Criticising even during the weekends when no one replied to you? You should give it a rest, we get that you dislike Tony/AirAsia and perhaps want to see them fail based on your prior comments, your words and everyone else's words here don't matter especially in forums like this, but as a shareholder, I encourage you to buy a lot and openly question the management during the next AGM if you want your voice to actually be heard
My comment is for everyone to think for a second is capA financial standing become better off or worse off from 31/12/2022 to 31/12/2023?
What has went wrong in the past 1 year when even MAS make profit but CapA finacially become worse off?
Did capA BOD and Management do the right thing for capA employees and shareholders? And why capA did not negogiate a better lease and interest on lease payment from the lessors?
We all already know whatever you are saying hence the current share price, it's public information, we don't need you to tell us to "boycott" whatever counter you dislike like how some segments in Malaysia calling for a boycott to KK Mart because they dislike something.
What investors really want to know are their restructuring plan, valuation on Capital A's aviation arm & how many shares & Cash Cap A will get in, $400m fund raising & relisting plan, $200m revenue bond, further details on SPAC, $30m fund raising for AirAsia MOVE, Teleport fundraising and listing plans for Cap A's digital businesses in the future. We already know their balance sheet is bad in the current state, but people like me are interested in this counter because we are betting that Cap A's management can pull off the restructuring plan and get out of PN17.
I am holding this counter for the long-term, I am not denying it is high risk, sure there might be dilutions in the future as well but if they managed to pull of their restructuring plan and get out of PN17, I won't be surprised if my investments here will be a multiple bagger within the next decade.
That's why if you have any questions, I am recommending you to ask the management during the next AGM. Looking forward to hear your questions in the AGM. Hopefully you can put your skin in the game and don't coward out.
SSLee has been putting so much attention and comments non stop in AAX and Capital A forums for the past five years, by right he should buy at least a minimum 100 units of share in Capital A to attend in person at the AGM to raise questions.
sslee say he buy at 0.70 ... he already earn 1 sens... soon rm 1 he will earn 30 sens,, go sslee support tony together we will FLY ... vroom to phewwwwww
Posted by ykyew11 > 42 minutes ago | Report Abuse @xiaoeh Maybe good sharing for the first time, but for the 50th to 100th time, it is spam at least to me
😂😂 Sslee sifu then update quarterly la when quarter result out...
Many people suffered from confirmation bias where when one hold capA share he/she lose his ability to be impartial and tend to look only for information and process information in favor of capA no matter how bad the reality can be.
Anyway I do not blame them since Stony is such a sweet talker. Stony is so good and convicing in presenting his case on capA untill many are living in different reality.
Posted by Mabel > Mar 20, 2024 4:07 PM | Report Abuse Yes lah.. Our Capital A so steady... Every day cum it climbs just like AirBuss Captain A, the Magician Airlines
And then there is this delusional OleOleOle: Stony must be rolling on the floor laughing non-stop if he happen to read the below.
Posted by OleOleOle > Mar 15, 2024 1:31 AM | Report Abuse New out of PN17 option without selling AA Aviation business to AAX:
Action 1: Assume excess valuation for each plane of US$3.8mil. Or may be higher! LOL Total 219 air planes yield excess value gain of RM3,821mil (1US$ to RM4.5915)
Action 2: Don't give free CAPI shares to CapA investors, but instead use it to double the goodwill from US listing. Goodwill RM2.36 bil to RM4.72 bil.
Action 3: Make agressive profit target for 2024: RM2 bil net profit after tax. LOL
Action 4: Stop buying new planes for one year. LOL
To get out of PN17: Total Equity Deficit = - 10,469.5 mil (RM) Valuation gain = 3,821.0 mil (RM) US Listing Goodwill = 4,720.0 mil (RM) [Note: No free CAPI share to CapA investors.] 2024 Profit target = 2,000.0 mil (RM) -------------------------------------------------------------- Net Cap-A Equity = 71.5 mil (RM) == 1.7c NAPS
A bit rich taking the high chair and calling out others on confirmation bias huh when all you do is criticise AirAsia. The very fact you emailed research houses just because your conclusions differ from the analyst... maybe you should self reflect because you are bias, frankly it is a bit hilarious to see a non CFA holder taking the high chair thinking everything he says is right.
I still want to see you in the AGM raising your questions since that actually benefits shareholders, but I guess you are don't have the guts to do so.
Monday 1 January 2024 1 USD = 4.5951 MYR Friday 29 March 2024 1 USD = 4.7247 MYR
Brent crude at 1 Jan 2024: USD 75.54 Brent crude at 29 March 2024: USD 86.97
So quarter 1 end 31/3/2024. What will be capA realised and unrealised currency exchange losses? And What will be capA jet fuel cost? Can capA make any profit for quarter 1 end 31/3/2024?
Just for information I am not a shareholder of AAX or capA but that did not stop me from presenting the available figures and facts to whoever interest in reading this i3 capA forum.
By the way anything wrong on facts and figures that I used to reprimand the TA analyst?
As a qualified and certified CFA your report should be based on your professional opinion/view on what was presented to you by CapitalA (Facts and Figures) and not your personal biased opinion. Quote; ”The increase in capital deficit would not derail its regularisation plan to uplift the company from PN17. 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. The operating cash flow inflow was stable at RM484.9mn, boosting the group’s total cash to RM735mn as at June-23” Unquote
Capital A financial - Group EBITDA up 325% YoY to RM462 mil on the back of Revenue of RM3.2 bil - Group operating cash flow over RM1 bil.
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.
I am chemical engineer by profession (MU 1986 chemical engineering graduate). I had taken some course on accounting for non accountant as my jobs involved reading financial account and preparing project IRR and production costing.
Well at present, I am incline to believe the TA analyst but who knows time will tell, AAX will likely bear the brunt eventually since majority of the debt comes from aviation, hence the fund raising post disposal. It is mentioned in the interview with Tony that post disposal, Capital A will have little debt, primarily from the $100m for ADE and $35 for Teleport. Main question is whether Bursa will approve lifting PN17 after the disposal or will require Capital A to post profits for 1 or 2 quarters.
Will AAX's BOD be considered as commiting the below offend if they take on capA aviation's assets and liabilities knowingly very well that after the merged AAX most likely will default in debts repayment? (Need another round of debts restructure, capital reduction and shares consolidation)
The Companies Act 2016 (“CA 2016”) codifies a general duty on directors’ conduct of trading in a company close to the point of insolvency and any potential liabilities on that account. In broad terms, ‘insolvent trading’ may also be referred to as ‘wrongful trading’ and ‘fraudulent trading’.
Wrongful Trading In the CA 2016, an offence of wrongful trading is captured in section 539(3) that:
“…an officer of the company who knowingly was a party to the contracting of a debt had, at the time the debt was contracted, no reasonable or probable ground of expectation, after taking into consideration the other liabilities, if any, of the company at the time, of the company being able to pay the debt, commits an offence…”
Fraudulent Trading Whereas section 540(1) of the CA 2016 stipulates an offence of fraudulent trading as below:
“If it appears…that any business of the company has been carried on with intent to defraud the creditors of the company or creditors of any other person or for any fraudulent purpose, the Court may declare that any person who was knowingly a party to the carrying on of the business in that manner shall be personally responsible…”
If an offence under section 539(3) has been made out, offenders may be punishable with a maximum imprisonment of 5 years or a maximum fine of RM500,000, or both. Reading together with section 540 of the CA 2016, it is added that the offender may even bear personal liabilities for the payment of the whole or any part of the company’s debt without any limitation of liability upon a court’s declaration
wow china is taking interest on cap A.. jack ma must like tony. soon the world will know cap A , nasdaq golen stock, dont miss , shoot up and fly non stops ,,, no return, one WAY !
Sslee This is because MAS reset it Balance sheet with a debt restructure whereas capA Balance Sheet is a total disaster. 31/12/2023: 31/12/2022 RM'000: RM'000 Total equity: (10,469,461): (9,516,958) Shareholders' equity: (8,710,574): (5,725,093) Net current liabiliaties: (12,507,207): (8,509,066)
Malaysia Aviation Group Awarded the ‘Restructuring Deal of the Year’ Award at The Aviation 100 Deals of the Year Awards 2022 13 MAY 2022|MALAYSIA AVIATION GROUP KLIA, 13 May 2022: Malaysia Aviation Group (MAG) has emerged as the winning entity for ‘Restructuring Deal of the Year’ at the Airline Economics’ The Aviation 100 Deals of the Year Awards 2022 following the successful restructuring exercise, which saw the Group reduce its liabilities of over RM15 billion and eliminating RM10 billion in debt mounted from decades-long issues of its balance sheet. 23/03/2024 11:52 AM
Cap A lease payment to lessors are now: Quarter end 31/12/2023 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
Haha bought oledi. Been in and out of this counter many times. BUY LOW SELL HIGH and oledi locked profits. Holding cost is so good..always GREEN as this counter P&L is very positive and has always been positive.
Mabel loves this operator. So holding CapitalA is never a problem..
Worry about capital gain in CAPITALA and no dividend ? Why dont buy loan stock to enjoy 8% interest and convert loan stock into mother stock once CAPITALA share price go beyond exercise price of RM0.75?
After listing in USA, you also can buy their USA shares to enjoy royalty income payout first while waiting share price go up.
Cashflow (dividend, interest, royalty) is a form of motivation to keep me hold this share (asset).
KUALA LUMPUR (April 9): The negotiation period for Capital A Bhd’s sale of AirAsia's aviation business to AirAsia X Bhd (AAX) has been extended for the second time to April 30, 2024, the two listed companies said.
Capital A and AAX have mutually agreed to extend the negotiation period for the sale of the aviation subsidiaries, namely AirAsia Bhd (AAB) and AirAsia Aviation Group Ltd (AAAGL), their respective filings showed.
The negotiation period, which was initially set for two months, was first extended to April 15.
If Microsoft is making a video specially for Malaysia, the international investors are focusing on Malaysia too. More opportunity / travel to Malaysia? We will find out in future.
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....
ykyew11
487 posts
Posted by ykyew11 > 1 month ago | Report Abuse
Criticising even during the weekends when no one replied to you? You should give it a rest, we get that you dislike Tony/AirAsia and perhaps want to see them fail based on your prior comments, your words and everyone else's words here don't matter especially in forums like this, but as a shareholder, I encourage you to buy a lot and openly question the management during the next AGM if you want your voice to actually be heard