At least DickyMe speak the truth. Unlike Satanic Accuser clones speak with a forked tongue to lure more Suiyee Sucker Bilis to chase high

Posted by i3lurker > Aug 21, 2023 2:01 PM | Report Abuse
likely all hundreds of Satanic Accuser clones are dump selling

Posted by DickyMe > Aug 19, 2023 12:07 PM | Report Abuse
"FACTS => People like Dickyme and Serba L@@NGKangKat are "Maddoff type" investors. Just gimme the money."

Yup! That is the ultimate goal of investing

Morning drop 3 cents. So can it be some insiders already know Q2 2023 financial result is not good?

Over the years, we can see the Group keeps participating in loss-making projects (i.e. property investments) and involved in countless of legal tussles. Moreover, it is constantly in need of funds and using equity capital market as a "cash machine" to issue shares via private placement, rights issues and long-term incentive plan, without corresponding growth in its earnings and operating cash flow. The proceeds raised of RM587 million from the shareholders since FYE2017 is much higher than the RM400+ million market capitalisation.

Market Cap: 469 Million
NOSH: 2,290 Million
Avg Volume (4 weeks): 10,362,570
4 Weeks Range: 0.185 - 0.21
52 Weeks Range: 0.17 - 0.34

Just wait for CapitalA Q2 2023 result out and if a net loss quarter how will makert react to the result?

Similarly if by 7 Oct 2023 CapitalA still cannot submit the PN17 regularisation plan to Bursa and Bursa reject the third request for extension and procced to suspend and delist CapitalA then what will market react?

https://simpleflying.com/thai-airasia-forex-losses-wipe-out-q2-profits/

Thai AirAsia Forex Losses Wipe Out Q2 Profits
BY
MICHAEL DORAN
PUBLISHED 20 HOURS AGO

Last week the sole shareholder of Thai AirAsia, Asia Aviation Plc (AAV) announced its operational results for Quarter 2 of 2023 (2Q2023). For the second quarter, Thai AirAsia (TAA) generated total revenue of THB10.39 billion ($292 million), a gain of 275% from 2Q2022 and 6% from the first quarter of this year. Q2 Gross Profit was reported at THB998.2 million ($28m), a year-on-year increase of 143%.

The turnaround was attributed to the robust recovery of the tourism industry and the positive impact of China reopening its market earlier this year. AAV also said that strong and continuous management of its expenses added to the result. EBITDA increased to THB1.82 billion ($51.2m), but due to the depreciating Thai Baht at the end of Q2, the company was hit by unrealized foreign exchange losses and reported a net loss of THB1.012 billion ($28.5m) for 2Q2023.

TAA reported a net loss of THB1.012 billion ($28.5m) for 2Q2023.

Wonder what will be CapitalA Q2 2023 result?

Listing Date 10-Jul-2023
New type/class? No
Type Others
Details Long Term Incentive Plan - vesting of ordinary shares under Restricted Share Plan - Grant of LTIP
No. of shares issued 70,500,000
Issue Price MYR 0.180
Par Value 0.000
Total NOSH 2,289,834,607

Insider benefited greatly from the RI and PP because insider can just reward themselves with 15% number of share issue (RI and PP so the lowest the price the greater number of share issue the better) as LTIP free grants.

A look like sound like would be an intelligent con will tell you
1) A lease term of a plane can be 10-20 years, let say 15 years as example, latest accounting practice required financial leased asset to be booked in assets and depreciate over 15 years, this impacted income statement under depreciation and incurred expenses /loss but no actual cash outflow.
2) same goes to maintenance provision required AA recognized in balance sheet as liability and expenses as provision in income statement without actual cash outflow.
Because lease contract & accounting practice said u must recognize all the maintenance provision in ur book now, despite the expenses will only incurred in 2030. This is why 5b provision in balance sheet, but no cash spending for NOW. 5b provision covers from 2023 - 2043 maybe, so I said the amt inflate liability and accumulated loss.

But the Fact:
1. In Q1:
Depreciation on right of use asset: RM 326,002,000
Finance cost- lease liabilities: RM 169,084,000
From cashflow: Repayment of borrowing and lease liabilities: RM (373,975,000)

To the unaudited Consolidated Financial Statements for the period ending 31 March 2019:
(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 cashflow from operating activities, are classified as “net cashflow used in financing activities” for repayment of principal of lease liabilities.


2 i) Aircraft maintenance provision: RM 1,627.4 million relates to contractual obligations by the Group to maintain the aircraft during the lease period until redelivery, based on pre-agreed conditions.

(ii) Aircraft maintenance payables: RM 2,082.9 million relate to provision for the Group’s contractual obligations, in a sales and leaseback agreement, to incur on the return of an aircraft in a pre-agreed conditions.

(iii) Aircraft maintenance reserve: RM 2,256.5 million relates to payments made by the lessee subscribing to the engine maintenance programme for agreed maintenance work that has yet to be carried out.

The liabilities of the aircraft provisions/ payables are covered through the Group’s prepaid engine maintenance cost to a service provider as disclosed in Note 18.

Non-current
Prepayments: RM 2,871 million
Current
Prepayments: RM 121.8 million
Prepayments include advances for the purchase of fuel as well as prepaid engine maintenance costs to the service provider.


By the way a so stupiiiiiid con will hang big banner to intimidating and flooding the whole forum with stupiiiid comments and insist lease liabilities is an imagination liabiliatities and can be delete by stroke of pen

We need to live with covid it is or will be just another flu.

Can't wait to see the Q2 result whether any improvement from the last Q1 result. My bet RM 300 million+ foreign exchange lose will eat into whatever fuel cost saving for the quarter?

So open betting table:
Foreign exchange realised and unrealised losses:
A. RM 100 million
B. RM 200 million
C. RM 300 million
D. Above RM 300 million

I am in T20 not from playing Bursa but from working hard and venture out of my comfort zone to advance my career.

So you need to work hard and with a plan/path to advance your career.

The secret to make million from Bursa is you must have a million first so work hard to make your first million.

Just wonder PN17 regularisation plan already twice postpone and still so many Stony fanci believe PN17 can be removed and AA fly to moon.

Have anyone give a thought if CapitalA fail to submit PN17 regularisation plan and Bursa refuse a third extension and proceed to suspend and delist CapitalA then when will happen to CapitalA share price?

Warrant will be a total loss. CapitalA will become private company and shareholders can attend the private company AGM one a year and do bollywood dance steps with Stony

Good morning i3lurker,

Stony justified his many lies as white lies for the good of shareholders, employees and society.

Similarly sharks justified their killing as saving Suiyee Sucker Bilis from their miserable life.

Om mani padme hum
Om mani padme hum
Om mani padme hum

Thanks on real life accounting practice.
Here is a free lesson to you on current liabialities.

CapitalA Q1 end 30/03/2023
Current lease liabilities: RM 4,425,518,000
Current aircrafts maintenance: RM 441,089,000
Current trade and other payables: RM 2,936,242,000
Current amount due to associates: RM 359,096,000
Current amount due to related parties: RM 275,443,000
Current borrowing: RM 513,640,000
Sales in advances: RM 1,546,450,000

Real life accounting implied CapitalA NEXT 12 months operation cash flow will not be able to repay the above current liabilities. Know what will happen then?

Posted by JrWarren > Aug 19, 2023 8:27 PM | Report Abuse
1) Depreciation & amortization are non-cash expenses, so it's fine as no cash outflow. The 5b maintenance in the BS is due to accounting policy which inflated the liability & loss.

I only say Stony is a liar but JrWarren implied 5b maintenance in the BS is due to accounting policy which inflated the liability & loss.
Is this legal?

If PN17 regularisation is so easily done then the queation to ask why?

Given 1 year period to submit PN17 regularisation plan. Failed
Ask for and given 6 months extension to submit PN17 regularisation plan. Failed
Ask for and given 3 months extension till 7 Oct 2023 to submit PN17 regularisation plan.

If fail again then either Bursa give another extension or refuse the request for another extension and proceed to suspend and delist CapitalA from Bursa.

Posted by JrWarren > Aug 19, 2023 8:27 PM | Report Abuse
1) Depreciation & amortization are non-cash expenses, so it's fine as no cash outflow. The 5b maintenance in the BS is due to accounting policy which inflated the liability & loss.

In accounting system you just reclasified aircraft lease expenses to depreciation on right of use asset then it become non-cash expenses.
But under financial activities: Repayment of borrowing and lease liabilities: RM (373,975,000) is a real cash expenses.

So are you saying the maintenance provision, payables and reserve are inflated figure 5.9668 billion?
Then why need Prepayments
Non-current
Prepayments: RM 2,871 million
Current
Prepayments: RM 121.8 million

i) Aircraft maintenance provision: RM 1,627.4 million relates to contractual obligations by the Group to maintain the aircraft during the lease period until redelivery, based on pre-agreed conditions.

(ii) Aircraft maintenance payables: RM 2,082.9 million relate to provision for the Group’s contractual obligations, in a sales and leaseback agreement, to incur on the return of an aircraft in a pre-agreed conditions.

(iii) Aircraft maintenance reserve: RM 2,256.5 million relates to payments made by the lessee subscribing to the engine maintenance programme for agreed maintenance work that has yet to be carried out.

The liabilities of the aircraft provisions/ payables are covered through the Group’s prepaid engine maintenance cost to a service provider as disclosed in Note 18.

Non-current
Prepayments: RM 2,871 million
Current
Prepayments: RM 121.8 million

Prepayments include advances for the purchase of fuel as well as prepaid engine maintenance costs to the service provider.

Someone not even know when is the date M&A securities sdn Bhd reverse takeover SYF bhd and rename M & A EQUITY HOLDINGS BERHAD

So when will M&A Securities Sdn Bhd financial result will be incorporated into M & A EQUITY HOLDINGS BERHAD

If you just talk less no one will know you are so stupiiiiiid🤯

AA is like come, coming and gone. Q2 come, PN16 regularisation plan coming and then gone with suspension and delist.

i3lurker sslee
another reason for this debacle is that Stony knows his own truth.
Stony had never learnt how to move people at a profit
and
Stony had always made profit selling planes ONLY all these years.

until today
you will find that whenever AA moves more people, losses actually increase.

=> move more passengers = more losses for AA

I always believe investing should be a win-win and not a zero sum game.

How wrong can I be that investing is nothing more that a music chair game just make sure you are not the last one holding the dead cat when the music stop.

But wait a minute maybe or hopefully there are still a dead cat bounce.
So it ain't over till the fat lady sing.

Just to make Earnings Before Interest, Tax, Depreciation and Amortisation ("EBITDA") look nicer CapitalA actually moving the operation expenses: aircraft lease expenses to Depreciation: depreciation on right of use asset.

And in cash flow statement:
Cashflow from operating activities : Add back the depreciation + Finance cost- lease liabilities
But in financial activities: Repayment of borrowing and lease liabilities.

So in Q1:
Depreciation on right of use asset: RM 326,002,000
Finance cost- lease liabilities: RM 169,084,000

From cashflow: Repayment of borrowing and lease liabilities: RM (373,975,000)

Is this mean CapitalA did not pay fully Depreciation on right of use asset/aircraft lease expenses: RM 326,002,000 + Finance cost- lease liabilities: RM 169,084,000 and the deficit will be rollover to the next quarter?

Stony actually caught telling lies many time on CapitalA PN17 as accounting issues and can be corrected/rectified easily with his another lies that PN17 regularisation plan coming soon but already postpone two(2) time.

However AA fansi insist Stony is not a liar.

DickyMe Stony is not a liar. He is just trying to survive and uplift the business

DickyMe is telling the truth. Stony is just trying to stay afloat and venture into business that he don't understand but think can uplift the sinking ship.

If LTAT/Bousted holding take Bplant private then it will be a done deal.

But for Boustead Holdings Bhd to divest its 57% stake in Bplant and for new major shareholder to offer VGO is a bridge too far because Bplant carried a lot of political baggage.

It is more easy for Bplant to sell land piecewise report hundred million on disposal gain and give dividend.

Take profit is no a dirty word.
Then you can time your buying again.

Bplant need Capex for replanting and Bplant give good dividend when on and off sell some land and report hundred million in disposal gain.

So what will happen if the takeover did not happen?

And remember PN17 regularisation must be:

In complying with the requirements under paragraph 5.4 above, the PN17 Issuer and its Principal Adviser must demonstrate to the satisfaction of the Exchange, the following: FAQ 8.24
​ ​ ​
​ ​(a) ​the regularisation plan is able to strengthen the financial position of the PN17 Issuer including its securities holders’ equity, gearing, net asset position, cash flow position, and address its accumulated losses position;
​ ​ ​
​ (b)​ ​the steps taken or proposed to be taken are comprehensive and capable of addressing the issues that had caused the PN17 Issuer to trigger the Prescribed Criteria, such that the PN17 Issuer will –
​ ​ ​
​ ​ ​(i) ​no longer trigger any of the Prescribed Criteria upon implementation of the regularisation plan; and
​ ​ ​ ​
​ ​ ​(ii) ​not trigger any of the Prescribed Criteria in the near future;



Criteria that trigger the PN17:
​ ​ ​
2.1​ Pursuant to paragraphs 8.04(2) of the Listing Requirements, where a listed issuer triggers any one or more of the following Prescribed Criteria it must comply with the provisions of paragraph 8.04 and this Practice Note: FAQ 8.17
​ ​ ​
​ ​(a) ​the shareholders' equity of the listed issuer on a consolidated basis is 25% or less of the issued and paid-up capital (excluding treasury shares) of the listed issuer and such shareholders' equity is less than RM40 million; FAQ 8.18
​ ​ ​
​ (b) receivers or managers have been appointed over the asset of the listed issuer, its subsidiary or associated company which asset accounts for at least 50% of the total assets employed of the listed issuer on a consolidated basis;
​ ​ ​
​ ​(c) a winding up of a listed issuer's subsidiary or associated company which accounts for at least 50% of the total assets employed of the listed issuer on a consolidated basis; FAQ 8.19
​ ​ ​
​ (d)​ ​the auditors have expressed an adverse or disclaimer opinion in the listed issuer's latest audited financial statements;
​ ​ ​
​ ​(e) ​the auditors have expressed an emphasis of matter on the listed issuer's ability to continue as a going concern in the listed issuer's latest audited financial statements and the shareholders' equity of the listed issuer on a consolidated basis is 50% or less of the issued and paid-up capital (excluding treasury shares) of the listed issuer; or FAQ 8.18, FAQ 8.20
​ ​ ​
​ ​(f) a default in payment by a listed issuer, its major subsidiary or major associated company, as the case may be, as announced by a listed issuer pursuant to paragraph 9.19A of the Listing Requirements and the listed issuer is unable to provide a solvency declaration to the Exchange

Given 1 year period to submit PN17 regularisation plan. Failed
Ask for and given 6 months extension to submit PN17 regularisation plan. Failed
Ask for and given 3 months extension till 7 Oct 2023 to submit PN17 regularisation plan.
If fail again then either Bursa give another extension or refuse the request for another extension and proceed to suspend and delist CapitalA from Bursa.

Even Stony can't talk the talk and walk the walk and you expect IR to give you the answer on when capitalA can submit the PN17 regularisation plan?

Capital A Bhd is optimistic about its potential growth this year, following a strong rebound in travel demand post Covid, and expects to be out of Practice Note 17 (PN17) status by the end of this year, said chief executive officer Tan Sri Tony Fernandes.

He said the investment holding group, which is involved in aviation, logistics, lifestyle, and financial services ventures, plans to submit its finalised regularisation plan to Bursa Malaysia as early as February.

“We can be out of PN17 status, definitely this year, and I hope much earlier than that. All of the consultants are now going through all the work.

“We hope to submit to Bursa somewhere between February and April. Once we get the approval, then we will go through it,” he told reporters on the side-lines of the airasia Super App rider and driver appreciation event here on Thursday (Jan 12).

Capital A fell into the PN17 list of Bursa Securities, a categorisation for distressed entities, in January 2022.

Know how many time the CapitalA IR/Management mislead IB analyst during analyst briefing given to IB analyst on date of submitting PN17 regularisation plan?

Hope this year AGM will be a physical AGM then I can put forward my argument forva fair and equitable dividend and a dividend policy since Insas do not need to keep the cash hoarding for M&A securities.

Should i push up to break the 52 weeks high to 88 cents?

Post removed.Why?

So tell me can CapitalA come out wirh a regularisarion plan that able to address:

​(a) ​the shareholders' equity of the listed issuer on a consolidated basis is 25% or less of the issued and paid-up capital (excluding treasury shares) of the listed issuer and such shareholders' equity is less than RM40 million; FAQ 8.186

In complying with the requirements under paragraph 5.4 above, the PN17 Issuer and its Principal Adviser must demonstrate to the satisfaction of the Exchange, the following: FAQ 8.24
​ ​ ​
​ ​(a) ​the regularisation plan is able to strengthen the financial position of the PN17 Issuer including its securities holders’ equity, gearing, net asset position, cash flow position, and address its accumulated losses position;
​ ​ ​
​ (b)​ ​the steps taken or proposed to be taken are comprehensive and capable of addressing the issues that had caused the PN17 Issuer to trigger the Prescribed Criteria, such that the PN17 Issuer will –
​ ​ ​
​ ​ ​(i) ​no longer trigger any of the Prescribed Criteria upon implementation of the regularisation plan; and
​ ​ ​ ​
​ ​ ​(ii) ​not trigger any of the Prescribed Criteria in the near future;

So under which criteria CapitalA trigger the PN17?

Criteria
​ ​ ​
2.1​ Pursuant to paragraphs 8.04(2) of the Listing Requirements, where a listed issuer triggers any one or more of the following Prescribed Criteria it must comply with the provisions of paragraph 8.04 and this Practice Note: FAQ 8.17
​ ​ ​
​ ​(a) ​the shareholders' equity of the listed issuer on a consolidated basis is 25% or less of the issued and paid-up capital (excluding treasury shares) of the listed issuer and such shareholders' equity is less than RM40 million; FAQ 8.18
​ ​ ​
​ (b) receivers or managers have been appointed over the asset of the listed issuer, its subsidiary or associated company which asset accounts for at least 50% of the total assets employed of the listed issuer on a consolidated basis;
​ ​ ​
​ ​(c) a winding up of a listed issuer's subsidiary or associated company which accounts for at least 50% of the total assets employed of the listed issuer on a consolidated basis; FAQ 8.19
​ ​ ​
​ (d)​ ​the auditors have expressed an adverse or disclaimer opinion in the listed issuer's latest audited financial statements;
​ ​ ​
​ ​(e) ​the auditors have expressed an emphasis of matter on the listed issuer's ability to continue as a going concern in the listed issuer's latest audited financial statements and the shareholders' equity of the listed issuer on a consolidated basis is 50% or less of the issued and paid-up capital (excluding treasury shares) of the listed issuer; or FAQ 8.18, FAQ 8.20
​ ​ ​
​ ​(f) a default in payment by a listed issuer, its major subsidiary or major associated company, as the case may be, as announced by a listed issuer pursuant to paragraph 9.19A of the Listing Requirements and the listed issuer is unable to provide a solvency declaration to the Exchange

Bankers, institute investors and fund managers deserved to be cheated by SD Karim for their greed.

CapitalA as PN17 companies no bankers, institute investors nor fund managers will take risk to invest in CapitalA as shareholders. Most of CapitalA shareholders are mostly retail investors or Suiyee Sucker Billis. They deserved to be told the truth.


KUALA LUMPUR (Aug 17): Serba Dinamik Bhd may be delisted from the Main Market of Bursa Malaysia on Aug 28, as Bursa Securities has rejected the troubled oil and gas company's application for more time to submit its regularisation plan.

The Practice Note 17 (PN17) company has until Aug 23 to appeal against the delisting, according to a Bursa Malaysia filing on Wednesday (Aug 16).

With Balance Sheet as at 31/3/2023 :
Net current liabilities: RM (8,524,896,000)
And Net total assets/total equity : RM (9,376,200,000)
It will be the greatest magic ever perform by anyone if Stony can lift CapitalA' PN17 status before year-end

Mabel
Fair enough, Capital A Berhad is likely to announce its PN17 regularisation plan this month and submit it for approval to Bursa Malaysia next month. The company expects to complete the implementation of its PN17 regularisation plan in the fourth quarter of 2023 (4Q23). It aimed for the PN17 status to be lifted before year-end.

I make my last replied to below email and sold my last 500 units and now no more a minority shareholders of HRC.

Without Prejudice

Dear Mr. Lee,

We refer to your email dated 12 June 2023.

Please take note that that the Company has diligently addressed all relevant queries/questions including issues raised by the respective shareholders during the AGM and written advice post AGM in accordance with the regulatory requirements.

We have reported that all whistle-blower complaints have been thoroughly investigated without evidence of any malpractice and mismanagement. The year end accounts have also been audited by our external auditors. As such, we have nothing more to add.

As part of good corporate governance practice, we hold firm to the separation of ownership and management. All internal investigation reports are the proprietary property of the Company and accordingly we will not respond to your email.

Despite the Company's previous responses to you, and at the AGM, your repeated allegations of malpractice and mismanagement are in our opinion, appear to be with the intent to damage the reputation and integrity of the Company and its Management. This could impede the Company and its Management from carrying out their business in a smooth manner, which could in turn affect the Company’s valuation.

Please be on notice that the Company will not hesitate to take all necessary actions to protect our integrity and the interest of all stakeholders, including all other shareholders at large.

Our rights are reserved.

Thank you.

Corporate Affairs Department
Hengyuan Refining Company Berhad

Just wait and see what Stony can come out with PN17 regularisation plan without capital injection or debt restructure to pare down debts and start aflesh like many other airlines did before you salute AA too early.

CapitalA stay afloat by using advance sale for current working capital and roll over debts to next quarter with increasing interest payment. So how long can this last?


Posted by Mabel > Aug 16, 2023 5:49 PM | Report Abuse
Indeed!
Just like SIA, CapitalA AirAsia was also paralysed by the pandemic without any revenue. However, unlike SIA with Big Brother Temasek cumming to the rescue, CapitalA took many initiatives to revive and stay afloat without any help from the Malaysian Government.

Now you know why we salute Air Asia..

i3lurker You misunderstood.
This Theory says if you do not understand, you can still buy provided you understand that you do not understand

Agree ignorance is bliss. Only in Malaysia a PN17 company like CapitalA that twice postphone submitting PN17 regularisation plan and with below balance sheet:
Balance Sheet as at 31/3/2023 :
Net current liabilities: RM (8,524,896,000)
And Net total assets/total equity : RM (9,376,200,000)
Is now worth:
Market Cap: 4,631 Million
NOSH: 4,210 Million
Avg Volume (4 weeks): 30,966,036
4 Weeks Range: 0.82 - 1.10
52 Weeks Range: 0.56 - 1.10

As business development manager when travel with boss for business meeting and dinner, the boss told me I am there to drink on his behalf so that the boss can have a clear mind for the business talk.

I must be very lucky to have free dinner and drink as it is part of my job.

No wine please this is AA not SIA.

You can have a look at the menu and get ready your payment before make your order.

"what goes up, must come down.The faster it goes up, the faster it comes down."

So better put on the seatbelt at all time as you do not know when it will hit the air turbulence.

wWhat was the net cash flow last quarter?

At least I have some idea on glove and Petrol Chemical than "buy what you understand"👌

Last quarter mean Q1 2023. Next quarter mean before end of this month Q2 2023 financial result.

Whether H2 will be better or worst than H1 all depend on would be crack spread and USD to MYR exchange rate in H2 compare to H1.

You just need to monitor would be mogas95, diesel, jet fuel, brent crude and USD to MYR exchange rate in H2.

Why not you tell us what is the net cash flow last quarter?

If Q1 2023 is an indicator
Group Revenue : RM2.5 billion
Group EBITDA & Profit after tax : RM502 million & RM26 million

Can NPAT of RM26 million do anything worthwhile to the balance sheet?