Posted by stncws > 1 month ago | Report Abuse

https://www.thestar.com.my/business/business-news/2024/10/23/capital-a-announces-capital-reduction-of-up-to-rm6bil-scraps-unit039s-spac-listing-on-nasdaq

Posted by paulthesotong > 1 month ago | Report Abuse

Blackq.. CapA will become 26 sen? All depend of closing price of last cum date of CapA n AAX.

Posted by Wasim73 > 1 month ago | Report Abuse

it does not make sense.. Cap A share price to fall to 0.26....Why would price drops ?

Posted by Wasim73 > 1 month ago | Report Abuse

When the date of adjustments ? within 2024?

Posted by Income > 1 month ago | Report Abuse

Wow ↑

Posted by Avangelice > 1 month ago | Report Abuse

Black Q what TP do you suggest lock profit and not kena scam by this regulation plan

Posted by paulthesotong > 1 month ago | Report Abuse

When get out jail..cellPn17 no want sell to u at 26sen!

Posted by ken2004 > 1 month ago | Report Abuse

if use maths to understand capitala, totally illogical one lol, AAX itself also wan to enlarge their current unit of share until to how many X unit, seriously nobody really know lol which is the mystery here, so if just look at Wow factor, then yes, very Wow, very positive LOL..........

Posted by ken2004 > 1 month ago | Report Abuse

Think as of now, surely have to make all the price very grand, just like capitala have to make sure above 0.75, those who know how to play this game LOL as it is no longer as simple as how many profit expected in next qtr.........

Posted by JrWarren > 1 month ago | Report Abuse

this entire drama is a repeated AAX corporate exercise, show 2 quarter making profit, capital reduction then share consolidation, finally apply to quit PN17. If you able to see the same pattern similar to AAX and done the excel homework, you are likely continue to hold both companies shares because you have find out the share dilution on AAX and the EPS (after corporate exercise) of AAX. Amount of AAX new shares to be issued, 2023 & 2024 quarterly financials, all these numbers are readily available. There are hardworking people and lazy people, no homework = unlimited uncertainty.

In addition, the post- exercise pro-forma balance sheet also indicated in the pdf file.
The uncertainty is greater prior to the EGM of both companies, but now is much clearer to investors, hence share price rebound from 7x sen to 9x sen. Most information has released to investor hand and those who interpreted correctly will see opportunity.

Posted by JrWarren > 1 month ago | Report Abuse

Just found out that the document also contain all non-aviation segment revenue and profit for 2023, to make ur life and homework easier.

Posted by Mabel > 1 month ago | Report Abuse

$CAPITALA (5099.MY)$ has terminated its agreement with Aetherium Acquisition Corp, which was designed to incorporate its AirAsia brand management business into the Nasdaq-listed SPAC for US$1.15 billion (RM5 billion). The decision followed a delisting notification from Nasdaq's hearing panel received by Aetherium in June, citing non-compliance with specific listing rules including a minimum market value of US$50 million and a minimum of 400 shareholders. Despite Aetherium's appeal against the delisting, Capital A exercised its right to cancel the agreement based on the established terms and conditions.

Posted by MillionaireBy30 > 1 month ago | Report Abuse

AirAsia - great investment, finally seeing the light at the end of the tunnel. Amazing company that has truly revolutionize air travel for Malaysians and ASEAN. Great to see all the haters over the past years (e.g. sslee) finally showing a different tone.

Posted by Sslee > 1 month ago | Report Abuse

My opinion still remain the same. No one can create money out of thin air.

I had done my part with questions to BOD and am waiting to read their answers once the EGM Q&A is published in their website

Since I am no more a shareholders of AAX and CapA thus I reserve my opinion to myself and wish everyone best of luck.

Posted by human > 1 month ago | Report Abuse

Jr Warren is right.
Most information are available.

Posted by human > 1 month ago | Report Abuse

One need to read and understand how the Capital A management restructure the business and what they are doing to secure the financing require to growth the business.

Using old mindset that all business must run using cash is outdated.

False interpretation and confirmation bias are blockage to understand how corporate growth business.

Posted by Mabel > 1 month ago | Report Abuse

https://www.thestar.com.my/business/business-news/2024/10/23/capital-a-announces-capital-reduction-of-up-to-rm6bil-scraps-unit039s-spac-listing-on-nasdaq
KUALA LUMPUR: Capital A Bhd has announced its proposed regularisation plan includes a capital reduction of up to RM6bil to set-off the accumulated losses of the group.

Capital A CEO Tan Sri Tony Fernandes said the group can now focus on growing its four strong companies within Capital A comprising CAPAS (aviation services), Teleport, MOVE digital and branding company.

"These companies will not only support AirAsia but also help shape the future of the Asian aviation and travel industry," he added.

Meanwhile, Fernandes said the group has decided to scrap the US$1.15bil special purpose acquisition company (SPAC) deal to list AirAsia's aviation brand manager on the Nasdaq.

"Nevertheless, once the regularisation plan is completely executed, Capital A will revisit the idea of listing its four core businesses, starting with the branding company in the US stock market," he added.

Posted by rhtc88 > 1 month ago | Report Abuse

Glad to see SSlee finally woke up....Plenty of Companies worst than Capital A in Bursa la....What for keep talking bad about it? Not a Capital A Fans but still appreciate about still got a affordable budget airline in Malaysia.

Posted by Sslee > 1 month ago | Report Abuse

How and when Stony going to turnaround BigPay?

A summary of the key financial performance of the BigPay and its subsidiaries
(“BigPay Group”) for the past 3 financial years up to the FYE 31 December 2023 is set out below:
AuditedFYE 31 December
(a)2021 (a)2022 (a)2023
RM’000 RM’000 RM’000
Revenue 20,879 30,036 46,010
PBT/(LBT) (138,807) (133,741) (103,881)
PAT/(LAT) (138,807) (133,763) (103,881)

Posted by ABatShare > 1 month ago | Report Abuse

Anyone heard about the new E Coli virus outbreak. McDonald's share dropped, wonder what would happen if detected here?

Posted by MillionaireBy30 > 1 month ago | Report Abuse

Funny that sslee used to be a shareholder but with all the negative perception of Capital A haha. AirAsia brings so much good to the travel industry and community and is one of the best run LCC in the world. Even MYairline went bust when they have the cheap plane rentals, fixed assets, and loans. Not easy to run an airline business especially in Asia but AirAsia has continuously delivered. Not perfect but good enough!

Posted by tpee1999 > 1 month ago | Report Abuse

Capital Reduction -------better sell .......

Posted by JrWarren > 1 month ago | Report Abuse

Nice quote "No one can create money out of thin air. "
As I also done my part to urge Cap A release the non-aviation segment revenue & profit during EGM, which they did in latest announcement of regularization plan. Overall consolidation revenue and profit of 2023 are 2.2b and 100m respectively. EPS and share price are up to MR. market now. Q4 financial result will be a critical benchmark because the MRO new hangars are operated in full capacity and fully booked until end of 2025. Rest assured that I no longer need to worry about load factor of AA & AAX as long as their planes still flying, the planes need to come back Cap A's hangar for maintenance.

Posted by paulthesotong > 1 month ago | Report Abuse

Even Public join in FLYHigh 1.57!

https://www.freemalaysiatoday.com/category/business/2024/10/24/capital-a-set-to-benefit-from-favourable-factors-amid-restructuring/

Posted by WarrenBuffeto > 1 month ago | Report Abuse

Hi JrWarren, I register to ask how can I know what sort of data and calculation in the excel to find out? I am not asking for spoonfeed but mind sharing some pointers for me to start doing research and homework in setting up such excel myself? Thank you

Posted by The_JQuestion > 1 month ago | Report Abuse

Sslee cry loud since tony made him laugh at himself like a joke... nvr give up , copy paste comment ... my quote the book guy
tony turn the book around ... and even made himself a blank cheque hihi

Posted by Sslee > 1 month ago | Report Abuse

Dear Lee Soon Sheng,

We would like to confirm that all the questions you raised concerning the Extraordinary General Meeting (EGM) held on October 14, 2024, by Capital A Berhad have been fully addressed during the meeting. Please find responses to the follow up questions in relation to the Annual General Meeting (AGM) held on June 13, 2024.

Follow up clarification:
Clarification Question 1: External auditor, are the answers given on above implied as long as lessors agreed to roll over unpaid lease payment due then the income statement (P&L) accounting recognised only RM 2,445,438,000 (interest on lease, depreciation on Right of Use assets and short term lease expense) instead of the full amount Financial Year Ended 2022 current lease liabilities of RM 4,340,844,000?
Clarification Question 2: Isn’t that distorted the financial income statement and the profit/(loss) for Financial Year Ended 2023?

Response: The financial statements follow the accounting standards under IFRS 16 Leases, which require the recognition of lease liabilities and corresponding Right of Use (ROU) assets.
This treatment is consistent with accounting standards and to provide a clearer picture of the company’s financial performance over time, rather than distorting it

Posted by Sslee > 1 month ago | Report Abuse

Clarification Question 3: The Group paid USD16 million to acquire 60% PAA from JV local partner F&S Holdings, Inc and resulted in a total of approximately RM 2.3 billion net liabilities was transferred from PAA to the Group/negative equity from Non-controlling interest was transferred to shareholders’ equity and yet the transaction valuation percentage ratio falls within the range of 2.24%. External Auditor please kindly show the calculation how you get this 2.24% valuation ratio?

Response: The calculation is in line with Bursa Malaysia's MMLR requirements, and the detailed computations were submitted to Bursa Securities for their review and approval. This ensures that the transaction has been properly evaluated, and our disclosures are fully compliant with the applicable regulatory standards.

Clarification Question 4: RAMON ROYANDOYAN, Nikkei staff writer July 3, 2024 09:35 JST
MANILA -- Philippine budget airline Cebu Pacific is set to buy up to 152 Airbus jets for $24 billion to expand its fleet and meet recovering demand for flights.
BOD, how is PAA going to compete with the financially stronger and fast expanding Philippine budget airline Cebu Pacific and turnaround PAA?

Response: PAA is focused on leveraging its strong brand presence and operational efficiencies to remain competitive. Our strategic positioning within the Asean market, combined with targeted improvements in cost management and customer service, supports our confidence in PAA's ability to compete effectively and contribute positively to the Group's long-term growth.

Posted by Sslee > 1 month ago | Report Abuse

Clarification Question 5: With such low numbers of class A and B shares issued and outstanding, is the merger with CAPI still feasible and possible?

Response: We have recently announced the termination of the BCA, for detailed information regarding this recent development, please refer to this link.

Posted by Sslee > 1 month ago | Report Abuse

CapitalA replied on my clarification questions.

I had done my part as shareholder to the extent of seeking clarification if the answers given by the BOD on AGM questions is not clear to you.

As shareholder you have the rights to hold BOD accountable, responsible and answerable.

Posted by EngineeringProfit > 1 month ago | Report Abuse

Sslee, Cap A will do very well next year. Cheers!

Posted by Sslee > 1 month ago | Report Abuse

CapA should do well from now on.
The question is AAX able to generate enough cash flow to pay the debts and lease liabilities?

The competition among the LCCs is almost like the survival of the fittest.

Posted by Sslee > 1 month ago | Report Abuse

PAA and IAA need proper recapitalisation and facing fierce competition with local LCC.

Posted by Income > 1 month ago | Report Abuse

The magician Stony really has substance!

Posted by human > 1 month ago | Report Abuse

Capital A management is realizing restructuring plan and business expansion according to what they convey to all shareholders since 2023. Any changes they keep Bursa and shareholders posted.
Look at businesses in Malaysia , what other company emphasizes such extent of direct communication with stakeholders?
They are not magician, they are true entrepreneur and hand on businessman at core.

Posted by AnthonyAng666 > 1 month ago | Report Abuse

Will turn green in Q3 ? 😀

Posted by SittingOnMyArse > 1 month ago | Report Abuse

Very green

Posted by Income > 1 month ago | Report Abuse

Stony The magician

Posted by The_JQuestion > 1 month ago | Report Abuse

he almost certainly already confirmed it ,, without really saying it ... we shall know one month from now ,, AAX confirm flying HIGH ,, cap A standby how high !! Show us how VALUABLE both are :)) in one shot ( i mean QR ! ) and the next shot out of pn17 ,, tony already shot all the way to KOREA !! no worry

Posted by Michael Kwok > 1 month ago | Report Abuse

Capital A 98 cents.
let see nov period thn talk.wht it really form.
27/10/24 11.38pm

Posted by paulthesotong > 1 month ago | Report Abuse

Finally Delta sued Crowdstrike seeks USD500M called the outrage ' catastrophic' pointing to 500M in losses as well as threats to future revenue.Recalled back in July caused global IT outrage impacting 8.5m computers.
Will CapA follows suit?


https://theedgemalaysia.com/node/724949

Posted by ABatShare > 1 month ago | Report Abuse

US election will def play a part in share price to fall

Posted by JrWarren > 1 month ago | Report Abuse

Someone using PE ratio to derive the TP, which is reasonable compare to the current business segment.

Posted by paulthesotong > 1 month ago | Report Abuse

Oil goes haywire..WTI n Brent 67 n 71 respectively!

Posted by David Gunter > 1 month ago | Report Abuse

Great when oil drops

Posted by jenson68 > 1 month ago | Report Abuse

Retest above 1.00 & will hold till end Dec , hehe

Posted by Mabel > 1 month ago | Report Abuse

RM 1.02 sen..

Posted by Mabel > 1 month ago | Report Abuse

Meow Meow Meow

Posted by EngineeringProfit > 1 month ago | Report Abuse

Very huat one

Posted by paulthesotong > 1 month ago | Report Abuse

Wait 4 me!