I feel Mas may privatise first then go for bankruptcy. Khazanah will try to acquire maximum shares in d open market. The only way to get rid of "existing cronies contract" like overpriced Brahims is to go for "conditional bankruptcy" which means no need to sell d assets n creditors will get their payment...my2c opinion.
crazy la ring... why they want to buy their share if they know future mas go to bankrupt..if they know it company want to bankrupt they must sell all share at hand la...if they want to buy back all their share its means they know the price it very cheap and lowerd price at now..sory if my english bad..
The 2nd quarter is ending June which means it already past and so, it must announce the results. From my 2 earlier postings,it seems justifiable becos' it parallels with each other. I'm sure they will meet their target i.e by Aug. Khazanah only needs 90% of MAS shares in order to achieve the level of unconditional take-over. Meaning,if they had achieved then the rest of the 10% shares not owned by them would become the shares of unlisted berhad company. They could easily get to that level when the 2nd quarter results is announced. What a nightmare!!!!!
Tks Newbis, whatever it may be, shareholders must get some cash secondly how to get rid of d existing "cronies contract" in order to turnaround Mas after privatisation or bankruptcy...which is my argument n being concerned.
Since shareholders subscribed to rights issues (legally conditions attached to it) so i feel privatisation price maybe between 27-30...all r guessing so am I.
cant let mas declares bankruptcy, more damaging to the brand and the confidence of passengers.. no money = cutting corner, a risk right? if privatised, 100% owned by the msian govt, guarantee with full support from the govt, people have more confidence especially after 2 major events... my prediction, certainly , no bankruptcy.... JAL case was different, they only lose money without any crisis of confidence, without major event like MAS... the BN federal govt would not want to further jeopardise the confidence among its passengers globally. fingers crossed
hahaha i told everybody already. source from inside the co...Mas will not go for bankruptcy. Govt will inject more fund, restructure management and operation and price arrangement and route.
MAS will loss about 1 billion ringgit for 1 half FY, 2.5 billion plus or minus 0.5 billion for whole 2014FY. How much do you think it is worth after 1st half FY result is out? How much is it worth when whole 2014 FY result is out? If the company goes to PN17, let the price go down to 5 sen, then only announce privatisation bid at 8 sen (60% higher), everybody will be happy!
Malaysia Airline (MAS) won’t be burdened with escalating search and rescue costs for both flights MH370 and MH17 – as these have to be likely covered entirely by insurers up to US$2.25 billion (RM7.14 billion) in total. This good news for the national carrier, as reported by the New York Times today, is due to the insurance policy inked by MAS – which has a high cap by industry standards “because the carrier operates big Airbus A380s, each configured for 494 passengers, and it wanted ample coverage”.
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Ring
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Posted by Ring > 2014-07-22 09:32 | Report Abuse
I feel Mas may privatise first then go for bankruptcy. Khazanah will try to acquire maximum shares in d open market. The only way to get rid of "existing cronies contract" like overpriced Brahims is to go for "conditional bankruptcy" which means no need to sell d assets n creditors will get their payment...my2c opinion.