Happy New Year, guys

Tomorrow buy back some....

batu88, things like that can't be rushed. Now Mainland Chinese all went home, nobody works. At best its March lah....

Des07, special dividend will definitely come. Just how much? and have to wait how long?

This public bank researcher really lazy.

1. If it has 20% premium, that means it will lag about 20% over time.

2. If your point of entry is risky, its better to buy longer maturity one. If you really know what you are doing, then you should buy the ones with the lowest premium because it also bring you the highest return.

3. If you really know what you are doing, there is no risk. Risk is just a concept. The end result is either 0, or 1.

VG, i was hoping for 93% too. Bad bad TF....Airasia got lots of bad habits, now mostly resolved. Lies and loves to break law....

LOL, cwingz, haha, a few big pictures, joke of the day!

Happy Chinese New Year, everyone!

Everyone holiday mood already....

Batu88, sell early lah, you need sometime to get the money out also

JN88, can only find one, AIRASIA loh (BINGO? LOL)

Today medium guy buying small guy selling, can push a few cents lah.....

So many sifus favoring Airasia also can't push it, so TF is selling every other business to unleash value, which is the right move. He gets a little bit desperate already.....lots of corporate activities in a 2017

You are damn right!

Let's push it 5 times higher.

ding dong ding dong, wait a while lah

toto, you own part of the business, don't worry. Read the financial reports and go to airport see the planes will calm you down

BWC, you should keep your dairy private.

他處在一個自己的世界裡，究其原因是輸到傻了。還有人去跟他學，學輸錢？

股神咗易做咩。

只是一條輸到傻咗的可憐蟲.....

batu88, true! But AAC, HK and 2 IPO could delay because of this. Especially AAC, Chinese will check very thoroughly.

Nowadays Chinese Companies especially those state-owned are very strict, they have very strong audit team, and reporting also very strict. Not easy to get through. Hail President Xi!!!

Surprisingly AAX nothing happen....

Supermx2, don't think like that. Your mum is RM pun bankrupt oh.

Total Share is 2.7b. Say 1% don't like TF so that will be 27m. Plus short seller, people who sell and buy back later, fearful people, maybe 50m. Give it +-10m, say 40m to 60m lah. After 40m volume done then observe. From now we can see maybe -20c to -30c....

Just a guess....

cruger12345, no, i mean RR will struggle financially.

VG, good point!

This happened in 2013 when TF fooled around with his F1 and football team, he changed a lot after the plane crash. Let's hope that it's not as bad as it looks.

cruger12345, you will hate me if i talk more.
If you read it carefully, the original credit was 2.2M pound, how did it get to 3.2M pound?
Your Enrich point is not enough for your ticket, so what did they do, top up CASH loh, where is the cash comes from?
Let's talk about what may affect Airasia. RR was punished to pay around 100 million pound each year for the next few years. Airasia uses a lot of RR engines. Furthermore, parties dealing with Airasias will be extra cautious, which may cause delays.

valuegrowth, thanks!
On the second thought, i think Airasia and Airasia X (and us) are the victims, not the criminal.
Everything should fall in place in due time but there could be a lot of delays, people are more careful dealing with Airasias.

I am feeling ashamed of Airasia.

Good luck to you

154. However, the shape of the anticipated commercial deal changed, prolonging
discussions between Rolls-Royce and AAX, as well as the parallel discussions between Rolls-Royce and the AAX senior employee. By March 2013, a larger aircraft purchase was under consideration, and the level of discount offered by Rolls-Royce to the AAG executive for his jet’s maintenance had increased to US $3.5 million.

155.The Rolls-Royce employee who communicated this to the AAX senior employee also
pursued other issues of prompt payment of debts by AAX, to which the AAX senior
employee reacted strongly, requesting the removal of the Rolls-Royce employee from
the account, which did, in fact, occur for a period of about two months. Before his
removal, however,, the Rolls-Royce employee emailed one of his seniors to report
that the AAX senior employee “wants a cash settlement that is off the record and not
visible to the AAX group”. A cash settlement was not ABC compliant, he said, and he
would “rather not be on the account”, as this was “unethical and most likely illegal”.

156. By May 2013, a final commercial deal between Rolls-Royce and AAX was nearing its
conclusion:

157.Rolls-Royce employees had continued to discuss the matter of the jet with the AAX
senior employee, and a proposal had been approved within Rolls-Royce to issue four
credits to AAX, amounting to US $3,252,000. The value of those credits could then
be applied by AAX to the cost of the jet entering Rolls-Royce’s CorporateCare
programme.

158.Rolls-Royce employees believed that the relevance of the jet to the issuing of those
credits was most likely to be concealed from AAX executives by the AAX senior
employee. Even the contractual document, which would formalise the grant of credits by Rolls-Royce to AAX, was initially not discussed by the AAX senior employee in front of other AAX senior employees.

159.The Rolls-Royce employee, now back on the account, explained matters to his
superior, and received a limited reply suggesting further discussion. Thereafter,
however, Rolls-Royce Compliance again agreed to the use of credits on the basis that
the relevant documents were delivered to AAX “in the normal manner”. Around the
same date, the Rolls-Royce senior employee, who had passed on the requests from the
AAG executive, resigned from Rolls-Royce, for reasons unrelated to this contract.
However, this did not lead to any change in approach from the remaining employees.

160. By June 2013, a script was drafted for a senior Rolls-Royce employee to explain to
the AAX senior employee that the contractual documents referring to the credits
would have to be sent to the “normal distribution list”, including employees.

161. On 8 July 2013, three contractual documents were signed by Rolls-Royce and AAX.
This included the agreement, which referred to the US $3.2 million of credits. None
of the three documents made reference to the anticipated use against the private jet.
Whilst the documents had been seen by persons within AAX, other than the AAX senior employee, the purpose of the credits had become merely discoverable and was not clear or transparent to anyone other than the AAX senior employee and the Rolls-Royce employees.

162. It was expected within Rolls-Royce that the value of the credit notes issued by Rolls-
Royce would be applied to a company, which was the vehicle through which the
AAG executive and other private individuals owned the jet. And so it was. By the
end of November 2013, those credits had been transferred by the AAX senior employee to this company. They were then redeemed with the Rolls-Royce Civil business unit, which then transferred the funds to RRD to cover the cost of the AAG executive’s jet entering the CorporateCare programme. The gross profit to Rolls-Royce arising from the purchase of products and services, provided by Rolls-Royce and its subsidiaries, including TCA services to be supplied to Air Asia X was £17,080,000.

Count 12

147. The final count relates to failure to prevent bribery between 1 July 2011 and 31
November 2013 when Rolls-Royce failed to prevent its employees from providing an Air Asia Group (“AAG”) executive (“the AAG executive”) with credits worth US $3.2 million to be used to pay for the maintenance of a private jet, despite those employees believing that, in consequence, the AAG executive intended to perform a relevant function improperly. This financial advantage was given at the request of the AAG executive, in return for his showing favour towards Rolls-Royce in the purchase of products and services, provided by Rolls-Royce and its subsidiaries, including TCA services to be supplied to Air Asia X (“AAX”), a subsidiary of AAG.

148. In August 2011, a senior employee of AAX (“the AAX senior employee”) contacted Rolls-Royce employees, seeking information about Rolls-Royce’s engine maintenance programme, the Corporate Care service, which was managed by Rolls-
Royce Deutschland. The enquiry was in respect of a private jet, which the AAG
executive was planning to purchase. Rolls-Royce Deutschland provided a quote for
the jet, which included an entry into service fee of approximately US$3 million. The
maximum discount Rolls-Royce Deutschland could provide was 15%, or US
$450,000.

149. In November 2011, a Rolls-Royce senior employee met the AAG executive, and
reported to other Rolls-Royce employees that the AAG executive was ‘very offended’
because of the Corporate Care rate he had been offered on the jet he had just bought.
The senior Rolls-Royce employee instructed another Rolls-Royce employee to deal
with the issue in a manner compliant with ABC policy and noted that AAX and other
companies connected to the AAG executive were sources of potential further business
for Rolls-Royce.

150. The Statement of Facts details the discussions within Rolls-Royce as to the issues to
which this gave rise, but the upshot was that in April 2012, Rolls-Royce employees, at
the encouragement of a senior employee, began to discuss a “solution”, which
involved funds being transferred directly to AAX. When the AAG executive made a
further request for “help”, this “solution” was explained to him by the Rolls-Royce
senior employee. The AAG executive’s response was: “Okay understand. Maybe a
discount to x who passes it on.” That response received no reply or objection from
employees at Rolls-Royce. Instead, it was forwarded to more junior employees.

151. During June 2012, a Rolls-Royce employee met the AAX senior employee. The
Rolls-Royce employee relayed to colleagues that there was lack of clarity on the
contracting parties for the corporate jet and that if AirAsia acted as a manager to the
individuals, it would ‘certainly help’ on a number of aspects. On 8 August 2012, the
same employee reported to the Rolls-Royce senior employee, and others, that the
AAX senior employee was reporting that the AAG executive wanted a 50% buy-in
fee discount as a “special deal”, and was “furious” at the entry fee. The senior Rolls-
Royce employee stated his support for meeting these requests within any larger deal
with AAX. On 17 August, it was further reported to the Rolls-Royce senior
employee, and others, that the AAG executive was seeking to make the corporate jet
deal “invisible” with its “value covered within additional A330 TCA charges” for AAX.

152. Rolls-Royce employees developed a proposal to provide US $2 million of credits to
AAX which AAX could decide to spend how it wished. It would be for AAX to declare to its shareholders if those funds were used to maintain the private jet.

153. On 2 October 2012, this proposal, but without all the relevant background, was put to
Rolls-Royce Compliance. The proposal noted that the use of credits would incentivise
AAX to “firm further business” with Rolls-Royce. Approval was received from Rolls-Royce Compliance and Rolls-Royce Legal.

"It is argued that taking these factors into account, the culpability for count 8 (Indonesia) is 200%, for count 10 (Indonesia) is 250% and for counts 9 (Nigeria), 11 (China) and 12 (Malaysia) is 300%. "
I am selling everything tomorrow. I am ashamed to be a shareholder of Airasia.
Well done, Airasia Allstar, another world champion.

This is Malaysia so the dual maybe safe from being jailed. Maybe a reprimand from the Bursa??

Cwingz, this is for discussion purpose! (Its a difficult world, haiz)

Corporate Governance is a serious issue! We had many many instances of companies making big bucks (be it or not) and the boss just take it all, leave the bits and pieces for you and me. What about the minorities?

Knowledge is power. Be not afraid to the TRUTH! May the Force be with You. (Its a difficult world, so we got to say the last sentence to relate to people, normally people don't like knowledge or truth. )

cwingz,

there is a difference between truth and fact. In fact they did it, the evidence is clear => transfer what belongs to the company to their private company.

The truth however, could be they did it for simplicity of operation, or they just steal from the company.

My intention is simple, find out the truth.

For your understanding, i think short term affect the price, long term affect the morale of the company. For your understanding, morale means the working environment of Airasia.

Batu88,
These kind of news will only affect share price temporary. But if they really did it (from the evidence sure they did it), it will affect the morale of the company forever. We all heard stories of Tony Fernandez legend, he is supposed to be a trustworthy person, even in the most difficult situation, people choose to believe him.
In fact they could just increase his salary if he wants extra bucks.

The real question is 神仙難賺吉寧錢！

If, i say if, Airasia X pays USD 1 million to this Caterhamjet Global, Airasia pays USD 6 million to CGJ, why would they sell the jet to Airasia @ USD10.0M.

Memang 身有屎！

Looks really bad!

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5080517

Item 18, USD6M per year.

Looks really bad.

2ez4airasia, it is different. The USD3.2m belongs to Airasia and Airasia X and they "could have" used it for their private jet. That's stealing. You can't take what's belongs to the public company as you like and bring it home. (You need to pay)

http://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=73380&name=EA_GA_ATTACHMENTS

The deal was announced in June 2016 and that could just mean they know its under investigation so they announced to purchase the plane.

Correct me if i am wrong, ah:

1. Private company owned by TF and KM purchased the jet @USD24M in July 2012.

2. Ask to transfer credit of USD3.2M, for the Jet.

3. Jet rent to Airasia X for RM4.56M / annum.

4. June 2016, Airasia took over the plane @ USD10M.

What do you think?

http://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download/?name=EA_DS_ATTACHMENTS&id=155853
Page 251.

Pok Kai loh

C47 has longer maturity that means more options. (previously switched all C47 to C34 because C34 has no "lag" (premium) and its a clear trend).

(shhh, 偷偷謝謝凱文)

Yesterday sold all C34 @ RM.225.

Buy back a little bit C47 just now. The reason is that we are not sure what will happen over Trump's effect, whether USD will gain or lose in a big way is a risk. Better be sure then we act.

tkp2 sifu, huat lah

calvin, if you say sell half, then it makes a little bit of sense.

calvin, now we have confirmations coming from all different ways the shares is at its strongest, you say sell? zzz

10m vol in 1 hour, huhu

Bigger boys are buying in

If you really know what you are doing, there is no risk.

比如說有一段溝渠，照理說只有百分之十的人可以跳過去，但是你知道你肯定可以跳過去，那百分之九十的失敗機率對你來說是不適用的。

skng74, thanks!