Posted by Johnchew5 > 2023-09-03 15:32 | Report Abuse

Hoho not posting in i3 for 10 months .. telegram business No Good ke .. want to get Attention to Promote Sealink ke :

>> Since 2016 to 2023 is in Loss …


Is a Speculative play stocks ..
Engine is Too hot ke :

RSI(14) Overbought 90.6
Stochastic(14) Overbought 87.5
Average Volume (3M) 14,043
Relative Volume 20.1

Method used as my case study in Jaks .. Friday is Up from 20.0 sen to 23.5 sen , but FA is much much better than Sealink …

RSI(14) Neutral 69.0
Stochastic(14) Overbought 90.0
Average Volume (3M) 144,352
Relative Volume 12.8

—

Posted by SuperPanda > 1 hour ago | Report Abuse

oil price up, fuel cost up, Tony need to find way to handle the debt payment and be operationally profitable but time is the biggest enemy

the qr doesnt looks good and market are aware about it, selling will continue with lower high and lower low pattern (its already there)

those already profit should take chance to lock it before the profit getting lesser

switch your capital to sealink, operator going to goreng to the sky, see u there

Posted by Johnchew5 > 2023-09-03 15:47 | Report Abuse

Hoho Repost from Sealink forum , Michael K recalled previously is charging RM 150 per TP ???

==


Posted by SuperPanda > 4 days ago | Report Abuse

road to 18c in 2-3 mths, ignore the waves, hold on the ride

Michael Kwok
5,613 posts

Posted by Michael Kwok > 4 days ago | Report Abuse

road to 18c in 2-3 mths, ignore the waves, hold on the ride
29/8/23
Agree with superpanda
Snap up in 12-13.5 cents
30/8/23 10.30am

Posted by Johnchew5 > 2023-09-03 15:54 |

Post removed.Why?

Posted by geary > 2023-09-03 15:55 | Report Abuse

Sslee, "so, the quote is emphasizing that in the short term, the market price can be affected by emotions, sentiments, rumors and so on, but in the long run, the market price will be affected by the company's financial performance, management and so on."
Current Quarter, is the highest, since 2018, so history repeat itself in 2024!?
Average Price in '18, was @3.30!?
Trade at your own risk!?

Posted by StartOfTheBull > 2023-09-03 16:16 | Report Abuse

Why only send it out next week (10 September 2023), not tomorrow Monday? Waiting for the right timing of emotions and sentiments is it?
""""""""""

Sslee blog
CapitalA: My email

Sslee
Publish date: Sun, 03 Sep 2023, 11:56 AM
Draft: Will send out next week

Posted by Sslee > 2023-09-03 16:26 | Report Abuse

My questions to Tan Kam Meng (TA Securities analyst):
Question 1: From where you get the information, the company has submitted the draft document for consultation to Bursa Malaysia?

Question 2: What do you imply the increase in capital deficit would not derail its regularisation plan to uplift the company from PN17?

Question 3: Below are conditions to uplift the company from PN17, has capitalA done anything at all to comply with below conditions to uplift the company from PN17?

The PN17 regularisation plan must be in complying with the requirements under paragraph 5.4 above, the PN17 Issuer and its Principal Adviser must demonstrate to the satisfaction of the Exchange, the following:
​(a) ​the regularisation plan is able to strengthen the financial position of the PN17 Issuer including its securities holders’ equity, gearing, net asset position, cash flow position, and address its accumulated losses position;
​ ​(b)​ ​the steps taken or proposed to be taken are comprehensive and capable of addressing the issues that had caused the PN17 Issuer to trigger the Prescribed Criteria, such that the PN17 Issuer will –
​​ ​(i) ​no longer trigger ANY of the Prescribed Criteria upon implementation of the regularisation plan; and
​ ​​​(ii) ​not trigger ANY of the Prescribed Criteria in the near future;

Event that trigger PN17:
2.1​ Pursuant to paragraphs 8.04(2) of the Listing Requirements, where a listed issuer triggers any one or more of the following Prescribed Criteria it must comply with the provisions of paragraph 8.04 and this Practice Note:
​(a) ​the shareholders' equity of the listed issuer on a consolidated basis is 25% or less of the issued and paid-up capital (excluding treasury shares) of the listed issuer and such shareholders' equity is less than RM40 million;
​ (b) receivers or managers have been appointed over the asset of the listed issuer, its subsidiary or associated company which asset accounts for at least 50% of the total assets employed of the listed issuer on a consolidated basis;
​​(c) a winding up of a listed issuer's subsidiary or associated company which accounts for at least 50% of the total assets employed of the listed issuer on a consolidated basis;
​​(d)​ ​the auditors have expressed an adverse or disclaimer opinion in the listed issuer's latest audited financial statements;
​ ​​(e) ​the auditors have expressed an emphasis of matter on the listed issuer's ability to continue as a going concern in the listed issuer's latest audited financial statements and the shareholders' equity of the listed issuer on a consolidated basis is 50% or less of the issued and paid-up capital (excluding treasury shares) of the listed issuer; or
​ ​(f) a default in payment by a listed issuer, its major subsidiary or major associated company, as the case may be, as announced by a listed issuer pursuant to paragraph 9.19A of the Listing Requirements and the listed issuer is unable to provide a solvency declaration to the Exchange

Question 4: Had CapitalA already done the below Prerequisite for you to write: “In fact, the company has submitted the draft document for consultation to Bursa Malaysia and is confident to complete the regularisation plan by 4Q23 or 1Q24?
(a) ​All agreements to be entered into with third parties as part of the regularization plan have been duly executed by all parties to such agreements; and
​(b) where the regularization plan involves a compromise or arrangement with the PN17 Issuer's creditors, the PN17 Issuer has taken reasonable steps to procure the agreement-in-principle of such creditors.

Question 5: What do you mean/where do you get the information operating cash flow inflow was stable at RM484.9mn, boosting the group’s total cash to RM735mn as at June-23?
As at 31/12/2022
Deposits, bank and cash balances: RM 469,985,000
Sales in advance: RM 1,428,011,000
As at 31/3/2023
Deposits, bank and cash balances: RM 589,594,000
Sales in advance: RM 1,546,450,000
As at 30/6/2023
Deposits, bank and cash balances: RM 735,003,000
Sales in advance: RM 2,024,943,000

Question 6: As at 30/6/2023: Deposits, bank and cash balances: RM 735,003,000. Sales in advance: RM 2,024,943,000. May I ask, using the advance sales/future revenue for current working capital how will that affect the future cash flow?

Question 7: 2Q2023 Current liabilities RM 14,208,631,000, current assets RM 2,269,900,000 thus net current liabilities RM (11,938,731,000), do you consider CapitalA is an insolvent company?

Posted by Sslee > 2023-09-03 16:30 | Report Abuse

Questions to CapitalA IR

Question 1: Why only present the positive; Group (“EBITDA”) of RM462 million in 2Q2023 and Group operating cash flow over RM1 billion to general investing public and IBs analyst but omitting to state that under MFRS 16:

(i) On the Consolidated Income Statement, expenses which were previously included under aircraft operating leases will be replaced by finance costs – lease liabilities and depreciation of right of use asset;
(ii) On the Consolidated Cash Flow Statement, operating lease rental outflows, previously recorded within net cash flow from operating activities, are classified as “net cash flow used in financing activities” for repayment of principal of lease liabilities.

2Q2023:
Depreciation of right of use assets: RM (354,185,000)
Finance costs-lease liabilities: RM (235,975,000)

Cash flows from financing activities:
Proceeds from borrowings: RM 130.989,000
Repayment of borrowing and lease liabilities: RM (1,107,380,000)
Acquisition on non-controlling interests: RM (52,061,000)
Net cash used in financing activities: RM (1,028,452,000)

Question 2: 2Q2023 Current liabilities RM 14,208,631,000, current assets RM 2,269,900,000, net current liabilities RM (11,938,731,000), what is CapitalA plan funding in the next 12 months to meet the obligation of net current liabilities of RM (11,938,731,000)?

Question 3: Looking at the dire situation of CapitalA balance sheet is “Revised official submission deadline to October 2023, aim to execute the plan in 4Q23/1Q24” achievable or another request of extension in the making?
2Q2023
Capital and reserves:
Share capital: RM 8,659,652,000
Merger deficit: RM (5,507,594,000)
Other reserves: RM 266,894,000
Foreign exchange reserve: RM (1,657,962,000)
Accumulated losses: RM (10,151,810,000)
RM (8,390,820,000)
Non-controlling interest: RM (1,813,867,000)
Total equity RM (10,204,687,000)
​(a) ​the regularisation plan is able to strengthen the financial position of the PN17 Issuer including its securities holders’ equity, gearing, net asset position, cash flow position, and address its accumulated losses position.

Posted by Sslee > 2023-09-03 16:40 | Report Abuse

I have a bad feeling that if Bursa proceed to suspend the trading of the listed securities of the CapitalA and to de-list the CapitalA in the event CapitalA fails to submit its regularisation plan to the regulatory authorities on or before 7 October 2023, many retail investors will loss their hard earned money, no thank to the IBs analyst and CapitalA/Stony giving them false hope that very soon CapitalA will be uplifted from PN17.

Posted by EngineeringProfit > 2023-09-03 16:44 | Report Abuse

Harapan (not perMAiDANI) stands for hope

Posted by StartOfTheBull > 2023-09-03 16:46 | Report Abuse

If that is your concern, why only send it out next week (10 September 2023), but not tomorrow Monday?
""""""""""

Sslee blog
CapitalA: My email

Sslee
Publish date: Sun, 03 Sep 2023, 11:56 AM
Draft: Will send out next week

Posted by EngineeringProfit > 2023-09-03 17:01 | Report Abuse

Sslee wants to time to technical rebound

Posted by Johnchew5 > 2023-09-03 17:18 |

Post removed.Why?

Posted by Johnchew5 > 2023-09-03 17:26 |

Post removed.Why?

Posted by The_JQuestion > 2023-09-03 17:36 | Report Abuse

sot2 lee . u not shareholder u ask so much??? who are u... why so interested. ur whole kampong own cap A isit?
None of ur business here. Don't act busy and know it all , nobody care... u so jealous? Can u ask them straight why share price so high, easily earn 10 bil revenue a year :)) ! Just direct to the point, show ur intention. Don't waaste precious institution time. they dont need to answer u , they can make more studies on cap A and give it higher rating. Dont disturb LAH !
u are a wannabe.... dont what it takes but always wanna show u can ( not ) ! hahah wannabe show here ,, together with his best trio partner

Posted by The_JQuestion > 2023-09-03 17:38 | Report Abuse

cap A market cap > INSAS + JAKS + PETRONM .... Loser , 3 together also loss.... talk more , but still nvr winning how LAH . dont know keep quiet , best buddies Dr.M and gang

Posted by Sslee > 2023-09-03 17:45 | Report Abuse

Next week mean anyday from next week Monday to Sunday

Posted by Sslee > 2023-09-03 19:24 | Report Abuse

addition questions to CapitalA IR
As at 30/6/2023
Intangible assets: RM 4,698,958,000
Acquisition of a subsidiary:
Goodwill; RM 1,971,100,000
Landing rights: RM 1,971,900,000
2Q2023 - increase effective stake to 100% in Philippine Air Asia
An acquisition goodwill of RM 1,971,100,000 sound like a bailout for the non-controlling interest.
Question 3: Pre-acquisition what is the group effective holding in Philippine Air Asia?
Question 4: Pre-acquisition who is/are the non-controlling interest shareholder/shareholders?
Question 5: Is the deal a willing buyer, willing seller deal and why CapitalA did not publish the detail of the deal?

Posted by Johnchew5 > 2023-09-03 20:19 |

Post removed.Why?

Posted by StartOfTheBull > 2023-09-03 21:04 | Report Abuse

Use so much time to write so long from Johor Bahru to Bukit Kayu Hitam but can't even decide which day to send out the email ✉️. 🤣
************

Sslee

2,400 posts

Posted by Sslee > 3 hours ago | Report Abuse

Next week mean anyday from next week Monday to Sunday

Posted by i3lurker > 2023-09-03 21:12 | Report Abuse

There are no friends and no enemies in stock market.

tomorrow sslee will buy CapA if managed to meet with Branson wearing mini skirt.

Posted by i3lurker > 2023-09-03 21:32 | Report Abuse

As usual with any mathematics law. The reverse is also true.

tomorrow sslee will Short Sell CapA to below 10 sen if did not managed to meet with Branson wearing mini skirt.

Posted by Johnchew5 > 2023-09-03 21:36 |

Post removed.Why?

Posted by Johnchew5 > 2023-09-03 21:41 |

Post removed.Why?

Posted by Johnchew5 > 2023-09-03 21:45 |

Post removed.Why?

Posted by StartOfTheBull > 2023-09-03 21:51 | Report Abuse

If Sot2Lee weart mini skirt he will have problem to wear his Crocodile seluar dalam outside. Branson's Virgin Group will no longer a virgin, after had an affair with Superman Lee.😁😁😁

Posted by Johnchew5 > 2023-09-03 21:51 |

Post removed.Why?

Posted by Johnchew5 > 2023-09-03 21:53 |

Post removed.Why?

Posted by Felix888 > 2023-09-03 21:55 | Report Abuse

Hahaha Ahkua koni3licker 24 hours 7 days a week in I3 forum talking nonsenses. This is his life.

Posted by Johnchew5 > 2023-09-03 21:55 |

Post removed.Why?

Posted by The_JQuestion > 2023-09-03 21:56 | Report Abuse

why reply ss lee , he only own 1 share for cap A to talk nonsense... HAHAHA , ppl see auto block maybe !

Posted by Johnchew5 > 2023-09-03 21:58 |

Post removed.Why?

Posted by StartOfTheBull > 2023-09-03 22:33 | Report Abuse

To avoid letter to be rejected, alternatively he can hand deliver his questions to TA Securities office by wearing this👙 and 👠 and put on this💄 on his 👄.

Posted by The_JQuestion > 2023-09-03 22:48 | Report Abuse

HHAHA he wan follow his passion , let him. tony do it he get millions .... Sslee do it , maybe he can see inspector and say it was i3 forum idea

Posted by StartOfTheBull > 2023-09-04 07:39 | Report Abuse

Wrote so long from Johor Bahru to Bukit Kayu Hitam but can't even decide himself which day to send out his email ✉️. 🤣
************
Sslee

2,400 posts

Posted by Sslee > 13 hours ago | Report Abuse

Next week mean anyday from next week Monday to Sunday

Posted by Johnchew5 > 2023-09-04 08:37 |

Post removed.Why?

Posted by mf > 2023-09-04 08:43 | Report Abuse

Price Target

Capital A - Buoyed by Robust Air Travel
Source : KENANGA, Price Call : SELL, Price Target : 0.84
Last Price : 0.93, Upside/Downside : -0.09(9.68%)

Posted by EatCoconutCanWin > 2023-09-04 08:54 | Report Abuse

go go capital

Posted by Sslee > 2023-09-04 09:10 | Report Abuse

https://klse.i3investor.com/blogs/Sslee_blog/2023-09-03-story-h-240972362-CapitalA_My_email.jsp

Send out this morning.

Posted by 1DERFUL > 2023-09-04 10:03 | Report Abuse

5099 CAPITALA CAPITAL A BERHAD
Additional Listing Announcement /Subdivision of Shares
1. Details of corporate proposal
Whether the corporate proposal involves the issuance of new type and new class
of securities? N
Types of corporate proposal : Conversion of Loan Stocks
Details of corporate proposal : Conversion of Redeemable Convertible Unsecured
Islamic Debt Securities ("RCUIDS")
No. of shares issued under this corporate proposal : 470,000
The announcement from CAPITAL A BERHAD about the conversion of Redeemable Convertible Unsecured Islamic Debt Securities (RCUIDS) into shares has several implications for investors. Here are some potential pros and cons:

### Good (Pros)

1. **Increased Liquidity**: The conversion of debt into equity increases the number of shares available in the market, potentially improving liquidity and making it easier for investors to buy or sell shares.

2. **Debt Reduction**: Converting debt into equity reduces the company's liabilities, which can be a positive sign for investors concerned about the company's debt levels.

3. **Alignment of Interests**: Debt holders who convert their securities into shares may have a long-term interest in the company, which could be seen as a vote of confidence.

4. **Potential for Capital Appreciation**: Unlike debt, which has a fixed return in the form of interest payments, equity has the potential for capital appreciation, offering potentially higher returns for investors.

5. **No Dilution from New Issuance**: Since the announcement specifies that there is no issuance of a new type or class of securities, existing shareholders may not face dilution of their ownership stake.

### Bad (Cons)

1. **Dilution of Earnings**: While the ownership may not be diluted, the conversion will increase the number of shares, which could dilute earnings per share (EPS) if the company's net income doesn't increase proportionally.

2. **Lower Dividends**: More shares mean that any dividends declared will be spread over a larger number of shares, potentially reducing the dividend per share.

3. **Uncertainty**: The conversion introduces a new dynamic into the company's capital structure, and it may take time for the market to fully understand and react to this change.

4. **Market Perception**: The conversion of debt to equity might be perceived as a sign that the company is struggling to meet its debt obligations, which could negatively impact the stock price.

5. **Price Pressure**: The issuance of new shares at a specific price (0.7500 MYR in this case) could put downward pressure on the stock if it is currently trading above that price.

6. **Complexity**: The specific nature of the debt being Islamic-compliant (RCUIDS) may add a layer of complexity that all investors might not fully understand, potentially affecting market sentiment.

7. **Tax Implications**: For some investors, particularly those holding debt, the conversion might have tax implications that could be unfavorable.

Investors should carefully consider these factors and consult with financial advisors to understand how this corporate action could impact their investment.

Posted by geary > 2023-09-04 10:08 | Report Abuse

CAPITAL A Daily Momentum!?
Mr. Market: Hold!?
S1: 0.88.
Pivot: 0.925.
R1: 1.00.
R2: 1.20.
R3: 1.45.
Trade at your own risk!?

Posted by Sslee > 2023-09-04 10:35 | Report Abuse

Acquisition on non-controlling interests: RM (52,061,000)
The acquisition of minority stake in PAA has added RM2.4bn to its retained loss but the impact was mitigated by the RM1.4bn remeasurement gain from consolidating TAA operations.

Paying RM52 million acquisition on PAA non-controlling interests and added RM2.4bn to Group retained loss sound very fishy.

Posted by moneyontheway > 2023-09-04 11:17 | Report Abuse

how come it does not pay any dividend though it makes some profit?

Posted by paulthesotong > 2023-09-04 11:21 | Report Abuse

Normalised EBITDA will be landing at rm664M potential upside by rm202M or 50% of 2Q23 EBITDA after excld one-off items n non operational aircraft.

- aircraft return to service cost of rm82M.

-loss of EBITDA from non operational aircraft of rm120M.

Posted by johnlim1001 > 2023-09-04 11:27 | Report Abuse

Current lease liabilities 5,238,802,000
Non Current Lease liabilities 14,472,833,000

To leave PN17, Capital A need to be equity positive. Currently Capital A net equity is at (RM10,204,687,000), the highest negative equity in Bursa Malaysia history for any listed company.

Deadline is approaching soon, so Capital A will have limited choice. This will be the possible way out for Capital A.
1. Stony & gang setup an intermediary company to transfer the 30-40% of the lease liabilities out of Capital A. This will erase RM7-8 billion from lease liabilities.
2. Issue a huge amount of additional shares to bring in at RM2-3 billion.

Posted by PepGuardiola > 2023-09-04 11:27 | Report Abuse

Sslee, i3lurker really bitter man

Posted by Sslee > 2023-09-04 11:53 | Report Abuse

I3lurker is his normal self, trying to be extremly sarcastic.

He is a much better man compare to those Satanic Accuser, who cannot debate with facts/figures but using vulgarity to personal insult the opponent.

Posted by mf > 2023-09-04 12:00 | Report Abuse

Price Target

Capital A - Buoyed by Robust Air Travel
Source : KENANGA, Price Call : SELL, Price Target : 0.84
Last Price : 0.91, Upside/Downside : -0.07(7.69%)

Posted by Sslee > 2023-09-04 12:03 | Report Abuse

My article is now at number 3.
Thank all for reading the article.

TOP ARTICLES
1. Helping the B40+M40 is helping the T20: Is this the Madani government’s formula? save malaysia!
2. Sarawak will continue using RM - Abang Johari save malaysia!
3. CapitalA: My email Sslee blog

Posted by StartOfTheBull > 2023-09-04 12:21 | Report Abuse

SSLee blog is now the champion blog in i3, every i3 readers must worship him from now on.

Sslee

2,404 posts

Posted by Sslee > 11 minutes ago | Report Abuse

My article is now at number 3.
Thank all for reading the article.

TOP ARTICLES
1. Helping the B40+M40 is helping the T20: Is this the Madani government’s formula? save malaysia!
2. Sarawak will continue using RM - Abang Johari save malaysia!
3. CapitalA: My email Sslee blog

Posted by Sslee > 2023-09-04 12:36 | Report Abuse

The figures
Group EBITDA up 325% YoY to RM462 mil on the back of Revenue of RM3.2 bil
Group operating cash flow over RM1 bil.

And the facts
Question 1: Why only present the positive; Group (“EBITDA”) of RM462 million in 2Q2023 and Group operating cash flow over RM1 billion to general investing public and IBs analyst but omitting to state that under MFRS 16:

(i) On the Consolidated Income Statement, expenses which were previously included under aircraft operating leases will be replaced by finance costs – lease liabilities and depreciation of right of use asset;
(ii) On the Consolidated Cash Flow Statement, operating lease rental outflows, previously recorded within net cash flow from operating activities, are classified as “net cash flow used in financing activities” for repayment of principal of lease liabilities.

2Q2023:
Depreciation of right of use assets: RM (354,185,000)
Finance costs-lease liabilities: RM (235,975,000)

Cash flows from financing activities:
Proceeds from borrowings: RM 130,989,000
Repayment of borrowing and lease liabilities: RM (1,107,380,000)
Acquisition on non-controlling interests: RM (52,061,000)
Net cash used in financing activities: RM (1,028,452,000)