change of name for MAS soon , I expect... like UEA, its airlines also never call UAE Airlines.... for example, Etihad, etc.... rebranding, etc etc are change of ownership. :)
The first thing MAS needs to explain to all Malaysians is : What are the mistakes made in the past that prevented the company from making profits in the past years? We want to know what were the past problems because shares prices plummeted from a few dollars to 20 cents right now! It is a national carrier and the government agency is the largest shareholders? Don't the Malaysian public deserve to know whether there were anything wrong?
Very simple solution for MH to improve current financial position :- 1) hire expertise regardless of colour !! 2) immediate cut cost on those routes that consistently not making money 3) pro-active on those routes that making money 4) no more Big Big discounts for privilege individual , including Najib (ha ha)
Create Right-issue & replace all Muppets & Govt hands lay-off then we Rock & Roll mahhhhhh ............ 100% double current share price within 12 mths !!! Any taken ??????? Ah Kou is ready , LOL
Seems not many people here amid high volume transacted everday ... I guess i3investor forumers not interested in MAS .. must be other players from other blogs or some kind of sharks. This is good ... the inverse will always be opposite and positive ... lesser retailers is better... they will only come to buy when the price is high already ... good good :)
Malaysian Airline System Bhd (MAS) is expected to be burning up cash at an even faster rate as its management will likely be forking out a chunk of ex-gratia payment to its staff. This cash outflow is on top of the losses it is already clocking up as a result of flight cancellations in the wake of the two aviation disasters that struck the national carrier. "The management, in consultation with the government, has agreed to give RM2,000 in ex-gratia payment to all staff," an industry source said, adding that the management has already made an announcement to that effect and that all staff can expect the payment as early as next month. He said the amount is a small token of gratitude for their strong sense of duty during the carrier's difficult times. According to its latest financials, the airline has 19,577 staff on its payroll. This means the airline would likely fork out an estimated RM39m in cash. (Financial Daily) Under intense pressure and an unforgiving timeline to whip up a revival plan for tragedy-struck Malaysia Airlines (MAS), Khazanah Nasional, majority owner of the national carrier, is expected to submit a broad plan to take the airline private to Malaysian Prime Minister Najib Razak next week. The plan, pieced together with adviser CIMB Group after the airline was hit by a second disaster in quick succession with the downing of flight MH17 over Ukraine, also involves an overhaul of the airline's top management, The Business Times understands. That MAS would file for bankruptcy, as widely speculated, can be ruled out. A rebranding exercise which could involve a renaming is being contemplated but that may come later as the architects of the airline's revamp, for now at least, are intent on a more substantive overhaul. "Given the depth and scale of the proposed restructuring, keeping MAS listed is going to be a distraction and quite harrowing . . . and costly," the source added. (Singapore Business Time)
Walao.. this Quarter sure DEEP RED the results. Such bad times also give bonus rm2000, totalling around RM40 Million to staff.. What kind of management is this?
MAS accumulation at 0.225 is slow and steady; one can make little pocket money everyday by queueing in the morning to buy at 0.22 and sell in the afternoon at 0.225 for the last few days
It will cost the "new" owner much more $$$ if they come in after bankruptcy , think deep lahhhh b4 making crap stmts lohhhhhh !!! I think there are tons of negotiation in progress now for the benefit of all concerned parties and heading towards New management team & additional respectable investors hv more teeth than our Govt ............... time will tell !!!
I think the gov, khazanah and mas will take tan sri abdul aziz suggestion for mas to buy airasia... and this can be done easily ... david can always overcome goliath ... same thing happend when minor banks eat major banks in 1998 .... now see what has become to both cimb and rhb ... yeeee haaaa
What is there to beware. This company is goner. It is plain insane to touch this counter. If u want a kick in gambling, go casino even better. Last time someone told me to buy when price at 0.33 is a bargain! What an idiot.
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....
Yong Chun Wah
625 posts
Posted by Yong Chun Wah > 2014-07-30 09:53 | Report Abuse
change of name for MAS soon , I expect... like UEA, its airlines also never call UAE Airlines.... for example, Etihad, etc.... rebranding, etc etc are change of ownership. :)