Repost as a gentle reminder:
CapA/Stony are desperate to raise below borrowing and cash to keep CapA afloat for another year. After that Stony is hoping MOVE will save the day for him/capA. The odd is heavily against Stony/capA.

As of suspend and delist it is up to Bursa SC decision to make in order to protect the interest of investing public and Bursa rule and regulation on listing requirement.


25 Oct 2023 02:28 PM: Capital A Berhad, the parent of AirAsia, is planning to raise more than $1 billion in debt and equity, and will list some of its businesses through a blank-cheque company, the Financial Times reported on Wednesday

Friday, 13 Oct 2023: KUALA LUMPUR: Budget carrier AirAsia, a part of the Capital A Bhd group, is seeking a US$400mil loan, half of it from private credit funds, to refinance debt, according to people familiar with the matter.

Tuesday, 03 Oct 20236:46 PM MYT
KUALA LUMPUR: AirAsia Bhd has accepted a five-year term loan of up to US$150 million (RM705 million) from a financial institution.

In a filing with Bursa Malaysia today, Capital A Bhd, the parent company of AirAsia, said the airline will use the loan for working capital requirements and fund aircrafts and engine maintenance costs.

"The term loan was secured by, inter-alia, a corporate guarantee from Capital A, which shall remain throughout the term of the term loan,” it said.

Why not fly Malaysia Airline?

i3lurker,
You forget to mention while I am happily enjoy my free bintang beer and lobster on jaks trading gain, Mike-tikus stole from me again and trapped himself in Jaks for donkey months. FORCED to promote Jaks day and night 24/7/365 non stop to no avail.

Posted by i3lurker > Dec 7, 2023 9:34 AM | Report Abuse
Satanic Accuser MikeCheatYouCrazy stole from sslee ...

buy HRC
buy Petron

so I just rinse and repeat and FORCED Satanic Accuser MikeCheatYouCrazy to buy Armada 🤣

I am back to grab some for my free bintang beer and lobster. Thank you very much to my favorite trading stock Armada.

Time is ticking down. Will JHDP pay any dividend this year? Can Jaks get loans for the 10% addition JHDP share?

Repost:
Without debts restructure technically CapA is a bankrupt company, manage to stay afloat by more borrowing, sales in advance and rollover of lease/others liabilities.

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)

ken2004 Maybe you can predict what next quarter result will do actually, more worst losses? or you think will delist?
05/12/2023

CapA/Stony are desperate to raise below borrowing and cash to keep CapA afloat for another year. After that Stony is hoping MOVE will save the day for him/capA. The odd is heavily against Stony/capA.

As of suspend and delist it is up to Bursa SC decision to make in order to protect the interest of investing public and Bursa rule and regulation on listing requirement.


25 Oct 2023 02:28 PM: Capital A Berhad, the parent of AirAsia, is planning to raise more than $1 billion in debt and equity, and will list some of its businesses through a blank-cheque company, the Financial Times reported on Wednesday

Friday, 13 Oct 2023: KUALA LUMPUR: Budget carrier AirAsia, a part of the Capital A Bhd group, is seeking a US$400mil loan, half of it from private credit funds, to refinance debt, according to people familiar with the matter.


Tuesday, 03 Oct 20236:46 PM MYT
KUALA LUMPUR: AirAsia Bhd has accepted a five-year term loan of up to US$150 million (RM705 million) from a financial institution.

In a filing with Bursa Malaysia today, Capital A Bhd, the parent company of AirAsia, said the airline will use the loan for working capital requirements and fund aircrafts and engine maintenance costs.

"The term loan was secured by, inter-alia, a corporate guarantee from Capital A, which shall remain throughout the term of the term loan,” it said.

Quote, "In the past, business owners and company directors relied heavily on their experience and instinct when making decisions. However, with data technology, quantitative analysis is now considered a better approach to making informed decisions." Unquote

So geary have you change from using gut feeling to quantitative analysis for your investment decision?
What are your quantitative study on capA tell you?

9 months end 30/9/2023
Depreciation of right of use assets: RM (1,124,591,000)
Finance costs-lease liabilities: RM (656,331,000)

As at 30/9/2023
Current lease liabilities: RM 5,149,616,000.
Short term/current borrowing:RM 762,613,000
Long term/non current borrowing RM 3,007,507,000

So in the next 12 months can capA acheive EBITDA of more than RM 5 billion just to pay the aircraft lease?

3Q2023:
Depreciation of right of use assets: RM (444,404,000)
Finance costs-lease liabilities: RM (251,274,000)

Cash flows from financing activities:
Proceeds from borrowings: RM 440,983,000
Repayment of borrowing and lease liabilities: RM (1,836,208,000)
Acquisition on non-controlling interests: RM (75,725,000)
Net cash used in financing activities: RM (1,470,950,000)

geary are you sure capA generating positive cash flow from operation?

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.

2Q2023:
Depreciation of right of use assets: RM (354,185,000)
Finance costs-lease liabilities: RM (235,975,000)

Cash flows from financing activities:
Proceeds from borrowings: RM 130,989,000
Repayment of borrowing and lease liabilities: RM (1,107,380,000)
Acquisition on non-controlling interests: RM (52,061,000)
Net cash used in financing activities: RM (1,028,452,000)

AAX turnaround by the infamous debts restructure of paying creditors included paid customers whose flights were cancelled a mere 0.5 sen for every ringgit owed, capital reduction and 10 to 1 share consolidation

Without debts restructure technically CapA is a bankrupt company, manage to stay afloat by more borrowing, sales in advance and rollover of lease/others liabilities.

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)

Even if capA manage to generate a core net profit in 4Q23 do you know how bad is capA balance sheet?

How capA going to manage the net current liabiliaties of RM (12,527,863,000) in the next 12 months?


As at 31/3/2023 Capital A
Current assets: RM 1,978,599,000
Current liabilities: RM 10,503,495,000
Net current liabilities: RM (8,524,896,000)
Shareholders’ equity RM (5,553,254,000)
Non-controlling interest: RM (3,822,946,000)
Total equity: RM (9,376,200,000)

As at 30/6/2023 Capital A
Current assets: RM 2,269,900,000
Current liabilities: RM 14,208,631,000
Net current liabilities: RM (11,938,731,000)
Shareholders’ equity RM (8,390,820,000)
Non-controlling interest: RM (1,813,867,000)
Total equity: RM (10,204,687,000)

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)

More importantly, CAPITALA stated that it is ready to announce its PN17 regularization plan this month?
Sound familiar and at the end keep postphone submitting the PN17 regularisation plan from Jan 2023 to July 2023 to Oct 2023 and now to 31th Dec 2023.

What if capA fail to submit the PN17 regularisation plan by or on the third extension deadline of 31th Dec 2023 and Bursa SC proceed to suspend and delist capA, will Tiger Bank compensate your lose?

Mind telling what Singapore Airlines Limited and CapA have in common?

If jaks share price keep droping lower and lower then for sure at some point it will trigger the margin forced selling of ALP pledged share.

At last Stony speak his heart: CapA is in a big problem.

AirAsia will try to reduce airfares but ‘have a heart’, says Fernandes

Fernandes said 92% of their domestic flights consisted of low-season airfares, adding deal flights were also offered throughout the year.

"But also have a heart on us, we lost RM4bil last year (and) last quarter we lost RM400mil.

"I can’t control the price of oil. The US Dollar is very strong - 75% of our costs are in Dollars. So when it is strong, my costs go up

Patient Investor @Sslee Are you having some personal grudge with Tony Fernandez or something?
04/12/2023 9:41 PM

i3 stands for:
Independent, Intelligent, Informed.

i3investor as an independent portal, has enable people from many different background, culture, experience, age group to contribute their unique opinion, philosophy, strategy and information that have benefited many i3 readers so that they can make an intelligent and informed decision on how to manage their own risk and investment portfolio.

Every coin has two sides. Those with vested interest will only present you with one sided story about CapA/Stony. I just present to you fact and figure of the other side of the coin CapA/Stony. It is up to you to make an intelligent and informed decision on your investment. Nothing more, nothing less.

LapSAP even suspend and delist at 4.5 sen no harm done.
But if capA suspend and delist many who follow meow meow meow buy call will get burn seriously.

@Tatooine, is ANGLO ASIA INVESTMENTS LIMITED owner a PAC of Dato' Sri Thong?

Post removed.Why?

The question remain:
Do you still believe capA/Stony can submit the PN17 regularisation plan on or before Bursa SC third extension deadline of 31th Dec 2023?

Will Bursa SC procced to suspend and delist capA if capA fail to submit the PN17 regularisation plan by third extension deadline on 31th Dec 2023?

Will capA submit another request for the fourth time extension submitting the PN 17 regularisation plan?

Will Bursa SC approved the extension request for the fourth time or proceed to suspend and delist capA?

Repost:
Stony deserved an Oscar as best Bollywood/Bolehland actor of the year 2023 award.
He told you PN17 is just accounting issue. You believe

He told you capA has engaged RHB Investment Bank to assist in the formulation and/or evaluation of possible proposals with the aim of developing a proposed regularisation plan to regularise its PN17 condition. In addition, the Company has also engaged the following advisers for the formulation of the aforementioned regularisation plan:
1. Messrs Adnan Sundra & Low as the Due Diligence Solicitors;
2. Deloitte Corporate Advisory Services Sdn Bhd as the Independent Valuer;
3. Messrs Ernst & Young PLT as the Reporting Accountants; and
4. BDO Consulting Sdn Bhd as the Internal Control Reviewer.

You also believe but all those kingmen keep postphone submitting the PN17 regularisation from Jan 2023 to July 2023 to Oct 2023 and now to 31th Dec 2023.

The obligation of an Affected Listed Issuer pursuant to Paragraph 8.04 and Practice Note 17 of the Main Market Listing Requirements is to ensure expeditious regularisation of its financial condition to warrant continued trading and listing on Bursa Securities. The Affected Listed Issuer must submit a regularisation plan to the Securities Commission or Bursa Securities which is sufficiently comprehensive and enables the Affected Listed Issuer to regularise its financial condition.

In the event the Company fails to submit its regularisation plan to the regulatory authorities within the stipulated timeframe, the Company may apply for a further extension of time. Any application for a further extension of time will be considered on a case to case basis.

CapitalA triggered the criteria for PN17 in July 2020, after its external auditors EY issued an unqualified audit opinion with material uncertainty relating to going concern in respect of its audited financial statements for FY2019, plus its shareholders’ equity on a consolidated basis was 50% or less of its share capital

Capital A was only classified under PN17, a categorisation for distressed entities, in January 2022 due to an 18-month relief period, instead of 12 months as announced on 16 April 2020 [5], for a listed issuer that had triggered the suspended PN17 or GN3 criteria [6] between 17 April 2020 and 30 June 2021.

https://preview.redd.it/nazir-razaks-daughter-son-voiced-out-about-dads-infidelity-v0-r7iwjl9pc14c1.jpg?width=640&crop=smart&auto=webp&s=e82382e6d95287a004f203078d4dc0d77e2aefab

Jaks insiders used drty trick to trigger margin forced sell Mr and Mrs KYY jaks share.
One fine day the market will/shall return the favor by trigger margin forced sell tne insiders jaks share and hope you are not one of the collateral damage.

Mike-tikus is so desperate, already lose in jaks and now trying to grab on meow meow meow capA to stay afloat.

Insas.
Right issue
Ex Date
Type
Subject
Amount
23-Jan-2015 RIGHTS_ISSUE Rights Issue 1 : 5
02-Feb-2021 RIGHTS_ISSUE Rights Issue 2.0000 : 10.0000

Insas RI of RPS with free warrants in 2015 and 2021 to reward shareholders.

Jaks RI warrant B at RM 0.25 cents and today WB expired out of money. Shareholders subscribe for RI WB lose every sen.
RightIssue
Description RENOUNCEABLE RIGHTS ISSUE OF UP TO 278,164,186 WARRANTS ("WARRANT(S)") IN JAKS RESOURCES BERHAD ("JRB") ON THE BASIS OF 1 WARRANT FOR EVERY 2 EXISTING ORDINARY SHARES IN JRB HELD AS AT 5.00 P.M. ON WEDNESDAY, 21 NOVEMBER 2018, AT AN ISSUE PRICE OF RM0.25 PER WARRANT ("RIGHTS ISSUE OF WARRANTS")

Are you joking or delusion or we Malaysian like to say syiok sendiri /self satifaction by comparing Elon Musk to Stony?

Did meow meow meow know Elon Musk is the richest man in planet Earth and Stony not even in Malaysian top 10 richest list?

Robert Kuok; US$11.8 billion
Quek Leng Chan; $10.2 billion
Koon Poh Keong & siblings; $5.8 billion
Ananda Krishnan; $5.4 billion
Teh siblings; $5.2 billion
Lee Yeow Chor & Yeow Seng; $4.6 billion
Chen Lip Keong; $2.8 billion
Lim Kok Thay; $2.3 billion
Tan Yu Yeh & Yu Wei; $1.9 billion
Chia Song Kun; $1.8 billion

Elon Musk
As of December 1, 2023, the richest person in the world is Elon Musk, the CEO of electric car company Tesla; he's worth an estimated $245 billion. He moved into the number one spot in June this year, overtaking Bernard Arnault of France.

Who is the looser?
Who promoting day and night 24/7/365 jaks for many months with his half past six FA and TA and jaks price is now at:

JAKS RESOURCES BERHAD MAIN : Construction
Last Price Today's Change Day's Range Trading Volume
0.19 0.00 (0.00%) 0.185 - 0.195 10,857,900

Market Cap: 450 Million
NOSH: 2,370 Million
Avg Volume (4 weeks): 8,372,026
4 Weeks Range: 0.185 - 0.21
4 Weeks Price Volatility (%): 20.00%
52 Weeks Range: 0.17 - 0.305
52 Weeks Price Volatility (%): 14.81%

I will not invest in jayatiasa if not for the improved Production of FFB, postive operating cashflow (RM 300+ million per year) that help to significiently reduce debts and importantly start to give dividend.

Most likely flag become Mike-tikus is posting gibberish which do not benefit anyone whose interest is about capA.

StarOfTheBull,

Respectfully please do not use the excuse of "Anyway, those old posts cannot be retrieved" to slander me.

I even wrote a blog in rebutting theedgeMalaysia for misleading and misinformation one sided report on Bursa SC moving the goal post for rejecting AAX uplifting from PN17 when Burs SC first rejected the AAX application to uplife from PN17.

In the blog I even say if CapA injection capA' aviation assets and liabilities into AAX then AAX will surely default on the current liabilities because AAX do not have the capability and capacity to borrow and raise cash in billions to meet the payment of current liabiliaties.

Are you kidding Mike-tikus?

Prior covid capA is overchanging planes lease to AAX, JV: AA India, AA Japan, AA Philippine, AA Thai and AA Indonesia or in other word profit transfer from associates and JVs to capA.

After been exposed then was forced to sale all the wholly owned leasing company and reap big profit to pay dividend.

So what you expect when in 2019 no more owning the lease company (no more lease incomes) but had to lease planes from planes leasing company.

Agree with ken that cavid-19 has bankrupted many airlines but the question remain why post covid some airlines already recovered so fast but not capA? Still lossing money flying people.

Posted by ken2004 > Dec 2, 2023 3:46 PM | Report Abuse
surely the debts accumulate will be superb else they won't be in PN17, so not surprising for me all the revenue need to cover back this hole.........unless another pandemic strike again, it will take time for them to recover.........



Can't help but had to say many of Meow Meow Meow' comments at capA , SAPNRG and Serbadk is at best misleading and misinformation on taking trading gain/loss as investing.

Dec 2, 2023 11:42 AM | Report Abuse
Haha Yes Paul...Santa is cumming to town with CapitalA...
Meow Meow Meow

KUALA LUMPUR (Nov 30): Analysts are expecting wider losses for Capital A Bhd for the financial year ending Dec 31, 2023 (FY2023), after its recent nine-month results missed consensus, in line with lower-than-expected rebound in air travel.

The Practice Note 17 (PN17) company posted a core loss after tax and minority interest (Latami) of RM222.8 million for the third quarter (3QFY2023), significantly impacting the 9MFY2023 results, which stood at a RM652.2 million loss, due to lower yields, surge in fuel prices and the US dollar strengthening against regional currencies.

Hong Leong Investment Bank (HLIB) Research said the results came below its projected profit after tax and minority interest (Patami) of RM90.8 million, and the consensus forecast of RM155 million for FY2023.

This prompted HLIB to revise downward its earnings forecasts to a RM550.2 million loss against its previous estimate of RM90.8 million for Capital A’s FY2023 performance.

Know how many IBs analyst is cutting their projected earning for 2023, 2024 and 2025?

What had gone wrong with CapA when many other airlines are earning big profit and talking about rewarding their employees with many months of year end bonus?

Posted by ken2004 > Dec 1, 2023 8:06 PM | Report Abuse
Seriously, people buy for the potential............which this part whether the company in the coming year will earning big bucks or not..........

HLIB research also said that Capital A is expected to undertake a disposal exercise that will involve AirAsia X, which recently had its own PN 17 status uplifted.
Capital A is also exploring the listing of Philippines AirAsia Inc and PT Indonesia AirAsia.

Is HLIB research clueless that PT Indonesia AirAsia is a listed company in Indonesia?

AirAsia Indonesia Tbk PT
IDX: CMPP
OverviewCompareFinancials
131.00 IDR −5.00 (3.68%)today
1 Dec, 4:01 pm GMT+7 • Disclaimer
Open
136.00
High
136.00
Low
127.00
Mkt cap
1.40T
P/E ratio
-
Div yield
-
52-wk high
230.00
52-wk low
113.00

Is Kenanga Analyst clueless and still talking about capA divest its aviation group to AirAsia X in exchange of shares to be distributed back to its shareholders?

Source : KENANGA
Stock : CAPITALA Price Target : 0.84 | Price Call : HOLD
Last Price : 0.865 | Upside/Downside : -0.025 (2.89%)

CAPITALA’s 9MFY23 results disappointed as the rebound in air travel fell short of expectations. We share its optimism that the recovery in air travel will further accelerate moving into 2024. It is unveiling its PN17 regularisation plan by end-2023. We now forecast a net loss of RM33m (from a profit previously) in FY23F but keep our TP of RM0.84 and MARKET PERFORM call.

It reported a core net loss of RM291m in 9MFY23, against our full-year net profit forecast of RM201m and the full-year consensus net profit estimate of RM155m. The variance against our forecast came largely from the rebound in air travel falling short of expectations.

The key takeaways from the analysts briefing yesterday are as follows:
1. It is on track to announce PN17 regularisation plan by end Dec 2023 with completion expected by 2QCY24. We gathered that it plans to divest its aviation group to AirAsia X in exchange of shares to be distributed back to its shareholders.

The recent dividend:
Ann. Date
Ex Date
Type
Subject
Amount
View
24-Aug-2023 12-Sep-2023 DIVIDEND Second Interim Dividend RM 0.0170 Dividend Detail
28-Feb-2023 14-Mar-2023 DIVIDEND First Interim Dividend RM 0.0150 Dividend Detail
30-Aug-2022 27-Sep-2022 DIVIDEND Interim Dividend RM 0.0280 Dividend Detail

At least geary try to talk about intrinsic value but if you value the company by face then you need a lot of hope for good luck.


Posted by The_JQuestion > Dec 1, 2023 4:24 PM | Report Abuse
the face alone worth 2.0++ go cap A lets MOVE !

Our existing policy is to pay a minimum dividend of 20% of net profit subject to not compromising the Group's ability to support its pursuit for long term growth. However, that will not restrict declaration of dividend of more than 20%.

5."The final principle is 'hope for good luck.' That's the most important one."

Geary, if your principle is just hope for good luck then you are destined for failure.

LUCK is when Preparation meets Opportunity and Success is 99% hard work + 1% good luck

“Hope for the best and be prepared for the worst” is a quote by Maya Angelou. Lee Child said, “Hope for the best, plan for the worst”. Zig Ziglar said, “Expect the best prepare for the worst”. Why is it good to be prepared for the worst because, by preparing for the worst, you can reach your goals much more smoothly and you can put more of your energy in having positive attitude knowing that you have covered any eventualities and lessening the negative chatter in your head.

I3lurker what is 515?

Move CEO wants travel brand recognition in post-AirAsia era
By Ram Anand / Bloomberg
01 Dec 2023, 11:02 am

Is Move CEO try to imply post-AirAsia era mean AA is dead and gone/burried for good?

Since I can claim my CNY flight ticket from company account, what airline do you think I will choose?

Posted by StartOfTheBull > Dec 1, 2023 2:48 PM | Report Abuse
Since AAX has exited from PN17 status, will Lee uses AirAsia to balik kampong for CNY this year?

Jayatiasa:
Planted area (ha) 69,589
FFB yield (MT/ha) budgeted for FY 2024:16.10
FFB budgeted production 69,589 X 16.10 = 1,120,382 MT.

Quarter end 30/9/2023 FFB production 359,740 MT
Average FFB local selling price: RM 740/MT.

You must be kidding if anyone believe what this super slander Mike-tikus word at all.