Posted by Balian de Ibelin > 1 month ago | Report Abuse

Typical scammer talk.
Cashflows shows not enough cash to pay lease rentals but scammers claim bankruptcy is a good thing.
Go figure 😁

Posted by Balian de Ibelin > 1 month ago | Report Abuse

SSLee been giving free lessons on cashflows for many moons now but suckers still believe scammers sex talks. Go figure. 😁

Posted by Balian de Ibelin > 1 month ago | Report Abuse

I have encountered exact same situation many times before.
Those other forums are Transmile. First Republic Bank, Megan Media, Lonbisc.
Most recently was Serba.
In fact during Lonbisc time, a famous i3 blogger and also book author on stocks was arguing with me about Lonbisc.
After Lonbisc was delisted, ShitFool book author disappeared from i3.
I believe many scammers still miss their Chief Scammer. Go figure. 😁

Posted by Sslee > 1 month ago | Report Abuse

Two leading private credit funds, Ares Management Corp and Indies Capital Partners, will provide $200 million of the funding, which will be strategically utilised to reactivate aircraft that were grounded during the pandemic. The remaining $243 million tranche, subscribed by sting aircraft lessors will be used to refinance existing lease liabilities, further strengthening its balance sheet

If you look into capA balance sheet and cashflow from financing activities:
The first bond for repayment of borrowing and maintenance due and second bond issue to lessors to roll over lease payments due.

CapitalA did not generate enough cash flow to pay lease liabilities due and some of those unpaid lease liabilities keep roll over (even as other payables in Balance sheet)

As at 30/6/2024
RM '000
Current liabilities:
Trade and other payables: 4,725,450
Aircraft maintenance provision and liabilities: 1,950,706
Amt due to related parties:502,283
Borrowings: 809,799
Current portion of long debentures: 191,518
Lease liabilities: 5,510,697
----

Posted by Sslee > 1 month ago | Report Abuse

The facts:
More borrowings instead of repayment of borrowings.
As at 30/6/2024
Cash flow from financing activities:
Proceeds from borrowings: RM 418,826,000
Repayment of borrowings: RM (143,138,000)
Repayment of lease liabilities: RM (1,792,676,000)
Net cash used in financing activities: RM (1,516,988,000)

Posted by Balian de Ibelin > 1 month ago | Report Abuse

Those very exact same claims were always made in Megan Media, Transmile, Lonbisc, Serba and even First Republic Bank plus countless others where scammers always claim cashflows show 100% concrete proof that can pay debts.
In actual fact these cashflows always showed company already died.
Those people unable to read cashflows or too lazy to bother about sslee died together with scammers. Go figure 😁

Posted by Sslee > 1 month ago | Report Abuse

CapA is technically a bankrupt/insolvent company.
It's already a miracle that Stony managed to keep it afloat and running.

Posted by Balian de Ibelin > 1 month ago | Report Abuse

No worries
Serba was kept afloat for more than 6 years after bankruptcy.
The Professor is still a sore loser to the Dubai Feller 😁

Posted by Balian de Ibelin > 1 month ago | Report Abuse

In Serba, Ernst found a entire box full of other companies' rubber stamps. Ha ha ha.
Scammers claimed until delisting that Serba cashflows showed 100% concrete proof can pay debts.
Exact same case is happening here again. Ha ha ha😁

Posted by Sslee > 1 month ago | Report Abuse

That Dubai Fellow I already wrote below email to MSWG with CC to Bursa and SC

https://klse.i3investor.com/blogs/Sslee_blog/2024-10-08-story-h470973957-Class_action_against_Serba_Dinamik.jsp

Posted by Sslee > 1 month ago | Report Abuse

As of Stony I already done my part:
Question 10: BOD, In the event of a default of payables, could the Board of Directors of both Capital A and AirAsia X potentially face legal repercussions, such as charges of Wrongful or Fraudulent Trading under Section 540 and Section 539 of the Companies Act 2016?

Posted by The_JQuestion > 1 month ago | Report Abuse

he already address some question in yesterdays Webinar ? if u fllow Sir tony close enough , he will give u some juicy info . All ur accounting problems ? He even mention he is writing off forex losses of up to 1 billion , thats going to be profit .
Cap A is going to get two cumulative profit period and goodbye pn17 !!! Make it look so easy :))

Posted by Sslee > 1 month ago | Report Abuse

Did someone able to different cash flow and foreign exchange gain/loss?

Can capA generated enough cash flow to pay the current liabilities?
If not how capA going to avoid default on payables/borrowings due?

Posted by The_JQuestion > 1 month ago | Report Abuse

https://theedgemalaysia.com/node/709390
u can read more on ur debt... anyways the debt will be transferred to the new CO . not with cap A , u are still complaining at a non relevant space. Stony can easily answer ur whining questions , BUrsa approved it. U can just complain like the rest of whining customers, this deal is going through . u can do nothing but watch :))

Posted by The_JQuestion > 1 month ago | Report Abuse

Profiting quarters are coming this year :)) .... get ready to WATCH more , u can enjoy being sceptical together with ur saggin friend.
His reply is simple , not only bursa approved. Audited by renowned firms like Ernts & young , u question him when all this is done by the best and approved?? Stop wasting time , and living in the past , masi Covid DEBT? Tony ask u to MOVE On , Tan sri ready for the MOON !

Posted by Sslee > 1 month ago | Report Abuse

I am watching closely with popcorn and cola in front row how Stony' Bollywood dance will end.

Is CapA out of PN17 at the expense AAX fall into PN17?

Posted by rhtc88 > 1 month ago | Report Abuse

Can capA generated enough cash flow to pay the current liabilities?

Laugh at it....Seriously? All Current Liabilities need settle by Cash by once? Who tell you need to be it so? Fixed Assets not worthy?

Posted by Balian de Ibelin > 1 month ago | Report Abuse

SSLee
No need worry.
AAX will transfer to another Australasia Airline.
That's another 20 years of bankruptcy Koong Kang Koong Kang
Australasia Airline will exist in 20 years bankruptcy.
Australasia Airlines will transfer to Global Airlines.
Global Airlines will exist in 20 years bankruptcy.
Global Airlines will transfer to Universe Airlines.
Universe Airlines will exist in 20 years bankruptcy.
Universe Airlines will transfer to Milky Way Airlines.
Milky Way Airlines will exist in 20 years bankruptcy.
Milky Way Airlines will transfer to Andromeda Airlines.
Andromeda Airlines will exist in 20 years bankruptcy.

Repeat Ad Infinitum for next 10,000 years.

SSLee
I am an expert in this type of Madoff Ponzi Schemes.
I face these Ponzi Schemes everyday in my line of work.
Many ways and means to skin the cat. The cat always end up dead though.

Posted by Sslee > 1 month ago | Report Abuse

masi Covid DEBT? Tony ask u to MOVE On , Tan sri ready for the MOON !

Is The_JQuestion imply Tan sri told him Covid DEBTs and Covid Lease liabilities do not need to be repaid and Tan sri ready to fly his planes to the moon?

Posted by Balian de Ibelin > 1 month ago | Report Abuse

Exact same scammer reply as per Serba, Lonbisc, Transmile, Megan Media, Enron, Theranos case etc etc
Serba scammers also tried to say that monthly office rentals no need to pay since it is current liabilities.
Same with monthly plane rentals or monthly car Hire Purchase Rentals.
All are current liabilities so no need to pay. Go figure. 😁
I had not seen any new scammer replies for 40 years already. 😁

Posted by Mabel > 1 month ago | Report Abuse

KUALA LUMPUR: Honest and Trustworthy AirAsia Group Bhd has been recognised by the OAG Megahubs Index 2024 as a key contributor to Kuala Lumpur International Airport's (KLIA) ranking as the world's top Low-Cost Carrier (LCC) Megahub.

https://www.thestar.com.my/business/business-news/2024/10/10/airasia-drives-klia-to-top-global-lcc-megahub-status-announces-new-routes?__sta=vhg.uosvpxQddhqne.jsu0sv%7CIFFBVHQ&__stm_medium=email&__stm_source=smartech

Posted by BlackQ > 1 month ago | Report Abuse

I bet after Monday vote, Cap A will LD, then all people will think is “adjust” , actually is “trapped” until 2025 “release PN17”.

Posted by BlackQ > 1 month ago | Report Abuse

If out capital can “hold” 6months….

Posted by JrWarren > 1 month ago | Report Abuse

I agree with Lee, lets grab a cola and popcorn to watch the show from TonyWood, quality as good as Hollywood and Bollywood.

Posted by JrWarren > 1 month ago | Report Abuse

In 2025, i3 - AAX will become more active once you all go there.

Posted by Sslee > 1 month ago | Report Abuse

Just send:
Dear Capital A IR,

Thank you very much for your above email.

A commentator posted below in an investment forum:

he already address some question in yesterdays Webinar ? if u fllow Sir tony close enough , he will give u some juicy info . All ur accounting problems ? He even mention he is writing off forex losses of up to 1 billion , thats going to be profit .
Cap A is going to get two cumulative profit period and goodbye pn17 !!! Make it look so easy :)) 11/10/2024 9:08 AM

The above posting had prompted me to ask below further questions:
As at 30/6/2024
Total current assets: RM 2,319,481,000
Total current liabilities: RM 15,798,327,000
Net current liabilities: RM 13,478,846,000

Question 1: BOD, can CapitalA generate enough cash flow to pay for all the current liabilities in the next 12 months?

Question 2: If the answer is NO, then how is Capital A/AAX going to avoid payment default especially on trade and other payables, aircraft maintenance, amount due to associate and related parties, borrowings, current portion of long term debentures and lease liabilities?

As at 30/6/2024
RM’000
CURRENT LIABILITIES
Trade and other payables: 4,725,450
Aircraft maintenance provision and liabilities: 1,950,706
Sales in advance: 2,041,289
Amounts due to associates: 21,297
Amounts due to related parties: 502,283
Borrowings: 809,799
Current portion of long term debentures: 191,518
Lease liabilities: 5,510,697
Derivative financial instruments: 24
Provision of taxation: 45,264

Please forward the above questions to the BOD for them to prepare the answers

Thank you

Have a good day

Posted by stncws > 1 month ago | Report Abuse

boss says yesterday RM1 is great value ....and worth 5 6 billion

Posted by Mabel > 1 month ago | Report Abuse

#The_JQuestion https://theedgemalaysia.com/node/709390
u can read more on ur debt... anyways the debt will be transferred to the new CO . not with cap A , u are still complaining at a non relevant space. Stony can easily answer ur whining questions , BUrsa approved it. U can just complain like the rest of whining customers, this deal is going through . u can do nothing but watch :))
11/10/2024 9:20 AM

The aviation debt will be transferred to the New CO and will not stay in Capital A. Cap A shareholders get AAX shares as compensation. After corporate exercise, CAP A share price will adjust to market maker’s price movement, but Mabel has received new shares from AAX.

If AAX revenue in 2025 is RM 12.4 Billion, Capital A’s gain from its 18.39% stake in AirAsia Aviation Group Ltd (AAG) based on AAX’s projected revenue of RM12.4 billion in 2025, Capital A would gain approximately RM2.28 billion from its 18.39% holding in AAG if AAX’s revenue in 2025 is RM12.4 billion from the aviation business..

Capital A will be out of PN17…

As of November 22, 2023, AirAsia X (AAX) has exited its PN17 status. Bursa Malaysia approved AAX’s application for the upliftment of its PN17 status, which took effect on that date1. This means AAX is no longer classified as a PN17 company

Bottom line Mabel will be the proud shareholders of Capital A and AAX with both companies out of PN17.

Thank you so much Magician Tony. You are the best !

https://www.thestar.com.my/business/business-news/2023/11/22/aax-exits-pn17-status-on-positive-showing

Posted by The_JQuestion > 1 month ago | Report Abuse

https://www.thestar.com.my/business/business-news/2024/10/10/airasia-drives-klia-to-top-global-lcc-megahub-status-announces-new-routes
AirAsia Group Bhd has been recognised by the OAG Megahubs Index 2024 as a key contributor to Kuala Lumpur International Airport's (KLIA) ranking as the world's top Low-Cost Carrier (LCC) Megahub.
TOP LCC MEGAHUB thanks to Airasia .... TOP in the WORLD.. and GROWING ?? only those BUTA , BIASED , SORE LOSERs but the FACT is in front of ur eyes. GO to KLIA 2 , see how much value it created , all thanks to WHO?
LONG TERM PLAN is very intact , u also hear sir Tony tan Sri saying many are interested to INVEST... with the plans going through. He will unlock all the VALUEs in EACH company as he is helming CAP A for another 5 years. Another few IPOs too , in case none of u been following

Posted by Sslee > 1 month ago | Report Abuse

As at 30/6/2024
Non current assets: RM 26,053,575,000
Non current liabilities:RM 23,819,165,000
Non current asset hardly cover non current liabilities.
And of the non current assets
Intangible assets: RM 4,484,508,000
Deferred tax assets: RM 1,387,458,000

What will happen if company cannot repay the current borrowing, lease liabilities, trade and other payables and etc?

Posted by rhtc88 > Oct 11, 2024 9:38 AM | Report Abuse

Can capA generated enough cash flow to pay the current liabilities?

Laugh at it....Seriously? All Current Liabilities need settle by Cash by once? Who tell you need to be it so? Fixed Assets not worthy?

Posted by paulthesotong > 1 month ago | Report Abuse

Minorities are upset when CapA is green...?

Posted by Sslee > 1 month ago | Report Abuse

If you dafault on borrowings repayment due then all the banks will recall their borrowings at once

If you dafault the lease payment the lessors have the rights to pull out their planes.

If you default of trade and other payables the creditors have the rights to get a court order to ask company to pay up or put the company under administrator and auction you assets

Posted by paulthesotong > 1 month ago | Report Abuse

Not all debt companies are created equal !...flyhigh

Posted by ken2004 > 1 month ago | Report Abuse

To be fair, all this liabilities, those debtors won't push till bankrupt as long as the company able to gain revenue to repay which this company proven so far able to as it is recovering. This is why I just speechless when said till can give out dividend as how on earth those debtors will be convince if you got money to give out dividend but not repaying me more lol.......

Posted by Balian de Ibelin > 1 month ago | Report Abuse

If got dividend lawsuits will start.
Once started AAX will go under liquidation within 12 months. Many hope the Professor is stoopied enough to pay dividends 😁

Posted by Balian de Ibelin > 1 month ago | Report Abuse

Scammers are still white washing with Bursa approved it.
Bursa had transitioned to market disclosure more than 20 years ago.
Bursa do not approve anything.

Companies lodge their documents with Bursa as an archive for public.

Posted by Balian de Ibelin > 1 month ago | Report Abuse

Even with IPOs, companies need market sponsors. Anything wrong Bursa goes after the market sponsor.
Bursa does not approve anything.

Posted by Income > 1 month ago | Report Abuse

Balian Sir, helps please in Scib forum promoting it.
I still hanging my underwear in Scib, Malunya..

Posted by Balian de Ibelin > 1 month ago | Report Abuse

Everytime and always scammers try to brainwash that documents are holy since Bursa approved it.
Actually i keep repeating again Bursa does not approve anything. It's merely lodged for public access.

Companies will need to answer questions in court for documents lodged with Bursa for public access.

Posted by JrWarren > 1 month ago | Report Abuse

Company is a single separate entity.
AFTER AFTER AFTER corp exercise, outstanding debt is about RM1.7b (600m is Bursa loan stock). The debts are repaid via installment over the years.
So the dividend payout is normal if Cap A choose to do so.
There are tons of public listed companies with bank borrowing and other form of debt, yet still paying dividend at lower payout ratio from 20% ~ 50%. If no debt (ie UP and Inno), the payout ratio may up to 80%. Certain borrowing may required creditor approval prior to dividend declaration, but such reject of payout is not absolute.
When you think for yourself, you fail to see the opposite.
Creditor: I want earn interest and also make sure AA pay on time. However, please DONT DONT DONT do prepayment because I want earn the interest for longer period, else my annual budget on loan asset and interest income will have shortfall.
Investor: Cap A earn alot money but all goes to pay debt adi, sure no dividend for next few years, lets dump this counter and buy other counter.

Posted by The_JQuestion > 1 month ago | Report Abuse

smart money will know where to FLOW... mr . Market will show u who is RIGHT , who isn't :)))
too OLD school , by the book ... will not have brought cap A and AAX to such GREAT HEIGHTS , one should keep note. It is REACHING greater HEIGHTS!!! not ready to LAND , it is evident that MALAYSIA has chosen its rightful and best carrier to bring it FORWARD , King of LCC !

Posted by Sslee > 1 month ago | Report Abuse

The Professor is smart that is why he keep all his RCUIDS and earned the share of profit/interest payment.

The bankers are smarter lend money to Professor and keep the RCUIDS as collateral, no worries about interest and loans repayment.

Posted by Sslee > 1 month ago | Report Abuse

Mabel even smarter, buy low sell high and buy high sell higher.

Posted by Income > 1 month ago | Report Abuse

Balian sir, u promote SCIB but you run away after that。Please go back to SCIB to promote it. I am hanging underwear there。

Posted by Income > 1 month ago | Report Abuse

Balian is even better, u promote SCIB but you run away after that。
Bankers kalah to Balian

Posted by The_JQuestion > 1 month ago | Report Abuse

balian and sslee together , nvr lose :)) ... ask more useless questions , even I KNOW how Tan sri will answer. let him enjoy his moment while we enjoy the PRO-FITs , anyone can have their own way
i wonder how much market AA has taken at q4 with MAS and batik drop in market SHARE :)) ... HELp them pls !! AA is stronger than EVER, after pn17 even more POTENTIAL with no FINANCIAL WOES...

Posted by Income > 1 month ago | Report Abuse

Sslee sir only worry about AA stock but never worry about top G low, even though top G is bleeding cash.

Posted by ken2004 > 1 month ago | Report Abuse

If AAX revenue in 2025 is RM 12.4 Billion, Capital A’s gain from its 18.39% stake in AirAsia Aviation Group Ltd (AAG) based on AAX’s projected revenue of RM12.4 billion in 2025, Capital A would gain approximately RM2.28 billion from its 18.39% holding in AAG if AAX’s revenue in 2025 is RM12.4 billion from the aviation business..

LOL, if you really think like this, gone case jor, revenue <> profit/loss plus this does not work like that, if it work like this, we all the shareholders rich already when their profit can go into our pocket, LOL, shareholders only can access the profits if there is dividend declaration.......

Posted by JrWarren > 1 month ago | Report Abuse

I dont want to conduct accounting class again, 18.39% shareholding is not consider as subsidiary, so u go think what come next in Cap A book record.

Of course I am expecting dividend from Cap A , NOT AAX ... Because the non-aviation segment has sufficient profit for dividend and debt repayment (current & non-current), just see Cap A management want to declare the dividend or not.

Even now I still enjoy cash flow from CAP A, because I do my homework and able to close the information gap not available direcrly to most retail investor. However, this information actually published in fragment inside the quarterly & annual report.

Posted by Sslee > 1 month ago | Report Abuse

Posted by JrWarren > Oct 11, 2024 4:48 PM | Report Abuse
I dont want to conduct accounting class again, 18.39% shareholding is not consider as subsidiary, so u go think what come next in Cap A book record

Just a question then why capA accounting AAV and IAA as subsidiary?

CapitalA FYE 2023 report: Summarised statements of financial position as at 31th December are as follows:
Effective Holding
AAV: IAA: PAA
40.71%: 47.43%: 97.71% (99.66 latest)
FYE 2023: FYE 2023: FYE 2023
RM’000: RM’000: RM’000
Non-current assets: 8,094,574:1,627,381: 908,863
Current assets: 1,831,039: 231,987: 242,429
Non-current liabilities: (6,223,938): (2,283,702): (1,679,148)
Current liabilities: (2,573,670): (1,965,010): (3,205,168)
Net (liabilities)/assets: 1,128,005: (2,389,344): (3,733,024)