leaked agm info anyone have,

u can see yesterday vol, they press down to buy cheap.. something brewing that we dont know but they know

AGM will some good news. morning will have show.

shot up mum today to 0.40

wb to 0.30. see the action. morning show

MAS target price slashed by 43% to a mere 12.5 sen

if resistance 0.22 is broken, it will go all way down.if stays good can up

dont play contra

yes past two days trans is over 500m shares, not small ikan bilis buy but big retailers

remisier

hahaha

past one week accumulation info, the party who acquire alot till now, rem

not ethihad but some private investor. they r accumulating now, fast grab it

to privatise at 0.60

quee disaapearing fast

sell quee disappear

recycling mode

see drop to 0.105 and 0.11

throw again at 0.115 after done.. scary

sharks like few quees at sell front.

big volume are parked at 0.12 and 0.125

flying knife with wine

will it down to 0.095??????

someone cycling at 0.105

pls see the buy vol for both mum and son, very low, can plunge anytime

today tp 0.135????

today TP?

hit 400 m today

??????

will bypass which sea?

nearing 400m,,,,, is it safe tmrw or will it plunge like today

66m wall at 0.15, anytime can break. lucky earn some on intra buy 0.15 sell at0.155

0.155 resistance broken, next 0.15. just offload morning purchase of 0.15, runnnnnnnnn

wow, as said 400 m shares going to hit today, now 362mil. see once done in 0.160 it is going down again.

tmrw listing date of private placement . 0.10. will the price go down or up?????

if confirm bankrupt sure will go below 0.10

0.10 very near

today vol will reach 400m... seee they buy at 0.15 and sell at 0.155. dont in later trapped or tmrw down someone like today morning

i quee 0.005 1 mil shares

yeah guys scary see the vol,, dont knoiw how much today total vol for mas.... 400 mil?

yes 0.155 now second quarrel btw 0.15 and 0.155, who will win????

now seee go to 0.15 and 0.155, later recycle again and drop more, dont in

guys see the play queee, buy and sell, they are now doing cycling, dontr get trapped by their trick.. buy 0.155 and sell 0.16, it will continue this whole day.

guys is it woth to buy mas cv?????

NationHome > News > Nation

Published: Monday May 19, 2014 MYT 12:00:00 AM
Updated: Monday May 19, 2014 MYT 8:12:51 AM
PAC urges Government to give up MAS

BY MARTIN CARVALHO, BEH YUEN HUI, AND A. RAMAN



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THE public accounts committee (PAC) has urged the Government to consider giving up its interest in loss-incurring Malaysia Airlines.

In its front page report, Sinar Harian quoted PAC chairman Datuk Nur Jazlan Mohamed as saying this would reduce the burden of using the people’s money to consistently bail out the national carrier.

He said there were several options to save the troubled airline, including privatisation and opening opportunities for investors, including foreign companies, to take up its shares.

“The issue now is whether spending the rakyat’s money wisely is more important than ‘saving face’ for MAS as a national entity,” he was reported as saying at an event in Johor Baru on Saturday.

Nur Jazlan, who is Pulai MP, said he agreed with Prime Minister Datuk Seri Najib Tun Razak that if the big obstacle of financing the airline could not be overcome, there should be other more prudent ways to resolve the issue.

MAS incurred first quarter losses amounting to RM443.4mil this year, which was higher than the RM278.8mil losses incurred for the same period last year.

The MH370 incident was cited as among the causes for the higher losses.

they will press down somemore to collect more, then will announce to sell , then price will shoot above 0.5,, lets see my guess, me waiting further down then will go in,

regarding

MAS should go for Section 176 of Companies Act

BY B K SIDHU


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THE tragic disappearance of MH370 has taken a huge toll on Malaysia Airlines (MAS). Since the plane vanished on March 8, the airline has cancelled close to 900 flights.

Cancellations were mainly for China and Asian flights, and demand seems to have hit rock bottom. In March, sales in China fell by 60% after the MH370 was lost.

Recently, one of its flights to Bali had less than ten passengers and it would have been wiser to cancel the flight rather than endure a big loss to proceed with that flight. The decline in the number of passengers was also seen on its 500-seater A380 flagship route to London, where on some days the plane carried about 200 passengers.

Flying with less than 30% load means MAS is flying at a loss and as it stands, MAS is burning up to RM2mil in cash a day. Couple with finance cost, the cash burn rate is RM4mil.

MAS has RM3.37bil cash at the end of March but that amount has since fallen to RM2.8bil. If nothing is done, its cash reserves can be depleted by 2015/2016. It has liabilities of RM11.8bil and net debt level of RM8.5bil as at end-March.

After MH370 and the cancellations, MAS cannot continue to operate in its current form. It needs to shrink its size, and high costs is its biggest liability.

Even Prime Minister Datuk Seri Najib Tun Razak said on Thursday that it was too late to save the airline in its current form. He is saying that bankruptcy might be among several options to restructure MAS.

MAS sank further in the red with RM443mil net loss for the three months ending March this year, and its fifth consecutive loss.

Though MH370 is a factor in the loss, the amount is its biggest in over two years and that means all the numerous restructuring exercises undertaken over the decade have not been able to put it on a profitability path.

Granted, the industry is ever evolving and there is competition from new players. MAS has legacy issues. But after undergoing so many restructuring exercises, some which has been quick fixes, MAS has remained in the red five out of the past ten years.

It has come to a situation where its survival today is questionable and the fact that its yields are depressed at 22.5 sen and its cost per available seat km (ask) at 22.8 sen is higher than its revenue per ask of 17.2 sen.

The team at MAS is rewriting its business plan to restructure the airline once again.

CIMB Research in a note said that “vested interests has destroyed many restructuring in the past, so will this one be any different?’’

In the past some tough decisions were not undertaken as being a national carrier it had to succumb to political overriding over commercial reasons, and had to serve the social agenda.

But many have forgotten that MAS is a company first, and it has to make money.

The way out this time would be to collapse MAS, seek for Section 176 of the Companies Act for protection from creditors whilst it restructures. Do a capital reduction and of course shareholders will have to take a hit.

It may be a viable way to park the debts in the old MAS and set up an new operating unit to fly the routes and no need to close the airline for a day. To do that, contracts need to be renegotiated and the ones that will feel the pinch are the staff.

Their terms may be compromised and should MAS network shrink, then that will lead to job cuts. The figure floated around is 4,000 to 7,000 jobs may be slashed. It needs to realign its airline and non-airline operations, it should learn from successful examples like Garuda, Japan Airlines and many more.

If there are job cuts, then it has to be done professionally, appoint an agency to evaluate what jobs are needed and what can be reduced and pay the employees a reasonable sum. Don’t forget they have served the airline when in boom and bust times.

And if reducing cost is the main focus, then some of those earning RM100,000 or more a month should be among the first to take a pay cut.

Re-doing MAS is going to be tough with political inferences, but it is time for MAS to bite the bullet. Either save the airline or be a popular government.

The good thing is that the government has also said that it will not inject new cash, but MAS will need more money in the future. Since 1998, some RM16.7bil has been pumped into the airline to keep it afloat via rights issues and government-backed debt.

The route ahead is filled with turbulence and while the current team is busy rewriting the new plan, there is also a group out there being courted to take over. Whatever is done should be in the interest of the airline.

told u guys, run, now touch 0.15, later more to come, read today star paper,

quee 0.15 better, safer

run

good news coming, price sustain, today tp 0.13. slow accumulate.