@IVKLSE yes i agree that the EPS will drop after placement, but at current yield of more than 8% and tailwind of Japan and Australia, i wouldn't expect the yield to fall below 6% even after placement, so i think risk is acceptable at current price. Besides, RM1.00 is the lowest placement price they got approved from Bursa, so price might be higher when it actually takes place.

Well, like you said, the only reason im increasing my holding now is because of our f**ked up Ringgit, so buying this stock is a good hedge. Please don't buy these few days, as i haven't done buying :P

X
ocpd The rm800 mil new placement will be used to reduce debt and therefore increase earnings. The increase in earnings will offset the dilution of eps. Besides, in case the placement fails, the expiring debt can always be rolled over.
13/08/2015 13:42

Or hope AAX sell more of its aircrafts to take advantage of this strong USD cycle.

Hope AAX has used the rights issue proceed to reduce USD borrowings already as promised.

Jet fuel falls below $60 ... http://www.barchart.com/commodityfutures/Singapore_Jet_Kerosene_Swap_Futures_(Platts)_Futures/JKS

“The increase in the number of passengers carried was also attributed to the recovery of demand from China from May onwards. MAA ended the second quarter with a total fleet of 80 aircraft,” it added.

Great news for AAX, as it flies to many China destinations too!

Looking at segmental revenue, looks like the print business has totally vanished within a year? While now most revenue is generated from Says acquisition? I wonder how those Says sellers feel now, that they could have gone public by themselves without Catcha in the first place.

I think bought enough d, so i won't read AAX news and prices for a while. Last comment, will be back in 6 months. Happy investing!

@cck8999cck8999 yes i know, but im too lazy to monitor and buy bank draft, may lose out a few grands ... i just bought more mother shares and go hibernate for 6-months!

Sold 0.075 and bought back at 0.285 ... waiting for it to drop more and then buy more ... i don't believe it can drop below 0.22! Bring it on ...

Sold all my OR and bought back the equivalent mother shares, because not much discount and arbitrage opportunity. Save me the hassles, lose out on the free warrants though.

What happens to my bank draft if only partial excess can but filled? Is there a limit to excess application?

How to apply excess application? Do I need a separate bank draft for excess application?

My calculation any RI prices below rm0.10 is worth buying, because warrants may trade above rm0.05.

i think many suckers will sell their RI at discount on Monday, plan to sapu 1 million RI next week at cheap price :p

@supernova you can only trade RI 18-25, after 25 then only you fill form and subscribe based on how many RI you hold

@sphenix read the links below

http://www.investopedia.com/articles/stocks/05/062905.asp (rights issue)
http://www.investopedia.com/terms/w/warrant.asp (warrants)
https://forum.lowyat.net/topic/1039913/all (everything explained here)

@kent you might as well sell your RI, later air ticket costs more than your subscription :p

Next Monday you can buy or sell your aax-or ... then after 25th May let's say you own 10,000 aax-or you need to prepare bank draft of 10,000 x rm0.22 and submit together with the form to registrar office by 1st June. The your new 10,000 shares and 5,000 free warrants will appear in your trading account 2 weeks later. Hope this is clear.

For those who worried or don't received form. You can walk-in to the aax registrar office.

Registrar or Service Provider name, address, telephone no Symphony Share Registrars Sdn Bhd
Level 6, Symphony House
Pusat Dagangan Dana 1, Jalan PJU 1A/46
47301 Petaling Jaya, Selangor Darul Ehsan

Tel No: 603 7841 8000
Fax No: 603 7841 8151/8152

Nvm, let's see what the price next Monday then I advice what's best for you.

@jayawin you ask everyone but you haven't shared yours?

@123cool teach you if next Monday, RI trades at huge discount to mother, then sell all your mothers and buy RI. Then cash flow problem solve, and you won't lose out.

@firestar23 subscribing to rights shares could be a gain, if market prices them at discount to mother shares, e.g. market price RM0.40, but rights shares is priced RM0.10 (+ RM0.22 conversion) = RM0.32 + free warrants (worth RM0.10). I will be buying lots of rights shares just to profits via arbitrage if market price is at huge discounts next Monday.

Even The Edge reporter got it wrong:

“The drop in share price could be related to the rights issue, as AAX investors who do not wish to subscribe to the rights issue exercise may have disposed the company’s shares,” he told theedgemarkets.com. - See more at: http://www.themalaysianinsider.com/business/article/air-asia-x-shares-slip-9.2#sthash.gmpKLJYy.2ALK1bCc.dpuf

@jayawin no target price, as target price is for suckers, but if AAX can turn around and generate operating profits in 6-months, expect 2-3x rebound from current price. The only thing im worried about is oil continues to go up, while USD i think this is the ceiling.

@cchin you'll be surprised how many are force sell due to ex-price adjustment (cut loss algorithm)? Or there are many not knowledgeable suckers thinking the price has crashed.

i hold 300k with rights @ RM0.46 + 100k without rights @ RM0.305 (bought today) ... don't follow me, i've been trading in and out at optimal price. I sold 100k yesterday at RM0.405 and bought back today at RM0.305. I might change my position substantially next week with arbitrage, e.g. sell mother shares and buy rights share, or vice versa, depending on market prices.

those who still holding AAX mother shares before rights issues, i recommend either sell your rights on Monday or subscribe to them. Thereafter, stop looking at AAX stock price and news for 6 months. I guarantee in 6 months you will thank me rather than keep worrying now and contemplating cutting losses. There is no losses to cut anymore, you might as well treat it as total loss and come back in 6 months for a surprise bonus.

The bottom is RM0.22, impossible to go bellow it.

Rights shares will appear next Monday on your trading account as AAX-OR, you can sell or buy like any other stocks next Monday.

AAX ex-price @ RM0.325 ...

Looks like ex-price hovering around RM0.32 ...

But this is Internet, i don't think anyone knows who you are right?

Why Tonywong removed his comment that he owns RM1 million worth of AAX shares recently?

After such lousy performance, Azran now got hired as CEO of iFlix. I guess brains is not a requirement for such a position.

@Kweng Tan, listen to me sell all your stocks and don't ever buy stocks again, then put your money in FD. Equity is not your cup of tea, go buy property and collect rental.

zzzZZZzzz Fortune teller talking cock ;p

@beso actually if share price goes below rights issue it is good, becoz TF and gang promised to take up 51% of the capital, haha then the 49% will just burn and no dilution ;p

Trading is 0 sum game while investing is not. For traders to make money, suckers need to lose money. For investors to make money, just be patient for business income.

All suckers should let go of your stocks now, so exploiter like Kensen's dream is fulfilled... I can't deny you will make money on the OR, but only be coz suckers like newbird82 exists.

Only technical traders talk in terms of amateur or professional ... In that sense you are right, I have 0 knowledge in technical charts, so is astrology :p

http://www.theedgemarkets.com/my/article/airasia-x-explores-swapping-46-billion-a350-order-a330neos

e.g. when AAX was at IPO price RM1.20 & oil was at USD 120 i wouldn't buy because the downside was too much and upside to low. Now at RM0.37 and oil at USD60 the upside is to high while the downside is too little. Go figure.

@kensen of course not everyone can be a billionaire, at least im a multi-millionaire ... go understand what it means asymmetrical risk taking first if wanna be like me

GoodCompanies, don't waste your time educate these suckers ... they don't know the concept of 'value' investing. They just know the silly 'momentum' investing.

Becoz it was my birthday!

Yes, rizerlee is absolutely right ... pls sell on Monday, pls!

Yes they messed it up, that's why the share price was below RM0.50, and the CEO was fired. Too bad for IPO investors, as for me i'm just starting up now with all new management and at a good price and low oil price as well.

Shit, regret didn't buy more Friday. Hope Monday can buy more.