Posted by i3lurker > 2023-08-02 16:20 | Report Abuse

No need to bailout coz suffering is both necessary and good, it also means people who drive Bentleys are enjoying.

Posted by paktua73 > 2023-08-02 16:34 |

Post removed.Why?

Posted by mf > 2023-08-02 16:35 | Report Abuse

US 30 35,359.1 -271.6 -0.76%
US 500 4,531.2 -45.5 -0.99%

Posted by joyvest > 2023-08-02 16:38 | Report Abuse

Previously , BURSA granted the time extension for AAX to submit the RP on and before 28/10/23 having chucked out AAX 's application for the relief from submission and upliftment of PN 17 . ( Proposed Relief & PN17 Upliftment”).

Why now AAX says BURSA is still considering their application for the said proposal ? who is telling the truth ?
Do you mean BURSA has made a U-Turn ? If this is true, why is the share price still declining ?

Posted by AlphaInvestor > 2023-08-02 16:42 | Report Abuse

joyvest, AAX submitted the upliftment request and possible extension on 20-July

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3370254

Posted by rr88 > 2023-08-02 16:51 | Report Abuse

Klee, paktua, backside hole kena dy?
Pain or not?
Wait, a lot more to come.
Hu hu..

Posted by Ravi Kumar > 2023-08-02 16:52 | Report Abuse

tut tut tut if tomorrow never reach 2.06 rr88 will get lost cos his broken crystal ball

Posted by joyvest > 2023-08-02 16:55 | Report Abuse

Could the time extension for AAX to submit the RP on and before 28/10/23 granted by BURSA be inferred as the request /application for relief and upliftment to be unsuccessful ?

Posted by i3lurker > 2023-08-02 16:56 |

Post removed.Why?

Posted by i3lurker > 2023-08-02 17:01 | Report Abuse

of course
AAX can sue BURSA to get back PN17 status.
just like Serba sue BURSA for everything

Posted by ericwwt > 2023-08-02 17:04 | Report Abuse

Many are burned today.

Posted by joyvest > 2023-08-02 17:08 | Report Abuse

Though BURSA did not specifically reject their application for Relief and upliftment , the time extension granted has insinuated the intention of BURSA that the authority is not keen to set a precedent. Judging from that, their application for relief and upliftment is unlikely to be successful .

The announcement by AAX saying that the authorities are still considering their application is misleading.

Posted by investorbat > 2023-08-02 17:12 | Report Abuse

bursa did not say extension granted

Posted by investorbat > 2023-08-02 17:13 | Report Abuse

why so difficult to understand?They are 2 scenarios
1)upliftment of pn17,no need RP
2)upliftment decline,RP extended to 28 oct
bursa did not says anything as for today,please wait

Posted by joyvest > 2023-08-02 17:21 | Report Abuse

Omg

Posted by joyvest > 2023-08-02 17:27 | Report Abuse

Time extension has been granted

Posted by The_JQuestion > 2023-08-02 17:28 | Report Abuse

if it is relly high why is it still not just but 2.2+++ ,oppurtunity to come in before QR realease and volcano erupts +30% to RM 3+++
steady stony will show u his magic soon, Bursa see the QR will sweat their pants and release to main board direct. one call by stony only

Posted by aaxdelisred > 2023-08-02 17:35 | Report Abuse

Bursa just cant approve it.
Aax may dilisted .

Posted by i3lurker > 2023-08-02 17:43 | Report Abuse

no worries
Stony go prison and take photo with Bossku ... just like last time
or
Stony paints his house all blue to support BossKu
or
Stony paints his car blue to support BossKu
or
Stony wears blue underwear after delisted.

or
CapA provides 100% free services to AAX in celebration of Bossku going to jail until RM40 million is reached.

Posted by The_JQuestion > 2023-08-02 17:49 | Report Abuse

u are right... once PH,BN wins election... rinngit will appreciate. Cheaper to buy fuel > more profits. UNtil Q4 profit become 200%.. bossku also proud can take aax go buy rosmah more diamond rings ,, zahed also take AAX go china speak mandarin .. all is good AAX takeoff to limit up skies

Posted by joyvest > 2023-08-02 18:23 | Report Abuse

Bursa will not approve two applications.the application for time extension has been granted. The other application for relief and upliftment is out of the question and will not be entertained

The Bursa just can't sit and wait for the upcoming QRs one after another forever.

The bursa's stand is clear .both companies ie AAX and Cap A must submit RP. How they compliment to their own salvage plans is up to stony

Posted by i3lurker > 2023-08-02 18:30 | Report Abuse

very easy
AAX bills CapA RM40 million for use of toilet paper.
Qualifies at the speed of printing invoice. Now got RM40 million assets.

CapA bills any Aubai or Bubai or Cubai or Dubai company RM10 billion for use of toilet paper.
Qualifies at the speed of printing invoice. Now got RM40 million assets.

Problem solved.
QED



Posted by joyvest > 1 minute ago | Report Abuse

Bursa will not approve two applications.the application for time extension has been granted. The other application for relief and upliftment is out of the question and will not be entertained

The Bursa just can't sit and wait for the upcoming QRs one after another forever.

The bursa's stand is clear .both companies ie AAX and Cap A must submit RP. How they compliment to their own salvage plans is up to stony

Posted by David Gunter > 2023-08-02 19:03 | Report Abuse

I laugh at these clowns who say AAX and CapitalA will be delisted wakakakaa. What a bunch of clowns

Posted by i3lurker > 2023-08-02 19:09 | Report Abuse

Hari ini dalam Sejarah ...

hundreds of thousands of people laughed at clowns who claimed Serba will be delisted.

Posted by i3lurker > 2023-08-02 19:11 | Report Abuse

Dun worry
My Proposal to sell Petronas to AAX for RM1.00 is still under careful study.

alternative is to sell both Kastam and also Income Tax Dept to AAX for RM1.00 also can.

Posted by AN7889 > 2023-08-02 19:23 | Report Abuse

AirAsia X ready to exit PN17 status, say sources
Jul 24th by The Edge
READYY!!SET!!GOO!!

Posted by AN7889 > 2023-08-02 19:25 | Report Abuse

1. One criterion to meet is that the listed issuer’s shareholders’ equity must be more than RM40 million. AAX (2.26 -0.090)s’s shareholders’ equity turned positive in the first quarter ended March 31, 2023, toRM40.76million, from a negativeRM599.9million in the preceding quarter. It recently raised RM50 million through a private placement of shares, which will bump up the shareholders’ equity to RM90 million.”

2. now recorded three consecutive quarters of positive results up to the quarter ended March 31, 2023. Thanks to a restructuring of debts, which saw it write RM33 billion of liabilities and provisions for liabilities back to profits, and the recovery of demand in the region, the airline posted a net profit of RM328 million in 1QFY2023, up fromRM153.48million in 4Q2022 andRM25.09million in 3Q2022. As at end-March 2023, AAX (2.26 -0.090)s’s cash and equivalents stood atRM192.37million.

3. latest balance sheet data shows that AAX (2.26 -0.090)s’s net current liabilities for 1QFY2023 wereRM35.71million, albeit significantly narrower than the preceding quarter’sRM657.32million. It remains to be seen whether the airline’s total current assets will finally exceed total current liabilities in 2QFY2023. It is worth noting that its independent auditor had highlighted the airline’s net current liabilities position as at end-June 2021 in the basis for disclaimer of opinion report. AAX (2.26 -0.090)s is due to release its 2QFY2023 financial results in August.
TAYOR!!

Posted by AN7889 > 2023-08-02 19:27 | Report Abuse

GOOD THINGS TAKE TIME!!

Posted by ks5S > 2023-08-02 19:38 | Report Abuse

another bull run coming soon
those cut loss will regret

Posted by Vhydro > 2023-08-03 00:47 | Report Abuse

When the airlines around the world started to redeploy their idle aircraft back to operation, the supply side will only keep increasing. However, can the demand keep pace with the supply? High ticket fares due to borders reopened is already a history.

The room is limited for this share price increase further. In opposite, the downside risk is larger than the upside reward.

Exit PN17, this is already price in in the share price.
See AAX in 1.5

Posted by mf > 2023-08-03 05:27 | Report Abuse

Dow Jones

Dow Jones Industrial Average

35,282.52

-348.16

0.97%

Nasdaq

NASDAQ Composite

13,973.44

-310.46

2.17%

Posted by rr88 > 2023-08-03 07:19 | Report Abuse

Oh boy! New york tumbled 300++ points.

What makes this worse? It is only the beginning.

Ho ho...

Posted by rr88 > 2023-08-03 07:20 | Report Abuse

Hu hu...lu la la...oh yeah, oh yeah....

Posted by KingKKK > 2023-08-03 08:29 | Report Abuse

Record Month: Ryanair Carries 1.3 Million More Passengers Than Ever Before

Over 18.7 million passengers were carried by the low-cost carrier during July, smashing its previous monthly record set in June.

August is predicted to be just as busy for Ryanair, with poor weather in the UK and Ireland prompting last-minute vacations.

https://simpleflying.com/ryanair-record-passengers-july-2023/

Posted by paktua73 > 2023-08-03 08:37 |

Post removed.Why?

Posted by icecool > 2023-08-03 09:13 | Report Abuse

when NY stocks drop KL stocks drop when NY stocks up KL stocks no up this is the problem

Posted by rr88 > 2023-08-03 09:28 | Report Abuse

No volume. Cut loss into strength.

Posted by rr88 > 2023-08-03 10:31 | Report Abuse

What makes you think bursa will lift pn17 without restructuring?

Creditors hv lost 99.5% of their money. No way hose upliftment pn17.

When bursa rejection news comes out, it will drop 20 cents in a day. Next day below 2.00 n move towards 1.80.

2.20 - 2.30 is very good price to cut loss and undo yr mistake. Cut loss now!

Posted by rr88 > 2023-08-03 10:37 | Report Abuse

Tp revised to 1.84.
I cancelled my plan to buy.
Out of here. Adios.

Posted by joyvest > 2023-08-03 10:52 | Report Abuse

By granting AAX with further time extension to submit RP on and before 28/10/23 is already a clear demonstration of the intention of BURSA that AAX's application for relief and upliftment would not be entertained.

BURSA would have uplifted AAX if AAX had not been dragged by the financial distress of Cap A. Basically , Cap A is the stumbling block to the hindrance of upliftment . Cap A is the greatest culprit.

BURSA 's stand is very clear now in that both AAX and Cap A are required to submit the RP together on and before the deadline.

End of the story.

Posted by joyvest > 2023-08-03 11:01 | Report Abuse

For the above reason, hope of relief and/or upliftment of AAX by BURSA before the deadline is not expected to materialise

Posted by ericwwt > 2023-08-03 11:23 | Report Abuse

In that case, AAX will keep falling until end of October.

Posted by joyvest > 2023-08-03 11:40 | Report Abuse

Fundamentally speaking, you have spotted on .

Posted by David Gunter > 2023-08-03 12:41 | Report Abuse

rr88 and punctured crystal ball

Posted by CapitalB > 2023-08-03 12:45 | Report Abuse

Rr88. Hope you can see this.

Posted by CapitalB > 2023-08-03 12:46 | Report Abuse

Ypu haven answerr the Question yet. HAVE YOU ALL in your limited money to short selling AAX?

Posted by CapitalB > 2023-08-03 12:46 | Report Abuse

Or you dun know how to do it?

Posted by CapitalB > 2023-08-03 12:48 | Report Abuse

Rr88 Short selling now rm2.3 and buy baxk on 1.84 lo... All in

Posted by Ravi Kumar > 2023-08-03 13:13 | Report Abuse

rr88 suppose to be 2.06 today no? Crystal ball pancit wakakakakaka what a loser

Posted by harvest6138 > 2023-08-03 14:02 | Report Abuse

https://www.reuters.com/business/aerospace-defense/airasia-x-restructuring-plan-backed-by-first-group-creditors-2021-11-12/

found this article , it explains well how AAX's debt is being restructured , for those who are interested may take a look ...

found this