I am just suprise someone make so many comments at i3 but when come to EGM voting he just keep silent.

Maybe silent is gold.

Nothing is free in this world as of afterworld no one come back to tell is every thing is free in the afterworld.

There are many political kids in Malaysia and also kids commentators in i3forum.

By the way tax payers money is haram because government also collected tax from alcohol and gambling.

So why denial Jakim from earning his own halal incomes?

If western consumers can insist must have Kosher certification then the least Malaysia can contribute is to insist who ever want to sell their products (non pig and alcohol) to Malaysia must have Jakim Halal certification.

Let it be so that Jakim can earned it own upkeep (yearly billion in annual Halal certification fees) rather than dependant on government billion allocation (tax payers money) in annual budget.

And also must insist oversea business that sell products to Malaysia mandatory to have Halal certificate from Jakim.

What I am trying to say is up to each individual investors to make their own decision.

Because if you make decision for them when they make money they also never say thank you but if your action cause them to lose money they will curse you. That the reality and fact

I make money from Bplant as I bought Bplant when Bplant sold the plantation land in Johor to ytlpower and gave good dividend.

I sold all my bplant before the VGO as from Bplant monthly report of FFB havested the quaryerly report will be ugly.

As of HRC, I lose some money and make official complain bitterly to SC and HRC management

Repost:
Posted by Sslee > Jun 21, 2024 12:25 PM | Report Abuse X

DickyMe SSLee's favourite counter, licking the bottom.
20/06/2024 11:42 PM

I already give up on HRC with below last email to HRC

https://klse.i3investor.com/blogs/Sslee_blog/2024-06-21-story-h-158835...

Look like Sam has many more rooms to drop.
And by the way someone push up Sam price on 30 Aug 2024 so that icap quarter end 31 Aug 2024 will still look good.

Date Open Range Close Change Volume
06/09/2024 4.33 4.16 - 4.33 4.19 -0.14 (3.23%) 456,900
05/09/2024 4.52 4.32 - 4.58 4.33 -0.12 (2.70%) 1,121,700
04/09/2024 4.62 4.29 - 4.67 4.45 -0.23 (4.91%) 3,528,900
03/09/2024 4.61 4.57 - 4.72 4.68 +0.08 (1.74%) 2,263,300
02/09/2024 4.95 4.48 - 4.95 4.60 -0.75 (14.02%) 6,995,900
30/08/2024 5.07 5.07 - 5.43 5.35 +0.28 (5.52%) 1,276,700
29/08/2024 5.10 4.94 - 5.11 5.07 -0.08 (1.55%) 1,829,100

If SCR failed because of John voted against it and come monday MPHCAP limit down.

Then this forum will be full of swearing and cursing. That the reality and fact.

How much cost will its added to pasar malam traders selling foods.
Not forgetting he need to get his supply with halal certificate wholesellers/kampong sellers.

What will happen to supply chain with all added cost add up.

fair and reasonable.
Is Mr.Market very fair and reasonable to many listed companies that trade far below their NTA.

Know what is the share price of Insas, its NTA, liquid assets and cash holding?

If you want fairness then keep your money in bank.

Imagine if the SCR failed what will happen in coming monday?

As at 30/6/2024
RM'000
Non current assets 26,053,575
Current assets 2,319,481
Non current liabilities 23,819,165
Current liabilities 15,798,326
Net current liabilities (13,478,846)
Total equity (11,244,436)
NTA RM (2.12)
Note:
Current lease liabilities 5,510,697
Current trade and other payables 4,725,450

Is capA with above financial balance sheet a tecnically insolvent/bankrupt company?
How on earth can capA not default on net current liabilities of RM 13,478,846,000 in the next 12 months?

This is the word of auditor.
We have assessed the reasonableness of the cash flow projection provided by the management (Note 2.1). The going concern of the Group is dependent on the following:
1. Successful implementation of a Revenue Bond program; and
2. Continuous support from Group's lessors5

By the way this time round I will make makeself a AAX shareholder so that I can ask the tough/difficult questions during AAX EGM.

If a PN17 company with loss making aviation business transfer all the aviation' assets and liabilities to a new company and that new company failed to inject in new capital to recapitalise the equity, will that company become a PN17 company?

AIRASIA X BERHAD (“AAX” OR THE “COMPANY”)
(I) PROPOSED INTERNAL REORGANISATION;
(II) PROPOSED ISSUANCE OF FREE WARRANTS;
(III) PROPOSED PRIVATE PLACEMENT;
(IV) PROPOSED AAAGL ACQUISITION;
(V) PROPOSED AAB ACQUISITION; AND
(VI) PROPOSED SHARE CAPITAL REDUCTION

The Proposed Private Placement is intended to raise gross proceeds of RM1,000.00 million. The quantum of gross proceeds has been determined upfront while the issue price has not been determined at this juncture in order to provide flexibility to the NewCo Board in respect of the pricing of the Placement Shares.

If you allowed sekolah pondok that only teach the religion then you need to create a whole religion department to provide employment for the graduates.

And when the number grow bigger you need to create a post for them in every government department.

Then if the number grow even bigger they will take over the government

CapA last Fund raising RI is not to recapitalise it equity but to reward the shareholders with pofit-sharing/interest paying capitalA-LA with free warrants capitalA-WA.

So do you think AAX able to raise equity funding of RM 1 billion with PP to third party?

You need to look into the regional competitors and ask the question do capA have cash to burn before the business can turn into a profit?

Can the EBITDA enough to pay for finance cost and repayment of borrowing?

Repost:
ADE
● Segmental revenue reached RM173.9 million with an EBITDA of RM38.9 million.

Santan
● Segmental revenue of RM48.8 million up by 88% YoY, with EBITDA
of RM4.1 million

Teleport
● Segmental revenue of RM225 million up 35% YoY, with EBITDA of RM2.5 million

AirAsia MOVE
● AirAsia MOVE generated revenue of RM128 million and EBITDA of RM19 million

BigPay
● Revenue reaching RM9.8 million and an EBITDA loss narrowing 25% to RM18.8 million

Balian de Ibelin BigPay was a total disappointment.
BigPay alone could be valued at up to RM60 Billion if executed properly.
Stony is a good entrepreneur but just another useless failed manager. 🤣

Many execution issues in BigPay. I have cut my BigPay card, and uninstalled the App, I believe many also did the same

More like Ah Thong fan.

Already top up more at RM 1.03 and can expect jtiasa to pay dividend twice a year.

Someone trapped high at Insas and need to vent his frustration at insas forum.

But suprise the happy cat is here even trapped inside insas for many many years.

Me collecting somemore jtiasa at RM 1.03.
Will collect back Insas if drop to 91sen, one sen higher than TheContrarian 90 sen.

Repost:
Posted by Sslee > Jun 21, 2024 12:25 PM | Report Abuse X

DickyMe SSLee's favourite counter, licking the bottom.
20/06/2024 11:42 PM

I already give up on HRC with below last email to HRC

https://klse.i3investor.com/blogs/Sslee_blog/2024-06-21-story-h-158835...

One day HRC will close shop if continue with loss making.

Hexza NTA is from holding of US stocks. The EPS from operating business is not high.
The ability to pay dividend come from realised gain from US stocks trading.

One look at the stocks holding list you already know the author picked stocks based of price and not the value.

You need to read and understand the financial report and then the business. Only buy stocks that is financially strong and able to grow.

Ah Thong can't take Insas private the best he can hope for is how to increase his and his PAC holding from 32.96% to above 50% at the lowest cost to him.

Once he is able to do that then he will distribute insas cash hoarding to shareholders because by then he need the money to repay borrowing taken to increase his holding from 32.96% to above 50%

Jayatiasa at current price with incoming 3.5 sen dividend should be a good buy.
If CPO price can maintan above RM 3,900 then second half earning (with peak FFB production) will be very good and share price should move north.

黄金 10 年
Most likely will be wasted 10 years.

2018至今 -31.67%

Inari is organic growth company with increase revenue
By keeping so much cash inari should be able to do M&A if opportunities arrived to growth the company further.

leno had you sold your WC?
Or are you still waiting for WC 1 week after expire and will become Insas share automatically?


Posted by leno > 2024-02-26 09:16 | Report Abuse
Insas 1.18
WC 0.38

1 week after expire
WC 0.38 will become mother 1.18 automatically
= 210.5 % profit in 2 years !!

INSAS RM 60 RINGGIT is KAMBENGGGGGGGG AAAAAAAAAAAAAAA !!

What do you think after accumulated so much wealth into insas will Thong jai just satisfied with his and his PAC 32.96% holding?

Those who keep saying cash disappearing is without any basic.
Just look into the last 10 years balance sheet how much wealth/cash were accumulated into the net worth.

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 CAGR
Net Worth 2,433,378 2,340,464 2,194,599 1,982,432 1,750,354 1,737,078 1,650,887 1,551,436 1,352,726 1,267,337 7.51%

If you able to borrow a billion and make a offer of RM 1.20 for Insas and 30sen for Insas-WB what will happen?
And what will you get?

It is shareholders' money. It just happen that Thong jai is controlling shareholder so he was given the honor in counting the money and we can only watch.

The last time stockraider almost get his finger burnt betting on WB as he expect Ah Thong to make his move.

Alas become of onset of covid-19 Ah Thong just let the WB expired out of money and insas make another RI RPS with WC free warrants.

Many people watch with horror their lorry load of WB burn to ashes and only newbie TheContrarian khow how to make money from warrants and Insas share.

Will history repeat again?
My bet is no. This time round Insas do not have anymore excuse of needed cash reserve for wholly owned M&A broking business as M&A already listed and can raise their own cash requirement independant from Insas.

Bursa SC is not a baby sitter but it has power to set corporate governance and empower shareholders to play a shareholder activism role and hold BOD accountable, responsible and answersble during AGM Q&A and after AGM follow up clarification.

You need to attend the AGM to exercise your shareholders rights.

A PP or RI need a prospectus prepared by IBs and management.
You can write in to the company management/IR and Bursa SC to make a complaint and objection to such blantant misused of PP or RI.

Nowadays Bursa SC had improved a lot after my many complaints.

One of them is AGM minutes (30 days after the AGM) and IBs briefing presentation material published at company website.

With so much cash hoarding I would not think Bursa SC will allowed another cash call RPS with free warrants.

Once Ah Thong bocome a major and controlling shareholder then he will start to distribute Insas cash back to shareholders.

Time is running out and Ah Thong has untill Insas-WC expired date to increase his and his PAC holding from 32.96% to 33% threshold and trigger a conditional MGO.

With his and his PAC holding in WC, they can convert their WC to Insas and still managed to make their Conditional MGO unconditional even all the other shareholders reject the MGO offer.

We Malaysians will be caught between a rock and a hard place forever.
So I do not mind my children migrate to other country.

My second son is now a Singaporean

LHI and Jayatiasa next quarter earning should be better.

BigPay
● Revenue reaching RM9.8 million and an EBITDA loss narrowing 25% to RM18.8 million

Balian de Ibelin BigPay was a total disappointment.
BigPay alone could be valued at up to RM60 Billion if executed properly.
Stony is a good entrepreneur but just another useless failed manager. 🤣

Many execution issues in BigPay. I have cut my BigPay card, and uninstalled the App, I believe many also did the same

ADE
● Segmental revenue reached RM173.9 million with an EBITDA of RM38.9 million.

Santan
● Segmental revenue of RM48.8 million up by 88% YoY, with EBITDA
of RM4.1 million

Teleport
Segmental revenue of RM225 million up 35% YoY, with EBITDA of RM2.5 million

AirAsia MOVE
● AirAsia MOVE generated revenue of RM128 million and EBITDA of RM19 million

BigPay
● Revenue reaching RM9.8 million and an EBITDA loss narrowing 25% to RM18.8 million

Capital A International
Revenue stood at RM54 million, declined slightly by 8% QoQ in line with the Aviation Group’s revenue trend. However, grew by more than 10x YoY.
● Posted EBITDA of RM24 million, a turnaround from RM20 million in EBITDA loss in previous year.

Is Warren Buffett recent selling of his winners a panic selling or taking profit in preparation for or timing the market/stock crash?

Many countries and companies committed to net zero by 2050 in the hope that science will come to the rescue that by that time all the energy priduce will be of green energy and no more depend of fosil fuels.