https://youtu.be/vssNP00vxng?si=2PeuxpAAbZl2vl8d

Still remember above video.
Can serbadk shareholders now take class action againt the lawyer?

How about any actions to be taken on Lawyers who attempt to mislead the public particularly in a clear-cut case involving criminal breach of trust (CBT) and money launder (Serbadk vs shoplot auditor)?

My EGM questions send out yesterday.
What will capitalA BOD answer on:
Question 3: BOD, with such a good deal will Capital A chief executive officer Tan Sri Tony Fernandes put money where his mouth is by converting his holding in RCUIDS into CapitaA shares?

And AAX WYNCORP Independent Adviser answer on:
Question 5: WYNCORP Independent Adviser how to justify paying RM 3 billion for AAAGL that is still PAT negative, shareholders’ deficit of RM (4,515,397,000) and with total borrowings, debentures and lease liabilities of RM 9,638,715,000 to be fair and reasonable when Mr. Market only valued the whole of CapitalA at RM 4.049 billion as at 27th Sept 2024?

Date of Change Type Number of Shares
27-Sep-2024 Disposed 10,000,000
Registered Name Insas Technology Berhad
Nature of Interest Indirect Interest
27-Sep-2024 Acquired 10,000,000
Registered Name M & A Nominee (Asing) Sdn Bhd for Media Lang Limited
Nature of Interest Indirect Interest

Disposal from Insas Tech (equity accounting) to Media Liang (investment holding) and will report disposal gain.

So finally after a very long-long winter qqq3 can untrapped himself from China and HK market.

Add in addition 2 questions:
Projection risk
“The AAAGL Purchase Consideration and AAB Purchase Consideration were arrived at after taking into consideration, amongst others, the range of valuation for the entire equity interests in the Target Companies based on the valuation undertaken by Deloitte. In arriving at the valuation of the Target Companies, the Valuer has considered a number of valuation approaches and adopted the DCF method of valuation as the primary method for the valuation of the AOCs, namely AAB, TAA, PAA and IAA using the 5-year financial projections of the said AOCs from 1 January 2024 to 31 December 2028 together with the underlying bases and assumptions.

Question 15: Deloitte, what are the projected: Net cash generated from operating activities, repayment of borrowings, debentures and lease liabilities for each of the 5-year financial projection of the said AOCs from 1 January 2024 to 31 December 2028?

Question 16: BOD since the valuation is based on 5-year financial projection and to eliminate the projection risk should BOD get a 5 years contractual guarantee that capitalA will reimburse AAX on any shortfall to the projection?

7.6.4 Goodwill and impairment risk
“The Proposed Acquisitions are expected to give rise to goodwill to be recognised, the amount of which will depend on the fair value of the Target Companies’ identifiable assets acquired (including any intangible assets identified) and liabilities assumed upon completion of the Proposed Acquisitions.

The identifiable assets and liabilities of the Target Companies will initially be recorded in the New Aviation Group’s books at their provisional fair values as at the acquisition date pending the conclusion of a purchase price allocation exercise in accordance with Malaysian Financial Reporting Standards 3 Business Combinations. Although a preliminary assessment has been conducted, the final outcome of the purchase price allocation exercise cannot be ascertained at this juncture. Any fair value adjustment to the identifiable assets and liabilities arising there from may affect the goodwill and financial position of the New Aviation Group. In addition, any impairment on the carrying amount of the investments in the Target Companies (including any goodwill and intangible assets arising from the Proposed Acquisitions) and amortisation of
any intangible assets identified from the Proposed Acquisitions may affect the financial performance and financial position of the New Aviation Group.

For illustrative purposes, as set out in the pro forma consolidated statement of financial position
of our Group as at 31 December 2023 in Appendix VIII of this Circular, the goodwill and intangible assets upon completion of the Proposed Acquisitions are RM10,090.74 million and RM2,430.84 million respectively, based on the assumptions and parameters stated therein.

With billions in goodwill, deferred tax and intangible assets in non-current assets.

Posted by TradingFUN > Sep 30, 2024 12:16 AM | Report Abuse
@SSLee did you read through the circular to understand how AAX manage the shareholder equity to be positive after post merger ?

https://klse.i3investor.com/blogs/Sslee_blog/2024-09-29-story-h470136116-CapitalA_and_AAX_EGM_questions.jsp

CapitalA and AAX EGM questions
Author: Sslee | Publish date: Sun, 29 Sep 2024, 10:20 PM

https://klse.i3investor.com/blogs/Sslee_blog/2024-09-29-story-h470136116-CapitalA_and_AAX_EGM_questions.jsp

CapitalA and AAX EGM questions
Author: Sslee | Publish date: Sun, 29 Sep 2024, 10:20 PM

So now ytlpower forum will be fulled with Mike-tikus gibberish.😬🤮🥶

Aiyoyo small boy Mike-tikus act big by name-dropping and claim he won just to seek attention and syiok sendiri.

In reality he trapped himself high in Jaks for more than a year now and I doubt he has 100K to invest in stock.

Most likely he is just a poor nothing better to do loner who love DIY. LOL

And also go every i3forum to promote jaks

Aiyoyo Mike-tikus,
Go every i3forum also twist and turn and slander people.
No wonder klee call you little boy and Philip told you off boy go somewhere else loitering.

Repost
Mike-tikus & Felix still in denial mode that it is their doing that brought about the flooding of i3forum with gibberish, hatred, misinformation, falsehood, cursing, trolling, provocation, insulting, name-calling and worst of all cyber sexual harassment.

The net worth restate due to accountimg standard Transition from FRS to MFRS starting FY30/6/2019

Last 10 FY Result
Financial year 30/06/24 30/06/23 30/06/22 30/06/21 30/06/20 30/06/19 30/06/18 30/06/17 30/06/16 30/06/15
Net Worth 1,529,425 1,384,227 1,268,068 1,142,229 1,103,509 1,132,549 1,781,103 1,810,143 1,811,294 1,769,599

According to Jensen Huang, for every dollar a cloud service provider spends with Nvidia, it translates to $5 worth of rentals

The question to ask is who will be the end users that ready to pay the developers that pay the infrastructure players/cloud service providers the $5 worth of rentals for every dollar a cloud service provider spends with Nvidi?

I hold millions in Jayatiasa but only hold 1,000 units each in capA and AAX.
Coming weekend I will prepare my EGM questions.

Scoot is based in Singapore only.

I am saying if government in Cambodia, the Philippines, Indonesia, Thailand and Malaysia allowed scoot Cambodia, Philippines, Indonesia, Thailand and Malaysia to be based in Cambodia, the Philippines, Indonesia, Thailand and Malaysia and operate an LCC airline then what will happen?

Do you know Batik is LCC based in Malaysia associate with Indonesia Lion Air?

Did somone know that long ago capA already sold all their aircraft and engines to lessors and lease back the aircrafts and engines from lessors?

And out of total 362 aircraft in order book to be delivered in the next 12 years, 73 aircraft have been secured financing through sale and leaseback arrangement with several lessors.

By the way AA already can't compete with local LCC in Indonesia and Philippines

And AA Thai already localised and belong to listed AAV

Imagine if SIA will to set up a budget/LCC airline in Cambodia, the Philippines, Indonesia, Thailand and Malaysia will AA able to compete then?

Is stony already so fast forgeting about his AA India and AA Japan misfortune and how about the promised of AA China?

Must he picked on Singapore just to make a show?

Mike-tikus & Felix still in denial mode that it is their doing that brought about the flooding of i3forum with gibberish, hatred, misinformation, falsehood, cursing, trolling, provocation, insulting, name-calling and worst of all cyber sexual harassment.

Is Mike-tikus trying to say insiders syphon out all the money (997 million)?

Aiyoyo Nike-tikus did not even know what is share of profit (paper accounting profit) and dividend (cash return)?

So the investment only cash returned is dividend.
ROI= cash returend/investment.

Know what when I do feasible study on any projects in China the investment cash return must not not more than 5-6 years.

Aiyoyo Mike-tikus can you do addition 997 million????

The EPCC JHDP power plant paper contruction profit will suffered how many millions impairment??

Mike-tikus/little boy do you missed Felix?

China-cracy aka Socialism with Chinese characteristics is for the benefit of 99% of the population while Western democracy aka capitalism is for the enrichment of 1% ruling elite

Posted by EngineeringProfit > Sep 26, 2024 3:26 PM | Report Abuse

Democracy cannot eardicate poverty better than China-cracy without functioning democratic institutions meant to ensure fairness, transparency, and accountability

Aiyoyo Mike-tikus,
Are you a little boy?

Sslee @klee,
Anything to say to Mike-tikus who see ghost everywhere?

Repost from jaks forum
jjohnchew Hoho ssleee yr ❤️Pokkai tin Kosong Huang had followed u to Yinson with aka id Klee, told his best lies that made 1000 % on Yinson C35 wow .. followed u ke made profit RM 250,000 on Insas WC !!🤣
26/09/2024 3:56 PM
26/09/2024 4:05 PM


klee sslee,me bz with poultry n eggs,no time for that lil boy...
26/09/2024 4:45 PM

If plead quilty and disqualified as MB the how to become PM (PAS hopeful PM candidiate)

On Feb 29, the Jeneri state assemblyman maintained his not guilty plea for two charges of uttering seditious words regarding the Selangor MB’s appointment and the unity government’s formation during the said ceramah.

Democracy has no meaning if people still live in poverty and no access to clean water.

So is Kelantan democracy?

@klee,
Anything to say to Mike-tikus who see ghost everywhere?

Repost from jaks forum
jjohnchew Hoho ssleee yr ❤️Pokkai tin Kosong Huang had followed u to Yinson with aka id Klee, told his best lies that made 1000 % on Yinson C35 wow .. followed u ke made profit RM 250,000 on Insas WC !!🤣
26/09/2024 3:56 PM

Repost:
Stony must be a very sweet talker and can get a sucker billis to pay RM 6.68 billion for AAAGL and AAB and overall pro forma of RM18 billion when the transfer of accumulated losses in the aviation business to AAX

Are BOD of AAX under duress and coercion to pay so much for parts of CapA when Mr.Maket only value the whole of capitalA at RM 3,919 million?

CAPITAL A BERHAD MAIN : Consumer
Last Price Today's Change Day's Range Trading Volume
0.91 +0.025 (2.82%) 0.89 - 0.92 15,726,500
Market Cap: 3,919 Million
NOSH: 4,307 Million

The proposed RM6.68 billion disposal of AirAsia Bhd and AirAsia Aviation Group Ltd to AAX will lead to a pro forma gain of over RM18 billion when the transfer of accumulated losses in the aviation business is included, according to Capital A.
26/09/2024 3:36 PM

Stony must be a very sweet talker and can get a sucker billis to pay RM 6.68 billion for AAAGL and AAB and overall pro forma of RM18 billion when the transfer of accumulated losses in the aviation business to AAX

Are BOD of AAX under duress and coercion to pay so much for parts of CapA when Mr.Maket only value the whole of capitalA at RM 3,919 million?

CAPITAL A BERHAD MAIN : Consumer
Last Price Today's Change Day's Range Trading Volume
0.91 +0.025 (2.82%) 0.89 - 0.92 15,726,500
Market Cap: 3,919 Million
NOSH: 4,307 Million

The proposed RM6.68 billion disposal of AirAsia Bhd and AirAsia Aviation Group Ltd to AAX will lead to a pro forma gain of over RM18 billion when the transfer of accumulated losses in the aviation business is included, according to Capital A.

Will jayatiasa retest 52 weeks high of 1.53 or low of 0.835?
It will all depend of FFB production and CPO price. (Earning, cash flow and dividend )
So far July and Aug FFB production and CPO price were good.

Eagerly waiting for Sept FFB production
Management already gave a budget FFB production for FYE 30/6/2025 as 1,211,852 MT

30-Jun-2022
(Actual)
30-Jun-2023
(Actual)
30-Jun-2024
(Actual)
30-Jun-2025
(Budget)
Planted area (ha) 69,589 69,589 68,569 67,449
Immature (%)
(<4 years)
0.0% 0.0% 0.0% 0.0%
Young mature (%)
(4-7 years)
3.1% 0.0% 0.0% 0.0%
Prime mature (%)
(>7 years)
96.9% 100.0% 100.0% 100.0%
FFB production (MT) 737,723 943,924 1,155,478 1,211,852
FFB yield 10.6 13.6 16.6 17.8
Lower FFB output in FY22 due to disruption in operation
brought about by pandemic

By openly apologise to Sultan Sharafuddin, Selangor Menteri Besar Datuk Seri Amirudin Shari and Selangorians for his inappropriate remarks. He is by his own word indeed guilty as charges for two charges of uttering seditious words regarding the Selangor MB’s appointment and the unity government’s formation during the said ceramah.

So will he now has the ball to pledged guilty as charged?

I will always trade any stocks for my free bintang beer and lobster unlike Mike-tikus trapped high at jaks for more than a year now and still need to wait till 2025 to untrapped himself.

The question why chase up Teo Seng but not LTKM?

When a country’s debt becomes too high and it faces challenges in repaying it, governments will take an easy way out of increasing tax so won't be surprise the return of GST and new capital gain tax.

You can go into any national school and see for yourself the national school had been taken over by religion.

Derivatives
Night & Day Session
Night Session
NO NAME MONTH LAST DONE CHANGE VOL (`00) OI
1 FCPO Dec 2024 4,092.0000 +49.0000 9,172 92,093
2 FCPO Jan 2025 4,054.0000 +46.0000 2,387 32,948
3 FCPO Nov 2024 4,129.0000 +52.0000 2,380 45,634
4 FCPO Feb 2025 4,022.0000 +45.0000 1,205 17,381
5 FCPO Mar 2025 3,992.0000 +45.0000 722 23,896
6 FCPO Oct 2024 4,178.0000 +53.0000 271 9,884

Name of company Country of incorporation Principal activities Proportion of ownership interests and voting rights held by the Group
2024 2023

Subsidiaries of Hartalega Sdn. Bhd.
MUN (Australia) Pty Limited (1)(4) Australia Retail and wholesale of gloves 100% 82%

Yancheng MUN Medical Equipment Co. Ltd. (2) People’s Republic of China Retail and wholesale of gloves 70% 70%

MUN Health Product (India) Pvt Ltd (1) India Retail and wholesale of gloves 81% 81%

The only reason why many support PH is not because PH is good but the other side PN is unpalatable.

Should be the other way round. One used glove can be cleaned and make into Five condoms so it make more economical sense.

LOL there are so many power plant and solar RE payers in Malaysia alone.
So since when power plant and solar RE be considered as "moats" for jaks.

Do Mike-tikus really understand the meaning of “ moats “????

Posted by jjohnchew > Sep 25, 2024 1:15 PM | Report Abuse

Hoho bottom line finally Jaks found the “ moats “ by successfully diversified into Power Plant and Solar RE industry

And current borrowings RM 809,799,000

Not forgeting as at 30/6/2024 current trade and other payables:
RM 4,725,450,000.

Repost:
Posted by Sslee > Sep 1, 2024 8:05 AM | Report Abuse X

Lowest unit cost airline in the world. Management is very ambitious, cost conscious and forward-thinking.

Is capA after paying lease payment to lessors, will it be one of the most highest unit cost airlines?

Group’s YTD net cash from operations doubled YoY to RM2.1 billion.
Cash flow from financing activities
Repayment of lease liabilities RM (1,792,676,000)

CapA is too good to the lessors and still paying lessors RM (100,343,000 + 76,568,000) for non operating aircrafts in Q2 ended 30/6/2024.

As at 30/6/2024
RM'000
Net current liabilities (13,478,846)
Total equity (11,244,436)
NTA RM (2.12)

Current lease liabilities RM 5,510,697,000

Can capA generate enough cash flow to pay the current lease liabilities?
Luckily revenue bond come to the rescue. So that capA can live to fight for another day

What will be the end result when a snake swallon an elephant?