Come 7 Oct 2023, if Bursa reject the request for third extension and proceed to suspend and delist capitalA then Stony/capA will drop/fall/sink like a stone.

Now Everyone Can Cry Loudly......that's Avenger Tony Stony's slogan

Repost:
Stock: [JAKS]: JAKS RESOURCES BERHAD
Jul 18, 2023 1:24 PM | Report Abuse

Dun be silly!!
Its highly affordable.
=> Everybody only pays less than 10% of amount borrowed and all overdue interest is cancelled ....
... after company goes PN17


Posted by Sslee > 2 days ago | Report Abuse

LSS4 IRR is a poor single digit.
With borrowing of RM220 million and at increase interest payment will Jaks Solar Nibong Tebal make any profit?

JAKS Solar Nibong Tebal (JAKS Solar), a wholly-owned subsidiary of JAKS Resources, obtained a RM112.5 million (US$26.5 million) financing facility from AmBank Islamic in March 2022 as part of a multilateral financing facility worth RM220 million (US$51.82 million)

Repost:
Stock: [JAKS]: JAKS RESOURCES BERHAD
Jul 18, 2023 1:24 PM | Report Abuse

Dun be silly!!
Its highly affordable.
=> Everybody only pays less than 10% of amount borrowed and all overdue interest is cancelled ....
... after company goes PN17


Posted by Sslee > 2 days ago | Report Abuse

LSS4 IRR is a poor single digit.
With borrowing of RM220 million and at increase interest payment will Jaks Solar Nibong Tebal make any profit?

JAKS Solar Nibong Tebal (JAKS Solar), a wholly-owned subsidiary of JAKS Resources, obtained a RM112.5 million (US$26.5 million) financing facility from AmBank Islamic in March 2022 as part of a multilateral financing facility worth RM220 million (US$51.82 million)

Repost:
Just look at 31 Dec 2019 NTA of RM 1.33 to 30/6/2023 NTA of RM -2.01.
Will Bursa allow shareholoders' equity of RM negative 8,390,820,000 to continues listing status?

Or do you believe Stony can come out with PN17 regularisation plan to turn capitalA shareholoders' equity of RM negative 8,390,820,000 to positive RM 40 million+ to uplift CapitalA from PN17 status on or before Bursa deadline of 7 Oct 2023?

As one intends and acts, so does one become: one becomes virtuous by virtuous action, and evil by evil action

So what is the intention of someone everyday hanging slander/fitnah banners everywhere and promote jaks day and night?

The Buddha defined karma as intention; whether the intention manifested itself in physical, vocal or mental form, it was the intention alone which had a moral character: good, bad or neutral. As one intends and acts, so does one become: one becomes virtuous by virtuous action, and evil by evil action

https://klse.i3investor.com/blogs/Sslee_blog/2019-12-28-story-h1481948233-Food_of_thought_for_the_coming_year_2020_Karma.jsp

What Karma mean?

Repost for fact check:
Since jaks granted 70,500,000 ordinary shares (“LTIP Shares”) SG. Share grant on 10 july 2023 hence RM12.69M of LTIP expenses will only be charged to Q3 2023 under other operating, administrative expenses.
Hence Q3 2023 NP will be Q to Q and Y to Y drop

Based on past 4 years norm jaks Q4 2023 another Q to Q and Y to Y drop due to impairment on trade and other receivables and impairment loss on goodwill.

This is what happen the past 4 years.
12 months end 31/12/22: 12 months end 31/12/21
RM'000: RM'000
Impairment Loss on Goodwill 29,000: 23,636
Allowance for impairment of receivables 22,833: 20,348

12 months end 31/12/20: 12 months end 31/12/19
RM'000: RM'000
Impairment Loss on Goodwill 52,000: 20,365
Allowance for impairment of receivables 69,507: 12,490

No bank wants to lend anymore money to Jaks so Jaks every year either PP or RI

Question when will be the next PP or RI and at what price?
Ann. Date
Date
Type
Units
Price
View
07-Sep-2023 08-Sep-2023 Private Placement 80,014,700 0.180 Additional Listing Detail
26-May-2023 29-May-2023 Private Placement 129,017,000 0.185 Additional Listing Detail
30-Jun-2021 01-Jul-2021 Private Placement 272,667,000 0.475 Additional Listing Detail
27-May-2019 28-May-2019 Private Placement 58,465,313 0.700 Additional Listing Detail
29-Mar-2018 30-Mar-2018 Private Placement 49,631,200 1.380 Additional Listing Detail
23-Mar-2017 24-Mar-2017 Private Placement 43,836,100 1.360

13-Oct-2020 26-Oct-2020 RIGHTS_ISSUE Rights Issue 8.0000 : 5.0000
05-Nov-2018 16-Nov-2018 RIGHTS_ISSUE Rights Issue 1 : 2

On June 3, Syed Mokhtar, via his private vehicle Seaport Terminal (Johore) Sdn Bhd (STJSB) which owns a controlling 51.76% stake in MMC, announced that he plans to take the company private via an SCR exercise at RM2 per share.

The last time when Syed Mokhtar SCR MMC at RM2.00 and I do not know why on certain days someone sold down to below RM 1.80. I just collect more below RM 1.80 because I know the EGM will surely approve the deal.

As of Kuala Lumpur Kepong Bhd (KLK) has entered into a letter of agreement with Boustead Holdings Bhd (BHB) and the Armed Forces Fund Board (LTAT) to agree for the cut-off date for a strategic collaboration agreement (SCA) to be Sept 22 or such other date as may be agreed in writing between KLK, BHB and LTAT.

Will the SCA become effective/unconditional/legally binding is still uncertain as market talk is KLK overpaid for Bplant and you know Malaysia politicianss are having a field day turning the deal into racial issue.

By the way for pure plantation stocks you just need to know the FFB havest for the quarter, total borrowing the company have and MPOB spot price monthly average to know what the quarter result will be.

KLK is not paying for the Bplant plantation business but paying a high premium for the freehold plantation land Bplant have.

LTAT need the money and yearly dividend thus previously Bplant just sold some valuable land to report few hundred millions disposal gain to pay good dividend.
Note: Company Act 2016 only allow dividend payment from profit unlike previously Bplant can even borrow money to pay good dividend

Bplant palm trees are old and need Capex for replanting.

So whether to sell Bplant now or hold on is a decision you need to make yourself.

Johnchew5 

C) Borrowings = RM 3.69 Billion
Increased by RM 780 million … Sot2Lee lend ke ???
AAX Borrowing over RM 6.0 Billion is settled … Why ah , Sot2Lee ???
16/09/2023 7:35 AM

Fact check.
Whoever wrote AAX Borrowing over RM 6.0 Billion is settled … is definately a conman using exact same modus operandi as Serba fraud group punya postings beware he just want to dump his holding to you.

No finance institutions/banks are crazy enough to lend RM 6 billion to AAX.

AAX/Stony is very good at creative accounting to clasify lease liabilities as current borrowing. By the way that amt included lease termination claims of RM 6.029 billion which AAX offer to settle with final payment of 0.5% of debts.

Pity the AAX customers money in advance sales of RM 517 million only get back 0.5% amt already paid to AAX.


AAX
24. Borrowings
As at 31/12/2021
RM'000
Term loans: 294,680
Hire purchase: 8
Lease liabilities: 6,534,640
Current: 6,829,328

CapitalA
21. Borrowings
As at 30/6/2023
RM million
As at 31/12/2022
RM million
Short term
Term loans 428.0 233.6
Revolving credit 16.0 31.8
Convertible loan note 280.9 265.6
725.0 531.0

Long term
Term loans 1,760.7 1,302.4
Other facility 456.4 447.8
RCUIDS 747.2 655.5
2,964.2 2,405.7
Total 3,689.2 2,936.7

The currency profile of borrowings are as follows:
As at 30/6/2023
RM million
As at 31/12/2022
RM million
Ringgit Malaysia 962.6 901.8
US Dollar 1,934.1 1,735.1
Philippine Peso 86.9 83.1
Thai Baht 660.7 172.8
Indonesian Rupiah 45.2 43.9
3,689.2 2,936.7

Repost
Posted by Sslee > Sep 16, 2023 8:50 AM | Report Abuse X

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 check the blog above on the creditors of AAX. CapA is one of the many creditors of AAX then. And AAX do not have Borrowing over RM 6.0 Billion

Whoever wrote AAX Borrowing over RM 6.0 Billion is settled … is definately a conman using exact same modus operandi as Serba fraud group punya postings beware he just want to dump his holding to you.

Johnchew5 

C) Borrowings = RM 3.69 Billion
Increased by RM 780 million … Sot2Lee lend ke ???
AAX Borrowing over RM 6.0 Billion is settled … Why ah , Sot2Lee ???
16/09/2023 7:35 AM

No finance institutions/banks are crazy enough to lend RM 6 billion to AAX.

Stony is very good at creative accounting to clasify lease liabilities as current borrowing. By the way that amt included lease termination claims of RM 6.029 billion which AAX offer to settle with final payment of 0.5% of debts.

Just pity the AAX customers money in advance sales of RM 517 million only get back 0.5% amt already paid to AAX.

AAX
24. Borrowings
As at 31/12/2021
RM'000
Term loans: 294,680
Hire purchase: 8
Lease liabilities: 6,534,640
Current: 6,829,328

AAX
24. Borrowings
As at 31/12/2021
RM'000
Term loans: 294,680
Hire purchase: 8
Lease liabilities: 6,534,640
Current: 6,829,328

The different between Serbadk and capA is serbadk hide their faked profit in inventories, receivables and PPE assets whereas capA only fine tune the account to give an impression of very positive cash flow but their balance sheet tell the truth story.

No finance institutions/bank are crazy enough to lend RM 6 billion to AAX.

Stony is very good at creative accounting to clasify lease liabilities as current borrowing. By the way that amt included lease termination claims of RM 6.029 billion which AAX offer to settle with final payment of 0.5% of debts.

Just pity the AAX customers money in advance sales of RM 517 million only get back 0.5% amt already paid to AAX.

22. Borrowings
As at 30/06/2021
RM'000
Term loans: 292,916
Hire purchase: 13
Lease liabilities: 6,082,313
Current: 6,375,242

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 check the blog above on the creditors of AAX. CapA is one of the many creditors of AAX then. And AAX do not have Borrowing over RM 6.0 Billion

Whoever wrote AAX Borrowing over RM 6.0 Billion is settled … is definately a conman using exact same modus operandi as Serba fraud group punya postings beware he just want to dump his holding to you.

Johnchew5 

C) Borrowings = RM 3.69 Billion
Increased by RM 780 million … Sot2Lee lend ke ???
AAX Borrowing over RM 6.0 Billion is settled … Why ah , Sot2Lee ???
16/09/2023 7:35 AM

KUALA LUMPUR (Sept 11): Kuala Lumpur Kepong Bhd (KLK) has entered into a letter of agreement with Boustead Holdings Bhd (BHB) and the Armed Forces Fund Board (LTAT) to agree for the cut-off date for a strategic collaboration agreement (SCA) to be Sept 22 or such other date as may be agreed in writing between KLK, BHB and LTAT.

When the SCA become effective/unconditional/legally binding then Bplant shareholders will receive KLK offer letter at RM 1.55

It will most likely have the same result as Serbadk suden collapse when Amanah, PNB, Tabung haji and etc start to exit capA come 7 Oct 2023.

Guess who will then become pearlwhite of capA?

The different between Serbadk and capA is serbadk hide their faked profit in inventories, receivables and PPE assets whereas capA only fine tune the account to give an impression of very positive cash flow but their balance sheet tell the truth story.

2Q2023 Current liabilities RM 14,208,631,000, current assets RM 2,269,900,000 thus net current liabilities RM (11,938,731,000), CapA is an insolvent company

As at 30/6/2023
Deposits, bank and cash balances: RM 735,003,000
Sales in advance: RM 2,024,943,000
Current borrowing: RM 724,973,000
Non current borrowing: RM 2,964,246,000
Short term debentures: RM 98,156,000
Current portion of long term debentures: RM 186,741,000
Non-current portion of long term debentures: RM 194,722,000

Current trade and other payables: RM 3,936,316,000

CapA is more and more insolvent as at 30/6/2023, taking in more and more borrowing, advance sales, trade and other payables just to activate more planes.

Anyway who am I to tell other people what to do? Willing buyers, willing sellers.
Wish all the best.

No wonder people sell down Bplant and bought Jtiasa

BOUSTEAD PLANTATIONS BERHAD
Type Announcement
Subject MONTHLY PRODUCTION FIGURES (MINING / PLANTATION / TIMBER)
Description Monthly Crop Figures for August 2023
MONTH TODATE
BOUSTEAD PLANTATIONS BERHAD 71,417.85 509,577


Stock: [JTIASA]: JAYA TIASA HOLDINGS BHD
Sep 15, 2023 2:35 PM | Report Abuse

FFB Production
Jan: 69,891
Feb: 58,983
Mar: 61,486
3 months: 190,360

Apr: 61,312
May: 78,585
Jun: 84,751
3 months: 224,648

July: 110,269
Aug: 120,312
Sept:
3 months

By the way i3lurker 5 working days has passed since I send my email to Bursa and CapA IR on:
Subject: Please investigate CapitalA increase effective stake from 40% to 100% in Philippine Air Asia

I already receive reply from Bursa but why Bursa did not question capA on the deal and disclosure requirement by Bursa’ rules and regulations on ACQUISITIONS AND DISPOSALS?

We have escalated the complaint to our line department concerned for their further action. The assessment into the matter you highlighted may take time, depending on the complexity of the issues raised. However, we will undertake the necessary actions to ensure that your complaint is looked into accordingly and will take the necessary enforcement actions if there is any breach of Listing Requirements.

As we do not play the role of ombudsman nor do we conduct arbitration, in the event of conflicts or financial losses, the aggrieved parties need to file the claims through the appropriate legal process in court.

We will also make the necessary referral to other relevant authorities should we come across any potential breaches of other regulations / Acts (other than the Listing Requirements).

i3lurker,
No one leaving because Stony is such a sweet talker. By the way all are welcome to give their 2 cents on capA

As at 30/6/2023
Deposits, bank and cash balances: RM 735,003,000
Sales in advance: RM 2,024,943,000
Current borrowing: RM 724,973,000
Non current borrowing: RM 2,964,246,000
Short term debentures: RM 98,156,000
Current portion of long term debentures: RM 186,741,000
Non-current portion of long term debentures: RM 194,722,000

Current trade and other payables: RM 3,936,316,000

CapA is more and more insolvent as at 30/6/2023, taking in more and more borrowing, advance sales, trade and other payables just to activate more planes.

Without fuel hedging, sales in advance is a double edge sword. Q3 another loss making quarter coming.

But first can capA clear the PN17 regularisation plan submit deadline of 7 Oct 2023?

Post removed.Why?

Repost:
Is that sooooooo stupiiiiiiid someone cannot read nor understand what I posted on:
M&A Securities SDN BHD financial highlight: A 100% holding of Insas before RTO of SYF.

FYE 30 June
2019 2020 2021 2022
RM’000 RM’000 RM’000 RM’000
Revenue 26,314 36,978 68,906 48,541
Other items of income
15,791 18,646 33,291 28,900
Items of expense (33,353) (42,855) (77,420) (54,632)
PBT 8,752 12,769 24,777 22,809
PAT 6,552 9,172 18,764 17,916

Can anyone understand english kindly explain to sooooo stupiiiiiid why staff expense increase in 2021?

RI of Insas-PB with free Insas-WC is a way to reward shareholders. You can either sell your entitlement or subscribe for the RI
I subscribe for my RI entitlement with 10% excess application and later sold the WC for a 6 digit gain.

Someone is very jeleous I make 6 digit gain from the WC.
Recently bought back some WC because history will repeat again. In the past someone promote PA, and WC rocket pass PA. Now that someone day and night promote Jaks hence WC will/shall rocket pass Jaks soon.

去年同期脱售联号公司所有股权录得1亿3130万令吉一次性收益，托高了对比基数
One-off exceptional gain on deemed disposal of equity interest in associate companies of RM 131.3 million.
Do anyone know what is deemed disposal?

Associated co - Inari completed private placement of 10% share at RM 3.10, way above its NTA per share, & insas needs to account for its equity accounting (Inari) share of share capital/reserve increase of RM 131.3 million, purely accounting treatment in compliance with FRS. Non cash flow but increase in assets.
Balance sheet the non current asset associate companies value increase by RM 131.3 million.

Did someone know Jaks every year PP way below NTA?

Insas still hold 537,008,575 inari share (associate company) and
1,215,718,665 M&A an effective holding of 60.83% subsidiary company of Insas.
Know what is the market value of 537,008,575 inari share and 1,215,718,665 M&A share?
Know insas yearly dividend income from Inari alone?

Since when a car rental business in Singapore is profitable?
Someone must be smart to dispose capitalA for disposal gain before Covid-19 strike. Only dumb dumb hold Icapital TTB still holding capitalA before covid-19 untill now. Most likely TTB will still dumb dumb hold capitalA till suspension and delist

By the way Omesti is not an Associate company of insas: In balance sheet it is one of many equity investment held in current assets: Financial assets at fair value through profit or loss, as at 30/6/2023 that assets at mark to market value: RM 222,832,000

As at 30/06/2023
NAPS: RM 3.53
Deposits with licensed banks and financial institutions: RM 943,505,000
Cash and bank balances: RM 104,747,000
Total: RM 1,048,252,000
Less:
Cash and bank balance pledged: RM (2,376,000)
Fixed deposits pledged: RM (233,801,000)
Free Fixed deposits and cash and bank balance: RM 812,075,000

FFB Production
Jan: 69,891
Feb: 58,983
Mar: 61,486
3 months: 190,360

Apr: 61,312
May: 78,585
Jun: 84,751
3 months: 224,648

July: 110,269
Aug: 120,312
Sept:
3 months :

JAYA TIASA HOLDINGS BHD

Type Announcement
Subject MONTHLY PRODUCTION FIGURES (MINING / PLANTATION / TIMBER)
Description MONTHLY CROP PRODUCTION
The Company wishes to announce the crop production of the Group for the month of August 2023 as follows. There is no logs production in August 2023.

Product Production
Fresh Fruit Bunches 120,312 metric tonnes
Crude Palm Oil 23,324 metric tonnes
Palm Kernel 5,328 metric tonnes


This announcement is dated 15 September 2023.

MPOB CPO average Aug price RM 3,805/MT

Date Open Range Close Change Volume
14/09/2023 0.955 0.955 - 1.01 1.01 +0.06 (6.32%) 65,935,100
13/09/2023 0.875 0.875 - 0.965 0.95 +0.08 (9.20%) 56,644,300

Last Price Today's Change Day's Range Trading Volume
1.01 0.00 (0.00%) 0.99 - 1.02 13,749,300

If afternoon volume remain low, you should know what has happen.

Repost
Stock: [JAKS]: JAKS RESOURCES BERHAD
Aug 24, 2023 1:57 PM | Report Abuse

If someone do not know how pump and dump syndicate work.
The so stupiiid just explain how it work:

Posted by Johnchew5 > Aug 24, 2023 1:34 PM | Report Abuse
Syndicate holding ard 17 million share distribution left right piling at foundation no 0.201 :
Daily Range : 0.195 to 0.21

Posted by Johnchew5 > 20 hours ago | Report Abuse
Hoho Syndicate have additional 10 million share distributions left right today ..
Let’s see piling at foundation no 0.209 will take how long ? This week got Fish MA200 swimming or not ???

BobAxelrod Sslee, this issue already up in Parliament sitting this week........
15/09/2023 12:00 PM

So there are still possibility the strategic collaboration agreement (SCA) between KLK, BHB and LTAT may change.

The below mean Sept 22 or such other date as may be agreed in writing between KLK, BHB and LTAT the strategic collaboration agreement (SCA) will come into effect.

KUALA LUMPUR (Sept 11): Kuala Lumpur Kepong Bhd (KLK) has entered into a letter of agreement with Boustead Holdings Bhd (BHB) and the Armed Forces Fund Board (LTAT) to agree for the cut-off date for a strategic collaboration agreement (SCA) to be Sept 22 or such other date as may be agreed in writing between KLK, BHB and LTAT.

In a filing on Monday, KLK said all the other provisions contained in the SCA shall remain unchanged and be in full force and effect.

KLK on Aug 24 announced a plan to acquire a 33% stake plus one share in Boustead Plantations Bhd (BPlant), buying the shares from the Armed Forces Fund Board (LTAT) and its flagship, the recently privatised BHB.

KLK will pay RM1.55 per share or RM1.15 billion in cash to LTAT and BHB and undertake a mandatory general offer.

The plan is for KLK to own 65% of BPlant, while LTAT and BHB will control the remaining 35%.

And at the offer close date if total acceptance result in join offerors holding more than 90% then madatory force acquisition of remaining share and Bplant delist from Bursa.

If total acceptance result in join offerors holding less than 90% then Bplant remain listing in Bursa.

(2) The Proposed Offer will not be conditional upon any minimum level of valid acceptances of the Offer Shares as the Joint Offerors will hold more than 50% of the voting shares of BPlant upon completion of the Proposed Acquisition.

The MGO offer is now unconditional mean Bplant shareholders who receive the KLK offer letter and accept the offer price of RM 1.55 will be paid RM1.55 when offer date close.

By right Bplant should appoint an advisor to advise Bplant shareholders whether the offer price is fair/unfair, reasonable/unreasonable and to accept or reject the offer.

Did KLK already send out the offer letter to Bplant shareholders?

KUALA LUMPUR: Mercury Securities Group Berhad, the first stockbroking company to seek and gain an initial public offering (IPO) listing in Bursa Malaysia in the last 20 years, expects to raise RM39.27 million through the issuing of 157.09 million shares at 25 sen per share.

The company released its prospectus in conjunction with its initial public offering (IPO) and listing on Bursa Malaysia's ACE Market.

Know what is the different between ACE and Main Market?

Pursuant to this RTO exercise, SYF will raise RM97 million from the Proposed Rights Issue and Proposed Restricted Issue which will strengthen the financial position of M&A Securities, and we are cautiously optimistic that M&A Securities will grow and expand further its core businesses and its financial performance moving forward.

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;
(b) expand its customer base; and
(c) attract, retain and reward talented employees from the financial services
industry to further grow and expand the M&A core businesses

Someone not even know Insas previously fully owned M&A Securities Sdn Bhd RTO SYF listing status and rename M&A.

As at 31/12/2022
Deposits, bank and cash balances: RM 469,985,000
Sales in advance: RM 1,428,011,000
Current borrowing: RM 530,958,000
Non current borrowing: RM 2,405,756,000

Current trade and other payables: RM 2,878,562,000

As at 30/6/2023
Deposits, bank and cash balances: RM 735,003,000
Sales in advance: RM 2,024,943,000
Current borrowing: RM 724,973,000
Non current borrowing: RM 2,964,246,000
Short term debentures: RM 98,156,000
Current portion of long term debentures: RM 186,741,000
Non-current portion of long term debentures: RM 194,722,000

Current trade and other payables: RM 3,936,316,000

Can't help but agree with i3lurker, CapA is more and more insolvent as at 30/6/2023 compare to as at 31/12/2022. Taking in more and more borrowing, advance sales, trade and other payables just to activate more planes. Is this sustainable?

i3lurker CapA is insolvent.
CapA is even more insolvent than Serba ever was.
Enjoy the share party now before its too late just like Serba.

There is no correlation between share price and bankruptcy during the BOOM, refer also Enron, Serba and Transmile.
14/09/2023 9:35 PM

Posted by geary > Sep 14, 2023 6:33 PM | Report Abuse
Patient Investor
Equity being negative is fine as long the company able to generate free cash flow that is higher than finance interest + repayment.
Yup! From a Chartered Accountant, who has 2+decades, in corporate financial statements, not easy to compute those money flowing in n flowing out.

So as Chartered Accountant, who has 2+decades, in corporate financial statements what is below tell you about CapitalA? More borrowing? Or cash flow is higher than finance interest + repayment?

Cash flows from financing activities cumulative 6 months end 30/6/2023:
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


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)

2Q2023 Current liabilities RM 14,208,631,000, current assets RM 2,269,900,000 thus net current liabilities RM (11,938,731,000)
You may as well say the current liabilities is fake and do not need to repay in the next 12 months and you get this information directly from Stony.


T1T4N SSLEE
But as at 30/6/2023:
CapitalA shareholoders' equity is RM negative 8,390,820,000
Relief Measure due to covid= under discretion of BURSA uplifting pn17 (without regularisation plan and partials compliance)

Given 1 year to submit PN17 regularisation plan. Stony failed to do so.

Ask for and grant 6 months extension to submit PN17 regularisation plan. Stony still failed to do so.

Ask for and grant 3 months extension to submit PN17 regularisation plan on or before 7 Oct 2023. This time it is anyone's guess whether Stony will submit the PN 17 regularisation plan on or before 7 Oct 2023?

Is that too much to ask for?

Posted by The_JQuestion > Sep 14, 2023 2:12 PM | Report Abuse
everyone so confident with tony... even CFM the engine manufacturer willing to help him, I have no IDEA what more u can ask...
so hard to satisfy some people :)) .. some nvr satisfied, always grumpy always finding fault never end ,, ignore toxicity and embrace positivity :)) = UP UP AND TAKE OFF!

AAX shareholders' equity already more the RM40+ million hence:
"AirAsia X Berhad (“AAX”) is seeking a relief from Bursa Malaysia Securities Berhad (“Bursa Securities”) to exempt the airline from the requirement to submit a Proposed Regularisation Plan as required under Paragraph 8.04(3)(A) of the Main Market Listing Requirements (“MMLR”) of Bursa Securities (“Proposed Relief”). Subsequently the airline is also seeking the upliftment of AAX from being classified as a Practice Note 17 (“PN17”) Affected Listed Issuer (“PN17 Upliftment”). "

But as at 30/6/2023:
CapitalA shareholoders' equity is RM negative 8,390,820,000

When the music stop or fat lady sings make sure you are not the one holding the dead cat.

Just remember you have how many trading days before 7 Oct 2023?

If Bursa reject the third request of extension and proceed to suspend the trading of the listed securities of the CapitalA and to de-list the CapitalA in the event CapitalA fails to submit its regularisation plan to the regulatory authorities on or before 7 October 2023, many retail investors will loss their hard earned money, no thank to the IBs analyst, CapitalA IR/Management and i3forumers giving them false hope that very soon CapitalA will be uplifted from PN17.

What is the likelihood that capitalA can come out with PN17 regularisation plan to turn capitalA shareholoders' equity of RM negative 8,390,820,000 to positive RM 40 million+ to uplift CapitalA from PN17 status ?

Post removed.Why?

Posted by EngineeringProfit > Sep 13, 2023 9:33 PM | Report Abuse
Stop attacking Sslee. He's my friend. Just like Tony - all are my friends

Good morning EngineeringProfit,
You are my friend too so are Tony, i3lurker and many more. Many people in this forum do not understand what am I trying to do here is to question everything, thing are not what you see thus do not swallon the word of company IR/Management, IBs analyst and forumers hook, line, and sinker.

Note: Presented with same set of financial figure/data most likely than not Company IR/Management, IBs Analyst and forumers will interpret the figure/data not by their professional unbiased opinion to tell the whole truth but by their biased view bending the truth to accommodate company , IBs or their vested interest narrative as fact
This is why there is this saying “Figure don’t lie, but liars figure”

Repost:Secret to happiness and success

“Happiness and freedom begin with a clear understanding of one principle: Some things are within our control, and some things are not.”

i3ivestor forum comment, house rule (not under my control, so live with it) but you can choose to totally ignore those good for nothing cyber trolls.

In life you are going to come across many type of people so choose who are to be your friends, who to associate with and very important are who to avoid/ignore because your future success will depend on this critical choice

The different between us, is you see answer but I see questions.

Posted by The_JQuestion > Sep 13, 2023 10:59 PM | Report Abuse
i like geary sangat bagus im waiting 1.50 oh yeah !
Cash and equivalent cap A also increased ... 700 mil available. sslee << blind , can't see :)) only know read loss ( he predict loss , I predict profit :))

Question 5: What do you mean/where do you get the information operating cash flow inflow was stable at RM484.9mn, boosting the group’s total cash to RM735mn as at June-23?
As at 31/12/2022
Deposits, bank and cash balances: RM 469,985,000
Sales in advance: RM 1,428,011,000
As at 31/3/2023
Deposits, bank and cash balances: RM 589,594,000
Sales in advance: RM 1,546,450,000
As at 30/6/2023
Deposits, bank and cash balances: RM 735,003,000
Sales in advance: RM 2,024,943,000

Question 6: As at 30/6/2023: Deposits, bank and cash balances: RM 735,003,000. Sales in advance: RM 2,024,943,000. May I ask, using the advance sales/future revenue for current working capital how will that affect the future cash flow?

Question 7: 2Q2023 Current liabilities RM 14,208,631,000, current assets RM 2,269,900,000 thus net current liabilities RM (11,938,731,000), do you consider CapitalA is an insolvent company?

Hopefully CFM success in the lawsuit and compensate CapitalA RM 10 billion. Then the shareholoders' equity of RM negative 8,390,820,000 become positive RM1.6 billion.

CFM Files Lawsuit After Finding Fake Parts On 68 Engines
BY
LUKE BODELL
PUBLISHED 4 DAYS AGO
The industry is racing to track down the false parts.

SUMMARY
Engine manufacturer CFM International has filed a lawsuit against UK-based supplier AOG Technics for supplying falsely certified components.

CFM says is taking aggressive legal action to identify parts sold by AOG Technics with falsified documentation.

AOG Technics appears to have engaged in deceptive practices, including fabricating certificates and falsifying employee career histories, prompting airlines and regulators to remove parts supplied by the company.
SIMPLEFLYING VIDEO OF THE DAY

Johnchew5 财经新闻
引擎供应商CFM支援 亚航204飞机将全面复航
2023年09月13日

“We look forward to the fourth-quarter results"
That can only mean quarter 3 another bad quarter coming.

It is not over until the fat lady sings

Source : KENANGA
Stock : CAPITALA Price Target : 0.84 | Price Call : SELL
Last Price : 0.96 | Upside/Downside : -0.12 (12.50%)

Ann. Date
Ex Date
Type
Subject
Amount
View
13-Oct-2020 26-Oct-2020 RIGHTS_ISSUE Rights Issue 8.0000 : 5.0000
05-Nov-2018 16-Nov-2018 RIGHTS_ISSUE Rights Issue 1 : 2