The offer price reasonable or not is in comparision of price history to offer price.
The offer price is fair or not is in comparision with sum of parts or DCF valuation with offer price.

You can be assets heavy (sum of parts) but when come to cash flow it is a totally different ball game.

More planes delivered, more lease payment, more new route and more mega free seat promotion.
The important question: Will the operation cash flow for next 12 months enough to pay the current lease liabilities of RM 5,985,234,000 as at 31/03/2024?

Referring below Q1 2023 presentation
Well positioned for growth with a total of 362 aircraft in order book to be delivered in the next 12 years. 73 aircraft have already been secured financing through Sales and Leaseback (SLB) arrangements with several lessors.

Question 18: BOD what is the latest status on the above?

By the way what is the quarter end 30/3/2024 load factor and what is the financial result?

@raymondroy,

Quarter end 31/03/2024
RM'000
Cash generated from operation: 835,037

Please look into cash flow from financial activities:
Proceeds from borrowings: 351,371
Repayment of borrowings:(58,914)
Repayment of lease liabilities:(726,424)
Net cash used in financial activities: (433,967)

So after paying the lease liabilities of RM 726,424,000 what will be the operation cash flow?

Note: under MFRS 16:
(i) On the Consolidated Income Statement, expenses which were previously included under aircraft operating leases will be replaced by finance costs – lease liabilities and depreciation of right of use asset;

(ii) On the Consolidated Cash Flow Statement, operating lease rental outflows, previously recorded within net cash flow from operating activities, are classified as “net cash flow used in financing activities” for repayment of principal of lease liabilities

Will the operation cash flow for next 12 months enough to pay the current lease liabilities of RM 5,985,234,000 as at 31/03/2024?

I manage to collect 30K Insas-WC at RM 0.255
Hope to get my free bintang beer and lobster again

Still waiting for the AGM minutes (key matters discussed) to be published at capA website to know whether the dumb questions will be answered with dumb answers.

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)

Net current liabilities of RM (12,923,931,000) as at 31/03/2024

My form 3 book keeping/accounting tell me if your net current liabilities keep growing it can only mean your business is in big trouble.

Mind telling me what is your accounting and financial analysis skills tell you about ever growing net current liabilities?

By the way will the operation cash flow for next 12 months enough to pay the current lease liabilities of RM 5,985,234,000 as at 31/03/2024?

He bought AirAsia from a Malaysian government-owned company for a token sum of RM 1 in 2001 and inherited a debt of RM 40 million.

How will he deal with a net current liabilities of RM (12,923,931,000) as at 31/03/2024?
Is disposal of capA aviation solved the net current liabilities problem?
How will AAX deal with it, if AAX take over capA aviation?
What will the the likelihood AAX default on the current liabilities?
What will happen to the BOD of AAX and capA if AAX default on the current liabilities?

Indeed "Ignorance Is Bliss"

By the way will buyback share same as already bought its share?

Know almost every companies listed in Bursa will table a standard resolution Proposed renewal of share buy-back in every AGM?

Sometime a joke/question is not mean to make you laugh but intended to make you think. So what have you been thinking about capitalA lately?

"Ignorance Is Bliss", "In knowing nothing, life is most delightful"

CapitalA
Quarter
Revenue
PBT
NP
NP to SH
EPS
NAPS
Financial Year: 31-Dec-2024
31-Mar-2024 5,241,398 -249,843 -244,279 -91,554 -2.20 -2.1100

If quarter end 31 March 2024 is a loss-making quarter what make you think the next quarter will be a profitable quarter?

Did Mabel know the submission of draft circular in relation to the Proposals (“Circular”) to Bursa Securities had been extended to untill 31 July 2024?


TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RELATED PARTY TRANSACTIONS CAPITAL A BERHAD ("CAPITAL A" OR THE "COMPANY") (I) PROPOSED AAAGL DISPOSAL; (II) PROPOSED AAB DISPOSAL; AND (III) PROPOSED DISTRIBUTION (COLLECTIVELY, THE "PROPOSALS")
CAPITAL A BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS
Description CAPITAL A BERHAD ("CAPITAL A" OR THE "COMPANY")

(I) PROPOSED AAAGL DISPOSAL;

(II) PROPOSED AAB DISPOSAL; AND

(III) PROPOSED DISTRIBUTION

(COLLECTIVELY, THE "PROPOSALS")
Reference is made to the Company’s announcement dated 25 April 2024.


On behalf of the Board of Directors of the Company, RHB Investment Bank Berhad wishes to announce that the Company had on 21 June 2024 submitted an application to Bursa Malaysia Securities Berhad (“Bursa Securities”) for an extension of time until 31 July 2024 for the Company to submit the draft circular in relation to the Proposals (“Circular”) to Bursa Securities.


This announcement is dated 21 June 2024.

The mind is borderless and timeless.
The mind can travel backward and it is called memory.
The mind also can travel forward and it is call imaginary or day dreaming.
You can live in the past or worrysome future. Or
You can live in the NOW, learn from the past and plan for the future.
I already sold or am selling or take profit on some of my holding to accumulate cash to plan for my next buying.

Lead by example. If TTB intention is empowering and championing retail investors than he should attend companies AGM that icapital hold share and ask the hard questions and hold the BOD, external auditor accountable, responsible and answerable.

Why buy ytl and not nvidia?

Why anyone wants to travel back in time?
Do you think you can change the world by travel back in time?
Life is a journey, just enjoy the ride!

Share price will have its up and down, so just enjoy the ride!

Repost from jaks forum
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.
15/06/2024 6:31 PM

MSC should report a very good quarter end 30 June 2024. Will top up MSC before next quarter result announcement.

By the way Eagle77 has done a very good promotion SCIB forum

Posted by Eagle77 > Jun 22, 2024 5:09 PM | Report Abuse
SCIB commonly wins almost all the contracts for building and repairing schools in Sarawak ✅

https://www.thestar.com.my/business/insight/2024/06/22/data-centres---beware-of-the-pitfalls

Data centres – beware of the pitfalls
By PANKAJ C. KUMAR
INSIGHT
Saturday, 22 Jun 2024

Insas disposed another 500,000 inari shares on 19 june 2024.
Still holding 516,008,575 inari share.

Stock [INARI]: INARI AMERTRON BERHAD
Announcement Date 21-Jun-2024
Reference No CS2-18062024-00125
Substantial Shareholder's Particular:
Name INSAS BERHAD
Details of Changes:
Currency -
Date of Change Type Number of Shares
19-Jun-2024 Disposed 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) 516,008,575
Indirect (%) 13.70
Total (units) 516,008,575
Total (%) 13.70
Date of Notice 21-Jun-2024

No worries about leno, will leno' WC automative converted to Insas after Feb 2026?
Cheer!!!

Why give 28x FY27F P/E when Harta cannot grow its market share and hence the earning?

Know what is the PE for Public Bank now?

If China can sell at lower ASP to capture market share from emerging market then who is paying more to buy at higher ASP from Malaysia?

Is Malaysia gain or lose market share to China?

And why Harta deserved a TP of RM 4.10 28x FY27F P/E, slightly above its pre-COVID-19 5-year historical mean of 26x if it cannot grow its market share?

Still BUY. Post-earnings adjustment, we raise our TP to MYR4.10. Our DCF- derived TP implies 28x FY27F P/E, slightly above its pre-COVID-19 5-year historical mean of 26x. We like Hartalega due to its robust balance sheet, efficient operating model, and a key beneficiary of the recovery in medical glove sector. Key risks: Lower-than-expected sales volume, weaker-than- expected USD/MYR rate, and higher-than-expected raw material price.
Source: RHB Research - 23 May 2024

Cost:
Raw material cost
Utility cost
Manpower cost
Logistics, shipment and marketing cost
Depreciation cost
Tax/duty cost

So compare the above cost what Malaysia glove manufacturers have advantage over China?

By the way US market is how many % of world market?
Even if China lost the US market, will China dominant market outside US?

Tariffs on rubber medical and surgical gloves will jump to 25% from 7.5% in 2026.

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?

Anyone can explain why Harta with PE of 970.27 make it into top 4?

If harta next two quarter earning is a disappointment then what will be the price?
Will it still command a PE of 970.27?

More or less I also give up on Bursa and SC to do the right thing in protecting shareholders interest and prosecute the crooks to the fullest

So invest at your own risk.

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-158835501-My_last_email_to_HRC.jsp

https://klse.i3investor.com/blogs/ficus/2024-06-20-story-h-158865262-Public_Bank_Needs_to_Grow_Its_Revenue_and_Profits_Faster_than_Assets.jsp

You can either growing the profit or reducing the equity to increase your ROE.
Unfortunately Insas increasing the profit by selling Inari share but relutant to return the ever increasing retained profit to shareholders causing total equity to increase from RM 1,352,726,000 FY2016 to RM 2,340,464,000 FY2023.

Insas indeed a very "gruesome" company.
But know what 12 months Insas ROI beat PBB ROI contest.

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

CapitalA lessors can just pull out their planes if capA late in paying lease liabilities. So why would lessors accept any haircut?

So do you think AAX can bailout capitalA?

By the way Insas is the most undervalued and depply depressed stock in Bursa.
You need to learn how to buy low and sell high from TheContrarian who had so far earned 4X gain

Once upon a time everyone is a water fish but people change with time and experience.
So welcome to i3investor and remember you do not need to lower your IQ to engage with low IQ people.
Just be yourself.

The debts restructure drag on for soo long is because the creditors expect the rich daddy/tax payers' money to bail out this company and hence reluctant to accept the haircut.

MGO: A mandatory general offer involves the person that has triggered the offer obligation making an offer to all of the shareholders of the target to acquire their shares.

You can google SC rule on MGO

For 3QFY2024, the Group registered Sales Revenue of RM637 million, an increase of 16% quarter on quarter. Its operational losses reduced to RM34 million in 3QFY2024 from a loss of RM59 million in 2QFY2024, representing a 42% improvement. Meanwhile, Sales Volume which had been growing since 4QFY2023 also continued its upward trend, rising 13% versus 2QFY2024, reflecting the Group’s steady recovery. The Group also achieved a Profit After Tax of RM62 million, up 255% compared with the preceding quarter. The Group’s enhanced performance was driven by
increasing glove demand and ongoing initiatives focused on quality and cost optimisation measures, as well as gains from the disposal of excess land.

Raw material prices for 3QFY2024 were on an uptrend quarter on quarter, with the average natural latex concentrate price up by 20% to RM6.77/kg, while the average nitrile latex price rose 16% to USD0.89/kg.

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.