CAPITAL A BERHAD

KLSE (MYR): CAPITALA (5099)

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Last Price

0.70

Today's Change

-0.01 (1.41%)

Day's Change

0.695 - 0.71

Trading Volume

5,151,600

Changes
Ann. Date Date Type Name Title View
Discussions
124 people like this. Showing 50 of 166,517 comments

The_JQuestion

https://www.nst.com.my/business/corporate/2024/03/1031977/airasia-parent-capital-chinas-tripcom-expand-partnership

Wow trip.com prominent name now partner with cap A ahead of nasdap lisitng... belum limit up KAH ?? jet setter

2 weeks ago

Mar2083

Potentially may up trend next week

1 week ago

Sslee

Interest to know what the external auditor will say on capA annual report on the worsening of Balance sheet.
31/12/2023: 31/12/2022
RM'000: RM'000
Accumulated losses: (10,490,200): (8,923,188)
Total equity: (10,469,461): (9,516,958)
Shareholders' equity: (8,710,574): (5,725,093)
Net current liabiliaties: (12,507,207): (8,509,066)

Will our Malaysia auditors have the gut of Air Asia Philippines auditor Isla Lipana said these figures indicate that a “material uncertainty” exists on its ability to continue as a going concern.

1 week ago

ykyew11

Criticising even during the weekends when no one replied to you? You should give it a rest, we get that you dislike Tony/AirAsia and perhaps want to see them fail based on your prior comments, your words and everyone else's words here don't matter especially in forums like this, but as a shareholder, I encourage you to buy a lot and openly question the management during the next AGM if you want your voice to actually be heard

1 week ago

Sslee

My comment is for everyone to think for a second is capA financial standing become better off or worse off from 31/12/2022 to 31/12/2023?

What has went wrong in the past 1 year when even MAS make profit but CapA finacially become worse off?

Did capA BOD and Management do the right thing for capA employees and shareholders?
And why capA did not negogiate a better lease and interest on lease payment from the lessors?

12 months end 31/12/2023: 12 months ens 31/12/2022
RM'000: RM'000
Depreciation on ROU asset:(1,574,356): (1,309,533)
Financial costs- lease liabilities: (908,711): (705,152)

1 week ago

xiaoeh

Good sharing Sslee
this is all facts and figures that all investors should pay attention to

1 week ago

ykyew11

We all already know whatever you are saying hence the current share price, it's public information, we don't need you to tell us to "boycott" whatever counter you dislike like how some segments in Malaysia calling for a boycott to KK Mart because they dislike something.

What investors really want to know are their restructuring plan, valuation on Capital A's aviation arm & how many shares & Cash Cap A will get in, $400m fund raising & relisting plan, $200m revenue bond, further details on SPAC, $30m fund raising for AirAsia MOVE, Teleport fundraising and listing plans for Cap A's digital businesses in the future. We already know their balance sheet is bad in the current state, but people like me are interested in this counter because we are betting that Cap A's management can pull off the restructuring plan and get out of PN17.

I am holding this counter for the long-term, I am not denying it is high risk, sure there might be dilutions in the future as well but if they managed to pull of their restructuring plan and get out of PN17, I won't be surprised if my investments here will be a multiple bagger within the next decade.

That's why if you have any questions, I am recommending you to ask the management during the next AGM. Looking forward to hear your questions in the AGM. Hopefully you can put your skin in the game and don't coward out.

1 week ago

ykyew11

@xiaoeh

Maybe good sharing for the first time, but for the 50th to 100th time, it is spam at least to me

1 week ago

StartOfTheBull

SSLee has been putting so much attention and comments non stop in AAX and Capital A forums for the past five years, by right he should buy at least a minimum 100 units of share in Capital A to attend in person at the AGM to raise questions.

1 week ago

StartOfTheBull

Instead of arguing in forum, why not argue with Tony at the AGM? This is really weird.

1 week ago

ykyew11

He probably doesn't have the guts to do it, typical for people to put on a brave face online but not in real life

1 week ago

The_JQuestion

sslee say he buy at 0.70 ... he already earn 1 sens... soon rm 1 he will earn 30 sens,, go sslee support tony together we will FLY ... vroom to phewwwwww

1 week ago

xiaoeh

Posted by ykyew11 > 42 minutes ago | Report Abuse
@xiaoeh
Maybe good sharing for the first time, but for the 50th to 100th time, it is spam at least to me

😂😂
Sslee sifu
then update quarterly la when quarter result out...

1 week ago

Sslee

Many people suffered from confirmation bias where when one hold capA share he/she lose his ability to be impartial and tend to look only for information and process information in favor of capA no matter how bad the reality can be.

Anyway I do not blame them since Stony is such a sweet talker. Stony is so good and convicing in presenting his case on capA untill many are living in different reality.

Posted by Mabel > Mar 20, 2024 4:07 PM | Report Abuse
Yes lah..
Our Capital A so steady...
Every day cum it climbs just like AirBuss
Captain A, the Magician Airlines

Posted by The_JQuestion > Mar 29, 2024 6:07 PM | Report Abuse
https://www.nst.com.my/business/corporate/2024/03/1031977/airasia-pare...

Wow trip.com prominent name now partner with cap A ahead of nasdap lisitng... belum limit up KAH ?? jet setter

1 week ago

Sslee

And then there is this delusional OleOleOle:
Stony must be rolling on the floor laughing non-stop if he happen to read the below.

Posted by OleOleOle > Mar 15, 2024 1:31 AM | Report Abuse
New out of PN17 option without selling AA Aviation business to AAX:

Action 1:
Assume excess valuation for each plane of US$3.8mil. Or may be higher! LOL
Total 219 air planes yield excess value gain of RM3,821mil (1US$ to RM4.5915)

Action 2:
Don't give free CAPI shares to CapA investors, but instead use it to double the goodwill from US listing.
Goodwill RM2.36 bil to RM4.72 bil.

Action 3:
Make agressive profit target for 2024: RM2 bil net profit after tax. LOL

Action 4:
Stop buying new planes for one year. LOL


To get out of PN17:
Total Equity Deficit = - 10,469.5 mil (RM)
Valuation gain = 3,821.0 mil (RM)
US Listing Goodwill = 4,720.0 mil (RM) [Note: No free CAPI share to CapA investors.]
2024 Profit target = 2,000.0 mil (RM)
--------------------------------------------------------------
Net Cap-A Equity = 71.5 mil (RM)
== 1.7c NAPS

1 week ago

ykyew11

A bit rich taking the high chair and calling out others on confirmation bias huh when all you do is criticise AirAsia. The very fact you emailed research houses just because your conclusions differ from the analyst... maybe you should self reflect because you are bias, frankly it is a bit hilarious to see a non CFA holder taking the high chair thinking everything he says is right.

I still want to see you in the AGM raising your questions since that actually benefits shareholders, but I guess you are don't have the guts to do so.

1 week ago

Sslee

Monday 1 January 2024 1 USD = 4.5951 MYR
Friday 29 March 2024 1 USD = 4.7247 MYR

Brent crude at 1 Jan 2024: USD 75.54
Brent crude at 29 March 2024: USD 86.97

So quarter 1 end 31/3/2024.
What will be capA realised and unrealised currency exchange losses? And What will be capA jet fuel cost?
Can capA make any profit for quarter 1 end 31/3/2024?

1 week ago

Sslee

Just for information I am not a shareholder of AAX or capA but that did not stop me from presenting the available figures and facts to whoever interest in reading this i3 capA forum.

By the way anything wrong on facts and figures that I used to reprimand the TA analyst?

As a qualified and certified CFA your report should be based on your professional opinion/view on what was presented to you by CapitalA (Facts and Figures) and not your personal biased opinion. Quote; ”The increase in capital deficit would not derail its regularisation plan to uplift the company from PN17. In fact, the company has submitted the draft document for consultation to Bursa Malaysia and is confident to complete the regularisation plan by 4Q23 or 1Q24. The operating cash flow inflow was stable at RM484.9mn, boosting the group’s total cash to RM735mn as at June-23” Unquote

1 week ago

Sslee

Am I wrong to point out the below facts?

Capital A financial
- Group EBITDA up 325% YoY to RM462 mil on the back of Revenue of RM3.2 bil
- Group operating cash flow over RM1 bil.

Question 1: Why only present the positive; Group (“EBITDA”) of RM462 million in 2Q2023 and Group operating cash flow over RM1 billion to general investing public and IBs analyst but omitting to state that under MFRS 16:

(i) On the Consolidated Income Statement, expenses which were previously included under aircraft operating leases will be replaced by finance costs – lease liabilities and depreciation of right of use asset;
(ii) On the Consolidated Cash Flow Statement, operating lease rental outflows, previously recorded within net cash flow from operating activities, are classified as “net cash flow used in financing activities” for repayment of principal of lease liabilities.

1 week ago

Sslee

I am chemical engineer by profession (MU 1986 chemical engineering graduate).
I had taken some course on accounting for non accountant as my jobs involved reading financial account and preparing project IRR and production costing.

1 week ago

ykyew11

Well at present, I am incline to believe the TA analyst but who knows time will tell, AAX will likely bear the brunt eventually since majority of the debt comes from aviation, hence the fund raising post disposal. It is mentioned in the interview with Tony that post disposal, Capital A will have little debt, primarily from the $100m for ADE and $35 for Teleport. Main question is whether Bursa will approve lifting PN17 after the disposal or will require Capital A to post profits for 1 or 2 quarters.

1 week ago

Sslee

Will AAX's BOD be considered as commiting the below offend if they take on capA aviation's assets and liabilities knowingly very well that after the merged AAX most likely will default in debts repayment? (Need another round of debts restructure, capital reduction and shares consolidation)

The Companies Act 2016 (“CA 2016”) codifies a general duty on directors’ conduct of trading in a company close to the point of insolvency and any potential liabilities on that account. In broad terms, ‘insolvent trading’ may also be referred to as ‘wrongful trading’ and ‘fraudulent trading’.

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

1 week ago

metaverse

s = student, t = teacher

s: What do you call a company with negative assets?
t: company that's about to go out of business.

s: What do you call a company with negative assets that's trying to raise money?
t: A company that's about to be sold for scrap.

s: What do you call a company that's always losing money?
t: A company that's not on the i3 forum!

s: What do you call a company with negative assets that tries to sell itself as a positive investment?
t: A pipe dream.

s: What's the best way to invest in a company with negative assets?
t: Don't 😁

1 week ago

metaverse

欢迎来到 i3 论坛,这里是充满彩虹和阳光的幻想世界。梦想就像一个脆弱的泡沫。现实是冷酷的。一个负资产的公司 ,变来变去,还是负资产。一花一世界,一木一浮生,一草一天堂,一叶一如来。日落西山,百鸟归巢。秋去冬来,周而复始。

见微知著,以小见大 《鬼谷子》。

1 week ago

The_JQuestion

wow china is taking interest on cap A.. jack ma must like tony. soon the world will know cap A , nasdaq golen stock, dont miss , shoot up and fly non stops ,,, no return, one WAY !

1 week ago

goldmanbull

Still many Stony die hard fans

1 week ago

paktua73

morning all capitalla forum readers..
paktua back with swing pick..
now paktua focus on new born stock 24..
come look on other opportunities..

paktua back swing on new born stock..
joined paktua on good hot new born stock..
paktua back pick new hot counter for march till june..

so paktua n team we will focus on

1-Mtec paktua target minimum rm1.25 (main target rm1.43)
2-KJTS paktua target minimum brm0.80 (main target rm0.93)
3-Hegroup Paktua target rm0.70
4-Zantat paktua target rm0.70(now only rm0.50)

set from 21hb march 24.till 7hb june 24..
come joined paktua Swing team..
let we fight together



tut tut
come joined paktua swing team..
sent request at tele @swingdarkred73

1 week ago

HaHassan

Macam mana paktua punya tp untuk Capital A?

1 week ago

The_JQuestion

Airport is now rm 10.... cap A should be rm 1 too.. only matter of time , good news coming ,, nasdaq , pn17 out , what are u waiting for?

5 days ago

Mabel

Sslee This is because MAS reset it Balance sheet with a debt restructure whereas capA Balance Sheet is a total disaster.
31/12/2023: 31/12/2022
RM'000: RM'000
Total equity: (10,469,461): (9,516,958)
Shareholders' equity: (8,710,574): (5,725,093)
Net current liabiliaties: (12,507,207): (8,509,066)


Malaysia Aviation Group Awarded the ‘Restructuring Deal of the Year’ Award at The Aviation 100 Deals of the Year Awards 2022
13 MAY 2022|MALAYSIA AVIATION GROUP
KLIA, 13 May 2022: Malaysia Aviation Group (MAG) has emerged as the winning entity for ‘Restructuring Deal of the Year’ at the Airline Economics’ The Aviation 100 Deals of the Year Awards 2022 following the successful restructuring exercise, which saw the Group reduce its liabilities of over RM15 billion and eliminating RM10 billion in debt mounted from decades-long issues of its balance sheet.
23/03/2024 11:52 AM

Sslee

How does MAG do it?

Didn't know they are Magician too..

Meow

5 days ago

Sslee

AAX and MAS get it done and over with. The question is why capA does not do it when the iron is hot?

Lessors will now just call back their planes if you are late in lease and interest payment.

4 days ago

Sslee

Cap A lease payment to lessors are now:
Quarter end 31/12/2023
RM'000
Depreciation of ROU assets: 449,765 culmulative 12 months 1,574,356
Finance cost-lease liabilities: 252,438 culmulative 12 months 908,771

4 days ago

DickyMe

Buy order placed!

4 days ago

Mabel

DickyMe Buy order placed!
08/04/2024 11:08 AM

Haha bought oledi. Been in and out of this counter many times. BUY LOW SELL HIGH and oledi locked profits. Holding cost is so good..always GREEN as this counter P&L is very positive and has always been positive.

Mabel loves this operator. So holding CapitalA is never a problem..

Now waiting for the real breakout...

To New York with loves...

Captain Mabel Meow

4 days ago

thesigncom

headless chicken with no clear direction at the moment

4 days ago

DickyMe

"DickyMe

Buy order placed!

6 hours ago"
=====================
Update: ALL MATCHED!

I am in the game! Giddy Up!, Tony!

4 days ago

Mabel

Meow Meow Meow Dicky!

To New York with Loves with Tony..

4 days ago

JrWarren

Worry about capital gain in CAPITALA and no dividend ?
Why dont buy loan stock to enjoy 8% interest and convert loan stock into mother stock once CAPITALA share price go beyond exercise price of RM0.75?

After listing in USA, you also can buy their USA shares to enjoy royalty income payout first while waiting share price go up.

Cashflow (dividend, interest, royalty) is a form of motivation to keep me hold this share (asset).

Work smart and not wait hard.

3 days ago

riskabsorber

Count down 83 days.

3 days ago

Sslee

KUALA LUMPUR (April 9): The negotiation period for Capital A Bhd’s sale of AirAsia's aviation business to AirAsia X Bhd (AAX) has been extended for the second time to April 30, 2024, the two listed companies said.

Capital A and AAX have mutually agreed to extend the negotiation period for the sale of the aviation subsidiaries, namely AirAsia Bhd (AAB) and AirAsia Aviation Group Ltd (AAAGL), their respective filings showed.

The negotiation period, which was initially set for two months, was first extended to April 15.

3 days ago

ronaldotheGOAT

Capital A and AirAsia X say they need until April 30 to negotiate disposal of aviation business

https://www.nst.com.my/business/corporate/2024/04/1036184/capital-and-airasia-x-say-they-need-until-april-30-negotiate

3 days ago

DickyMe

90 sen coming soon!

3 days ago

newbietrader9

it's the time of the season
love runs high

3 days ago

The_JQuestion

extension for share price to shoot up. 20 days for cap A to reach 1.00 +++ , we going to raya raya raya

3 days ago

Sslee

How to close the deal when capA aviation is in deep debts and AAX do not have the money to bail out capA?

3 days ago

EatCoconutCanWin

Merger good job. This time double down my investments

21 hours ago

Income

Rule no. 1: Stony is not making donations.
Rule no. 2: Always remember rule no. 1

19 hours ago

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