Haha, Malaysia boleh, with all the bad news, Q1 result, MAS share price still untouchable.... I am wasting my time to queue for 0.2.. Never able to get it.
Should go along the lines of japan airlines, go bankrupt and get protection. Restructure. Debt , renegotiate contracts , reduce workforce and then maybe private investors maybe interested t9 invest and rebuild
mas price never drop but rose today.... perhaps, someone knows better what will be announced by month end.... another round of goring.... similar to due prior to the announcement of share swap with airasia last time
moreover, maybank analyst said the loss in Q1 ws lower than expectation, he also said mas is better to be privatised and break up , more or less like what SIA did last time, ....fingers crossed
more investors n speculators would jump in starting from now.... 2b announced anytime before or on this month end... cheap at 21sen, about the net asset value per share of mas.... with such incident mh370 and continuous worsening loss and election was over, politicians would agree to accept major change for MAS , could not lose tax payers' money non-stop indefinitely :)
Surprise that the price holds on today. Give me until mid next week before I consider taking the plunge. This is an extremely high risk counter for those who is wondering. You either get something or you lose everything.
Najib today say " It is now too late for the government to step in and save Malaysia Airlines (MAS) and bankruptcy is one of several options to restructure the loss-making airline:..... http://www.malaysiakini.com/news/262948
First Quarter ( 1Q14 ) core net loss is 424million. With this MH370 Second Quarter ( 2Q14 ) will be greater than this....therefore targer price $0.14.....
If declare, then banks will get to liquidate MAS assets, which will be used to offset loans, borrowings, etc. Followed by creditors I think. No chance for shareholders I think.
If declare bankruptcy, Bond holder have top priority follow by preference share holder have priority to claim Mas assets, shareholder is holding ordinary share, therefore is only the last party to claim any residue asset
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
mm310
437 posts
Posted by mm310 > 2014-05-16 08:24 | Report Abuse
Hopeless. Stay away.