If the current price is maintained with subscriptions of right, you have already 10.66% paper profit if redeemed for sale. 8% annual interest if you decided to keep.
Bankers that Loan to Tony for RI purchases and personal Loan (800mil ) are supporting AA. However there is always a Breaking point. The moment Bankers throw-in the Towel---Tony will declare a Bankrupt and Banks will loose Hundreds of Millions ( extremely scary scenario--- may Hit this point somewhere Dec 2021 )----Same scenario at AAX both are more deadly than Delta Covid
“These professionals include former minister and Khazanah Research Institute chairman Tan Sri Nor Mohamed Yakcop, former Khazanah managing director Tan Sri Azman Mokhtar, AirAsia Group CEO Tan Sri Tony Fernandes.”
MAS not invited? Wtf. Lousy government asking opinion from soon to be bankrupted company CEO? Must be crazy. /s
Not sure what you’re trying to imply. 1) those invited are formerly khazanah not present. 2) MAS have its own CEO 3) current khazanah officers do not run the operations of MAS.
Yeah, for sure hope for a better team work on the recovery plan.
AirAsia, the heavily indebted subsidiary of the Malaysian government-owned conglomerate, DRB-Hicom, which was losing money. Fernandes mortgaged his home and used his personal savings to acquire the company, comprising two Boeing 737-300 jet aircraft and debts of US$11 million (RM40 million), for one ringgit (about 26 US cents), and transformed it into an industry player.[14] One year after his takeover, AirAsia had broken even and cleared all its debts.[13] Its initial public offering (IPO) in November 2004 was oversubscribed by 130 per cent.[13]
Not bad for a conman. Have you reported to SC / Police that he conned you? Or isit just because you lost money on AAX shares? =p
TF is a very good businessman but he is in the wrong airline business at current covid condition.
His post covid recovering hardwork will be many-many time harder (debt in billions) when he first acquire the company, comprising two Boeing 737-300 jet aircraft and debts of US$11 million (RM40 million), for one ringgit (about 26 US cents), and transformed it into an industry player.[14] One year after his takeover, AirAsia had broken even and cleared all its debts.[13] Its initial public offering (IPO) in November 2004 was oversubscribed by 130 per cent.[13]
Actually, AA’s debt is very low since they’ve sold the planes. It’s reflected if you look at the balance sheet. Coincidence or not, luckily they sold of their planes otherwise today it will be Banks who will come knocking on their doors and the late payment or penalty interest will be terrifying.
The expenses they incur the most are leases and fuel expenses which have been renegotiated and deferred which the business partners have been very supportive to have a win-win situation. The expenses have been down about 70% and will continue be down. It’s also reflected in their cash flow statement.
THE SHARP INCREASE IN NUMBER MOST PROBABLY RELATED TO COVID-19 DELTA VARIANT.
COVID CATEGORY RELEASED BY MOH DOES NOT REFLECT THE CURRENT SITUATION OF WHICH ALL ICUs IN KLANG VALLEY ARE FULL AND RAN OUT OF VENTILATORS AND THE PATIENTS IN CATEGORY 1 OR 2 CAN DETERIORATE TO CATEGORY 5 IN THE MATTER OF TIME, THE UNFORTUNATE ONE, WILL DIE. YOU CAN SEE HOW SHORT SIGHTED THOSE WHO KEEP ON POSTING THE COVID CATEGORY AND UNDERESTIMATE THE REAL PROBLEM HAPPENING!
COVID NEW CASES LIKELY IN CONSOLIDATION PATTERN and most probably LIMIT UP SOON WITH ECONOMIC REOPEN? Fasten your seatbelt and get ready for the ROCKET UP TO THE MOON!
Malaysia has 1 million COVID INFECTED person! Potentially ONE MILLION FAMILY IN DEEP GRIEF, LOST AND NEED HELP FROM GOVERNMENT.
PUTRAJAYA: With more people in the country being fully vaccinated against Covid-19, the Malaysian public can start to look forward to the easing of pandemic curbs.
Prime Minister Tan Sri Muhyiddin Yassin said the government acknowledged that staying cooped up at home due to Covid-19 restrictions could impact mental health and some breathing space was needed.
UK freedom day (open all restrictions) on 16th July.
UK cases 51k on 16th. Yesterday case 31k. Vaccine works.
For those vaccinated it’s nothing more than a flu. Viral load is low.
Hospitalization and deaths remains very low compared to last year at the same positive case number.
Malaysia should see the same effect when vaccination reach 50% and by August some restrictions will be loosen as hinted by the gov. You cannot lockdown forever.
Since Sarawak state election need to be held soon, that’s why they are vaccinating so fast compared to others, September we should be able to cross state. Or latest by October when 70-80% population vaccinated.
2018 core profit 1.2B. Discount 50% 600M. At current price PE 6. If you assume recover two or three years later to normalize 2018 1.2B including dilution of rights issue. It’s PE 4. Not withstanding that margin should improve as MAS have said that they spoke with policy makers to have reasonable pricing and sustainable competition. Means no more throwing tax payer’s money to compete with AA. Even if they want they have been unsuccessful anyway.
Haven’t include their digital monetization and future income. Watch out for TELEPORT. Jewel in the crown.
Yes. I agreed with In_sight. Even without the digital business contribution, the PE is around 4. Compared with the Airline counters in other developed countries, the PE is double digit. Really sick to see those negative commentators' comments. Really uneducated lot. BTC. with rapid vaccination process, we will achieved 100% vaccination of adults population by October 2021. AA should start to soar by the last quarter of 2021. I believed i can fly. I believed i can touch the sky.... Ha ha ha ha
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....
armadatuah2017
2,610 posts
Posted by armadatuah2017 > 2021-07-23 09:19 | Report Abuse
If the current price is maintained with subscriptions of right, you have already 10.66% paper profit if redeemed for sale. 8% annual interest if you decided to keep.