AIRASIA X BERHAD
KLSE (MYR): AAX (5238)
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Last Price
1.89
Today's Change
+0.12 (6.78%)
Day's Change
1.78 - 1.92
Trading Volume
14,467,500
Meeting
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Discussions
52 people like this. Showing 50 of 45,144 comments
When capital recalibrate AAV from associate to subsidiary and bought over PAA the non current assets is boost up by goodwill on consolidation.
So when AAX bought over AAAGL and AAB with negative Shareholders' Equity = Total Assets – Total Liabilities of negative RM 8.8 billion
AAX non current assets can be boost up with more than 8.8 billion in goodwill and thus AAX equity will be positive.
The problem is after one year AAX need to impair how many hundrends million on goodwill and can AAX not default on payment obligation of multi billion current liabilities?
Note: capA last financial year impaired goodwill of RM 161 million.
6 days ago
Only in Malaysia a PN17 company with
Shareholders' Equity = Total Assets – Total Liabilities of negative RM 8.8 billion and had to roll over its current lease liabilities, borrowing and working capital with innovative revenue bonds so that capA can live another year to fight another day is worth:
CapitalA
Market Cap: 3,962 Million
NOSH: 4,307 Million
Avg Volume (4 weeks): 11,921,715
4 Weeks Range: 0.72 - 0.93
52 Weeks Range: 0.64 - 1.02
Two leading private credit funds, Ares Management Corp and Indies Capital Partners, will provide $200 million of the funding, which will be strategically utilised to reactivate aircraft that were grounded during the pandemic. The remaining $243 million tranche, subscribed by sting aircraft lessors will be used to refinance existing lease liabilities, further strengthening its balance sheet.
6 days ago
By the way AAX still need another 1 billion of PP cash call to further strengthening its balance sheet.
6 days ago
As at 30/6/2024
CapitalA
RM'000
Non current assets 26,053,575
Current assets 2,319,481
Non current liabilities 23,819,165
Current liabilities 15,798,326
Net current liabilities (13,478,846)
Total equity (11,244,436)
NTA RM (2.12)
What will be the total equity if you take out the Intangible assets/goodwill and Deferred tax assets?
Note:
Current lease liabilities 5,510,697
Current trade and other payables 4,725,450
Non current assets
Intangible assets/goodwill 4,484,509
Deferred tax assets 1,387,458
6 days ago
By the way
Total equity = Shareholders' Equity + Non-controlling interests = Total Assets – Total Liabilities
TradingFUN Shareholders' Equity = Total Assets – Total Liabilities
23/09/2024 11:08 PM
6 days ago
Hoho by the way can sslee explain why QR ended June of Insas n Jaks is different on Non-controlling interest :
1.) Insas : Shareholders' Equity + Non-controlling interests
2.) Jaks : Shareholders' Equity - Non-controlling interests
—-
Posted by Sslee > 1 hour ago | Report Abuse
By the way
Total equity = Shareholders' Equity + Non-controlling interests = Total Assets – Total Liabilities
TradingFUN Shareholders' Equity = Total Assets – Total Liabilities
23/09/2024 11:08 PM
6 days ago
Is Mike-tikus trying to prove he can't do addition and subtraction?
Is he so dumbass and cannot understsnd:
Total equity = Shareholders' Equity + Non-controlling interests = Total Assets – Total Liabilities
6 days ago
Sslee Jaks as at 30/6/2024
RM'000
Total Assets 2,389,002
Total liabilities 931,250
Shareholders' equity1,528,748
Non-controlling interests (70,996)
TOTAL EQUITY 1,457,752
6 days ago
Have u read the circular?{CapA}...quite long 591 pages. U might learn something.
6 days ago
Jaks shareholders' equity is positive but non-contolling interest is negative
CapA both shareholders' equity and non-contolling interest is negative
Insas both shareholders' equity and non-contolling interest is positive.
Now go and do your addition and subtraction
Total equity = Shareholders' Equity + Non-controlling interests = Total Assets – Total Liabilities
6 days ago
Thank you Short Peni$ uncles for pressing the price today. Thank you. Thank you. How do guys sleep at night without the pleasure of having good long $ex?
6 days ago
Stock: [AAX]: AIRASIA X BERHAD
Last Price Today's Change
1.60 -0.08 (4.76%)
？
Aduhhai
6 days ago
imminent PN17 and bankruptcy then delisting of AAX causing share price to drop 😁
5 days ago
seriously if i look good at this proposal, i will throw capitala and buy AAX instead as the brand is on the airlines.......
5 days ago
Stony must be a very sweet talker and can get a sucker billis to pay RM 6.68 billion for AAAGL and AAB and overall pro forma of RM18 billion when the transfer of accumulated losses in the aviation business to AAX
Are BOD of AAX under duress and coercion to pay so much for parts of CapA when Mr.Maket only value the whole of capitalA at RM 3,919 million?
CAPITAL A BERHAD MAIN : Consumer
Last Price Today's Change Day's Range Trading Volume
0.91 +0.025 (2.82%) 0.89 - 0.92 15,726,500
Market Cap: 3,919 Million
NOSH: 4,307 Million
The proposed RM6.68 billion disposal of AirAsia Bhd and AirAsia Aviation Group Ltd to AAX will lead to a pro forma gain of over RM18 billion when the transfer of accumulated losses in the aviation business is included, according to Capital A.
4 days ago
Brent below 72, weak Usd, higher Asean Currencies,Season travels, increase capacities, packed airports, no shortage of pilots and crews.
4 days ago
https://klse.i3investor.com/blogs/Sslee_blog/2024-09-29-story-h470136116-CapitalA_and_AAX_EGM_questions.jsp
CapitalA and AAX EGM questions
Author: Sslee | Publish date: Sun, 29 Sep 2024, 10:20 PM
1 day ago
@SSLee did you read through the circular to understand how AAX manage the shareholder equity to be positive after post merger ?
1 day ago
Don't just simply pull number from other stocks to compare and explain the equisition. This means that you not even know what you were doing.
Understand what action was taken by the management and how it strengthen the shareholder equity by using the simple formula above.
1 day ago
Don't just keep on looking at past number. Stock is about the future. Look at the action taken and how it impact the financial statement in the future.
1 day ago
@SSLee
Study Cap A financial statement. Look at how operating lease and right of use asset affected by weakening of US Dollar and how much the translation gain will impact the shareholder equity
1 day ago
If you understand all this. You will understand why Tony F turn more optimistic now.
I have high respect to Tony F. He is a very capable guy that looks further into the future with visions and able to execute it.
Not many management in Bursa has this kind of capability.
1 day ago
@SSLee
Give you hint. If couldn't figure out. Hopeless already.
Shareholder equity = Total Asset - Total Liability
If only adding asset without adding liability , what will happen to the shareholder equity ?
Look at the circular , you will find the answer.
1 day ago
With billions in goodwill, deferred tax and intangible assets in non-current assets.
Posted by TradingFUN > Sep 30, 2024 12:16 AM | Report Abuse
@SSLee did you read through the circular to understand how AAX manage the shareholder equity to be positive after post merger ?
21 hours ago
7.6.4 Goodwill and impairment risk
“The Proposed Acquisitions are expected to give rise to goodwill to be recognised, the amount of which will depend on the fair value of the Target Companies’ identifiable assets acquired (including any intangible assets identified) and liabilities assumed upon completion of the Proposed Acquisitions.
The identifiable assets and liabilities of the Target Companies will initially be recorded in the New Aviation Group’s books at their provisional fair values as at the acquisition date pending the conclusion of a purchase price allocation exercise in accordance with Malaysian Financial Reporting Standards 3 Business Combinations. Although a preliminary assessment has been conducted, the final outcome of the purchase price allocation exercise cannot be ascertained at this juncture. Any fair value adjustment to the identifiable assets and liabilities arising there from may affect the goodwill and financial position of the New Aviation Group. In addition, any impairment on the carrying amount of the investments in the Target Companies (including any goodwill and intangible assets arising from the Proposed Acquisitions) and amortisation of
any intangible assets identified from the Proposed Acquisitions may affect the financial performance and financial position of the New Aviation Group.
For illustrative purposes, as set out in the pro forma consolidated statement of financial position
of our Group as at 31 December 2023 in Appendix VIII of this Circular, the goodwill and intangible assets upon completion of the Proposed Acquisitions are RM10,090.74 million and RM2,430.84 million respectively, based on the assumptions and parameters stated therein.
21 hours ago
Add in addition 2 questions:
Projection risk
“The AAAGL Purchase Consideration and AAB Purchase Consideration were arrived at after taking into consideration, amongst others, the range of valuation for the entire equity interests in the Target Companies based on the valuation undertaken by Deloitte. In arriving at the valuation of the Target Companies, the Valuer has considered a number of valuation approaches and adopted the DCF method of valuation as the primary method for the valuation of the AOCs, namely AAB, TAA, PAA and IAA using the 5-year financial projections of the said AOCs from 1 January 2024 to 31 December 2028 together with the underlying bases and assumptions.
Question 15: Deloitte, what are the projected: Net cash generated from operating activities, repayment of borrowings, debentures and lease liabilities for each of the 5-year financial projection of the said AOCs from 1 January 2024 to 31 December 2028?
Question 16: BOD since the valuation is based on 5-year financial projection and to eliminate the projection risk should BOD get a 5 years contractual guarantee that capitalA will reimburse AAX on any shortfall to the projection?
19 hours ago
The problem with flying, if they know the world is coming to an end soon, they will scramble to fly now
18 hours ago
“Question 16: BOD…BOD get a 5 years contractual guarantee that capitalA will reimburse AAX on any shortfall to the projection?”
I am confused, is CapA and AAX relationship “Abang Adik or Suami Isteri”? If “Suami Isteri” relationship, there is no problem with giving even a 10 year guarantee…cos sharing the same closet of ‘hidden skeleton’.
Just came back from HK using AA (Move Promotion flight); both in and out landing perfectly except minor turbulence. The jerk during the taxiing at KLIA is worse than the turbulence during flights; hopefully the exit from PN17 is not as bad…Happy Trading and TradeAtYourOwnRisk
18 hours ago
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TradingFUN
AAX and CapA significantly under value
CapA under value due to PN17 status. Once see light at the end of the tunnel , IB will revise and upgrade the TP.
AAX with all the aviation business under one roof will benefit from the positive sentiment in aviation businesses.
6 months from now , the value will be unlock. Stock price will up significantly bearing any unforsee circumstances.
1 week ago