Ya Stony mistaken Indonesia culture and expose his Tits & Nipples and then sharing the picture for all to see as one example of capA culture.

Ask any accounting student and they will tell you below company in an insolvent company.
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)

So Mike-tikus aka Johnchew1-5 are you saying Stony shold be awarded with the Best CEO of Topi Hijau Club for his/capA deal with Aetherium Acquisition Corp?? 😉🤣

Someone cannot understand i3lurker is trying to make fun of Stony/capA deal/merge with Aetherium Acquisition Corp is figuratively speaking or metaphorically Stony is giving away his Korean wife to Aetherium Acquisition Corp and now has to pay Aetherium Acquisition Corp 40% for using of Aetherium Acquisition Corp wife.

Just a simple question:
Anyone still believe Stony will unveil capA PN17 regularisation plan on or before 31th Dec 2023??? or will be another extension?

Sorry I do a lot of trading and the only stock I hold long long is the value trap Insas.

The problem with Insas is once MGO trigger then the independent advisor will do a valuation and advise shareholders to accept or reject the offer based on is the offer fair/unfair and reasonable/unreasonable.

No prize guessing what will be the outcome.

Shareholders can only hope that insas value can be unlock by better dividend and a dividend policy.

By the way do you think without yearly positive cash flow can Insas accumulate Net Financial assets: RM 1,418,421,000 and Insas still hold 537,008,575 inari share (one of Insas associate company) and 1,215,718,665 M&A an effective holding of 60.83% subsidiary company of Insas

Fundamental analysis (FA)
Fundamental analysts study anything that can affect the stock's value, including macroeconomic factors (e.g. economy and industry conditions) and microeconomic factors (e.g. financial conditions and company management). The end goal of fundamental analysis is to produce a quantitative value (Intrinsic Value) that an investor can compare with a stock's current market price, thus indicating whether the stock is undervalued or overvalued. Fundamental analysis is a method of evaluating a stock in an attempt to assess its intrinsic value.

In summary Fundamental Analysis cover:

QUANTITATIVE
Financial data/ratio contain in current and past financial report.

QUALITIVE
Economy condition (Current and future)
Industry condition (Current and future)
Company management (Current and future)
Profit growth prospect (Current and future)
In short what many people term as Business Sense (BS) is actually the qualitative part of Fundamental Analysis. BS is subset of FA.

Definition: Intrinsic value is the Present value of the investment of all the expected cash flow over the lifetime discounted at the appropriate discount rate.

Intrinsic value = (CF1/ (1+d)^1) + (CF2/(1+d)^2) + ----- +(CFn/(1+d)^n)

Where:
CF = Cash Flow in the Period
d = Discount rate
n = The period number
This Intrinsic value is actually a Discounted Cash Flow (DCF)
Example of intrinsic value of INSAS is then the Sum of DCF expected cash flow from varies business streams.
For INSAS financial assets rich case, it is my opinion that the liquid assets minus total liabilities should be added to this intrinsic value.

Posted by geary > Nov 9, 2023 6:43 PM | Report Abuse

#SIA's Mr. Goh Choon Phong...was snubbed...Why...?
CapitalA Bhd... Upswing Momentum...Slow n Steady...Still win the Race...🙌👏🚀

Malaysians really like to shiok sendiri, no wonder we are now so far behind Singapore.

1 Singapore Dollar equals 3.45 Malaysian Ringgit
Nov 9, 11:49 UTC ·

Dato' Sri Thong family (daughter and son) have long history in Omesti and microlink. Insas holding in Omesti is recorded as one of the Financial assets at fair value through profit or loss.

Q3 will be Q to Q drop and Q4 another Q to Q drop.

Do you think:
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.
Will want to go to jail with Stony?

Anyone still believe Stony will unveil capA PN17 regularisation plan on or before 31th Dec 2023???

The Group reported a net profit of RM929.4 million in 2Q2023 as compared to a net loss of RM1,120.9 million in 2Q2022. The current quarter recorded a gain of RM1,369.3 million from remeasurement of an associate to subsidiary, Asia Aviation Public Company Limited Group (“AAV”), in June 2023 and foreign exchange loss of RM158.6 million due to the appreciation of USD against the local currencies of the Groupduring the quarter.

Is capA profit is real or just some accounting figure of gain of RM1,369.3 million from remeasurement of an associate to subsidiary, Asia Aviation Public Company Limited Group (“AAV”),

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)

Stony is so deperate till grabing a garbage bag "Aetherium Acquisition Corp (“Company”) (Nasdaq: “GMFI”)" to stay afloat in order to meet the obligation of Net current liabilities: RM (11,938,731,000) in the next 12 months time.

What will happen if capA default on Net current liabilities of RM (11,938,731,000)???

Boosted by strong travel demand, the carrier group booked a record $1.44 billion net profit for the half year to end-September, up 55 per cent from $927 million for the same six months a year ago. Operating profit came in at a record $1.55 billion, a 26 per cent jump.

Revenue was up 9 per cent to $9.16 billion. The company declared an interim dividend of 10 cents, amounting to $297 million in total payout.

This is why I say the the award is rightfully belong to SIA CEO Goh Chooo Phong

And what had Stony capA acheived for the 6 months end 30/6/2023 and deserved the award?

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)
Capital A’s aviation is still lose making
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

Beside the entertainment of Capital A Bhd’s chief executive officer Tan Sri Tony Fernandes has been named "Asia Pacific CEO of The Year" at the Airline Economics’ Aviation 100 Asia Pacific Awards 2023 in Singapore.

By the way the award is rightfully belong to SIA CEO Goh Chooo Phong.

Anyone still believe Stony will unveil capA PN17 regularisation plan on or before 31th Dec 2023?

Mike-tikus aka Johnchew1-5 mind telling me what is the Benjamin Graham number for Insas?
Square root of 22.5 x ( earning per share ) x ( book value per share )

Mike-tikus aka Johnchew1-5 promotor of JAKS day and night 24/7/365 are you lost until kisiao...anyhow defecating n urinating in i3...🤮😷????

Posted by geary > Nov 3, 2023 10:45 PM | Report Abuse
Hahaha...Only Swines are easily lured into such good for nothing... company...insiders...outsiders...are scammers... crocodiles n piranhas...KYY already lost millions...after visited Vietnam Power Plant...plus all kena Swindled by Jaks Insiders...!?
Lagi Tak Tahu... that's why all lost until kisiao...anyhow defecating n urinating in i3...🤮😷

Mike-tikus aka Johnchew1-5 promotor of JAKS day and night 24/7/365 are you lost until kisiao...anyhow defecating n urinating in i3...🤮😷????

Posted by geary > Nov 3, 2023 10:45 PM | Report Abuse
Hahaha...Only Swines are easily lured into such good for nothing... company...insiders...outsiders...are scammers... crocodiles n piranhas...KYY already lost millions...after visited Vietnam Power Plant...plus all kena Swindled by Jaks Insiders...!?
Lagi Tak Tahu... that's why all lost until kisiao...anyhow defecating n urinating in i3...🤮😷

Did Mike-tikus aka Johnchew1-5 ever attending any JAKS AGM before he promoting Jaks day and night 24/7/365?

Dear Sir/Madam,

We have received your request to participate remotely via live streamed meeting and online voting at the INSAS 61ST AGM. of INSAS BERHAD which will be held at:

Date & Time: 27 November 2023 (Monday), 11:00 AM

We will verify and revert to you on the status of your registration after 25 Nov 2023.

Thank you.

Regards
Administrator
TIIH Online

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.

He told Bursa acquisition with undisclosed sum to “increase effective stake from 40% to 100% in Philippine Air Asia” that transfers about negative equity of RM 2 billion from Non-controlling interest to Shareholders’ equity and about RM 1 billion addition accumulated losses is below the threshold that warrants immediate announcement.
Bursa also believe.

He told theedgemalaysia According to sources, the proposed disposal of Capital A’s aviation assets to AAX will proceed, despite recent events
Theedgemalaysia also believe.

He has taken what is rightfully belong to capA aviation to CapI
Capital A International shall be made up of Brand AA Sdn Bhd and Fleet Consolidated Pte Ltd
Both Brand AA and Fleet Consolidated are newly formed subsidiaries and do not have any revenue.

Brand AA is a brand management company. It is the registered proprietor for all the rights under the AirAsia brand. Under a master brand licensing agreement dated May 31 this year, Brand AA has the right to collect royalty fees from AirAsia Aviation Group Ltd, Capital A’s aviation division.

Fleet Consolidated, meanwhile, will primarily be responsible for the procurement and delivery of the requisite aircraft for the aviation group based on the agreed allocation plan.

And merged with Aetherium Acquisition Corp (“Company”) (Nasdaq: “GMFI”) for USD 1 billion
You also believe.
Note: GMFI mkt cap USD 69.99million and was granted the extension until November 20, 2023 to regain compliance with Nasdaq’s continued listing rule as it relates to the failure to timely file its Quarterly Report on Form 10-Q for the Quarter-Ended March 31, 2023, and June 30, 2023.

Now you ask why so many people fall for scams? Is it because human nature like to just believe?
When can people see the reality that capA is an insolvent company and Stony is just trying to grab even a garbage bag to still afloat for a while longor

Please allow me to point out:
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)
Capital A’s aviation is still lose making
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

I think you just need to be a substantial shareholder to demand an appointment to be Insas director.

https://domecafe.com.my/domemenu/

DOME CAFE MENU

Post removed.Why?

If investment can be as simple as some simple formula or your con TA point 1,2 3,4 and 5 then everyone already a millionaire:

Benjamin Graham number
Square root of 22.5 x ( earning per share ) x ( book value per share )

To be fair Dato' Sri Thong and BOD is building and accumulate wealth into Insas. They need to relearn beside accumulate wealth into Insas also need to share the Insas wealth with Insas shareholders.

Looking forward listing of Melium Group and more Dome cafe.
Retail trading
During the financial year, Melium Group’s sales have improved considerably to almost pre-Covid level for many of the brands Melium carries. In FY 2023, Melium Group posted a net profit of RM15.4 million as compared to RM2.5 million in FY 2022 as its business continued to improve basing on the numbers of inbound tourists from China are encouraging.
Question 3: Any planned timeline to list Melium in Bursa?

Repost:
Aetherium Acquisition Corp (“Company”) (Nasdaq: “GMFI”) was granted the extension until November 20, 2023 to regain compliance with Nasdaq’s continued listing rule as it relates to the failure to timely file its Quarterly Report on Form 10-Q for the Quarter-Ended March 31, 2023, and June 30, 2023.

CapA was granted the extension until 31 Dec 2023 to submit PN17 regularisation plan, failure to do so will subject capA to suspension and delisting.

So GMFI and capA must be a perfect match make in heaven as both are in danger of delisting.

My question is Stony become so cheap and desperate to grab any thing on sight to stay afloat?
07/11/2023 8:38 AM

SinGor Tony is afraid if he Has to join MyAirline CEO----Any Float including Garbage Bag if it can keep Tony above WaterLine for another 6 months
07/11/2023 10:17 AM

https://domecafe.com.my/domemenu/

DOME MENU

Post removed.Why?

Batikman told every Tom, Dick, and Harry to steamline Berjaya group business bjcorp should take bjland private. But the moustache man did not do so but sold down bjcorp holding in bjland to comply with shareholders spread.

I already give up on Bjcorp and Bjland.

You must differentiate what is liquid and illiquid assets and how many % controlling shareholder and PAC is holding.

If controlling shareholder already hold more than 50% like in MUI case then minority shareholders have no chance to unlock value since controlling shareholders is in total controlled.

Insas case is different liquid assets Net Financial assets: RM 1,418,421,000 and Insas still hold 537,008,575 inari share (one of Insas associate company) and 1,215,718,665 M&A an effective holding of 60.83% subsidiary company of Insas.

The controlling shareholders Dato Sri Thong and PAC only officially hold 32.96%. So in theory if anyone have a deep pocket he can accumulate insas share from open market to wrest control from Dato' Sri Thong and become the new controlling shareholder and unlock Insas value.

StartOfTheBull are you also holding JAKS?

Post removed.Why?

I think Santan cafe is more empty than Dome. By the way I have try Dome cafe KLIA II it is not that bad many choice of food and beverage.

I think what wrong on Dome is the name.

TBB will hold capA before covid 19 and will still dumb dumb hold capA till suspension and delist. There is no value investing from TBB. He is just a thick skin trying to hold on the icap management and earned his undeserved management fees.

Post removed.Why?

Dome is managed by Melium Group. Insas actually welcome any SDN BHD with a viable business to approach them for seed money and financial support to expand them (to a certain size) with the aim of listing them once they are able to qualify for listing. After listing then the listed entity will tap into capital market for further expansion independent on Insas.

Dome is managed by Melium Group. Insas actually welcome any SDN BHD with a viable business to approach them for seed money and financial support to expand them (to a certain size) with the aim of listing them once they are able to qualify for listing. After listing then the listed entity will tap into capital market for further expansion independent on Insas.

Insas is a public listed company as you can buy and sell Insas shares in open market. This is fact and Dato' Sri Thong and PAC officially only owned 32.96% is also a fact and Insas cannot do further SBB as this will trigger 33% MGO threshold is also a fact.

Insas Net Financial assets:RM 1,418,421,000 is also fact as it is subject to yearly audit.

Insas still hold 537,008,575 inari share (one of Insas associate company) and 1,215,718,665 M&A an effective holding of 60.83% subsidiary company of Insas.

What I trying to say is Market can never be efficient, that is why we are here to take advantage of market inefficient. But remember market can be irrational longer than you can remain solvent.

So invest only with your spare cash.

Repost:
let's debate on what geary comment on jaks, shall we?

Posted by geary > Nov 3, 2023 10:45 PM | Report Abuse
Hahaha...Only Swines are easily lured into such good for nothing... company...insiders...outsiders...are scammers... crocodiles n piranhas...KYY already lost millions...after visited Vietnam Power Plant...plus all kena Swindled by Jaks Insiders...!?
Lagi Tak Tahu... that's why all lost until kisiao...anyhow defecating n urinating in i3...🤮😷

FY2023
RM'000
Interest income from:-
 - deposits and cash balances with
  licensed banks and financial
  institutions 21,500

If the market is efficient what should be Insas share price?

Market Cap: 603 Million
NOSH: 693 Million
Avg Volume (4 weeks): 155,514
4 Weeks Range: 0.855 - 0.89
4 Weeks Price Volatility (%): 42.86%
52 Weeks Range: 0.75 - 0.93
52 Weeks Price Volatility (%): 66.67%

ORDINARY SHARES
Number of shares issued : 663,020,762 (excluding 30,327,291 treasury shares)
Class of shares : Ordinary shares
Voting rights : One vote per ordinary share

https://klse1.i3investor.com/blogs/Sslee_blog/2023-11-05-story-h-215950673-INSAS_Questions_for_Insas_61th_AGM.jsp

Questions for Insas coming 61th AGM

Dividend Policy
Referring:
https://www.nst.com.my/business/corporate/2023/10/962455/icapitalbiz-p...
KUALA LUMPUR: icapital.biz Bhd (ICAP) is introducing a dividend policy to proactively narrow the gap between share price and net asset value (NAV) and possibly bring its share price back to trade at a premium, just as it did during the first three years as a listed company
The dividend policy, subject to market and economic conditions and ICAP's value, will be on a base rate of one percent of the NAV per share plus eight per cent of the difference between ICAP's share price and the NAV.

Question 12: ICAP is introducing a dividend policy to proactively narrow the gap between share price and net asset value (NAV). May I know the reasons why Insas BOD had yet to implement a dividend policy to proactively narrow the gap between Insas share price and Insas Net Assets Per-Share of RM 3.53 as at 30/6/2023?

Dividend:
In many of previous AGM BOD reason to keep the earning in financial assets is to support M&A Securities financial need of stock broking, share margin financing, collaterised trading, corporate finance advisory, underwriting and placement of securities (IPO, PP and M&A activities)

Referring to Insas EGM key matters discussed: The rationale for the RTO exercise is to unlock the value of Insas’ investment in M&A Securities by monetizing and securitizing the shares in M&A Securities via SYF. This will enable M&A Securities as a separate listed entity under SYF:
(a) to raise its future funding requirement through the capital market independently from Insas.
Question 10: My congratulations to BOD for successful listing of M&A Securities thro’ RTO and M&A Securities is now a separate listed entity that can raise its future funding requirement through the capital market independently from Insas.
Will BOD kindly reward Insas shareholders with a fairer, equitable and better yearly dividend since the reason to provide financial support to M&A securities is now solved?

AR 2023 Page: 10
FIVE YEARS GROUP FINANCIAL HIGHLIGHTS
Equity Attributable to Owners of the Company had growth from RM 1,739,358,000 FY 2019 to RM 2,342,233,000 FY 2023 with retained earnings RM 1,419,807,000.
As at 30/6/2023 AR2023 Page: 204
FINANCIAL INSTRUMENTS
Financial assets
RM’000
Financial assets at fair value through other comprehensive income: 34,529
Trade receivables: 485,504
Amount due from associate companies: 58,315
Amount due from jointly controlled entities: 660
Other receivables and deposits paid: 57,710
Financial assets at fair value through profit or loss: 222,832
Deposits with licensed banks and financial institutions: 943,505
Cash and bank balances: 104,747
Total: 1,907,802

Financial liabilities
Derivative financial liabilities: 3,634
Trade payables: 74,537
Other payables, deposits received and accruals: 39,627
Loans and borrowings: 242,961
Redeemable preference shares: 128,622
Total: 489,381
Net Financial assets: 1,418,421

With Equity Attributable to Owners of the Company RM 2,342,233,000 of which retained earnings is RM 1,419,807,000 and of the retained earnings the Net Financial assets is RM 1,418,421,000.
Question 11: Return of Equity (%): FY2023 a poor 5.2% is not the fault of Insas Management Team but mainly due to BOD keep too much retained earnings (Equity keep growing) and hence will BOD kindly rectify the imbalance by distribute portion of the retained earnings to shareholders in the form of special dividend?

Post removed.Why?

Many news article never read the fine print on the detail what are included inside Direct and deemed interest by virtue of his family members’ interest and his substantial interest in:

Allow me to repost:

1. Dato’ Sri Thong KokKhee * 166,064,962 25.05 %
* Direct and deemed interest by virtue of his family members’ interest and his substantial interest in
- M&A Investments International Limited,
- Immobillaire Holdings Sdn Bhd,
- Baktihan Sdn Bhd,
- Winfields Development Sdn Bhd and
- Montprimo Sdn Bhd.

2. M & A Investments International Limited 124,420,289 18.77

3. Dato’ Thong Kok Yoon ** 74,203,648 11.19%
** Direct and deemed interest by virtue of his family members’ interest and his substantial interest in
- Perak Traders Holdings Sdn Bhd and
- Baktihan Sdn Bhd.

5. M & A Nominee (Tempatan) Sdn Bhd 21,746,400 3.28
- Baktihan Sdn Bhd

Note: Baktihan Sdn BHD hold 3.28% insas share which was included in Dato’ Sri Thong KokKhee * 166,064,962 25.05 % * Direct and deemed interest and so is M & A Investments International Limited 124,420,289 18.77% included into Dato' Sri thong Kokkhee deemed interest.

Baktihan Sdn BHD 3.28% insas share was also included into Dato’ Thong Kok Yoon ** 74,203,648 11.19% ** Direct and deemed interest.

Hence Dato’ Sri Thong Kok Khee + Dato’ Thong Kok Yoon deemed interest: 25.05 +11.19 - 3.28 = 32.96%

Is another RI coming with billion in share and free warrants just to raise cash of RM 200 million?

Just wonder why Kossan boss want to buy into Bjcorp. He should take over and privatise insas and make Inari an associate company of Kossan and M&A a subsidiary company of Kossan