The sales deal valued at USD$1.185 Billion and AA received USD$0.9366 Billion proceeds already. Means still have USD$248.4 Million by end of this month or earlier. So bumper dividend will announce end of month?
Share price should be rising steadily from here as time is marching towards finalizing the transfers of aircraft & engines by the end of this month and rewarding announcement will be due by then.
Short term borrowings (STB): RM 816,011,000 Long term borrowings (LTB): RM 2,365,515,000
(1) So AA's Total debts is RM 3,181,526,000 (STB + LTB)
(2) Cash on hand: RM 1,933,506,000
(3) Total final cash to be received from selling 84 aircraft & 14 spare engines is RM 4,620,000,000
Okay, assume that if AA's board of directors decided to use the massive sales proceeds to clear out all existing debts then AA will become a NET CASH company.
After minus all debts, AA still have massive cash from sale proceeds of RM 1.43 billion!
If this amount is to be paid back to shareholders as special bumper dividend as promised by CEO then...
AA has 3,341,974,082 outstanding issued shares.
RM 1,438,474,000 / 3,341,974,082 = RM 0.43 per share of special dividend!!
Please do not forget all those calculation above is just using cash from sale proceeds. AA itself has another cash on hand of RM 1,933,506,000 to run its operations!
Also AA is selling many other assets like Expedia, etc. which raised more cash into its coffers.
Also u have to remember AA is still earning more profits each quarter not counted into its own cash pile!
So much CASH coming its way! WHAT ARE U WAITING FOR?
Why bother about oil price or trade war. AA can always adjust its ticket price and as long as everyone is still flying AA, sure make money la. Anyway AA got a lot of cash now, it is one of the highest cash company in Bursa and come Dec, TF is going to play Santa Clause. I have already hang up my stockings, ho ho ho.
Wow. Really great to see a positive sentiments here albeit oil prices rose to four year high and most likely will continue to rise due to Iran sanctions.
AAGB is optimistic that the transfer of the last 11 aircraft and 14 spare engines under the Proposed Disposals in order to complete the Incline B SPA and the FLY SPA will take place on or before 31st October 2018. A further announcement will be made accordingly. http://www.bursamalaysia.com/market/listed-companies/company-announcements/5928685
Sure higher because we counting to the days left & big announcement send this stock highest. Get in early & wait is better than wait for any lower which is hard to get
high oil price actually benefits low cost carrier loh... look back 3-4 years ago when cruel oil above USD 100 .. fare is expensive .. everyone fly low cost even some corporate trips
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thestewardz
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Posted by thestewardz > 2018-10-02 09:08 | Report Abuse
airpoint, why u didn't collect yesterday? I added lor