Posted by pang72 > 2023-04-27 18:55 | Report Abuse

Today SBB 3.5mils..
How long you can support this aviation company?

Posted by 1invest1 > 2023-04-27 19:02 | Report Abuse

Good news then w more exports, right on.

But, if he spends like everything's Free.
No matter how much profit also spend it all !
So, how co can make more money ?
How can share price & div go up ?

Posted by joyvest > 2023-04-28 09:22 | Report Abuse

Typically, the economic useful life of a private jet ranges from 15 to 25 years. On average , it is about 20 years. the new aircraft costs RM 210 millions and it is considered as a depreciating business asset. It is a risky biz asset as it is movable .Any thing moves is subject to high risk. Assuming that sale proceeds can be fetched for RM 50 M upon disposal after 15 years of usage , annual depreciation would be about RM 11 M plus annual maintenance costs, insurance , hangar cost , fuel,crews cost etc etc can easily come to RM 30-40 M a year .

If the annual cost including depreciation comes to about ,say RM 35 M and with the required net profit of 10% , that would come to RM 40 Million a year. Now the question is , can the Aircraft be able to generate the income of RM 40M a year? if it is unable to do so, then it is a liability to the company.

Posted by alenac > 2023-04-28 09:40 | Report Abuse

Ex auditor quits. Supermax got too much cash, father to look at what to spend on behalf of shareholders? Think again!!! The statement below as a professional reason, taken at the onset looks good. But how many of the owner's children are actually in the BOD to justify such an explanation?

"It goes without saying that having too many executive directors, especially non-independent family members, with overlapping roles would not be ideal in terms of corporate governance"


http://malaysiansmustknowthetruth.blogspot.com/2023/04/supermax-to-reshuffle-boardroom-as.html#

0 seconds ago

Posted by joyvest > 2023-04-28 10:04 | Report Abuse

Since the new aircraft is a depreciating business asset, it is subject to depreciation as well as capital allowance ( CA) . CA is a form of tax saving. For the period of 5 year, the company could save up to RM 50m in terms of Tax saving due to CA ( 24% @ 210m ) for the Aircraft alone and the total tax saving of about RM 30m( RM 24m/year x 5 years @ 24%) for the annual maintenance costs etc ( 24m a year is expected ). Hence the total tax saving for a period of 5 years would be RM 80M ( 50M+30M).

However, in terms of cashflows for 5 years on light to light basis ,the company has depleted the cash outflows of RM 175m ( RM35m per year ) . 35m is inclusive of the loss of value of RM 11 m from the use of the aircraft( depreciating asset ) . The net cash outflow depleted would be RM 95m ( 175m- 80m )having taken into account of the total tax saving of RM 80m.

It can be concluded that the the net cash outflow of about RM 95m would be depleted for a period of 5 years unless of course the company could generate a total cash inflows of RM 95m just to breakeven.

Posted by myinvestor > 2023-04-28 10:06 | Report Abuse

Her reason of resignation she is fully committed to her job as exd for Padini. So no time as non exd in supermax. She has no complain on management. No big issue, non exd come and go in the listed company is very common.

Posted by joyvest > 2023-04-28 10:26 | Report Abuse

Without any female sitting in the BOD now , the company is under the bad impression that the voice of any woman in the BOD is subject to be stifled and turned to deaf ear ( silenced) . The company is said to have compromised its ESG policy ( Environment , Social and Governance ) in the eyes of the investors.

Touching on the issue of capacities and capabilities, the seniority is subjective and should not be used as a stereotype. Though the chairman is a founder , he could be irrational and delusional in certain decision makings and could be out of his mind sometimes. It is always good to have some checks and balance with someone in the BOD who has the audacity to speak up instead of just acting as sycophants of the chairman. The overlapping roles of family members sitting in the BOD is out of the question here.

Posted by myinvestor > 2023-04-28 10:59 | Report Abuse

The company is the midst of reshuffle its boardroom to align with supermax global strategy and forward direction. Maybe "Ang Moh" lady will be on board soon. Haha

Posted by joyvest > 2023-04-28 11:07 | Report Abuse

If they replace with a Female Director in the BOD and they continue to behave like chauvinistic swines in the BOD meetings as they appear to be , they are going no way but to be ditched by investors.

Posted by alenac > 2023-04-28 11:37 | Report Abuse

Need to deplete cash like Topglove so no issue over too much of a good thing then. hahahaha...........

Posted by joyvest > 2023-04-28 11:58 | Report Abuse

No big deal for the chairman to deplete the immediate cash outflows of RM 210m followed by the net cash outflows of RM 95m ( as determined above ) in the following 5 years and so on.... However, whether the chairman can recover the total cash outflows of RM 305 m ( 210+95) in the next 5 years remains to be seen. You and me might forget about but the sharp investors across the globe have put on record and will not forget....

Posted by NatsukoMishima > 2023-04-28 13:23 | Report Abuse

if intco also losa 99m , then i think harta atleast 3xx million , Tg 500 million , spx 3xx million ! This is a kill game , at the end both china n malaysia die together with every year net loss widened , continue your dream back to 2020 , 10th round cut vege feast , enjoy all tards !

Posted by dompeilee > 2023-04-28 16:56 | Report Abuse

Their share buybacks are KILLING the recent shorties lol . The only glove counter(aside from HLT which isn't really up) to RISE today...Put into perspective, their net cash can buy up the ENTIRE co. lol

Posted by KML889 > 2023-04-28 17:31 | Report Abuse

Supermax sendirian-berhad.

Posted by AdCool > 2023-04-28 17:42 | Report Abuse

Supermax has the tendency to declare share dividends all this while. With 4.6% treasury shares now, it can easily declare a 4% share dividend.

Posted by dompeilee > 2023-04-28 18:13 | Report Abuse

Another 7.2 mil bought back 2day...including some at the final minutes I suspect :) Another 5 mil shrs to qualify for a 1 treasury shr for every 20 shrs owned in the next 2 mths...

Posted by pang72 > 2023-05-02 13:55 | Report Abuse

Use the reserve to buy private jet, SBB.. The company continues bleeding.
Just see how long you can drain out your reserve

Posted by nicholas99 > 2023-05-02 14:16 | Report Abuse

Yellen warns U.S. could default on debt as early as June 1

America wants die already. this boss still pening pening want buy planes.

Posted by nicholas99 > 2023-05-02 14:16 | Report Abuse

Keep the money in bank to collect 4% interest and give us 2% dividend lagi baik la.

Posted by KML889 > 2023-05-02 14:31 | Report Abuse

The treasury shares If distributed to All will yield more than 4 and a half percentage points lo.

Posted by dompeilee > 2023-05-02 15:11 | Report Abuse

Another day of intra-day SHORTY killings =)

Posted by KML889 > 2023-05-02 15:18 | Report Abuse

Stanley the Mastermind is behind the scenes again.

Posted by KML889 > 2023-05-02 15:19 | Report Abuse

Satu kali kasi Buy All the shares in circulation lo. Why the hassle, Stanley

Posted by KML889 > 2023-05-02 15:20 | Report Abuse

Ada extra lagi boleh beli Rocket

Posted by dompeilee > 2023-05-02 15:28 | Report Abuse

He has a 2.531 bil net cash warchest to play with, give or take 100-200 mil for the possible jet purchase...the entire co. is only worth 2.394 bil at present...

Posted by dompeilee > 2023-05-02 15:31 | Report Abuse

If he wanted he could double the no. of treasury shrs currently, distribute them as a large shr dividend & then repeat until the shorties are HI & DRY lol

Posted by KML889 > 2023-05-02 15:47 | Report Abuse

Tak payah so expensive. He already owned 39 to 40% share ma. Additional 1.4 billion enough to control 2.5 billion cash. Manyak untung

Posted by KML889 > 2023-05-02 15:50 | Report Abuse

Stanley quietly smiling and SBB and Thank you for the cheap tickets.

Posted by KML889 > 2023-05-02 16:00 | Report Abuse

Then the Texas plant either to finance by borrowings or split and divest the assets

Posted by KML889 > 2023-05-02 16:05 | Report Abuse

Come on Stanley, you are the only penny stock left. Please jaga water face ma. Private jet sudah ada.

Posted by Easyguy > 2023-05-02 16:43 | Report Abuse

Shorties kena short loh!

Posted by Jnlee > 2023-05-02 17:11 | Report Abuse

Shortie don't play 2 with Stanley

Posted by Jnlee > 2023-05-02 17:12 | Report Abuse

He have 2k million cash

Posted by NatsukoMishima > 2023-05-02 23:44 | Report Abuse

@
dompeilee

11,536 posts

Posted by dompeilee > 8 hours ago | Report Abuse

He has a 2.531 bil net cash warchest to play with, give or take 100-200 mil for the possible jet purchase...the entire co. is only worth 2.394 bil at present...
____________
All the money already burnt in USA plant bro , where got net cash 2 b, maybe you father donate !

Posted by dompeilee > 2023-05-03 07:10 | Report Abuse

U shorted heavily in the mid-80s & now trying to talk the share back DOWN? lol

Posted by KML889 > 2023-05-03 09:33 | Report Abuse

Stanley is working behind the scenes again. Good. Just ignore the Small Fries Bilis. Small bilis can talk down a stock mei. Lough lough

Posted by AdCool > 2023-05-03 14:10 | Report Abuse

5% dividend shares in hand.

Posted by dompeilee > 2023-05-03 17:46 | Report Abuse

Ok! Confirm sudah cukup treasury shrs for a 1 : 20 dividend! :)

Posted by KML889 > 2023-05-03 18:54 | Report Abuse

Kaya lo everyone. 5% share dividen. Mana mau cari. Only here with Stanley Supermax

Posted by bb0808 > 2023-05-04 14:11 | Report Abuse

When when when

Posted by pang72 > 2023-05-05 14:19 | Report Abuse

Volume shrink to 2mils but 1 mils is share buy back.
The time of stopping share buy back is end of the day for supporting the price..

Let's wait for billions throwing to drain

Posted by pang72 > 2023-05-05 14:19 | Report Abuse

64c in longer term Tp..
No other option for negative earning co

Posted by pang72 > 2023-05-05 21:54 | Report Abuse

【有線新聞】世衛宣布解除新型肺炎疫情的緊急狀態。
世衛於2020年1月宣布疫情列為「國際關注的突發公共衛生事件」，即最高級別的國際疫情緊急警戒，到日前召開緊急委員會會議建議解除此狀態。總幹事譚德塞稱接受建議及宣布解除，但強調這並不代表疫情不再對國際衛生的威脅，全球仍有許多人病重留醫，數以百萬計人有長新冠症狀；亦不是各國降低戒備的藉口，只是代表管控疫情的模式將過渡至與其他傳染病看齊；強調並非草率決定，而是綜合數據分析後的審慎決定。

Posted by pang72 > 2023-05-05 21:55 | Report Abuse

End of covid.
Thanks god, we are still alive

Posted by alenac > 2023-05-08 15:44 | Report Abuse

Yeah watching the owner finding ways to spend the company's money as the shareholders watched in disgust?
pang72
End of covid.
Thanks god, we are still alive

2 days ago

Posted by pang72 > 2023-05-08 16:02 | Report Abuse

OK, let's see how much SBB for. Today..
I just want to see how you burn the billions in sbb

Posted by pang72 > 2023-05-09 10:00 | Report Abuse

Only dare to buy 1.6mils SBB 8may..haha..

Scare liao..

Posted by KML889 > 2023-05-09 15:08 | Report Abuse

Sour grapes all can go Longkang liao

Posted by Easyguy > 2023-05-09 16:16 | Report Abuse

Lai liow!

Posted by Easyguy > 2023-05-09 16:17 | Report Abuse

Shorties burned kaw2