However, on EBITDA basis, it made close to about $ 400 million ++/quarter or about 1.7 billion/year

EBITDA pisitive, is it really so???
Do you know 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.

CapA' NUMBER DONT LIE..and it is horrible.

Net current liabialities increase from begining of year
Net current liabilities: RM (8,509,066,000) to as at 30/9/2023
Net current liabilities: RM (12,527,863,000)
Is that a good 9 months for capA?
Will capA not default on the current liabilities in the next 12 months?

As at 31/12/2022 Capital A
Current assets: RM 1,768,954,000
Current liabilities: RM 10,278,023,000
Net current liabilities: RM (8,509,066,000)
Shareholders’ equity RM (5,725,093,000)
Non-controlling interest: RM (3,791,865,000)
Total equity: RM (9,516,958,000)

As at 30/9/2023 Capital A
Current assets: RM 2,072,007,000
Current liabilities: RM 14,599,870,000
Net current liabilities: RM (12,527,863,000)
Shareholders’ equity RM (8,427,155,000)
Non-controlling interest: RM (2,101,925,000)
Total equity: RM (10,529,080,000)

Repost for you to ponder with leases payment of abt RM 700 million and increasing per quarter can capA make any meaningfull profit in 2024?

Quarter end 30/09/23: Cumulative 9 months
RM: RM
Depreciation on right of use assets: (444,404,000): (1,124,591,000)
Finance cost -lease liabilities: (251,274,000): (656,333,000)

CapA is now like a taxi driver, driving a rental car from a taxi company.
How many passengers a taxi driver must picked up to pay for the car rental before he can earned a living?

For capA even last quarter 89% load factor is still a loss making quarter.

If it is so easy to exist PN17 like what Stony put it PN17 is just an accounting issue then why keep asking for extension to submit the PN17 regularisariin plan from Jan 2023 to July 2023 to Oct 2023 to 31th Dec 2023 and now fourth extension to 30 June 2024.

By the way no one going to stop you from punting on an insolvent capA.

I speak the truth, the whole truth, and nothing but the truth so help me god.

Many will be cursing Stony if Bursa SC proceed to suspend capA pending capA appeal.

Did Stony implied capA is too big to fail and Bursa Chairman and CEO should abuse their power in bending the rule and regulation for capA?

So now capA/Stony is above the rule and regulation just because he run a company or paid salaries and Bursa regulator did not run a company or paid salaries?

Should we give more power, the power of above the law to entrepreneurs just because they build and they disrupt and they create ?

Tony Fernandes Tony Fernandes is an Influencer
Chief Executive Officer at Capital A

13h Edited

Many people been forwarding to me. Thank you Saify . Thanks for bringing up Pn 17. Really it’s time Bursa Malaysia changes this and especially the thinking of rhe regulators . PN 17 is from the dark ages and not relevant in this post Covid world and mindsets need to change in the regulatory area. Capital A will come out soon from PN 17 but boy it could have been much easier and less costly. The higher levels of Bursa Chairman and CEO are great and commercial but others …. Not sure they ever run a company or paid salaries. Malaysia needs new level of thinking to develop this great nation . 2024 going to be awesome. M and A for the airline business and some great listings for the Cap A other business.
PS Saif not that crazy hahaha but more power to entrepreneurs . They build and they disrupt and they create .

PS watch my body in 2024. No more body shaming hahahahahha. Thanks to all the media for all the publicity you gave me hehehe. And the motivation to look bett

What is Stony trying to say?

tonyfernandes
Got to love this photo. @airasiasuperapp . Am airasia rode driver giving a ride to @malaysiaairlines Captain. Always thought @flyairasia and @malaysiaairlines should do much more together like we are now with @malaysiaairports but alas have failed. Who knows maybe in 2024 the board and the CEO will see the light . I won’t stop trying as a malaysian to have a win win situation for the country

Posted by StartOfTheBull > Dec 28, 2023 11:42 AM | Report Abuse
Most people can only see the black dot on a white sheet of paper.

@StartOfTheBull are you saying you can see the white dot on a white sheet of paper?

Someone do not understand what below mean on capA financial predicament :

Of the 362, financing is secured for 73 aircraft through Sales and Leaseback (SLB) arrangement with several lessors.

Orderbook of 362 aircraft to be delivered over the next 12 years, beginning 2024. Of the 362, financing is secured for 73 aircraft through Sales and Leaseback (SLB) arrangement with several lessors.

CapA do not know how to make money from flying people.
CapA used to make money from bulk discount from airbus. Charging JV high planes leasing and selling and buying planes for profit.

Now facing with high lease and interest payment Stony is totally lost on how to turn in a profit.

You can always say the glass is half empty or half full.

The_JQuestion u need sslee to post what he post maybe for a year... HAHA !! but tony always defeat him :(( ... some ppl cant give up, just like me nvr give up and price keep going UP . Who is winning :))
28/12/2023 11:06 AM

Is price keep goung up?
52 Weeks Range: 0.61 - 1.12

Market Cap: 3,553 Million
NOSH: 4,255 Million
Avg Volume (4 weeks): 10,600,521
4 Weeks Range: 0.82 - 0.90
4 Weeks Price Volatility (%): 18.75%
52 Weeks Range: 0.61 - 1.12
52 Weeks Price Volatility (%): 44.12%
Average Price Target: 0.80
Price Target Upside/Downside: -0.035

NUMBER DONT LIE... Agreed
But giving the same number, people will interpret the figure and make their own fact based on their vested interest.

CapA' NUMBER DONT LIE..and it is horrible.

Net current liabialities increase from begining of year
Net current liabilities: RM (8,509,066,000) to as at 30/9/2023
Net current liabilities: RM (12,527,863,000)
It that a good 9 months for capA?
Will capA not default on the current liabilities in the next 12 months?

As at 31/12/2022 Capital A
Current assets: RM 1,768,954,000
Current liabilities: RM 10,278,023,000
Net current liabilities: RM (8,509,066,000)
Shareholders’ equity RM (5,725,093,000)
Non-controlling interest: RM (3,791,865,000)
Total equity: RM (9,516,958,000)

As at 30/9/2023 Capital A
Current assets: RM 2,072,007,000
Current liabilities: RM 14,599,870,000
Net current liabilities: RM (12,527,863,000)
Shareholders’ equity RM (8,427,155,000)
Non-controlling interest: RM (2,101,925,000)
Total equity: RM (10,529,080,000)


Repost for you to ponder with leases payment of abt RM 700 million and increasing per quarter can capA make any meaningfull profit in 2024?

Quarter end 30/09/23: Cumulative 9 months
RM: RM
Depreciation on right of use assets: (444,404,000): (1,124,591,000)
Finance cost -lease liabilities: (251,274,000): (656,333,000)

CapA is now like a taxi driver, driving a rental car from a taxi company.
How many passengers a taxi driver must picked up to pay for the car rental before he can earned a living?

For capA even last quarter 89% load factor is still a loss making quarter.

25.7/964 = 0.02666 0r 2.666%
A profit margin of 2.666% enough for capA to pay lease and interest payment?

AAX clasified customer as creditors and the debts restructure only paid/refund 0.5 sen to every ringgit customers already paid for their cancelled flight.

Capital A seeks RM1.8bil loan to refinance debt, say sources
The loan will be in the form of a revenue bond, with investors to be paid out of ticket sales from 10 AirAsia flight routes.
Bloomberg - 12 Oct 2023, 6:44pm

Know the different between fund raise for business expansion and fund raise to refinance debts to stay afloat? The_JQuestion ...are u new in town or new to the game?

As at 30/9/2023 Capital A
Current assets: RM 2,072,007,000
Current liabilities: RM 14,599,870,000
Net current liabilities: RM (12,527,863,000)
Shareholders’ equity RM (8,427,155,000)
Non-controlling interest: RM (2,101,925,000)
Total equity: RM (10,529,080,000)

The_JQuestion hello sslee ... u new in town... even multi billion like mah sing fund raise for billions... through loans secured or unsecured...

"Better than best" or "In the land of the blind, the one-eyed man is king"

If free cashflow is positive then do you think capA need to do below fundraising?

Fundraising
- To further drawdown USD78 mil from a loan approved by a regional bank
- Finalising revenue bond, which expect to raise USD200 mil cash
- Exploring financing opportunities for Indonesia AirAsia and Philippine AirAsia
- Plan to list its AirAsia brand royalty business and aircraft leasing unit in the US through Nasdaq-listed special purpose acquisition company Aetherium Acquisition Corp (GMFI) for an indicative valuation of US$1 billion (RM4.65 billion) for the listing exercise

Posted by paulthesotong > Dec 25, 2023 4:01 PM | Report Abuse
Airlines are undervalue,

Is capA undervalued???? Or no value and need to come out with revenue Bond and many more fundraising just to stay afloat?

Fundraising
To further drawdown USD78 mil from a loan approved by a regional bank
Finalising revenue bond, which expect to raise USD200 mil cash
Exploring financing opportunities for Indonesia AirAsia and Philippine AirAsia

As at 30/9/2023 Capital A
Current assets: RM 2,072,007,000
Current liabilities: RM 14,599,870,000
Net current liabilities: RM (12,527,863,000)
Shareholders’ equity RM (8,427,155,000)
Non-controlling interest: RM (2,101,925,000)
Total equity: RM (10,529,080,000)

Q2 and Q3 aviation loss making.
As at 30/6/2023
Revenue/ASK: Q2 USD 4.22 cents cumulative 6 months USD 4.28 cents
Cost/ASK: Q2 USD 5.01 cents cumulative 6 months USD 4.72 cents
Cost/ASK ex fuel: Q2 USD 3.32 cents cumulative 6 months USD 2.95 cents
Average fuel price USD 104 per barrel

As at 30/9/2023
Revenue/ASK: Q3 USD 4.35 cents cumulative 9 months USD 4.27 cents
Cost/ASK: Q3 USD 5.04 cents cumulative 9 months USD 4.82 cents
Cost/ASK ex fuel: Q3 USD 3.07 cents cumulative 9 months USD 2.97 cents
Average fuel price USD 131 per barrel

Love to hear from IBs analyst what do they think about capA fourth request for extension in submitting the PN17 regularisation plan to 30th June 2024.

By the way will Bursa SC approve the extension this time?

By the way Stony lost AA India to Tata. Close down AA Japan. Forced to bailout his JV partner from AA Philippine. AAV take over AA Thailand. AA Indonesia need capital injection and poker man can't delivered an AA China.

CapA was forced to come up with plans to list its AirAsia brand royalty business and aircraft leasing unit in the US through Nasdaq-listed special purpose acquisition company Aetherium Acquisition Corp (GMFI). The group seeks an indicative valuation of US$1 billion (RM4.65 billion) for the listing exercise.

What has happened in 2023
Capital A only restarted business activities in February 2023 following the reopening of international borders
- Completed negotiating with all creditors, including lessors, Airbus and GE
- 180 planes fixed by October 2023 - 156 operational, 22 in maintenance or on the ground, 2 pending regulatory approval
- All staff are back and trained, ensuring full readiness to operate all aircraft
- Increased stake to 100% in PAA and in progress for IAA
- Started to consolidate TAA in June 2023

Fundraising
To further drawdown USD78 mil from a loan approved by a regional bank
Finalising revenue bond, which expect to raise USD200 mil cash
Exploring financing opportunities for Indonesia AirAsia and Philippine AirAsia

Know how many airlines that have gone out of business?

“The airline industry’s demand for capital ever since that first flight has been insatiable. Investors have poured money into a bottomless pit, attracted by growth when they should have been repelled by it. And I, to my shame, participated in this foolishness when I had Berkshire buy U.S. Air preferred stock in 1989. As the ink was drying on our check, the company went into a tailspin, and before long our preferred dividend was no longer being paid. But we then got very lucky. In one of the recurrent, but always misguided, bursts of optimism for airlines, we were actually able to sell our shares in 1998 for a hefty gain. In the decade following our sale, the company went bankrupt. Twice. To sum up, think of three types of 'savings accounts.' The great one pays an extraordinarily high interest rate that will rise as the years pass. The good one pays an attractive rate of interest that will be earned also on deposits that are added. Finally, the gruesome account both pays an inadequate interest rate and requires you to keep adding money at those disappointing returns.”

https://klse.i3investor.com/blogs/Sslee_blog/2021-11-12-story-h1593811488-AAX_Creditors_Can_AAX_treating_its_customers_as_creditors_and_repay_the.jsp

You can refer above link on AAX class A, B and C creditors?

So do you think CapA creditors will be book dumbass or street dumbass to fall into Stony magic accounting debts restructure like AAX creditors of agreed to only 0.5 cents settlement for every dollar owed?

To put it simply, successfully building ICAP is akin to building a better Malaysia. To Teng Boo, they are synonymous

Another syiok sendiri syndrome.

i3lurker define syiok sendiri or "Fight Aeroplane" a Cantonese term for an uncurable medical condition meaning constant self pleasurization aka masturbation

The very basic requirement to uplift from PN17 is shareholders' equity must be minimum positive RM 40 million.

No default in payment by a listed issuer, its major subsidiary or major associated company and
The listed issuer is able to provide a solvency declaration to the Exchange

So can capA not default on it current liabilities in the nest 12 months?

As at 30/9/2023 Capital A
Current assets: RM 2,072,007,000
Current liabilities: RM 14,599,870,000
Net current liabilities: RM (12,527,863,000)
Shareholders’ equity RM (8,427,155,000)
Non-controlling interest: RM (2,101,925,000)
Total equity: RM (10,529,080,000)

Jaks is welcome to approach Insas leasing and credit for financing to take up addition 10% JHDP.

Posted by geary > Dec 23, 2023 12:04 AM | Report Abuse
Shares in Capital A settled half a sen or 0.59% higher at 85 sen, giving the group a market capitalisation of RM3.62 billion!
Ho...Ho...Ho...Hosaliao...🤓
Sslee...How!?
Bursa SC will agreed or Not...🤔
Little Bull Run on the way...next week...no more sideways...🐂
🙏🤠

Even given another 6 months what can Stony do to improve the balance sheet?

Stony can only borrow more money, taking in more advance sales and his unworkable out of this world cash call (Capital A plans to list its AirAsia brand royalty business and aircraft leasing unit in the US through Nasdaq-listed special purpose acquisition company Aetherium Acquisition Corp (GMFI). The group seeks an indicative valuation of US$1 billion (RM4.65 billion) for the listing exercise) just for not default on the Net current liabilities of RM (12,527,863,000) in the next 12 months.

As at 30/9/2023 Capital A
Current assets: RM 2,072,007,000
Current liabilities: RM 14,599,870,000
Net current liabilities: RM (12,527,863,000)
Shareholders’ equity RM (8,427,155,000)
Non-controlling interest: RM (2,101,925,000)
Total equity: RM (10,529,080,000)

Anyway I wish all a Merry Christmas and a Happy New Year 2024 filled with health, wealth, and joy.

CapA at 85 sen is to trap many suiyee sucker billis and Warren meow meow.

J Tiasa as at Q1 end 30 Sep 3023
RM'000
Cash and cash equivalents: 201,202
Current Liabilities
Loans and borrowings 56,310
Non-current Liabilities -
Loans and borrowings 264,137

Operating cash flows before working capital changes 133,667
Just need another 2 good quarters to clear all the borrowings

J Tiasa > 90 because JTiasa start to pay dividend after pare down the borrowing.

Repost for you to ponder with leases payment of abt RM 700 million and increasing per quarter can capA make any meaningfull profit in 2024?

Quarter end 30/09/23: Cumulative 9 months
RM: RM
Depreciation on right of use assets: (444,404,000): (1,124,591,000)
Finance cost -lease liabilities: (251,274,000): (656,333,000)

CapA is now like a taxi driver, driving a rental car from a taxi company.
How many passengers a taxi driver must picked up to pay for the car rental before he can earned a living?

For capA even last quarter 89% load factor is still a loss making quarter.

So many Warren wannabe in i3.

Why invest in PN17 company that had ask and granted extension to submit the PN17 regularisation plan from Jan 23 to July 23 to Oct 23 and now to 31th Dec 23?

Will Warren invest in this type of company?

What will happen if capA fail to submit the PN17 regularisation plan by or on 31th Dec 23vand Bursa proceed to suspend capA pending appeal of delisting?

KUALA LUMPUR: Singaporeans topped the list of 26 million tourist arrivals to Malaysia, according to the Immigration Department’s latest statistics recorded from Jan 1 to Nov 15, 2023.

According to statistics released, the most number of tourists were from Singapore at 12,645,364 tourists, followed by Indonesia (3,166,295), Thailand (2,073,162), China (1,407,471), Brunei (904,841), and India (780,532) while the rest are from other countries.

My comment will Singaporeons take an AA flight from Singapore to Johor Baru just to avoid traffic jam?

Countdown to a new year. Mana capA punya PN17 regularisation plan?

So becareful of what you wish for. Your wish might come true.

ORDINARY RESOLUTIONS 2 TO 9
PROPOSED ALLOCATION OF ESOS OPTIONS UNDER THE PROPOSED ESOS
“THAT subject to the passing of Ordinary Resolution 1 and the approvals of all relevant authorities
and/or parties being obtained, approval be and is hereby given to the Board to authorise the ESOS
Committee, at any time and from time to time throughout the duration of the ESOS, to offer and grant
to the following persons, ESOS Options to subscribe for new Shares under the Proposed ESOS:
(i) Y.A.M. Tengku Puteri Seri Kemala Tengku Hajjah Aishah Binti
Almarhum Sultan Haji Ahmad Shah, DK(II), SIMP (Chairperson,
Independent Non-Executive Director)
Ordinary Resolution 2
(ii) Dato’ Dr. Tan Seng Chuan (Executive Vice Chairman) Ordinary Resolution 3
(iii) Lau Kean Cheong (Executive Director cum Group Chief Executive
Officer)
Ordinary Resolution 4
(iv) Dato’ Wong Gian Kui (Executive Director) Ordinary Resolution 5
(v) Ho Phon Guan (Executive Director) Ordinary Resolution 6
(vi) Mai Mang Lee (Executive Director) Ordinary Resolution 7
(vii) Dato’ Sri Thong Kok Khee (Non-Independent Non-Executive
Director)
Ordinary Resolution 8
(viii) Datuk Phang Ah Tong (Independent Non-Executive Director) Ordinary Resolution 9

Resolutions 2 and 8 was voted against. So now Dato’ Sri Thong Kok Khee one less income from Inari ESSO.

https://klse.i3investor.com/blogs/Sslee_blog/2023-12-15-story-h-212372040-6_months_12_months_and_18_months_ROI_contest_part_II.jsp

@income,
Result as per link above.

DIRECTORS’ RCUIDS HOLDINGS
The interests of the Directors of Capital A in RCUIDS in the Company and its related corporations based on the Company’s
Register of Directors’ RCUIDS Holdings as at 31 March 2023 are as follows:-
Direct Indirect
No. of
RCUIDS Held
% of
Issued RCUIDS
No. of
RCUIDS held
% of
Issued RCUIDS
Tan Sri Anthony Francis Fernandes - - 343,028,359(1) 33.12
Datuk Kamarudin bin Meranun - - 343,028,359(1) 33.12

So are Stony and DK Book Smart...OR Street Smart for holding on to their RCUIDS?

geary Sslee
Just wonder why?...convert RCUIDS to capA listed share when RCUIDS enjoy a yearly profit/interest rate of 8%?!

Book Smart will wonder...But Street Smart will take higher Risk...n fight for higher Rate of Return...!?🤓
17/12/2023 11:09 PM

When you live in a dark cave then light is a threat to you.

Should ..... they Street Smart 🤓 sell capA and buy RCUIDS?

geary Conversion into listed CapitalA Bhd...@0.75...Recently...they Street Smart 🤓

Just wonder why convert RCUIDS to capA share when RCUIDS enjoy a yearly profit/interest rate of 8%?

SINGAPORE – Covid-19 infections jumped to 56,043 in the week of Dec 3 to 9, a 75 per cent increase over the 32,035 infections in the previous week, said the Ministry of Health (MOH) on Dec 15.

This is the third week of increase in Covid-19 infections. MOH said it will update figures daily from Dec 19.

It advised the public to wear a mask in crowded places even if they are not sick, especially indoors or around vulnerable people.

15-Dec-2023 Board Member Director Resignation - ENCIK AHMAD AL FAROUK BIN AHMAD KAMAL on 15-Dec-2023.
15-Dec-2023 Board Member Chairman Resignation - YM TUNKU DATO MAHMOOD FAWZY BIN TUNKU MUHIYIDDIN on 15-Dec-2023.

Just think of it what will happen to AAX if capA inject in capA's aviation assets and liabilities into AAX?

By the way i3lurker,
As at 31 Dec 2022 Shareholders’ equity RM (5,725,093,000)
As at 30 Sep 2023 Shareholders’ equity RM (8,427,155,000)
That is how Stony bailout his JV partner AA Philippine

Net current liabialities increase from begining of year
Net current liabilities: RM (8,509,066,000) to as at 30/9/2023
Net current liabilities: RM (12,527,863,000)
It that a good 9 months for capA?
Will capA not default on the current liabilities in the next 12 months?

As at 31/12/2022 Capital A
Current assets: RM 1,768,954,000
Current liabilities: RM 10,278,023,000
Net current liabilities: RM (8,509,066,000)
Shareholders’ equity RM (5,725,093,000)
Non-controlling interest: RM (3,791,865,000)
Total equity: RM (9,516,958,000)

As at 30/9/2023 Capital A
Current assets: RM 2,072,007,000
Current liabilities: RM 14,599,870,000
Net current liabilities: RM (12,527,863,000)
Shareholders’ equity RM (8,427,155,000)
Non-controlling interest: RM (2,101,925,000)
Total equity: RM (10,529,080,000)

Side Bet:
1: Felix888 Vs BobAxelrod
Sapura E hit 0.07 within 9 months since the latest RO extension date.

Who will win the above side bet?

What can we conclude from 6 months ROI study are:
1. In short term the ROI favour present of Earning Growth Catalyst (EPS sudden increase due to increase favorable production/products price)
2. Beaten down stocks that start to turnaround.

Coming home last is qqq47660
DNEX ROI of -24.04%

Insas is unreasonable undervalued.
At RM 0.89
The price/NAPS is 0.25
PE based on annualized last two quarter EPS is 5.563

I am disappointed with Insas for not increasing the dividend payout. I will wait for the publication of AGM key matter discussed at Insas website before sending in AGM follow up questions.