Repost:
Posted by Sslee > Jun 13, 2024 5:51 PM | Report Abuse X
The webpage at https://vimeo.com/event/4376865/embed/interaction might be temporarily down or it may have moved permanently to a new web address.

I try to do some resetting and the final message:
Internetbaik.telkomsel.com refused to connect

I managed to submit one more question on CAPI and submitted the voting but cannot follow the live streaming


Posted by Sslee > Jun 13, 2024 6:00 PM | Report Abuse X
Will wait for the AGM minutes for follow up clarification questions

AAX after the acquisition of AAAGL and AAB the total borrowing and lease liabilities is RM 23,271,794,000 gearing 23.96 times.

Hence the question: 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?

Again the same question if Capital A Berhad's post-pandemic turnaround is a remarkable success story then why Stony intend to dispose capA' aviation to AAX?

I speak the truth and if the truth hurt, whose fault?

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?

Do I sound like somone wants to see someone in jail?

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

Already ask that question to company secretary as one of my question.

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?

Insas still hold 516,508,575 Inari (%)13.71

Stock [INARI]: INARI AMERTRON BERHAD
Announcement Date 18-Jun-2024
Reference No CS2-14062024-00124
Substantial Shareholder's Particular:
Name INSAS BERHAD
Details of Changes:
Currency -
Date of Change Type Number of Shares
14-Jun-2024 Disposed 5,000,000
Registered Name Insas Technology Berhad
Nature of Interest Indirect Interest
14-Jun-2024 Disposed 2,000,000
Registered Name M & A Nominee (Asing) Sdn Bhd for Media Lang Limited
Nature of Interest Indirect Interest
14-Jun-2024 Acquired 5,000,000
Registered Name M & A Nominee (Asing) Sdn Bhd for Media Lang Limited
Nature of Interest Indirect Interest
Nature of Interest Indirect Interest
Shares Ordinary shares
Reason (i) Disposal in the open market (ii) Acquisition and disposal via Direct Business Transaction
Total no of securities after change
Direct (units) 0
Direct (%) 0.00
Indirect (units) 516,508,575
Indirect (%) 13.71
Total (units) 516,508,575
Total (%) 13.71
Date of Notice 18-Jun-2024

I cannot teach anybody anything. I can only make them think by asking questions.

Repost:
Posted by Sslee > Jun 14, 2024 7:13 PM | Report Abuse X

And the quater before that Insas Tech disposed 5 million Inari share on 27 Dec 2023 to Media Lang and reported gain of disposal RM 9.445 million

If Insas do that I will quickly sell my remaining Insas

Just monitor the steel bar price to time when you should buy steel stock.

Will collect some Insas just before announcement of next quarter result.

Just a simple question if Capital A Berhad's post-pandemic turnaround is a remarkable success story then why Stony intend to dispose capA' aviation to AAX?

Are you saying the innovative dividend is a stillborn?

A Closer Look at the Numbers
The chart below shows the stock performance of several major airlines in the region over recent months. Here are the airlines included:

Why not show the chart from covid 2020 lowest to now?

Anyone know how much SIA had gain from its covid 2020 low?
Whereas CapA is still a PN17 company.

Page 27- 28: Statements of financial position as at 31 December 2023
31.12.2023: 31.12.2022: 1.1.2022
RM'000: RM'000: RM'000
Net current liabilities (12,669,239): (8,509,066): (6,754,176)
Capital and reserves
Share capital: 8,711,742: 8,654,977: 8,457,172
Merger deficit: (5,507,594): (5,507,594): (5,507,594)
Foreign exchange reserve: 217,047: 1,178,273: 601,494
Accumulated losses: (12,321,978): (10,254,769): (7,094,693)
Reserves: 138,642: 204,020: 161,321
Total shareholders' deficit: (8,762,141): (5,725,093): (3,382,300)
Non-controlling interests: (1,862,596): (3,791,865): (3,040,603)
Total deficit: (10,624,737): (9,516,958): (6,422,903)

Question 4: External Auditor based on above financial figures what is your opinion on the Group financial health from 1.1.2022 to 31.12.2022 to 31.12.2023 (improving and healthy or deteriorating into ICU level)?

KLSE: KERJAYA (7161) KERJAYA PROSPEK GROUP BERHAD MAIN : Construction
Last Price Today's Change Day's Range Trading Volume
1.87 -0.02 (1.06%) 1.87 - 1.92

KLSE: KPPROP (7077) KERJAYA PROSPEK PROPERTY BERHAD MAIN : Property
Last Price Today's Change Day's Range Trading Volume
0.975 +0.04 (4.28%) 0.92 - 0.975 3,646,300

Above are two different Bursa listed companies.

https://www.icapital.my/2023-10-02-icapital-biz-berhad-announces-innovative-dividend-policy-en-us/

Actually Thong and PAC can just surrender their PB with corrospond amout of WC to insas shares and trigger the conditional MGO.

Even if shareholders rejected the MGO offer Thong and PAC can still convert whatever WC they still hold and cross the 50% and rendered the MGO unconditional at the end of MGO closing date.

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

Every shareholders of icapital must thank COL for NAV discount of ICAP widened from 17.51% to 27.36%.

So when will icapital declared the dividend of 1% of the NAV per share, plus 8% of the difference between ICAP's share price and NAV?

Insas BOD decided to take profit on Inari as most insas shareholders want Insas to take profit. So no complaint from me when Insas sold some Inari shares to report a good quarter result.

The problems is I cannot understand why Insas BOD hold such a large cash hoard of over RM 1 billion?

At least StartOfTheBull get it right on MSC.

Result for the 6 Months (15 Dec 2023 - 14 June 2024) ROI contest

Price (RM)
Dividend
Price (RM)
ROI

Stock
15/12/2023
(RM)
14/06/2024
%
OTB
YTLPOWER
2.460
0.030
5.280
115.85%
income
TOMEI
1.220
0.040
1.760
47.54%
StartOfTheBull
MSC
2.010
0.070
2.770
41.29%
Philip
HARTA
2.690
3.590
33.46%
speakup
CMSB
1.070
0.020
1.400
32.71%
Sslee
INSAS
0.890
0.025
1.120
28.65%
calvintaneng
JAYATIASA
0.915
0.025
1.120
25.14%
qqq47660
DNEX
0.395
0.485
22.78%
Study2
PETRONM
4.550
0.230
4.860
11.87%
Felix888
ARMADA
0.510
0.555
8.82%
Choivo
TIMECOM
5.280
0.152
5.090
-0.73%
Stony
CAPITALA
0.860
0.840
-2.33%
3iii
PBB
4.310
0.100
4.080
-3.02%
Study1
PCHEM
7.150
0.050
6.560
-7.55%

Posted by duatlai > Jun 15, 2024 4:57 PM | Report Abuse
Surprised to have educated people writing nonsense, !

Your advise noted with thanks.
I just try to lower down my IQ to talk to low IQ Mike-tikus.
From now on I will just let him talk to himself, kaki kong kaki song.

Aiyoyo Mike-tikus really do not know the reason why Total Share of Profit = RM 431.703 Million but Total Dividend only = RM 97.386 Million

Can it be:
A. JHDP wants to reserve cash for future expansion?
B. JHDP has cash flow problem?
C. China JV partner withold the dividend payment so that jaks do not has enough cash for the addition 10%?
D. JHDP involved with corruption investigation and cannot transfer money out of Vietnam?
E. JHDP BOD like to hold cash like Insas BOD?
F. All of above?
G. None of above?

https://klse.i3investor.com/blogs/Sslee_blog/2024-06-15-story-h-158959622-6_months_12_months_and_18_months_ROI_contest_part_III.jsp

https://klse.i3investor.com/blogs/Sslee_blog/2024-06-15-story-h-158959622-6_months_12_months_and_18_months_ROI_contest_part_III.jsp

https://klse.i3investor.com/blogs/Sslee_blog/2024-06-15-story-h-158959622-6_months_12_months_and_18_months_ROI_contest_part_III.jsp

https://klse.i3investor.com/blogs/Sslee_blog/2024-06-15-story-h-158959622-6_months_12_months_and_18_months_ROI_contest_part_III.jsp

https://klse.i3investor.com/blogs/Sslee_blog/2024-06-15-story-h-158959622-6_months_12_months_and_18_months_ROI_contest_part_III.jsp

Did Mike-tikus know the reason why Total Share of Profit = RM 431.703 Million but Total Dividend only = RM 97.386 Million?

Know how much insas report share of profit and dividend from associate company Inari?

Aiyoyo did Mike-tikus know dividend from JV is distributed from share of profit from JV?

Aiyoyo Mike-tikus insider disposed Priva kah?

Name
Details of Changes
Date
Type
No. of Shares
Price
PUAN HAIDA SHENNY BINTI HAZRI 12-Jun-2024 Disposed 460,000 0.119

Why Mike-tikus promote priva in jaks forum?
Is this mean he already sold jaks and now all in Priva?
Is he asking people to sell jaks and buy Priva?

I actually hoping Insas to report a loss quarter so that I might be able to collect Insas below RM1.00
Look like I will be disappointed again

Jaks PP wil be how many Tranches?
Jaks BOD really no transparent but can we expect yearly PP or RI due to cash flow problems?

Insas accumulated so much cash in preparation for Thong to cross over 33% and make a MGO.

I expect the gain of disposal on these 8.5 million inari shares is about RM 16.29 million

And the quater before that Insas Tech disposed 5 million Inari share on 27 Dec 2023 to Media Lang and reported gain of disposal RM 9.445 million.

The cash inflow from the disposal is about RM 31.86 million

The last quater insas report disposal gain of RM 6.1 million from 10 million inari share disposed Media Lang

Media Liang holding cost on Inari is about RM 2.60
insas plaza holding cost on inari is on equity accounting Inari NAPS is RM 0.736.

So more cash coming in and you can work out the gain on disposal of associate shares.

INARI] Change In Substantial Shareholder's Shareholding - INSAS BERHAD on 14-Jun-2024
Stock [INARI]: INARI AMERTRON BERHAD
Announcement Date 14-Jun-2024
Reference No CS2-26012024-00092
Substantial Shareholder's Particular:
Name INSAS BERHAD
Details of Changes:
Currency -
Date of Change Type Number of Shares
13-Jun-2024 Disposed 500,000
Registered Name Insas Plaza Sdn Bhd
Nature of Interest Indirect Interest
12-Jun-2024 Disposed 5,000,000
Registered Name M & A Nominee (Asing) Sdn Bhd for Media Lang Limited
Nature of Interest Indirect Interest
12-Jun-2024 Disposed 1,500,000
Registered Name Insas Plaza Sdn Bhd
Nature of Interest Indirect Interest
11-Jun-2024 Disposed 1,500,000
Registered Name Insas Plaza Sdn Bhd
Nature of Interest Indirect Interest
Nature of Interest Indirect Interest
Shares Ordinary shares
Reason Disposal in the open market
Total no of securities after change
Direct (units) 0
Direct (%) 0.00
Indirect (units) 518,508,575
Indirect (%) 13.77
Total (units) 518,508,575
Total (%) 13.77
Date of Notice 14-Jun-2024

What will be the earning of next quarter and quarter after next of Annjoo?

https://tradingeconomics.com/commodity/hrc-steel
HRC Steel decreased 361.94 USD/T or 33.11% since the beginning of 2024, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Historically, HRC Steel reached an all time high of 1945 in September of 2021.

Mike-tikus is pump over and when you want to dump?

https://tradingeconomics.com/commodity/steel
Steel rebar futures fell to CNY 3,400 per tonne in June, the lowest in two months, and tracking the poor momentum for ferrous metals amid increasing pessimism over demand in top consumer China. Dexin was ordered to liquidate one year after its restructuring plan was approved, underscoring the lingering distress that property developers face despite a series of support measures by Beijing, and dimming confidence for other larger debt-ridden players. The developments added to the poor outlook for Chinese construction, a major source of steel purchasing, after private data showed that home sales from China’s 100 largest real estate companies sank 34% annually in May after a 45% plunge in April. The excessive inventory in Chinese housing drove the market to show skepticism over the impact of the government’s house-buying program, as the CNY 300 billion allocated for home buying by the PBoC is a small fraction of inventory estimated to balance out oversupply.

Mike-tikus go and learn how people promote DFX.
Your TA and VWAP style already out of date.

No further buying from Tony?