Governments of Norway, Sweden, Finland and Germany had just advised their citizens and large companies to prepare for War with Russia. Stockpiling raw mats. Bomb shelters guides etc👍🤜😁
why buy aax where you have better choice in other mkts eg HK Cathay Pacific, PE less than 10, Div yield 7%. The share price is also uptrend currently...
Something very very fishy going on and I don't feel good. Normally AAX would disclose the financial result before Capital A. Is it going to an awful magic trick again
AAX bought AAG for RM6.8B. With share swap of RM3.8B so AAX will only have to come up with RM3B in cash. With a potential revenues of RM11B, how long will it take for AAX to pay off the debt.
AAX did not come out with any money just take over AAGL by issuing AAX share to capA and AAB by take over debt owed by capA to AAB or in other word take over all the CapA Aviation net liabilities. AAX then need RM 1 billion PP capital injection to stay afloat for another year.
If in FYE 2025 external auditor insist on impairment of goodwill then most likely AAX equity will fall into negative and send AAX into PN17.
Upon completion of the Proposed Acquisitions AAX NOSH will increase from 447.07 million into 3,639.72 million. Total borrowings, debentures and lease liabilities as at 31 December 2023 of RM 24,492.69 million (gearing ratio of 42.60 times)
Just a simple question if valuer valued a property as 10 million but that property is charged to bank for 5 million loan so are you going to pay the seller 10 million to take over the property and the loan?
Posted by TradingFUN > Dec 27, 2024 10:20 AM | Report Abuse who decide the value ? Valuer or Auditor ?
What was the valuers valuation for AAGL and AAB ? Acquired at premium or discount ?
Goodwill and intangible assets upon completion of the Proposed Acquisitions are RM10,090.74 million and RM2,430.84 million respectively.
Is above answer you question: Acquired at premium or discount ?
External Auditor, are non-current assets: Deferred tax assets and goodwill subjected to yearly impairment?
“For illustrative purposes, as set out in the pro forma consolidated statement of financial position of our Group as at 31 December 2023 in Appendix VIII of this Circular, the goodwill and intangible assets upon completion of the Proposed Acquisitions are RM10,090.74 million and RM2,430.84 million respectively, based on the assumptions and parameters stated therein.”
Answer 1) Goodwill is subject to yearly impairment assessment; and 2) Deferred tax assets are assessed on a yearly basis to determine whether there are future taxable profits in which the deferred tax assets can be utilised.
After acquisation and capital reduction AAX RM'000 Total Shareholders' fund/equity: RM 574,645 Non-controlling interests: RM (1,837,900) Total equity: RM (1,263,255)
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
icecool
5,059 posts
Posted by icecool > 1 month ago | Report Abuse
wow aax taking off better get in now