The but.... The nevertheless...


Another big drop... market is seeing thing very differently.. with good reasons.. with drying liquidity


This is a clear warning to those who have a fetish on companies with prices with deep discounts to their NTA

Ya in short GLB is cashing out; realising a very very big part of its RNTA of 3.01 per share


But.... nevertheless...

Without going into the details.... First impression is...


What the hell is the whole idea?? So many companies and lands involved and looks like pretty troublesome.... but profit only 15.23m and later have to tie up the loose end of PN 17 bla bla... no wonder dropped 16%...


Profit only 15.23m... what... the management very tired of running the group already is it?? Surendder??

Macquarie expects RM:USD to be 3.98 by SEP

Now even local analyst are putting 4.00 to happend within next few months to DEC as a possiblity...

Calvin comes lately...

In Armada for Pengerang?

Then surely you have to inform your grandkids of your holding in BJCorp..

At this juncture... suppose there is no need to show them a pic of VT though..


HaHa just kidding la... I am bored

By the way... do keep an eye on Afren the big operator in Nigeria


r°Moi has been having vision.. not so pleasant vision.. of it everytime she closes her eyes during facials

Want to is one thing...

Able to or not is quite another....


Unless and untill OPEC has made peace and sat down with the shale fackers to discuss on how to divide the wolrd among themselves... it would be difficult for oil price to be USD 80 in the timeline it has stated


This USD 80 talk is more likely OPECs bait to lull the fackers to restart their rigs... or to hold on a little longer than they should .. as such.. pile up their costs further.... and then... BAM!!!! to do them in a second time with USD 50 and finish them off for a long time to come..

...best manure for d field r d mgrs footprints!!!


Ring is like one author on oil palm estates that I like to read in one of the local weekly newspapers... freaking insightful.. Like

AGM--select a date where all your enemy cannot attend. EGM ---a date where All your friends
can attend.


HaHaHa.....

Everybody says aye..

AYE!!!!!

Everybody says aye..

AYE!!!!

Good reasoning... thekingfish

Dear murali duit.. got it got it too.. fight fight fight ; )

O... thanks murali


HaHa on the otherhand dont take what I said on being gung ho too seriously... just want people to stop and gauge their guts only

Well if you remain gung ho... people are.. leaving bonds... leaving equities... leaving commodities... cash is king


When people do cash in kong... your once in a lifetime opportunity to do a Peter Lim maybe near.. standby.. don't you go chicken out now...

Dare or not??

1998: US$10 million.... that was how many % of his total wealth then???

If it only comprised like below 10% of his total wealth then it has been a calculated risk then..

So dont you go too gung ho on risk taking after reading this article...

12 years.....

AirAsia which easily has the highest foreign shareholding has been hit....


Question is will BursaM be spared?

So... 1Q15 result with the effect of the much hyped Indon mishap is out and is betrer than most have expected but price is still low... 1Q15 result is the wrong tree to bark at la


This is the real deal...

Macquarie has forecast RM vs USD will be 3.98 by September.... Another someone which I can't remember the name 4.00 by year end...

Well hopefully wont go to 3.98... pray hard


But... now... RM:USD 3.76... liao

Smart money Mat Salleh left liao... and still leaving.... no letting up



Complicated... AirAsia complicated... too many moving parts..



Posted by r°Moi > Apr 20, 2015 05:31 PM | Report Abuse

What I am saying is whether good or bad the foreign funds are not waiting for the Q1 results... they havr other consideration


Posted by r°Moi > Apr 20, 2015 05:39 PM | Report Abuse

What I am saying is the low jet fuel price is valid and sound

But you ikan bilis... too bad... is just no match for the foreign funds who are playing the weakening RM play

Look like a lot of people are invested in AirAsia for long time.. knew about the RM 500 voucher and attended the AGM...

Newbie like me has no idea... : (

See any Mat Salleh or not???

GoodCompanies

My goodness... now you have gone and confused the whole street!

To avoid.. Now everybody is confused

Better sit down and do a comprehension write up on AirAsia... I know you have the knowledge.. take your time..

By the way... the last I read... the company which will Buy and Lease back will belong to AirAsia too... and Tony has the intention to list it too

If like only all of 2 mat salleh means no good lo... 1 new Norway fella and one more from Wellingtons... the rest either left or not bother anymore as they are leaving... : (

O..... you went?? No door gift doesn't mean company is not doing well ya... it doesn't work like that ; )


So did you see more than 2 mat salleh??

AirAsia 10am this morning...

See any mat salleh or not?

Nobody went for the AGM ka?

What is the door gift?? ; )

I have posted that...


- AirAsia will benefit from low jet fuel....

TRUE... This is plain to see.. even for someone with tiny brain


- The unrealised FX loss doesn't matter... inconsequential

TRUE.... After being hit by such huge huge huge unrealised FX losses in last and also this quarter... Do you see Tony sweating in AirAsia like he is sweating in AAX? Do you see AirAsia on its knees because of cash flows problems due to these losses? Hell AirAsia has paid bonus to its staff and even dividend too


- The airplanes are a natural hedge to the long terms USD loans taken to buy them

TRUE


- Sell and lease back is good

TRUE


All truths

And.... you dont see me post a lot here in OSK... .; ))))))

SinGor

Afterward... on hindsight... on hindsight : )

But it was real you know... if the USD hedging has been so so it would have been a huge -tive bottom line

Never mind that the cause is an inconsequential unrealised FX loss from very long terms loans.. people would get confused and sellllllll....mindlessly .. violently


By the way.. I only post a lot when people don't see things my way... if the investment is good the minute I put my money in.. not a word from me...

IMDB... the out of no where.. suddenly a big macro risk...

Well... at least now the risk of cross defaults is avoided

shy.. shy...

Hope so Hope so...........

: )

looking good...

have to wait for plantation la

The a bit of hope from 11MP play also cant help la

take care la

plantation again....

core business ok la.... other income less this time

interest cost also high

shit company will be shit company...

Started by mongering and capitalising on GST fear

Ending with the successful submission of 1st GST 03 form easily by this month?? No??

If you vaguely understand AirAsia.... you will know 2Q15 onwards AirAsia will be fabulous..... FABULOUS!!

If you truly understand AirAsia.... you will know 2Q15 onwards AirAsia will be fabulous..... FABULOUS!!

From the most pessimistic of them IBs....



Maintain BUY.

We reiterate our BUY call with a lower MYR2.93 TP(from MYR3.45) following the earnings cut. Our TP is still based on 12x FY15 P/E, in line with the regional low-cost peers.


Valuation remains attractive at 8.5x FY15 P/E, with a dividend yield of 3.2%.

8.5x only




http://klse.i3investor.com/blogs/rhb/77583.jsp

shareprofit...


cut the story short and easy to under for you la.... HLBs TP 3.11

For those who don't get it..... yes yes there is a very very huge FX loss.... feel free to panic sell

spareprofit..... dont you go crack your head la.... moron like you will never get it....



But... I know for sure smart solarcell understood....


r°Moi Going by what is happening in the other side... and if my still half asleep and not even using a calculator calculation can be relied upon.... AirAsias unrealised FX loss is gonna be around 800m...

Feel free to panic sell
28/05/2015 07:51



solarcell it will be around 647m
28/05/2015 08:41

shareprofit... if you are not owning tens of thousands.. or hundreds of thousands... of AirAsia.. can you freaking step aside... ok!


shareprofit yoy bloody moron... you know nut.. bet you haven't a clue actually AirAsia has done extremely well in managing its USD FX exposure this time....


Knew you have a small little brain... but try to see if you can follow this....


Per the 1Q results...

AirAsia's Borrowings and debt securities At 31/3/2015 mostly in USD...

Current 2,386,678,000
Non-current 10,756,992,000
Total Debt 13,143,670,000

And....

AAX's USD Borrowings At 31/3/2015. . 1,490,142,000.....

AAX's Unrealised foreign exchange loss on Borrowings was 89,249,000


As you can see.. AirAsia's USD borrowings were 10 X that of AAXs... if it has not done well managing its USD FX exposure... its FX loss would have been the same like AAXs... and its unrealised FX loss would have been 892,490,000 ie 10 X 89,249,000 of AAXs

Now it is just 350m... Moron... you freaking follow or not??


AirAsia USD hedging has made a gain or a saving in FX loss of 540m (890 - 350) this quarter


Moron claims it has been gambled away..

AirAsia is very good at hedging its USD exposure now.... only the very long term as such inconsequential USD loans is not covered and rightly so ...


In the first place the FX loss is unrealised if you understand what it means

Good night...


TP 3.11


sleep well

Cut the short story even shorter...... TP 3.11 BUY

Conclusion:


HLBs TP 3.11.... 3.11... 3.11

HLBs TP 3.11