Yes TF planning year 2015 all over again, please wise up and understand this diabolic n wonderful plan no plagarism please all copyrights belong to orange
In Dec 2016/Jan 2017, they obtained a loan, likely interest bearing shares bridging loan, of RM1.8b and utilized RM1b to acquire 15% shares of Airasia Berhad (AAB). This information can obtained thru public available information in SSM - charges search of Tune Live Sdn Bhd.
During the period, there is a reorganisation exercise (Apr-Jun 2018) from AAB to AAGB and therefore we can obtained the same updated charges information which showing the outstanding became RM1.5b. The difference between the original RM1.8b and RM1.5b is tally with the dividend declared and paid during the period for their shareholding (15%+15%).
One more important point. Considered the normal market industry for shares bridging loan, the maturity period will be normal within 2 years time which mean that in this case is Jan 2019. From speculative point of view, IF TF and DK need to repay the loan, this coming quarter announcement is the best timing to declare special dividend to settle their personal loan rather than waiting for year end result to declare final dividend which may need shareholders resolution (AGM).
TF and DK created the value to Airasia Group and in this case, their interest is aligned with shareholders. In speculative point of view, the special dividend possibility is very high. If not, in order to serve the repayment, this counter will also provide good dividend yielding.
Dont be fooled by the current share price. It may be right or it may not be right!
Current market capitalization = RM8.4b TF and DK shareholding valuation = 30% x RM8.4b = RM2.52b Current loan amount (assuming no repayment subsequently from June/July 2018) = RM1.5b
Margin of finance = RM1.5b/RM2.52b x 100% = 60% margin. This is normal industry threshold.
If the share price further drop, TF and DK may need to top up from their pocket for the securities margin maintenance. This price highly possible is the bottom unless the margin of finance given to TF and DK is beyond market norm.
Banglaman is never wrong. No matter where I go. All I tell is the truth. Keep on buying... keep on buying until RM1 then I come in sapu... next stop RM2... let banglaman enlighten you... oil price high in last quarter? Yes? Lower operating profit... after election anyone else flying? Not as much... lower operating profit... everything pointing south... all analyst and fund managers already saw this... only kecik bilis think this is opportunity by thinking all sort of nonsense banks trying to cover their options la... private placement and whatnot... joker...
Haha, to have condition like this, only will be short seller or directors. Both of these can earn money from the price drop. For the directors, they can get cash flow out when collecting more shares, and the dividend can cover the cost (can be ignored when trend down).
Based on the equity and market quota, currently there is no much space for them to keep pushing down, coz it may attract some big shark or fund to get in to collect. For the small investors, nothing can do, the only one is to collect more to average down the price or just cut loss (if really not trust the counter)
New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
MQ Trader 599 views | 3 d ago
0:17
New IPO: An enterprise IT solutions provider that provides implementation services, maintenance, support and professional services, Vetece Holdings Bhd aims to list on the Ace Market!
MQ Trader 619 views | 7 d ago
0:17
New IPO: A manufacturing and trading of biomass fuel products, particularly PKS and wood pellets company, Elridge Energy Holdings Bhd aims to list on the Ace Market!
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
matkaya
64 posts
Posted by matkaya > 2018-10-22 17:55 | Report Abuse
The Indian issue is like Bollywood one, will never end. Meantime you just do business as usual.