CAPITAL A BERHAD
KLSE (MYR): CAPITALA (5099)
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Last Price
0.81
Today's Change
+0.015 (1.89%)
Day's Change
0.795 - 0.825
Trading Volume
28,326,500
Changes
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Discussions
126 people like this. Showing 50 of 166,810 comments
Using AAX as a sacrificial lamb to get capA to exit PN17 is what Stony can come out with.
Not so fast, will the plan can approval from so many parties.
The below is from the annual report page (27 & 28) audited account. A bit different from the unaudit Q4 end 31/12/2024 report
CapitalA Balance Sheet as at 31/12/2023 of:
Net current liabilities: RM (12,669,239,000)
And Net total assets/total equity : RM (10,624,737,000)
1 day ago
On the list of approvals, no particular party strikes to me as something they will not get approval on. The fact that AAX shares and Capital A shares are up 27% and 15% respectively since announcement tells you everything you need to know, as for Malaysian regulators I think it is pretty uncommon for them to reject such proposals
1 day ago
Cap A will get back 50% of catering. Besok 5 sen naik for sure. Cepat masuk!!!
1 day ago
Ayo... 50% ground handling lo... Banyak duit kah sini?? Catering already in their pocket. Still I bet 5 sen naik tomolo morning.
1 day ago
Maximum Scenario
Audited as at
31 December
2022
(I) (II) (III) (IV)
Subsequent
events prior
to the
Proposals(2)
Assuming all
the
outstanding
RCUIDS and
Warrants are
exercised
After (II) and
the Proposed
AAAGL
Disposal and
Proposed
Distribution(5)
After (III)
and the
Proposed
AAB
Disposal(6)
RM’ million RM’ million RM’ million RM’ million RM’ million
Share Capital 8,655.0 8,655.0 10,081.3 7,881.3 7,881.3
Merger Deficit (5,507.6) (5,507.6) (5,507.6) (5,507.6) -
Other Reserves 204.0 204.0 (35.5) (29.5) 35.2
Foreign
Exchange
Reserve (153.3) (153.3) (153.3) (446.8) (7.1)
Accumulated
Losses (8,923.2) (9,723.4) (9,737.5) (6,303.4) (6,244.0)
Shareholders’
equity/ NA (5,725.1) (6,525.3) (5,352.6) (4,406.0) 1,665.4
Number of
ordinary shares
in issue
(’million) 4,161.79 4,161.79 (4)5,847.08 (4) 5,847.08 (4) 5,847.08
NA per Share
(RM) (1.38) (1.57) (0.92) (0.75) 0.28
Total
borrowings
(RM'million) 17,995 23,961 23,961 15,723 1,076
Gearing ratio
(times) (1)N/A (1)N/A (1)N/A (1)N/A 0.64
1 day ago
Minimum Scenario
Audited as
at 31
December
2022
(I) (II) (III)
Subsequent
events prior
to the
Proposals(2)
After (I) and
the Proposed
AAAGL
Disposal and
Proposed
Distribution(3)
After (II) and
the
Proposed
AAB
Disposal(4)
RM’ million RM’ million RM’ million RM’ million
Share Capital 8,655.0 8,655.0 6,455.0 6,455.0
Merger Deficit (5,507.6) (5,507.6) (5,507.6) –
Other Reserves 204.0 204.0 210.1 274.8
Foreign Exchange Reserve (153.3) (153.3) (446.8) (7.1)
Accumulated Losses (8,923.2) (9,723.4) (6,289.3) (6,229.9)
Shareholders’ equity/ NA (5,725.1) (6,525.3) (5,578.6) 492.8
Number of ordinary shares
in issue (’million) 4,161.79 4,161.79 4,161.79 4,161.79
NA per Share (RM) (1.38) (1.57) (1.34) (0.12)
Total borrowings
(RM'million)
17,995 23,961 15,723 1,076
Gearing ratio (times) (1)N/A (1)N/A N/A 2.18
1 day ago
Look into the details of the restructuring plan in the prospectus and requirement to exit from PN17
1 day ago
The facts since capA is undervalued do you think any investors will invested in AAX/NewCo RM 1 billion PP or directly invest tgecRM 1 billion in capA?
If you are the investors will you invest RM 1 billion in capA or AAX/NewCo?
Why Stony did not ask the new investors to inject that RM 1 billion new capital into capA now?
Can it be RM 1 billion is not even enough to save capA?
If RM 1 billion not enough to save CapA then can the RM 1 billion enough for AAX/NewCo?
If AAX/NewCo failed will Stony and BOD end up in jail?
Wrongful Trading
In the CA 2016, an offence of wrongful trading is captured in section 539(3) that:
“…an officer of the company who knowingly was a party to the contracting of a debt had, at the time the debt was contracted, no reasonable or probable ground of expectation, after taking into consideration the other liabilities, if any, of the company at the time, of the company being able to pay the debt, commits an offence…”
Fraudulent Trading
Whereas section 540(1) of the CA 2016 stipulates an offence of fraudulent trading as below:
“If it appears…that any business of the company has been carried on with intent to defraud the creditors of the company or creditors of any other person or for any fraudulent purpose, the Court may declare that any person who was knowingly a party to the carrying on of the business in that manner shall be personally responsible…”
If an offence under section 539(3) has been made out, offenders may be punishable with a maximum imprisonment of 5 years or a maximum fine of RM500,000, or both. Reading together with section 540 of the CA 2016, it is added that the offender may even bear personal liabilities for the payment of the whole or any part of the company’s debt without any limitation of liability upon a court’s declaration
18 hours ago
If you really believe in Stony, will you want Stony to do somthing against the law just so that capA can exit PN17 but end up with Stony in jail?
Or you do not mind even capA delist from Bursa and you still holding to your unlisted capA to allow Stony time and space to do debts restructure (creditors haircut) and then relist aviation, MOVE, ADE and etc to realised its full potential value?
18 hours ago
I rather choose to believe on TF than the no brained that keep on posting nonsense without understanding the facts in the restructuring plan
17 hours ago
The no brainer likes to comment why others not doing this and that , like an expert dictating others decision without knowing what's going on. That's why TF can be a CEO and he just keep on putting up his useless comment
17 hours ago
Why not just let the CEO doing the job and we just follow through the plan and make own decision
17 hours ago
Others sembang kosong saja. Empty can... CEO talk got substance. Boleh implement. Why listen to tong kosong..... Nanti syiok sendiri.
17 hours ago
So tell me what are the facts in the restructure plan apart from just getting capA out of PN17?
Any creditors geeting haircut? Without creditors haircut debts restrecture can AAX/NewCo take over capA
CapitalA Balance Sheet as at 31/12/2023 of:
Net current liabilities: RM (12,669,239,000)
And Net total assets/total equity : RM (10,624,737,000)
What will be AAX/NewCo net current liabiliaties?
Can AAX/NewCo not default in payment obligation of net current liabiliaties that is due in 12 months time?
17 hours ago
So the audited account confirm 2023 is another lose making year.
DEVIATION BETWEEN UNAUDITED RESULTS AND THE AUDITED RESULTS
In compliance with Paragraph 9.19(35) of the Main Market Listing Requirements of Bursa Securities, the Board of Directors of Capital A wishes to announce that there is a deviation of more than 10% between the Net Profit attributable to Owners of the Parent stated in audited financial statement for the financial year ended 31 December 2023 (AFS2023) and unaudited results for the 4Q FYE2023 which was announced on 29 February 2024. The details of which are as follows:
Net (Loss)/Profit for the Financial Year Variance
AFS 2023 4QFYE2023
RM’000 RM’000 RM’000 %
Net Profit attributable to:Owners of the Parent
336,789 836,986 (500,197) -59.8
Non-controlling interests
(433,103) (329,393) (103,710) -31.4
Net (Loss)/Profit for the financial year
(96,314) 507,593 (603,907) -119.0
The deviation of more than 10% was due to reclassification of foreign currency translation differences from Statement of Comprehensive Income to Statement of Profit or Loss amounting to RM420 million(non-cash item) arising from the translation of lease liabilities denominated in USD. The reclassification has no impact on the shareholders equity of Capital A as at 31 December 2023. The Board of Directors of Capital A Berhad wishes to clarify that the change of the accounting treatment subsequent to the announcement of 4Q FYE2023 results was advised by our external auditor, Ernst & Young (“EY”) recently, as disclosed in Note 47 to the AFS2023. The existing accounting treatment has been audited by EY in prior financial years.
In prior financial years, the Group had classified certain subsidiaries as part of an extension of the parent and have recognised the foreign exchange gains/losses arising from intra-group transactions in the
statement of other comprehensive income rather than in the statement of profit or loss.
This Announcement is dated 30 April 2024
17 hours ago
CAPITALA - Trading Halt & Resumption of Trading CAPITAL A BERHAD
Kindly be advised that trading in the securities relating to CAPITALA will be halted with effect from 9.00 a.m., Thursday, 2 May 2024.
Trading in the securities relating to CAPITALA will resume with effect from 10.00 a.m., Thursday, 2 May 2024.
Your attention is drawn to CAPITALA's announcement dated 30 April 2024.
DEVIATION OF 10% OR MORE BETWEEN THE ANNOUNCED UNAUDITED FINANCIAL STATEMENTS AND THE AUDITED FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2023
16 hours ago
Purely an accounting opinion issue and the reality does not change. The equity of Capital A remains the same.
16 hours ago
Mabel think The Edges will report this news this evening .hihihi...
This Morning Capital A trading was Halt by Bursa for CAPITAL A BERHAD. Great opportunity for refueling since WTI is below USD 80 and Brent is also down 83.60 which is good for airlines.
Trading in the securities relating to CAPITALA is resume with effect from 10.00 a.m., Thursday, 2 May 2024.
Market Just open and Capital A rockets to 81.5 sen. Life is so beautiful when you are flying with the World Best Magicians..
Captain Mabel Meow
15 hours ago
Posted by Karlos > May 2, 2024 10:08 AM | Report Abuse
Purely an accounting opinion issue and the reality does not change. The equity of Capital A remains the same
Is that the fact?
Have you read the audited and unaudit account end 31/12/2023?
Total equity/deficit unaudit RM (10,469,461,000)
Audited total equity/deficit RM (10,624,737,000)
Or the reality is its does not matter whether the equity deficit is RM 10.625 billion or RM 10.469 billion due to too many zero at the end.
15 hours ago
More than ever...
https://www.businesstoday.com.my/2024/05/02/mavcom-reports-strong-air-passenger-recovery-in-first-quarter-of-2024/
14 hours ago
If whole year 2023 still lose making. What make you think just a quarter of high load factor will make any different?
14 hours ago
No power to move up liaw....The effect of TF just so so....less people trust on him.......LOL
10 hours ago
Capital A Berhad
Share Price 7 Day 1 Year
0.81 15.7% 5.9%
Full year 2023 earnings: EPS and revenues exceed analyst expectations
Full year 2023 results:
EPS: RM0.08 (up from RM0.80 loss in FY 2022).
Revenue: RM14.9b (up 127% from FY 2022).
Net income: RM336.8m (up RM3.57b from FY 2022).
Profit margin: 2.3% (up from net loss in FY 2022).
Available seat kilometres (ASK): 66.16b (up 127% from FY 2022).
Passenger load factor: 88.0% (up from 84.0% in FY 2022).
Total aircraft: 216 (up by 7 from FY 2022).
Revenue exceeded analyst estimates by 15%. Earnings per share (EPS) also surpassed analyst estimates.
Revenue is forecast to grow 2.2% p.a. on average during the next 3 years, compared to a 8.8% growth forecast for the Airlines industry in Asia.
Over the last 3 years on average, earnings per share has increased by 72% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.
Congrats to those that is already on board to New York..
Life is so beautiful when you are flying with the Best Magicians..hihihi
To Our Success !
Meow
6 hours ago
Two wonderful news today
Microsoft is on target to maintain the World Most Valuable company with mkt cap going to exceed USD3 trillion soon due to leading AI and data centre. Microsoft is investing $2.2 billion over the next four years in Malaysia's new cloud and artificial intelligence infrastructure as well as partnering with the government to establish a national AI center, its CEO Satya Nadella said Thursday. This investment is in addition to the existing investment made in 2021 which includes skilling an additional 1 million Malaysians. That investment has generate up to USD 4.6 billion in new revenues for local partners and cloud-consuming customers over the next four years. Furthermore, this initiative aligns with Malaysia’s goal to become a regional leader in the digital economy.
Capital A is also on target to be listed in New York and exited PN17. Congrats to those that is already on board to New York.
Life is so beautiful when you are flying with the World Best Magicians..
To Our Success !
Meow Meow Meow
6 hours ago
Singapore Airlines could post highest-ever earnings of about S$2.7 billion for FY2024, says analyst
While Raymond Yap of CGS International anticipates that the airline will pay a final dividend of S$0.38 per share, he entertains the possibility of SIA sweetening the reward to S$0.42
Meow
2 hours ago
https://www.businesstimes.com.sg/companies-markets/spotlight-1singapore-airlines-could-post-highest-ever-earnings-about-s-2-7-billion-fy2024-says-analyst
Singapore Airlines could post highest-ever earnings of about S$2.7 billion for FY2024, says analyst
The airline will pay a final dividend of S$0.38 per share with the possibility of SIA sweetening the reward to S$0.42 per share
2 hours ago
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The fact that Sslee doubled down, what we are witnessing here is the 5 stages of grief by Sslee
1 day ago