The over-allotment or greenshoe option. The AAX IPO made a provision
for the sale of an additional 118.5m shares under the greenshoe option. Orix and Manara originally earmarked to sell 85.8m shares during IPO, but in the end sold an additional 118.5m shares under the greenshoe option to foreign institutional investors.

Maybank Investment Bank would then act as the Stabilisation Manager in the secondary market if there was downward pressure on the share price. Between 10 and 25 July 2013, Maybank had purchased 65.5m shares in the open market to keep AAX‟s share price from falling below the IPO price of RM1.25.

Maybank has the option to continue buying shares in the open market until it has purchased up to 118.5m shares, which is the size of the greenshoe option. There is no obligation for Maybank to buy up all 118.5m shares in the secondary market, as it can exercise full discretion on the quantities to purchase.

The cumulative number of shares that Maybank purchased in the open market will then be returned to Orix and Manara. As a result, it is not possible for us to determine the exact post-IPO shareholding stake of Orix, Manara, and of the public shareholders, until the entire stabilisation exercise is completed.

The stabilisation period will end 30 days after the IPO date, i.e. on 8 August. However, since 8 August is a public holiday in Malaysia, the final date for the stabilisation action will be on Wednesday, 7 August. We note that Maybank has not purchased any shares from the open market from 26 July onwards, therefore allowing the share price to fall to below IPO price.

cimb just give aax a TP of 1.43

someone need money urgently + desperately, that's why

no dividend declared

SUNREIT is swallowing by the quicksand.....

but if you can hold for long with the dividend yield that are more than the FD rate, end of the road, u still make profit, just that it is slow, This counter is for low risk conservative type uncle like me la, for aggressive investors not so suitable lor.

ya.. we are here merely for discussion, all view points are appreciated

well, some investors like to hold on it for long term and its dividend, REIT is just like buy into property and enjoy the rental, and should not take it for short term trade.

if you compare with the recent downtrend, SUNREIT drop more compare to IGBREIT

if you are mad becoz u bought it at a higher price and seeing red now, don't blame the counter, blame yourself of not doing enough homework :P

@haikeyila. most REIT doing that, pay the manager fees with units, not only IGB. common practice

"SUNREIT targets to release its unaudited financial results for the fourth quarter ended 30 June 2013 after 5.00 p.m. on Tuesday, 6 August 2013. "

hopefully announce good dividend then it can climb back

@cheeseburger, just dun touch this share, and move to other counter lor. Everyone investment strategy is different, let's wait another 6-12 months and we shall judge if AAX is a good stocks, they IPO not even 1 month, dont put the judgement so soon

@KC Loh, whatever shit happnened in this world also related to AA, according to BullBear. ha ha!

be realistic folks, stock market is not free for all cash dispenser that everyone can take money from it

if it is a bad seed, who choose the seed at the 1st place? u. so be a man and take that responsibility, and if u not sure the seed is good or bad, just move on and buy a tree that already ready to give you fruit

u buy a seed, plant it on an empty land, it grew to a big tree and u can enjoy all the fruits from that tree.

you buy a full growth tree that already owned by someone, you might only get one or two fruit from that tree.

ask yourself what type of risk u can take, what kind of person u r, then take the correct action, well folks, you are responsible on your own action. period

no risk no gain, be responsible on your own action and dont blame this and that person

@cheeseburger, AA fly to more destination compare to AAX hence bigger fleet size la.

div 3.43 sen

@jnassar, what tech analysis when SPAC co. has no business yet?

IPO+30days or 15% shares fullfilled

to those SPAC skeptic folks.. are you sad now?

BullBear could be TonyF, careful now folks..

one pack nasi lemak leh

Shares returns to issuer will be given to you as bonus shares.. ha ha..
careful now, folks

http://www.theedgemalaysia.com/business-news/248003-maybank-ibs-purchase-of-airasia-x-shares-in-line-with-price-stabilisation-mechanism.html

bullbear ask we all to run.........careful now, folks, please watch ur steps while u run

tarita after play ingenco now come play tms?

buy the warrant on the price u think how much the mother share worth in future.. of course if u play pisang goreng then different story la

what if it fells to 35.5.. ur 36.5 is good luck or bad luck then?

hey guys.. it is not 1 + 1 = 2 in this case

14.20? r u on right stock?

cliq only 3 months old.. what u all expect? i dun think SC will approve the asset if they announce today that you going to buy one, asset to buy need SC to approve and need detailed supporting docs on review and due d.. wake up ppl, this is not an ATM counter to withdraw money without first putting some money in as saving

have anyone ponder why MBIB buy at that price if it is over priced like what all you said? i bet MBIB know more than u and me and they wont do something that put them in deep shit.

too many advises from good ppl like harvard57 that ask ppl to cut loss and end up everyone losing money.. hold if u can, one day u see the reward, if you do not have holding power, stop invest in stocks. period.

agreed, we invest in AA for its profit and returns, i hell care about how it runs as long as profit going up, give dividend, share price spike...

"Jun 79%
May 83%
Apr 81%
Mar 80%
Feb 84%
Jan 87%"

if this is exam marks.. many A's... LOL

just came back from SG this morning via BullBear's cancelled flight of AK1826.. hmmm.. was i in the wrong flight this morning.. i wonder...

"ARRIVAL FLIGHT TO KUALA LUMPUR CANCELLED:-

AK 1826 29/07/2013 07:00 AM SINGAPORE"

whatever lah BullBear.. AA shares still fly.. as if you the one able to dig out all these news from using google.. all the analysts and investors are blind and don't know how to google.

bleeding to you, but opportunity to others..

no risk no gain, if u cannot take the risk, keep your money in FD, sure very safe..

BullBear VS The Market Force saga has begin.....

BullBear, EPF disposed and acquired shares everyday from different counters not only AA. please be constructive when sharing information in the forum

this blogger very knowledgeable till BullBear also listen to him?

insider source told me richard lost a bet to tony hence the 25-40sen, will you believe me?

the door is always open.. :P

BullBear disgruntled ex-AA employee ah? hate Tony so much?

yes.. i am there..

if you want something hot like a goreng pisang, this is not the counter anymore, at least not now..

next week Tuesday there will be a new goreng pisang stall open, just get ready to queue up :P

they shortlisted 5 QAs

they brief us on the progress, if anyone of you has any idea on M&A deal before, you will know a deal cannot be inked within 3 months, and they can only start to do work after they are listed, it is a SC regulation. they already shortlisted 5 QAs, and will take them few more months to finalised and then go for price nego, again, this is oilfields, the more due d they did, they more i feel that my money are in good hands.

also, read their annual report, and how much the director are paid, it is peanut compare to some co. that paid their directors crazy sum.

just my point of view, but if you are a speculative traders, then too bad, u have to wait longer

there wont be any super good news, i was there, they just cannot make any announcement on the press if the QA deal is not inked, but with only 3 months had past, the progress is good.