AAX fair value only rm 0.08 , they cant cope with the hige debts , they wont out from PN17 ! IT S TIME to cut vege , enjoy the feast all naive bodoh greedy gamblers who like fast money !
Be a value investor today , dont be a gambler again !
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! ____ Wow , u are first day in bursa malaysia ah , left right hand also dont know ?
Aax probably falls back to the same price like capita A, then share issued to capita A to ambil its airlines biz to resolve pn17 for both companies... Touch wood
Probably right issue for these companies that dilute existing shareholders greatly.. a big risk too
AAX is financially sound as it is. Any right issue is optional as it doesn’t need additional cash to run its operations normally. Issuance of new shares to pay for aviation biz from capital A will be sufficient to wipe off its accumulated losses. AAx needs no cash calls or creditor payments rescheduling in the upcoming reorganisation.
On the other hand capital A most certainly need to do a rights issue mayb around RM2-3b in conjunction with rescheduling of payment terms with lenders and creditors of around RM2-3b too, so that it can run its operations normally and that it’s accumulated losses can be wiped off.
Capital A and AAX is currently valued at RM3.5b combined. At its peak they two can generate RM2b net profit a year. The current market valuation is definitely not demanding.
Capital A doesn’t control aax. Each has very different shareholders. Their respective valuations for the purpose of share issuance by aax to capital A shareholders will have to reflect their respective existing financial conditions and future profitability.
Jap Nat, you forever everyday teaching stock classes in so many counters. You teaching gloomy things. I scare to listen to you.
Posted by NatsukoMishima > 10 hours ago | Report Abuse
AAX fair value only rm 0.08 , they cant cope with the hige debts , they wont out from PN17 ! IT S TIME to cut vege , enjoy the feast all naive bodoh greedy gamblers who like fast money !
Be a value investor today , dont be a gambler again !
Lower highs... Lower lows... Still downtrend... Only suitable for FIFO... Can try q buy at support 1.14 & 1.10... If U look at heikin aishi candle,already 4 black crows... But if U look at normal candle,it looks like sandwich pattern... Both bearish...
Tony won’t and shouldn’t sell its shares cheap via rights or special issue for biz acquisition. Minority shareholders won’t agree as they know AAX is financially sound as it is. It is time for rebound next Monday.
Bcoz this counter has an operator... So it's hard to predict what he's gonna do next... I long suspected it's the same operator for dataprp... Looking at the charts,it's going down again... But if the sharks wants to push,bagus lah... YTJT...
Watch out for the crucial dates, on or before 28 April 2023, the deadline for submission of Regularisation plan for AAX. The possible outcomes are: 1. Extension of the plan for another date. 2. Regularisation plan submitted to the authorities. Within these days from tomorrow trading may remain very active. The big question is will the plan holistically include Capital A?
In case you all don't know what is INVERTED HAMMER,
It is BULLISH sign.
This inverted hammer thing is a pattern for technical analysis that can spot possible trend reversal in the financial instrument price. Bro, when the open, high, and close prices are like almost the same, and got long shadow on top, and little or no shadow below, then that's it. It's like the buyers push the price up a lot during trading session, but then kena overpowered by sellers, and then the price close near the opening level.
Anyway, if this pattern appears after a downtrend and the next trading session starts with a higher price than the inverted hammer's closing price, it's a good sign.
Hi, Can any friend help to advise? I bought AAX through HongLeong bank at 2013, qty 13,300, price Rm1.1+, total investment Rm14,758
Knowing this March the share price goes up, so i logged in and found now it shows me, qty 1,330(10X-), price Rm11+ (10X+), market price Rm1.27, market value Rm1,689!!
How come i lost Rm12,992 while the price goes up? i called HL bank broker, he says AAX share consolidation at 10 Feb 2022.
Its really frustrating, I know nothing about this consolidation, where did we get this announcement? Thought newspaper or AAX website on that day? does it happen to any of you?
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....
StartOfTheBull
8,000 posts
Posted by StartOfTheBull > 2023-03-24 12:17 | Report Abuse
Friday, the selling frenzy day, across the board.