Hi dear fellow friends, i would like to enquire and ask u guys on the 5099-LA RCUIDS, is it mean we could receive 6c per share and also we can convert 5099LA into mother share at zero conversion cost at anytime till 2028? is my understanding correct? thanks
Issue Price and Conversion Price The RCUIDS shall be issued at 100% of its nominal value of RM0.75 each. The Conversion Price is also fixed at RM0.75 each for every 1 new AAGB Share.
Since RCUID issue price and conversion price are fixed at RM0.75. Thus you can surrender your RCUID to be coverted to mother share anytime before maturity date.
Any uncoverted RCUID on maturuty date will be redeemed back at RM 0.75
hi @sslee, does it mean, every holder of LA can surrender such LA to be converted to mother at zero cost? then why buy mother when u can buy LA with 6c every year?
hi @sslee, does it mean, every holder of LA can surrender such LA to be converted to mother at zero cost? The answer is yes.
You now know why Stony design the RI of RCUIDS with free warrants instead of RI of equity Right Issue shares with free warrants?
Stony and Kamar were using borrow money to subscribe for their RI entitlement and no bank will lend any money for borrowers to subsribe for a PN17 shares.
hi @sslee, does it mean, every holder of LA can surrender such LA to be converted to mother at zero cost? The answer is yes.
You now know why Stony design the RI of RCUIDS with free warrants instead of RI of equity Right Issue shares with free warrants?
Stony and Kamar were using borrow money to subscribe for their RI entitlement and no bank will lend any money for borrowers to subsribe for a PN17 shares.
Question: I see, thanks for your insight, i would like to ask, whats the risk in investing in 5099LA instead of investing in 5099 mother share?
The reason why bank do not lend money to PN17 company is because the normal route out of PN17 is debts restructure, capital reduction, share consolidation and then new capital injection.
Everyone required to take a hair cut to save the company.
Do you think CapA can exit PN17 by arm-twisting AAX to take over capA aviation at the expense of AAX survivability?
LA risk is lesser than mother share as long as capA survive and LA holders will continues received the interest payment and on maturity get back your RM 0.75 irrepective whether mother share drop to penny stocks.
The only non holder, yapping away for couple of years, while others are busy making money. If you are concerned about investors, start an investment institution to guide beginners. Boleh?
This morning I just bought 1,000 capA and AAX share. Stony can't run away from answering my AGM/EGM questions now or can he?
Warren Buffett once said, “The worst sort of business is one that grows rapidly, requires significant capital to engender the growth, and then earns little or no money. Think airlines.”
Unless previously converted or redeemed (subject to the terms and conditions of the RCUIDS), AAGB shall redeem the RCUIDS in accordance with the redemption schedule as outlined in Appendix I of the abridged prospectus dated 2 December 2021 in relation to the Rights Issue ("Abridged Prospectus") ("Redemption Schedule").
Please take note of the above statement.
The Appendix I (Page 61) Anniversary from Issue Date % of issued size redeemed* 1st - 2nd - 3rd - 4th 25% 5th 25% 6th 25% 7th 25%
If we do not convert, the company will redeem at 75 sen on Dec 2025, 2026, 2027 and 2028.
Capital A shareholder would receive up to 397 Nasdaq NewCo shares for each 1,000 Capital A shares held..how much value of share we would get? anyone can advice?
Total borrowings and lease liabilities of AAX/Newco will be escalated to RM 23,271,794,000 a gearing of 23.96 times after the proposed AAAGL and AAB acquisitions.
Do you think with over RM 23 billion of borrowing and lease liabilities can AAX/NewCo survive?
Capital A shareholder would receive up to 397 Nasdaq NewCo shares for each 1,000 Capital A shares held..is this in addition to our existing Capital A shares we holding ?
As of April 15, 2024, there were 2,136,291 shares of redeemable Class A common stock, 528,500 shares of non-redeemable Class A common stock, par value $0.0001 per share, and 2,875,000 shares of Class B common stock, par value $0.0001 per share, issued and outstanding.
On March 28, 2024, the Company held a special meeting of its stockholders (the “Special Meeting”). At the Special Meeting, the Company’s stockholders approved the proposal to amend the Company’s amended and restated certificate of incorporation, to extend the date by which the Company must consummate a business combination to thirty-six (36) months from the effectiveness date of the Company’s Form S-1 by the SEC, which was December 29, 2021, until December 29, 2024, by depositing into the trust account established for the benefit of the Company’s public stockholders $0.033 per non-redeeming publicly held share of common stock for each one-month extension.
In connection with such proposal, stockholders elected to redeem 1,383,212 shares of the Company’s Class A common stock, par value $0.0001 per share (“Class A Common Stock”). As a result, there will be an approximate payout of $15,229,164 (approximately $11.01 per share) that will be removed from the Trust Account to pay such holders. This has not yet occurred as of the date these financial statements are issued.
CapitalA Positive Weekly Pivot Point Momentum! S1: 0.75. PIVOT: 0.77. R1: 0.81. R2: 0.86. R3: 0.91. Trade at your own Risk! *Mr. Market...either sick of healthy (positive/negative ...trend/momentum...those talking craps about FA...are just school children...playing some marbles in markets🤷!? Nobody gives a damn... everyone wants to win multiple baggers.... that's all markets. That's Mr. Market Scenario. Especially CapitalA/AAX those who took the risk...already at least #20% gained....n laughing to the banks🤓
Those that keen to invest or has an interest in Capital A, can spend some time read both AAX and Capital A announcement. Any point dont understand can send queries for the AGM.
post AAX proposed acquisitions and proposed distribution by Capital A. AAG placement create a new bulk shares with estimate 24.64%, investors that put 1b for AAG 24 months working capital. "The Placement Shares are intended to be placed to independent third party investor(s) to be identified later".
Subscription option of 15% estimate 500++million shares, "The Proposed Granting of Subscription Options entails the granting by the NewCo to Garynma the rights to subscribe for such number of NewCo Shares representing, in aggregate, 15% of the total enlarged issued shares in the NewCo immediately after the completion of the Proposed Acquisitions (excluding treasury shares, if any) via 3 Subscription Options of 5% each. All the 3 Subscription Options will be granted by the NewCo to the Subscriber immediately after the completion of the Proposed Acquisitions."
price of ech option share "The issue price of the Subscription Shares comprised in each Subscription Option shall be the closing market price of the NewCo Shares as at the last trading day prior to acceptance by the Subscriber of the grant of the relevant Subscription Option during the Subscription Option Period."
Why investors pump billion and millions into a company?
Interest to know who will be the RM 1 billion PP investors?
The PP investors will get a discount of not more than 15% the 5-day VWAP of the AAX Shares / NewCo Shares up to and including the last trading day prior to the price-fixing date of the placement share.
Will the big sharks/PP investors placed a regulated short selling and earned the aprox 15% profit on the PP? Meanwhile suyiee sucker billis buying AAX/NewCo shares from open market
AAX release annual report soon, find out last year AAX private placement KAKI still at the top 30 shareholders or not, then you know how the institutional investor think.
The upside of LA: 1. 8% interest (if u buy at 75 sen), about to receive 1.5 sen per quarter per LA unit 2. LA started to repay 25% loan at 2025 all the way to 2028. In the middle, can convert to mother share if mother share price cantik. 3. LA share price move in tandem with mother share, but seldom drop below 75 sen. 4. Other than Allianz preference share and some of the plantation shares I owned, no companies can provide 8% dividend yield.
Banks cant loan PN17 company, but there are exceptions like Sabah Development bank (previous lender in 2021 and debt settled in 2023), Citibank and Bangkok Bank (current lender). Government institution wanted Tony and Kamarul sign personal guarantor, which they refused because they owned less than 30% of CAP-A at that point of time, SO they go for LA.
For obvious reason, Tony can angkut kepala and said they work them self out and not relied on government. We can forgive but cannot forget. Tony know which Bankers were supporting CAP-A and he will return in favor, example SABAH has direct flight from several oversea cities to KK, some local investment banks currently working on CAP-A corporate exercise (this is fat commission job), LA holders enjoying 8% interest and got chance to redeem mother share at 75sen (2023 alone got about RM350M worth of LA converted into mother share). Gov is a piece of sh!t when CAP-A in crisis, so Tony made LA unable purchased by government investors, such as non-guarantee element, PN17 and etc. On the other side, you see government can continue pour money into loss-making Malaysia Airline, mismanaged Sapura, and etc.
Total borrowings and lease liabilities of AAX/Newco will be escalated to RM 23,271,794,000 a gearing of 23.96 times after the proposed AAAGL and AAB acquisitions.
Do you think with over RM 23 billion of borrowing and lease liabilities can AAX/NewCo survive?
YES I DO believe they can sail thru the storm because they are surviving now.
23B leases are long term installment from Airbus & other Lease Co. Last week proposal, the creditors said OK for corporate exercise as long as debts are serviced in future, which is continue paid by new Co. every month. Please remember that 23B is not DUE IMMEDIATELY but due in 10-20 years.
These Lease co. and Airbus need reliable customer that has huge business scale to digest their aircrafts, AA is one of them, not small potato like MyAirline which is koyak now.
According to IFRS , contingency liability need to be reflected in balance sheet as asset and liability. AirAsia leasing planes from leasing company , the value of the planes will reflected in asset and total leasing amount in liability. The lease will be part of operating expenses , as long as in normal business condition , nothing to worry about
Do you know that in 2007, around half of all mobile phones sold were Nokia phones?. These guys were massively dominant!
However, in 2007 something happened that you can’t really blame Nokia for. A Smart Guy, Steve Jobs, made this insanely great smartphone that didn’t even have a keyboard, the iPhone. Not only that, he made buying apps so easy that people would actually buy them, making smartphones so much more useful.
And then, to make matters worse, Google decided to partner with every smartphone manufacturer in the world via Android, which would emulate the iPhone. And they didn’t care whether they made any money or not so gave the software for free.
As for Nokia, it’s far more difficult changing a legacy software, like Symbian, than making an essentially new one like Google did with Android. And given they were so dominant in both hardware and software; they couldn’t have really abandoned either.
Nokia should have adopted Android, they didn’t as they thought Android was way behind, and of course a competitor. Nokia now has becum a History Lesson..
With the emergence of the iPhone in 2007 marked a turning point. Nokia’s market share declined, and by 2013, it made up less than 3% of the total mobile phone market. The company sought to exit the industry altogether.
As for Apple, it’s actively exploring ways to integrate artificial intelligence (AI) features into its ecosystem. AI-powered iPhone: Apple (AAPL) and OpenAI resumed talks on integrating the startup's generative AI capabilities into the new iPhone, expected later this year. The discussions mark a renewed attempt by the tech giant to add the AI features to iOS 18, the next iPhone operating system.
Talks with Microsoft (MSFT)-backed OpenAI about a potential deal began earlier this year, following similar discussions with Alphabet (GOOG, GOOGL) to add Gemini to the iPhone. Apple may opt for a deal with both OpenAI and Alphabet or prefer one over another.
Apple's Q2 results are due on tomorrow, and Mabel will closely watch for comments on its strategy to integrate genAI functionality into the iPhone. Keep an eye out for more updates during Apple’s Q2 results announcement tomorrow!
Summing up: Nokia paid a high price for not embracing to the new way of thinking.
Luckily capA has a magician or a snake oil saleman to create value from thin air for shareholders or else capA already close shop or follow AAX footstep of debts restructure, capital reduction, 10 to 1 share consolidation and new capital injection.
The shareholders would have lose his/her shirt, pant, underwear and sock.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
paulthesotong
2,507 posts
Posted by paulthesotong > 1 week ago | Report Abuse
Operating Results don't lie n it's not a fake news
https://newsroom.airasia.com/news/capital-a-1q2024-operating-results#gsc.tab=0