1.40 Tony says off............. 2.20 Minorities say off................... HaHa




stockmanmy In 3 months, if AA is 1.40, is the deal still on?

If 2.20 , the deal still on?

04/04/2016 11:53

Recovering.... with Tony delivering... not Tony coming up with all kinds of maneuvering

Improving IS.... Stretched BS

Stretched BS as confirmed by the PP..

Investing with having to constantly watch your back.... tiring

AirAsia is more believable as a recovering story... Price slowly catching up with improving fundamentals... Recovering....

up by divvy amount......... and you cry father cry mother... for crying out loud

O... now only r°Moi remember..

r°Moi explained before... Tony and gang wants to make quick money.... can be had more easily and better... if they have bought their new 16% in the open market...


Icon8888 First of all, I don't buy the theory that Air Asia can't tap the capital market.

For me, it is very clear Tony and gang wants to make quick money.

RM 4.0b needed.. now have RM 1.0b... so maybe don't despair.. RI will be on.. 6 months.. 1.. 2 years later

This is putting it nicely.... but the result is.. failed


RATIONALE....

(i) The terms for the USD1.0 billion Multicurrency Medium Term Note Programme which was announced on 6 January 2016 were not favourable due to weak market sentiments

Ikan bilis... say good good.. but not supporting RI...

In AirAsia case RI at norm of 30% discount to 1.30 ok what.. why like no support only??

A lot more blog from wee hours in the morning to midnight...

No ikan bilis wants to sign the AirAsia Ikan Bilis Declaration ka?

Aiyo... no support so far from ikan bilis for the Rights Issue ka?

RM 4.0 billion...

Original target to raise RM 4.0 billion.... so come let's have a BIG BIG Rights Issue... Wellingtons EPF don't come in... never mind... all will be taken up by ikan bilis...



The terms for the USD1.0 billion Multicurrency Medium Term Note Programme which
was announced on 6 January 2016

Who??


Who the hell Tony has met... to make him conclude that a Rights Issue will not be successfully... the Wellingtons ka? EPF ka?

Come on... you be our representative... to tell Tony.. ikan bilis will go in.. apply for excess.. if he has a Rights Issue... at 1.30

HaHa..

You might as well write an article to garner support to press Tony to have a Rights Issue to all shareholders.... or better still do a private placement to you at a discount...



But.... AirAsia itself has assesed both options will not be successfully... due to no takers


- Its own shareholders would not chip in.... if a Rights Issue is called..

- Third party investors would not chip in.... even at a discount.. Won't come in even with a discount... so much for confidence.. Stupid third party investors??




Also... the USD1.0 billion Multicurrency Medium Term Note Programme failed... also no taker from the capital market


RATIONALE....

(i) The terms for the USD1.0 billion Multicurrency Medium Term Note Programme which
was announced on 6 January 2016 were not favourable due to weak market sentiments
resulting in the Proposed Shares Issuance taking precedence as a more efficient and
expeditious fund raising avenue;

(ii) The Proposed Shares Issuance also enables the AAB group to raise additional funds
without having to incur additional borrowings and related interest expenses. This allows
the AAB group to preserve cash flow for operational purposes and to reduce gearing
level; and

(iii) The Proposed Shares Issuance is a comparatively efficient avenue to raise the required
quantum of funds as opposed to other forms of equity fund raising approaches such as
rights issue exercise, which although is a pro-rata issuance of securities to all shareholders, there is no certainty of successful completion and which may require
underwriting. There is also no certainty in the successful completion of a proposed
placement of new shares which is typically priced at a discount to market to encourage
new investors to subscribe.

HaHa... that..I saw too.. didn't know what was it then... shy shy

Fast is hngs game... and he is observant



Posted by hng33 > Apr 2, 2016 04:49 PM | Report Abuse

hahahaha, AA share is very liquid, if TF wan to increase his stake by another 16%, he can easily do so through open market. Just based on daily trading volume in last 15 day....from 15 Mar ...accumulate share volume exchange hand already surpass 500m share alrdy, but share price still trading at narrow range.

Dubious...


paperplane2016
2946 posts
Posted by paperplane2016 > Apr 2, 2016 04:40 PM | Report Abuse

Rmoi assumption wrong, if tf buy open mkt, very fsst price moved rm2.50 or more with his huge buying of 500mil. End up wellington selling higher happily.

Tf thts why smart.

r°Moi 702,000,000 open market vs 1,000,000,000 under PP

If it is all about increasing their % to 32%.. Tony could have done it with 702,000,000 by buying in the open market... even if the average price is assumed to be 2.00


(32−19)%×2,700,000,000×2.00
=702,000,000

Remember... Tony could have easily bought a block or two from Wellingtons and EPF even at cheaper prices...


So... the average price would be lower than 2.00... and with no complications like.. EPS dilution.. pissing off minorities.. bla bla... and the risk of margin call as importantly the price would likely stayed at 2.00 or even higher...


The effects of this 32% is better than the 32% achieved via PP
02/04/2016 15:44
X
r°Moi So.. of course.. it is not about increasing the % to 32%.. now do you get it?
02/04/2016 15:48
X
r°Moi Oh... ya... PP also will dilute the % shareholding of Wellingtons... instantly reducing it to non substantial... this will be one of the more pissed off minorities
02/04/2016 15:54
X
r°Moi Still lovey.... still honey...

But AirAsia is complicated... sailang.. and on and off.. you will be hit left and right.. with the unexpected...

This sudden PP by Tony.. is a good example
02/04/2016 15:58

A forced buying....

This 32% thru open market could enjoy all the benefits like the presumed up in price... exactly like the 32% that they have to swing to them.. in the process pissing off the minorities and disrupt the price...

r°Moi 702,000,000 open market vs 1,000,000,000 under PP

If it is all about increasing their % to 32%.. Tony could have done it with 702,000,000 by buying in the open market... even if the average price is assumed to be 2.00


(32−19)%×2,700,000,000×2.00
=702,000,000

Remember... Tony could have easily bought a block or two from Wellingtons and EPF even at cheaper prices...


So... the average price would be lower than 2.00... and with no complications like.. EPS dilution.. pissing off minorities.. bla bla... and the risk of margin call as importantly the price would likely stayed at 2.00 or even higher...


The effects of this 32% is better than the 32% achieved via PP
02/04/2016 15:44


X
r°Moi So.. of course.. it is not about increasing the % to 32%.. now do you get it?
02/04/2016 15:48

Still lovey.... still honey...

But AirAsia is complicated... sailang.. and on and off.. you will be hit left and right.. with the unexpected...

This sudden PP by Tony.. is a good example

Oh... ya... PP also will dilute the % shareholding of Wellingtons... instantly reducing it to non substantial... this will be one of the more pissed off minorities

So.. of course.. it is not about increasing the % to 32%.. now do you get it?

702,000,000 open market vs 1,000,000,000 under PP

If it is all about increasing their % to 32%.. Tony could have done it with 702,000,000 by buying in the open market... even if the average price is assumed to be 2.00


(32−19)%×2,700,000,000×2.00
=702,000,000

Remember... Tony could have easily bought a block or two from Wellingtons and EPF even at cheaper prices...


So... the average price would be lower than 2.00... and with no complications like.. EPS dilution.. pissing off minorities.. bla bla... and the risk of margin call as importantly the price would likely stayed at 2.00 or even higher...


The effects of this 32% is better than the 32% achieved via PP

Still lovey... still honey...


But there are tonnes of problems to be solved yet...

AirAsia is OK OK... NOT OK SAILANG OK... the share price should go up gradually as the challenges are resolved one by one .. and value is created... not gap up

It takes time.... and huge risks

.


If it is that good r°Moi will vote no PP... r°Moi want a rights issue... benefits everyone




Icon8888 I don't think Air Asia has problem raising funds from capital market. I see this private placement to Tony and gang as a way to position themselves for windfall gain ahead of strong results and share price performance.

Many people complained about "being ripped off". I view things differently. Tony and gang might be a bit naughty by swinging a big block to themselves. But the dilutive effect is reasonable (not too big). Let them have some fun, as long as we can also make good money. The pie is big enough to accommodate some naughtiness
02/04/2016 11:22

Still lovey... still honey...


But there are tonnes of problems to be solved yet...

AirAsia is OK OK... NOT OK SAILANG OK... the share price should go up gradually as the challenges are resolved one by one .. and value is created... not gap up

Tony has talked about retiring... that would mean cashing out from his business

Instead... now... his has to increase his stake... 180 degee turn... forced buying

If AirAsia can get the loans... do you think Tony want to do this... Tony is not young anymore as someone has mentioned..

You think this 1b is donation from Saudi prince... Tony no need to pay back?

You have missed the point again... if Tony bought in the open market... not a sen will go into AirAsia... which needed billions


It is about AirAsia getting the billions it badly needed... not Tony wanting to increase his % to 30%

Dehouse

After all the explanation... you still missed the point...



Dehouse1 RMoi, it mean Tony has to make extra more to cover this fee. So, the price will need to be a lot higher to make it worth for this bet. Tony's got the ball. I need to highlight it.


r°Moi

moneySIFU Buy shares from open market have to pay stamp duty, brokerage & clearing fee.
02/04/2016 11:03

Tony and Din have been cornered... what else can they do... AirAsia has tried many ways to get the money.. but just can't get it... the baby falling back into their laps

This is about survival... do it and hope for the best... to make profit out of it... hopefully la hopefully

You have missed the point again... if Tony bought in the open market... not a sen will go into AirAsia... which needed billions


moneySIFU Buy shares from open market have to pay stamp duty, brokerage & clearing fee.

If AirAsia can get the loans... do you think Tony want to do this... Tony is not young anymore as someone has mentioned..

The way things have developed and developing...... Tony has been squeezing his balls with wenching pain.... painful balls nontheless.. must go ahead.. what else to do... the show must go on

Still lovey... still honey...


But there are tonnes of problems to be solved yet...

AirAsia is OK OK... NOT OK SAILANG OK... the share price should go up gradually as the challenges are resolved one by one .. and value is created... not gap up

There is already no institution takers for AirAsia shares at the monent when the share capital is at 2.7b..... add 550m more to it... god bless

The 1b now is not about Tony and Din wanting to increase their % to 30%

It is about AirAsia needing the cash... but can't get it elsewhere...

And..... watch this 1b shortfall... keep track of this 1b shortfall

1b more.....


1b more... worried about your pocket now??


No need la


There will be no rights issue... as having one now will just confirm what GMT has stated about a year ago... can you imagine what this will do to Tonys ego and repute.. giving GMT the RI it wanted?? No lo.. you can't do that..


Besides there are Bursa rules etc

.

Tony originally wanted to raise 2b.... AirAsia needed 2b...at least... there is now only 1b... still 1b short... and now Tony could well be more stretched than AirAsia.. How?

.


r°Moi And..... hope this is not a forced buying....
01/04/2016 17:43



AirAsia is the strongest... but its balance sheet is already stretched... cannot even do the Multi Currency Short Term Note??


“The multi-currency medium-term loan failed due to high cost of funding,’’ says Fernandes.




r°Moi This is not so good....

This confirmed AirAsia needed the cash... but Tonys original plans to raise cash are not working out...

Cannot get the cash elsewhere... gearing too high maybe.. have to beef up the share capital... before any bankers want to even look at it


IAA needed fresh fund.... no IPO... not even pre IPO... and local JV partners also have pumped in a lot last year

PAA needed fresh fund... but IPO maybe in 2018 only... also no pre IPO

AAI... TATA is ready to pump in fund... can AirAsia match it??

JAA... same

AirAsia is the strongest... but its balance sheet is already stretched... cannot even do the Multi Currency Short Term Note??
01/04/2016 17:22




Early this year, the airline announced a US$1bil multi-currency medium-term note programme to raise funds for the airline, but it was later abandoned.

“The multi-currency medium-term loan failed due to high cost of funding,’’ says Fernandes.


http://www.thestar.com.my/business/business-news/2016/04/02/fernandes-kamarudin-to-fork-out-rm1bil-cash/

Tony is now backed to the good old days... when banks refused to give a loan to AirAsia... but this time the stake is higher.. much much higher.... with more than 2 planes.. many many more than 2 planes... and numbers in the billions

Still lovey... still honey...


But there are tonnes of problems to be solved yet...

AirAsia is OK OK... NOT OK SAILANG OK... the share price should go up gradually as the challenges are resolved one by one .. and value is created... not gap up

It has taken quite some time...

After about 2000 comments... you have finally wised up... and can ask smart question....


Desa20201956 the real question is....was Tony and friends forced to inject $1 billion to save the Company?
02/04/2016 02:05

Aiyo

Fund manager.... you have totally missed the point!!

And... the point is... AirAsia needed the cash.. the money must go into AirAsia... must go into AirAsia... as AirAsia needed the cash



It is not about Tony wanting to increase his % to 30%



Posted by paperplane2016 > Apr 1, 2016 08:52 PM | Report Abuse

The weird thing is tony I think might want more.
You see logic is weird. If he wanna dig out 1bil for buying back airasia, why not buy from open mkt and wallop 500mil share? Well, this is caused mkt price to go higher and higher....but he did it another way by private placement...to caused it drop and he can sapu more after that.

My guess is airasia doing too good, he wanna get it cheap so he do it this way?

This posting makes it looks like forced buying..

A bit of inconsistency.....



Posted by Icon8888 > Apr 1, 2016 01:20 PM | Report Abuse

btw, I don't believe that Tony is forking out money to increase his shareholding to 30% (by way of placement)

no tycoon will do that in real life

tycoon like to make big money with small capital (for example : on hind sight, Gamuda issues WE because they anticipate securing huge contract soon).

Tony is not young, he will be stupid to commit so much capital at this stage of his life. If he wants to benefit from the up cycle, he would have tried to do it by warrants (for example : issue new warrants and try to swing a block to himself)