APFT-Wa expire on 13 July 2018 exercise price at 40cts... Remarks : Each Warrant carries the entitlement, at any time on the Issue Date and up to 5.00 p.m. on the Maturity Date (“Exercise Period”), to subscribe for one (1) new ordinary share of RM0.20 each in APFT at the Exercise Price which shall be satisfied fully in cash. The Exercise Price may from time to time be adjusted in accordance with the provisions of the deed poll dated 28 June 2013. Any Warrants not exercised during the Exercise Period will thereafter lapse and cease to be valid for any purpose.
I think with closing price of 9.5sen, the risk now is greatly reduce. As long as mum share trade above 40sen, its WA will still have intrinsic value and will likely trade at premium.
those who entitle for the free warrant already sold all. Now is the turn for syndicate and contra player to play around. who will win? i think you all already have the answer ... Good Luck
Hafiz Millip ... the "Something big" is depend on the syndicate successfully collect back all the chip or not yet. Once the "collection" no done, then we might see a small fall or continues flat price for coming days or week.
The Group became the only Authorised Flight Training Organisation (AFTO) licensed by the Department of Civil Aviation (DCA) Malaysia to conduct training for helicopter pilots, which we have identified could potentially contribute significantly to our future revenues and earnings base. The Group has been awarded a contract to train cadet pilots of the Malaysian Fire and Rescue Department ( "Bomba"). It is currently training two batches of Bomba trainees and the agency has indicated they would continue to send more students to our academy once the current cohort graduates. Due to the recent closure of ITNS, a helicopter school in Ipoh, we are seeing enquiries from their existing trainee cadet base to transfer to our academy.
Increased activity in offshore work in the oil and gas industry in Malaysia provides excellent opportunity for the Group to offer trained pilots for leading providers of helicopter charter services such as Solaire Sdn Bhd, Westar Aviation Services and MHS Aviation Berhad who have reported shortage of pilots for their current operations and are looking to expand their charter services for this sector. To account for this expected increase in this business, the Group has placed orders for two new helicopters, Robinson R44 and R66 from the Robinson Helicopter Company, effectively confirming our commitment to expand the capacity of this business. The helicopters are expected to be delivered by Q2 2013. The Group will also be establishing a new helicopter center in Ipoh, for which we are awaiting approval from Malaysia Airport Berhad
Secondly, the Group intends to see through its plans and efforts to expand its revenue and earnings footprint regionally beginning with India and Indonesia. In India, after an unfortunate year of delays in getting all the necessary approvals to be operational in Hyderabad, it expects to begin operations by Q3 2013. The Group, in partnership with GMR Hyderabad International Airport Ltd, will be operating a flight school there to take advantage of the significant demand and shortage of pilots in India. In Indonesia, the Group is in advanced discussions with one of the local airline operators to form a joint venture to be the first Malaysian flight academy operator to set up in that country. Like India, Indonesia is also experiencing significant demand and shortage of pilots and is projected to grow even more in the coming years ahead. Thirdly, given that the Group has been awarded the Air Operator Certificate by the DCA, it is in discussions with some interested parties to start operating charter services. It hopes to move to advance discussions and will announce when appropriate the full details of this plan.
Finally, one of the Group's subsidiary companies, the engineering school APFT Maintenance Training Sdn Bhd has been approved as an accredited training centre by the Human Resource Department and has now started training ground handling courses and the Foundation In Aircraft Maintenance Course. With these five strategic initiatives and developments, the Group is optimistic that the prospects for improvements on the revenues and earnings front in the coming years ahead look promising.
dont look at the business lah, nothing to see lah its all control by dato, dato son n daughters. they will never give div also. this is a very clever smart dato (this melayu deserve it as he is hardworking n smart), when need money just ask syndicate to goreng sikit, but this time he is more greedy n ask the cat how to make more money.The cat suggest to create some warrant mouse n when put some bait on roof top to lure all warrant mouse to high roof then pour water inside their holes, then cat start eating the poor mouse !!!!
APFT have granted approval from Civil Aviation of the Government of India has approved Asia Pacific Training Academy Limited as a flight training organisation at the Rajiv Gandhi International Airport, Shamshabad, Hyderabad, India for a period of one year with effect from 11 June 2013
2. Date Announced 27 May 2013
APFT Engineering had received the Certificate of Approval in respect of the DCAM Part 145 approval ("Part 145 Maintenance Organisation Approval") from the Department of Civil Aviation, Malaysia. The Part 145 Maintenance Organisation Approval is an approval given or accredited by DCA to a Maintenance & Repair Organisation ("MRO"), which Organisation has met the Requirements and Standards set by DCA and also has passed the DCA Audit process for the same.
The terms of approval of the said Certificate of Approval include the issue of certificate of Release to Service or the furnishing of reports where these are required in relation to the inspection, overhaul, repair, replacement, modification and testing in accordance with approved manufacturer's manuals. The Part 145 Maintenance Organisation Approval is expected to contribute positively to the APFT Group’s earnings for the financial year ending 31 December 2013.
The APFT Group is a dynamic, forward looking and a market driven organisation which strives to transform into an international aviation support, services and systems provider. The Group is currently the leading flight education and training service provider in Malaysia. Whilst flight education and training service in Malaysia is the Group’s principal business, in early 2012, the team at the APFT Group charted new frontiers to redefine the Company; to evolve from a flight school operator into an aviation support, services and systems provider.
The Group has made efforts to reduce its dependence in the domestic market and expand abroad. To this end, the Group has expanded into India with a joint venture flight school, GMR Hyderabad International Airport Limited. Subsequently, in May 2012, the Group subscribed 60% of the share capital in Asia Pacific Flight Training Academy Ltd, a joint venture company to operate the first Malaysian brand flying school in India’s Rajiv Ghandi International Airport. The Group’s revenue footprint in India is expected to commence as soon as regulatory approvals has been resolved, which is expected to be received within the FYE 2013. In addition, the Group has also planned revenue expansion into Indonesia and China.
In tandem to transforming into an international aviation support, services and systems provider, the Group has also expanded its offerings in its flight training academies to include helicopter training. In May 2012, the Group signed its first training agreement with the Malaysian Fire & Rescue Department to train helicopter cadets. To further expand its support offerings to the general aviation industry, the Group intends to intensify efforts in 2013 to create new revenue streams in engineering, ground handling and ground crew training from traditional fixed wing and helicopter training.
To diversify its income base, the Group intends to expand into the lucrative Maintenance, Repair & Overhaul (MRO) business and to this end, has applied for Part 145 maintenance organisation license from the Department of Civil Aviation, Malaysia, which is expected to be issued in 2013. In June 2012, the Company was duly issued with an Air Operator Certificate by Department of Civil Aviation, Malaysia to operate unscheduled chartered flights. As such, the Group remain positive, cautiously confident as the Company has put in place five (5) key strategic initiatives over 3 years that will see the Company reduce its revenue dependence on the domestic market with regards to fixed-wing training by expanding into the Indonesian, Indian and Chinese markets, expand its flight school operations to include helicopter training, expand its offering of aviation related training to include engineering, ground handling and ground crew development, embark on the Maintenance, Repair and Overhaul (MRO) business upon receipt of the Part 145 maintenance organisation status by the Department of Civil Aviation, Malaysia and leverage on the Company’s recently approved Air Operating License by working with strategic partners.
The Board of Directors of APFT wishes to announce that its wholly-owned subsidiary, Asia Pacific Flight Training Sdn Bhd ("APFTSB") (Company No. 534715-H), has signed a five-year MPL Services Agreement ("the said MPL Services Agreement") today with CAE Inc. ("CAE") on the Multi-crew Pilot License ("MPL") training for AirAsia cadets; the first and only MPL training in Malaysia. Previous batches of AirAsia CAE MPL cadets were trained in Canada. The signing of the said MPL Services Agreement will see APFT working with CAE and AirAsia to train AirAsia future first officers. CAE and AirAsia have decided to transfer their MPL technology to Malaysia and have chosen APFTSB to conduct the basic, core and transition phases of its MPL program.
APFTSB operates a flight training academy in Kota Bharu with detachments in Subang, Kuala Terengganu and Ipoh. It was formed six years ago and todate, 600 cadets from various airlines as well as private students have graduated from the flight training academy of APFTSB.
On the other hand, CAE is the world’s leading provider of commercial aviation and ab initio training. CAE is a corporation incorporated under the laws of Canada, with a place of business in the City of Saint Laurent, Province of Quebec, Canada.
The entering into the said MPL Services Agreement with CAE is not expected to have any material impact on the earnings per share and net assets per share of APFT Group for the financial year ending 31st December 2012. However, the Company expects the said MPL Services Agreement to positively affect its bottomline from the financial year ending 31st December 2013 onwards.
None of the directors, major shareholders and/or persons connected with the directors and major shareholders of APFT has any interest, direct or indirect, in the said MPL Services Agreement
ASIA Pacific Flight Training (APFT) Sdn Bhd, a subsidiary of public-listed company APFT Bhd, has clinched a five-year contract with CAE Inc of Canada to train AirAsia cadet pilots.
Under the contract, CAE will provide the complete syllabus and equipment to APFT to conduct the latest and most sophisticated training to AirAsia cadet pilots to become first officers.
The latter, upon graduation, will be classified as licensed officers that permit them to fly as co-pilots with the guidance of the flight captain. . . . He said the financial aspects of the contract would be positive for APFT as the revenue generated would put the company on a stable footing for the next five years.
"We won't see the money rolling in now but at the end of 2013 when the first batch of cadet pilots are expected to graduate." From APFT, it costs RM250,000 to train a cadet pilot from scratch to MPL level. With 200 pilots to train over a five-year period, a steady stream of income is assured for APFT. But for AirAsia, the total outlay to train a pilot costs US$160,000 (RM480,000) as the figure includes other phases of pilot training up to a total of 20 months.
But AirAsia isn't the only source of income for APFT as Faruk clarified that the terms of the contract permits APFT to accept cadet pilots from other local and foreign airlines and training schools.
"Without doubt, MPL training will enhance the reputation of APFT and put it in a good stead for other airlines to send their cadets to us."
if mother can not go above 45 sen, the warrant will drop further to 6 sen. if mother go back to 50 sen then warrant will rocket to 15-18 sen !!! if syndicate still in the game (unlikely,they have sold all warrant n game over)then the warrant will be very very trill to play, if mother go up 5 sen the warrant will jump 50%,if mother go up 8 sen, the warrant can easily shoot up 100% !!!!!!
I think not because of they are idiot but panic selling from the 1st or 2nd buyer try to cut losses due to the price continue to drop. The winner is the 3rd buyer.
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Who wants to become a pilot? Get ready min RM 250k....