posted by Nepo > 2 weeks ago | Report Abuse

8.36am, TO price = RM 0.71 up 0.01

Posted by Nepo > 2 weeks ago | Report Abuse

Capital A if today can't up, then sure die lah, because no proft generating assets..short haul profitable avaiation biz offset with loss making long haul bix, NewCo not good

Posted by Mar2083 > 2 weeks ago | Report Abuse

Look like may up trend today

Posted by human > 2 weeks ago | Report Abuse

The proposal cannot be interpret using accounting practices. This is corporate restructuring.
New entity AAG is created to replace AAX listing status.
AAG then group AAX(long haul), AAB(malaysia business), AAAGL(Asean exclude malaysia business) businesses into AAG control.
AAG will raise 1bil working capital from new investor.
So end results are
AAG become AA passenger airlines owner with new 1b fund to start new journey.
Capital A disposes passenger airlines business and the liabilities while still give existing shareholders assess to AAG through bonus shares. Capital A then focus on plane maintenance, digital travel platform, fintech, plane cargo logistics , etc business with a leaner liabilities.

Posted by Nepo > 2 weeks ago | Report Abuse

8.47am TO price still at 0.71
....All eyes on Capital A and AAX today..
Definately turbulance today, fasten your seat belt..

Posted by Sslee > 2 weeks ago | Report Abuse

A new 1 billion fund injection will not be enough for working capital and debts servicing.
Know what is the debt alone with AA Philippine park under AAAGL?

AAG become AA passenger airlines owner with new 1b fund to start new journey.

The NewCo will then acquire Capital A's aviation business — AirAsia Aviation Group Ltd (AAAGL) and AirAsia Bhd (AAB) — for RM6.8 billion. It will be issuing new shares worth RM3 billion in the NewCo to acquire AAAGL, while it will acquire AAB for RM3.8 billion, to be satisfied by assuming RM3.8 billion of the RM3.83 billion worth of debt that Capital A owes AAB.

Posted by Realrich > 2 weeks ago | Report Abuse

Look like is bad news aax drop like hell and capital a open not good also

Posted by witan > 2 weeks ago | Report Abuse

LU??? More like Limit Down

Posted by witan > 2 weeks ago | Report Abuse

This deal is macam left pocket to right pocket. The only one who will be benefited from this exercise is Tan Sri and his gang

Posted by Realrich > 2 weeks ago | Report Abuse

Should buy or sale let me know. I really don't know how

Posted by i3gambler > 2 weeks ago | Report Abuse

I do not know whether CapA will go up or down.
But I am pretty sure it is very unlikely that CapA-LA will become default,
So I rush in to buy CapA-LA at 0.78.
As long as it is not going to be default, then my return will be 6.87% p.a.

Posted by jenabchen123 > 2 weeks ago | Report Abuse

The gems are with Capital A. Their Bigpay ewallet with Ali pay involvement as well as airline catering unit surely propping up Capital A. Lean and without too much flying the aircrafts and instable aircraft fuel exposure.

Posted by limch > 2 weeks ago | Report Abuse

LU some comment why cannot see?

Posted by Realrich > 2 weeks ago | Report Abuse

I think I buy aax and capitala both side up. So I don't miss the boat

Posted by human > 2 weeks ago | Report Abuse

Accounting and business understanding of working capital is difference.
A reorganization need new fund to run a company for certain period to generate cash to first service the interest before looking at profit,
Bankers do not expect business to clear all debts if not how they make money?
Bank that does not hold debt cannot earn profit from interest servicing.
Ideal case for bankers is that a company is under debt with constant repayment of interest that run a business that has demand and sustainable.
budget passenger flight is always on demand.

Posted by Realrich > 2 weeks ago | Report Abuse

Buy aax and capitala now go go fly to the moon both counter sure up at least one