Posted by Mabel > 2024-05-03 19:49 | Report Abuse

Summing up this week from a Team of Contended Shareholders...

SIA was rescued by the government help to raise Billions of SGD 3 to 4 years ago, only now can give delicious dividends. Airasia is doing fund raising on their own without government help, the effort is commendable. 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…

Weather Forecast : CapitalA Monthly Positive Pivot Point Momentum!
S: 0.75.
PIVOT: 0.80.
R1: 0.91.(4 Weeks)
R2: 1.04.
R3: 1.18.(Above 12 Weeks)
PN17 Uplifted...Up trending Momentum Is fully positive!

Business that depend on state intervention during bad times is not competitive. Whether a conglomerate can restructure debt to afford the interest payment then generate profit very much depend on the business model and cash generation sustainability. Budget air travel, leisure, logistics, fintech had bottom out and now are in demand. Capital A businesses are well managed and has many values to be unlock.

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

To Our Success !

Meow Meow Meow

Posted by jenabchen123 > 2024-05-04 11:39 | Report Abuse

Once it crosses 1.00, it will not turn back. Still has time to grab some and ride the wave. Go! Go! Go!

Posted by paulthesotong > 2024-05-04 12:40 | Report Abuse

Oil down,,good 4 airlines.

Posted by paulthesotong > 2024-05-04 12:54 | Report Abuse

A loveletter from CEO

https://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=146744&name=EA_GA_ATTACHMENTS

Posted by Sslee > 2024-05-04 13:36 | Report Abuse

Yes a love letter indeed. But why?
Who is Stony trying to vow/kidding?

Of course, you may wonder why we need AirAsia X when we can do it ourselves within Capital A. The short answer: speed. AirAsia X already has many medium haul routes, approvals and slots in hand and that will enable us to get going much, much faster than if we were to start
applying for the same today.

Stony is such a sweet talker wonder how many sweet sixteen fall for his sweet talk?

Posted by paulthesotong > 2024-05-04 15:15 | Report Abuse

Airbus A321LH n A321XLH is the gamechange so does he said.

Posted by paulthesotong > 2024-05-04 15:26 | Report Abuse

https://www.businesstoday.com.my/2024/04/30/tony-wants-to-connect-asean-to-every-single-continent/

Posted by Income > 2024-05-05 16:56 | Report Abuse

https://youtube.com/shorts/yL5dgjdFzHI?si=vhkScFvwkj8mtHi9

Posted by hhhiii123 > 2024-05-05 17:00 | Report Abuse

super bullish trend now, i am ready to topup again, hehe

Posted by jenabchen123 > 2024-05-05 20:39 | Report Abuse

Mau masuk??? Ini kali lah!!!

Posted by Sslee > 2024-05-06 09:29 | Report Abuse

Already half way thro' in preparing my hard hitting and probing AGM questions.

Posted by paulthesotong > 2024-05-06 11:15 | Report Abuse

Your all Q wiil be answer in 10 plus 30 days...

Posted by Sslee > 2024-05-06 12:03 | Report Abuse

Most likely Stony will be crying looking at my send in advance AGM questions.

Posted by paulthesotong > 2024-05-06 12:27 | Report Abuse

Why dont u ask him when his Birthday?...lol

Posted by jenabchen123 > 2024-05-06 12:30 | Report Abuse

Yahoo! 0.85 come to papa today

Posted by Wasim73 > 2024-05-06 12:38 | Report Abuse

0.95 by Friday

Posted by Sslee > 2024-05-06 12:56 | Report Abuse

My questions will be more or less seeking answer from Auditor and BOD on the financial figures, what it mean and financial health of CapA.

Nothing personal and by the way who care when is Stony birthday?

Posted by Sslee > 2024-05-06 13:12 | Report Abuse

Example of my questions:
31. Leases
2023: 2022
RM'000: RM'000
Current: 5,438,692: 4,340,844
Non-current: 13,750,088: 10,717,036
Total: 19,188,780: 15,057,880

The following are the amounts recognised in profit or loss:
2023: 2022
RM'000: RM'000
Depreciation of right-of-use assets: 1,566,935: 1,309,533
Interest expense on lease liabilities: 852,954: 705,152
Expense relating to short-term leases: 25,549: 27,922
Reversal of impairment of right-of-use assets: - : (552,290)
Reversal of impairment of finance lease receivables: - : (98,923)
Total amount recognised in profit or loss: 2,445,438: 1,391,394

Cash flows from financing activities:
2023: 2022
RM'000: RM'000
Proceeds from borrowings: 1,273,030: 1,167,698
Repayment of borrowings: (396,936): (309,485)
Payment of lease liabilities: (2,045,816): (1,171,914)
Net cash used in financing activities: (1,169,722): (313,701)

The Group had total cash outflows for leases of RM 2,045 million in 2023 (2022: RM 1,200 Million). Included in lease liabilities are lease rental payables amounting to approximately RM 2,810 million (2022: RM 2,282 million)

Question 5: Auditor please explain the different FYE 2022 current lease liabilities is RM 4,340,844,000 in FYE 2023 why total amount (lease) recognised in profit or loss: RM 2,445,438,000. Payment of lease liabilities in cash flow: RM (2,045,816,000)?

Question 6: Auditor what it means by Included in lease liabilities are lease rental payables amounting to approximately RM 2,810 million?

Referring: 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.

Charlie Munger's Best Quote “I think that, every time you saw the word EBITDA, you should substitute the word "bulls**t" earnings.”

Question 7: Auditor, can you please explain what Charlie Munger is trying to say on EBITDA?

Question 8: BOD why every quarter presented the beautiful EBITDA figure without stating “under MFRS 16: 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”

Page 12: External Auditor Going Concern Assessment:
Quote, “The Group reported a loss for the year of RM 96 million whilst the Company reported a loss for the year of RM 1,960 million, for the financial year ended 31 December 2023. The group and the Company reported net operating cash flow of RM 1,413 million and RM 72 million respectively. As at 31 December 2023, the group current liabilities exceed its current assets by RM 12,699 million. In addition, as at 31 December 2023, the Group reported a negative shareholders’ funds of RM 8,762 million.” unquote

Question 9: Auditor if total cash outflows for leases RM 2,045 million under financing activities is moved back to previously recorded within net cash flow from operating activities what will be FYE2023 net operating cash flow?

Question 10: Auditor
Sales in advance: RM 2,025,298,000
Proceeds from borrowings: RM 1,273,030,000
The Group only managed payment of lease liabilities: RM 2,045,816,000 which is far off the amount of current lease liabilities reported at FYE 2022 RM 4,340,844,000. What happens to the unpaid FYE 2022 current lease liabilities?

“Going Concern Assessment” (Refer page 12-13).
Quote, “Management had prepared a cash flow forecast as part of the assessment on whether the Group and the company will be able to continue as a going concern.” Unquote

Question 11: Auditor looking back on FYE 2022 Management cash flow forecast on going concern is that cash flow forecast fulfilled as at FYE 2023 audited financial result?

Question 12: Auditors if FYE 2022 cash flow forecast is far off the mark as per actual achieved then as at 31 December 2023, the group current liabilities exceed its current assets by RM 12,699 million. Are Auditors satisfied with management's cash flow forecast for year 2024 that the group will not default on the net current liabilities of RM 12,699 million?

Posted by Mar2083 > 2024-05-06 14:13 | Report Abuse

Potentially may test 85sen today
Huat ar

Posted by nickick > 2024-05-06 14:16 | Report Abuse

Wah 0.835 already liao!! Wang mari wang mari hahahhaha

Posted by EngineeringProfit > 2024-05-06 14:23 | Report Abuse

Aiyo all those just transit only..........................the first destination 1.10

Posted by geary > 2024-05-06 14:37 | Report Abuse

EngineeringProfit

Aiyo all those just transit only..........................the first destination 1.10.
10 minutes ago

Not bad the...🐂... probably by first week of June...R: 1.08...🚀

Posted by Mabel > 2024-05-06 16:03 | Report Abuse

Haha this week Mabel will continue Goyang Kaki eating pop corns and watch as our Airline continue to climbs...hihihi..

Life is sooooo beautiful when you are flying with the Magicians...

Meow Meow Meow

Posted by nickick > 2024-05-06 16:10 | Report Abuse

0.845 liao… lai lai lai.. next stop 0.90..

Posted by DickyMe > 2024-05-06 16:50 | Report Abuse

Sold all @84 sen!
Will enter at right moment.

Posted by paulthesotong > 2024-05-06 17:09 | Report Abuse

another satisfied airline customer.

Posted by HaHassan > 2024-05-06 18:44 | Report Abuse

Terbang, terbang airasia. Tunggu u di Rm1 🤗

Posted by geary > 2024-05-06 20:31 | Report Abuse

CapitalA YTD(Human Nature) Pivot Point Momentum!
S: 0.65.
PIVOT: 0.81.
R1: 0.90.
R2: 1.05.
R3: 1.16.
In Between there are R1A n R3A: 0.98 n 1.30.
R4: 1.71.
Dis: Trade at your own Risk!

Posted by DividendGuy67 > 2024-05-06 22:45 | Report Abuse

CAPITALA - despite 10 consecutive green days - the broader price action is not bearish! Note a few higher lows that goes back since COVID low. The volatile price is good for traders who love to trade the price action. I have a small trading position here but not large relative to my other investing position. Very nice % win so far and MV has grown to 0.85% capital, which to me is a sizeable trading position given this is not exactly a Warren Buffet stock.

Shorts greatest fear for this stock is that after nearly 4 years of sideways consolidation, this stock closes the opening gap down which gives a target price of 2.85! It's not impossible if give another 1 to 4 years! Haha ...

Posted by DividendGuy67 > 2024-05-06 22:47 | Report Abuse

To be honest, I hardly ever watch CAPITALA price chart this year even after closing.
So, I do extremely little work here.
So, very nice to open the chart and see a non-bearish long term price consolidation.
The serious trader will like this stock. (I'm not a trader but an investor, but not this stock).

Posted by DividendGuy67 > 2024-05-06 22:50 | Report Abuse

My average buy price is 66 sen. If include past realized gain, then, average entry price is 41 sen. Sometimes, we are so lucky ... but I know the odds of repeating this type of trade is low.

Posted by DividendGuy67 > 2024-05-06 22:51 | Report Abuse

With open profits, I can go to several overseas Airasia trip paid for by Stony for my family!

Posted by DividendGuy67 > 2024-05-06 22:55 | Report Abuse

All long traders should seriously thank Sslee for his hard work to persistently post bearish questions.
Think about it.
When there's so much bearish news but price goes up, isn't this one of the good setups to go long?

Divergence is a great trading idea ... :-).

Thank-you Sslee.

Posted by xiaoeh > 2024-05-06 23:36 | Report Abuse

Posted by DividendGuy67 > 34 minutes ago | Report Abuse
All long traders should seriously thank Sslee for his hard work to persistently post bearish questions.
Think about it.
When there's so much bearish news but price goes up, isn't this one of the good setups to go long?
Divergence is a great trading idea ... :-).
Thank-you Sslee.

Yes u should, DividendGuy67
Take a longer term view
price came down from as high as 2.50 at 2018 to as low as 0.50 at 2023
many got their hands burnt
and just recently rebound from 0.60++ to 0.80++
and u are so happy now...

happy for u too....
happy investing

Posted by jenabchen123 > 2024-05-07 00:10 | Report Abuse

Tomorrow sailing pass 0.85 aiming to the next target of 0.99. Next if breaches 1.00, will fly much faster that need you to fasten your seat belt!

Posted by Sslee > 2024-05-07 07:24 | Report Abuse

No need to thank me so early. CapA is a PN17 company for a reason and Stony is neither a magician that can creat money out of thin air. CapA financial health is at ICU level.

Thank me only if you want after the AGM

Posted by Sslee > 2024-05-07 08:21 | Report Abuse

31.12.2023: 31.12.2022: 1.1.2022
Net current liabilities (12,669,239): (8,509,066): (6,754,176)
Capital and reserves
Share capital: 8,711,742: 8,654,977: 8,457,172
Merger deficit: (5,507,594): (5,507,594): (5,507,594)
Foreign exchange reserve: 217,047: 1,178,273: 601,494
Accumulated losses: (12,321,978): (10,254,769): (7,094,693)
Reserves: 138,642: 204,020: 161,321
Total shareholders' deficit: (8,762,141): (5,725,093): (3,382,300)
Non-controlling interests: (1,862,596): (3,791,865): (3,040,603)
Total deficit: (10,624,737): (9,516,958): (6,422,903)

Question 4: Auditor based on above financial figures what is your opinion on the Group financial health from 1.1.2022 to 31.12.2022 to 31.12.2023 (improving and healthy or deteriorating into ICU level)?

Posted by paulthesotong > 2024-05-07 09:19 | Report Abuse

to the Mars ladies.

Posted by Mabel > 2024-05-07 09:24 | Report Abuse

Yes indeed paul..hihihi

Life is sooooo beautiful when you are flying with the Magicians...

Meow Meow Meow

Posted by jenabchen123 > 2024-05-07 09:24 | Report Abuse

Cap A is firing space X rocket this morning. 0.87 cleared

Posted by jenabchen123 > 2024-05-07 09:26 | Report Abuse

Limit up today?

Posted by Junx Leow > 2024-05-07 09:29 | Report Abuse

Why???

Posted by nickick > 2024-05-07 09:32 | Report Abuse

0.88 baby… so happy

Posted by hhhiii123 > 2024-05-07 09:37 | Report Abuse

All the up and become blue chip company, hehe

Posted by Wasim73 > 2024-05-07 09:48 | Report Abuse

Sslee...wht are u talking about in this platform?...it's all about sentiments and hope in stock Market...RM1.00 + coming soon...hahahah

Posted by paulthesotong > 2024-05-07 09:55 | Report Abuse

Mabel...

Another gruntled airline customer.

Posted by Mabel > 2024-05-07 09:57 | Report Abuse

Absolutely Paul..

That's what happened when you are flying with the World's Best Magicians...

To Our Success!!!

Captain Mabel Meow

Posted by nickick > 2024-05-07 10:02 | Report Abuse

Hit 0.90 liao.. next stop rm1

Posted by Wasim73 > 2024-05-07 10:13 | Report Abuse

RM1.00 by Friday.

Posted by StartOfTheBull > 2024-05-07 10:20 | Report Abuse

And so will SSLee continue to ask questions and post mathematical figures.