when covid struck, it is cheaper to just close down AA and restart a new airline. dont know why tony die die also want to save something that cannot be saved.
is just like you want to get a house loan from bank but your spouse refuse to be the guarantor...so expect the bank will approve the loan to you without someone to guarantee it? Danajamin but tiada jaminan dari peminjam...what a joke... hello, is RM500million not RM5million.
". . . Tan Sri Tony Fernandes . . . have refused to become guarantors" - tells you all you need to know. With oil at USD130 & further upward pressure given the long term energy mix based on new policies put in place over the last few days for western Europe will shift away from Russian hydrocarbons whilst green energy solutions are not ready for sustained high capacity energy generation, there will be a prolonged plateau of oil at this or higher levels, eating into the low cost carrier model with no end in sight. Capital A's diversification into other businesses are primarily new entries into very competitive markets, and to my best knowledge there is no sustainable competitive advantage in any of these businesses. happy to hear other thoughts on this.
Yea lo.. He already dont' want refund ticket.. some more, don't want close down. so weird. maybe close down made his reputation very bad. he wants start new business hard. hence he change company name first to capital A then easier to say i just want to close down one part of my business - airline. or sell off?
DannyArcher
when covid struck, it is cheaper to just close down AA and restart a new airline. dont know why tony die die also want to save something that cannot be saved.
Cap A venture into food delivery and ride hailing business...look at Grab share price today in US plunge to nowhere and if this one of the pioneer or so-called Unicorn not even making money after so long, will Cap A? it make sense no one would want to be the guarantor, even the founder himself.
That is the thing, Tony knows all these ecommerce like shopee, or food delivery and ride hailing like grab and panda are not making money, but somehow he kept on saying they will make it and beat the big boys.... lets say if aa can beat the big boys... so what? still losing money.
this is where i hate tony, he is making retailers losing money by sweat talking to them about how bright aa future is. so many look at the share price and say one day AA will go back to previous high of rm9, wtf is this? like this, i better go invest in YTL and Parkson, can make 1000% or more.
tony should have just close down AA long ago, declare bankrupt and restructure it during covid. now it is just a zombie company.
Guys, if in this post pandemic era only 1 airline company can survive due to market shrink, who you think the gov will support? the MAS or AA? Pls remember that total of RM28 billion had been injected into Malaysia Airlines by Khazanah to date.
yes agreed. The reason why AA was successful in early days was because there was no other low cost airline exist in the market that time. They was the first in this business model. Now post pandemic this business model may not work anymore, flying may no longer low cost and enjoyable as it use to be. Joining food delivery/ ride hailing the competition is very strong as late comer. There are just too many players in this field. You can slash the commission rate other player can do it too.
Own owners refuse to become loan guarantor, wow why ah? Own money cannot touch, continue to ask ppl out there for money, loan and right issue wow, scary ya. How, shld CL as l am still holding AA shares?
i agree with what cheese burger said... good point market shrink for airline industry, doesnt mean theres no hope for AA but its not looking that good either.
Get ready for AA's RM399 promotion again. Anybody remembers their Unlimited Pass at RM499 Promotion in 2020 and 2021? Sell.... then never fly, no refund.
this time they will use the same trick again. many will fall for this trick.
Posts shared by you all r valuable. Big losses & Mountain of debts Refused to refund Diversify into ride hailing etc. Change co name when aa famous Refused to be guarantor for own co
Big + or - indicators you decide. Unless you play contra or $1k, ok. If long-term can be TOUGH. Owners use other ppl $ to invest. Owners LOW, retailers HIGH RISKS.
Changes in Director's Interest (Section 219 of CA 2016) CAPITAL A BERHAD
Information Compiled By KLSE
Particulars of Director Name DATO' FAM LEE EE Descriptions(Class) Ordinary Shares Details of changes No Date of change No of securities Type of transaction Nature of Interest 1 10/03/2022 50,000 Disposed Direct Interest Name of registered holder Fam Lee Ee Description of "Others" Type of Transaction Consideration (if any) RM0.66
Circumstances by reason of which change has occurred Disposal of Shares Nature of interest Direct Interest Total no of securities after change Direct (units) 0 Direct (%) 0.000 Indirect/deemed interest (units) 0 Indirect/deemed interest (%) 0.000 Date of notice 10/03/2022 Date notice received by Listed Issuer 11/03/2022
So many "sabotage" again the airasia superapp, double booking up, I guess those asked-for-refund gengs have done a good job "sabotaging" again AA superapp, well done!
"AA, I WANT MY REFUND BACK, NOW! But please convert to flight ticket to Turkey ah, pls TQ"
AirAsia had on April 1, 2016, entered into a conditional subscription agreement with Tune Live to pay RM1.01 billion for an additional 16.7% stake in AirAsia. Following the completion, Fernandes and Kamarudin saw their indirect stake increase to 32.18%.
You know what happen after this PP? They started selling their planes and give out huge huge huge mega huge crazy huge big dividends. Sell until no more planes. Their main profit is not from selling tickets but selling their planes.
Then 2019 they started losing money, why? no more planes to sell. 2019 is before covid.
They do PP so that they can get more from dividends. Snake will always be snake.
TP9 fan boys: See CXX-CIMB said AA worth only TP 9 cents and hard to get out from PN17. I told you guys TF is a snake oil seller...
Few moment later...CXX-CIMB announced partnership with AA to democratise capital market investment for retailers across Malaysia and Southeast Asia
TP9 fan boys (with swollen face): I don't care, snake will always be snake.
TF: Don't cry boys, your refund is on the way, but please download AA Superapp first to receive your refund. Please contact Eva in case you wanna change your refund to Turkey flight ticket. T&C apply.
dulu tony dan Kamarudin start up memang baik. Mampu ambik duit keluar, sekarang asik ambil dari market je. Pening kepala. Aishhh..... Harapnya share price boleh show something.
hold some 0.580 tickets on hand, not going to sell them unless AA drop below 0.570, but I guess can break 0.700 within a month after the borders are open
It's a public listed company. Millions of shareholders big and small. I'm borrowing money for the company, not for personal use. I'm asked to guarantee it with my personal wealth. Isn't it short sighted and simple minded if a person agrees to provide personal guarantee for a loan to a company with thousands of shareholders? Oh well
It is very normal in the corporate world, after all, they are the directors and management, they have perks or had perks, they know the direction of the company. If they are confident, they will be the guarantor. If my company have a land that I know there is oil underneath it, and the bank will borrow my company to drill it but with condition I must be a guarantor.... surely I will be the guarantor, I am confident I can make lots of money in the future.
China is under lockdown for Shenzhen, FoxConn had stopped all factory production. lockdown will most probably roll out across whole of China.
of course lockdowns are good for airlines coz no need to fly just keep taking more money for plane tickets and then continue to Refuse Refunds its Free Money => 100% profits
I have a hunch that our gourmen will U-Turn on the border reopening on April 1st. After all that, it falls on April fools day anyway. You probably think our gourmen won't be this childish.
The pandemic itself is a mind farg, to begin with. So never say never.
Why all these analysts really love number "9" huh? How can they treat a cash-machine-glove-company like a PN17 company, NO WAY! Please tell these analysts just let the share price do the talking, stop speculating! Anyhow, if these analysts are true, just imagine when the moment AA and glove kiss each other (share price), must be super romantic!
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....
bjgdila123
3,468 posts
Posted by bjgdila123 > 2022-03-11 07:03 | Report Abuse
unable ....scary. down tren . 0.40