johnlim1001

johnlim1001 | Joined since 2021-06-25

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Stock

1 month ago | Report Abuse

If the RM1.369 billion "accounting magic" is taken away, the full year is losing RM836 million.
If we look at the Total Equity, it is even worse. The Total Equity is dropping RM953 million further, from -RM9516 million to -RM10469 million, RM953 million worse.

So, discounting the "accounting magic", Capital A is not making RM533 net profit, but is making a net loss of RM953 million in 2023!! This is an extremely bad result because the aviation around the world is making HUGE profit in 2023!

Stock

1 month ago | Report Abuse

Cap A Q4 2023 Result:
Total equities = -RM10.5 billion

Even look at the short term is in dire shape:
Current asset = RM2.36 billion
Current liabilities = RM14.87 billion

Even with the NASDAQ stunt, Cap A will not be able to pay off the current liabilities.

Stock

1 month ago | Report Abuse

Q4 always the best period for airlines.
Today/tomorrow we shall see if Cap A turning better or worse.

Stock

2024-01-12 14:35 | Report Abuse

NASDAQ listing? Don't dream on it. Just ask yourselves. Have you, or the people around you, ever used any service in the AA Super App? All cooked up stories just to con investors.
BigPay -> Fail
Ride -> Fail
Hotels -> Fail
Dine-in -> Fail
Transport -> Fail

Stock

2024-01-12 14:33 | Report Abuse

It's extremely amusing to see one aunty keep moving her goal post. Previously 0.88, then 0.82, then now go into cave.

Stock

2023-12-04 16:57 | Report Abuse

Capital A went into PN17 in July 2020. Based on ruling, they must complete the regularization within 12 months, but it has since extended to 41 months. All other PN17 companies would have been delisted long long time ago for failing this. Maybe someone can make a call to MACC to check if Bursa Malaysia's management received under table to keep allowing extension for Capital A.

Stock

2023-10-12 13:47 | Report Abuse

After Tony playing the same trick like what he did on AAX, forcing debtors to accept 0.5% of repayment as settlement, Capital A will be a equity positive company and can get the PN17 lifted.

Stock

2023-09-04 11:27 | Report Abuse

Current lease liabilities 5,238,802,000
Non Current Lease liabilities 14,472,833,000

To leave PN17, Capital A need to be equity positive. Currently Capital A net equity is at (RM10,204,687,000), the highest negative equity in Bursa Malaysia history for any listed company.

Deadline is approaching soon, so Capital A will have limited choice. This will be the possible way out for Capital A.
1. Stony & gang setup an intermediary company to transfer the 30-40% of the lease liabilities out of Capital A. This will erase RM7-8 billion from lease liabilities.
2. Issue a huge amount of additional shares to bring in at RM2-3 billion.

Stock

2023-08-30 13:13 | Report Abuse

https://newsroom.airasia.com/news/2018/3/1/airasia-sells-aircraft-leasing-operations-for-us118-billion
https://theedgemalaysia.com/article/big-chunk-airasia-x-debt-owed-airbus

Capital A lease liabilities is at RM19,600,000,000, mainly to BBAM and Airbus.
If Stony can somehow squeeze the ball of both to half the lease liabilities, then Capital A will be NTA positive, and get lifted the PN17 status.

Stock

2023-08-30 10:42 | Report Abuse

@SSLee, you might have already spelt out what Stony gonna do next.
1. Capital A sell Air Asia to Stony at RM1
2. Stony squeeze the ball of creditors, RM0.01 for RM10 owed.
3. Stony sell back to Capital A after a year for RM1 billion.
4. Publish a book on how to squeeze the ball of creditors.

Stock

2023-08-30 09:53 | Report Abuse

The only way for Capital A to get out of PN17 is to pump RM10 billion into the capital (via issuing new shares) but it is not possible because its current market capital only at RM4.2 billion.

Stock

2023-08-30 09:44 | Report Abuse

As at 31/12/2022:
Non current asset: RM18,158,572,000
Current asset: RM1,768,957,000
Current liabilities: (RM10,278,023,000)
Non-current liabilities: (RM19,166,464,000)
Net asset: (RM9,516,958,000)

As at 30/06/2023:
Non current asset: RM25,488,271,000
Current asset: RM2,269,900,000
Current liabilities: (RM14,208,631,000)
Non-current liabilities: (RM23,754,226,000)
Net asset: (RM10,204,687,000)

Net operating loss for the quarter = (RM235,676,000)

Conclusion:
- Business still making big losses
- NTA is in deeper shit
- No way Capital A will turn positive NTA in near future, and hence no way for Capital A to leave PN17

Stock

2023-08-30 09:24 | Report Abuse

Capital A now earns the crown of the most NEGATIVE NTA in whole Bursa Malaysia!!

Earn RM1.1 net profit, but NTA deteriorated from -RM1.47 to -RM2.01! Net asset is at NEGATIVE RM10 billion!!!

This is how creative accounting can bring them so far. At the end of the day, the NEGATIVE NTA tells the real story that Capital A is in deeper shit than a year ago.

Stock

2021-06-25 15:00 | Report Abuse

Profitable with RM153 million of cash but only RM42 million of total liabilities.
Payoff everything still have RM111 million of cash.
This is not a bankrupt company like other scam stocks.

Stock

2021-06-25 14:53 | Report Abuse

Buy support at 0.045, but scammers keep throwing it down.