Posted by Spacewhalezz > 2023-06-02 16:50 | Report Abuse

next week rm2.00 for sure

Posted by ks5S > 2023-06-02 16:52 | Report Abuse

Monday King birthday
RR88 received tan Sri award for his contribution in TA😅😅

Posted by joyvest > 2023-06-02 17:02 | Report Abuse

That fellow will check his candlestick tonite.No need to check , it has been crossed over to bullish and also as a result of oversold position.

Posted by The_JQuestion > 2023-06-02 17:08 | Report Abuse

he dont dare admit ... always wrong but boast so loud.... keep wan push price down for his amusement ,, whoever listen him bankrupt waiting hehe pn17 already
if im him i can say stock go up non stop and come down non stop index also up to him

Posted by Chris James > 2023-06-02 17:26 | Report Abuse

can go rm 8?

Posted by ks5S > 2023-06-02 17:51 | Report Abuse

USD 8 also can go up if u everyday chant this mantra... oil go south Aax go north

Posted by Chris James > 2023-06-02 18:46 | Report Abuse

cun

Posted by klee > 2023-06-02 19:12 | Report Abuse

rr88 and his sidekick i3licker...the 2 stooges of i3....now after rumour mongering about aax issuing billions of shares to acquire airasia,i3licker is back stabbing rr88 to save face,of these 2 the licker is the worse,a complete fcuker.

Posted by Hotstuff > 2023-06-02 19:26 | Report Abuse

hope you enjoy your weekend with your kaching USD100.

Posted by Janus Mun > 2023-06-02 19:29 | Report Abuse

wave 4 retracement done,50% retracement,1st target 2.35

Posted by Janus Mun > 2023-06-02 19:36 | Report Abuse

both AAX and CAPITAL A charts look positive,capital A closed above MA10 and big long green candle.AAX bullish harami candle pattern plus closed above the trendline frm high 2.15 to 1.66 low.

Posted by joyvest > 2023-06-02 19:38 | Report Abuse

Given the recent promising QRs of both AAX and CA,the regularisation plan appears to be smooth to be finalised well in time of submission to SC for approval. It is very promising indeed.

It is believed that Eatcoconutcanwin should feel relieved by now and continue to eat coconut but make sure it is free from husk and shell

Posted by Janus Mun > 2023-06-02 19:43 | Report Abuse

from my EW count from 1.18,the high 2.15 ISNT the last high.as i keep mon seeing the waves,it shouldnt be over as there is missing 1 wave down plus 1 last wave up.i wanted to make correction,the target is 2.25.....not 2.35.

Posted by Janus Mun > 2023-06-02 19:52 | Report Abuse

capA and AAX both shown WYCOFF accumulation pattern.

Posted by Michael Kwok > 2023-06-02 20:09 | Report Abuse

Tht not the technique.recommend skbshuttle 35-36 cents.maybe got tht pattern in skb.
2/6/23 8.10pm

Posted by Janus Mun > 2023-06-02 20:12 | Report Abuse

just ready to cut lost if u enter at 1.70

Posted by ks5S > 2023-06-02 20:41 | Report Abuse

those 3 funds bought millions in 1.55
they will strongly defend this price. Therefore, current price is the right time to enter again. Don't be conned by those fake sifu TA again by become headless chicken.

Posted by joyvest > 2023-06-02 20:52 | Report Abuse

No sign of that creep any more?

Posted by icecool > 2023-06-02 21:21 | Report Abuse

aax went up funny rr88 did not claimed he made money

Posted by Patient Investor > 2023-06-02 21:39 | Report Abuse

Wonder why management and major shareholder not buying....

Posted by Patient Investor > 2023-06-02 21:40 | Report Abuse

@ks5S why the funds have to defend the price? They comes in as investor, not share price defender.

Posted by The_JQuestion > 2023-06-02 21:48 | Report Abuse

idk have u seen any shareholder buy their own pn17 stocks? probably to exclude any rumours ,, if they do the share will fly HIGH to the SKY

Posted by EatCoconutCanWin > 2023-06-02 22:41 | Report Abuse

Relax. There is nothing to worry. Is the airline still operating? Yes!! Answer is clear, business on going. What to worried about. There is full seated seen at aax.

Posted by ks5S > 2023-06-03 08:07 | Report Abuse

tony and the fund manager has formed a party perikatan to defend the price 1.55 whatever matter . This has been worked out before fund manager release money to aax. Which fund manager want to invest more if drop below 1.55 ? Therefore, Tony very careful on this.

Posted by ks5S > 2023-06-03 08:17 | Report Abuse

the price will continue move up above 1.55 .
maybe another fund raise thru kwsap , epf and khazanah once out of pn17.
this time the price raise will be more higher ... probably around 2.50

aax have to sell cheap at 1.55 to the current 3 funds as it is still under pn17. Once out from pn17, aax tarik harga when raise fund.

Posted by Sslee > 2023-06-03 08:18 | Report Abuse

The only worries is STony keep saying CapitalA PN17 regularisation plan due in July 2023 is to divest its aviation group to AirAsia X in exchange of shares for subsequent distribution to its shareholders.

So AAX need to issue how many billions AAX to CapitalA and the CapitalA aviation come with how many billions liabilities?

CapitalA as at 31/3/2023: As at 31/12/2022
RM'000: RM'000
Net current liabilities: (8,524,896): (8,509,066)

Equity
Owner of the Company: (5,553,254): (5,725,093)
Non-controlling interests: (3,822,946): (3,791,865)

Posted by Sslee > 2023-06-03 08:25 | Report Abuse

CapitalA shareholders will get AAX share for free and AAX shareholders will get capitalA aviation with billions in liabilities. That is Stony's PN17 regularisation plan for now.

Posted by BobAxelrod > 2023-06-03 08:27 | Report Abuse

So Sslee, you have picked the surviving son of the 2 ????......

Posted by Sslee > 43 seconds ago | Report Abuse

CapitalA shareholders will get AAX share for free and AAX shareholders will get capitalA aviation with billions in liabilities. That is Stony's PN17 regularisation plan for now.

Posted by Sslee > 2023-06-03 08:28 | Report Abuse

After that AAX will need another roud of debts restructure, capital reduction and XX to 1 share consolidation.

Posted by BobAxelrod > 2023-06-03 08:30 | Report Abuse

Doesn't matter....AAX gets sucked into a black hole.....the surviving son matters...


Posted by Sslee > 1 minute ago | Report Abuse

After that AAX will need another roud of debts restructure, capital reduction and XX to 1 share consolidation.

Posted by Sslee > 2023-06-03 08:35 | Report Abuse

Bob,
Me trying to choreography STony new bollywood dance move

Posted by BobAxelrod > 2023-06-03 08:37 | Report Abuse

Yeah, Stony keeping the tango moving in all directions. Smart Investors still trying to work out which of the 2 sons would have ROI and which goes to the slaughter house.

Posted by ks5S > 2023-06-03 08:55 | Report Abuse

AAX will have superb growth once it take over Cap A airline business.
Future is bright with current low oil price. No need to go thru organic growth .Very slow.

Good time is coming.

Posted by Sslee > 2023-06-03 09:21 | Report Abuse

Yes ks5S is right. Revenue super growth by 6 - 9 X and liabilities by many many X. Very very good time is coming

Posted by ks5S > 2023-06-03 09:27 | Report Abuse

This liabilities will be restuctured to suit AAX revenue growth.
It is not a straight forward calculation as you think. There are smart accountant working on this deal. I dont think Tony want to kill both sons or bully one son but sayang the other more . it is a win-win situation between AAX and CapA

Posted by joyvest > 2023-06-03 10:09 | Report Abuse

with the generation of the total average earnings of RM 400 million per quarter from both AAX and capital A , both companies can pay off their combined debts within two years or even faster . No matter how they are structured , they can pay off each other debts within their reach. Hence no cause of concern.

Posted by ks5S > 2023-06-03 10:32 | Report Abuse

sia is lucky as spore govt become shareholder and pump money due to pandemic .

aax and capA left alone to struggle without any help. Now they recover and it is consider good achievement for them to turnaround such a short period. That is a real entrepreneurship shown by Tony and his management.

IF khazanah (govt fund) want them to merge with MAS, then the govt have to give higher value to AAX.

Posted by joyvest > 2023-06-03 10:46 | Report Abuse

The debts of the Capital A can be assigned to AAX . In the book of Capital A, the debt is now owing to AAX ( interco balance ) while in the book of AAX, Capital A is shown as a debt ( interco bal) . Basically, both books show intercompany balance ( Debts).

Upon merger, the intercompany balances ( debts) will be cancelled off ( contra) . The AAX and Cap A , need to convert the the assigned debt into equity as a result of which both shareholders( AAX and Cap A ) will be given extra shares. There is no free shares given to Cap A shareholders as mentioned by someone here.

Posted by joyvest > 2023-06-03 10:51 | Report Abuse

Assigned debts will be converted into equity ballooning the share capital base. Hence , Capital reduction is likely to be exercised in due course.

Posted by joyvest > 2023-06-03 10:53 | Report Abuse

For the conversion of Assigned debts to equity, AAX's shareholders could be given more shares than those of Cap A since AAX is to absorb the debts of Cap A.

Posted by sense maker > 2023-06-03 10:55 | Report Abuse

AAX doesn’t need additional financing but its recent private placement at a discount to market price says otherwise and is unwelcome because it shortchanges other minority shareholders.
Logically with aviation industry now flying high, all creditors of Capital A will want all their debts paid, if possible, with interest. That explains why the regularisation plan needed time extension again and again as Tony tries to force haircuts.
It’s unclear whether AAX debt was previously forgiven on the condition that it must later accept injection of aviation biz from capital A. Does AAX have the legal right to reject such a biz injection?
Capital A will certainly need to raise huge funds in conjunction with completion of regularisation plan within itself. This will not involve AAX. What will involve AAX is the price it will pay to acquire the whole aviation biz of capital A. If set too high, AAX will register huge goodwill in its accounts, possibly more than 10 times increase in its share capital to pay for the acquisition, and so wiping off any undervaluation of its shares currently.
That’s the concern.

Posted by joyvest > 2023-06-03 11:03 | Report Abuse

No goodwill is expected as no acquisition is involve but merger. As long as AXX 's shareholders are given more free shares than those of Cap A , there should be no issue. both shareholders stand to gain through synergy effect.

Posted by ks5S > 2023-06-03 11:08 | Report Abuse

aax have to announce to bursa if such condition of injections of aviation biz from capA during forgiven of sad debt

Posted by joyvest > 2023-06-03 11:12 | Report Abuse

Since the debt level in Capital A is higher than that in AAX, it is logical for shareholders of AAX to get more shares than those of Cap A for conversion of assigned debts of Cap A into equity in the process of merger

Posted by ks5S > 2023-06-03 11:14 | Report Abuse

AAX has the upper hand is such merger deal due to strong balance sheet.
Therefore aax won't lose out.

Posted by sense maker > 2023-06-03 11:24 | Report Abuse

Goodwill or negative merge reserve is just difference in accounting method for consolidation. They two are the same for impacts on shareholders for practical purposes.
AAX shareholders will not get any free shares. Capital A aviation biz is 10 times larger than AAX, on net asset basis.

Posted by joyvest > 2023-06-03 11:28 | Report Abuse

Ok.fair enough. Since the net asset base of Cap A is larger than AAX , AAX shareholders stand to gain upon merger as a result.

Posted by joyvest > 2023-06-03 11:30 | Report Abuse

with the generation of the total average earnings of RM 400 million per quarter from both AAX and capital A , both companies can pay off their combined debts within two years or even faster through merger.

Posted by ks5S > 2023-06-03 11:30 | Report Abuse

AAX now don't need capA airline business to exit from pn17.as currently the are by default already out. only waiting for announcement

Posted by ks5S > 2023-06-03 11:32 | Report Abuse

therefore AAx has legal right to reject the injection if the merger is not on their side.