JAKS Resources Bhd's unit has signed a Memorandum of Understanding (MOU) with China-based CALB Group Co Ltd to explore opportunities in the battery energy storage system (BESS) market, with a particular focus on the Southeast Asia region. The MOU is a non-binding agreement and will not have any financial implications until a definitive agreement is signed, which is expected to occur within six months, it said.

Enlarged number of Shares upon Listing 1,023,590,845

PCG’s dividend is based on Dividend Policy where the payout ratio is around 50% of Group PATANCI (Profit After Tax and Non-Controlling Interests).
In deciding the dividend payment, the Board and Management takes into account the Company’s earnings, working capital and capital growth requirements as well as other factors to ensure prudent cash management.

Overcapacity, increasing competition forcing reducing margin, slow growth of market demand and etc is expected for the next few years

What do you expect Group PATANCI and dividend will be for the next few years?

Mike-tikus IQ is very much lower than average IQ level.
He cannot understand plain english but has a habit of eavesdropping other people conversation and then twist and turn other people word to slander people.

Most likely many attendees wil throw rotten eggs at ALP and Mike-tikus too.

If whole year 2023 still lose making. What make you think just a quarter of high load factor will make any different?

Aiyoyo someone trapped high at 19 floor Jaks penthouse. Already how many digits book lose now?

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.

Most Malaysian best follow 3iii, problem with 3iii, most can't understand what he said. He and most intellects don't understand that you need to converse at average IQ level

Can't find fault with what Windy1974 said about 3iii.
Even 3iii keep it simple is so complicated for interested layman to understand.

So please allow me to keep it even more simple:
It is not hard to earn money from Bursa by just remember:
Share price will increase if EPS increase

1. EPS will increase in present of Earning Growth Catalyst (EPS sudden increase due to increase favorable production/products price or sudden reduce in raw material cost)

2. Beaten down stocks that start to turnaround.

You just need to monitor commodities price movement to know what will be the EPS of many companies listed in Bursa

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

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

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?

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?

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

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)

CapitalA Balance Sheet as at 31/3/2023 of:
Net current liabilities: RM (8,524,896,000)
And Net total assets/total equity : RM (9,376,200,000)

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)

Is capA financial position better off or worse off compare to one year ago?

Repeat and remind those cannot do math: The sum is not in million or hundred million but in billion.

That is why the PN17 regularisation plan keep postpone postpone postpone postpone postpone postpone postpone postpone postpone repeat ad infinitum

Delist is inevitable.
Om Mani Padme Hum
Om Mani Padme Hum
Om Mani Padme Hum

Luckily capA has a magician or a snake oil saleman to create value from thin air for shareholders or else capA already close shop or follow AAX footstep of debts restructure, capital reduction, 10 to 1 share consolidation and new capital injection.

The shareholders would have lose his/her shirt, pant, underwear and sock.

A magician or a snake oil saleman.

Is Stony arm-twisting AAX to bail out capA?

Total borrowings and lease liabilities of AAX/Newco will be escalated to RM 23,271,794,000 a gearing of 23.96 times after the proposed AAAGL and AAB acquisitions.

Do you think with over RM 23 billion of borrowing and lease liabilities can AAX/NewCo survive?

Interest to know who will be the RM 1 billion PP investors?

The PP investors will get a discount of not more than 15% the 5-day VWAP of the AAX Shares / NewCo Shares up to and including the last trading day prior to the price-fixing date of the placement share.

Will the big sharks/PP investors placed a regulated short selling and earned the aprox 15% profit on the PP? Meanwhile suyiee sucker billis buying AAX/NewCo shares from open market

Know AETHERIUM ACQUISITION CORP current share capital is how much now?

https://www.sec.gov/ix?doc=/Archives/edgar/data/1866547/000149315224014895/form10-k.htm

As of April 15, 2024, there were 2,136,291 shares of redeemable Class A common stock, 528,500 shares of non-redeemable Class A common stock, par value $0.0001 per share, and 2,875,000 shares of Class B common stock, par value $0.0001 per share, issued and outstanding.

On March 28, 2024, the Company held a special meeting of its stockholders (the “Special Meeting”). At the Special Meeting, the Company’s stockholders approved the proposal to amend the Company’s amended and restated certificate of incorporation, to extend the date by which the Company must consummate a business combination to thirty-six (36) months from the effectiveness date of the Company’s Form S-1 by the SEC, which was December 29, 2021, until December 29, 2024, by depositing into the trust account established for the benefit of the Company’s public stockholders $0.033 per non-redeeming publicly held share of common stock for each one-month extension.


In connection with such proposal, stockholders elected to redeem 1,383,212 shares of the Company’s Class A common stock, par value $0.0001 per share (“Class A Common Stock”). As a result, there will be an approximate payout of $15,229,164 (approximately $11.01 per share) that will be removed from the Trust Account to pay such holders. This has not yet occurred as of the date these financial statements are issued.

Total borrowings and lease liabilities of AAX/Newco will be escalated to RM 23,271,794,000 a gearing of 23.96 times after the proposed AAAGL and AAB acquisitions.

Do you think with over RM 23 billion of borrowing and lease liabilities can AAX/NewCo survive?

His blowing water 1 sen up/down equal to 5 or 6 digits gain/loss. Now at 13-13.5 sen sure very malu lah.

This morning I just bought 1,000 capA and AAX share. Stony can't run away from answering my AGM/EGM questions now or can he?

Warren Buffett once said, “The worst sort of business is one that grows rapidly, requires significant capital to engender the growth, and then earns little or no money. Think airlines.”

LA risk is lesser than mother share as long as capA survive and LA holders will continues received the interest payment and on maturity get back your RM 0.75 irrepective whether mother share drop to penny stocks.

But if capA go burst that everyone suffered.

The reason why bank do not lend money to PN17 company is because the normal route out of PN17 is debts restructure, capital reduction, share consolidation and then new capital injection.

Everyone required to take a hair cut to save the company.

Do you think CapA can exit PN17 by arm-twisting AAX to take over capA aviation at the expense of AAX survivability?

Thong like to count how many FD in bank and how much money in cash.
Thong believe CASH is king like Najib. Someone need to convince Thong cash is not king and cash need to be used to genearte more incomes above the bank FD rate.

hi @sslee, does it mean, every holder of LA can surrender such LA to be converted to mother at zero cost?
The answer is yes.

You now know why Stony design the RI of RCUIDS with free warrants instead of RI of equity Right Issue shares with free warrants?

Stony and Kamar were using borrow money to subscribe for their RI entitlement and no bank will lend any money for borrowers to subsribe for a PN17 shares.

Issue Price and Conversion Price
The RCUIDS shall be issued at 100% of its nominal value of RM0.75 each. The Conversion Price is also fixed at RM0.75 each for every 1 new AAGB Share.

Since RCUID issue price and conversion price are fixed at RM0.75. Thus you can surrender your RCUID to be coverted to mother share anytime before maturity date.

Any uncoverted RCUID on maturuty date will be redeemed back at RM 0.75

Currently I put some money on stocks that I think can give me high capital gain like Yinson wawasan 2026 , MSC (high tin price), Teoseng ( low feed cost) and etc

When I am 65 I will put more money on high dividend stocks

Done
08:55AM 5238 AAX Buy 1,000 1.540 1,000 1.530000 1,530.00 All Matched
08:40AM 5099 CAPITALA Buy 1,000 0.795 1,000 0.795000 795.00 All Matched

Stock : 5238 - AAX
Ref No.
Date
Transaction Type
Quantity
Price
121400866 30/04/2024 Buy 1,000 1.530

Stock : 5099 - CAPITALA
Ref No.
Date
Transaction Type
Quantity
Price
121400905 30/04/2024 Buy 1,000 0.7950

Another 2 more years I will be 65. Just in time to see what will be the WC price then.

By then I hope I have build up a portfolio that will give me dividend income of of more than 300K per year.

The trurh to be told. TheContrarian already earned a 4X ROI from Insas. Isn't that BOD of Insas creating share price value for shareholder like TheContrarian.

As for Deno if not careful come Feb 2026 he will be like stockraider in Feb 2020 q sell warrant at 0.5 sen and hoping Thong will buy the WC at 0.5 sen

29-Apr-2024 Meeting Notice General Meeting on 13-Jun-2024.
Will buy 1,000 unit to qualify myself as shareholder to submit AGM questions.

Shhhhhh! I am waiting to buy back Insas below RM 1.00 and then below RM 0.90

Stony throw all the rule and regulation out of window on new issue.
PP number of shares not more than 10% of NOSH
PP discount not more than 10% of the 5-day VWAP
Number of Convertable Warrant not more than 50% of NOSH.

Will Stony get his way?
All the above rule is there to protect the current/existing AAX shareholders.

Aiyoyo, Tong of theedgemalaysia is now a trapped sotong in Insas.

Why would Stony and Kamar do that when RCUIDS give them a good fixed interest income that they can use to repay the interest of their borrow money they used to pay for the RCUIDS and free warrants?

For those lazy one then just feel the sentiment and swim with the shark, buy low sell high.

But remember to sell before the shark sell or you will be caught to be the last one holding the bag when music stop.

It is not hard to earn money from Bursa by just remember:
Share price will increase if EPS increase

1. EPS will increase in present of Earning Growth Catalyst (EPS sudden increase due to increase favorable production/products price or sudden reduce in raw material cost)

2. Beaten down stocks that start to turnaround.

You just need to monitor commodities price movement to know what will be the EPS of many companies listed in Bursa.

Shark or not. Just make some money from Bursa and can sleep well at night.

CharlesT,
Most likely I will be KYY partner, a big shark goreng share market rather than be the suiyee sucker billis eaten by shark.

I struggle almost all my whole life just to survive and raise my family. I only have spare money and accumulate my wealth during the last 10 years.

Imagine if I have the curent earning power when I am much younger, I will be a very happy man.

The free float shares of AAX is very small. Hence shark should be able to goreng the price higher.

But make sure you are not the one holding the bag when music stop.

You need to exercise your mind even at old age. One of the mind exercise is keep learning the know how and know what on investment.
Know how old is KYY? He is active in investing just to exercise his mind.

If capA is listed in Thai or Indonesia the BOD will be call up by SC to explain the acquisition of 60% PAA from JV for undisclosed sum for an insolvent and debts ladden PAA

But in Malaysia boleh land. Someone can just abuse his power to do so without disclosing how the acquisition will financial impact on capA.

AAV is listed in Thai and hold 100% Thai AA
IAA listed in Indonesia and hold 100% AA indonesia
Since both is listed and have their own BOD and is governed by respective SC rule and regulation.

The question India AA sold to JV partner. Japan AA JV partner prefer to close down.
Then why Stony spend undisclosed sum bought over the 60% of JV partner for an insolvent, debts laddden Philippine AA?

Someone must be out of mind for thinking capA got any money to buy over another insolvent, debts ladden srilankan airlines?

Did someone heard most likely the US listing is off the table?

This is what inside
AAAGL:
• 20.95% equity interest in IAA
• 40.71% equity interest in AAV
• 100.00% equity interest in AA Com (60% AAI)
• 40.00% equity interest in AAI
AAI 99.66% equity interest in PAA
• Investment in convertible bond issued by AAI USD 25 million
• 46.25% equity interest in AAID (with 57.25% equity interest in IAA)

AAV is listed in Thai and hold 100% Thai AA
IAA listed in Indonesia and hold 100% AA indonesia


PAA is unlisted Philippine AA where someone abuse his power to acquired the 60% from JV partner for undisclosed sum and is now 100% owed by AAAGL.

Auditor of PAA has this to say about PAA:
Tony Fernandes literally loses his shirt! Isla Lipana red flags Air Asia Philippines after hemorrhaging P14B in last 2 years
BILYONARYO.COM
October 23, 2023
Things are getting turbulent in Tony Fernandes’ Air Asia Philippines (AirAsia) adventure as the budget carrier has taken a nosedive, racking up a jaw-dropping P14 billion in losses over the past two years.

Isla Lipana & Co., the auditing firm, isn’t pulling any punches and is openly questioning whether Fernandes can navigate AirAsia through financial storm clouds.

In the firm’s latest annual report, Isla Lipana said AirAsia’s massive losses -P7.9 billion in in 2022 and P6.4 billion in 2021 – which have pushed its capital deficiency to P39.9 billion or 60 times its original capital.

Beyond these losses, AirAsia is grappling with unpaid obligations to creditors and aircraft lessors.

As of 2022, AirAsia is mired in a liability quagmire, with P11 billion in dues and demandable payments and another P24 billion due within a year.

The airline’s struggle to meet its obligations predates the pandemic. In 2018, it failed to meet financial commitments related to a P1.78 billion loan from BDO Unibank. The carrier managed to postpone payments to BDO as well as restructure its lease contracts with aircraft suppliers.

Isla Lipana said these figures indicate that a “material uncertainty” exists on its ability to continue as a going concern.

Everyone will have their own story to tell.

I graduate in 1986 when Mahathir policy of bumiputra first had drove away all the Foreign investment and even local Chinese can't expand their business without giving away their equity.

I send in hundrend of letters just to try to get my first full time job. And luckily I got my first job in SAB in Kapar an oleo-chemical plant

That the start of my carrer. I got married in 1991. Bought my first house in 1996 that cost me RM 120,000. Then Asean financial crisis hit Malaysia and my house monthly installment cannot even cover the loan interest.

I was employed by Indonesia company to start an oleochemical plant in Medan in 2001.

I bought my second house a semi-D in setia eco park that cost me about a million. I only start to invest in Bursa when I have spare money.
The rest is history.

https://klse.i3investor.com/blogs/Sslee_blog/2021-11-06-story-h1593693467-Sharing_my_thought_with_INSAS_comrades.jsp

Me not intend to book any flight, flying to holland with Magician Stony.

But will be at the front row seat with popcorn and cola watching Stony' bollywood dance and magic show. Hope Stony don't tripped over and end up in Jail....hihihi