Post removed.Why?

It is a compulsory Snake Oil scheme.
coz IASB insists that you partake of this Snake Oil scheme whether you like it or not.

Companies like Yinson have No Choice but to follow IASB accounting standards.
Yinson did not choose this treatment.

Yinson is just meekly following orders of IASB.
Non-compliance by Yinson will mean a nasty note by external auditors.



Posted by Sslee > Jan 22, 2022 9:16 AM | Report Abuse

I3lurker are you saying the preps is nothing but a legal snake oil scam to syphon out the money?

there is the accounting standard and the "spirit" of the accounting standard.

just like contravention of the "spirit of the takeover code" is also a major contravention.

I dun see how heaping loads of "Gone Earnings" given to perps onto EPS retained earned earnings calculations meant for ordinary shareholders can reflect a "better picture" rather than a Snake Oil picture.

Going back to Kunta Kinte, Roots

earnings per share was originally ONLY meant for Ordinary Shareholders,
telling them how much profits their investment made before issuing dividends.

Once you add a perpetrator like perps into the equation,
the inflated "extra" earnings were NOT banked into the company at all
but were paid out to those perps.

EPS without perps => X sen

EPS with perps => X + Y sen where Y had "gone out" of the company

Earnings per share was originally ONLY meant for Ordinary Shareholders had been grossly distorted by this Snake Oil Scheme.

of course

that should be called as Goodbuy aka Goodbye, a value trap



Sslee Goodwill is like you are paying RM 5.00 for QL which has NAPS of RM 1.00.

What should we call when you are buying Insas at RM 0.91 which has NAPS of RM 3.23?
22/01/2022 8:36 AM

at the end of the day.....

The Accounting Standard is what those Captains of Industry say it is.

Accounting Bodies says "Please tell me what you want and I will make it happen"


Posted by Neoh Jia En > Jan 22, 2022 7:39 AM | Report Abuse

@i3lurker ... that's harsh. Unfortunately Yinson's perps may indeed be required to be classified as equity. Have to take any further argument on that issue to IASB instead. @benlim yup, treating perps like preferred shares is what I argued for as well.

in the Malaysian Goodwill scandal many years back.

Goodwill in Malaysia was supposed to be "all" written off.
Nobody bothered about it.

No worries, no problem, was ok, can be done. Yes Sir, if you say so.

... until some Captains of Industry found out that their PLC companies might become PN17, wink wink, as a result.

Delegations after delegations after delegations visited the Ministry of Finance
and end result is that the Accounting Bodies were asked to bend over to be publicly caned.

new solution => No need to write off Goodwill.

:)

does it not sound like why Accounting Body after public caning walked away from perpetuals as mere liabilities?

:)
smart feller


Posted by CurryBento > Jan 21, 2022 10:29 PM | Report Abuse

For now I only see good in harta, the rest I already cut all

You need to strip away all those numberings and scenarios and technical mumbo jumbo
and see the ultimate objective

=> of increasing earnings by using snake oil double talk.

I do believe perpetual bondholders are mere liabilities, the intention was never to give them shareholder status.

of course, the industry businessmen wants high EPS and will object strenously just like the Goodwill/Badwill/illwill scandal in Malaysia.

walking away from defining perpetuals as mere liabilities is just like licensing opium becoz people like opium.

substance over form and intention

I always find it weird that Directors/major shareholders refused to allow perpetual bond holders to have voting rights that clearly defines a shareholder as a shareholder.
However when it comes to Earnings or payments to "not shareholder" perpetual bondholders, these payments are considered as earnings of "not shareholder, now shareholder" so that the earnings per share is computed as higher.

if this is not double talk of a snake oil salesman, I dun know what is

breakeven level

wink wink

The end can come very quickly and also very mercifully

with a possible cash burn of RM300 million a month, and total cash of RM1.8 Billion
TG can only last 6 months max

KWSP Independent contractors are well ....... independent.

You will normally see a lot of buying and selling as they think independently.
1 contractor will buy and another contractor will sell, and vice versa.

Ganging up to dump all together is very very extremely rare and only happens on exceptional cases like Serba recently.

KWSP already panicked

KWSP been selling non-stop daily since 3rd January 2022

dropped from 6.27% to 6.15%

matter of face, guess KWSP dun want to look bad when delisted, just like Serba case

KWSP itself and 3 other Independent Contractors are selling to ease out.
That's shocking coz its abnormal. Does not usually happen.

share market needs a bit of luck as well

if Russia invades Ukraine during weekend Armada shareholders hit Jackpot

before bankruptcy and delisting TG should trade at 11 sen

WC touched 30 sen today

Sure one lah

its an Arab donation again............

its 2:32 am New York time

by 9am New York time when Hedge Funds Pumps or Dumps we will know whether crude oil up or down

and thereafter whether Armada up or down on monday

Excellent Idea !!

as proof of concept, please get No_sight to borrow RM10,000.00 from lamp post Ah Loong

based on money religion .... Pinjam 10,000.00 dapat 10,000.00

=> No_Sight say just ask to write off. Easy.

:)




Posted by DickyMee > Jan 21, 2022 3:23 PM | Report Abuse

Why need to repay debt? No_Sight say just ask to write off. Easy.

___________________________
Citadel123 how to repay the debt ???
21/01/2022 3:22 PM

Post removed.Why?

Ass Asia investment in associates RM1 Billion
Losses by Associates not recognized Rm1 Billion

Total RM2 Billion

which fool will pay RM2 Billion for Badwill aka Losswill aka illwill ?


for comparison of what you can do with money

besides the obvious 2,000,000,000 packets of RM1 nasi lemak

Vista Tower 63 Storey 550,000 sg ft nett is only worth RM455 million

To a person with money say RM2 Billion he will always compare.
What else he can do with the money?
What else can he buy?

Post removed.Why?

if Ass Asia operates inside European Union, Stony will be inside Jail now as a convicted criminal rather than using Refund Money to drive around a Tesla.

Just that Malaysia is a pariah country

In European Union, not refunding is a crime and Directors will be jailed.

just that Malaysia is a very pariah country
where people live inside a longkang

with pariah laws
and all citizens of Malaysia have pariah rights

eating pariah food
getting pariah floods

pariah discussions on whisky name

always take the safe route and ship will sail a million miles

must learn to ignore regrets if share price goes up later coz safer is always better.

If share price goes up, think of it as paying insurance premium.

PS
PSS
btw
I also think Armada peaked already



Posted by JoshuaMS7 > Jan 21, 2022 12:02 PM | Report Abuse

Sold half 0.530 since US markets share dropping everyday and next week might be crashed more if hike rate!

Post removed.Why?

Ass Asia Badwill has no value when more than 1,000,000 Ass Asia customers feel badwill against Ass Asia.
This is called Badwill, goodwill no longer exists

Just this Christmas, someone told me he flew to balik kampung this Christmas using MA coz MA will refund tickets.
Ass Asia will NOT refund tickets.
This is the new Ass Asia Badwill SOP in people's minds

IB ass_u_me that Stony underwear is worth RM2 Billion aka Badwill aka Losswill

some people have no idea what else you can do with RM2 Billion other than buying Stony Losswill underwear.

problem is Stony underwear aka Badwill is not worth 1 sen when companies are making losses



Posted by Sslee > Jan 21, 2022 7:42 AM | Report Abuse

Know what below mean for AA? And can AA decouple the associate as suggested by Maybank IB?

16. Investments in associates
As at 30/9/2021: RM million
As at 31/12/2020: RM million
Cost: Investment 1,087.9 : 1,087.9
Share of results and reserves (576.5) : (545.9)
Impairment loss (59.2) : (59.2)
452.2: 482.8

MFRS128 provides that entities discontinue recognising their share of further losses when its share of the losses equals to or exceeds its interest in the associate. Accordingly, the Group has only recognised losses to the extent of its interest in these associates. The unrecognised losses at the reporting date amounted to RM1,174.1 million.

My health. I came to Casablanca for the waters.

“It’s easier to fool people than to convince them that they have been fooled.”

– Mark Twain

sudah tukarnama ??

all those bet bet gambling judi says will change name? if dun go over 90 sen???

I propose Najib and Ku Nan of course to be Joint Chiefs

More people easier to get things done.............

even glancing at silly mike postings are detrimental to your mental health.

get a ruler ready to cover it up as you scroll rapidly away........

Gooshen went on holiday to look for Ah Moi on July 26, 2021

and never came back.

when you slowly freeze the frog the frog will not jump out

when you slowly boil the water the frog will not jump out

sama sama slowly

someone above already commented on this about his Serba experience when he did nothing and loss 100%,
thats why he immediately throw away Ass Asia share and got good money

this no_sight also no_brain

whatever is said here does not affect share price lah

just comment syiok syiok only lah

dun be so silly that all of us here are so influential.

=> many many Ass Asia shareholders have never ever heard of i3 or share forums at all....

Tesla sold more than 900,000 EVs last year and still back ordered 4.5 months (today), backordered 6 months inside China.

Major Germans total EV sales were 300,000 plus with backorders

Ford has huge backorders more than 150,000 on the F-150 that it stopped taking anymore orders and people paying blackmarket premiums to get it immediately

China EVs are selling like hotcakes too and you guessed it, backordered as well.

sslee

silly mike is parri passu with silly philip

both are desperate for stock tips,
they will do anything even sell their mother to get stock tips

I think you already made money from my tips on buying Armada and MMC privatization right?

sslee

apologies for copying you.

Just frying silly mike punya small brain

me too.

I think Maybank's analysis is not helpful at all.
Maybank caused more harm than good.
Maybank actually turned Brutus and stabbed Ass Asia in the back.



Posted by s30w > Jan 19, 2022 11:14 AM | Report Abuse

Lol at first i thought there are still hope. But after saw what Maybank claim i has lesser faith on AA



Posted by kong73 > Jan 19, 2022 11:51 AM | Report Abuse

Air Asia is in the departure lounge to go bankrupt guys. It is inevitable

since SC is inconclusive......

sure KPower and SCIB will limit up coz in future everything, anything and or nothing will be inconclusive

Jan 19

D Day today when all airlines in US may be grounded.

Deal is off

silly mike disappeared himself
now very busy borrow money from 1,000 ah loong to sailang Ass Asia tomorrow

of course Karam will be found not guilty from SC charges just like Azam, its inconclusive also
and Serba can sue Govt for RM10 Billion damages plus interest at 8 percentum annually.

Serba wins case
and repays bonds

and declare RM1.00 dividend from Govt damages
and catsatay hires 10 gigolos for daily servicing and cleaning of longkang

silly mike is doing a good job of talking bad about Ass Asia

still overpriced

NTA only RM0.66 and low earnings share price is RM3.00 ??????

but hype is good coz hype mania sells shares

kunta kinte

IN$A$ canteeeeeeeeeeeeeeeeeek

Post removed.Why?