Posted by geary > 2023-10-12 20:40 | Report Abuse

CapitalA Pivot Point Momentum!
S1: 0925.
PIVOT: 0.950.
S1: 1.00.
S2: 1.08.
Trading Volume: Uptrending.
🐂/🐻: 60%/40%!
Dis: Trade at your own Risk!

Posted by xskyriver > 2023-10-12 20:54 | Report Abuse

The MYAirline news indeed is good for CapA. (One less competitor)
But how come this USD400m loan news, geary talked like it is a good news?

Based on latest quarter report (29 Aug), supposed CapA still have 700m+ on hand
Then on 3rd Oct, accepted a USD150m term loan (about MYR700m+-)
Now looking for another USD400m loan (about MYR1.8 billion)

What does that mean to you?

This is not looking good.
Where does this 700m+700m gone?
And where is the Q3 460m profit that geary promised?
Why need another 1.8b now?
Want to expand business?

Posted by geary > 2023-10-12 21:26 | Report Abuse

xskyriver hi...!
Capital A Bhd group, is seeking a US$400 million (RM1.8 billion) loan, half of it from private credit funds, to refinance debt, according to people familiar with the matter.

The loan will be in the form of a Revenue Convertible Bond, with investors to be paid out of ticket sales from ten AirAsia flight routes, the people said, declining to be identified because the matter is private.
A representative of the company declined to comment.
(Mandatory Convertible Bond also possible, like Temasek $9.7 Bn, issued to bulk up SIA Balance Sheet)

CapitalA, probably Mandatory Convertible Bonds of : $2Bn n 1B Right Issue, can 'kao-tim' its Balance Sheet, by FY 2024 Result.
Stay Focus on Latest News from AirAsia Newsroom.
🤔🙏🚀

Posted by The_JQuestion > 2023-10-12 23:33 | Report Abuse

why not?? people willing to buy... u not buying loser complain apa
mya customer all going to AA... extra profit for almost fully book flights... guess what? load factor maybe go up to 90 ++ ... 100k extra passengers per month FUHHHH all sapuuuu !

Posted by The_JQuestion > 2023-10-12 23:35 | Report Abuse

i3 looker still in 90s think nasi lemak sellers are b40... they are now t20 go on full service airlines beside his 5 star hotels is nasi lemak sellers .. expect the unexpected :)) , the cycle of life

Posted by Felix999 > 2023-10-12 23:38 | Report Abuse

His name is I3licker. His likes to lick especially on male`s organ(s).

Posted by StartOfTheBull > 2023-10-12 23:49 | Report Abuse

Why kon Licker like to be tiu every day?

Posted by Felix999 > 2023-10-12 23:59 |

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Posted by Bruce_Wayne > 2023-10-13 00:39 | Report Abuse

As at 30th June 2023, Cap A's sales in advance was RM2,024,943,000

The RM2.023943 Billion is a liability because Cap A took passengers money and has burnt the money

So, Cap A has reached a limit in taking in sales in advance

And now the idea is to get loan in advance of sales in advance?

Stony can post the request in TNB tiang

---

Posted by geary > 3 hours ago | Report Abuse

xskyriver hi...!
Capital A Bhd group, is seeking a US$400 million (RM1.8 billion) loan, half of it from private credit funds, to refinance debt, according to people familiar with the matter.

The loan will be in the form of a Revenue Convertible Bond, with investors to be paid out of ticket sales from ten AirAsia flight routes, the people said, declining to be identified because the matter is private.


.

Posted by StartOfTheBull > 2023-10-13 06:27 | Report Abuse

Homosxx, cross species sxx, condom are some of his favourite terms used to promote his business at Jalan Alor.

Posted by cmiko888 > 2023-10-13 07:55 | Report Abuse

Actually I am just wondering.. What is the benefit u get after Cap A go delisted? U seems to be very excited to see them delisted. How much money have u lost in Cap A to hate them like this? Or being noble to save people? I am just curious... Or u have a side bet or something? really cant get it....

Posted by Sslee > 2023-10-13 07:56 | Report Abuse

Borrowings (cont’d.)
(i) Term loans and revolving credits
During the financial year, a subsidiary of the Group obtained a term loan facility amounting to USD75 million (equivalent to RM331 million) from a non-financial institution.
In the previous financial year, a subsidiary of the Group obtained a working capital loan from a non-financial institution amounting to USD150 million (equivalent to RM623 million) of which the loan has been fully drawn
as at 31 December 2022. The working capital loan has a bullet repayment due 60 months after the first drawdown and interests are payable quarterly.

(ii) Convertible loan note
In the previous financial year, a subsidiary of the Group secured an investment of up to USD100 million (equivalent to RM415 million) convertible notes at a coupon rate of 6% per annum from SK Group, a South Korean conglomerate. The convertible loan notes will be converted into preference shares in a subsidiary within one year upon approval obtained from regulators.

(iii) Other facilities
During the financial year, a subsidiary of the Company secured a Predelivery Payment (“PDP”) financing at a net borrowing amount of USD102.5 million (equivalent to RM448 million) from a non-financial institution.

(iv) RCUIDS
In the previous financial year, the Company completed the renounceable rights issue (“Rights Issue”) of RM974,513,219 in nominal value of 7-year redeemable convertible unsecured islamic debt securities (“RCUIDS”) at nominal value of RM0.75 each based on the Shariah principal of Murabahah (via “Tawarruq Arrangement”) comprising 1,299,350,959 RCUIDS together with 649,675,479 free detachable warrants (“Warrants”) on the basis of 2 RCUIDS with 1 warrant for every 6 ordinary shares in the Company following the listing and quotation on the Main Market of Bursa Securities. The Rights Issue is constituted by a trust deed dated 18 November 2021.
The salient features of the RCUIDS are as follows:
(a) The profit rate for the RCUIDS is 8% per annum, computed based on the nominal value of the outstanding
RCUIDS and payable quarterly in arrears;
(b) The RCUIDS shall be convertible into new ordinary shares of the Company by surrendering for cancellation RM0.75 nominal value of one RCUIDS for one new ordinary share of the Company at any time on and after 31 December 2021 (“Issue Date”) up to 31 December 2028 (“Maturity Date”)

Posted by Johnchew5 > 2023-10-13 08:21 |

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Posted by Sslee > 2023-10-13 08:22 | Report Abuse

The interest rate charged by ICL is in accordance with the Moneylending Act, which is not more than 12% p.a. for secured loans and not more than 18% p.a. for unsecured loans.

Everyone is welcome to borrow money from Insas credit and leasing.

Posted by xskyriver > Oct 12, 2023 8:15 PM | Report Abuse
USD400m la, not 200m...
Maybe Insas lend CapA.

Posted by Johnchew5 > 2023-10-13 08:24 |

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Posted by Johnchew5 > 2023-10-13 08:27 |

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Posted by Johnchew5 > 2023-10-13 08:33 |

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Posted by Sslee > 2023-10-13 08:34 | Report Abuse

Bigpay give loan too maybe capA can borrow some money from bigpay.

Posted by Johnchew5 > 2023-10-13 08:36 |

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Posted by Johnchew5 > 2023-10-13 08:42 |

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Posted by Sslee > 2023-10-13 08:42 | Report Abuse

Posted by i3lurker > Oct 13, 2023 8:02 AM | Report Abuse
These parasites are getting more and more frantic daily as CapA continues to fail

Agree with i3lurker, these parasites/conman will flood the whole capA forum with cut and paste gibberish in the hope that no one will able to see our opinions, figure and fact on what went wrong in capA.

Posted by Johnchew5 > 2023-10-13 08:46 |

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Posted by Johnchew5 > 2023-10-13 08:48 |

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Posted by Johnchew5 > 2023-10-13 08:52 |

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Posted by Johnchew5 > 2023-10-13 08:55 |

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Posted by StartOfTheBull > 2023-10-13 08:59 | Report Abuse

Do not blame SSLee, it could be a very good opportunity for his Insas money lending business. His consistent comments here maybe one of his strategies to promote it.

Posted by Sslee > 2023-10-13 09:14 | Report Abuse

To be fair to CapA, covid-19 is responsible and most likely the last straw that broke the camel's back is weakening RM and increasing interest rate.

Posted by paulthesotong > 2023-10-13 09:17 | Report Abuse

*MYAirline's action to suspend operations abruptly an irresponsible act that can tarnish country"s image..... Loke*

So Bursa would not like to delist or suspend Airasia.. U in goodseat!

Posted by paulthesotong > 2023-10-13 09:22 | Report Abuse

..Free Flows..

https://www.bernama.com/en/general/news.php?id=2233945

Posted by Sslee > 2023-10-13 09:34 | Report Abuse

CapA expand too fast with cheap ticket and aim to capture the whole Asean market.

Stony was played out in India market by the JV partner. Poker man can't delivered the promised AA China. AA Japan JV partner choice bankruptcy and AA philippine JV partner pass the hot potato with billion in liabilities back to Stony. What else can Stony do?

Posted by BobAxelrod33 > 2023-10-13 09:40 | Report Abuse

Borrow more money?.... Reputation already well know on Earth to Neptune, some even say to Pluto!!

Posted by TianChoi1 > 2023-10-13 09:45 | Report Abuse

MYAirline’s action to suspend operations abruptly tell us something. U need a lot of money to run the airline business.
CapitalA keep on borrowing money in spite of the facts that pent up travel has reached the highest in the last 2 quarters yet they need to keep getting loan after loan . U are not in good seat looking at this. “PN17 status already with Hugh debt to pay”
Anyway foods for thought!!!!
Your money. Your decision.

Posted by paulthesotong > 2023-10-13 09:46 | Report Abuse

Indeed CapA to raise more capital, We shall see esp when u in PN17.

Posted by BobAxelrod33 > 2023-10-13 09:49 | Report Abuse

Then, of your 2 Options.....maybe eating kimchi is better than curry rice......


Posted by i3lurker > 9 minutes ago | Report Abuse

2 Options

stony migrate to Korea and eat Kimchi daily.
or
borrow RM2 Billion per year for next 50 years, will need millions of Suiyee Sucker Bilis

Posted by StartOfTheBull > 2023-10-13 10:08 | Report Abuse

So the consistent copy and paste of thn financial numbers during the past three years was just an absurb act after all.


Sslee

2,719 posts

Posted by Sslee > 47 minutes ago | Report Abuse

To be fair to CapA, covid-19 is responsible and most likely the last straw that broke the camel's back is weakening RM and increasing interest rate.

Posted by Sslee > 2023-10-13 10:31 | Report Abuse

More than 90% of investors lose money because they do not read and understand financial report: P&L, Balance Sheet and Cashflow Statement.

That is why I consistent copy and paste of thn financial numbers so that i3 readers can have some understanding on the financial numbers or else you will be conned by the pump and dump conman to chase high.

Posted by StartOfTheBull > Oct 13, 2023 10:08 AM | Report Abuse
So the consistent copy and paste of thn financial numbers during the past three years was just an absurb act after all

Posted by Sslee > 2023-10-13 10:37 | Report Abuse

By the way, CapA financial report is real and tell the truth the whole truth and nothing but the truth unlike Serbadk financial report with accounting fraud/fake accounting.

Posted by Johnchew5 > 2023-10-13 10:42 |

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Posted by paulthesotong > 2023-10-13 11:04 | Report Abuse

https://theedgemalaysia.com/node/685988

Posted by Johnchew5 > 2023-10-13 11:04 | Report Abuse

Capital A stands to benefit most from MYAirline suspension, says Maybank IB
TheEdge Fri, Oct 13, 2023 09:56am - 1 hour


KUALA LUMPUR (Oct 13): Maybank IB Research has maintained its “positive” stance on the Malaysian aviation sector and said Capital A Bhd stands to benefit the most via higher fares, following MYAirline Sdn Bhd abruptly suspending its flight operations.

In a note on Thursday (Oct 12), the research house said that by its estimation, Malaysia Airport Holdings Bhd (MAHB) could be mildly negatively impacted on fewer passengers and a potential provision for doubtful debts, while AirAsia X Bhd (AAX) would not be impacted at all.

On MAHB, Maybank IB expects the airport operator to be mildly negatively impacted.

It said MYAirline accounted for less than 10% of MAHB’s Malaysia domestic passenger traffic and less than 2% of revenue and estimates, considering domestic passenger service charges (PSCs) are 5x-7x lower than that of international PSCs.


“There are also amounts outstanding to it from MYAirline but MAHB assures us that any provision will not have a material impact (i.e. less than 5%) on earnings.

“On AAX, we do not expect it to be affected at all. MYAirline was operating narrow body Airbus A320s that fly to domestic and Asean destinations. AAX operates wide body Airbus A330s that fly to destinations beyond Asean (except Bali),” it said.

Maybank IB said MYAirline competes directly with Capital A’s 100% owned Malaysia AirAsia (MAA), which historically contributes more than 80% to group earnings.

“Coupled with the delayed delivery of narrow body Boeing B737 MAX 8s to Malaysia Airlines (Not Listed), the industry’s domestic capacity will take time to return to 100% of 2019 (pre-pandemic) levels (Maybank Investment Banking Group estimate: 80%-90% currently).

“This will exert upward pressure on fares.

“Moreover, the timing of MYAirlines’ suspension is at the start of the year-end travelling period. Fares tend to peak in 4Q, which may mean a bumper 4Q2023 for Capital A. All else being equal, every RM1 higher than average MAA fare will accrete RM25 million-RM30 million to group earnings,” it said.

Posted by cmiko888 > 2023-10-13 11:19 | Report Abuse

Ok good news = price drop time! :D

Posted by StartOfTheBull > 2023-10-13 11:49 | Report Abuse

SSLee relies too much in financial statements, example Insas. As AirAsia is still surviving post pandemic, that could be the reason why he is very depressed, and sometimes he is over excited with his chat mate old Ahkua. 😁

Posted by paulthesotong > 2023-10-13 11:52 | Report Abuse

Crab logic ,crab language, crab brain. He.. What do u expect?

Posted by geary > 2023-10-13 12:44 | Report Abuse

cmiko888
Ok good news = price drop time! :D
58 minutes ago
StartOfTheBull
SSLee relies too much in financial statements, example Insas. As AirAsia is still surviving post pandemic, that could be the reason why he is very depressed, and sometimes he is over excited with his chat mate old Ahkua. 😁
Stagnant n lost too much $£¥, their mind, body n soul become irrelevant, copied out their fears, their pessimism, their stubbornness 🤔
Buy n Hold those companies that are Too Good To Be True!
Never benefits general public shareholders, paying below market rates of return.
Crab logic, n sarcastic, crabs always walk sideways. Every animals walk forward.
We holder of AAGB now CAPITALA BHD, are fully optimistic, will survive COVID turbulence.
Regularisation Plan extended is confirmed. Will announce in 2 weeks.
All debts are covered by Cash Flow from operation, going forward. Plus all interest payments are covered now n before.
The only PN17, criteria is Negative Equity, that will be solved sooner or later.
Core Aviation n Aviation Services are booming, cash flows are flowing non stop.
Earnings Growth Prospects are Great Now🤔
Be Optimistic, Market Value, will follow Up, 🚀, hopefully ASAP
Long Live AirAsia 🛫✈️🚀