Emotional Introvert Most defining characteristics: You are sensitive, melancholic and a perfectionist. You are a very emotional, caring and dedicated person. You believe that there is a bigger picture in life, one that we canât really see, but we can feel. You are very compassionate, strong minded
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2024-05-16 09:41 | Report Abuse
Referring recent announcement of divestment of The Group aviation to AAX
https://theedgemalaysia.com/node/709489
The divestment of AirAsia Aviation Group Ltd (AAAGL) is expected to give rise to a pro forma gain of RM4.69 billion to Capital A, while the disposal of AirAsia Bhd (AAB) would result in a gain of RM6.07 billion
I’m afraid the deal is a zero sum game. What The Group gains is AAX losses: AAX after the acquisition of AAAGL and AAB the total borrowing and lease liabilities is RM 23,271,794,000 gearing 23.96 times.
Question 32: External Auditor what is the likelihood that AAX/New Aviation Group default on payment on current liabilities: Lease liabilities, borrowing, aircraft maintenance, trade and other payables, etc?
Question 33: Company Secretary If a default happens; will the BOD of both CapitalA and AAX end up in jail for offences of Wrongful/Fraudulent trading under Company Act 2016 section 540 and Section 539?
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
Question 34: If capital A needs to be delisted from Bursa to get more time and space to do a proper capital-raising and restructuring plan and relist in the future, will BOD do so rather than a rush job that might land everyone in a bad place
2024-05-16 09:06 | Report Abuse
Life is unfair in Malaysia. Airlines employees do all the hardwork but the boss and airport get all the reward.
2024-05-16 08:58 | Report Abuse
I would say the final destination is delist and then relist.
2024-05-16 08:19 | Report Abuse
Repost:
Tariffs on rubber medical and surgical gloves will jump to 25% from 7.5% in 2026.
Philip know it, market over react to US tariff increase for glove from 7.5% to 25 % starting 2026.
So what will be the profit look like for Harta? Is the price surge sustainable with the profit growth?
Philip know what will be the profit look like to his Harta and Pchem. If he is smart as he claim he should take some profit off the table
2024-05-16 07:55 | Report Abuse
Good morning EngineeringProfit,
I only hold 1,000 units of capA so that I can send my AGM questions.
Repost:
08:55AM 5238 AAX Buy 1,000 1.540 1,000 1.530000 1,530.00 All Matched
08:40AM 5099 CAPITALA Buy 1,000 0.795 1,000 0.795000 795.00 All Matched
Stock : 5238 - AAX
Ref No.
Date
Transaction Type
Quantity
Price
121400866 30/04/2024 Buy 1,000 1.530
Stock : 5099 - CAPITALA
Ref No.
Date
Transaction Type
Quantity
Price
121400905 30/04/2024 Buy 1,000 0.7950
2024-05-16 07:40 | Report Abuse
How much did capA make last year?
Did capA employees got their derserved Bonus this year?
Know how much Stony pay himself last year?
2024-05-16 07:13 | Report Abuse
Tariffs on rubber medical and surgical gloves will jump to 25% from 7.5% in 2026.
Philip know it, market over react to US tariff increase for glove from 7.5% to 25 % starting 2026.
So what will be the profit look like for Harta? Is the price surge sustainable with the profit growth?
Philip know what will be the profit look like to his Harta and Pchem. If he is smart as he claim he should take some profit off the table.
2024-05-15 18:36 | Report Abuse
Insiders need to report any buying or selling.
So did you see any report of insiders buying or selling?
2024-05-15 17:56 | Report Abuse
Most likely Shark like Uncle YY is throwing
2024-05-15 17:54 | Report Abuse
Buyers think 12 sen is the bottom.
Sellers sold 12.5 sen and think he can subscribe to another tranche of PP at cheaper price.
2024-05-15 17:47 | Report Abuse
The actual number of Placement Shares to be issued shall not exceed 10% of the total number of Shares in issue at any point in time. Subject to the prevailing market conditions and depending on investors’ interest at the point of implementation, the Proposed Private Placement may be implemented in a single or multiple tranche(s) within 6 months from the date of approval of Bursa Malaysia Securities Berhad (“Bursa Securities”) for the Proposed Private Placement or such other approved extended period. As such, there could potentially be several price fixing dates depending on the number of tranches and timing of implementation.
Most likely after sharks sold all their PP shares then another tranche of PP again.
2024-05-15 14:10 | Report Abuse
I am here only giving some figures and hope people can think for themselve and not misled by the Mike-tikus.
2024-05-15 14:04 | Report Abuse
SUBSIDIARY COMPANIES
Company
2023 2022
RM’000 RM’000
(a) Quoted shares, at cost 222,000 –
Unquoted shares, at cost 80,511 196,991
Equity loans (Note 10(c)) 278,226 280,946
Redeemable convertible preference shares (Note 10(d)) 437,100 483,600
Less: Accumulated impairment loss (38,047) (36,207)
979,790 925,330
Market value of quoted shares 262,364 –
2024-05-15 12:02 | Report Abuse
Insas invested in many private companies in the form of preference shares that pay a certain dividend yearly.
2024-05-15 11:58 | Report Abuse
Shhhh I am waiting to buy Insas below RM 1.00
2024-05-15 11:43 | Report Abuse
A 25 year VN power plant with 25 year depreciation but the 75% loan bankers play safe and want their money + high interest back in 10 years.
So can report good profit but not enough cash flow to pay good dividend
2024-05-15 11:40 | Report Abuse
Every year I attended Insas AGM and complaint why can't BOD give a reasonable and fair dividend.
I'm still holding 400k+ Insas and looking to top up at below RM1 then Below RM0.9.
2024-05-15 10:02 | Report Abuse
Posted by MrHuangBK > May 15, 2024 7:21 AM | Report Abuse
Only 60% subscribed
Does this mean another batch of PP coming?
This time what will be the PP price for the second batch?
2024-05-15 09:59 | Report Abuse
Once upon a time some one use his pasar malam TA tool and predict that floor 19 is the bottom.
2024-05-15 07:15 | Report Abuse
Sorry my mistake the 180.7 million PP new shares listing date 15 May 2024.
Will PP subsribers sell their shares today for 1 sen gain?
2024-05-14 17:30 | Report Abuse
entries
Search:
Ann. Date
Date
Type
Units
Price
View
14-May-2024 15-May-2024 Private Placement 180,700,000 0.120 Additional Listing Detail
180.7 million PP at 12 sen listed 14 May 2024 and immediately sold at 13 sen for 1/12 =8.33% gain
2024-05-14 16:09 | Report Abuse
Most likely capA will report a lose making Q1 2024 due to USD strengthen against Myr, Baht, Rp and Peso
2024-05-14 12:48 | Report Abuse
BANGKOK, 14 May 2024 - Asia Aviation PLC (AAV), the sole shareholder of Thai Airasia Co. Ltd. (TAA), has announced its operational results for the first quarter of 2024, reporting revenues from sales and services of 13,793.7 THB, an increase of 52 percent year-on-year, and continued positive earnings before interest, taxes, depreciation and amortisation (EBITDA) of 3,094.2 THB, up 78 percent from the same period last year.
While the Company booked a net loss of (409.1) THB due to the depreciation of the Thai Baht that led to a foreign exchange loss of (2,049.4) THB, cashflow was not impacted and had remained positive. Excluding the foreign exchange loss, AAV achieved a core profit of (1,640.3) THB in the first quarter, turning around a loss of (203.2) THB during the same period last year.
In 1Q2024, TAA transported 5.5 million passengers, up 19 percent year-on-year, by operating 50 of its fleet of 56 aircraft. New routes introduced in the quarter included Hat Yai-Singapore and Don Mueang-Kaohsiung. Seat capacity recovered during the period to 90 percent while passengers carried recovered to 93 percent of the total seen before the COVID-19 pandemic.
2024-05-14 10:43 | Report Abuse
Know how much Insas net cash per share?
By the way Insas pay 2.5 sen dividend per year.
2024-05-14 07:44 | Report Abuse
Remember what happen to Serbadk when Serbadk announce big contruction job win in Dubai.
2024-05-14 07:39 | Report Abuse
When come to contruction work no companies can match the speed, cost, agility and advance tech from China contruction companies.
China contruction companies will eat sendai for breakfast, lunch and dinner.
2024-05-13 17:27 | Report Abuse
Blame it on modern technology with a click of button you can buy or sell any shares from anywhere as long as you can access to the internet.
2024-05-13 17:22 | Report Abuse
Must start planning now how to migrate to Sarawak.
2024-05-13 13:56 | Report Abuse
A rising tide lifts all boats. Hopefully Insas will break RM 1.20 again soon.
2024-05-13 13:10 | Report Abuse
I already build a portfolio worth a few millions meanwhile someone is licking his wounds in his how many digits book loss on JAKS.
2024-05-13 13:04 | Report Abuse
Someone still forever live in the past while I already move on.
2024-05-13 13:02 | Report Abuse
When will KYY learnt his lesson not to pump and dump?
2024-05-13 12:54 | Report Abuse
MMC taken ptivate because URUSHARTA JAMAAH SDN BHD keep selling MMC at cheaper and cheaper price until major shareholder Syed Mokhtar get angry and offer SCR to take it ptivate
2024-05-13 12:34 | Report Abuse
Insas already owned PRAC why invest in Ninja Van?
PRAC Transport Sdn. Bhd. Provision of transportation Malaysia services, delivery of goods and courier services
PRAC BlueBox Sdn. Bhd. – Provision of transportation Malaysia services, courier services and leasing of trucks
2024-05-13 12:15 | Report Abuse
I am more interest on when and how BOD going to deploy the billion cash hoard and not on their remuneration.
2024-05-13 12:03 | Report Abuse
Insas isn't performing that is why I already sold most of my Insas
2024-05-13 11:58 | Report Abuse
My Tp for Insas, Jayatiasa and OSK is RM 1.50. So far OSK already RM1.60
2024-05-13 11:44 | Report Abuse
Sold some of my OSK and top up more Jayatiasa. Still hold on my Insas, MSC, Teoseng, Petronm which I think should report good quarter result.
2024-05-13 10:33 | Report Abuse
Pls fasten ur seatbelt.
Turbulence ahead.
2024-05-13 10:28 | Report Abuse
Urea futures fell to around $290 per tonne, reaching an over 3-year low, as lower natural gas and ammonia prices continued to offer fertilizer producers cost-effective feedstock. Abundant global natural gas supply, spurred by a mild winter, enabled manufacturers to ramp up production, aiding farmers in replenishing their reserves. Additionally, subdued demand for ammonia lowered expenses for fertilizer producers. At the same time, India, one of the world's largest consumers, plans to stop importing urea by the end of 2025, citing concerns about soil fertility and human health. The country's imports already decreased by 21% in 2023.
https://tradingeconomics.com/commodity/urea
2024-05-13 09:55 | Report Abuse
Q2 end 31/12/2023
RM'000
(Loss)/Gain on fair value changes of financial assetsat fair value through profit or loss (1,081)
Hopefully Q3 end 31/03/2024 will have some gain.
2024-05-13 09:43 | Report Abuse
Yes.
The value is mark to market every quarter.
2024-05-13 07:51 | Report Abuse
investments in listed equities
Singapore equilvalent RM 102,361,000
HK equilvalent RM 37,315,000
US equilvalent RM 23,175,000
Australia equilvalent RM 10,469,000
2024-05-13 07:47 | Report Abuse
Insas foreign investment as at 31/06/2023
US Singapore Sterling Australian Hong Kong Other Dollar Dollar Euro Pound Dollar Dollar currencies Total
RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000
Financial assets at fair value through profit or loss
23,175: 102,361: 151: 769: 10,469: 37,315: 7,520: 181,760
2024-05-13 07:42 | Report Abuse
As of 30 June 2019, the Group’s investments in listed equities are primarily in the properties and REITS, consumer products and financial services sectors in both local and overseas stock exchanges, and the
key equity investments include, amongst others, IGB REIT, Ho Hup Construction Company Berhad, Omesti Berhad, SYF Resources Berhad and Oversea-Chinese Banking Corporation Limited.
2024-05-12 19:30 | Report Abuse
TheContrarian,
Tomorrow should I buy some Sg Bagan and Kucai?
2024-05-12 19:06 | Report Abuse
Repost:
When you tender and received contract to build FSPO for client long term lease you then borrow money (many billions) to build the FSPO. The borrowing is recorded as liabiliaties.
On the assets side during FSPO contruction period the asset is recorded as contract asset and when FPSO delivered to client and on production state it is recorded as finance lease receivables.
Building a new FPSO costs approximately US$ 2.5 Bn to US$ 3 Bn. However, the cost of conversion of an oil tanker is approximately between US$ 1.5 Bn and US$ 2 Bn
Stock: [CAPITALA]: CAPITAL A BERHAD
2024-05-16 12:25 | Report Abuse
This is an open forum and I just try to speak the truth.
And many people in this forum can't take the truth because the truth hurt.