actually special div to me is less important. But i strongly believe that AA will distribute at least 60 cent dividend. why?
1. TF and KM need money to pay off at their loan for PP which is 1B. 32.3% stake from TF and KM, so then they need about RM1.08 per share. So RM0.10 from normal dividend + RM1.00 from AAC? If you are TF, which money you want to use to pay interest? Use your personal money to pay for interest or use company money to pay for interest?

2. Lately MAA shift so many aircraft to AAC. Y? Key objectives are shift more asset and debt to AAC so that it can sell with better price + remove debt from MAA + unlock the unrealize gain After selling AAC, how much is the gearing? Net debt in Q4 is 8.8B. - 1B PP - approximate 3B from AAC after done shifting = 4.8B. NTA is approximate 8-9B. Thus gearing will be 0.5-0.6 without include money from AAC!!!!!!!! if zero dividend from AAC = almost no debt!!!!!

I will be more happy if TF din distribute as special dividend. I believe share price will drop and I can collect more again at that time.

http://www.orientaldaily.com.my/business/cj200018445

Dividend almost can 80% confirm that it will be between 8-10 cent, wont surprise us too much. Now is waiting for announcement on AAC and see how much it can realising in term of cash. Best scenario is 75% stake with 900M USD, worst scenario is 100% stake with 900M USD.

So green ald, no need dressing lo.. Lol

Will tomorrow green again? If yes, then is whole week green liao.. hahaha..

It's more to legal & compliance issued in contract before signing. So I will expect this will take few weeks. Still align with their timeline which is end of April or early May

900m for aac is my expectation. So nothing to scare now. Haha..

Hi, cruger12345, I buy back genting-wa today with 1.62. Did you buy more recently?

Net operating profit = 1.65B with 20% dividend policy = 10 cent. Expected annual dividend will be 8-10 cent this year.

In short, good presentation from TF. Hahaha...
Another thing is cut cost about 23M USD per annum mean 100M ringgit = 3 cent per share. You may receive 3 cent dividend more due to this. Hahaha...

mantua39, i think namura report a bit misleading on this. Naruma analysis mentioned that AA will receive 520M for 52% stake of AAC. They are using 1B valuation to goal seek the stake of AAC that bidder will offer.

Surprisingly, AirAsia Expedia worth RM 354M , thus it's worth about RM0.10 per share
Asian Aviation Centre a worth RM 355M , thus it's worth about RM0.10 per share. IPO soon.

Load factor in Q1 is 90% which is highest Q1 record in AA history.
Gearing is 1.0x in Q1. Thanks to 1B PP and increase in NTA by switching the aircraft from MAA to AAC. Thus, Q1 result 100% super high in PAT. Expected is 800M.

1.2B x 75% = 900M

But let say 1.2B is for 100%, tak kan 900M for 90%, right?

So 900M is for 75% stake?

Hi Winningpost, happy to saw you here. I cannot get airasia C-38 at the end by today. But able to grab some genting-wa at 1.62 today.. hahaha..

http://royaldutchshellgroup.com/2017/03/28/opec-has-to-extend-cuts-shell-will-benefit-strongly-from-the-action/

supermx2, you are really funny la.. Even TF know a lot of bad things about AA, will he disclose them in the investment talks? hahahahahaa.... Try to find an excuse to "match" your "statement". By the way, any selldown today? hahahhahaha

Maybe above transaction limit? I also don know..

Winningpost, shit, I don know why my transaction failed this morning..I try to q again also failed.. . stupid HLebroking.

Winningpost, I q at 0.115 block you for C-38. Hahaha...

As expected, supermx2 will come out say the same thing again.. hahahahaha...

I will going to AA AGM this year. Who want to join me? Hahaha...

Very funny la you BWC.. hahahahhahahaha...

Try to avoid me again by remove the msg and copy again? U tot i don know how to do the same thing?

Disappointed lo.. BWC din talk about it anymore after this statement... Try to avoid my queries also.. hahahahhaha.....

BuyWithConviction, you still not really understand what is happening. Amount of dividend is not important as compare to the price of AAC itself. Plus your statement on delay on AAC deal come from no where. You just love to make your own assumption and kaki gong, kaki song..

Too hot? Why AA hot? why person willing to use higher price buy it from you? Do you think you know better/smarter than the person buy from you? When we think than you are smarter than others, then it is very dangerous signal. Haha... Try to do my homework and set your goal.

Square one again? hahaha... your square one start from 2.60 as I recall.. hahahhaahhaa

waihung82, this is the reason why TF wanna list in HK. Push higher valuation to PE10. If not, u tot he is so free to do HK listing meh.. hahaha.. But this is his idea only, not sure how close can he realize in real life. He is doing presentation in HK later, try to promote again his AA before list in HK. Haha...

I got mentioned before that no 3 no sell, but now 3 already, still holding.. haha... Am I too greedy? Because I always think that fair price for AA should be around RM3.50. If you consider about future booking. AA is worth than this amount. If we refer to those IB analyst, 1/3 future booking worth with minimum 300M USD (CIMB say that it's worth 400M USD), so the balance will be worth 600M USD to AA. 600M X 4.4 /3.34b = 0.80 per share. This valuation is only for future booking, current operation with PE7 (1B operational profit for Y2017 x 7PE) = 7B/3.34B= 2.10 per share. so 0.80+2.10=RM2.90!!! This valuation is without AAC!!! And Im using PE 7 only which is quite conservative. Airline should have PE8.5 now in market. If AAC worth 1B USD = 1.30 per share. so it's worth RM4.20 only. It is not too fair if we include future booking since it's not yet realize the gain yet. Cut 0.80 per share, the valuation of AA still worth RM3.40 with PE7!!!
So I will still holding and wait for Q1 result. Please rmb, no seat for TF last night. Looking forward to Q1 result.

Haha.. I only have 3% of my portfolio for C-38, about 50% return on C-38. So only contribute 1.5% of total portfolio.

newbie_Investor, tomorrow, 1140am, a lot of person will stomachache and go to toilet "Q" for AA after 10min of TF presentation.

haha.. good for you. I think mother suit me more. C38 contribute about 1.5% of my total portfolio return also. Not too bad.

Hi winningpost, seem like you still active in C38. I already sold all my C38 at 0.12 today.

No seat for TF to HK! hahahaaa.... Can you imagine how good is AA business now? Look forward to Q1 result..

Thanks for sharing

hi, valuegrowth. still waiting for AAC latest news. Do you have any news share with us? The latest news that I read is namura from the edge which I dont really like it.. haha..

I dont know which square supermx2 refer to. 2.6 also back to square, 2.7 also back to square, 2.8 also back to square, 2.9 also back to square, now already 3.06, square wat leh? I really dont know what he want.. You may see his square thing when AA is 4.0

My 1st target, 3.20 is almost there, will sell 5% of my portfolio at 3.20

Please refer your quality comments on the understanding of AAC and MAA as below.. hahahahahaha.....

Posted by BuyWithConviction > Mar 16, 2017 02:58 PM | Report Abuse
The planes are not free. The huge debt needs repayment. I am doubtful we are going to get a big special dividend anywhere near 1.00 even, got chance it could be a lot less even. I would not over-promote. Hehe

Come on, BWC, is that your only understanding on AAC and MAA? I'm still waiting for your understanding on this. You can do better than this!! hahahahhaa

Posted by BuyWithConviction > Mar 16, 2017 02:58 PM | Report Abuse
The planes are not free. The huge debt needs repayment. I am doubtful we are going to get a big special dividend anywhere near 1.00 even, got chance it could be a lot less even. I would not over-promote. Hehe

Everyday +10 cent.. Will this friday reach 3.30? haha... finally AA bear fruit liao..
Anyone got any news about AAC to share except for Nomura one?

very tempting to sell my c-38 now.. haha..

They no need to refinance the debt actually, just take over x% stake of debt. But not sure my view is correct of not la..

Nomura quote that is 900M is for 52.75% stake of AAC (including Debt 706M x 52.75%= 372.4M) = 900M- 372.4M debt= 527.6M Cash.. Actually I dont think so leh.. I believe is 900M is the cash receive by AA and all debt go to winner of bidder with x% of stake. I believe x% is somewhere between 70%-100%.

If AAC is free, can sell to me? Haha... I offer with USD 1 dollar.

I never saw a person can predict so well in stock market. When the stock increase significantly in morning session, someone will claim that he able to grab some. hahahaha...

it's natural hedge on currency for AA now. If strengthen in ringgit, then long term good for AA operation. If strengthen in USD, good for AAC. It is not longer at issue for AA now. The theme now is AAC and special dividend. Yeah..

just sell the portion I bought on last friday at price 2.80. Haha... tonight can go PJ pasar makan eat holiao.. Lol...