Dear @Foker, was referring to the existing share sale when they had done their IPO. Can be referred to within their prospectus. They bought shares ? Besides the paltry 25, 30k, etc. shares bought by the officers of the Co, I did not see any shares being bought by the then promoters of the Co.

That merger with MAS was definitely on the tables, at least I am fairly certain that genuine steps were taken, though with AAX and not AA.

As for whether any assistance was brought forward by the Gov to AA, It would be hard for either you or me to say unless the management addresses this in the next AGM.

I mean USD 1.2 bil is a lot of money, that is basically additional money that could be used to ploughed back into the economy. Yet they've decided to yet again bail an airline which has little value to the economy.

Be it Asians or Europeans, the biggest segment of travellers within the country, everyone would recognise AA, but would have never heard of MAS.

What are we bailing them for ? Malaysian hospitality ? Or the fear that a monopoly by AA would be considered to be bad for the economy.

The MAS MH slogan is nothing but a marketing gimmick and does not hold water, and AA being such a sensitive company when it comes to marketing, any bad move would reflect extremely badly and the market would punish accordingly.

This bailout would perhaps be drained within the next 2 years, and there will come another time when further funding will be provided to fund the great MH.

Yet they would rather tip the competition in favor of an inefficient entity.

Upon making some decent gains after 3 months. I had a heartache upon reading an article on Bloomberg and decided to vent my frustration here.

Recent turn of events will definitely improve the prospects of surviving the pandemic. This would be true for the industry as a whole.

Great brand value, resilient and smart management.

Though, the key outflows would be the hedges that would need to be covered, the lease payments and of course payrolls.

Payrolls would be within the control of AA, if any of the remaining 2 is within the control of AA, then the question of insolvency is out of the picture. Though, you can clearly sense the urgency that they have to overcome this issue and I sincerely believe that they're trying something every day.

All they had wanted was a loan from the government to weather through these tough times, not even an injection. Personally, I think it was a fair request, given that liquidity for anything travel related was literally unheard of 2 months back.

Yet, it is highly unlikely that a loan is going to be extended to them. I hope I am wrong on this.

There were many comments on this forum saying "Why bail AA with taxpayers money". I did not get this, firstly it was going to be a loan, yes risky, but it would have been backed by a deserving collateral alongside a truly Malaysian company.

Though, today Khazanah is looking to finance MAS for USD 1.2 bil. I mean seriously, the amount of profanities that are at the tip of my tongue is unfathomable. I mean this is a company where you're treated extremely differently when you fly BC and EC. Their EC would costs 2x more than AA's regular seat, yet you'd be treated with a lot more respect in AA. You'd realise the difference if you've been on both.

AA had literally proved a point within the aviation sector, yet, taxpayers money should be used in bailing, yes this is not even an injection, but rather bail an airline that has been bleeding for god knows how long.

AA on the other hand needs to resort to private capital to survive this. Way to go.

If you were within the value chain of AA, you would have realised the amount of value AA has contributed in the past 15 years to the Malaysian economy. Whereas MAS was happily enjoying both yours and my hard earned money.

Yea, thought as much. Was quite accurate when I had expected a 20% dip in revenues. Though, the silver lining in this is the online and Vietnam operations, which thankfully shows great strength.
FCF is lower by close to 50% though, which is extremely steep, given that MCO begun on the 18th March. 2nd Quarter is going to be insane.

All being said, I am in it for the long term.
The theme of women empowerment and sustainability is definitely where the future is at.

I still find it perplexing, as why the promoters (i.e. Simon and Mina) would decide to cash their existing stake at such troubling times. This fact unfortunately worries me. It doesn't make sense to have a great product but have terrible management.

I sincerely hope that the management is one that is genuine and all that talk of being an empowered woman that grew this business for the past 36 years hold water.

It is going to be painful to see the value of this company drop between 5 to 10 % within the next 2 weeks. Hoping that results would not be more than 20% below previous years. If it is, believe the timing of the listing of Innature is to be questioned and not sure if the market will be very happy.

Dear hello,

Firstly, my average cost is RM0.55, I invested because of brand loyalty that sticks.
So I am definitely not luring people to sell -_-.

If you read through the lines in the prospectus, their sales are in line with the rise in median income. You can retrieve this data from DOSM to vouch this fact. This is then corroborated by the research done by Frost & Sullivan.

On that basis, I was assuming that the sales in non-penisular was fueled by tourists because the median income especially in Sabah is one of the lowest compared to other states.

There is no need for me to lie, again about the online sales and Vietnam, let's wait for the quarterly report. Having an average cost that is about 25 percent higher than the current trading price, of all people I would definitely wish to see the value of this Co increase.

IMO, it is going to be very difficult to break 0.425, let alone 0.43. When the qtrly report is out, you can expect a sell down. The stores at Sabah, Labuan and the pop up stores in the airport (12 + stores) would have started showing extremely bad results back in January, as I am assuming that the sales in that region is fueled by tourists.

The upside risk is the sales in Vietnam, though I am not sure if that would be able to cover the deficit. If it does though, shareholders that bought during the IPO would not be banging their heads as it would not seem like the promoters were looking to cash out their stake in troubling times.

Lets await the qtrly report and see what unfolds (i.e. the promoters intention as the virus was starting to unfold back in January itself).

It is quite unfortunate that the liquidity in this counter is so poor. Institutional investors would not be able to participate in this counter. This makes it very difficult to ascertain the true value of this company (at least what the market thinks this company should be valued at). It is very probable for a company like this to be manipulated and cause much volatility to its valuation.