Next special dividend to be declared soon around 11c per share.

Toto, no I am not saying that AA will drop on Monday.

I am wondering about the guy who dumped 9.247m shares at 3.42 during matching time at Fridat the 20th closing. It wasn't a seller on the RSS track, so he may be an investor taking money off the table for good or just for the time being. It's hard to tell.

skng74, by shorts in these instances, I meant tactical selling by those who were holding AA shares but intend to buy back later at lower prices.

It looks like people who shorted AA recently have started to buy back already.

VWAP for indicated days;

24th 3.3819
25th 3.3187
26th 3.2667
27th 3.1808

To achieve zero payout for CW52, VWAP for 30th must be 2.8519.

Say, if the VWAP on coming Monday is 3.00, the simple arithmetical average of the 5 material days' VWAPs will be 3.22962, meaning the payout amount will be 0.00987 per warrant.

I'm sure the operatives are collecting discretely in private.

At the rate the ASB is disposing HY shares currently at present price levels, it will take another 92 trading days or around 19 weeks or 4 + months to complete a full disposal of their HY holding, ie taking it into February next year.

The 3Q17 earnings report may screw their heads back in their proper places next month and convert them into buyers. If not, they may continue to sulk at this poor performing and fruitless 5 year investment of theirs and throw their shares to us at bargain prices. That we should consider as our good fortune.

Congratulations to Tony on his wedding to Chloe! Now, time for AirAsia to fly high to celebrate the occasion.

HY can convert a part of its capacity to production of higher value aromatics chemicals in future if and when demand for transportation fuels wane.

Dato Richard Wee is a scion of the Dato' Wee Kheng Chiang family of Sarawak. His father, the late Datuk Amar Wee Hood Teck and Wee Cho Yaw of Singapore are brothers. Expect something good to come out of this genesis.

I am invested in HY but a late comer with a first entry point at my highest at 8.44, haha. Eventually my first batch averaged 8.01 which I disposed with profits in the first rebound after the price tanked to below 7.00. My current holding's average of 7.90 is still high by comparison to most of you here but I am happy to hold on. My views are, fundamentally;

3Q17 TTM EPS 300c, TP 9.00 to 10.00 before earnings report, TP 10.00 to 12.00 after earnings report.

FY17 EPS 300c, TP 13.00 to 15.00 before earnings report, TP 15.00 to 18.00 after earnings report and towards the end of year 2018.

PERs are very undemanding being 4 at $12.00 (3Q17), 5 at $15.00 (FY17) and 6 at 18.00 (end of 2018 when upgrading works are nearing completion)

Maybe the market is just not ready to accept HY's current excellent fundamentals as sustainable? Maybe it needs to be satisfied that the budgeted $700m is realistic enough to upgrade the refinery to meet the new EU standards by 2018? Maybe it wants a little more time to observe how the controlling shareholder conducts business in Malaysia?

You must have patience, enough investment spirit and endure a period of risk before you find out how good the return is going to be.

The market is bigger than ASB, by far. The price movement is dictated by the market's perception and response after considering everything it knows, not what ASB did, does or will do.

AirAsia is meeting with fund managers today. There may be some renewed interest and action tomorrow and next week.

Should the price drop significantly around the opportune dividend payment time, I shall plough all of that into more AA stocks.

Only the bravehearts and those with strong conviction will enjoy maximum rewards from AA. Next bumper catalyst will be the concluding stage of AAC.

So, it is that time again for the juddering ride treatment to separate the faint hearted and those without strong faith in AA from the following throng.

Paperplane, I am touched by Choo Soo Fun's plight. I have contributed my part towards her medical bills via her HLB account online. I pray that she continues to have the will to fight for her full recovery.

If there is an Aussie fund buying in KLSE now, their interest may be AMBank which is moving today. Just a conjectural suggestion.

What's life without a dream? When the fleet size reaches 500 in number, AA will be a net cash airline and the price will be RM15.

I have held AA shares since 24th August 2015.

Chan SauWei, correction Dividends 4+12+12 =28c

newbie1111, the 12c downward adjustment of AA's price will be on the dividend ex-date, 13th Sep.

On top of the adjustment in the last dividend exercise, the price tanked a further 51c in the 2 days of the ex-date and the day after. However, that is not to say that a similar pattern will happen again this time.

Happy investing.

When EPF was a substantial shareholder of EFB in April 2010, only their internal fund managers handled their EFB shares. But as of 28 August 2017, 19.566m shares of their 5.176% holdings in EFB are being managed by four external funds.

So the big boys are in already. Hardly surprising though. Time to accumulate more again.

You can try to run him down but his success speaks volumes for him. Sure nobody is perfect. Why do you say he treats his staff poorly? I see a lot of smiling faces among the crews. Unhappy hearts do not stay but walk away. People who are not happy here would have moved on a long time ago save for the helpless ones.

I guess Tony is super confident of exceeding FY16 NP performance. What does that hint about this year's NP?

Unfair, Hengyuan reported a loss of 1,188m in FY14 followed by profits of 352m and 335m in FY25 and FY16 respectively. They started FY17 with a carried loss of 502m. So far this year, they have chalked up profits amounting to 364m. They still have 138m to go before they get their hair trimmed.

Tomorrow flying.

Revisions:

1. 2Q17 Net Profit = RM146.519 million or 4.4c ps.

2. 12c Dividend proposed for FY17.

Happy happy.

Getting stronger and stronger, happy.

Trading suspension.

The sale of AA's 50% stake in AACE gets done before AAC. It will serve as the entree before the main course AAC and how nice at PER of 19.5, much better than the 12+ I had expected. RM430 million. Expecting another special dividend of 12c this year.

Sori Raider, you were correct. I re-read the cashflow report and it was over the 6-months period.

Raider. the cash increase of RM401 is over the 3 months only of 2Q17. In 1Q17, I think there was a small reduction of cash in the Cashflow from Operating Activities.

I think 2Q17 results are pretty good, certainly not one to cry over.

Net increase in Cash and Cash Equivalents was RM401,805,000 for 2Q17 whuch is fantastic.

The following change impacts how the forex figures are treated in the accounts which affects the profit (see page 7 - note A1);

Change in functional currency from RM to USD

A company's functional currency should reflect the underlying transactions, events and conditions that are relevant to it which includes the currency of the primary economic environment in which a company generates and expends cash, the currency in which funds from financing activities are generated and the currency in which receipts from operating activities are usually retained. The Company has changed its functional currency from RM to USD with effect from 1 January 2017 following the refinancing of the Company's borrowings to entirely USD denominated loans.

The Company continues to present its condensed financial statements in Ringgit Malaysia, consistent with the requirements of Companies Act, 2016 which requires financial statements and reports to be quoted in Ringgit Malaysia. The resulting exchange differences arising from the conversion to Ringgit Malaysia presentation currency have been recognised within other comprehensive income.

ASB disposed a third time, 300,000 shares on 22.08.2017.

I am a bit slow getting started on HRC. Read up on Thursday night and it just blew my mind what a gem this is. On board now, entered higher than most of you but still confident of making big money.

Special dividend from sale of AAC this year and another special dividend from sale of a 50% share in JV company, AACOE, worth around RM270m or about 8 sen per AA share probably early 2018.

Bargain prices again with good news looming. How dysfunctional can a market get?

AAC is only a signpost, a milestone. The AA development story continues to higher successes after that.

All time high price of $4.00 reached on Oct 27 & 28 in 2011 to be challenged soon.

The main meal is AA. CWs are only the entrees and soups. McQ can skin the cat in any way they like.

I will digest the whole bait together with the hook, line and sinker. No problem.

I took the bait at 3.21 with my eyes wide open.

I shall wait for signs of market capitulation in the current sell down before accumulating more AA shares. Maybe another opportunity to buy at bargain prices again.

Reminder; 2c dividend, ex-date 28 July.

Sleeping beauty. Sleep for too long, everyone will grow old.

Must be trolls hired by the operator to create disharmony in the forum and disruption of intelligent discourses to prevent sharing of sound and proper information among forum participants.

I post below a comment by sunztzhe from the Evergreen Fibre Board thread forum which i think is happening in AirAsia as well, principle wise although products, nature of operation and operating environment differ widely.

***

Posted by sunztzhe > Jul 9, 2017 07:54 AM | Report Abuse
The most important important factor that drives up future earnings in any company is whether the controlling shareholders has a focussed strategy that adds value to the long term biz n earnings growth of the company.

Evergreen's owner operator is now executing the right strategy in reducing cost in existing product lines n investing in capex to produce n sell higher margins RTA products in the near future. The Capex investment will generate future operational cash flows which pages down gearing.

Ongoing mgt action to reduce existing production costs to improve margins n investing in capex to produce new higher margins RTA products will contribute towards revenue n higher earnings per share in future.

I have confidence that the Controlling shareholders who r owner operators will deliver higher earnings for Evergreen in not too distant future.

Welcome to the future