Secrecy since you are there, was AAC mentioned directly? Is it progressing as planned?

under RM3 I will consider to go back in..

Sifu icon, i think AAC sale is on. I heard it was mentioned in AGM. Could be profit taking and jitters yesterday and soft core 1Q 17.

Too volatile for me. Good luck guys. Great run so far...AAC seems to be still on with no issues..

supersaiyan, I believe what you said is true. Results wont be terrible but might miss consensus. It is losing steam due to AAC being delayed and no forthcoming news. I am looking to re-enter but at what level is key..

More convinced now its a bad 1Q 17 but I believe they can turn it around with the other 3 quarters. AAC should still be ok...

He mentioned a few things in twitter. He could say ÄAC on track"...

Why no AAC mention?

Supermx2, your perdictions are as good as saying that it will rain someday this year.

You ask him its enough to agak..very hard to hide it now if its off...

The more I think about it, the more I feel it could also be due to poor results that are not terrible but perhaps miss consensus estimates that may cause analysts need to re-adjust their TP based on yearly EPS. Why i think like this? It's due to AAX profit taking is near 15% whilst AA is about 10% today. If it is down to AAC then it would be a coincidence that AAX is sold off due to bad results and AA is sold off due to cancellation of AAC. I think it is also possible that both are sold off due to poor results and since there is no news on AAC to sustain a hold, BB sold off first pending AAC. If this is true then it would mean they will re-work TP without AAC and then work TP with AAC but might only buy in back once there is more news on AAC, Those who hold may get a ride back up if AAC is confirmed during AGM then we will have a V recovery.

lol i have been trading for a decade and I can honestly say that even i got caught out this time. There was so much promise and even now us outsiders are still scratching our heads to figure it out although we have our suspicions. It was 1-2 days sudden exodus that rarely happens to a stock that is seemingly in a great fundamental position. I do still wish to get back in when things become more clear but as I was at the point of half of my profit eroded (I stubbornly held on and failed to cut profit earlier due to too much confidence in it) I had to sell as I have too much to lose. In the end im still grateful for what Ive earned as most ppl wont even earn that in a year working a corporate job so I dont have bad feelings. Lesson i learnt is dont trust corporate news too much, if its delayed and price is right already....take profit as there is no guarantee even if it is seemingly certain. Icon sifu timed it to perfection..thats something you cant teach which is experience thats why I always respect the opinions of those seasoned guys like icon.

@RM best of luck. Hope it rebounds well tomorrow for you.

Just a hypothesis and theory. China capital controls put a halt to AAC sale. Non-china bids were not satisfactory. They decided to inject the planes into viet, cambodia and china JVs...

Bitter pill to swallow...i sold all and cut my profit in half. Next time i will be less greedy. My mistake but atleast money earned and not lost. I wish you all the best guys. I hope it rebounds and you do better than me.

Buying % is oddly high..

AAC can bring it back..thats the only saviour from being stuck another 3-6 months.

AAC is vital as ever right now. I suspect Q1 results might not be too good as expected. Generally ok but perhaps miss consensus.

Yes agreed at this point it looks like insiders..

AA finally had the big volume i was looking for..too bad its the wrong way..starting to look more like insider selling..worst case scenario of holding till aug/sept may be necessary for me

Dont worry too much la. Take a step back and look at it calmly. It has never been better for airlines with high demand and load and oil stuck low and sensible competition. During the last year drop, this airline trend wasnt so clear. That's why now all the new JVs and bosses loading up their shares and warren buffet buying in airlines. This is just the beginning of this new upcycle for airlines that will last awhile. Don't worry about drops like the last one. That time RM was tanking and we had issues locally. Now we have election year momentum and RM strentghening. Once the sellers that want to move on and shift are out, it can resume movement. Worst case I will give it till Aug/Sept 17 when 2Q 17 results should be very good and AAC divvy may be in your hands.

My opinion is AAC delay is to do with capital controls in China and they are trying to push it through or worst case they need to go for non-china bidder which means last min unforeseen issue so that is taking more time than the anticipated 4-5 weeks.

TF has been working on the china JV for awhile now. I read somwehere that they almost announced the tie up in December 16 but canceled last min. He has known that it is tangible much before the AAC deal so i doubt they would have proceeded with the whole AAC deal provess if they wanted to cancel it once they signed an MOU for China JV. Unless there is some sort of terrible planning and last min change of plans due to the terrible planning or material change in facts although i cant think of any. Also the china partners have planes to lease while they consider buying chinese planes and/or they can bring forward some neos.

Lazy to see..going to take a nap. Dont drive yourselves crazy guys. Go about your normal day.

Will one of you go to the AGM tomorrow and wear a t-shirt that says "where is AAC?" at the front and "show me the money!" at the back?

Should be today

Hope tomorrow can see rm600mil but if not i will settle for rm500mil. If rm600mil although YoY will be lower but i will consider very good results as the RM was not favorable.

Looks like panic sellers are gone. Rebound time..

Alot of ppl rushing for the door after AAX results. Have to stomach this now. No choice. Thanks AA board. Will pass my shares to my kids and hopefully the AAC deal will be sorted in their lifetime.

AA should do considerably better. Dont worry too much about it. It wont do as well as 1Q 16 but will be better than 4Q 16 and i feel that most analyst are targeting between 400mil-600mil. My guess RM500mil region. As long as you do not compare to 1Q 16 then still a good set of results generally. 2nd Qtr 17 should be better. Thereafter it would depend on RM movement. But overall 2017 should be a good year for it to continue the upcycle as long as management and BOD delivers on the corporate promises. Right now anxiety levels are at high due to AAC announcement delay, manchester news and AAX surprise 1Q results but you have to put things into perspective and not overeact.

400-600m is my guess. I wont put too much input of AAX results. Not apple to apple. But if after AGM no AAC news, i will sell all and switch to other counter. Fed up already.

At times like this i remind myself not to get too caught up in short term price movement. I dont see any significant enough reason for me to cash out on a technical level. I believe 2Q 17 results should be good. By then hopefully i can reap AAC divvy and enjoy the 2Q results with any other positive corporate exercise.

Hopefully tomorrow is a technical rebound and thereafter we have some positive actual news rather than positive talk..

If u give funds a reason to take money off the table then they will when they have enough excuse especially after AA run-up. Just have to hope that AAC, AGM and 1st qtr results do well for us to stop the slide.

@RM from a fund point of view with large holdings that take time to distribute, they may think diff. They may already be somewhat nervous on the lack of clarity and the delay on AAC and coupled with uncertainties going into AGM and 1st qtr results they may want to lock in profit for some portion of holdings to minimize risk. All that is fine, my main point being that lack of clarity in a stock especially on the corporate development side is not good in times just like this with the negative world news from manchester. If there was the AAC knowledge, you wouldnt see this selldown.

Some fund managers taking the opportunity to sell. Almost 5% drop and volume is not that high for the 5% drop meaning support is also not strong. This all is evidence that some BB are getting fed up with talk..

Knee jerk reaction ex-divvy and negative world news. Some take money off the table as tired waiting already i suppose..

If they announce AAC with AGM then I will be super happy to pocket 12c divvy and watch it fly straight after....come on...do it...

Who is BWC? Cant remember already..hahaha

Guys as some have already mentioned, you need to put things in perspective when talking about AAC. You cannot be talking like "TF no need rush to announce for you all" or "whether he announce now or later also he wont sell his shares so why need to rush". AA is a big publicly traded company that has thousands of minority shareholders and those shareholders who are not privy to the ongoings of management on a day to day basis still deserve full disclosure in a proper manner. Secondly as a publicly traded company, the share price that effects all shareholders can swing on news or lack of news on corporate proposals. Some here will recall a verbally mentioned timeline of 4-5 weeks after bidding closes which was 27th Mar. It has been too long after this timeline and if not announced yet atleast an update will suffice via social media also would do. This is what is needed. Please think in a professional manner and not as if the board or management of AA owns the company in whole and we are just being fanboys here.

AA board and management should understand the market better when it comes to AAC sale. In corporate action like this, market likes clarity and certainty so sticking to timelines are important. Now its getting too delayed already. Its not good for investor confidence and there is not advantage or benefit to this delay. Thats why I believe there is some sort of last minute change of buyers or terms etc that is taking them more time to sort out. Otherwise the delay is just silly...no good can come out of it whatsoever. Lets just hope ultimately that it is a necessity.

Yes i remember that story of the next warren buffet was it? He bought in at 2.80 and sold at 2.81. His sharp eye cought that 1sen gain possibility with super skills. He then warned those who bought in at 2.50 and below and still holding till 3.50 not to get fooled and trapped as they did not know how to read the market like him and were easily fooled. Must be a long line of students looking to learn how to be a comedian from this joker sifu..

supermx2 i bought in big at avg 2.40. I jumped in very late that time. can you advice me? Did someone trap me to buy at avg 2.40 that time? Are they going to make money off me now? Aiyo im very scared la. Is this how guys like me get trapped? Its just Rm 1++ to go to my entry price...very very worried. Hahahahaha

Could also be the announcement of the china MOU that made them defer it slightly as they did not want it to clash and overshadow one another..

I do wonder whether it is a case of switching buyers at the last minute...

When demand is strong and cost is low in a fundamental perspective and your cashflow and balance sheet is healthy then its a no brainer to expand as much as u can handle while the going is right. You wont always get this sweet timing of factors coming together. They are doing the right thing as long as they dont over leverage which they are not..

Profit taking setting in abit..

Growth growth growth. I wonder what AA will be in 10 years? In my opinion it will conquer the asian market by sheer connectivity and fleet size. The stock will be atleast RM7-RM8 and everyone that holds it now and will sell for a handsome profit will secretly wish that they had kept atleast 50% of what they held. Haha its hard not to imagine because of all the expansion AA is doing now thanks to low oil and surging demand.

Haha AA now 3.56. You either made money in AA or just talk negative about it and waste your time. Fortunately almost everyone here made money all the way from Q4 of 2016. Congrats to the winners.

My personal target raised to rm4. I believe can easily hit.