CAPITAL A BERHAD

KLSE (MYR): CAPITALA (5099)

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Last Price

0.69

Today's Change

-0.025 (3.50%)

Day's Change

0.69 - 0.74

Trading Volume

28,469,000

Discussions
124 people like this. Showing 50 of 166,327 comments

JrWarren

To be precise, USA company holding all IP and brand name of AA (intangible asset).
Tony selling AA every year 1% annual revenue to USA company, in exchange for USD1.15B for business expansion in ASEAN.
As a shareholder of USA company, I get pay 1% AA annual revenue as ROYALTY payment. Bear in mind that air traffic and revenue of CAP A are increasing now and future (with the business expansion plan).
Just like Apple using Nokia patented design, Apply needs to pay Nokia royalty.
The method of valuation calculation is stated in the bursa pdf, have urself read the document for further understanding.

11 hours ago

JrWarren

Quote: @Sslee - Note: As at 31/9/2023 capA shareholders' equity is negative RM 8,427,155,000

31/9/2023 , Tony go to moon order nasi lemak.

11 hours ago

metaverse

春水船如天上坐,老年花似雾中看,雾里看花,终隔一层。AAX's creditors were forced to take a steep haircut to rescue the company. Once bitten twice shy. Capitala's creditors should be in battle mode by now as the whole proposal failed to protect their rights. The cash cow Air Asia will be transferred to AAX and 0.5%-1% of the sales will be transferred to Nasdaq listed CAPI in the form of something like Master Franchisor Agreement. Normally under this kind of situation, the bankers will seek court order to prevent the company to move out anything from the company as they have the first claim on the company's assets.

11 hours ago

Sslee

No cash injection what capA and capA shareholders get is share units of CAPI that will take over the listing status of GMFI

The shareholding of CAPI will be:
CapA 46.1%
Shareholders of capA 47.9%
Shareholders of GMFI 6%

CAPI earning will be 1% aviation revunue minus interest and loan repayment USD 150 million minus admin and management cost.

11 hours ago

Sslee

Addition information from AA newsroom

In addition to the AirAsia brand, CAPI holds the intellectual property rights for 14 other renowned brands and over 224 trademarks spanning 23 countries. CAPI's platform integrates brand strategy, creative marketing and intellectual property development to strategically position its brands and cultivate cultural significance among consumers. The company intends to leverage the brand value of AirAsia through further licensing while implementing its successful strategy to propel and expedite the growth of its intellectual property portfolio.

11 hours ago

Sslee

The next step is to sell capA aviation to AAX in all shares payment in lieu of cash.

This one will be very difficult because the creditors and lessors will not agree to transfer of debts from capA to AAX.

11 hours ago

EngineeringProfit

Calling Captain Mabel. HOw's the weather today? FLight expected to be smooth?

10 hours ago

JrWarren

Creditors and lessors will agree to transfer the debts from AA to AAX via the ownership buyout because their debt contracts are secured by the aircraft, new borrower of AAX is totally fine as long as the company make money and continue to service the debt.

CAP A debt will not be transfer to AAX because the MRO, santan, app service are not part of AA business.

10 hours ago

Sslee

Know how much AAX pay their creditors as final settlement during their last debts restructure?

10 hours ago

nicholas99

so how? buy or sell?

10 hours ago

EatCoconutCanWin

Spac ITU apa? I bought 0.735

10 hours ago

EngineeringProfit

I bought below 0.68, get back capital @0.735. Keeping foc stocks only

10 hours ago

EatCoconutCanWin

wow.. clever lo

9 hours ago

OleOleOle

A big miscalculation by Tony!!! He does not understand typical Malaysian!
Giving freebie to Malaysian is okay. But if you asks Malaysian to fork out money..... hmmmm.... that's not a good idea! LOL ..... especially Ringgit is at its lowest against USD. But at the very least, he did give the FIRST offer to CapA investors. Those with big pockets would still take up.

On the other hand, the plans did not explain:
1. How it solves CapA big debts.
2. How it helps CapA get out of PN17.
3. How is the future of CapA looks like, i.e. the EPS prediction. Especially on CapA's percentage holding on new AA group.

Hopefully a prospectus to be issued can explains all these questions.

9 hours ago

Sslee

The CAPI shares will be distributed free of charge to capA shareholders.

No cash injection what capA and capA shareholders get is share units of CAPI that will take over the listing status of GMFI

The shareholding of CAPI will be:
CapA 46.1%
Shareholders of capA 47.9%
Shareholders of GMFI 6%

8 hours ago

Sslee

Watch out whether GMFI get itself delisted from NASDAQ in the next 2 weeks.

Risk of delisting of GMFI
Pursuant to GMFI’s press release dated 1 December 2023, it was disclosed that GMFI had received a “Staff Determination Letter” dated 27 November 2023 (“Letter”) from NASDAQ stating that GMFI had been notified on 10 May 2023 that it had not complied with NASDAQ Listing Rule 5450(b)(2)(A) (“Rule 5450”) as the market value of its listed securities had been below the minimum market value of USD 50 million required for continued listing for 30 consecutive trading days prior to 10 May 2023. Pursuant to NASDAQ Listing Rule 5810(c)(3)(C), GMFI was provided with 180 days or until 6
November 2023 to regain compliance with Rule 5450. As a result, GMFI was informed vide the Letter that its securities will be delisted from NASDAQ on 6 December 2023 unless GMFI request an appeal which it has done so. The appeal hearing was held on 27 February 2024 (“Appeal Hearing”). As at the date of this Announcement, the outcome of the Appeal Hearing is still pending and the decision on the Appeal Hearing is expected to be given in the next 2 weeks.

Separately, GMFI was informed vide the Letter that other deficiencies such as the failure to file its quarterly reports for periods ended 31 March 2023 and 30 June 2023 and non-compliance with the minimum securities holders requirement (“Additional Deficiencies”) formed separate basis for delisting and GMFI would be required to address the Additional Deficiencies before its Appeal Hearing. As at the date of this Announcement, GMFI had addressed the Additional Deficiencies, save for the Additional Deficiencies which requires its shareholders approval at a special meeting
to be held on 5 March 2024.

Following the Appeal Hearing and pending the decision from NASDAQ, GMFI faces the risk of being delisted from NASDAQ, upon which it will no longer maintain its listing status on NASDAQ. In this regards, Capital A has the right to terminate the BCA in the event GMFI is delisted from NASDAQ or trading of GMFI’s listed securities are suspended for more than 1 market day

8 hours ago

EatCoconutCanWin

No buy don't talk east talk west. Talk 3talk4.

8 hours ago

ocbc

https://mergersandinquisitions.com/great-spac-scam/

SPAC so far not a good stuffs

8 hours ago

OleOleOle

@Sslee
If what you said is true, then it is very study move isn't it? Because investors are worried about its hefty debt level and PN17 status. It would be a lot easier if CapA could turn this equity into capital injection into CapA in order to get out of PN17 early, as well as reduce its debt level.
As soon as PN17 lifted, with its EPS of 30c, or even higher, share price of CapA could have easily doubled! That's the reward investors are hoping for!

7 hours ago

Sslee

The deal only help to boost its shareholder equity by RM2.49 billion.
It help but still far away from acheiving shareholders' equity of minimum RM 40 million to be considered for uplift from PN 17

At end-September, Capital A’s negative total equity stood at RM10.53 billion.
Shareholders' equity negative RM 8,427,155,000

The announcement also confirms the report in the Feb 19-25 edition of the The Edge Malaysia weekly, which said that parts of the proceeds of the deal, likely in the form of CAPI shares, will be distributed to Capital A shareholders.

The deal will help boost its shareholder equity by RM2.49 billion, a back-of-the-envelope calculation showed. At end-September, Capital A’s negative total equity stood at RM10.53 billion.

It is understood that the gains from the disposal will help Capital A in its road to exit its PN17 status.

Royalty fee for AirAsia brand
Moving forward, CAPI will charge AirAsia Aviation Group Ltd a royalty fee amounting to 1% of revenue from AirAsia’s four airlines in Malaysia, Thailand, Indonesia and the Philippines.

For long-haul carrier AirAsia X, the fee is 0.5%, while Thai AirAsia X will see a higher fee rate of 1.5% of revenue.

CAPI holds IP rights spanning 23 countries, said Capital A in a statement. It has a “stable and recurring revenue stream” from royalty fees, it added.

7 hours ago

johnlim1001

Cap A Q4 2023 Result:
Total equities = -RM10.5 billion

Even look at the short term is in dire shape:
Current asset = RM2.36 billion
Current liabilities = RM14.87 billion

Even with the NASDAQ stunt, Cap A will not be able to pay off the current liabilities.

6 hours ago

EatCoconutCanWin

good result...padu tony

6 hours ago

SinGor

Operating LOSS= 273mil ( Red)----Save by Forex Gain 389mil

5 hours ago

Sslee

So another lose making quarter.
OCT to DEC
Revenue ASK (USD cents): 4.85
Cost ASK (USD cents): 5.06
Average fuel price: USD 125/bbl

5 hours ago

EatCoconutCanWin

This is due to minister which control the price of tickets. Christmas, CNY , RAYA. Sure making loss. Unless gov give subsidy like Sugar, electric, poultry, cooking oil.

5 hours ago

Sslee

Lease payment to lessors are now:
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

Wonder whether Stony hold any vested interest in lessors company?

5 hours ago

EatCoconutCanWin

i advice capital A should register PADU, they should can get incentive by gov

5 hours ago

iCashBooster

Never listen to bastad slut mabel. She like tin kosong talk cock everywhere without go thru financial report etc. She lost alot in serba, now in capital a, Tony is like an id1ot who know nothing about management, just dancing2 and enter shirtless meeting. Look like uncapable to run air asia

5 hours ago

iCashBooster

all those id1ot say buy low buy low, operator read your comment and push much lower than your current purchase price

5 hours ago

iCashBooster

Never listen to bastad slut mabel. She like tin kosong talk cock everywhere without go thru financial report etc. She lost alot in serba, now in capital a, Tony is like an id1ot who know nothing about management, just dancing2 and enter shirtless meeting. Look like uncapable to run air asia


all those id1ot say buy low buy low, operator read your comment and push much lower than your current purchase price

5 hours ago

The_JQuestion

only drop... - 2 % ??? are u guys kidding urself ,, hahaha ... power airlines business, will fly hIGH highHHH

5 hours ago

EatCoconutCanWin

it can't drop unless big shark dump. need to wait tomolo as big shark foreign investor still in sleeping. tomolo bloody after few shark notice it.

4 hours ago

The_JQuestion

if shark arent aware , they wont be called shark... they smell blood before any1 can, they hear what u dont....
2 % and all of u are cheering because losses was predicted... can easily close flat hihi anyone tryna explain 2 % with ur losses complaint?

4 hours ago

EatCoconutCanWin

buy in and betting liao. i bought this morning 0.735 , now loss and hold

4 hours ago

The_JQuestion

2 % how much can lose? betting high??? sikit saja ,, ada money hold and see ... not costing much , contra burn ur hand

4 hours ago

Patient Investor

@Sslee is it accurate measurement by looking at ASK cost/Revenue, as ASK could include maintenance cost, and the company is actively bringing back more non-operating aircraft into operation (which incurred maintenance fee, but not yet revenue).

And the cost-revenue spread is narrowing compare to past 2 quarters

4 hours ago

iCashBooster

Never listen to bastad slut mabel. She like tin kosong talk cock everywhere without go thru financial report etc. She lost alot in serba, now in capital a, Tony is like an id1ot who know nothing about management, just dancing2 and enter shirtless meeting. Look like uncapable to run air asia


all those id1ot say buy low buy low, operator read your comment and push much lower than your current purchase price

4 hours ago

SinGor

forex Gain is actually fishy ( easy manipulated ) Looks KL Kepong and IOI Corp, I see minimum Gain---Actually
for the last 8 years, the forex loss & Gain between AA and IOI always move in tandem with each other---I donT
know for sure what happen but as a former BarTender like Tony, he can works miracle out of nothing

4 hours ago

Realrich

S he I t big losses again

4 hours ago

EatCoconutCanWin

Capital A also talk about AI , no wonder can't drop

3 hours ago

oldbuddy

I hope it can out from PN17

3 hours ago

iCashBooster

Never listen to bastad slut mabel. She like tin kosong talk cock everywhere without go thru financial report etc. She lost alot in serba, now in capital a, Tony is like an id1ot who know nothing about management, just dancing2 and enter shirtless meeting. Look like uncapable to run air asia


all those id1ot say buy low buy low, operator read your comment and push much lower than your current purchase price

3 hours ago

johnlim1001

If the RM1.369 billion "accounting magic" is taken away, the full year is losing RM836 million.
If we look at the Total Equity, it is even worse. The Total Equity is dropping RM953 million further, from -RM9516 million to -RM10469 million, RM953 million worse.

So, discounting the "accounting magic", Capital A is not making RM533 net profit, but is making a net loss of RM953 million in 2023!! This is an extremely bad result because the aviation around the world is making HUGE profit in 2023!

3 hours ago

Realrich

Look at recent Q3 and Q4 the holiday month also a big losses. Meaning the market is very worse. The inflation increase too fast the cost too high already

3 hours ago

Sslee

As at
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)

This is how Stony bailout his AA Philippines buddy (buy over JV partner 60%) and thus transfer negative billion in Non-controlling interest to shareholders' equity

The CAPI and GMFI deal only help to boost its shareholder equity by RM2.49 billion.
Any more magic from Stony magic hat to boost shareholders' equity to min positive RM 40 million to be considered for PN17 uplifting?

2 hours ago

Sslee

1 United States Dollar equals 4,75 Malaysian Ringgit
29 Feb, 09.01 UTC · Disclaimer

If USD to MYR stay at this exchange rate till end of March 2024 then next quarter big foreign currency exhange losses.

Note: Loans, lease liabilities and payment, maintenance, fuel, etc are in USD.

2 hours ago

EatCoconutCanWin

usd drop fast now..heng arh

1 hour ago

Sslee

At 31/9/2023
USD to MYR was 4.70
And at 31/12/2023
USD to MYR was at 4.60

Hence result in foreign exchange gain in quarter end 31/12/2023.
But if at end 31/3/2024 USD to MYR stay at 4.75 then it will be a big foreign exchange losses.

20 minutes ago

Sslee

AAX
Revenue per ASK (sen) 17.16
Revenue per ASK (USc) 3.65
Cost per ASK (sen) 15.88
Cost per ASK (USc) 3.38
Cost exc fuel per ASK (sen) 5.96
Cost exc fuel per ASK (USc) 1.27

Whereas CapA
Revenue ASK (USD cents): 4.85
Cost ASK (USD cents): 5.06

Cap A Lease payment to lessors are now:
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

AAX after debts restructure where lessors take a big haircut:
RM'000
Aircraft lease expenses (28,251) culmulativev12 months (76,940)

4 minutes ago

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