Posted by btuscy > 2020-12-14 16:10 | Report Abuse

@sweetchocales, bilis is like that buy low sell medium then buy high sell low.

Posted by DrJoel88 > 2020-12-14 16:17 | Report Abuse

Run first la.. Mahathir going to scare some investors today

Posted by btuscy > 2020-12-14 16:29 | Report Abuse

Drjoel88, awal lagi :) TP0.125

Posted by lamy92 > 2020-12-14 16:30 | Report Abuse

Buy now.. Kroni company madey.. Buy moreee

Posted by btuscy > 2020-12-14 16:30 | Report Abuse

hold, hold, TP0.125 for short term, then can buy back at correction

Posted by DrJoel88 > 2020-12-14 16:33 | Report Abuse

Hahaha, i know awal bro. Suddenly he give some shocker, then market close. Tamau la. Besok can buy back. For now collect profit dulu

Posted by btuscy > 2020-12-14 16:36 | Report Abuse

@drjoel, janji tutup hijau ok jg bh

Posted by tok_jeff > 2020-12-14 16:36 | Report Abuse

buy buy

Posted by DrJoel88 > 2020-12-14 16:38 | Report Abuse

U see Ku Li saying also government not stabile, they gona really scare investors

Posted by btuscy > 2020-12-14 16:39 | Report Abuse

show starts

Posted by DrJoel88 > 2020-12-14 16:50 | Report Abuse

Now see the madman Madey saying tomorrow they need to vote for the Budget. If not approved there maybe a chance the government will collapse. Wtf right!! Grrr!!!

Posted by btuscy > 2020-12-14 16:54 | Report Abuse

@if budget reject will not affect AA/AAX dun worry

Posted by btuscy > 2020-12-14 16:55 | Report Abuse

tomorrow gap up punya, i expect it to close at 0.100 today but instead close higher. good good

Posted by Hairul Hafizy > 2020-12-14 17:45 | Report Abuse

other countries bz to find ways on how to revive econ. Our country bz to find ways on how to revive new government/PM.

Posted by nik5007 > 2020-12-14 17:45 | Report Abuse

Que buy at 105 over 300k.tomorow maybe over 500k.highest maybe 150.let see

Posted by btuscy > 2020-12-14 19:21 | Report Abuse

soon will release news about tata aquiring air india via airasia :) then fly fly fly

Posted by btuscy > 2020-12-14 19:46 | Report Abuse

news released shares consolidation 10-1

Posted by Chkung81 > 2020-12-14 20:03 | Report Abuse

Will it any impact to share holders?

Posted by btuscy > 2020-12-14 20:09 | Report Abuse

shares divide by 10 price multiply 10, in theory no changes. less unit held, price still same.

Posted by staind86 > 2020-12-14 20:24 | Report Abuse

btuscy, share divide by 10, at the same time, the price/share will multiple by 10. Eg, current rm0.105 becomes rm1.05. Your net investment value remain the same. But, rm0.105 drop to rm0.005 = 95% drop. If rm1.05 drop to rm0.005=99.5% drop. Investor view whether this as positive /negative is subjective, depending on your prediction. But I thing I know bout aax, it is a sucker counter. TF will gives you all the good fake promise. When you least expecting it, he gives you a sucker punch. All the signs are there.

Posted by btuscy > 2020-12-14 20:41 | Report Abuse

@staind86 relax all is still ok

Posted by staind86 > 2020-12-14 20:54 | Report Abuse

btuscy looking at your previous comment you don't seems to understand what is share consolidation, my guess is you must be new to the market. Like I said, positive or negative up to your own prediction...

Posted by btuscy > 2020-12-14 20:54 | Report Abuse

https://www.reuters.com/article/airasia-x-fundraising/malaysias-airasia-x-to-raise-up-to-123-million-in-rights-issue-new-shares-idUSL1N2IU0PZ

its good news that AAX raising funds to kick start the business. its something to be relieved about.

Posted by btuscy > 2020-12-14 21:07 | Report Abuse

@staind86, ya ya, since u are very senior and very pro, have u become billionaire from the market?

Posted by xytraders > 2020-12-14 21:11 | Report Abuse

btuscy, dont kid talking

Posted by staind86 > 2020-12-14 21:15 | Report Abuse

You ask ppl relax here and there, but what is share consolidation also half past six. Google also can find answer. But you still wrong.. Now wanna get triggered. Lols.

Posted by InvestNotGamble > 2020-12-14 21:44 | Report Abuse

https://www.klsescreener.com/v2/news/view/766195/airasia-x-raising-rm300-million-via-call-cash-and-rm200-million-through-share-subscription-from-new-investors

As a result, AAX announced that it is revising the proposed capital reduction of 90% to 99.9%, which will comprise a reduction of its issued share capital of approximately RM1.53 billion to RM1.53 million. To put things in perspective, share capital of RM1 will be reduced to 0.1 sen.

Good luck guys if you continue to hold a company that is soon to worth only RM1.53million. These few days obviously pump and dump.

Posted by Taeyeon09 > 2020-12-14 21:47 | Report Abuse

Run, back to glove counter

Posted by Lele > 2020-12-14 21:53 | Report Abuse

Airline share can't buy first lah

Posted by night_shadow > 2020-12-14 21:54 | Report Abuse

If u want buy i suggest AirAsia dont buy AAX, they are different! AAX has still ZERO aircraft flying atleast till first quarter next year, so ZERO cashflow but millions debt accumulating every month so spend ur hard earn money wisely.

Posted by jetk13 > 2020-12-14 22:03 | Report Abuse

https://www.thestar.com.my/business/business-news/2020/12/14/airasia-x-to-raise-rm500mil-via-rights-and-new-shares-sale

Any idea and suggestion..
Discuss please..

Posted by mf > 2020-12-14 22:04 | Report Abuse

Dow futures jump 200 points to start the week on vaccine, stimulus hopes

Posted by Jeffreyteck > 2020-12-14 22:24 | Report Abuse

Continue to fuel with right issues etc.

Posted by Miey089 > 2020-12-14 22:28 | Report Abuse

Dont worry la..aax dah lame tdo..time to shine.. Tgok airasia.. Rm1..

Posted by baskoro1965 > 2020-12-14 22:31 | Report Abuse

Consolidation,finish back to square one. Gap down. Stby to run.

Posted by speakup > 2020-12-14 22:39 | Report Abuse

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3113685

bad news! besok limit down!

Posted by chesslim > 2020-12-14 22:40 | Report Abuse

Right issue !? Tmr gap up or down ?

Posted by tablesalt > 2020-12-14 22:40 | Report Abuse

I think it would definitely gap down, the sentiment towards right issue is not positive. Stay strong guys, average down when its super low. May you guys hit the sky when the time comes!

Posted by Miey089 > 2020-12-14 22:53 | Report Abuse

Lol.. Limit down

Posted by Fish herman > 2020-12-14 22:59 | Report Abuse

Singapore approved vaccine from Pfizer, soon after vaccine gets into Singapore, Malaysia will be next and that's when long distance flight, AAX will profit.

3 hours ago news
https://www.channelnewsasia.com/news/singapore/singapore-approves-pfizer-biontech-covid-19-vaccine-phase-3-13769570

Posted by Jeffreyteck > 2020-12-14 23:13 | Report Abuse

500 m to be raised is certainly insufficient, just be prepared for another round.

Posted by ruhaizat69 > 2020-12-14 23:17 | Report Abuse

Ten become 1

Posted by Alexander78 > 2020-12-14 23:17 | Report Abuse

KUALA LUMPUR (Dec 14): AirAsia X Bhd's (AAX) deputy chairman Datuk Lim Kian Onn is spearheading a special purpose vehicle (SPV) to pump in at least RM50 million fresh capital into the low-cost carrier, which is in the midst of negotiating with its creditors for debt and liabilities restructuring.

AAX announced its equity raising plan that entails a cash call to its existing shareholders to raise up to RM300 million plus issue of new shares to new investors to raise an additional RM200 million, roughly two months after the airline unveiled its massive debt and liabilities restructuring scheme involving steep haircut for creditors.

However, no shareholder shall emerge as a new controlling shareholder of the company, to ensure that mandatory general offer obligations will not be triggered, according to the announcement to Bursa Malaysia.

Under the issuance and allotment of shares to new investors, AAX said the SPV incorporated by Lim will commit a minimum subscription of RM50 million.

On top of that, the SPV will also be given an option to subscribe to an additional 15% of the enlarged total number of AAX shares after the proposed rights issue and share subscription.
AAX said it intends to raise a minimum of RM100 million from the proposed rights issue. The airline intends to procure it via underwriting arrangements of RM100 million, which will be arranged at a later date.

The carrier's share price closed at 10.5 sen today, giving a market capitalisation of RM435.56 million.

AAX expects the proposed fundraising exercise to be completed in the first half of 2021.
The low-cost carrier stressed that the equity fundraising exercise is a critical component of the comprehensive restructuring and recapitalisation plan announced earlier, and will support the implementation of the group's revised business plan.

Meanwhile, certain creditors demanded AAX to have a deeper slash on the low-cost carrier's share capital.As a result, AAX announced that it is revising the proposed capital reduction of 90% to 99.9%, which will comprise a reduction of its issued share capital of approximately RM1.53 billion to RM1.53 million. To put things in perspective, share capital of RM100 will be reduced to 10 sen.
In a statement, AAX, which serves the long-haul routes, said the credit arising from the proposed share capital reduction will be used to offset part of the accumulated losses.

Its proposed share consolidation after the share capital reduction, which entails the consolidation of every 10 existing AAX shares into one share, remains unchanged.
AAX noted that its shareholders' funds will remain in deficit after the capital reduction but the consolidation of shares post-capital reduction will provide a platform to seek fresh funding from existing shareholders.

AAX added that the funds to be raised are adequate for several scenarios "envisaged within our business plan" amid the "evolving and dynamic" environment.
However, the company must first secure the approval of its creditors for the debt restructuring scheme, it said, noting that several lessors have intervened in the restructuring proceedings to register their objections to the scheme.

"AAX wishes to reiterate that the debt restructuring scheme is a prerequisite for the recapitalisation of the company by both existing and new investors and a comprehensive reset of the airline is required to provide a platform to rebuild and a vehicle attractive enough for investors to invest in," said the airline.

It will continue to engage with creditors and it hopes to allay their concerns, said AAX, adding that the alternative to the scheme is a liquidation of the airline without any returns to creditors.
Post-pandemic, AAX said a reset with fresh equity and a repositioning of the airline as a regional medium-haul low-cost carrier will provide the best economic returns to creditors in a continued business relationship.

"The company has received some indications of interest for investment in a restructured AAX and will similarly continue to engage with these potential investors," it said.
In October, the airline unveiled a debt and liabilities restructuring proposal involving the reconstitution of RM63.5 billion worth of debts, including future lease rentals, aircraft purchase commitments and advanced ticket sales into a principal amount of up to RM200 million.
The plan also included the proposed capital reduction, share consolidation as well as the proposed fundraising exercise.

Posted by ruhaizat69 > 2020-12-14 23:17 | Report Abuse

1 become 0

Posted by Alexander78 > 2020-12-14 23:18 | Report Abuse

aiyaaa ini macam esok masih boleh fly la..dont worry so much...

Posted by ruhaizat69 > 2020-12-14 23:19 | Report Abuse

0 become hero at last

Posted by Fish herman > 2020-12-14 23:21 | Report Abuse

Finally zero to hero

Posted by Miey089 > 2020-12-14 23:28 | Report Abuse

Hold n tight.. For few month..

Posted by Sweetchocalates > 2020-12-14 23:33 | Report Abuse

There wont be changes. It has already been priced in. Like who doesnt know aax is going for rights issue? Lol. Alresdy said long ago

Posted by btuscy > 2020-12-14 23:35 | Report Abuse

Hahahah so many hoping for it to go down, simple, u hope it to up, it goes down, u hope it to go down when its up it will go higher hahahaha