They have a great long term track record. Just look at the price chart. If you'd travelled with them from the early days, pre-2003, you'd be laughing all the way to the bank.

1. 4 stock splits.
2. Consistent, decent dividends.
3. Share price appreciation.

Great! However...http://www.intellecpoint.com/2012/07/how-is-padini-faring.html

I did also notice the inventory rise when looking through its accounts. How much further can this stock go?

join as director or merge, perhaps, but if someone offered to buy the company, based on its assets (as declared in financials), they would have to pay a premium to the current price ~20%.

Even then, it would be a discount to NAV. So I'm curious, are they really cooking the books?

If so, surely they wouldn't be furiously buying back shares. Surely!

not company a big deal? what do you mean nissansunny123?

Ah. Well.

Everyone is entitled to his/her views. Its a public forum, to debate/share/educate investors, and observers alike.

... and that my friends, is the beauty of the interweb.

I'm here keep on learning too. Remember.

BTW This AirAsia thing has got a good long more way to go. Maybe when this thread hits 20,000+ comments? lol

Companies with much much less have shared so much more...

What the hell is this company doing with so much cash? Planning for WW3? Why has it been so stingy with dividends in the past?

How amusing...

In India, all the locals are concerned about AirAsia.

Meanwhile in Malaysia...some unheard of, new player Malindo is causing all the fuss.

Hmmm....

Low-Cost Airline Joins the Dogfight for Indian Skies (Bloomberg)
By Chandrahas Choudhury Mar 1, 2013 6:52 AM GMT+0800

The five main players in Indian domestic aviation braced for a strong challenge last week after the thriving low-cost airline AirAsia Bhd. announced that it was entering the market. AirAsia hopes to start operations later this year in a joint venture with two Indian partners, including the behemoth Tata Group.

In September 2012, in a bid to attract investment, the Indian government relaxed restrictions on the entry of foreign capital. Aviation was one of the sectors opened up, with the government allowing foreign airlines to invest up to 49 percent in domestic carriers. But it took five months before the first move was made by Tony Fernandes, the chief executive officer of AirAsia.

Bloomberg News reported last week:
Southeast Asia’s biggest low-cost airline will own 49 percent of the venture. Tata Sons Ltd., the holding company of India’s biggest business group, will control 30 percent, while the balance will be owned by Arun Bhatia, whose son is married to the daughter of billionaire Lakshmi Mittal....

Partnering with the $100 billion conglomerate, which controls Corus Plc and Jaguar Land Rover, will help AirAsia gain a foothold in a market that’s set to triple to 159 million passengers annually by 2021...

AirAsia plans to invest as much as $60 million initially in the venture, Fernandes said. India is the world's fastest-growing aviation market. Domestic traffic increased fivefold in the last decade -- after decades of stagnation in the quagmire of the near-monopoly enjoyed by the state-owned national airline, Air India Ltd.

But high fuel prices and operating costs have also made it one of the most challenging aviation markets. Last year, Indian airlines posted combined losses of $2 billion. One company, Kingfisher Airlines Ltd., more or less went under in the last quarter of 2012, leading to a steep rise in domestic air fares as demand increased relative to supply. Air India survives by leaching billions of rupees from taxpayers, thereby eating into the business of the more tightly run private operations.

Nevertheless, forecasts for the industry remain upbeat. Airbus SAS expects traffic to rise at a compounded annual growth rate of almost 10 percent for the next two decades.

Fernandes, a Malaysian of Indian origin, took over AirAsia in 2001, and in just over a decade he's turned it into Asia's largest budget airline and one of its most profitable. AirAsia began with just two aircraft; it now has 118 and more than 350 on order. The airline began international operations out of India in 2008 with flights from nine cities to other Asian destinations, but it has since scaled back and operates mostly out of the south.

The new joint venture would allow AirAsia to re-enter the Indian market in a much more ambitious way, backed by Indian capital and business know-how. Further, the Tata brand enjoys great goodwill among Indian consumers, and has a link to Indian aviation that predates that of any other operation. The group founded Air India in the 1930s, but then lost control of the airline when it was nationalized in 1953, after independence.

The arrival of a powerful new competitor in India's domestic sector was seen in some quarters as a sign that the industry would remain depressed in the short-term, with airlines forced into fare wars to hold on to market share. There were also debates about whether the new airline would aim to increase the size of the pie by starting new routes linking smaller towns and cities. G.R. Gopinath, the founder of India's first budget carrier, Air Deccan, welcomed the development, saying that the existing players in the market had failed to expand the consumer base sufficiently.

continue at http://www.bloomberg.com/news/2013-02-28/low-cost-airline-joins-the-dogfight-for-indian-skies.html

@MalaysianKerbau I really could be wrong on that 100% Equity thing. There could be other shareholders. I'm not certain, unless I could go through the whole preliminary prospectus for AirAsia X IPO.

http://www.sc.com.my/main.asp?pageid=1230&menuid=&newsid=&linkid=&type=

Which would take some time. But all the files have been removed. Does anyone have copies? Please?

ft.com > markets >
beyondbrics

Though AirAsia’s flamboyant chief executive, Tony Fernandes, seemed to have taken it for granted, it’s a groundbreaking decision for the industry.

The joint venture between AirAsia, the Malaysia-based budget airline, and Indian conglomerate, Tata Sons, has been approved by India’s Foreign Investment Promotion Board.

Government officials gave the deal the green light, announcing that the initial investment would be a fairly small Rs800m ($14.63m). AirAsia must now approach the Directorate General of Civil Aviation and the aviation authority to secure a licence. But, with the board’s clearance, it’s unlikely there will be any obstacles ahead.

The decision, announced on Wednesday, provides an important piece of clarification on September’s reforms, where the Indian government raised the cap on FDI into the aviation industry from 24 per cent to 49 per cent.

This joint venture, the first foray into India’s airline sector since the cap was raised, involved a complication. Speaking to NDTV this morning, India’s aviation minister, Ajit Singh was expecting “some procedural problems” when the board met.

The question was: did September’s reforms apply only to investment in existing Indian airlines? Or new carriers too?

The Ministry of Commerce and Industry’s wording seemed to suggest the former:

The Government of India has reviewed the position in this regard and decided to permit foreign airlines also to invest, in the capital of Indian companies, operating scheduled and nonscheduled air transport services, up to the limit of 49% of their paid-up capital.

It was a logical view. The primary goal of liberalisation was to provide the funding needed by India’s troubled existing carriers. It wasn’t aiming to spawn new airlines, which will simply add competition in an industry already hampered by high fuel costs, increasingly expensive airport charges, and repeated price wars that have left players with heavy debts.

But Wednesday’s decision confirms the FDI policy does apply to new carriers as well.

This is news to the industry but not to Fernandes – who was counting his chickens ahead of Wednesday’s announcement. His regular tweets suggest he had already begun recruitment for the new airline. He said on Tuesday:

The talent pool in India is amazing. Candidates we are seeing that are being sourced by our Indian partners is stunning.
Mar 5, 2013 1:05pm via UberSocial for BlackBerryReplyRetweetFavorite
@tonyfernandes

Tony Fernandes
He had even selected a chief executive:

I have selected our CEO for Airasia India. Very smart boy from the south, madras. An amazing CV. Will impress all ... http://t.co/Q9QgINkqDJ
Mar 5, 2013 7:27am via UberSocial for BlackBerryReplyRetweetFavorite
@tonyfernandes
Tony Fernandes

Analysts say that, even if the board decided the regulation didn’t apply to new airlines, the deal wouldn’t have been scuppered. Tata Sons could have secured an aviation licence and then brought AirAsia on board, getting around the problem. Ahead of the decision, Jasdeep Walia, an analyst at Kotak Securities, told beyondbrics: “It has not started yet, there is nothing stopping AirAsia from structuring the venture in a way that satisfies the board.”

So, the decision wasn’t crucial to the deal – it just makes things easier. But there will be one man standing on the sidelines who isn’t happy with the news. And that’s Vijay Mallya, who is watching the powerful Tata lap up FDI, while he struggles to raise funding for his grounded Kingfisher Airlines.

@dagreat - From Dividend.com

What does the Ex-dividend Date mean?
The ex-dividend date is the day on which all shares bought and sold no longer come attached with the right to be paid the most recently declared dividend. This is an important date for any company that has many stockholders, including those that trade on exchanges, as it makes reconciliation of who is to be paid the dividend easier. It is just as important for investors, however, since you must own a stock before the ex-dividend date in order to receive the next scheduled dividend.

Prior to this date, the stock is said to be cum dividend ("with dividend"): existing holders of the stock and anyone who buys it will receive the dividend, whereas any holders selling the stock lose their right to the dividend. On and after this date the stock becomes ex dividend ("without dividend"): existing holders of the stock will receive the dividend even if they now sell the stock, whereas anyone who now buys the stock now will not receive the dividend.

A Note on Dividend "Capture"
It is standard practice for a stock's price to decrease on the ex-dividend date by an amount roughly equal to the dividend paid. This reflects the decrease in the company's assets resulting from the declaration of the dividend, and prevents people from "gaming" the dividend system. The company does not take any explicit action to adjust its stock price; in an efficient market, buyers and sellers will automatically price this in.

One investing strategy, called "dividend capture," refers to an attempt to collect the dividend and immediately sell the stock. In a strong bull market, where stock prices are consistently climbing, this strategy can work very well. Otherwise, it is extremely difficult to time and can actually result in the investor losing money more often than not. To be clear, it is not a strategy we advocate here on Dividend.com.

@millionaire sorry - i meant a person with a net worth of a million plus $ - not you specifically ( who knows - you may have much more, right?) lol

@MalaysianKerbau - As per Page 14 of the latest QRCFS

21. Material related party transactions
Details of the relationship and transactions between AirAsia and its related parties are as described below. The related party transactions described were carried out on the terms and conditions obtainable in transactions with unrelated parties unless otherwise stated.

Name of company Relationship
Thai AirAsia An associate of the Company
PT Indonesia AirAsia An associate of the Company
AirAsia X Sdn. Bhd. An investment with common shareholders and
directors of the Company
AirAsia Inc (Philippines) An associate of the Company
AirAsia Japan Co. Ltd An associate of the Company
Asian Aviation Centre of Excellence
Sdn Bhd A jointly controlled entity of the Company

INVESTMENT = 100% Equity
ASSOCIATE = 49% or less Equity

I could be wrong. Don't quote me on it. lol

TUNE GROUP = Holding Company for everything -UNLISTED

On page 81, as you can see in Bullbears post:

Posted by BullBear > Mar 8, 2013 02:47 PM | Report Abuse X
Latest Shareholder's Interest dated 08/03/2013

As at 07/03/2013 - Total held by EPF: 221,612,800 = 7.97%
As at 25/09/2012 - Total held by EPF: 273,585,900 units = 9.84%

As at 07/03/2013 - Total held by Tune: 710,931,282 units = 25.57%
As at 24/09/2012 - Total held by Tune: 642,901,282 units = 23.14%

Note whilst EPF has been selling, Tune Group has been buying stock to the "TUNE" of 2.43% of issued stock (simple math 25.57 - 23.14). I'm surprised such an intelligent fellow missed this small detail.

Why not Formosa Prosonic, its subsidiary. Pays 7 sen. Currently .775. Price wise not much movement. Has been in a range of .65-80 sen for the last 52 weeks.

Okay maybe V Tan, AK, Kuok or the other billionaires I haven't mentioned. But again, they have other fish to fry.

@MalaysianKerbau I doubt BullBear, millionaire, pension fund, would be wasting their time on a retail investor forum. Or have the ability to affect the share price.

Bear in mind AA mt.cap is 8.3 BN ringgit.

1 million shares = 3 million ringgit
10 million shares = 30 million ringgit
100 million shares = 300 million ringgit

Shares Issued: 2,779,906,580 (2.779 BILLION)
Mkt. Cap: 8,311,920,674 (8.311 BILLION)

Come at me bro!

Thank you. Thats all I'm saying on the matter. Continue your time-wasting posts.

@Bullbear I've got two functioning eyes and ears and a brain. And I use them as best I can to derive some Common Sense.

@Bullbear You're thinking like a retail investor. You've got to start thinking like a Pension Fund. How else is KWSP going to pay fat returns ~6% to its members on a yearly basis if it doesn't have CASH?

You can't hold just stock if you have to pay your members cash payouts, on semi-regular basis.

And the EPF isn't the model fund BTW. They still have holdings in MAS, KNM, DRB-HICOM. Why didn't they sell then huh?

I'm sure you must be dying to buy into these companies Bullbear.

FYI - I do my own research. I don't give a F what some guy in Merrill Lynch is saying when the financial reports are printed quarterly on Bursa for all to read. I'm sure you were still reading their reports and watching CNBC for your investment advice in 2008.

@sephiroth Absolutely right on! I didn't see your post as it was on the bottom of page 3. On the money son! This company is really just a Selangor Landbank (freehold) + Cash. What a Dream!

This share is worth 1.50. (Assets - Liabilities)/Shares issued = 1.51. If they propose a buyout, then at least 1.50. Directors would be negligent to propose otherwise.

Just look at the balance sheet. That is one sexy balance sheet. Thats why the company is buying back its own shares EVERY DAY.

And I must add. SHOUTS out to GP for:

Great customer support. At least you guys have a HOTLINE. And support centres/branches around Malaysia.

YTL/YES has a S**Tload of money, yet had only 2 branches and NO SUPPORT LINE.

YTL/YES Were selling faulty modems, with batteries that expanded/failed. And then forced customers to buy new ones. I know.

This is why I originally switched to P1.

I'm really not sure about buying this stock.

1. I respect their management for trying hard in a super-competitive environment. I respect and REALLY want to support true-blue Malaysian enterprise.

2. Respect due for increasing competition and providing a service where there is none. (I should know, I live in Shah Alam - not supported by Uni-Fi). Forced to use wireless services.

3. As a user, I like the larger data cap (25GB). Better then YES, ripping me off with a 10GB cap.

4. @eftee Agreed! I dislike the unreliability of service. I need the internet for work and constantly get cut off at peak times. This is not acceptable. When it works, its decent, for what it is.

5. Maxis is offering LTE. Its 25X faster. Goddamn son! Who needs Uni-Fi!

6. If GP wants to compete, they'd better start offering LTE soon, or I'm going to switch when my contract is up.

@Namoyaki Takarajima and Mat C

Take your profits, by all means, if you bought 100,000-1mil shares @ 2.65.

And miss out on Dividends. Great advice guys. I'm not in your league. Sorry

Man I can't wait for this share to head back up to 4.00. Price action should really mirror, even exceed easyJet. Have you seen their share price chart?

http://markets.ft.com/research/Markets/Tearsheets/Summary?s=EZJ:LSE

And they have higher wages, costs being in Europe and NO FRANCHISE. What gives?

October 2012

Tune Group chief Tony Fernandes says listing is on his mind

Maiden flight: AirAsia Japan CEO Kazuyuki Iwakata (left) and Fernandes at the press conference in conjunction with AirAsia Japan’s inaugural flight from Tokyo to Busan. Fernandes also launched ticket sales for the Tokyo-Busan route.
By B.K. SIDHU

bksidhu@thestar.com.my

BUSAN: The initial public offering (IPO) fervour surrounding maverick businessman Tan Sri Tony Fernandes continues now he is considering to float the Tune Group.

When asked about the possibility of such a listing, Fernandes said: “There are no immediate plans but this certainly is an interesting thought. I t has a fantastic collection of interrelated companies although it is not a conglomerate. Tune Group is all about low-cost businesses .”

“The i dea has certainly crossed my mind as it is a logical move to take it public as a group that has a reach across Asean. Actually, I just sent an email out for them (the management team) to look at the numbers. That said, I have many ideas running through my mind all the time,” he said.

Fernandes was speakin g to reporters at an event to mark AirAsia Ja pan's inaugural flight from Tokyo to Busan. Fernandes' statements come a day after reports state d that he and business partner Datuk Kamarudin Meranun were planning for three listings for 2013, that would raise more than RM1.5 bil.

The companies are Tune Insurance Malaysia Bhd, AirAsiaX Sdn Bhd and AirAsia Indonesia.

Reports indicated that Tune Insurance would be spun off via an IPO with a market capitalisation of close to RM800mil. Tune Insurance had acquired almost 80% equity in Maika Holdings Bhd's general insurance arm Oriental Capital Assurance Bhd for RM151.91mil.

As for AirAsiaX, the group's long-haul arm, investment banks CIMB, Maybank and Credit Suisse had been hired to carry out the RM766mil IPO next year, reports have indicated.

Tune Group is also looking at listing its Indonesian operations by the first quarter of next year in a deal that could raise over RM600mil.

Fernandes confirmed that the three IPOs were being planned for next year bu t declined to provide valuation figures.

Tune Group's possible IPO would have a fair share of interest but a lso detractors, considering the varied businesses it encompasses ranging from financial services to airlines, hotels and telecommunications (Tune Mobile).

“It is an interesting proposition, but it may suffer a conglomerate discount. Then again, there is one underlying theme in all these businesses, which is the low-cost model caters to the mass market. That may make the numbers interesting,” said one investment banker.

Yesterday, Fernandes also launched ticket sales for the Tokyo-Busan route operated by AirAsia Japan.

@prc4wifefe I with you. All the way to the bank. Thank you AA for a fat dividend (that you probably cannot afford to pay) but are paying anyway because you can raise new capital from a seemingly unlimited number of IPO's hahaha...

@mogul88 it seems to me that you haven't taken the time to go through the financial report, and the earlier links I've posted. Please do so before posting/regurgitating the same old stuff. Bring something new to the table, unlike Malindo.

If you have some concrete evidence of fraud, or mismanagement, or improprieties/fraud in the accounts, I'll be more than happy to apologise.

If you're speculating/trading this counter actively you deserve to take losses, because its trading sideways, and downward. And you cannot short stocks in Malaysia. If you want to trade both ways then open a Forex account or a brokerage account with Interactive Brokers.

@mogul88 I hear you. You're absolutely right. Probably more profitable businesses to get into right? I'm sure there are other more Dividend/high margin/low gearing counters like Tasek, Formosa Prosonic, Uchi, Nestle, KLK, etc....

But we're talking airlines, more specifically AirAsia here. All airlines are in the same boat. It IS a high gearing/low margin/competitive business. As you say. Correctly. Thats just the nature of the airline inductry. Just like the construction industry. Tell me which construction counter is flying right now (except Crescendo).

Also, I'm not saying that the share price is not going to go down some more before it goes up. No. I'm looking to hold my position, and add small amounts. I'm not looking to actively trade this counter.

My point, which I will reiterate again. Its been 12 years. Why would AirAisa, all of a sudden, now, be facing troubles because of 1 more new player. Why not discuss all the other budget airline too? Scoot, Tiger, Firefly, JetStar et. al.

Malindo is only competing on one sector Malaysia/Indonesia. What about China/Australia/Phillipines/India/Japan. AirAsia has more other sectors/revenue streams than just Indonesia/Malaysia.

And lastly, AirAsia has had to do this in a hostile environment, hostile government, incompetent MAHB, and running ther operations out of a CARGO terminal.

What country in this world would permit milllions of tourists/passengers to utilise a CARGO terminal, like animals. I felt bloody embarrassed picking my friends up from New Zealand I tell you. Only in Malaysia eh?

Bear in mind all this is just academic. It has no reflection on what the market may or may not do. MANAGE YOUR POSITION SIZE/RISK.

Should say the Trend is everyone's enemy (who participated in the IPO that is).

This stock seriously is one for the Technical Analysts. "The trend is your friend", except no-one can short stocks in Malaysia except Bursa PO's (as long as it is squared up by the end of the day).

Whats up with this counter???

I looked at the accounts and doesn't seem to anything too bad. I'm not CPA, so might be missing something.

Anybody know an accountant?

They have about 5 million + shares in treasury. Not bad.

Very similar pattern to my other investment - INCKEN. That company (actually only landbank 450m + cashbank 250m + zero debt) now has 16+ million share in treasury and is STILL buying back shares from the open market every day.

Guys. To give you piece of mind:

http://www.bursamalaysia.com/market/listed-companies/company-announcements/#/?category=SB&sub_category=all&alphabetical=All&company=7668

At least the company is buying back shares @ 2.25.

Come on Folks. You guys are going to need to work harder to convince me that Malindo/Lion sounds the death kneel for AirAisa.

Is there something I'm missing in the Financial reports? What is it? Something concrete. Not Plan to, Will announce, Aiming for, etc... I can also promise the Sky (pun intended)

I reckon they've hedged their bets nicely. Even if MAHB (on a different topic) had completely F-Up the KLIA2 project, Tony & Co, could have setup base elsewhere, with the whole de-regulations etc...

I left out AirAsia X. How forgetful. There's an extra US$250m (without the associated financing cost).

AirAsia X, the long-haul arm of Asia's biggest budget carrier, is weighing the timing for a planned initial public offering that may help it raise about US$250m, as Malaysia prepares for general elections. "We don't have a specific date yet for the general elections," CEO Azran Osman-Rani said, "We are going to be guided by the investment bank advisers whether or not it's really an issue or whether it's been priced in." The five-year-old airline plans to use the IPO proceeds to boost its fleet, add flights and destinations, according to Azran. An IPO by AirAsia X would be the second of three proposed listings by affiliates of AirAsia as the Malaysian group raises funds to accelerate expansion. The listing document, filed in November, is being resubmitted to include earnings for the six months through December, Azran said. (BT)

I have yet to see ANY others run with this model. Correct me if I'm wrong.

@millionaire. Aiming. Plan to. Buy in stages. -> Future Tense

Both AA and Lion Air have placed large orders. However. Lion Air does not have a franchise model. And the ability to list/sell its stakes in its associates to raise further capital and buy more planes.

AA has only listed AA Thai. There has not been any announcement for listing its Indonesian, Phillipine, Japanese or Indian (in future) operations.

You might want to take a look at the latest report (instead of relying on Bernama).

Quarterly rpt on consolidated results for the financial period ended 31/12/2012

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1209217

Note the increase in value in its stake in AA Thai.

The franchise model also spreads the risk around. AA only takes a 49% stake. Its shares the financial risk/burden with locals in India, China, Phillipines, Indonesia.

http://en.wikipedia.org/wiki/List_of_defunct_airlines_of_Asia

Scroll down to Indonesia. Note the number that went bust during the period AA has been in business. Not to mention all the other ones, in all the other countries.

The last I checked China Southern was the largest. How long have they been flying into China for now?

1. China Southern
2. China Eastern
3. China Airlines

Please enlighten me as to how Malindo is going to make money against all the OTHER competition.

AA is NOT the only other airline. I really don't get it. Please. I would really, honestly like to know.

Starting a budget airline seems a really great way to waste a S**Tload of money. Or just launder a S**Tload of money.

http://en.wikipedia.org/wiki/List_of_largest_airlines_in_Asia

AA is number 9 on that list. Shouldn't it be the other airlines, higher up on that list being worried?

With the exception of Lion Air, Malindo's partner (just like SIA/Tiger, MAS/Firefly, Quantas/Jetstar).

As I said before. What are they going to do different? Reminds me of this Dr. Dre track (Been there. Done that)

http://www.youtube.com/watch?v=3jMMsdzLoNc

12 YEARS. Intense competition. High oil prices. Low margins. Still profitable. Still growing. Dividends. Seamless execution of corporate vision, mission and strategy.

What else could I ask for as a shareholder. Or any for that matter.

I still don't get it.

Its been 12 YEARS. People have been writing AA's obituary since the Malaysian Gov sold AA to Tony as a joke in Sept 2001 for RM1 + Debt (2 planes).

Singapore Airline(SIA), Tiger, Malaysian Airlines, Virgin, Jetstar, Scoot, Firefly, SpiceJet, Virgin Pacific, Pacific Blue, Garuda, Emirates, Ethihad, China Airways... and the list goes on. COMPETE. Every Day.

Malindo is just another in a long LONG line.

So what? Life goes on. As per usual. Just as it has for the last 12 YEARS.

BTW They'll also be competing with:
1.AA Indonesia
2.AA Thailand
3.AA Phillipines
4.AA Japan
5.AA India (very soon)

Good luck.

Ummmm Bullbear:

What is 1,2 10 Millions shares?

From the Financial Times:

Shares outstanding 2.78BN (BILLION)
Free float 1.83bn (BILLION)
P/E (TTM) 4.93 <- CRAZY
Market cap 8.15bn MYR
EPS (TTM) 0.5948 MYR

A Big SHOUT_OUT going to Malindo for:

1. Causing AirAsia's price to come down (so I can buy)

2. For causing AirAsia to take notice of its shareholders and pay a FAT DIVIDEND!

3. CHEAPER AIRFARES!

WIN-WIN-WIN

Maybe Malindo's secret weapon is Sexy Topless Taiwanese or Korean K-pop, J-pop Superstars playing sexy air-stewardess. Or maybe time-travel?

I don't know. But I was kicking myself for not buying when the share price was 4.00. And I sure as hell am not going to pass up this buying opportunity. (With a welcome on-board Dividend of 18 sen, plus maybe another 6 sen in June). Awesome possum!

1. What's cheaper than *free* (if you get in early enough) mogul88? Pray tell.

2. Who do you think is going to be able to survive a price war?

3. Did someone say price war? Cheaper airfares? BRING IT ON!!!

4. Tiger (SIA), MAS, Quantas, Virgin etc etc. have all tried. What is Malindo going to bring to the table? Teleportation?

PS I do hope AirAsia's stock price drops a bit further because I really want more. I'm planning holding until 2027 (if we still use airplanes).