Govt wont let mas to declare bankruptcy. National pride. Privatisation. Spin off profitable units, sell maswings to sarawak state govt, etc. I think before aug 31, no need to announce quarterly results anymore after being delisted as a private co :)
Privatize is lucrative. They buy for company and then strip and sell assets ... Very profitable move. For our national pride to return ... It has to declare bankrupt so management can pick good staff to stay and get rid of non performing ones and close down not profitable centers. AirAsia can then transfer marketing & people know how ... No point Fernandez dabble with MAS if he has no control. Waste of his profitable time!
10 million is just peanut to do anything other than just roulette game !!! For sure if is done with substance , price will pressure toward 0.28 & beyond lohhhhhh
May be, PETRONAS will become the buyer of MAS for privatisation like it bought MISC shares to become the largest shareholder of MISC.
Petronas funds RM67m for MH370 SAR ops
Monday, August 4, 2014 - 14:37 KUALA LUMPUR: Petroliam Nasional Bhd will fund RM67 million for the deployment of the prosas towed side scan sonar and marinesupport vessel for the search-and-recovery (SAR) operations for the missing Malaysia flight MH370.
Proton privatised after Hari Raya too, after the big heads meeting secretly during kenduri. MAS will be same, buy now, don't regret. A lot UMNO and MCA funds already put in. Thats why you see millions and millions lots dissapear in seconds at 235 and 240.
I just heard NT7 news,PAC says MAS has no more cash to pay for fuel cost n wages therefore have to be delisted n taken over by Govt or go for bankruptcy... nothing mentioned about paying share holders. Tomorrow will be out in d media read for yourself?
Sorry I cannot share your excitement, of MAS prices going up. My average buying is s cool RM0.60. I am still in the slumps where MAS shares is concerned.
Ntv7 isnt it a media, is it? ... haha lol .... tomorrow in media? So thar ntv7 u heard ... was in what? Or in your "dream" ... I guess ... by the way dream is also a media ....kikiki
Just got info from insider, it will move to touch 0.30 before the announcement of Quarter Report. Then the price will go down a bit as people already anticipate the quarter report is not good and govt will come and announce the restructuring/privatization plan.
hello anbz...NTV 7...8.00 pm english news is a media everybody knows but for those who missed of course it will in d Starbiz or Times or The Edge...hope it is clear.
Malaysia Airlines, MAS will go bankrupt without any capital injection within six months.
If that happens, Public Accounts Committee, PAC chairman Datuk Nur Jazlan Mohamed said, the national carrier would likely be delisted, from Bursa Malaysia.
Datuk Nur Jazlan said the government could only formulate new strategies for MAS after taking over the national carrier.
And more importantly, MAS' management, shareholders and its existing contract need to be reviewed before a new business plan is formulated to regain customers' confidence in the company.
For the long term, he said, a strategic collaboration with foreign airlines should be considered, to face open sky competition.
Meanwhile, Maybank's aviation analyst said MAS is operating with an estimated seven million ringgit in losses a day following the MH370 and MH17 tragedies.
He proposed MAS to cease international routes, and focus on domestic routes that are profitable.
Very clearly MAS have too many "CEO" and speak fr diff voices !!! Left hand say focus on short haul routes n at the same time Right hand say focus long haul routes ........ at least nth hands claims the respective routes are profitable ........... now !! that's your conclusion , lohhh We can't even organise our "Piss-up" party and what the chance MAS hv any remote chance to be BETTER ........
You think those politicians so stupid want to delist MAS but still put it on the news open publicly? That's not Malaysia government style bro..something big must be happening soon, try to lower the price but hardly..
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 > 2014-08-03 21:55 | Report Abuse
Govt wont let mas to declare bankruptcy. National pride. Privatisation. Spin off profitable units, sell maswings to sarawak state govt, etc. I think before aug 31, no need to announce quarterly results anymore after being delisted as a private co :)