TTB talk the talk and please walk the walk.
When will icapital announce the promised dividend?

ICap's dividend policy will not only be subject to market and economic conditions, but also its value investing investment philosophy, it said. “It will be formulated as such – a base rate of 1% of the NAV per share, plus 8% of the difference between ICAP's share price and NAV.3 Oct 2023

Needed me to say more on TheBull and The🐀?
They even think alike and act alike, so are they do the workout from behind very often?

Do you agree TheBull and The🐀 is a perfect match made in heaven?
Wish them all the best of luck.

By the way what do you expect someone with no job, no wife, no children and still staying in parent house to spend his lonely time at 3 am on a Sunday morning?

Transporter (Star Trek)

A transporter is a fictional teleportation machine used in the Star Trek universe. Transporters allow for teleportation by converting a person or object into an energy pattern (a process called "dematerialization"), then sending ("beaming") it to a target location or else returning it to the transporter, where it is reconverted into matter ("rematerialization").

While human teleportation currently exists only in science fiction, teleportation is possible now in the subatomic world of quantum mechanics -- albeit not in the way typically depicted on TV

In the future you only need AA' teleport to teleport yourself and your luggage to any destination.

Note: FYE 2022 current leaseliabilities is RM4,340,844,000 in FYE 2023 total amount (lease) recognised in profit or loss: RM2,445,438,000. Payment of lease liabilities in cash flow: RM(2,045,816,000).

So what will happen to FY 2024 net profit. if in FY2024 total amount (lease) recognised in profit or loss and Payment of lease liabilities in cash flow is close to FYE 2023 current lease liabilities of RM5,438,692,000?

BOD, FYE 2023 current lease liabilities is RM5,438,692,000. What
were the projected FY 2024 total amount (lease) recognised in profit
or loss and amount payment of lease liabilities in cash flow from
financing activities?

Answer:
We anticipate that the total amount of lease expenses recognised in profit or loss and the payments of lease liabilities reflected in the cash flow from financing activities will be closely aligned with our strategic financial plans and operational needs.

As of 1Q24, total lease payment as per cash flow statement is RM726 million and depreciation on ROU and Finance Cost of Lease Liabilities in income statement is RM767 million for operating and non-operating aircrafts.

Know what above mean to depreciation on ROU and Finance Cost of Lease Liabilities in income statement for FY2024 and how will it effect FY2024 profit?

We have assessed the Net Current Liabilities position for the purpose of going concern, and as disclosed in Note 2.1, the going concern of the Group and the Company is dependent on the successful implementation of the Revenue Bond Program, and also the continuous support by the lessors.

Know what external auditor mean on above?

Cash flow from financing activities:
Proceeds from borrowings
Repayment on borrowings

From the above two figures is capA paring down borrowings or not?

To be a professional you need to take professional examination to qualify as professional.

Is anyone expecting a low IQ Mike-tikus start to think and not talking out of his ass?

Sixty-nine non-bumiputera students who scored 10As in SPM this year were among those who were denied entry into the matriculation programme before the government eased racial requirements.

Be resourceful and you can easily find a scholarship or study loan to do the course you want.

My second son get into NUS after a private Taylor's preU study.

Cash flow from financial activities:
Borrowing mean cash inflow from new borrowing for the year
Payment of lease liabilities mean cash outflow payment pay to lessors for the year.

Balance sheet
Sales in advance mean customers already paid you the money for services/flights capA not yet provide
Current lease liabilities mean lease payment due in the next 12 months
Non current lease liabilities mean lease payment due from 12 months and above.

My point is despite new borrowing and advance sales capA can't even pay fully the current lease payment due and need to roll over unpaid due as trade and other payable.


Answer: For the due and payable lease payments for FY2022 and prior year, the amount is recorded within trade and other payables in FY2023.

Good morning Balian de Ibelin,
I'm trying to ask questions so that people can start to think.
Did I managed to do so?

Question:External Auditor, from Sales in advance: RM2,025,298,000,Proceeds from borrowings: RM1,273,030,000 yet the Group only managed payment of lease liabilities: RM2,045,816,000 which is far off the amount of current lease liabilities reported at FYE 2022 RM4,340,844,000. What happens to the unpaid FYE 2022 current lease liabilities?

Answer: For the due and payable lease payments for FY2022 and prior year, the amount is recorded within trade and other payables in FY2023.

Did someone mention the operation cashflow is more than enough to pay all the due?

By the way I am not talking about those 10A holders but those that were not qualified to do certain toughest professional courses but get in through backdoor.

Now everyone want backdoor.
Know what, if you creat a backdoor to University entry then you need another backdoor for them to graduate and then another backdoor for employment and then another backdoor for promotion and etc.

"If you want to destroy any nation, destroy it's education"

THE matriculation programme was meant to be a backdoor to help more Malay students get into university, said Prime Minister Dr Mahathir Mohamad.

“We decided to have matriculation because we found that Malays do not have a higher certificate and they could enter universities. So, we provided a backdoor for that.

“It was entirely meant to be a backdoor (entry) for Malays but now other people do much better but they cannot get into matriculation.

The valuation percentage ratio falls within the range of 2.24%, this aligns withthe criteria outlined in Chapter 10: Transactions of the Bursa Malaysia Listing Requirements.

On second thought, I will write in below follow up question.
Please kindly show the calculation how you get the 2.24% valuation percentage ratio range?

https://www.capitala.com/shareholders_meeting.html

AGM minutes included Q&A publish on above AA website. I have no follow up question and most likely will sell my 1,000 units next week.

Is Capital A Berhad (AIABF) Stock = Aetherium Acquisition Corp????

https://www.sec.gov/edgar/browse/?CIK=1866547&owner=exclude

I wonder why someone claim know how to read financial report, news plus holding more CapA share but no questions ask even capA keep postpone submitting PN17 regularisation plan.


Is he trying to sell his high tickets to you?

Now you know all this while, AA profit is from charging high lease to JV related parties, buy and sell planes and now most likely services provided to JV related parties.

Stony do not know how to make money from flying people.

An allowance for impairment of RM 315.3 million was recognised in 2020 foran amount due from a related party, AirAsia X (AAX), resulting from AAX’s debt restructuring exercise. Subsequently, in 2022, after AAX concluded the debt restructuring exercise, RM313.2 million of the outstanding amount was written off.

An allowance for impairment of RM214.4 million was recognised in 2020
for an amount due from a related party, Thai AirAsia X (TAAX) due to the proposed rehabilitation plan of TAAX. This was subsequently increased to RM227.7 million in 2021.

In 2023, an amount of RM1.6 million, equivalent to 0.5% of the settlement sum was successfully recovered. As for TAAX, we are currently awaiting the outcome of the proposed rehabilitation plan.

By the way who care you still have how many % paper gain?

Life is wonderful if you do something useful for others.

The addition question I posted to BOD during the virtual AGM:

From Aetherium Acquisition Corp Form 10Q:
As of March 31 2024, there were 528,500 shares of class A common stock issued and outstanding, excluding 2,991,003 shares subject to redemption.

On May11, 2021, the sponsor purchased 2,875,000 founder shares (Class B common stock issued and outstanding) for an aggregate purchase price of USD 25,000.

Question: With such a low numbers of class A and B shares issued and outstanding, are the merged with CAPI still feasible and possible?

Aetherium Acquisition Corp, a special purpose acquisition company, is set to be delisted from the Nasdaq Stock Market following a notification from Nasdaq on Monday, June 18, 2024. The decision comes after the company failed to meet Nasdaq's continued listing requirements, specifically maintaining a minimum Market Value of Listed Securities (MVLS) of $50 million and a minimum of 400 total shareholders.

The company was initially given until November 6, 2023, to regain compliance with the MVLS requirement. Despite efforts, including an appeal to the Nasdaq Hearings Panel and a compliance plan tied to a business combination agreement with Capital A Berhad, Aetherium did not meet the necessary criteria within the extended grace period that ended on May 28, 2024.

In response to the delisting notice, Aetherium Acquisition Corp has requested a hearing before the Panel by the deadline of July 5, 2024, to present a new compliance plan. This plan includes intentions to file a Form F-4 related to its business combination agreement and to potentially transfer the listing of its securities to the Nasdaq Capital Market.


Trading of Aetherium's units, Class A common stock, and warrants was suspended on Thursday, June 21, 2024. The company is currently preparing to submit its plan of compliance and still plans to file the Form F-4 as previously agreed with the Panel. If Aetherium does not appeal or the appeal is unsuccessful, Nasdaq will proceed with the delisting by filing a Form 25-NSE with the SEC.

Did anyone attend Jaks AGM on 27 June 2024 and ask questions on addition 10% JHDP?

I would not be shock anymore if Stony/capA can get free money from suckers.

I am at shock and disbelif AAX creditors included non refund flight cancel passagers vote for a settlement of 0.5 sen for every ringgit owed under court arrange debt restruture plan for AAX.

The rest is history.

My whole career is to teach my subordinates to be a better worker with up to date knowledge and be a better man.

I am pround my subordinate able to acheive their career advacement thro' their hardwork and lifelong learning. I feel I had done my job and I'm happy for them.

How about you? What have you done for others?

By the way when my former subordinates meet me they address me as "Sir"

Am I wrong to say what Mike-tikus repeatly copy and past his gibberish rather than giving different opinion/view is for the sole purpose of Attention Seeker “ , “ Dumbass “ , “ Tikus “ n etc?

Am I wrong to say just ignore the gibberish from Mike-tikus, he has nothing useful to contribute?
So beware of Mike-tikus, he will troll you. Entertain him at your own risk.

By the way isn't Mickey Mouse a Tikus?

By the way just ignore the gibberish from Mike-tikus, he has nothing useful to contribute.

Mr.Market is watching can CapA exit PN17(Already postpone submitting PN17 regularisation plan to BursaSC for many times)?

My doubt on the proposed capA dispose AAAGL and AAB to AAX remain as below:

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?

Still holding 1000 units to qualify as shareholder.
Waiting for the AGM minutes publish at capA website and see whether need to send in follow up questions.

Shouldn't "Is airasia very safe" be a question rather than an answer?

By the way am I right to say Mike-tikus is low IQ when what he can come out is gibberish?

Subsidy can never be good.
People need to learn there is No Such Thing as a Free Lunch

The first time you give somebody something for free you create appreciation.
The second time you give the same person something for free you create anticipation.
The third time- expectation.
The fourth time- entitlement
The fifth time- dependency.
When you don't give it again , it can often lead to resentment that overnight grows into hatred.
Be charitable but be wise.

Found below on BURSA website:

CAPITAL A BERHAD

Type Announcement
Subject PRACTICE NOTE 17 / GUIDANCE NOTE 3
MONTHLY ANNOUNCEMENT
Description CAPITAL A BERHAD ("THE COMPANY")

MONTHLY ANNOUNCEMENT PURSUANT TO PRACTICE NOTE 17 OF THE MAIN MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD
Reference is made to the Company’s announcements dated 8 July 2020, 27 May 2021, 7 January 2022, 13 January 2022, 14 January 2022, 3 February 2022, 1 March 2022, 1 April 2022, 5 May 2022, 1 June 2022, 1 July 2022, 1 August 2022,1 September 2022, 3 October 2022, 1 November 2022, 4 November 2022, 29 November 2022, 1 December 2022 and 21 December 2022, 3 January 2023, 2 February 2023, 27 February 2023, 1 March 2023, 4 April 2023, 2 May 2023, 1 June 2023, 15 June 2023, 30 June 2023, 3 July 2023, 27 July 2023, 1 August 2023, 1 September 2023, 2 October 2023, 5 October 2023, 1 November 2023, 1 December 2023, 22 December 2023, 2 January 2024, 19 January 2024, 2 February 2024, 1 March 2024, 1 April 2024, 2 May 2024, 4 June 2024 and 28 June 2024 (“Announcements”).

(Unless otherwise stated, the words and abbreviations used herein shall have the same meaning as those defined in the Announcements.)

Pursuant to paragraph 4.1(c) of PN17 of the Main LR, the Board of Directors of the Company wishes to announce that the Company and the appointed advisers are in the midst of formulating a regularisation plan to address its financial condition.

As announced on 28 June 2024, the Company has submitted an application to Bursa Securities for an extension of time until 31 August 2024 for the Company to submit its regularisation plan to Bursa Securities. The application for extension of time is pending Bursa Securities’ decision and the Company shall make the necessary announcement(s) regarding the development thereof accordingly.

This announcement is dated 2 July 2024.

Sorry accidently deleted.
Repost

TheBull must be joking for asking a thinking question to low IQ Mike-tikus.

He can't even read financial report so how can he answer you whether different or same set of financial reports?

As for you can you different whether my figure and fact is from Capital A financial reports available on Bursa website or not?

Is Anwar serious in talking about and understand the meaning of balancing meritocracy with the principle of justice as fairness?

No one will object if you give an everage students from ill equip and poor rural school into a well equip with best teacher and prepared them to take a unify univetsity entry exam (STPM or A level). But to give a 90% quoto with a lower university enter exam and then proudly announce to the whole world we already abolish quoto sysyem with meritrocracy system for university intake is institutionalisation of cheating.

Anwar, in a Facebook post today, said in a country which implements a system based on meritocracy, the government emphasised the importance of balancing meritocracy with the principle of justice as fairness, as expressed by Harvard scholar, John Rawls.

“This matter needs to be understood by some elite groups in the city, who talk loudly about meritocracy, but do not think whether it is fair to let students in Manik Urai or Kapit compete with students in Malay College Kuala Kangsar (MCKK) or Sekolah Menengah Jenis Kebangsaan Chung Ling, which are equipped with the best infrastructure.

He cautioned against implementing meritocracy without consideration for fairness, as the poor and marginalised will remain in such a state.

“This is ‘The Tyranny of Merit’ as argued by the American scholar, Michael Sandel,” he said.

Is Anwar serious in talking about and understand the meaning of balancing meritocracy with the principle of justice as fairness?

No one will object if you give an everage students from ill equip and poor rural school into a well equip with best teacher and prepared them to take a unify univetsity entry exam (STPM or A level). But to give a 90% quoto with a lower university enter exam and then proudly announce to the whole world we already abolish quoto sysyem with meritrocracy system for university intake is institutionalisation of cheating.

Anwar, in a Facebook post today, said in a country which implements a system based on meritocracy, the government emphasised the importance of balancing meritocracy with the principle of justice as fairness, as expressed by Harvard scholar, John Rawls.

“This matter needs to be understood by some elite groups in the city, who talk loudly about meritocracy, but do not think whether it is fair to let students in Manik Urai or Kapit compete with students in Malay College Kuala Kangsar (MCKK) or Sekolah Menengah Jenis Kebangsaan Chung Ling, which are equipped with the best infrastructure.

He cautioned against implementing meritocracy without consideration for fairness, as the poor and marginalised will remain in such a state.

“This is ‘The Tyranny of Merit’ as argued by the American scholar, Michael Sandel,” he said.

Zaid Ibrahim
@zaidibrahim
Anwar, stop being generous, just be fair

The announcement from PMX guarantees that non-bumiputras will have a place in matriculation courses if they have 10 As. How many non-bumi have 10 As? What about 9/ 8As or 7 As

I feel sorry, especially for the poorer Indians and Chinese families. Ninety per cent of the places in Matriculation are already reserved for Bumis. Their children have to get 10As to qualify. Why can't this government be more sensible and fair to non-Malays? Could you not give them more places?

Zaid Ibrahim
@zaidibrahim
Anwar, stop being generous, just be fair

The announcement from PMX guarantees that non-bumiputras will have a place in matriculation courses if they have 10 As. How many non-bumi have 10 As? What about 9/ 8As or 7 As

I feel sorry, especially for the poorer Indians and Chinese families. Ninety per cent of the places in Matriculation are already reserved for Bumis. Their children have to get 10As to qualify. Why can't this government be more sensible and fair to non-Malays? Could you not give them more places?

Is 700,000,000 out of 2,618,054,651 is considered as more than half already converted?

AS AT 30 june 2023
Issued Shares : 400,142,339 Ordinary Shares (“OS”) and 2,618,054,651 Redeemable Convertible Preference Shares (“RCPS”)
Class of Shares : OS (Listed Securities)
RCPS (Non-listed Securities)
Treasury shares : 32,500,800 treasury shares held by the Company
Voting Rights for OS : One vote per shareholder on a show of hands or one vote per OS on a poll
Voting Rights for RCPS : One vote per shareholder on a show of hands or one vote per RCPS on a poll at such class meeting of the RCPS. The RCPS holder has no right to vote at any general meeting of the ordinary shareholders except with regards to any proposal to reduce the capital of the Company, to dispose of the whole of the Company’s property, business and/or undertakings,to wind-up the Company and any time during the winding-up of the Company


Sslee Stock [KPPROP]: KERJAYA PROSPEK PROPERTY BERHAD
Announcement Date 22-Jan-2024
Reference No ALA-19012024-00014
Listing Date 23-Jan-2024
New type/class? No
Type Conversion of Preference Shares
Details Conversion of 700,000,000 Redeemable Convertible Preference Shares into 140,000,000 Ordinary Shares of the Company
No. of shares issued 140,000,000
Issue Price Malaysian Ringgit (MYR) 0.850
Par Value 0.000
Total NOSH 540,142,339

Good morning my friend Balian de Ibelin.
Long time no see, where have you been?

What meritocracy when matriculation programme was meant to be a backdoor to enter local university?

THE matriculation programme was meant to be a backdoor to help more Malay students get into university, said Prime Minister Dr Mahathir Mohamad.

“We decided to have matriculation because we found that Malays do not have a higher certificate and they could enter universities. So, we provided a backdoor for that.

“It was entirely meant to be a backdoor (entry) for Malays but now other people do much better but they cannot get into matriculation.

“It is simply because they did not do much better that we had to create matriculation for the Malays

Didn't all my figure and fact from the Capital A financial reports available on Bursa website?

Can the fortune teller pinpoint which of my figure and fact is not from the Capital A financial reports available on Bursa website?

Did KYY know of the billion of RCPS which need to be redeemed or can be converted to KPP share at 5 to 1 ratio?

Acquisition of subsidiaries
The Company had, on 9 August 2019, announced the following acquisitions and transactions that were approved by the shareholders in the Extraordinary General Meeting held on 23 December 2019:-
i) Acquisition of the entire equity interest in Aeon Frontier Sdn. Bhd. (“AFSB”) for a purchase consideration of RM33,473,902 (“AFSB Acquisition”) which was satisfied via the issuance of 196,905,307 shares in the Company (“Company Shares”) at an issue price of RM0.17 per Company share;

ii) Acquisition of the entire equity interest in Kerjaya Property Sdn. Bhd. (formerly known as Kerjaya Prospek Property Sdn. Bhd.) (“KPSB”) for a purchase consideration of RM367,590,902 (“KPSB Acquisition”) of which RM100,000,000 was satisfied via cash and RM267,590,902 which was
satisfied via the issuance of 1,574,064,127 redeemable convertible preference shares in the Company (“Company RCPS”) at an issue price of RM0.17 per Company RCPS;

iii) Acquisition of the entire equity interest inKerjaya Hotel Sdn.Bhd. (“KHSB”) for a purchase consideration of RM270,978,389 (“KHSB Acquisition”) which was satisfied via the issuance of 1,593,990,524
Company RCPS at an issue price of RM0.17 per Company RCPS;
(Collectively, i), ii) and iii) above are referred to as the“Acquisitions”)

I am just telling what are inside CapA financial result unlike others many fortune tellers telling a very bullish future unsupport by financial result and the competative nature of Low Cost airline that almost every SEA countries have their own national Low Cost airlines.