Seriously, Sslee, since AAX higher possibility to get out of PN17, the better way might be for Stony to do a Reverse Takeover by Capital A and come out smiling???
Invitation as Speaker for i3 Investment Summit 2023
Thank you for your past contributions to the I3investor community by posting various blog articles and participating in the community discussions.
Following the success of the Investment Bloggers Day event in March 2019, I'm excited to share with you that I3investor and MQ Trader are going to jointly organize an even bigger i3 Investment Summit 2023, targeting more audience and a larger location. It will be held on Saturday, 20th May 2023, from 9am to 5pm at The Ballroom Hall, The Gardens Hotel, Kuala Lumpur.
We would like to invite you to be a speaker during the event. We will be allocating a speaking slot with a tentative duration of 45 minutes for your session on that day. We hope you can consider this an opportunity to share your knowledge and views in investing/trading in the stock market of Malaysia, as well as offering value add services that you may have to the audience.
We look forward to receiving your favourable response soon.
I've copied our local marketing partner team in this email. Miss Casey will be the point of contact for this event. Please do not hesitate to contact us if you have any questions regarding this event.
Haha after is Loss naked on Xinquin, being delisted on August 2019 … posted many times pretending that doesn’t sell even knew is in Account fraud as worry if sold to those cannot afford … hahaha
Haha please tell the truth loh .. not like yr 2 Top 4 list that posted saying Insas is Averaging down .. but being exposed is Averaging Up from 83 sen to 88.5 sen , then deleted the 2 posts ..
Lesson number 1. Reading financial reports is simple as mathematics ke? ANS: No mathematics is required to read financial report as all data are presented to you. But you must have some knowledge on the important ratio. You can read KCChong blog to learn more.
Example Current ratio Current assets / Current liabilities CapitalA as at 31/12/2022 Current assets: RM 2,154,295,000 Current liabialities: RM 11,221,798,000 Current ratio 2,154,295/11,221,798 = 0.19 It mean in the next 12 months CapitalA only have 0.19 dollar to pay for every dollar of its short term obligation and the short fall is a whopping net current liabilities of RM 9,067,503,000
Posted by StartOfTheBull > Apr 6, 2023 10:13 AM | Report Abuse Engineer thinks reading financial reports is simple as mathematics ke?
Stock market analysts say the key to the restructuring will be how Capital A's assets are valued when they are taken over by AirAsia X. Much will depend on how intangibles such as the company's goodwill generated by its brand and existing market position are calculated.
Analysts note, however, that the plan must address the fact that Capital A's shareholder equity is deep in negative territory, the main reason the company entered into PN17 in the first place
AirAsia X has until April 28 to submit its restructuring plan to stock market regulators. While Capital A's deadline is not until July, Fernandes said the plan to be submitted in late April will address the restructuring of both concerns. He argues that the PN17 status is mainly about disagreements over accounting standards and does not reflect fundamental solvency issues.
Not surprisingly, Fernandes also expressed complete confidence that the restructuring will allow both companies to emerge from the PN17 designation. But even his own description of the plan, which is necessarily limited because of regulatory constraints, underlines the complexity of the exercise. It will likely involve the breaking up of the two companies into four separately listed entities, he said, one of which will oversee all of AirAsia's airline operations.
That would be a difficult trick to pull off in the best of times: Doing so while carrying billions of ringitt of negative shareholders' equity, as AirAsia's parent Capital A does, will be what even Fernandes himself calls an "incredibly complicated process." Capital A's negative equity amounts to 5.8 billion ringgit, according to Samuel Yin Shao Yang of Maybank Investment Banking Group in Kuala Lumpur.
5.8 Billion is a problem??? I don;t think so. Earlier you stated Capital A had 10.6 Billion debts to be eaten up by AAX injection....so which is which, kepala pening la...
AAX will take over CapitalA aviation assets and liabilities by issuing billion of AAX to capitalA. The valuation of CapitalA aviation assets and liabilities which is in negative billions will be neutralised by billions in intangibles/goodwill valuation generated by its brand and existing market position.
Stock market analysts say the key to the restructuring will be how Capital A's assets are valued when they are taken over by AirAsia X. Much will depend on how intangibles such as the company's goodwill generated by its brand and existing market position are calculated.
Yeah this might work, provided the NTA of AAX (after cleaning) and Intangible assets are in good positions.......................Not entirely Mission Impossible actually.
Posted by Sslee > 29 seconds ago | Report Abuse
AAX will take over CapitalA aviation assets and liabilities by issuing billion of AAX to capitalA. The valuation of CapitalA aviation assets and liabilities which is in negative billions will be neutralised by billions in intangibles/goodwill valuation generated by its brand and existing market position.
Just transfer CapitalA net liabilities of 10 billion to AAX and write in a 20 billion goodwill as non current assets in AAX Balance Sheet then magically both CapitalA and AAX NTA will become positive.
Then you should congratulate Stony when you see him at the conference to pull this out of thin air....
Posted by Sslee > 2 minutes ago | Report Abuse
Just transfer CapitalA net liabilities of 10 billion to AAX and write in a 20 billion goodwill as non current assets in AAX Balance Sheet then magically both CapitalA and AAX NTA will become positive.
By following SSslee posting here so the deadline for the submission of regularisation plan for Capital A on or before 7 July 2023 as announced earlier should be invalid and the appointed advisers must refer to SSslee as well because of his capabilities of analysing financial reports.
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....
nicholas99
9,820 posts
Posted by nicholas99 > 2023-04-06 08:52 | Report Abuse
where can buy MYAirline Sdn Bhd share?