Tony is a sly! Know his pattern already. Wait for RM1 - RM1.10 to buy back. Just bought some capital A. Tony always play this game before covid. Now he's just repeating his trick. lol
AAX’s maintainable eps is about RM0.50 a year. Any reorganisation or asset injection must be paid for by issuance of AAX’s shares at fair value based on that maintainable eps. and should be value-accretive to AAX’s shareholders. AAX has no borrowings now, as lease liabilities are basically capitalisation with a corresponding lease assets.
The problem is Stony plans to divest CapitalA's aviation group with net current liabilities of RM (9,067,503,000) into AirAsia X in exchange of shares for subsequent distribution to its shareholders.
The announcement of the details of CapitalA' PN17 regularisation plan is by mid-April 2023. So stay tuned.
The problem is Stony plans to divest CapitalA's aviation group with net current liabilities of RM (9,067,503,000) into AirAsia X in exchange of shares for subsequent distribution to its shareholders.
The announcement of the details of CapitalA' PN17 regularisation plan is by mid-April 2023. So stay tuned.
StartOfTheBull Stony SSlee is lying. He doesn't know Capital A will not necessarily submit its regularisation plan by mid-April 2023. The deadline for submission is actually 7 July 2023.
Did I heard somone call Stony a liar?????
KUALA LUMPUR (Jan 12): Capital A Bhd is optimistic about its potential growth this year, following a strong rebound in travel demand post Covid, and expects to be out of Practice Note 17 (PN17) status by the end of this year, said chief executive officer Tan Sri Tony Fernandes.
He said the investment holding group, which is involved in aviation, logistics, lifestyle, and financial services ventures, plans to submit its finalised regularisation plan to Bursa Malaysia as early as February.
“We can be out of PN17 status, definitely this year, and I hope much earlier than that. All of the consultants are now going through all the work.
“We hope to submit to Bursa somewhere between February and April. Once we get the approval, then we will go through it,” he told reporters on the sidelines of the airasia Super App rider and driver appreciation event here on Thursday (Jan 12).
It is you Stony SSlee, not Tony Fernandes. The deadline for regularisation plan for Capital A is 7 July 2023, it is not mid of April. If Stony SSlee you are not lying you are misleading readers here.
So someone is saying CapitalA' managememt gave a misleading analysts' briefing to IBs that cover CapitalA stock????
Kenanga Research analyst Raymond Choo Ping Khoon had also upgraded Capital A’s TP to 67 sen, from 60 sen previously, but maintained his ‘market perform’ recommendation, as Capital A’s FY2022 result came in within its forecast.
“We continue to like Capital A for it being a beneficiary to the recovery in air travel as the pandemic comes to an end, its growing digital business, leveraging on its strong AirAsia brand and AirAsia’s existing client base, and its dynamic and visionary leadership that should help to steer it out of the current financial difficulty,” said Choo.
Nonetheless, Choo said that he is mindful that Capital A is still a PN17 company.
Quoting from Capital A’s analysts' briefing, Choo said the group plans to announce the details of its PN17 regularisation plan by mid-April 2023 with completion expected by the end of the third quarter of 2023.
“We gathered that the group plans to divest its aviation group to AirAsia X in exchange for shares for subsequent distribution to its shareholders,” Choo added.
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....
bingoman
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Posted by bingoman > 2023-03-20 15:40 | Report Abuse
this round rm 1.8 take profit ^^