thats why penny stocks are still risky to trade on KLSE. Dirty and horrendous performance. Stop buying them and learn from your mistakes. Blue chips are the way to go
"The Company has hedged 80% of its fuel requirement for 1Q 2020 at average Brent hedge prices of US$59.8/bbl. For the remainder of the year, the Company has hedged 72% of the fuel requirement at average Brent hedge prices of USD$59.6."
From latest qtr report. AAX paper loss in oil hedge now.
Low oil price but wrong timing for aax as consumed less oil amidst flights cancellation. Check tickets price, it is cheaper a day before promotion and become more expensive after so call promotion yesterday.
have faith in this counter. @john1102 depends on how many units you have. For me, I am definitely going down with this counter. You don't have to cut losses if you don't want to. Nothing can predict the future of airasia. They could possibly recover but the odds are low if you look at the history of airlines that went bankrupt
With 8 sen, still can consider some cheaper counters instead of putting all in this counter. Current liabilities is more than current assets (of which cash only 358 million) by 1200 million. Loans 6300 million. NTA only 0.05. London biscuit used to have high NTA but just a quarter turned into negative. Q1 is expected to be very poor unless they have way to beautify it. Q2 most likely the same, ie bad. Only for trading play as long term fundamentals = 0. May push up then follow by money call via right issues, give them $$$ again.
Just imagine those who bought it during IPO@rm1.25!!!!If u really hold it all the way,then TF play a fool once right issue@RM0.22!!!Now TF told all round the world AAX going to be a Great Year 2019!!!!But now U open your both eye see it!!!!It's 0.065 It's Black Friday!!!!!Kikiki.....What more we can said about TF???? I'm just bought it@0.065 today,Will he files his own company for bankruptcy????Or mayb another right issue 0.01-0.03????? RIP!
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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....
Mabel
24,158 posts
Posted by Mabel > 2020-03-07 10:26 | Report Abuse
@john1102 i bought it last year at 0.22, dont knw it drop like hell
04/03/2020 11:31 AM
I bought it when it was higher. Insipred by TF sugar daddy promises..
I have released most of my holding in AAX at different interval.
I'm still keeping 1000 shares as a token. I usually leave some tips on the table whenever I go for dining. It's my way of saying...THANK YOU!
Now waiting patiently to collect at 0.05
Meow..