If Stony's words can be trust, pigs would fly

Good morning i3lurker,
10 million FREE* Seats or free money to kep afloat book/paid now flight between 4 September 2023 and 13 Aug 2024.

SEPANG, 13 March 2023 ‒ AirAsia, the low-cost airline with the biggest fleet, widest network and lowest fares, continues to add more planes, more flights and more destinations across Asia and Asia Pacific and to celebrate, the airline has today launched a 10 million FREE* Seats Mega Sale to a myriad of destinations worldwide.

From now until 19 March 2023, value-seekers are in for a treat! Those looking to explore our picturesque domestic cities can fly to Langkawi, Penang, Johor Bahru and much more from only RM23* one way. Seats to a wide range of exciting destinations in Asean such as Jakarta, Bali, Bangkok, Ho Chi Minh City, and many more are also available from just RM60* one way. The sale ends this Sunday, 19 March 2023 for a travel period between 4 September 2023 and 13 Aug 2024, so get in quick and start planning your vacations early to secure the best value deals!

For globe-trotters wishing to spread their wings and fly a little further, AirAsia X has got you covered. From just RM329* all-in one-way fare, adventure-seekers can make their way to the pristine beaches of Perth, food-and-shopping haven Taipei or bustling Tokyo. Those looking for a little plush and comfort need not look further - book your premium flatbed seats to these and many more long haul destinations from only RM1,299. This promo price is valid from now till 19 March 2023, for travel between 4 September 2023 and 9 July 2024.

AirAsia’s recently-resumed routes to China are also on sale. Fly from Kuala Lumpur to Hangzhou, Shanghai, Beijing (Daxing), Guangzhou, Shenzhen and Kunming from just RM599* one-way, from Kota Kinabalu to Guangzhou and Shenzhen from just RM299* one-way and from Johor Bahru to Guangzhou from RM469* one-way. As part of BigPay and AirAsia’s strengthened partnership, BigPay users can enjoy a further 5% off all AirAsia flights with flight code ‘AK’ for a year by using the promo code “BIGPAY5”*. For more information on this exclusive promo, please visit: https://bigpay.link/bigpayxAA5

SEPANG, 13 March 2023 ‒ AirAsia, the low-cost airline with the biggest fleet, widest network and lowest fares, continues to add more planes, more flights and more destinations across Asia and Asia Pacific and to celebrate, the airline has today launched a 10 million FREE* Seats Mega Sale to a myriad of destinations worldwide.

From now until 19 March 2023, value-seekers are in for a treat! Those looking to explore our picturesque domestic cities can fly to Langkawi, Penang, Johor Bahru and much more from only RM23* one way. Seats to a wide range of exciting destinations in Asean such as Jakarta, Bali, Bangkok, Ho Chi Minh City, and many more are also available from just RM60* one way. The sale ends this Sunday, 19 March 2023 for a travel period between 4 September 2023 and 13 Aug 2024, so get in quick and start planning your vacations early to secure the best value deals!

For globe-trotters wishing to spread their wings and fly a little further, AirAsia X has got you covered. From just RM329* all-in one-way fare, adventure-seekers can make their way to the pristine beaches of Perth, food-and-shopping haven Taipei or bustling Tokyo. Those looking for a little plush and comfort need not look further - book your premium flatbed seats to these and many more long haul destinations from only RM1,299. This promo price is valid from now till 19 March 2023, for travel between 4 September 2023 and 9 July 2024.

AirAsia’s recently-resumed routes to China are also on sale. Fly from Kuala Lumpur to Hangzhou, Shanghai, Beijing (Daxing), Guangzhou, Shenzhen and Kunming from just RM599* one-way, from Kota Kinabalu to Guangzhou and Shenzhen from just RM299* one-way and from Johor Bahru to Guangzhou from RM469* one-way. As part of BigPay and AirAsia’s strengthened partnership, BigPay users can enjoy a further 5% off all AirAsia flights with flight code ‘AK’ for a year by using the promo code “BIGPAY5”*. For more information on this exclusive promo, please visit: https://bigpay.link/bigpayxAA5

If only you hold bond to maturity then only you will be redeemed back with the full face value.

What happen to SV bank is because the bank place customer deposits into long term US bond that pay less than 1% yield. When Federal Reserve interest hike to 4.5-4.75% too fast the short term US bond pay higher yield rate causing the long term US bond officially trade below the face value and SV bank holding billions in unrealised US long term bond loss in the book greater then shareholder capital.

When customers withdraw money the SV bank force to liquidate this long term Bond at billion in realised loss to meet withdrawal demand. The rest is history.

Jaks at multi-years new low. Must be i3lurker short Jaks so that PP can be done at 10% discount low-low price for the big boss to collect cheaply.

Someone do not know AAX and CapitalA is a PN17 company!!!

sinkalan2015 AAX to go PN17? look at the demand right now! Their recent promotion, i can't even get a single ticket to Taiwan or Japan. This year's tickets fully sold out! Just wait for the next QR

Syarikat PN17 dan GN3
List updated: 8 March 2023

PN17 Companies
AIRASIA X BERHAD
ALAM MARITIM RESOURCES BERHAD
ASIA MEDIA GROUP BERHAD
BARAKAH OFFSHORE PETROLEUM BERHAD
BERTAM ALLIANCE BERHAD
CAPITAL A BERHAD (FORMERLY KNOWN AS AIRASIA GROUP BERHAD)
COMINTEL CORPORATION BERHAD
DOLOMITE CORPORATION BERHAD (IN LIQUIDATION)
E.A.TECHNIQUE (M) BERHAD
FSBM HOLDINGS BERHAD
IQZAN HOLDING BERHAD
IREKA CORPORATION BERHAD
IVORY PROPERTIES GROUP BERHAD
JERASIA CAPITAL BERHAD
KHEE SAN BERHAD
KNM GROUP BERHAD
KONSORTIUM TRANSNASIONAL BERHAD
PERAK CORPORATION BERHAD
PHARMANIAGA BERHAD
PROPEL GLOBAL BERHAD (FORMERLY KNOWN AS DAYA MATERIALS BERHAD)
SAPURA ENERGY BERHAD
SARAWAK CABLE BERHAD
SCOMI ENERGY SERVICES BERHAD
SCOMI GROUP BERHAD
SEACERA GROUP BERHAD
SERBA DINAMIK HOLDINGS BERHAD (IN LIQUIDATION)
TOP BUILDERS CAPITAL BERHAD
GN3 Company
LAMBO GROUP BERHAD
The status of these companies are set out in the attachment below.

Part of AAX PN17 regularisation plan is debts restructure, capital reduction and 10 to 1 share consoludation follow by a renounceable rights issue of new shares to raise gross proceeds of up to RM300 million from its existing shareholders, and an issuance and allotment of new AAX shares to raise another RM200 million.

Stony did not carried out the RM 500 million capital cash call and now intent to inject CapitalA aviation with its billions in net liabilities into AAX for maybe billions of AAX share to CapitalA which will then be distributed to all the CapitalA shareholders.

So AAX will then need another round debts restructure, capital reduction, share consolidation and capical cash call again to get out of PN17.

only in Boleh Land a PN17 company with net current liabilities of RM 9,067,503,000 and total equity of negative RM 9,427,491,000 the Market Cap is still at RM 3,163 Million.

Do anyone know that CapitalA had applied and Bursa has approved a six months extension to CapitalA to fill a finalised PN17regularisation plan until July 2023?

So this time round Stony promised the detail of its PN17 regularisation plan by mid-April 2023, will he keep his promise?

All three groups of creditors of Malaysian long-haul low-cost airline AirAsia X (AAX) have agreed to a restructuring scheme that proposes to pay just 0.5%

The first class of AAX creditors includes airports, financial institutions and maintenance providers.

The second class includes engine suppliers, lessors, trade creditors, travel agents and passengers.

The final group is planemaker Airbus

The 0.5% of debt owed to each creditor will be paid from operating cash flow one year after the debt restructuring goes into effect, the airline said in the document.

AAX also proposed that if it were to garner more than 300 million ringgit in annual earnings before interest, tax, depreciation and amortisation, lease rentals and restructuring costs during its 2023-2026 financial years, all creditors except Airbus would be entitled to 20% of those earnings.

Can consider collect some when price below Philip holding cost of RM 6.49

Wait for next two quaters bad result and see whether can collect cheap cheap.

Good morning i3lurker
Tea time meat PAU with fried Suiyee Sucker Bilis and English Tea.
Joke aside, I actually wish AA can recover and be successful. Eagerly waiting to see what Stony can come up in April.

Now you know why Stony refuse to do debts restructure, capital reduction and 10 to 1 consolidation like what AAX had done. It all because foreign shareholders will chop Stony to piece and eat him for breakfast, lunch and dinner.

Just wonder why EPF cease to be substantial shareholder on 06-Feb-2020?
EMPLOYEES PROVIDENT FUND BOARD :06-Feb-2020: Notice of Person Ceasing

Another month time and wonder what Stony will pull out from his magic hat to get CapitalA out of PN17. So stay tuned.

Rishi Sunak has insisted the UK will be able to lure foreign companies despite a planned rise in corporation tax, suggesting he will face down critical Conservative MPs ahead of this week’s budget.

Despite some Tory MPs’ hostility at the planned rise to corporation tax from 19% to 25%, Sunak stressed Britain would still have the lowest level of corporation tax in the G7, and added it would remain “a fantastic place to invest to grow a business”.

Kossan boss buy Bjcorp so I buy Bjland. Anyone want to follow?

Tianchoy:
Tip one: Buy what the richman buy. I used to follow Koon-Bee stocks but lately Koon-Bee already part way.

Tip Two:
Jul 10, 2020 4:34 PM | Report Abuse
Always trust the financial statement. Only fools believed in hearsay. I hope all the investors here are smart. Anyway it is your money.

How to be rich when I always picked wrong stocks to invest.
Need tips from i3lurker and tianchoy on how to pick miltibagger stocks.

For sure bankers and lessors would not pull the plug because CapitalA is now their golden goose or slave workers working 24/7/365 days to pay them back about RM 10 billion owed with interest.
So CapitalA shareholders will be leaved with nothing for the next 10 years or maybe 20 years.

Someone did not read the news.
A week of mayhem: Two US banks collapse back-to-back, are more failures looming?

Posted by The_JQuestion > 9 hours ago | Report Abuse

debt debt debt cry on debt debt no more still crying on debt ... are u ah long ... only think of collecting debt
Bankers are smarter... they have to take risk , lose the pie or be part of the pie and push Cap A + AAX to the sky ! Both will fly , doesnt matter who first ... pick ur plane and fly anywhere !

By the way CapitaalA is in ICU with current asset of RM 2,154,295,000 and current liabilities of RM 11,221,798,000.
A net current liabilities of RM 9,067,503,000.

Just need bankers/lessors to pull the plug and CapitalA is gonee

By the way CapitaalA is in ICU with current asset of RM 2,154,295,000 and current liabilities of RM 11,221,798,000.
A net current liabilities of RM 9,067,503,000.

Just need bankers/lessors to pull the plug and CapitalA is gonee.

Someone did not read the news.
A week of mayhem: Two US banks collapse back-to-back, are more failures looming?

Posted by The_JQuestion > 9 hours ago | Report Abuse

debt debt debt cry on debt debt no more still crying on debt ... are u ah long ... only think of collecting debt
Bankers are smarter... they have to take risk , lose the pie or be part of the pie and push Cap A + AAX to the sky ! Both will fly , doesnt matter who first ... pick ur plane and fly anywhere !

I3lurker
You be careful coz both Stony, StarOf TheBull, klee and etc refused to sign as Guarantor for CapA loans so CapA cannot get any Bank Loans.
Likely they will look for ReplaceBody aka ThaiSun so might catch you and force you to PG for CapA loans

note PG can stand for Personal Guarantee and also Plead Guilty besides many others like PlayGuli inside pocket of jeans

i3lurker

sslee
you wanna takeover my menu rahmah nasi lemak business for RM10 Billion I am unwilling to part with it too but must sacrifice for the greater good of my wallet.
Likely will take a 100,000 years to issue any dividends, if at all.

Even rupiah or rupee also can consider....besides RM

I3lurker please read the payment terms. I can only print AAX and pay you in this electronic AAX share certificate.

So i3lurker,
Tomorrow all in AAX or CapitalA?

That a very brilliant idea i3lurker:
AAX will takeover CapitalA aviation business and its net liabilities of RM 9.5 billion at RM10 Billion by issuing RM 10 billion AAX share to CapitalA.
AAX Goodwill will show RM10 Billion as Goodwill. Hence both AAX and CapitalA net liabilities will now became net assets. PN17 problems solved, a win win for both AAX and CapitalA.

The problem is with Tony wait to late to do debts restructure on CapitalA.
Now with rosy air travel demand every creditors of CapitalA will demand their money back in full or else they will take back their planes and lease to some other airlines.

AAX book is much better after debts restructure, capital reduction and 10 to 1 consolidation.

But CapitalA book is shitty with net liabilities of RM 9,427,491,000.

CapitalA current quarter end 31th Dec 2023 lease liabilities:
22. Lease liabilities
The lease liabilities amounting to RM15.0 billion includes deferred aircraft leases of approximately RM2.4 billion. The lease liabilities are supported by ROU assets of RM10.2
billion and finance lease receivables of RM0.4 billion.
The Group had completed the restructuring of a total of 133 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.

So who will end up holding a bagful of multibillions debts?

Posted by klee > 28 minutes ago | Report Abuse

7chewe,frm the share price performance you can get the picture.Injection of airasia into aax minus the debts.Another magical move frm TF

You can ask klee on capitalA regularisation plan.

Posted by klee > 1 day ago | Report Abuse

7 more weeks to submit regularisation plan to bursa,8 or 9 more weeks to be out of pn17 (a certainty ).Just hold.You may see rm2.

Someone said Tony going to inject CapitalA aviation with multi-billions in liabilities into AAX on all share deal of multibillion AAX share to CapitalA. CapitalA will then out of PN17 because all the multibillion liabilities is with AAX.
CapitalA will then distribute the AAX share to CapitalA shareholders.

AAX will then need another capital reduction, share consolidation and debts restructure to get out of PN17.

The proposed disposal of M&A which is essentially a backdoor listing of M&A via SYF will enable M&A to raise its corporate profile, its future equity and debt funding requirements through the financial and capital market independently from Insas Group, expand its customer base, attract new employees from the financial services industry, and to motivate and retain existing key management staff of M&A. Post completion, we envisage improvement in the financial performance of the combined SYF/M&A group.

Currently INSAS need to support working capital for M&A broking business and keep sufficient cash reserves for M&A provision of share margin financing facilities, corporate finance and structured financing corporate advisory services such as initial public offering, acquisitions and disposals, take-overs, capital fund raising exercise, transfer of listing, general corporate finance advisory as well as placement and underwriting services.

Post backdoor listing of M&A via SYF will enable M&A to raise its corporate profile, its future equity and debt funding requirements through the financial and capital market independently from Insas Group. Hence post RTO Insas should have more than enough free cash to reward shareholders with better dividends.

Good morning i3lurker,
I am just trying to spoil someone party of misleading ignorance newbies from buying from someone who get trapped at high price and trying to unload their high price ticket to the newbies.

By stressing those Suiyee Sucker Billis and leave behind a bad taste on killing sharks mouth hopefully the sharks will just start to eat each other and my job is done.

Data and numbers just show the status, what changes is qualitative efforts which are intangible and immeasurable.

What is intangible and immeasurable is truth, integrity and reputation.
Reputation take a lifetime to build but ........ just look into Tony/AA comments page what disgusted customers said about been betrayed by Tony/AA.

“It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you'll do things differently.” Here, Buffett says that anyone's reputation can quickly take a hit and to always act with integrity

DISPOSAL OF THE ENTIRE ORDINARY SHARES AND REDEEMABLE CONVERTIBLE PREFERENCE SHARES IN M & A SECURITIES SDN BHD TO SYF RESOURCES BERHAD FOR A CONSIDERATION OF RM222,000,000 TO BE SATISFIED THROUGH THE ISSUANCE OF 1,009,090,909 NEW ORDINARY SHARES IN SYF AT AN ISSUE PRICE OF RM0.22 EACH

Good morning Philip,
It just mean not to put all eggs in one basket.

Ignorance is bliss.
Ignore at you own peril.

Covid-19 timeline.
So please do not blame covid-19 for AA 2019 financoal result.

The 2019–2020 COVID-19 outbreak in mainland China was the first wave of the disease, and was first manifested as a cluster of mysterious pneumonia cases, mostly related to the Huanan Seafood Market, in Wuhan, the capital of Hubei province. It was first reported to the local government on 27 December 2019 and published on 31 December. On 8 January 2020, a new coronavirus (SARS-CoV-2) was identified as the cause of the pneumonia by Chinese scientists.[5] By 29 January, the virus was found to have spread to all provinces of mainland China.[6][7][8]

The pseudo Malay and Malay elite actually in the name of helping local Malay but in fact help themselve to the tax payers money and become billionair while keeping majority of the Malay at B40 so that more money can be syphon to their pocket in the name of helping the Malay.

Moo said he is Malay first and Malaysian second.
Hadi said he is islam first, second and third.
So what wrong when we chinese descendant introduce ourselve to our oversea friends as Chinese Malaysian or Malaysian Chinese?

Do Mahathir know in Amerika there are white, black and yellow (eurasian, african, asian) Americans.

Do the real local Malay want us to be like Mahathir, hijacked the Malay identity just to enrich himseslf and his children?

I3lurker my Dec salarly and bonus DCI roll over many times and finally done at 4.29. This month Feb salary managed to done at 4.49.

CapitalA reported foreign exchange gain of RM207.8 million due to the appreciation of local currencies against the USD during the quarter.

So now the RM on the reverse against USD how much will CapitalA report foreign exchange loss for coming quarter?

Indeed Masochists love suffering.
AAX need 10 to 1 consolidation. CapitalA will need how many shares to 1 consolidation?

Air asia sent Malaysians to oversea and outflow of money.

Every coin has two sides. Every mountain has a valley. For every strength there is a weakness. Every up has a down. For every in there is an out. For every height there is a depth. Life itself is a mosaic of light and dark. And every human is a study in opposites, a kaleidoscope of good and bad, positive and negative, hopes and losses, dreams and disappointments, successes and failures, courage and fear, confidence and insecurity, power and vulnerability. We do not live in a homogeneous world. We live in a world of brilliant contrasts, vivid diversity, striking polarity, and eloquent disparity...a stunning array of sometimes gorgeous, sometimes glaring, always fascinating differences.
L.R. Knos

Tony Fernandes, CEO of Capital A said: “As they say, size matters! When it comes to airlines, bigger is always better so we can leverage economies of scale and pass on to our guests in the form of lower fares and delivering more value and choice. AirAsia has been a major contributor to Malaysia and Asean’s GDP. AirAsia alone contributes to more than 2% of Malaysia’s GDP. You may think that 2% is a small number but for a big country like Malaysia with GDP worth more than RM1.5 trillion, that 2% is a sizable contribution.

A 2% of RM 1.5 trillion is RM 30 billion so what is Tony talking about "AirAsia alone contributes to more than 2% of Malaysia’s GDP"?
Is that a fact or someone trying to boast about his Pxxxx size?

Jaks share of profit in JVC (2022: 2021): RM 156,190,000: RM 140,713,000.

This is for 30% equity, if take up addition 10% option then the 40% equity will increase the share of profit by another 33.33%

Someone do not know what is the top line and what is the bottom line.
For year end 2019: Top line is RM 11,964,894,000. What is the bottom line?

I think all the sifus calculation on Jaks JV Vietnam power plant earning was proven right to the spot.

What they miss out is poor management and ALP addicted to PP, RI, LTIP, yearly impairment on receivables, goodwill and all the Malaysia projects/investments badly managed till bleeding non stop.

CapitalA already miss the golden opportunity to do a debts restruccture where creditors and lessors were prepared to take a deep hair cut.