Posted by TradingFUN > 2024-05-01 23:35 | Report Abuse

Maximum Scenario
Audited as at
31 December
2022
(I) (II) (III) (IV)
Subsequent
events prior
to the
Proposals(2)
Assuming all
the
outstanding
RCUIDS and
Warrants are
exercised
After (II) and
the Proposed
AAAGL
Disposal and
Proposed
Distribution(5)
After (III)
and the
Proposed
AAB
Disposal(6)
RM’ million RM’ million RM’ million RM’ million RM’ million
Share Capital 8,655.0 8,655.0 10,081.3 7,881.3 7,881.3
Merger Deficit (5,507.6) (5,507.6) (5,507.6) (5,507.6) -
Other Reserves 204.0 204.0 (35.5) (29.5) 35.2
Foreign
Exchange
Reserve (153.3) (153.3) (153.3) (446.8) (7.1)
Accumulated
Losses (8,923.2) (9,723.4) (9,737.5) (6,303.4) (6,244.0)
Shareholders’
equity/ NA (5,725.1) (6,525.3) (5,352.6) (4,406.0) 1,665.4
Number of
ordinary shares
in issue
(’million) 4,161.79 4,161.79 (4)5,847.08 (4) 5,847.08 (4) 5,847.08
NA per Share
(RM) (1.38) (1.57) (0.92) (0.75) 0.28
Total
borrowings
(RM'million) 17,995 23,961 23,961 15,723 1,076
Gearing ratio
(times) (1)N/A (1)N/A (1)N/A (1)N/A 0.64

Posted by TradingFUN > 2024-05-01 23:37 | Report Abuse

Minimum Scenario
Audited as
at 31
December
2022
(I) (II) (III)
Subsequent
events prior
to the
Proposals(2)
After (I) and
the Proposed
AAAGL
Disposal and
Proposed
Distribution(3)
After (II) and
the
Proposed
AAB
Disposal(4)
RM’ million RM’ million RM’ million RM’ million
Share Capital 8,655.0 8,655.0 6,455.0 6,455.0
Merger Deficit (5,507.6) (5,507.6) (5,507.6) –
Other Reserves 204.0 204.0 210.1 274.8
Foreign Exchange Reserve (153.3) (153.3) (446.8) (7.1)
Accumulated Losses (8,923.2) (9,723.4) (6,289.3) (6,229.9)
Shareholders’ equity/ NA (5,725.1) (6,525.3) (5,578.6) 492.8
Number of ordinary shares
in issue (’million) 4,161.79 4,161.79 4,161.79 4,161.79
NA per Share (RM) (1.38) (1.57) (1.34) (0.12)
Total borrowings
(RM'million)
17,995 23,961 15,723 1,076
Gearing ratio (times) (1)N/A (1)N/A N/A 2.18

Posted by TradingFUN > 2024-05-01 23:38 | Report Abuse

Look into the details of the restructuring plan in the prospectus and requirement to exit from PN17

Posted by Sslee > 2024-05-02 07:33 | Report Abuse

The facts since capA is undervalued do you think any investors will invested in AAX/NewCo RM 1 billion PP or directly invest tgecRM 1 billion in capA?

If you are the investors will you invest RM 1 billion in capA or AAX/NewCo?

Why Stony did not ask the new investors to inject that RM 1 billion new capital into capA now?

Can it be RM 1 billion is not even enough to save capA?

If RM 1 billion not enough to save CapA then can the RM 1 billion enough for AAX/NewCo?

If AAX/NewCo failed will Stony and BOD end up in jail?

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

Posted by Sslee > 2024-05-02 08:07 | Report Abuse

If you really believe in Stony, will you want Stony to do somthing against the law just so that capA can exit PN17 but end up with Stony in jail?

Or you do not mind even capA delist from Bursa and you still holding to your unlisted capA to allow Stony time and space to do debts restructure (creditors haircut) and then relist aviation, MOVE, ADE and etc to realised its full potential value?

Posted by TradingFUN > 2024-05-02 08:12 | Report Abuse

Pls understand the whole restructuring plan before kept on commenting.

Posted by TradingFUN > 2024-05-02 08:15 | Report Abuse

I rather choose to believe on TF than the no brained that keep on posting nonsense without understanding the facts in the restructuring plan

Posted by TradingFUN > 2024-05-02 08:19 | Report Abuse

The no brainer likes to comment why others not doing this and that , like an expert dictating others decision without knowing what's going on. That's why TF can be a CEO and he just keep on putting up his useless comment

Posted by TradingFUN > 2024-05-02 08:20 | Report Abuse

Why not just let the CEO doing the job and we just follow through the plan and make own decision

Posted by TradingFUN > 2024-05-02 08:20 | Report Abuse

If you didn't want to invest , stay away.

Posted by jenabchen123 > 2024-05-02 08:36 | Report Abuse

Others sembang kosong saja. Empty can... CEO talk got substance. Boleh implement. Why listen to tong kosong..... Nanti syiok sendiri.

Posted by jenabchen123 > 2024-05-02 08:37 | Report Abuse

Sembang kari anyone can do...

Posted by Sslee > 2024-05-02 08:38 | Report Abuse

So tell me what are the facts in the restructure plan apart from just getting capA out of PN17?

Any creditors geeting haircut? Without creditors haircut debts restrecture can AAX/NewCo take over capA
CapitalA Balance Sheet as at 31/12/2023 of:
Net current liabilities: RM (12,669,239,000)
And Net total assets/total equity : RM (10,624,737,000)

What will be AAX/NewCo net current liabiliaties?
Can AAX/NewCo not default in payment obligation of net current liabiliaties that is due in 12 months time?

Posted by Sslee > 2024-05-02 09:13 | Report Abuse

So the audited account confirm 2023 is another lose making year.

DEVIATION BETWEEN UNAUDITED RESULTS AND THE AUDITED RESULTS
In compliance with Paragraph 9.19(35) of the Main Market Listing Requirements of Bursa Securities, the Board of Directors of Capital A wishes to announce that there is a deviation of more than 10% between the Net Profit attributable to Owners of the Parent stated in audited financial statement for the financial year ended 31 December 2023 (AFS2023) and unaudited results for the 4Q FYE2023 which was announced on 29 February 2024. The details of which are as follows:
Net (Loss)/Profit for the Financial Year Variance
AFS 2023 4QFYE2023
RM’000 RM’000 RM’000 %
Net Profit attributable to:Owners of the Parent
336,789 836,986 (500,197) -59.8
Non-controlling interests
(433,103) (329,393) (103,710) -31.4
Net (Loss)/Profit for the financial year
(96,314) 507,593 (603,907) -119.0

The deviation of more than 10% was due to reclassification of foreign currency translation differences from Statement of Comprehensive Income to Statement of Profit or Loss amounting to RM420 million(non-cash item) arising from the translation of lease liabilities denominated in USD. The reclassification has no impact on the shareholders equity of Capital A as at 31 December 2023. The Board of Directors of Capital A Berhad wishes to clarify that the change of the accounting treatment subsequent to the announcement of 4Q FYE2023 results was advised by our external auditor, Ernst & Young (“EY”) recently, as disclosed in Note 47 to the AFS2023. The existing accounting treatment has been audited by EY in prior financial years.

In prior financial years, the Group had classified certain subsidiaries as part of an extension of the parent and have recognised the foreign exchange gains/losses arising from intra-group transactions in the
statement of other comprehensive income rather than in the statement of profit or loss.

This Announcement is dated 30 April 2024

Posted by paulthesotong > 2024-05-02 09:20 | Report Abuse

US oil below USD 80. Brent down 83.60 good for airlines.

Posted by donkeycharles > 2024-05-02 09:24 | Report Abuse

suspension of trading, good news is coming?

Posted by Sslee > 2024-05-02 09:44 | Report Abuse

CAPITALA - Trading Halt & Resumption of Trading CAPITAL A BERHAD

Kindly be advised that trading in the securities relating to CAPITALA will be halted with effect from 9.00 a.m., Thursday, 2 May 2024.

Trading in the securities relating to CAPITALA will resume with effect from 10.00 a.m., Thursday, 2 May 2024.

Your attention is drawn to CAPITALA's announcement dated 30 April 2024.

DEVIATION OF 10% OR MORE BETWEEN THE ANNOUNCED UNAUDITED FINANCIAL STATEMENTS AND THE AUDITED FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2023

Posted by williamh > 2024-05-02 09:58 | Report Abuse

Audit and unaudited statement

Posted by planta2 > 2024-05-02 10:00 | Report Abuse

Any news regarding audit. Run!!

Posted by Mabel > 2024-05-02 10:02 | Report Abuse

Haha open 81 sen...

Posted by nickick > 2024-05-02 10:02 | Report Abuse

Market reacting well! Onwards and upwards to rm2.5 target price

Posted by Jimmy Phoi > 2024-05-02 10:06 | Report Abuse

rm 2.5 you talked like the boss of Capital A.

Posted by Karlos > 2024-05-02 10:08 | Report Abuse

Purely an accounting opinion issue and the reality does not change. The equity of Capital A remains the same.

Posted by paulthesotong > 2024-05-02 10:08 | Report Abuse

Just imagine..free govt grants if its use Electric Planes for flying.lol

Posted by DickyMe > 2024-05-02 10:14 | Report Abuse

Tony flying, Sslee crying.

Posted by Mabel > 2024-05-02 10:23 | Report Abuse

Mabel think The Edges will report this news this evening .hihihi...

This Morning Capital A trading was Halt by Bursa for CAPITAL A BERHAD. Great opportunity for refueling since WTI is below USD 80 and Brent is also down 83.60 which is good for airlines.

Trading in the securities relating to CAPITALA is resume with effect from 10.00 a.m., Thursday, 2 May 2024.

Market Just open and Capital A rockets to 81.5 sen. Life is so beautiful when you are flying with the World Best Magicians..

Captain Mabel Meow

Posted by paulthesotong > 2024-05-02 10:26 | Report Abuse

Tony dancing in Cambodia!

Posted by Mabel > 2024-05-02 10:28 | Report Abuse

Hahaha...

Mabel is also dancing..hihihi

To Our Success !

Meow Meow Meow

Posted by Mar2083 > 2024-05-02 10:28 | Report Abuse

Huat ar

Posted by Sslee > 2024-05-02 10:39 | Report Abuse

Posted by Karlos > May 2, 2024 10:08 AM | Report Abuse
Purely an accounting opinion issue and the reality does not change. The equity of Capital A remains the same

Is that the fact?
Have you read the audited and unaudit account end 31/12/2023?
Total equity/deficit unaudit RM (10,469,461,000)
Audited total equity/deficit RM (10,624,737,000)

Or the reality is its does not matter whether the equity deficit is RM 10.625 billion or RM 10.469 billion due to too many zero at the end.

Posted by paulthesotong > 2024-05-02 11:20 | Report Abuse

More than ever...

https://www.businesstoday.com.my/2024/05/02/mavcom-reports-strong-air-passenger-recovery-in-first-quarter-of-2024/

Posted by Sslee > 2024-05-02 11:24 | Report Abuse

If whole year 2023 still lose making. What make you think just a quarter of high load factor will make any different?

Posted by paulthesotong > 2024-05-02 12:11 | Report Abuse

to the moon gentlemen

Posted by Wasim73 > 2024-05-02 13:00 | Report Abuse

0.90 very soon

Posted by Mabel > 2024-05-02 13:29 | Report Abuse

Meow Meow Meow

Posted by nickick > 2024-05-02 15:07 | Report Abuse

Still waiting for take off… airasia flight delayed as usual

Posted by zzzzz > 2024-05-02 15:30 | Report Abuse

No power to move up liaw....The effect of TF just so so....less people trust on him.......LOL

Posted by Income > 2024-05-02 18:21 | Report Abuse

https://youtube.com/shorts/nBJvS2iQgkg?si=2qclpJPv5mOKFw2o

Posted by jenabchen123 > 2024-05-02 19:06 | Report Abuse

Whatever... But I like 2.50 price.

Posted by Mabel > 2024-05-02 19:23 | Report Abuse

Capital A Berhad

Share Price 7 Day 1 Year
0.81 15.7% 5.9%


Full year 2023 earnings: EPS and revenues exceed analyst expectations
Full year 2023 results:
EPS: RM0.08 (up from RM0.80 loss in FY 2022).
Revenue: RM14.9b (up 127% from FY 2022).
Net income: RM336.8m (up RM3.57b from FY 2022).
Profit margin: 2.3% (up from net loss in FY 2022).
Available seat kilometres (ASK): 66.16b (up 127% from FY 2022).
Passenger load factor: 88.0% (up from 84.0% in FY 2022).
Total aircraft: 216 (up by 7 from FY 2022).

Revenue exceeded analyst estimates by 15%. Earnings per share (EPS) also surpassed analyst estimates.

Revenue is forecast to grow 2.2% p.a. on average during the next 3 years, compared to a 8.8% growth forecast for the Airlines industry in Asia.

Over the last 3 years on average, earnings per share has increased by 72% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.

Congrats to those that is already on board to New York..

Life is so beautiful when you are flying with the Best Magicians..hihihi

To Our Success !

Meow

Posted by Mabel > 2024-05-02 19:33 | Report Abuse

Two wonderful news today

Microsoft is on target to maintain the World Most Valuable company with mkt cap going to exceed USD3 trillion soon due to leading AI and data centre. Microsoft is investing $2.2 billion over the next four years in Malaysia's new cloud and artificial intelligence infrastructure as well as partnering with the government to establish a national AI center, its CEO Satya Nadella said Thursday. This investment is in addition to the existing investment made in 2021 which includes skilling an additional 1 million Malaysians. That investment has generate up to USD 4.6 billion in new revenues for local partners and cloud-consuming customers over the next four years. Furthermore, this initiative aligns with Malaysia’s goal to become a regional leader in the digital economy.

Capital A is also on target to be listed in New York and exited PN17. Congrats to those that is already on board to New York.

Life is so beautiful when you are flying with the World Best Magicians..

To Our Success !

Meow Meow Meow

Posted by ken2004 > 2024-05-02 21:12 | Report Abuse

Gone case already once all this spamming started lol...........

Posted by Mabel > 2024-05-02 23:46 | Report Abuse

Singapore Airlines could post highest-ever earnings of about S$2.7 billion for FY2024, says analyst

While Raymond Yap of CGS International anticipates that the airline will pay a final dividend of S$0.38 per share, he entertains the possibility of SIA sweetening the reward to S$0.42

Meow

Posted by Mabel > 2024-05-02 23:47 | Report Abuse

https://www.businesstimes.com.sg/companies-markets/spotlight-1singapore-airlines-could-post-highest-ever-earnings-about-s-2-7-billion-fy2024-says-analyst

Singapore Airlines could post highest-ever earnings of about S$2.7 billion for FY2024, says analyst

The airline will pay a final dividend of S$0.38 per share with the possibility of SIA sweetening the reward to S$0.42 per share

Posted by Income > 2024-05-03 07:27 | Report Abuse

https://youtube.com/shorts/1QFGAe36G1Y?si=G3_6IuTKWqmjFXOR

Posted by jenabchen123 > 2024-05-03 08:10 | Report Abuse

Ramai orang gila doing spamming here ka? Share psychopath!

Posted by human > 2024-05-03 10:21 | Report Abuse

SIA were rescued by the government help to raise Billions of SGD 3 to 4 years ago, only now can give dividends.
Airasia is doing fund raising on their own without government help, the effort is commendable, however dividends wont be any times soon.

Posted by Sslee > 2024-05-03 10:35 | Report Abuse

SIA biggest holder is government fund (Temasek) and shareholder's money is used to recapitalization.

CapA without equity recapitalization or debts restructure it financial position is deteriorating when other recapitalized (SIA) or debts restructure (MAS) is reporting very good profit and pay bonus to their employees

Posted by Sslee > 2024-05-03 10:48 | Report Abuse

CapitalA Balance Sheet as at 31/12/2023 of:
Net current liabilities: RM (12,669,239,000)
And Net total assets/total equity : RM (10,624,737,000)

CapitalA with above financial figure is definately an insolvent company as no way capA can generate enough cash flow in next 12 months to pay for the net current liabilities of RM 12.669 billion.

Anyway miracle do happen, hope Stony is the magician that can pull out this RM 12.669 billion from his magic hat.

Posted by Sslee > 2024-05-03 10:53 | Report Abuse

KUALA LUMPUR (April 26): The corporate exercise to merge the AirAsia airline businesses under AirAsia X Bhd (AAX) is apparently sufficient to offset all of the RM8.7 billion negative equity in Capital A Bhd, according to chief executive officer Tan Sri Tony Fernandes.

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.