Good news is.... in an odd way.... EPF has done a good job ring fencing the foreign funds in AirAsia... at this low price it is getting too low for the foreign funds to exit......


Well... maybe not exactly all good... but given the Greek the Fitch and the FED......


Other counters not so ring fenced will face the full brunt.... watch it


FOFI.... when markets recover... AirAsia will be the first to fly!

AirAsia will be back...



I still believe; )

BUY AirAsia now..

As just a mean of transportation... LCC business model workable

AirAsia will be profitable and shine

MAS working substantially on LCC business model will be profitable and shine

Surely that time travelling fella if anything is talking about MAS la ... Not AirAsia... Time travelling always messes with the brain and memory a bit...



Muller tak jadi? IMHO he stands a good chance.. albeit with a small little symbolic national airline working substantially on the LCC biz model..


A profitable national airline nontheless... just dont ask why it is so small and not quite so prestigious.. MAS would eventually be profitable aand a symbolic national pride and thank goodness no longer eating up taxpayers money

AirAsia AirAsia




Firstly.... Urgency!! Urgency!!!

GMT has painted it so urgent like... like AirAsia was going bankrupt the next day after its report....


Is it really so urgent???


NOT according to the auditors PwC


PwC didn't qualify IAA PAA as non going concerns


PwC didn't even impair the amounts due from IAA PAA... this would be after reviewing their cash-flow projections... of course




GMT has put what might happen in the next few years... with all its negetive assumptions too... to happen in like all of 30 days

No chance to do anything... just die


If it is not so urgent.... surely... say.. if.. big if.. there are really problems.. surely Tony can do something about it




Secondly.....


Are the debts due from IAA PAA a lot for an airline???


See la our very own new airline.... Flymojo..... to operate in a population of just 30m people


Kurang kurang 5.5b...




The statement said based on the list price of the CS100 aircraft, a firm order would be valued at approximately US$1.47 billion (RM5.44 billion), and could increase to US$2.94 billion (RM10.87 billion), should flymojo exercise all its options.



http://www.themalaysianinsider.com/business/article/new-airline-flymojo-to-buy-20-bombardier-cs100#sthash.qNwPl3l6.dpbs

WB may not been looking into any airlines at all after his ZEN moment... his loss

Anyway.. WB has made many mistakes in the sense that he has misssed many opportunities due to his bias...


I am pretty sure WB till now thinks the max for the NASDAQ should be no more than 1000... and FACEBOOK is a total scam and GOOGLE will collapse tomorrow..

Modern day airlines use very sophisticated computerised algorithm ticketing systems that take into account the load the yield the blah blah blah blah other factors.. to come up with the pricing of their air tickets... that can change by the minute depending on the live inputs

WB will approve.. "Low cost airline = railway line... WB like... WB BIG LIKE!"

I still believe ; )

Fat cat...


WB experienced his personal ZEN moment with airlines before attaining enlightenment... and the guru status that he is today


I see it as... I am at the moment on the same path as WB and a step closer to attaining enlightenment and the status to WB...



HAHAHA


Joke aside.... if WB has seen AirAsia before.. he would definitely have a very different view of airlines... and approve.. and will say.. "This is how airlines should be run... as a mean of transport.. not a luxurious thingy... well done AirAsia!!"

Calvin... that is public knowledge now... shorted and down side limited


For ARMADA... watch out... one of its big FPSO client AFREN LTD is in 2nd default of loan payment... and is bankrupt begging for a restructuring... But even the Chinese don't dare to touch it cos its production cost in offshote Nigeria is around USD 75 vs oil prices at USD 60 for long time to come


AFREN LTDs share price.. 52 wk high 151.60.. 52 wk low 1.28.. 1.28 done just few days ago...


There will be bad debt for ARMADA from here.. and impairment on idealing FPSO too

AirAsia........


Buy AirAsia for LOW JET FUEL PLAY... LOW JET FUEL PLAY.... which is sound



According to results....

Aircraft fuel expenses for 2014: 2,254,237,000

Say, fuel consumption remains more or less the same and say, the average jet fuel price has dropped a mere 25% (vs 50% for crude.. easier la like this no need to really know how many % is hedged at how much... a drop of 25% is reasonable) So... 2,254,237,000 × 25% = 563,559,250 ie saving for 2015 roughly


The saving due to low fuel price for 2015 would be RM 563,559,250 before RM 60,000,000 say for fuel surcharge.... a bloody big figure no matter how you look at it


AirAsia's low jet fuel play is sound... and the reason for all the IBs' Buy call


I still believe ; )



At the price now... it is getting even too low for Mat Salleh to exit

AirAsia. .


Buy AirAsia for LOW JET FUE PLAY... LOW JET FUEL PLAY.... which is sound



According to results....

Aircraft fuel expenses for 2014: 2,254,237,000

Say, fuel consumption remains more or less the same and say, the average jet fuel price has dropped a mere 25% (vs 50% for crude.. easier la like this no need to really know how many % is hedged at how much... a drop of 25% is reasonable) So... 2,254,237,000 × 25% = 563,559,250 ie saving for 2015 roughly


The saving due to low fuel price for 2015 would be RM 563,559,250 before RM 60,000,000 say for fuel surcharge.... a bloody big figure no matter how you look at it


AirAsia's low jet fuel play is sound... and the reason for all the IBs' Buy call


I still believe ; )



At the price now... it is getting even too low for Mat Salleh to exit

AirAsia...


Buy AirAsia for LOW JET FUE PLAY... LOW JET FUEL PLAY.... which is sound



According to results....

Aircraft fuel expenses for 2014: 2,254,237,000

Say, fuel consumption remains more or less the same and say, the average jet fuel price has dropped a mere 25% (vs 50% for crude.. easier la like this no need to really know how many % is hedged at how much... a drop of 25% is reasonable) So... 2,254,237,000 × 25% = 563,559,250 ie saving for 2015 roughly


The saving due to low fuel price for 2015 would be RM 563,559,250 before RM 60,000,000 say for fuel surcharge.... a bloody big figure no matter how you look at it


AirAsia's low jet fuel play is sound... and the reason for all the IBs' Buy call


I still believe ; )



At the price now... it is getting even too low for Mat Salleh to exit

Anyway.... if the selling just pile up pile up pile up..... up up up... withdraw your buy queue... as many times as neccesary..... dont be shy

AirAsia survived oil prices at beyond USD 100...... to die when oil prices are at USD 50 - 60??


Another aviation mystery....

To put on record... IAA PAAs share capitals at the moment are just around USD 13m...

4b jer.... riuh sekampung

Secondly.....


Aiyo.... is 4 5 bil a lot for an airline???


See la our very own new airline.... Flymojo..... to operate in a population of just 30m people


Kurang kurang 5.5b...


you all jaguh kampung mentality la






The statement said based on the list price of the CS100 aircraft, a firm order would be valued at approximately US$1.47 billion (RM5.44 billion), and could increase to US$2.94 billion (RM10.87 billion), should flymojo exercise all its options.



http://www.themalaysianinsider.com/business/article/new-airline-flymojo-to-buy-20-bombardier-cs100#sthash.qNwPl3l6.dpbs

GMT has put what might happen in the next few years... with all its negetive assumptions too... to happen in like all of 30 days

No chance to do anything... just die

If it is not so urgent.... surely... say.. if.. big if.. there are really problems.. surely Tony can do something about it

Firstly.... Urgency!! Urgency!!!

GMT has painted it so urgent like... like AirAsia was going bankrupt the next day after its report....


Is it really so urgent???


NOT according to the auditors PwC


PwC didn't qualify IAA PAA as non going concerns


PwC didn't even impair the amounts due from IAA PAA... this would be after reviewing their cash-flow projections... of course

26 June... 2 days after.....

GMTs bads should be fully digested and acted upon..... safe IAA PAA actually filing for bankruptcy today... what follows.. would be good news from now on

No element of surprise no more....

Five cannons waiting for you short sellers....

Wonder if Tony is supporting the price now.... what do you think??

A pissed off and challenged Tony....


Yo ya Tony.... you go show 'em ok... show 'em.. start with 2Q15.. and announce it early ok!!


http://www.thestar.com.my/Business/Business-News/2015/06/25/AirAsia-CEO-Fernandes-casts-other-work-aside-amid-accounting-worries/?style=biz

Short sellers can only short a falling counter......................

Don't be scared by this........................


kakisaham cut loss...gua baru cut tadi
25/06/2015 09:45

Nothing better to do ka???



Fat Cat Tim Buddy RUNNNN come back later when price at RM 0.20 kikiki
24/06/2015 15:45

°

Really screw you kau kau and take you as a fool is.......................... after you sold and they have bought back cheap really cheap..... they go and release some really good news about AirAsia and let Airasia fly... then they sell...


This will happen or not all depends on you

Post removed.Why?

I thought you have been shouting TQ TQ when you bought 1.7+??

I have played a few rounds of the up and down tooo...

Be cool mah...

Shaken and stirred to their very core ikan bilis..... who would sell on sight of the slightest drop in price....




kakisaham cut loss...gua baru cut tadi
25/06/2015 09:45







Be cool.....

Come on.. in detail... else you are the know nothing

skyu... the smart ass can you explain RSS?

Thanks to EPF and Wellingtons which did not offer support.... in fact have thrown a little themselve too..... the short sellers probably have managed to short all the way to their last scripts to hit 1.43... and have had success beyond their expectations... I mean which counters in Bursa have they managed to short like this???



But............ it does appear that the short sellers have done contra purchases later on 17-6-15



Think the worst is over... now there is only small ikan bilis....a lot of them in AirAsia now.. who have been shaken and stirred to their very core... who are selling on the sight of slightest drop in the price...





For contra play... I am watching Tenaga ler

If there is............ NO....NO...... dilute existing shareholders by more than 100%


AirAsias fair value MYR 2.46 ie MYR1.23 x 2... by GMT



What kind of RI is it talking about that would be so instantly dilutive?? 10 to 1??


MYR 1.23 would be the EX price????




AirAsia now needs a recapitalisation that will dilute existing shareholders by more than 100%. We see at least 42% downside with fair value less than MYR1.23/share.

There is nothing like a good facial and a good massage...... to relax... ahhhhh bliss

Short term players want to make money ah???/

Short sellers are having you all short term plays for lunch la......HAHAHAHA

SinGor


I suspected same........



And..... if it sold 18m on 11-6-15 cos it knew the short selling was coming cos it was the one who lent out the shares to the short sellers for shorting..... It would be oh so wrong!!! so so so wrong!!!

SinGor

Who are your suspects...??

Aaaaaaaaaaaaaaaaaaaaaaaaaaaa

















X


r°Moi iv. Based on the above procedures conducted, legal opinion by a professional legal firm and understanding obtained from management combined with perusal of contracts, the advance payments received from the foreign trading house have been properly accounted for as trade deposits in accordance with MFRS.”



......have been properly accounted for as trade deposits in accordance with MFRS


This just says it is properly recorded....



What about why it is there in the first place??? MASTEEL needed financing?? Cash flow how??
Never conclude the orders.. cancelled them yet MASTEEL has to pay cancellation charge??


Further implications of the cancellations... How about the goods itself?? What happen to those inventories which have been produced to satisfy the orders now that the customer has cancelled its purchases?? Leave to rot...................

22/06/2015 12:54

X


r°Moi One big customer still not yet paid up fully??


Goods from them subsequently truly needed or not?? Or... just for contra with the debt quickly
to make the debts small??

22/06/2015 13:01

Sir Richard Branson.... the crazy billionaire............................ billionaire


Self explanatory...........................................

IAA was hit by the Indon incident....

PAA was due Philippines not fren fren with China ler... and the bus shooting incident that pissed the Hongkies



These things will change.................

USD 13m capitalisation is allowed by the local aviation authorities....


That means the airline business is such... gearing is expected.. leasing is expected ..


It is like that one la....