https://youtu.be/RLNsSzcXuts?si=LzakJwo7oMRPGMBD

I was in UK for almost a year as trainee in this TiO2 plants. And the F word is a very common word used by the operators and supervisors in their daily conversation.

But in Malaysia the F word is very rarely used hence I was surprised why the need to use the F word in i3 forum? Are we trying to be Bristish?

Anyone know what is bellwether index?
And where did icapital get the information 19.88% plunge in the bellwether index?
Or the stock market plunges nearly 20%?

For the 30% jaks holding in JHDP COD in 2020 what jaks get back so far is mere dividend of RM 97.386 million, that will equal to how many years payback?

Meanwhile the bank that finance the total amount of 75% project cost will get their increase interest and principal payback in 10 years.

Mike-tikus even trying to use his other ID to promote capA. He not even know/ understand capA need to consolidate CAPI book into capA book if capA keep CAPI as subsidiary company of capA.

OleOleOle New out of PN17 option without selling AA Aviation business to AAX:

Action 1:
Assume excess valuation for each plane of US$3.8mil. Or may be higher! LOL
Total 219 air planes yield excess value gain of RM3,821mil (1US$ to RM4.5915)

Action 2:
Don't give free CAPI shares to CapA investors, but instead use it to double the goodwill from US listing.
Goodwill RM2.36 bil to RM4.72 bil.

Action 3:
Make agressive profit target for 2024: RM2 bil net profit after tax. LOL

Action 4:
Stop buying new planes for one year. LOL


To get out of PN17:
Total Equity Deficit = - 10,469.5 mil (RM)
Valuation gain = 3,821.0 mil (RM)
US Listing Goodwill = 4,720.0 mil (RM) [Note: No free CAPI share to CapA investors.]
2024 Profit target = 2,000.0 mil (RM)
--------------------------------------------------------------
Net Cap-A Equity = 71.5 mil (RM)
== 1.7c NAPS
15/03/2024 1:31 AM


Sslee Almost all AA planes are lease planes from lessors.
The amount owed to lessors had snowball into
Current lease liabiliaties as at:
31/12/2023: 31/12/2022
RM'000: RM'000
5,259,638: 4,440,844

So do you think CapA can make enough cash flow to pay the current lease liabilities of RM 5,259,638,000 in 2024?

By the way if capA do not pay lessors the lease rentals then lessors have the right to take back the lease planes.

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.
15/03/2024 8:22 AM

Dumbass mike-tikus die die also must promote jaks. He lose naked untill gone mad and now trying to imply jaks is ytlpower.…🤣🤣🤣

Looking at the bigger picture of SCIB.
New management and how many schools need to rebuild in Sarawak.
As long as SCIB concentrate on doing contruction project in Sarawak it will do fine.

By the way why I need to promote SCIB when my holding as soooo small or somone will say just for case study?

Then again even case study this dumbass Mike-tikus is promoting Jaks day and night 24/7/365 for many donkey months non stop.

Do I need to response to some one no even know what is Omesti-PB?
What is this dumb dumb dumbass talking about Insas No Corporate Structure???

Tell me what is jaks Corporate Structure and this dumbass need to promote jaks day and night 24/7/365 for many donkey months and recent Jaks price:
Date Open Range Close Change Volume
15/03/2024 0.155 0.15 - 0.155 0.155 0.00 (0.00%) 1,375,200
14/03/2024 0.15 0.15 - 0.155 0.155 0.00 (0.00%) 3,335,300
13/03/2024 0.155 0.145 - 0.155 0.155 0.00 (0.00%) 9,802,700
12/03/2024 0.15 0.15 - 0.155 0.155 +0.005 (3.33%) 10,355,600
11/03/2024 0.155 0.145 - 0.155 0.15 -0.005 (3.23%) 13,321,900
08/03/2024 0.155 0.15 - 0.16 0.155 +0.01 (6.90%) 21,262,800
07/03/2024 0.15 0.145 - 0.15 0.145 -0.005 (3.33%)

Market Cap: 367 Million
NOSH: 2,370 Million
Avg Volume (4 weeks): 10,196,605
4 Weeks Range: 0.145 - 0.195
4 Weeks Price Volatility (%): 20.00%
52 Weeks Range: 0.145 - 0.245
52 Weeks Price Volatility (%): 10.00%

I will start to accumulate Insas again if Insas fall below 90 sen.
By the end of 2026 I will have million Insas and waiting for another RPS with free warrants.

By 2027 I will sell the RPS and WD to buy Insas and year 2027 annual report I shall return to the top 30 shareholders list.

YES has been lose making for many years and is still lose making.
Power is on the decline after the expiration of lucrative monopoly power purchase agreement given by Tun M.

Ytlpower is very lucky to purchase a bankrupt power plant in Singapore for a song and luck is on ytlpower that many MNC build Data Centre in Singapore than consume a lot of power and created a power shortage that push up the retail price of power in Singapore.

But given the efficient of Singapore government the power shortage will not last long.

Leno is collecting more insas-WC to become a billionaire.

INSAS RM 60 RINGGIT is KAMBENGGGGGGGG AAAAAAAAAAAAAAA !!

😘😘

My take on jaks.
Imagine you put in 25% money and take 75% 25 years loan to purchase a shoplot for rental income. Your monthly rental income is more than your monthly installment payment to bank.

But unfortunately due to unforseen event (coal power plant become a pariah word to banker) suddenly bank increase the interest rate and cut short the repayment term from 25 years to 10 years.

You are now facing cash flow problem hence what should you do?

Included in the Group’s borrowings as of 31 December 2023 are bank borrowings denominated in
foreign currencies as follows:
Equivalents in Value in foreign value of Malaysian
currency currency
31.12.2023 31.12.2023
‘000 RM‘000
United Arab Emirates Dirham 293,674 367,416
Qatari Riyal 40,086 50,548
Indian Rupees 1,433,101 79,107
Singapore Dollar 2,651 9,230
United States Dollar 115,000 528,493

BURSA MALAYSIA
Market Data Overview
As at 15 Mar 2024 05:11 PM
Prices are delayed by 15 minutes

Derivatives
Night & Day Session
Night Session
NO NAME MONTH LAST DONE CHANGE VOL (`00) OI
1 FCPO May 2024 4,293.0000 -2.0000 29,317 102,087
2 FCPO Jun 2024 4,228.0000 -2.0000 16,033 77,406
4 FCPO Jul 2024 4,132.0000 +1.0000 9,500 56,413
5 FCPO Aug 2024 4,037.0000 -1.0000 4,282 28,495
6 FCPO Sep 2024 3,967.0000 -4.0000 3,691 27,996
7 FCPO Apr 2024 4,343.0000 +6.0000 2,273 18,848

If drop below RM1.40 then many will come and thanks StartOfTheBear for giving early warning to cut lose at RM 1.40

Why worries, even cash rich insas when insas RPS and WC expired in 2026, Thong will also do another RPS with WD to replace the expired Insas-PB and Insas-WC.

StartOfTheBull is trying to say CapA will shoot past RM 1.00 if crude oil surge past USD 100/bbl.

Stony and Kama is still super rich only capA is poor.

So please OleOleOle stop your misinformation.

Almost all AA planes are lease planes from lessors.
The amount owed to lessors had snowball into
Current lease liabiliaties as at:
31/12/2023: 31/12/2022
RM'000: RM'000
5,259,638: 4,440,844

So do you think CapA can make enough cash flow to pay the current lease liabilities of RM 5,259,638,000 in 2024?

By the way if capA do not pay lessors tge lease rentals then lessors have the right to take back the lease planes.


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.

I already start selling my insas free tickets. Thank you for the reminder.

Posted by arv18 > Mar 14, 2024 9:44 PM | Report Abuse
happy trading - just dun get stuck in value trap counters like insas! ;)

https://theedgemalaysia.com/article/special-report-hidden-hands-behind-penny-stock-surge

It is also telling that nine of the 21 companies mentioned — AT Systemization Bhd, MLabs Systems Bhd, Focus Dynamics Group Bhd, mTouche Technology Bhd, Fintec Global Bhd, XOX Bhd, M3Technologies (Asia) Bhd and NetX Holdings Bhd — have their principal place of business, head office, business office or corporate office in Menara Lien Hoe, near Tropicana Golf Country Resort in Petaling Jaya.

World Insights: Why multinational companies are quitting India
Source: XinhuaEditor: huaxia2024-01-10 18:08:15

HONG KONG, Jan. 10 (Xinhua) -- A long list of multinational companies has failed in India. Notable cases include General Motors from the United States, Vodafone Group from Britain, Holcim Group from Switzerland, and BYD from China.

It seems only fair for global giants to invest in India which boasts a large and steadily growing domestic market, an ample supply of inexpensive labor, a large group of English-speaking population, decent economic growth and a favorable geopolitical situation.

However, the list of obstacles they face in India is equally long: "regulatory flip-flops, high tariff barriers, red tape, perplexing land policies, infrastructure issues and others tied to the ease of doing business," according to the Indian daily newspaper Deccan Herald.

To make things worse, the Indian authorities do not hesitate to show their ability to subject foreign companies to unfair treatment and even persecution. The third-largest economy in Asia is seeing many foreign firms giving up on the country.

THE INDIAN PARADOX

For foreign companies which expect a predictable, stable, and transparent policy framework and judicial system, the Indian authorities posed extra challenges over operational risks and market competition.

"While the government is making plans to simplify regulatory processes in India, the constant changes give rise to uncertainties," said Neeraj Agarwala, a director at consulting firm Nangia Andersen.

Worse still, there are 26,134 imprisonment clauses in India's business laws, according to an Observer Research Foundation report on the risks of corporations doing business in India.

It has become commonplace for foreign companies in India to face hefty fines for an already long and still-growing list of violations that often ignite controversy in the business community.

"The legislation, rules and regulations enacted by the union and state governments have over time created barriers to the smooth flow of ideas, organization, money, entrepreneurship and through them the creation of jobs, wealth and GDP," said Gautam Chikermane, vice president of Observer Research Foundation.

According to PwC India's former leader on infrastructure Manish Agarwal, although foreign direct investment is still coming to India, strategic investors have stayed away.

"India needs to ensure proper project preparation timelines for public-private projects, provide balanced risk-sharing guidelines, and contracts should be enforced properly," Agarwal said.

RISK OF BLACKMAIL

Recent years have seen the Indian government double down on blackmailing foreign companies with trumped-up charges. Google, Amazon, Nokia, and Samsung have all suffered outrageous fines, while Intel, Wistron and others have also hit snags in the Indian market.

"You can earn money here; you can spend money here, but you can never take what you have earned here back home," some investors in the country have lamented.

Did anyone know any Malaysia companies able to make money from India?

Limited recourse debt is debt, such as a loan, that gives the creditor the legal right to certain, but not all, of the borrower's assets if the borrower defaults.

Full recourse debt allows creditors to claim any and all of the borrower's assets to fully cover the unpaid portion of a loan.

Non-recourse debt means the creditor can claim only the collateral put up for the loan and nothing else.

MCA is now the old DAP
DAP is now the old MCA
MCA secretary-general Saw Yee Fung is 100X better than UMNO Youth chief Dr Akmal and DAP Rajiv.

AS the Malaysian courts at every level have already ruled that vernacular schools are constitutional, the issue should be laid to rest, said MCA Youth.

As such, its secretary-general Saw Yee Fung said that any individuals seeking to provoke a debate on the matter can be deemed as mounting a challenge against the Federal Constitution and the Federal Court’s judgement.

Citing the recent heated exchange between UMNO Youth chief Dr Akmal Saleh and former Penang deputy chief minister Dr P. Ramasamy over the issue, Saw said Akmal’s remarks calling for the abolition of multi-stream education and demanding the implementation of single-stream education highlights his “narrow-mindedness and ignorance”.

“If Rajiv debates with him, the former can be construed as acknowledging that the subject of vernacular schools is debatable,” she said.

“All these actions would only enable more opportunities for those with slanted and extremist intentions to further sensationalise the issue.”

Saw was referring to Bukit Gasing assemblyperson Rajiv Rishyakaran’s offer on Monday (March 11) for him and Akmal to have a chat about the topic.

“This matter has been on-going for some time now, and so far, the main leaders from DAP have yet to express their stance on Akmal’s call that vernacular schools be abolished,” Saw remarked.

“With Rajiv leaping at the opportunity for an open discussion with Akmal irrespective of the court’s decision, does DAP agree with Rajiv’s moves? The Rocket needs to declare their position as to whether it supports multi-stream or single-stream education.”

Saw said as the courts have ruled that the existence of vernacular schools conforms with the Federal Constitution, as young adult political leaders Akmal and Rajiv should be “imbued with the maturity” to clearly be aware that education is not a topic that can be toyed with or warped into a political drama.

“Instead of spending time creating issues that would affect national unity, with their party positions in their respective State Legislative Assemblies, Akmal and Rajiv ought to pay more attention to the issue of youth unemployment / underemployment,” she opined.

“They could also monitor the government to uncover solutions to problems such as the inability of young adults to sustain their income, the incremental cost of living rather than wasting time debating facts

Last time Serbadk also submitted false report to Bursa and The Edge also reporting the false news.

According to the CEO of Managing Director of SERBADK, Datuk Mohd Karim Abdulah, the company can continue to win the bid despite the economic uncertainty caused by the Covid -19 influenza pandemic. SERBADK has been awarded a US$350 million contract of approximately RM1.47 billion to build a data center and related facilities in Abu Dhabi. Its subsidiary, Serba Dinamik International Ltd, has received and accepted a letter of award from future digital data system ltd.

https://theedgemalaysia.com/node/703296

Another round of court approvals for capital reduction and then relist it, and then we hope to raise US$300 million or US$400 million of equity for AAX


So, is there light at the end of the tunnel?

We have been in PN17 for the best part of three years, I think. So, Step 1 was to get AirAsia X out of PN17. Step 2 now is to get Bursa Malaysia to allow us to sell aviation to AAX, which I believe will be very imminent. We have put in the application, and I think in one to two weeks, we should get that approved. Because it is critical for capital raising; that’s the reason we are giving Bursa Malaysia, that we really need to raise capital and we can’t do it under a PN17 company. Bursa Malaysia hasn’t done this, but they are going through that motion. So, we are going to swiftly sell. I think the S&P (sale and purchase agreement) between AAX and Capital A is almost done. So, I’m hoping we will get permission from Bursa Malaysia in March, and we’ll sell the airline. So, we will end up with two groups — Capital A and AirAsia Group. After we sign the S&P, we have to get shareholders’ approval, which will take a couple of months, and then court approvals for capital reduction and then relist it, and then we hope to raise US$300 million or US$400 million of equity.

https://theedgemalaysia.com/node/703296

I believe a company in distress should be ascertained not on balance sheet historical numbers, or accounting, but on cash flow. Is this company liquid? Is it making money? Does it have a future?

Haha good one from Stony on PN17 defination.
So did capA generating any positive cash flow to pare down debts and current liabialities?
Who are you try to kid Stony?


Covid-19 had totally destroyed capA balance sheet. The only way to rebuilt/reset the balance sheet is debts restucture where everyone need to take a haircut. But for reason only knew to Stony only AAX go thro' a debts restructure but not capA.

With net current liabiliaties of RM (12,507,207,000) where can capA going to get the money to fulfill the obligation to pay the current liabilities for next 12 months.

31/12/2023: 31/12/2022
RM'000: RM'000
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)

So should I stop response to dumbass?

Repost:
Sometime you talk too much to dumb people you yourself also become dumb.
This dumb dumb dumbass Mike-tikus is best to avoid and let him do whatever he wants in jaks forum.

Dumbass was and is still promoting jaks non-stop day and night 24/7/365 with repeated cut and paste old news

Today jaks at 0.155 and another PP.

Dumb dumb dumbass Nuke-tikus can you understand a simple written english?
Mind telling us who is the one 👄… So fast Twisting n Diverting ke … Lying 🤥…

Repost:
Mar 12, 2024 11:17 AM | Report Abuse
By the way in Annual report it is stated clearly:
OTHER OPERATING EXPENSES
Included in other operating expenses are, amongst other items, the followings:-

You can also check staffs cost (included commission pay to remisier) under staff costs: So when M&A securities brokerage do well staff costs will also increase.


Stock: [INSAS]: INSAS BHD
Mar 12, 2024 10:45 AM | Report Abuse

So no worries I will advise Insas BOD to restate:

Included (but not limited) in Other operating expenses are the following items:-


Stock: [INSAS]: INSAS BHD
Mar 12, 2024 10:41 AM | Report Abuse

Note: 4 add up did not match the Other operating expenses because Insas / M&A securities assume everyone should know commision pay to remisier is based on trading volume by remisier' clients which generate brokerage fees to M&A securities and cannot be classified as staff salary/ staff cost and hence charged out as other operating expenses.

So the lesson learnt do not assume because there are so many dumbass out there

Dumb dumb dumbass Mike- tikus go and read quarterly result of M&A and tell me what is other operating expense in Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income For the Quarter Ended 31 December 2023

Very suprised why Stony so quiet and did not protest the increase?

KUALA LUMPUR (March 12): Batik Airline is hoping for a better standard of service for use of the facilities at Kuala Lumpur International Airport (KLIA), following the decision by the Malaysian Aviation Commission (Mavcom) to standardise the passenger service charges for all international flights out of KLIA or klia2 and other airports at RM73 by June 1 — which will effectively raise the rates for Asean-bound flights from RM35 to RM73.

Dumb dumb dumbass Mike-tikus did not know / understand jaks cash flow is negative hence will need yearly PP or RI for working capital till year 2030.

Winning and losing is part and pacel of a game of Thrones in Bursa. But remember to be courteous and if you inccurred the ire of EnginneringProfit you will be doomed.

All in i3 should know by now never messed up with EngineeringProfit.

Dumb Dumb Dumbass Mike-Tikus trapped inside jaks and die die also must selling his story for many months that insiders will push up jaks share price above 34 sen before Dec 2023 so that WB will be expired in the money and Jaks will collect a lot of money from WB conversion.

So what happen jaks is now 15.5 sen and another PP.

He is so dumb to sell the same story on WC Ex price RM 0.49 … expired on 2025….
Free tips for this dumb dumb dumbass come 2025 another PP at even lower price.

Repost:
Dumb Dumb Dumbass Mike-tikus did not know/ understand jaks has cash flow problem?
Jaks PPE: LSS4 lose making
Property investments: Evolve mall and Star Pacific lose making
Investment in JV: Paper profit with very little dividend untill no financial institutions want to lend any money to jaks to take up addition 10% JHDP option

Repost
Don't buy those companies never pay dividend, has cash flow problem and every year cash call PP or RI for working capital like jaks.

Yes. It almost like bond. But remember serbadk bond also default because company go bankrupt receivership.

If Omesti still survive then on Omesti-PB maturity date Omesti will redeem back the Omesti-PB at RM 1.00

Omesti-PB holders will get RM 1.00 from Omesti.

Dumb Dumb Dumbass Mike-tikus know what is Omesti-PB?

OMESTI-PB (9008PB)
OMESTI BERHAD - REDEEMABLE PREFERENCE SHARES 2021/2026

Omesti-PB
Ann. Date
Ex Date
Type
Subject
Amount
29-Nov-2023 13-Dec-2023 DIVIDEND Others 2.5068%
31-May-2023 15-Jun-2023 DIVIDEND Others 2.4795%
30-Nov-2022 14-Dec-2022 DIVIDEND Others 2.5205%
31-May-2022 14-Jun-2022 DIVIDEND Others 2.4795%
01-Dec-2021 14-Dec-2021 DIVIDEND Others 2.5205%
31-May-2021 15-Jun-2021 DIVIDEND Others 5.0000%

Today managed to catch some Omesti-PB at 0.805 and 0.81 just before lunch break.

Dumb Dumb Dumbass Mike-tikus did not know/ understand jaks has cash flow problem?
Jaks PPE: LSS4 lose making
Property investments: Evolve mall and Star Pacific lose making
Investment in JV: Paper profit with very little dividend untill no financial institutions want to lend any money to jaks to take up addition 10% JHDP option

Repost
Don't buy those companies never pay dividend, has cash flow problem and every year cash call PP or RI for working capital like jaks.

Mike-tikus is called Dumb Dumb Dumbass for a reason, he did not even know / understand that some stocks are for investment purpose and some stocks are for trading purpose to get free beer bintang and lobster.

Buy those companies that generate real free cash flow, give dividend and solid NTA backing like Insas, OSK and Jayatiasa.

Don't buy those companies never pay dividend, has cash flow problem and every year cash call PP or RI for working capital like jaks.

Posted by TheContrarian > Mar 12, 2024 12:17 PM | Report Abuse
What bank does Insas own

Who know maybe Insas aiming for EON bank

Posted by TheContrarian > Mar 12, 2024 12:20 PM | Report Abuse

@MrSslee, risk of default of Omesti-PB?

No worries M&A securities will arrange another Omesti-PC to pay the bridging loans used to redeem Omesti-PB

OMESTI BERHAD - REDEEMABLE PREFERENCE SHARES 2021/2026
Pay 5% interest per year and redeem at RM 1.00 at maturation date.