Posted by paulthesotong > 2024-02-28 21:32 | Report Abuse

CaptainAmerica goes to Big Apple.

Posted by JrWarren > 2024-02-28 21:40 | Report Abuse

Conclusion:
1. CAP A reduce the accumulated loss by RM4.5b and USD150m loan transferred to USA company.
2. Existing CAP A shareholder is likely getting USA company new share, I guess the ratio is 4 existing CAP A share to 1 new USA share. USA company not a CAP A subsidiary as the shareholding is less than 51%, so the above 4.5b loss will not show at CAP A balance sheet.
3. 1% of CAP A revenue will go to USA company, roughly RM130M (or USD27.1M) cash confirm masuk pocket based on 2023 estimated revenue of RM13b.
4. Since CAP A cant pay dividend now due to negative networth, I think this is the alternative way to reward shareholder with cash.
5. Learn how AA makes money: https://i.imgur.com/8K1weV2.png
6. CAP A changing operating strategy and wanna transform Malaysia / Thailand into second Dubai (AKA ASEAN international transfer hub), the strategy will increase the group revenue in near future.
7. Flight traffic is expected to increase by a lot in ASEAN region due to China de-risking policy. AA aggressive flight expansion to cater regional demand increased and keeping the advantage of economic of scale operation.
8. B40 & M40 remain as CAP A target customer, so AFFORDABLE ticket is important

Posted by Mabel > 2024-02-28 23:51 | Report Abuse

#JrWarren Conclusion:
1. CAP A reduce the accumulated loss by RM4.5b and USD150m loan transferred to USA company.
2. Existing CAP A shareholder is likely getting USA company new share, I guess the ratio is 4 existing CAP A share to 1 new USA share. USA company not a CAP A subsidiary as the shareholding is less than 51%, so the above 4.5b loss will not show at CAP A balance sheet.
3. 1% of CAP A revenue will go to USA company, roughly RM130M (or USD27.1M) cash confirm masuk pocket based on 2023 estimated revenue of RM13b.
4. Since CAP A cant pay dividend now due to negative networth, I think this is the alternative way to reward shareholder with cash.
5. Learn how AA makes money: https://i.imgur.com/8K1weV2.png
6. CAP A changing operating strategy and wanna transform Malaysia / Thailand into second Dubai (AKA ASEAN international transfer hub), the strategy will increase the group revenue in near future.
7. Flight traffic is expected to increase by a lot in ASEAN region due to China de-risking policy. AA aggressive flight expansion to cater regional demand increased and keeping the advantage of economic of scale operation.
8. B40 & M40 remain as CAP A target customer, so AFFORDABLE ticket is important
28/02/2024 9:40 PM#


From ride to rail, Mabel Airlines are making your daily commute seamless and stress free with extra savings!

Well Done Tony, you are providing E2E Services to your customers...

AirAsia will also replace Grab soon in Klang Valley...hihihi

Posted by Mabel > 2024-02-29 00:02 | Report Abuse

Proud to be one of the shareholders of Capital A!

Thank you for sharing JR!

Mabel Loves it!

To Our Success !

Captain Mabel Meow

Posted by Mabel > 2024-02-29 00:03 | Report Abuse

paulthesotong CaptainAmerica goes to Big Apple.
28/02/2024 9:32 PM

Cheers Paul!

To Wall Street here we cum...

Meow Meow Meow

Posted by Mabel > 2024-02-29 00:23 | Report Abuse

There are three key Pillars in running a business, Income Statements, Balance sheets and Cash flow Statements and Tony is managing this business, totally outside the box.

Let’s explore how Tony Fernandes and Capital A International (previously known as AirAsia Group Berhad) are interconnected in the context of the AirAsia brand and its business:

Tony Fernandes is a prominent entrepreneur and co-founder of AirAsia. He acquired AirAsia in 2001 and transformed it into a global airline, democratizing air travel in the Southeast Asia region. Under his leadership, AirAsia grew from just two planes to a fleet of 242 aircraft, making it Asia’s largest low-cost carrier and one of the strongest airline brands globally.

Role in Capital A: Tony Fernandes now leads Capital A International (CAPI), a global brand management platform. CAPI specializes in the expansion, management, and licensing of the AirAsia brand. His vision is to capitalize on AirAsia’s brand value through additional licensing and to deploy proven strategies to promote Asean brands globally.

Capital A International (CAPI): CAPI leverages the expansion, management, and licensing of the AirAsia brand. It serves as a dynamic global marketing catalyst for Asean brands. CAPI aims to consolidate both long and short-haul airlines under the AirAsia brand.

Business Combination: CAPI finalized a business combination agreement with Aetherium Acquisition Corp (a Special Purpose Acquisition Company or SPAC). This agreement allows CAPI to be publicly listed in the U.S. stock markets. The proposed transaction represents an enterprise value of approximately US$1.15 billion.

Gateway for Investors: By investing in CAPI, global investors gain access to the growth potential of the massive 680-million-strong Asean population. Asean is on track to become the world’s fourth-largest economy by 2030.

In summary, Tony Fernandes, with his remarkable track record in the aviation industry, now leads Capital A International, which continues to champion the AirAsia brand and expand its influence globally

https://newsroom.airasia.com/news/capital-a-international-owner-of-the-iconic-airasia-brand-to-be-publicly-listed-in-the-us-through-business-combination-with-aetherium-acquisition-corp#gsc.tab=0

Meow

Posted by Mar2083 > 2024-02-29 07:35 | Report Abuse

Potentially may up trend today

Posted by Sslee > 2024-02-29 08:31 | Report Abuse

Expected gain arising from the Proposals
The Proposals are not expected to result in a pro forma gain or loss to the Group as a result of the Proposed Brand Disposal.

However, the Proposals are expected to result in a pro forma improvement to theshareholders’ equity of the Group of RM2.49 billion based on the assumptions as set out in Section 7.2.

By giving away/monetised 1% of aviation revenue capA able to improve the shareholders’ equity of the Group by RM2.49 billion. It help but is it enough?

Note: As at 31/9/2023 capA shareholders' equity is negative RM 8,427,155,000

By end of taday you should know the new number as at 31/12/2023.

Posted by JrWarren > 2024-02-29 08:41 | Report Abuse

To be precise, USA company holding all IP and brand name of AA (intangible asset).
Tony selling AA every year 1% annual revenue to USA company, in exchange for USD1.15B for business expansion in ASEAN.
As a shareholder of USA company, I get pay 1% AA annual revenue as ROYALTY payment. Bear in mind that air traffic and revenue of CAP A are increasing now and future (with the business expansion plan).
Just like Apple using Nokia patented design, Apply needs to pay Nokia royalty.
The method of valuation calculation is stated in the bursa pdf, have urself read the document for further understanding.

Posted by JrWarren > 2024-02-29 08:45 | Report Abuse

Quote: @Sslee - Note: As at 31/9/2023 capA shareholders' equity is negative RM 8,427,155,000

31/9/2023 , Tony go to moon order nasi lemak.

Posted by Sslee > 2024-02-29 08:53 | Report Abuse

No cash injection what capA and capA shareholders get is share units of CAPI that will take over the listing status of GMFI

The shareholding of CAPI will be:
CapA 46.1%
Shareholders of capA 47.9%
Shareholders of GMFI 6%

CAPI earning will be 1% aviation revunue minus interest and loan repayment USD 150 million minus admin and management cost.

Posted by Sslee > 2024-02-29 08:58 | Report Abuse

Addition information from AA newsroom

In addition to the AirAsia brand, CAPI holds the intellectual property rights for 14 other renowned brands and over 224 trademarks spanning 23 countries. CAPI's platform integrates brand strategy, creative marketing and intellectual property development to strategically position its brands and cultivate cultural significance among consumers. The company intends to leverage the brand value of AirAsia through further licensing while implementing its successful strategy to propel and expedite the growth of its intellectual property portfolio.

Posted by Sslee > 2024-02-29 09:06 | Report Abuse

The next step is to sell capA aviation to AAX in all shares payment in lieu of cash.

This one will be very difficult because the creditors and lessors will not agree to transfer of debts from capA to AAX.

Posted by EngineeringProfit > 2024-02-29 09:13 | Report Abuse

Calling Captain Mabel. HOw's the weather today? FLight expected to be smooth?

Posted by JrWarren > 2024-02-29 09:19 | Report Abuse

Creditors and lessors will agree to transfer the debts from AA to AAX via the ownership buyout because their debt contracts are secured by the aircraft, new borrower of AAX is totally fine as long as the company make money and continue to service the debt.

CAP A debt will not be transfer to AAX because the MRO, santan, app service are not part of AA business.

Posted by Sslee > 2024-02-29 09:23 | Report Abuse

Know how much AAX pay their creditors as final settlement during their last debts restructure?

Posted by nicholas99 > 2024-02-29 09:42 | Report Abuse

so how? buy or sell?

Posted by EatCoconutCanWin > 2024-02-29 09:58 | Report Abuse

Spac ITU apa? I bought 0.735

Posted by EngineeringProfit > 2024-02-29 10:01 | Report Abuse

I bought below 0.68, get back capital @0.735. Keeping foc stocks only

Posted by EatCoconutCanWin > 2024-02-29 10:29 | Report Abuse

wow.. clever lo

Posted by OleOleOle > 2024-02-29 11:04 | Report Abuse

A big miscalculation by Tony!!! He does not understand typical Malaysian!
Giving freebie to Malaysian is okay. But if you asks Malaysian to fork out money..... hmmmm.... that's not a good idea! LOL ..... especially Ringgit is at its lowest against USD. But at the very least, he did give the FIRST offer to CapA investors. Those with big pockets would still take up.

On the other hand, the plans did not explain:
1. How it solves CapA big debts.
2. How it helps CapA get out of PN17.
3. How is the future of CapA looks like, i.e. the EPS prediction. Especially on CapA's percentage holding on new AA group.

Hopefully a prospectus to be issued can explains all these questions.

Posted by Sslee > 2024-02-29 11:25 | Report Abuse

The CAPI shares will be distributed free of charge to capA shareholders.

No cash injection what capA and capA shareholders get is share units of CAPI that will take over the listing status of GMFI

The shareholding of CAPI will be:
CapA 46.1%
Shareholders of capA 47.9%
Shareholders of GMFI 6%

Posted by Sslee > 2024-02-29 11:52 | Report Abuse

Watch out whether GMFI get itself delisted from NASDAQ in the next 2 weeks.

Risk of delisting of GMFI
Pursuant to GMFI’s press release dated 1 December 2023, it was disclosed that GMFI had received a “Staff Determination Letter” dated 27 November 2023 (“Letter”) from NASDAQ stating that GMFI had been notified on 10 May 2023 that it had not complied with NASDAQ Listing Rule 5450(b)(2)(A) (“Rule 5450”) as the market value of its listed securities had been below the minimum market value of USD 50 million required for continued listing for 30 consecutive trading days prior to 10 May 2023. Pursuant to NASDAQ Listing Rule 5810(c)(3)(C), GMFI was provided with 180 days or until 6
November 2023 to regain compliance with Rule 5450. As a result, GMFI was informed vide the Letter that its securities will be delisted from NASDAQ on 6 December 2023 unless GMFI request an appeal which it has done so. The appeal hearing was held on 27 February 2024 (“Appeal Hearing”). As at the date of this Announcement, the outcome of the Appeal Hearing is still pending and the decision on the Appeal Hearing is expected to be given in the next 2 weeks.

Separately, GMFI was informed vide the Letter that other deficiencies such as the failure to file its quarterly reports for periods ended 31 March 2023 and 30 June 2023 and non-compliance with the minimum securities holders requirement (“Additional Deficiencies”) formed separate basis for delisting and GMFI would be required to address the Additional Deficiencies before its Appeal Hearing. As at the date of this Announcement, GMFI had addressed the Additional Deficiencies, save for the Additional Deficiencies which requires its shareholders approval at a special meeting
to be held on 5 March 2024.

Following the Appeal Hearing and pending the decision from NASDAQ, GMFI faces the risk of being delisted from NASDAQ, upon which it will no longer maintain its listing status on NASDAQ. In this regards, Capital A has the right to terminate the BCA in the event GMFI is delisted from NASDAQ or trading of GMFI’s listed securities are suspended for more than 1 market day

Posted by EatCoconutCanWin > 2024-02-29 11:54 | Report Abuse

No buy don't talk east talk west. Talk 3talk4.

Posted by ocbc > 2024-02-29 12:05 | Report Abuse

https://mergersandinquisitions.com/great-spac-scam/

SPAC so far not a good stuffs

Posted by OleOleOle > 2024-02-29 12:16 | Report Abuse

@Sslee
If what you said is true, then it is very study move isn't it? Because investors are worried about its hefty debt level and PN17 status. It would be a lot easier if CapA could turn this equity into capital injection into CapA in order to get out of PN17 early, as well as reduce its debt level.
As soon as PN17 lifted, with its EPS of 30c, or even higher, share price of CapA could have easily doubled! That's the reward investors are hoping for!

Posted by Sslee > 2024-02-29 12:28 | Report Abuse

The deal only help to boost its shareholder equity by RM2.49 billion.
It help but still far away from acheiving shareholders' equity of minimum RM 40 million to be considered for uplift from PN 17

At end-September, Capital A’s negative total equity stood at RM10.53 billion.
Shareholders' equity negative RM 8,427,155,000

The announcement also confirms the report in the Feb 19-25 edition of the The Edge Malaysia weekly, which said that parts of the proceeds of the deal, likely in the form of CAPI shares, will be distributed to Capital A shareholders.

The deal will help boost its shareholder equity by RM2.49 billion, a back-of-the-envelope calculation showed. At end-September, Capital A’s negative total equity stood at RM10.53 billion.

It is understood that the gains from the disposal will help Capital A in its road to exit its PN17 status.

Royalty fee for AirAsia brand
Moving forward, CAPI will charge AirAsia Aviation Group Ltd a royalty fee amounting to 1% of revenue from AirAsia’s four airlines in Malaysia, Thailand, Indonesia and the Philippines.

For long-haul carrier AirAsia X, the fee is 0.5%, while Thai AirAsia X will see a higher fee rate of 1.5% of revenue.

CAPI holds IP rights spanning 23 countries, said Capital A in a statement. It has a “stable and recurring revenue stream” from royalty fees, it added.

Posted by johnlim1001 > 2024-02-29 13:35 | Report Abuse

Cap A Q4 2023 Result:
Total equities = -RM10.5 billion

Even look at the short term is in dire shape:
Current asset = RM2.36 billion
Current liabilities = RM14.87 billion

Even with the NASDAQ stunt, Cap A will not be able to pay off the current liabilities.

Posted by EatCoconutCanWin > 2024-02-29 14:05 | Report Abuse

good result...padu tony

Posted by SinGor > 2024-02-29 14:18 | Report Abuse

Operating LOSS= 273mil ( Red)----Save by Forex Gain 389mil

Posted by Sslee > 2024-02-29 14:18 | Report Abuse

So another lose making quarter.
OCT to DEC
Revenue ASK (USD cents): 4.85
Cost ASK (USD cents): 5.06
Average fuel price: USD 125/bbl

Posted by EatCoconutCanWin > 2024-02-29 14:24 | Report Abuse

This is due to minister which control the price of tickets. Christmas, CNY , RAYA. Sure making loss. Unless gov give subsidy like Sugar, electric, poultry, cooking oil.

Posted by Sslee > 2024-02-29 14:26 | Report Abuse

Lease payment to lessors are now:
RM'000
Depreciation of ROU assets: 449,765 culmulative 12 months 1,574,356
Finance cost-lease liabilities: 252,438 culmulative 12 months 908,771

Wonder whether Stony hold any vested interest in lessors company?

Posted by EatCoconutCanWin > 2024-02-29 14:28 | Report Abuse

i advice capital A should register PADU, they should can get incentive by gov

Posted by iCashBooster > 2024-02-29 14:52 | Report Abuse

Never listen to bastad slut mabel. She like tin kosong talk cock everywhere without go thru financial report etc. She lost alot in serba, now in capital a, Tony is like an id1ot who know nothing about management, just dancing2 and enter shirtless meeting. Look like uncapable to run air asia

Posted by iCashBooster > 2024-02-29 14:53 | Report Abuse

all those id1ot say buy low buy low, operator read your comment and push much lower than your current purchase price

Posted by iCashBooster > 2024-02-29 14:53 | Report Abuse

Never listen to bastad slut mabel. She like tin kosong talk cock everywhere without go thru financial report etc. She lost alot in serba, now in capital a, Tony is like an id1ot who know nothing about management, just dancing2 and enter shirtless meeting. Look like uncapable to run air asia


all those id1ot say buy low buy low, operator read your comment and push much lower than your current purchase price

Posted by The_JQuestion > 2024-02-29 14:57 | Report Abuse

only drop... - 2 % ??? are u guys kidding urself ,, hahaha ... power airlines business, will fly hIGH highHHH

Posted by EatCoconutCanWin > 2024-02-29 15:15 | Report Abuse

it can't drop unless big shark dump. need to wait tomolo as big shark foreign investor still in sleeping. tomolo bloody after few shark notice it.

Posted by The_JQuestion > 2024-02-29 15:17 | Report Abuse

if shark arent aware , they wont be called shark... they smell blood before any1 can, they hear what u dont....
2 % and all of u are cheering because losses was predicted... can easily close flat hihi anyone tryna explain 2 % with ur losses complaint?

Posted by EatCoconutCanWin > 2024-02-29 15:19 | Report Abuse

buy in and betting liao. i bought this morning 0.735 , now loss and hold

Posted by The_JQuestion > 2024-02-29 15:20 | Report Abuse

2 % how much can lose? betting high??? sikit saja ,, ada money hold and see ... not costing much , contra burn ur hand

Posted by Patient Investor > 2024-02-29 15:20 | Report Abuse

@Sslee is it accurate measurement by looking at ASK cost/Revenue, as ASK could include maintenance cost, and the company is actively bringing back more non-operating aircraft into operation (which incurred maintenance fee, but not yet revenue).

And the cost-revenue spread is narrowing compare to past 2 quarters

Posted by iCashBooster > 2024-02-29 15:43 | Report Abuse

Never listen to bastad slut mabel. She like tin kosong talk cock everywhere without go thru financial report etc. She lost alot in serba, now in capital a, Tony is like an id1ot who know nothing about management, just dancing2 and enter shirtless meeting. Look like uncapable to run air asia


all those id1ot say buy low buy low, operator read your comment and push much lower than your current purchase price

Posted by SinGor > 2024-02-29 15:48 | Report Abuse

forex Gain is actually fishy ( easy manipulated ) Looks KL Kepong and IOI Corp, I see minimum Gain---Actually
for the last 8 years, the forex loss & Gain between AA and IOI always move in tandem with each other---I donT
know for sure what happen but as a former BarTender like Tony, he can works miracle out of nothing

Posted by Realrich > 2024-02-29 15:58 | Report Abuse

S he I t big losses again

Posted by paulthesotong > 2024-02-29 16:01 | Report Abuse

https://www.thestar.com.my/business/business-news/2024/02/29/capital-a-back-in-the-black-with-rm83698mil-net-profit-in-fy23

Posted by EatCoconutCanWin > 2024-02-29 16:13 | Report Abuse

Capital A also talk about AI , no wonder can't drop

Posted by oldbuddy > 2024-02-29 16:20 | Report Abuse

I hope it can out from PN17

Posted by iCashBooster > 2024-02-29 16:21 | Report Abuse

Never listen to bastad slut mabel. She like tin kosong talk cock everywhere without go thru financial report etc. She lost alot in serba, now in capital a, Tony is like an id1ot who know nothing about management, just dancing2 and enter shirtless meeting. Look like uncapable to run air asia


all those id1ot say buy low buy low, operator read your comment and push much lower than your current purchase price