Congrats to those who had made some money. The large majority of positive comments here has drowned out the continuous negative comment from Sslee. He simply cannot catch up anymore. But he won’t give up just yet.
Sslee and her boyfriend have been posting negative comments when the price was between 60c and 70c. Is there anyone missed the opportunity after reading their comments? Hope those who bought in after that can still make some profit later.
I never doubt on AAX . They can recover very fast from their losses through no fault of themselves. The beauty is that they can make everyone fly from one remote place to another remote place at affordable price. The people all over the world love this budget airline. Thats why the births of budget airlines are getting more and more. Their business model is good and so is the prospects .
Addicted to AAx. I called Stony to help shoring up AAx but Stony said no money to help. That’s why now you see this deep red. How? Must ask Stony to be replaced???
Are you saying some sydicate members were selling left hand to right hand and then right hand to left hand to pump and dump?
Posted by purple70 > Mar 23, 2023 6:09 PM | Report Abuse If one adds the total trade of last 2 weeks, its more than the no of shars in issues and yet SC is so quiet about it!
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
As at 31/12/2022 CapitalA net liabilities is RM (9,427,491,000) of which net current liabilities is RM (9,067,503,000)
So the only way for CapitallA to be out of PN17 is to transfer all above net liabilities to AAX. Am I right? Any comments?
Letter Subject or Reference - UNUSUAL MARKET ACTIVITY AIRASIA X BERHAD
Type Reply to Query Reply to Bursa Malaysia's Query Letter - Reference ID IQL-17032023-00002 Subject Letter Subject or Reference - UNUSUAL MARKET ACTIVITY Description UNUSUAL MARKET ACTIVITY ("UMA") - QUERY BY BURSA MALAYSIA SECURITIES BERHAD (REF NO. : IQL-17032023-00002) Query Letter Contents We draw your attention to the sharp rise in price and volume of your Company’s shares recently (“trading activity”). In light of the above and in order for investors to be able to make informed investment decisions, you are requested to respond, after making due enquiry with your directors, major shareholders and such other relevant persons, to the following queries immediately for public release in accordance with paragraph 9.11 of Listing Requirements :
1. Whether there is any corporate development relating to your Group’s business and affairs that has not been previously announced that may account for the trading activity including those in the stage of negotiation/discussion. If yes, kindly provide the details including status of the corporate development to enable investors to make informed investment decisions 2. Whether there is any rumour or report concerning the business and affairs of the Group that may account for the trading activity and in this respect, you are required to comply with Paragraphs 9.09 and 9.10 of Bursa Securities LR; 3. Whether you are aware of any other possible explanation to account for the trading activity; and 4. Whether you are in compliance with the Bursa Securities LR, in particular Paragraph 9.03 of the Bursa securities LR on immediate disclosure obligations. Please note that the contents of the announcement must be endorsed by the Board of Directors of the Company and the announcement must reach Bursa Securities immediately via Bursa LINK.
Yours faithfully,
Bursa Malaysia Securities Berhad
We refer to Bursa Malaysia Securities Berhad’s (“Bursa Securities”) Unusual Market Activity query dated 17 March 2023 in relation to the sharp rise in price and volume of AirAsia X Berhad’s (“Company”) shares, the Board of Directors wishes to confirm that to the best of their knowledge and after having made due enquiries with the Directors, major shareholders and such other relevant persons, the following:
1) Whether there is any corporate development relating to your Group’s business and affairs that has not been previously announced that may account for the trading activity including those in the stage of negotiation/discussion. If yes, kindly provide the details including status of the corporate development to enable investors to make informed investment decisions;
The Company and the appointed advisers are in the midst of formulating and/or evaluating the proposals to develop the Proposed Regularisation Plan to holistically restructure its business and financial condition pursuant to the Practice Note 17 of the Main Market Listing Requirements (“Bursa Securities LR”). Save for this, the Board is not aware of any corporate development relating to the Company and its subsidiary companies’ (“Group”) business and affairs that has not been previously announced that may account for the trading activity including those in the stage of negotiation/discussion.
2) Whether there is any rumour or report concerning the business and affairs of the Group that may account for the trading activity and in this respect, you are required to comply with Paragraphs 9.09 and 9.10 of Bursa Securities LR;
The Board is not aware of any rumour or report concerning the business and affairs of the Group that may account for the trading activity.
3) Whether you are aware of any other possible explanation to account for the trading activity; and
The Board is not aware of any possible explanation to account for the trading activity.
4) Whether you are in compliance with the Bursa Securities LR, in particular Paragraph 9.03 of the Bursa Securities LR on immediate disclosure obligations.
The Group is in compliance with the Bursa Securities LR, in particular Paragraph 9.03 of the Bura Securities LR on immediate disclosure obligations.
Announcement Info Company Name AIRASIA X BERHAD Stock Name AAX Date Announced 17 Mar 2023 Category General Announcement for PLC Reference Number GA1-17032023-00060
PRACTICE NOTE 17 / GUIDANCE NOTE 3 : MONTHLY ANNOUNCEMENT AIRASIA X BERHAD
Type Announcement Subject PRACTICE NOTE 17 / GUIDANCE NOTE 3 MONTHLY ANNOUNCEMENT Description MONTHLY ANNOUNCEMENT PURSUANT TO PRACTICE NOTE 17 OF THE MAIN MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD Reference is made to the Company’s announcements dated 29 October 2021, 1 November 2021, 1 December 2021, 3 January 2022, 3 February 2022, 1 March 2022, 1 April 2022, 5 May 2022, 1 June 2022, 1 July 2022, 1 August 2022, 1 September 2022, 3 October 2022, 12 October 2022, 2 November 2022, 1 December 2022, 3 January 2023 and 2 February 2023 (“Announcements”).
(Unless otherwise stated, all abbreviations and terms used in this announcement shall have the same meanings as those defined in the Announcements.)
The Board of Directors wishes to announce that the Company and the appointed advisers are in the midst of formulating and/or evaluating the proposals to develop the Proposed Regularisation Plan to holistically restructure its business and financial condition.
Pursuant to the announcement dated 2 November 2022 in relation to the approval from Bursa Securities for the extension of time up to 28 April 2023 for the Company to submit its regularisation plan to the relevant regulatory authorities, the Company has approximately two (2) months to submit the Proposed Regularisation Plan to the relevant regulatory authorities for approval to implement the same.
The Company shall make the necessary announcement(s) with regard to any material development thereof accordingly.
This announcement is dated 2 March 2023.
Announcement Info Company Name AIRASIA X BERHAD Stock Name AAX Date Announced 02 Mar 2023 Category General Announcement for PLC Reference Number GA1-02032023-00030
Thanks god exited at 1.70 after it got UMA. At least secured the profit first and wait for appropriate u turn first before re entering. Now looks like falling atomic.
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....
dericsia
14 posts
Posted by dericsia > 2023-03-22 16:47 | Report Abuse
PLs go gate RM1.65