CAPITAL A BERHAD
KLSE (MYR): CAPITALA (5099)
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Last Price
0.70
Today's Change
0.00 (0.00%)
Day's Change
0.685 - 0.705
Trading Volume
6,443,700
Details of Changes
Securities After Change
Transactions
| Ann. Date | Name | Details of Changes | Securities After Changes | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Date | Type | No. of Shares | Price | Direct (%) | Indirect (%) | Total (%) | ||||
Discussions
124 people like this. Showing 50 of 166,615 comments
I am just telling the truth and trying to educate people how to read and understand financial report.
In Chinese, we have an old saying in “授人以魚，不如授人以漁”, which means “give a man a fish and you feed him for a day; teach a man to fish and you feed him for a lifetime'.
1 day ago
守认以愚，不如受人以漁。
Stubborn people stay firm on their own opinion (愚见) only, why dont consider other opinions and benefit your self from different angle?
固守自己愚见，不如接受别人不同角度的观点来渔获未来。
1 day ago
You are free to present your opinion as I never stop people from presenting their opinion as I respect and welcome people to give their opinion
I am here only trying to correct people trying to present the wrong figures or wrong facts as truth.
My I know why you are so against me of presenting the figures and the truth financial facts.
By the way can you count Stony already tell/promised everyone when capA can exit PN17 latest by..........and is his promised fulfilled?
1 day ago
You also looking CAP-A wind up previously, so when is the date?
That Indian boy now got another 5 years to deal with the mess, I am sure promise will be fulfilled.
An accounting figure is past figure, you are associating the PAST figure to current development and neglected all improvement thus far. I saw all your explained is figures and the PAST truth financial facts. A fact is a fact, nothing more.
You keep telling fact (CAP-A financial very bad), followed by explanation from the fact (CAP-A figures how, PN17, very weak), then you opined CAP-A counter very bad and will pok gai anytime. To me, you are humble historian that shares PAST figures and FACTS only. If you are banker, you are at the right track for being risk adverse, but even Citibank is lending to CAP-A, so ~~~~~~
Myself, is associating the PAST figure to current development and all improvement thus far.
I can tell financial is bad but there is figure improvement, I saw new business formed and ready to expand, I associated the new alliance strategy with potential.
I am giving fact (CAP-A figure is improving) and explanation (evidence that debt / interest paid, revenue & cash coming), then conclusion (not a bad counter because improvement, future vision and CAP-A is making huge progress) this company will survive.
1 day ago
What do you call a PN17 company with below net current liabilities?
CapA financial result
31/12/2023: 31/12/2022
RM'000: RM'000
Net current liabiliaties: (12,507,207): (8,509,066)
Is the balance sheet figures below tell the fact of financial improvement or deteriorating Y to Y?
CapA financial result
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)
1 day ago
Good or bad to Capital A shareholders?
Because i saw 10 angry faces and zero happy face in China press..
16 hours ago
Haha the reason why Mabel put her money in PN17 Sapura Energy and Capital A is because she wants to be part of their turnaround journey. Capital A, who is the CEO? Sapura who is the CEO?
Here lies the differences:
One can start from Zero to be a Hero.
Satu lagi kena jual ini jual itu sampai Zero.
Let's see how these two CEO (Sapnrg and CapitalA) managed their turnaround. So far both of these PN17 Companies have been profitable and not a liability for Mabel to hold.
Coming to think of it it's prudent for Sapnrg to exit the EP game. It’s for big boys like Petronas, Shell, Aramco who have deep pockets and 20/30y ROI Horizons. Best for sapnrg to stick to EPCC business as they are not getting any support and time is running out of the Regulation Plan timeline.
This week, too many Big Boys especially the bankers are throwing Sap at 5 and 6...All chicken..Tengok Capital A this week shoot up despite tension between Iran and Israel with high oil price. Capital A climb while Sapnrg remains status quo.
Bottom line, no one want to touch Sap but willing to touch Capital A...
Looks like Tony seems to be better Magician than Anuar ...
Captain Mabel Meow
15 hours ago
The new share list with rm1.30 ? The NewCo will then acquire Capital A's aviation business — AAB and AirAsia Aviation Group Ltd (AAAGL) — for RM6.8 billion. It will be issuing new shares worth RM3 billion in the NewCo — 2.31 billion shares at RM1.30 each — to acquire AAAGL.
https://theedgemalaysia.com/node/709390
14 hours ago
The new share list with rm1.30 then aax share 1 to 1 swap to new share ? The NewCo will then acquire Capital A's aviation business — AAB and AirAsia Aviation Group Ltd (AAAGL) — for RM6.8 billion. It will be issuing new shares worth RM3 billion in the NewCo — 2.31 billion shares at RM1.30 each — to acquire AAAGL.
https://theedgemalaysia.com/node/709390
14 hours ago
Touche Bro...
This is a stark difference between Engineers & Accountants...Engineers are linear in thinking.... accountants hv lateral thinking...that's why you see Tony is a magician.. make tons of money not from internal fund.
14 hours ago
Ya, this idea are really magic as believe it lift up price indirectly from new share
13 hours ago
AAX will swap their shares in AAX with shares of the NewCo — Airasia Group Sdn Bhd — on a one-to-one basis.
The NewCo will then acquire Capital A's aviation business — AirAsia Aviation Group Ltd (AAAGL) and AirAsia Bhd (AAB) — for RM6.8 billion. It will be issuing new shares worth RM3 billion in the NewCo to acquire AAAGL, while it will acquire AAB for RM3.8 billion, to be satisfied by assuming RM3.8 billion of the RM3.83 billion worth of debt that Capital A owes AAB.
My opinion:
Engineer work according to the law of physics and chemistry to create many wonders of the word.
Accountant can be very creative like magician giving the illusion of create money out of thin air.
But remember money do not fall from the sky. And according to our legal law if AAX/newco default on any debts transfer from capA then i'm afraid Stony and the whole BOD most likely will end up in jail for below offences:
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
6 hours ago
Sure Capital A can go out from PN 17, but what does her wallet left..sell all the profitable asset just to get out from PN17..
Let see the share performance..let the expert to earn this money..
look like till now no one here can give the details explanation to the impact to the share price of Capital A and AAX..
5 hours ago
Capital A if today can't up, then sure die lah, because no proft generating assets..short haul profitable avaiation biz offset with loss making long haul bix, NewCo not good
4 hours ago
The proposal cannot be interpret using accounting practices. This is corporate restructuring.
New entity AAG is created to replace AAX listing status.
AAG then group AAX(long haul), AAB(malaysia business), AAAGL(Asean exclude malaysia business) businesses into AAG control.
AAG will raise 1bil working capital from new investor.
So end results are
AAG become AA passenger airlines owner with new 1b fund to start new journey.
Capital A disposes passenger airlines business and the liabilities while still give existing shareholders assess to AAG through bonus shares. Capital A then focus on plane maintenance, digital travel platform, fintech, plane cargo logistics , etc business with a leaner liabilities.
4 hours ago
8.47am TO price still at 0.71
....All eyes on Capital A and AAX today..
Definately turbulance today, fasten your seat belt..
4 hours ago
A new 1 billion fund injection will not be enough for working capital and debts servicing.
Know what is the debt alone with AA Philippine park under AAAGL?
AAG become AA passenger airlines owner with new 1b fund to start new journey.
The NewCo will then acquire Capital A's aviation business — AirAsia Aviation Group Ltd (AAAGL) and AirAsia Bhd (AAB) — for RM6.8 billion. It will be issuing new shares worth RM3 billion in the NewCo to acquire AAAGL, while it will acquire AAB for RM3.8 billion, to be satisfied by assuming RM3.8 billion of the RM3.83 billion worth of debt that Capital A owes AAB.
4 hours ago
This deal is macam left pocket to right pocket. The only one who will be benefited from this exercise is Tan Sri and his gang
4 hours ago
I do not know whether CapA will go up or down.
But I am pretty sure it is very unlikely that CapA-LA will become default,
So I rush in to buy CapA-LA at 0.78.
As long as it is not going to be default, then my return will be 6.87% p.a.
4 hours ago
The gems are with Capital A. Their Bigpay ewallet with Ali pay involvement as well as airline catering unit surely propping up Capital A. Lean and without too much flying the aircrafts and instable aircraft fuel exposure.
4 hours ago
Accounting and business understanding of working capital is difference.
A reorganization need new fund to run a company for certain period to generate cash to first service the interest before looking at profit,
Bankers do not expect business to clear all debts if not how they make money?
Bank that does not hold debt cannot earn profit from interest servicing.
Ideal case for bankers is that a company is under debt with constant repayment of interest that run a business that has demand and sustainable.
budget passenger flight is always on demand.
4 hours ago
Buy aax and capitala now go go fly to the moon both counter sure up at least one
4 hours ago
look like market reacted it as NEUTRAL.
Nothing surprise.
Now waiting IB to give its weighting..
3 hours ago
People think today is a special day that has been long waiting ..... but it just turn out like any other ordinary day .....
3 hours ago
Kyzertai not 1 convert 1 maybe is 10 convert. So the share price is 0.13 if 10 convert 1 so we all don't know yet
2 hours ago
as per the annuocement, the projected conversion will be every 1000 share u hold in Cap A, u get 397 share in the newly Co (AAG).
1 hour ago
Yong if like that 1.3/0.4= around Rm 0.28 per share. Now share price is 0.70 but the offer price is only 0.28. The remain capital a segment value is 0.42
1 hour ago
"
According to TA Securities, Capital A would record a gain from remeasurement of RM2.3 billion from the disposal of AAAGL and a disposal gain of RM6.1 billion from the disposal of AAB.
However, the research firm noted that Capital A's management had indicated that it may no longer pursue the listing of its intellectual property segment, the AirAsia branding, on Nasdaq via a special purpose acquisition company (SPAC).
48 minutes ago
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The_JQuestion
snake snake lee , u comment so much , why did u buy at 0.70 ? is it because u lose money , crying out LOUD?
go ur other boring counters ,, stop being so negative in ur life :))
1 day ago