Posted by Sslee > 1 week ago | Report Abuse

52 Weeks Range: 0.64 - 1.12

The question: defying the odds , i have been here more than a year and I beat them in estimates, dont be too stubborn and only accept traditional view , its OK

So how many times you managed to buy at 0.64 and sell at 1.12.

Meanwhile I already earned my multibagger in trading Insas-WC

Posted by StartOfTheBull > 1 week ago | Report Abuse

SSLee spent years in argument in forum and finally lost to the accountant CEO. Next round SSLee at AGM head on with Tony. 😁

Posted by Sslee > 1 week ago | Report Abuse

I have not decided yet whether should I buy 500 shares and email the IR my prepared hard/probing questions for the AGM/EGM?

Posted by i3gambler > 1 week ago | Report Abuse

Sslee,

May be the case of NESTLE would help to clear the doubt.
Book value / share = RM2.88, but the market price is RM127.20 per share.

https://brandirectory.com/rankings/malaysia/table
According to the above table, AirAsia Brand Value is $1,343m.

Posted by Nepo > 1 week ago | Report Abuse

I believe Sslee said is logic. What is gain in CapitalA will be a lose in Newco.
Tony is smart, first thing first, he rescues CapitalA first.
After CapitalA exit PN17..then it pass the trouble to NewCo.
The additonal risk in NewCo is that Short and Medium haul can make profit, long haul cannot make profit..
...============...==============..===========
"The divestment of AirAsia Aviation Group Ltd (AAAGL) is expected to give rise to a pro forma gain of RM4.69 billion to Capital A, while the disposal of AirAsia Bhd (AAB) would result in a gain of RM6.07 billion.

Do you believe in fairly tale? That debts, lease payment, trade and other payables just disapear into thin air?
Or is this a scam of zero sum gain? What is gain by capitalA will be a lose to Newco. So what will be Newco balance sheet look like?

Just think can money just fall from the sky."

Posted by Sslee > 1 week ago | Report Abuse

Nestle show you the real earning money and do you know how much dividend Nestle give to shareholder yearly without fall?

AirAsia Brand Value is $1,343m. What the used of your brand value when you cannot demand higher price for your products and had to come up with promotion zero/discount fare to filled the planes?

Posted by DickyMe > 1 week ago | Report Abuse

Promotions are to attract customers or rather passenger. This is basic marketing. Every company does that including Nestle, in their own way.

Posted by spammerx > 1 week ago | Report Abuse

The next berjaya group. Shareholder will get burn.

Posted by Sslee > 1 week ago | Report Abuse

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.

Based on the Company’s audited consolidated financial statements for the financial
year ended (“FYE”) 31 December 2022, the Proposed AAAGL Disposal is expected to
result in a pro forma gain arising from the remeasurement of the remaining interest in
AAAGL upon completion of the Proposed AAAGL Disposal of approximately
RM4,691.0 million. The details of the pro forma gain arising from the Proposed
Disposals is set out below:
RM’ million
AAAGL Disposal Consideration 3,000.00
Add: Net liabilities of AAAGL as at 31 December 2022 1,801.00
Less: Derecognition of goodwill in IAA and AAAGL in the Company (45.70)
Less: Transaction costs for the Proposed AAAGL Disposal (4.30)
Less: Estimated capital gains tax (60.00)
Net gain arising from the remeasurement of the remaining interest in AAAGL 4,691.00

Posted by Sslee > 1 week ago | Report Abuse

Since AAV is listed in Thai and IAA in Indonesia respecting Thai and Indonesia SC will governed their listing requirement.
PAA is unlisted and most likely in deep financial trouble and the AAAGL net liabilities of RM 1,801 million most likely majority come from PAA.

So is AAX BOD out of their mind or Stony arm twisting them to accept the deal of paying RM 3 billion in new isssues of Newco shares and at the sametime taking over the AAAGL net liabilities of RM 1,801 billion?

Posted by Sslee > 1 week ago | Report Abuse

Expected gain arising from the Proposed AAB Disposal
Based on the Company’s audited consolidated financial statements for the FYE 31
December 2022, the Proposed AAB Disposal is expected to result in a pro forma gain
on disposal of AAB upon completion of the Proposed AAB Disposal of approximately
RM6,071.45 million. The details of the pro forma gain arising from the Proposed AAB
Disposal is set out below:
RM’ million
AAB Disposal Consideration 3,800.00
Add: Net liabilities of AAB as at 31 December 2022 2,351.75
Less: Transaction costs for the Proposed AAB Disposal (4.30)
Less: Estimated capital gains tax (76.00)
Pro forma gain on disposal of AAB 6,071.45

The NewCo will then acquire Capital A's aviation business — AirAsia Aviation Group Ltd (AAAGL) and AirAsia Bhd (AAB) — for RM6.8 billion. It will be issuing new shares worth RM3 billion in the NewCo to acquire AAAGL, while it will acquire AAB for RM3.8 billion, to be satisfied by assuming RM3.8 billion of the RM3.83 billion worth of debt that Capital A owes AAB.

Newco issuing new shares worth RM3 billion in the NewCo to acquire AAAGL, and at the same time take over Net liabilities of AAAGL as at 31 December 2022 RM 1,801.00 million

Newco acquire AAB for RM3.8 billion, to be satisfied by assuming RM3.8 billion of the RM3.83 billion worth of debt and at the same time take over AAB Net liabilities of as at 31 December 2022 2,351.75 million.

Any suckers for RM 1.00 billion AAX/Newco PP?

Posted by JrWarren > 1 week ago | Report Abuse

Besides the above doubts, there are more to expect after this disposal exercise:
1. CAP-A share capital reduction & shares consolidation
2. MRO new maintenance facility (extra 14 planes capacity) expected to be completed in 2Q or 3Q2024 in KLIA
3. improved Teleport network
4. new business strategy to become ASEAN regional transfer hub.
Therefore, I see grow potential.

The most concern part of AAX makan AA is the AA huge debts (leases contract). How new company going to repay?
Of course these leases mostly are long term (10 years to 15 years), and paid by every year revenue until paid off.
Just like you buy a car, bank approved you 7 years loan, of course you pay every month from your salary until 7th year, right?
As long as business is good, ASEAN no. 1 budget airline takkan lari from paying debt.

Posted by JrWarren > 1 week ago | Report Abuse

Tony paling untung hor, actually not director salary ....
BUT RCUID, 1-2% royalty fee (if listed in NYSE) , 1% USD revenue bond (future).
Why Tony sell football team & sell house, because the bullet is ready for new company RM 1B private placement.
I am looking forward if Stanley increase his stake in new company as well, who will reject the stake of a cash cow?

Posted by Sslee > 1 week ago | Report Abuse

As at 31/12/2023 capA
Current lease liabilities: RM 5,259,638,000
Current Trade and other payables: RM 4,301,022,000

Can capA or now Newco not default on the above current liabiliaties?

I am booking front seat row with my popcorn and cola watching will Stony and BOD end up in jail if Newco default on payment of current debts, lease, maintenance, trade and others payables in 12 months time.

Posted by paulthesotong > 1 week ago | Report Abuse

Make believe is this guy Dato Lim Kian Onn Ex Director AAX aka Garynma Investment Pvt Ltd will subscribe 15% pf PP.

Posted by The_JQuestion > 1 week ago | Report Abuse

jr warren i ready cash to buy nasdaq listing HEHE ,, legit CASH COW .... bright BRight days for tony and gang to the banks
from zero to billions in USD ,, made out of perfect accounting hands down best in the country and even WORLD ..
who did it , NOBODY but TONY !

Posted by goldmanbull > 1 week ago | Report Abuse

Come TAS first. Name me a company that has PE of 5 and ROE 25 hehe

Posted by Mabel > 1 week ago | Report Abuse

#Sslee 52 Weeks Range: 0.64 - 1.12

The question: defying the odds , i have been here more than a year and I beat them in estimates, dont be too stubborn and only accept traditional view , its OK

So how many times you managed to buy at 0.64 and sell at 1.12.

Meanwhile I already earned my multibagger in trading Insas-WC
27/04/2024 9:46 AM

Well done sslee on Insas -WC..

Most of us have been trading in and out in this counter ever since PreCovid including those two delicious Dividends..

Always remember, a lot of trading mistakes is due to having too HIGH expectations for big results. This causes stress, anxiety, poor judgement, and overconfidence.

This can happen in 2 ways:

1. You lost money now you want to make it back. Well, then you start to force trades, revenge trade, take big positions and make a bunch of other mistakes.

2. You made a lot of money now you think you are unstoppable. You got lucky a few times so now you think you don't need to manage risk, increase position size and double your money, lol continue

Takeaway

* Stay focused and always keep calm.

* Continue improving trading system and process

* In the middle of trading don't change your process only do it afterwards when you review.

* Consistency is what you are striving for as a trader nothing else (yes, nothing else).

To Our Success !

Meow

Posted by Mabel > 1 week ago | Report Abuse

Haha the reason why Mabel put her money in PN17 Sapura Energy and Capital A is because she wants to be part of their turnaround journey.

Mabel see some possibilities and similarities between these two PN17 Companies. So Mabel is counting on our Magician to pull this together as it can have a spin-off effect...hihihi..

Coming to think of it, Lady Sapura order book received from last quarter of 5b has increased to latest announcement of 6.6b. A very impressive number. Some more the cash flow position is also equivalent to nearly $0.09 per share. So they are doing good business project and now they only need to swap the debts through regulatory channels to clean balance sheet figure as like AAX and Capital A debt swap. It takes time but any invested investors can’t wait must invest somewhere and not in this Lady as the NTA is -$0.13 after selling OMV instead of $-0.23. So if they can raise right issue of $0.13 per share then this counter should expect to get out of PN17 status without even white knights needed

*Recap: Spinoff from Sapura Energy’s sale of its OMV business to the French TotalEnergies*:

*Sale of OMV Stake*: Sapura Energy Berhad announced the divestment of its 50% equity interest in SapuraOMV Upstream Sdn Bhd to TotalEnergies Holdings SAS. The transaction involves a cash consideration of USD 530.3 million (approximately RM 2,534.5 million). Additionally, TotalEnergies will relieve Sapura Energy of a USD 175 million obligation related to a financing facility extended by OMV Exploration & Production GmbH to SapuraOMV. The total disposal consideration, including both cash payment and the release of the obligation, amounts to USD 705.3 million (approximately RM 3,370.8 million). The acquisition is subject to regulatory approvals and customary closing adjustments, expected no later than the second half of 2025.

*Order Book Growth*: Sapura Energy’s order book has increased from RM 5 billion to RM 6.6 billion. This impressive growth reflects strong demand for their services and projects.

*Cash Flow Position*: The company’s cash flow position is equivalent to nearly $0.09 per share. Cash flow per share is a robust measure of financial strength, as it considers after-tax earnings and depreciation on a per-share basis. Unlike earnings per share, which can be manipulated, cash flow per share provides a more accurate assessment of a company’s financial health.

*Debt Swap and Balance Sheet Cleanup*: The company aims to clean up its balance sheet by swapping debts through regulatory channels. Like the strategies employed by AAX and Capital A, this process takes time but is essential for long-term sustainability. If executed successfully, it could help Sapura Energy exit PN17 status without relying on external white knights.

These developments indicate Sapura Energy’s commitment to recovery and long-term viability just like Capital A..

To Our Success !

Captain Mabel Meow

Posted by Mabel > 1 week ago | Report Abuse

Summing up: Haha the reason why Mabel put her money in PN17 Sapura Energy and Capital A is because she wants to be part of their turnaround journey.

Mabel see more possibilities and similarities between these two PN17 Companies. So Mabel is counting on our Smart Accountant Magician to pull this together as it can have a spin-off effect...Here lies the differences:

One can start from Zero to be a Hero.
Satu lagi kena jual ini jual itu sampai Zero.

Let's see how these two CEO (Sapnrg and CapitalA) managed their turnaround. So far both of these PN17 Companies have been profitable and not a liability for Mabel to hold.

To Our Success!

Captain Mabel Meow

Posted by Mabel > 1 week ago | Report Abuse

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

Posted by Sslee > 1 week ago | Report Abuse

Me not intend to book any flight, flying to holland with Magician Stony.

But will be at the front row seat with popcorn and cola watching Stony' bollywood dance and magic show. Hope Stony don't tripped over and end up in Jail....hihihi

Posted by The_JQuestion > 1 week ago | Report Abuse

sslee u buy at 0.70 sens? and earn 1 sen sell and ask ppl to sell?? why so shallow
let me tell u how a great man thinks ... tony is looking to venture out of malaysia , thai is a good hub. they are setting up airasia cambodia another good market. In fact , he is the only company that has airline setup all over the world (ASEAN ). with nasdaq listing , he will have the full throttle. If he gets srilankan airlines , this will spearhead his position and takeover the WORLD. I am putting my hopes on THAT . THis is the greatest , the time is right , he is at HIS PEAK . NOthing is going to stop him no MORE. another 5 years, can u IMAGINE IT ?!

Posted by spammerx > 1 week ago | Report Abuse

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

Posted by Sslee > 1 week ago | 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 > 1 week ago | 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 > 1 week ago | 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 > 1 week ago | 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 > 1 week ago | Report Abuse

Damn, aax up double..

Posted by Mabel > 1 week ago | Report Abuse

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

Fly Robin Fly..

Posted by Mar2083 > 1 week ago | Report Abuse

Hope can test 80sen today
Huat ar

Posted by paulthesotong > 1 week ago | Report Abuse

indeed another satisfied airline customer.
not a surprised.

Posted by human > 1 week ago | Report Abuse

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

Posted by DickyMe > 1 week ago | Report Abuse

Who is Robin? Secret affair?

Posted by Sslee > 1 week ago | 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 > 1 week ago | Report Abuse

this is a critical thinking question.

Posted by i3gambler > 1 week ago | Report Abuse

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

Posted by 80gram > 1 week ago | 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 > 1 week ago | 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 > 1 week ago | Report Abuse

Why talk crap... Enjoy the ride!

Posted by JrWarren > 1 week ago | Report Abuse

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

Posted by paulthesotong > 1 week ago | 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 > 1 week ago | 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 > 1 week ago | Report Abuse

https://theedgemalaysia.com/node/709721

Posted by Wasim73 > 1 week ago | 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 > 1 week ago | Report Abuse

Out of jail cellPn17 by June!

Posted by DickyMe > 1 week ago | Report Abuse

397 FREE ker?

Posted by paulthesotong > 1 week ago | Report Abuse

Fly and chew gum.

Posted by Mabel > 1 week ago | 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 > 1 week ago | Report Abuse

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

Syabas Tony and Team!

Meow Meow Meow