Posted by spammerx > 2024-04-29 06:16 | Report Abuse

Restructuring debt like berjaya group. Sure many got burn when the stock tank.

Posted by Sslee > 2024-04-29 07:23 | Report Abuse

This is what inside
AAAGL:
• 20.95% equity interest in IAA
• 40.71% equity interest in AAV
• 100.00% equity interest in AA Com (60% AAI)
• 40.00% equity interest in AAI
AAI 99.66% equity interest in PAA
• Investment in convertible bond issued by AAI USD 25 million
• 46.25% equity interest in AAID (with 57.25% equity interest in IAA)

AAV is listed in Thai and hold 100% Thai AA
IAA listed in Indonesia and hold 100% AA indonesia


PAA is unlisted Philippine AA where someone abuse his power to acquired the 60% from JV partner for undisclosed sum and is now 100% owed by AAAGL.

Auditor of PAA has this to say about PAA:
Tony Fernandes literally loses his shirt! Isla Lipana red flags Air Asia Philippines after hemorrhaging P14B in last 2 years
BILYONARYO.COM
October 23, 2023
Things are getting turbulent in Tony Fernandes’ Air Asia Philippines (AirAsia) adventure as the budget carrier has taken a nosedive, racking up a jaw-dropping P14 billion in losses over the past two years.

Isla Lipana & Co., the auditing firm, isn’t pulling any punches and is openly questioning whether Fernandes can navigate AirAsia through financial storm clouds.

In the firm’s latest annual report, Isla Lipana said AirAsia’s massive losses -P7.9 billion in in 2022 and P6.4 billion in 2021 – which have pushed its capital deficiency to P39.9 billion or 60 times its original capital.

Beyond these losses, AirAsia is grappling with unpaid obligations to creditors and aircraft lessors.

As of 2022, AirAsia is mired in a liability quagmire, with P11 billion in dues and demandable payments and another P24 billion due within a year.

The airline’s struggle to meet its obligations predates the pandemic. In 2018, it failed to meet financial commitments related to a P1.78 billion loan from BDO Unibank. The carrier managed to postpone payments to BDO as well as restructure its lease contracts with aircraft suppliers.

Isla Lipana said these figures indicate that a “material uncertainty” exists on its ability to continue as a going concern.

Posted by tianchoy > 2024-04-29 07:51 | Report Abuse

life is not beautiful when u see the facts and figure presented by SSL. Foods for thought!!!! Your money your risk

Posted by Sslee > 2024-04-29 07:51 | Report Abuse

AAV is listed in Thai and hold 100% Thai AA
IAA listed in Indonesia and hold 100% AA indonesia
Since both is listed and have their own BOD and is governed by respective SC rule and regulation.

The question India AA sold to JV partner. Japan AA JV partner prefer to close down.
Then why Stony spend undisclosed sum bought over the 60% of JV partner for an insolvent, debts laddden Philippine AA?

Someone must be out of mind for thinking capA got any money to buy over another insolvent, debts ladden srilankan airlines?

Did someone heard most likely the US listing is off the table?

Posted by Sslee > 2024-04-29 08:01 | Report Abuse

If capA is listed in Thai or Indonesia the BOD will be call up by SC to explain the acquisition of 60% PAA from JV for undisclosed sum for an insolvent and debts ladden PAA

But in Malaysia boleh land. Someone can just abuse his power to do so without disclosing how the acquisition will financial impact on capA.

Posted by hhhiii123 > 2024-04-29 09:29 | Report Abuse

Damn, aax up double..

Posted by Mabel > 2024-04-29 10:01 | Report Abuse

Life is so beautiful when you are flying with a True Magician...hihihi

Fly Robin Fly..

Posted by Mar2083 > 2024-04-29 10:30 | Report Abuse

Hope can test 80sen today
Huat ar

Posted by paulthesotong > 2024-04-29 10:55 | Report Abuse

indeed another satisfied airline customer.
not a surprised.

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

can observe whether tony and kamarudin convert their rcuids and wa.

Posted by DickyMe > 2024-04-29 11:05 | Report Abuse

Who is Robin? Secret affair?

Posted by Sslee > 2024-04-29 11:07 | Report Abuse

Why would Stony and Kamar do that when RCUIDS give them a good fixed interest income that they can use to repay the interest of their borrow money they used to pay for the RCUIDS and free warrants?

Posted by human > 2024-04-29 11:15 | Report Abuse

this is a critical thinking question.

Posted by i3gambler > 2024-04-29 11:22 | Report Abuse

If no reason for them to sell 5099LA, then we buy.

Posted by 80gram > 2024-04-29 12:44 | Report Abuse

tony and friends need to convert to be eligible for AAG shares...wa exercise price is RM1...so need to pump more if warrants also get into play

Posted by Mabel > 2024-04-29 12:51 | Report Abuse

DickyMe Who is Robin? Secret affair?
29/04/2024 11:05 AM

Haha Dicky Dear...

https://youtu.be/wC_kCnm3GYQ?si=FlP8GbzFHr77Ma-e

Fly Robin Fly..
Fly up to the skies..

80 is cumming..hihihi

To Our Success!

Meow Meow Meow

Posted by jenabchen123 > 2024-04-29 13:08 | Report Abuse

Why talk crap... Enjoy the ride!

Posted by JrWarren > 2024-04-29 13:27 | Report Abuse

I will enjoy the ride, collecting interest, wait for share consolidation and get capital gain at the end =)

Posted by paulthesotong > 2024-04-29 14:07 | Report Abuse

Hear the supersonic sound.

https://www.google.com/search?q=airasia+takeoff&sca_esv=00fee2c195b96c2e&tbm=vid&prmd=ivnsmbtz&ei=vDgvZunUBaC64-EPz4mG-Ao&start=10&sa=N&ved=2ahUKEwjpotDb4OaFAxUg3TgGHc-EAa8Q8tMDegQIBRAE&biw=1093&bih=526&dpr=1.25#fpstate=ive&vld=cid:f8c2abb7,vid:QWol1CG6igA,st:0

Posted by ken2004 > 2024-04-29 14:46 | Report Abuse

Lol, wow, you really persistent to defend your position, write till so long when you are not buying, next to see for me will be whether they can exit PN17, the rest too complex for me to understand..........

Posted by paulthesotong > 2024-04-29 14:56 | Report Abuse

https://theedgemalaysia.com/node/709721

Posted by Wasim73 > 2024-04-29 15:19 | Report Abuse

Hi guys...can anyone explain ..how this would affect our current holding of Capital A ?
An entitled Capital A shareholder would receive up to 397 NewCo shares for each 1,000 Capital A shares held, depending on Capital A’s shares based on the entitlement date

Posted by paulthesotong > 2024-04-29 16:48 | Report Abuse

Out of jail cellPn17 by June!

Posted by DickyMe > 2024-04-29 17:58 | Report Abuse

397 FREE ker?

Posted by paulthesotong > 2024-04-29 19:00 | Report Abuse

Fly and chew gum.

Posted by Mabel > 2024-04-29 20:52 | Report Abuse

Yes Lah...Capital A will be out of the storm by June 2024.
https://theedgemalaysia.com/node/709721

KUALA LUMPUR (April 29): Shares of Capital A Bhd and AirAsia X Bhd (AAX) climbed further during Monday’s morning trading session.

• AAX, which is buying AirAsia’s short-haul airline businesses currently parked under Capital A, saw its shares rise as much as 18 sen or 13.14% to RM1.55 in the morning session. The counter is up 27% in the last five days. At noon break, the counter is still up 13 sen or 9.49% at RM1.50, valuing the group at RM670.61 million. Trading volume surged to 15.28 million shares, five times its two-month average of 2.69 million shares.

• Shares of Capital A rose as much as six sen or 8.16% with 52.9 million shares traded, more than five times its two-month average volume of 9.28 million. At noon break, the counter is still up 5.5 sen or 7.48% at 79 sen, valuing the group at RM3.32 billion. The counter is up 17.9% in the past five trading days.

Capital A has also proposed to distribute 73.33% of the NewCo shares to its shareholders via capital reduction (RM2.2 billion worth, based on transaction price of RM1.30 apiece). An entitled Capital A shareholder would receive up to 397 NewCo shares for each 1,000 Capital A shares held, depending on Capital A’s shares based on the entitlement date.

To New York with Loves..

Captain Mabel Meow

Posted by Mabel > 2024-04-29 20:53 | Report Abuse

Life is so beautiful when you are flying with the World's Best Magician.

Syabas Tony and Team!

Meow Meow Meow

Posted by EngineeringProfit > 2024-04-29 20:53 | Report Abuse

Next stop - where? 2.00?

Posted by The_JQuestion > 2024-04-29 20:54 | Report Abuse

sslee cannot believe it . he know swear tony go to jail . ppl show him super SHOW , he not grateful. we are all grate ful , the beginning of a new ERA. cambodia airasia take off next month , MORE TO COME ? a beginning to our HUAT CHAI :)

Posted by Mabel > 2024-04-29 20:56 | Report Abuse

DickyMe 397 FREE ker?
29/04/2024 5:58 PM

Stand to be correct...Mabel thinks it FREE to compensate the share dilution with NewCo..

Anyway, let's wait for more good news to cum..

Meow Meow Meow

Posted by Mabel > 2024-04-29 22:30 | Report Abuse

EngineeringProfit Next stop - where? 2.00?
29/04/2024 8:53 PM

CAPITALA & AAX: Let our powers combine.

Restoring CAPITALA to BUY, upgrade AAX to BUY Details of the merger between CAPITALA’s 4 airlines and AAX were released.

For CAPITALA, more needs to be done to lift its PN17 classification. The merger is value dilutive in the short term but may be value accretive in the long term.

We restore our BUY call and MYR0.94 SOP-TP on CAPITALA. For AAX, the merger is EPS neutral but may be value accretive due to the more stable earnings profile of the enlarged group; we maintain our MYR1.52 TP. With 26% upside, we upgrade AAX to BUY

Source: Mabel Tiger Bank..

Posted by paulthesotong > 2024-04-29 22:36 | Report Abuse

Operating Results don't lie n it's not a fake news

https://newsroom.airasia.com/news/capital-a-1q2024-operating-results#gsc.tab=0

Posted by The_JQuestion > 2024-04-30 00:01 | Report Abuse

tomorrow 90 sens no PROBLEM !!! all the way SKY HIGH , courtesy of CAptain tan sri tony !

Posted by Mar2083 > 2024-04-30 07:29 | Report Abuse

Look like may test 85sen today
Huat ar

Posted by jenabchen123 > 2024-04-30 07:30 | Report Abuse

Slurping soda while watching movie. Now can afford to buy popcorn too. May be caramel popcorn today? June is just 2 mths away.

Posted by Sslee > 2024-04-30 08:02 | Report Abuse

29-Apr-2024 Meeting Notice General Meeting on 13-Jun-2024.
Will buy 1,000 unit to qualify myself as shareholder to submit AGM questions.

Posted by Sslee > 2024-04-30 09:06 | Report Abuse

Done
08:55AM 5238 AAX Buy 1,000 1.540 1,000 1.530000 1,530.00 All Matched
08:40AM 5099 CAPITALA Buy 1,000 0.795 1,000 0.795000 795.00 All Matched

Stock : 5238 - AAX
Ref No.
Date
Transaction Type
Quantity
Price
121400866 30/04/2024 Buy 1,000 1.530

Stock : 5099 - CAPITALA
Ref No.
Date
Transaction Type
Quantity
Price
121400905 30/04/2024 Buy 1,000 0.7950

Posted by zzzzz > 2024-04-30 09:11 | Report Abuse

All turning red now.......gg

Posted by Mabel > 2024-04-30 09:26 | Report Abuse

Haha so nice. Some nice Uncles and Aunties matched Mabel's bid price at 79 and 78

Let's fly to New York. Capital A shareholder would receive up to 397 Nasdaq NewCo shares for each 1,000 Capital A shares held,

To Our Success

Meow Meow Meow

Posted by stronk96 > 2024-04-30 10:11 | Report Abuse

Hi dear fellow friends, i would like to enquire and ask u guys on the 5099-LA RCUIDS, is it mean we could receive 6c per share and also we can convert 5099LA into mother share at zero conversion cost at anytime till 2028? is my understanding correct? thanks

Posted by Sslee > 2024-04-30 10:31 | Report Abuse

Issue Price and Conversion Price
The RCUIDS shall be issued at 100% of its nominal value of RM0.75 each. The Conversion Price is also fixed at RM0.75 each for every 1 new AAGB Share.

Since RCUID issue price and conversion price are fixed at RM0.75. Thus you can surrender your RCUID to be coverted to mother share anytime before maturity date.

Any uncoverted RCUID on maturuty date will be redeemed back at RM 0.75

Posted by stronk96 > 2024-04-30 10:33 | Report Abuse

hi @sslee, does it mean, every holder of LA can surrender such LA to be converted to mother at zero cost? then why buy mother when u can buy LA with 6c every year?

Posted by Sslee > 2024-04-30 10:42 | Report Abuse

hi @sslee, does it mean, every holder of LA can surrender such LA to be converted to mother at zero cost?
The answer is yes.

You now know why Stony design the RI of RCUIDS with free warrants instead of RI of equity Right Issue shares with free warrants?

Stony and Kamar were using borrow money to subscribe for their RI entitlement and no bank will lend any money for borrowers to subsribe for a PN17 shares.

Posted by stronk96 > 2024-04-30 11:01 | Report Abuse

hi @sslee, does it mean, every holder of LA can surrender such LA to be converted to mother at zero cost?
The answer is yes.

You now know why Stony design the RI of RCUIDS with free warrants instead of RI of equity Right Issue shares with free warrants?

Stony and Kamar were using borrow money to subscribe for their RI entitlement and no bank will lend any money for borrowers to subsribe for a PN17 shares.

Question: I see, thanks for your insight, i would like to ask, whats the risk in investing in 5099LA instead of investing in 5099 mother share?

Posted by Sslee > 2024-04-30 11:09 | Report Abuse

The reason why bank do not lend money to PN17 company is because the normal route out of PN17 is debts restructure, capital reduction, share consolidation and then new capital injection.

Everyone required to take a hair cut to save the company.

Do you think CapA can exit PN17 by arm-twisting AAX to take over capA aviation at the expense of AAX survivability?

Posted by DChosen2 > 2024-04-30 11:11 | Report Abuse

The free share seem like pretty good deal. Gonna enjoy the final qtr profit before converting rcuid and warrant.

Posted by Sslee > 2024-04-30 11:15 | Report Abuse

LA risk is lesser than mother share as long as capA survive and LA holders will continues received the interest payment and on maturity get back your RM 0.75 irrepective whether mother share drop to penny stocks.

But if capA go burst that everyone suffered.

Posted by DickyMe > 2024-04-30 11:21 | Report Abuse

The only non holder, yapping away for couple of years, while others are busy making money.
If you are concerned about investors, start an investment institution to guide beginners. Boleh?

Posted by Sslee > 2024-04-30 11:29 | Report Abuse

This morning I just bought 1,000 capA and AAX share. Stony can't run away from answering my AGM/EGM questions now or can he?

Warren Buffett once said, “The worst sort of business is one that grows rapidly, requires significant capital to engender the growth, and then earns little or no money. Think airlines.”

Posted by paulthesotong > 2024-04-30 11:34 | Report Abuse

into blue sky

https://www.travelandtourworld.com/news/article/capital-a-berhads-q1-2024-report-shines-spotlight-on-airasia-berhad-and-beyond/