TradingFUN

Pls don't waste others time here. I believe will agree with me that you are not contributing.

5 days ago

TradingFUN

You should be those no friends , even family members avoiding you as you keep on thinking they were dump. End up you have no one to deal with except spending all your time here posting dump questions

5 days ago

Mabel

2024 will be a great year for Capital A. Despite CapitalA current shortcoming which is work in progress, Mabel still thinks Tony is a real Magician beside visionary and a turnaround expert, who transformed a failing airline into a successful and profitable business.

Thank God Mabel put one of her bets on Tony Fernandez. Here’s why Mabel thinks he is Magician..

He bought AirAsia from a Malaysian government-owned company for a token sum of RM 1 in 2001 and inherited a debt of RM 40 million.

He introduced a “EVERY WANG CAN FLY” no-frills, low-fare business model that appealed to the mass market and stimulated demand for air travel in the region.

He expanded AirAsia’s network to cover more than 150 destinations across 25 countries and established joint ventures and partnerships with other airlines and governments.

He diversified AirAsia’s revenue streams by launching digital businesses such as food and parcel delivery, ride-hailing, e-commerce, and fintech.

He led AirAsia’s recovery and transformation amid the Covid-19 pandemic, by reducing costs, securing funding, and rebranding the group as Capital A.

Before the Pandemic, all shareholders were celebrating as shareholders of AirAsia have been showered with 90 sen per share special dividend, which is worth more than RM3bil in total payout. The dividend is equivalent to 34% of dividend yield from the last traded price of AirAsia's shares at RM 2 The year before he showered us with 64 sen Dividends and 12 sens even before that. Mabel recall EVERY WANG here were FLYING that time..

Just like SIA, CapitalA AirAsia was also paralysed by the pandemic without any revenue. However, unlike SIA with Big Brother Temasek cumming to the rescue, CapitalA took many initiatives to revive and stay afloat without any help from the Malaysian Government. Now you know why Mabel salute Air Asia.

Lastly, Mabel’s AirAsia enjoys continued success being named the World's Best Low-Cost Airline in 2023 for 14X, with Mabel’s Singapore's Scoot taking the top title as the World’s Best Long Haul Low-Cost Airline.

Stock: [CAPITALA]: CAPITAL A BERHAD

1 week ago | Report Abuse

Even more exciting days cuming ahead with Magician Airlines

The news about Singapore Airlines' record profit reflects a positive trend for the aviation industry. By reporting a profit of S$2.67 billion for 2023-2024, SIA demonstrates that travel demand has rebounded significantly. In fact, this level of profitability suggests that travel has not only returned to pre-COVID levels but has likely exceeded them.

If you are the shareholders of Capital A, you will soon have 5 listed companies build into three segments worth RM 2.90:
• Airlines business worth RM 0.95
• Digital business worth RM 0.94
• Brand AA listed US worth RM 1.01

This is inline with Singapore Airlines

• SIA at SGD 6.75
• SATS at SGD 2.64
• SIA Engineering at SGD 2.31.

Both SATS (Singapore Airport Terminal Services) and SIA Engineering Company are wholly owned subsidiary of the Singapore Airlines Group.
25/06/2024 9:55 AM

5 days ago

Sslee

He bought AirAsia from a Malaysian government-owned company for a token sum of RM 1 in 2001 and inherited a debt of RM 40 million.

How will he deal with a net current liabilities of RM (12,923,931,000) as at 31/03/2024?
Is disposal of capA aviation solved the net current liabilities problem?
How will AAX deal with it, if AAX take over capA aviation?
What will the the likelihood AAX default on the current liabilities?
What will happen to the BOD of AAX and capA if AAX default on the current liabilities?

5 days ago

Sslee

By the way will the operation cash flow for next 12 months enough to pay the current lease liabilities of RM 5,985,234,000 as at 31/03/2024?

5 days ago

TradingFUN

Instead of asking dump questions , what is your answer to the dump questions above. Write up your finding , let see you dump or not

5 days ago

TradingFUN

I have read through the financial statement and restructuring plan in details. I have the answer to it.
I just want to see your answer to your dump questions.

5 days ago

TradingFUN

I confident with the restructuring and taking position. I have accounting and financial analysis skills. That's why all your questions looks dump to me.

5 days ago

TradingFUN

I will continue to remind you whenever you post dump questions here that you are dump

5 days ago

TradingFUN

A no brainer will not able to understand what you share. He will jump keep on asking dump questions and will be a waste of time to answer him. You can only keep on remind him thar he is dump

5 days ago

Sslee

31.12.2023: 31.12.2022: 1.1.2022
RM'000: RM'000: RM'000
Net current liabilities (12,669,239): (8,509,066): (6,754,176)

Net current liabilities of RM (12,923,931,000) as at 31/03/2024

My form 3 book keeping/accounting tell me if your net current liabilities keep growing it can only mean your business is in big trouble.

Mind telling me what is your accounting and financial analysis skills tell you about ever growing net current liabilities?

5 days ago

Mabel

A three-day visit to Malaysia by Chinas Premier Li Qiang last week to commemorate the 50th anniversary of the establishment of China-Malaysia diplomatic relations underscores a warm bilateral relationship underpinned by deep-rooted trade, investment and tourism ties. We view sectors like Aviation (top picks: AAX, CAPITALA) and Gaming/Leisure (Genting) as boasting well-established China-centric growth drivers, whilst noting a new wave of emerging beneficiaries such as MyEG, EPMB (NR) and Dialog.

Source: Maybank

4 days ago

NoTimeToTrade

TradingFun, I would like to know what answer you have that can win over SSLee's negative point of view of Capital A. Please share because all this while SSLee already layout his arguement quite clearly for all to see and shoot, i hope you are not just shooting in the dark.

4 days ago

ken2004

So what happen to the AGM, I thought there is a long list of question to Tony lol.....

4 days ago

Sslee

Still waiting for the AGM minutes (key matters discussed) to be published at capA website to know whether the dumb questions will be answered with dumb answers.

4 days ago

Mabel

KUALA LUMPUR: AirAsia has once again been named the world's best low-cost airline at the Skytrax World Airline Awards 2024, often called the Oscars of the aviation industry, marking its 15th consecutive win.

This achievement highlights AirAsia's ongoing commitment to innovation and value in the low-cost carrier market.

https://www.nst.com.my/business/corporate/2024/06/1068067/airasia-worlds-best-low-cost-airline-again

4 days ago

raymondroy

@Sslee ... growing net current liabilities means that business is growing, transactions are increasing and obviously working capital will increase. The current assets in the 3 period also increased, which again proves business is growing, nothing extraordinary here.
March24 qtr reported a loss before tax of -RM249m, but same period reported a net operating cashflow of RM835m, which is AFTER paying operating lease of planes. This is very healthy.
In fact the RM249m loss is mainly due to the recognition of exchange rate loss of RM371m.... otherwise it would have been a profit.
Airasia will probably match if not beat SIA performance moving forward.... but what it needs to do is get out of the current PN17 mess... and for that tony is a master planner, and I believe the restructuring plan in place will succeed, albeit some capital reduction (less shares in hand after conversion).
Lastly, IFRS and accounting policy changes has never brought any company down.... companies go down due to mis-management and wrong business model..... both of which are not present with CapA. Happy hunting :-)

4 days ago

Sslee

@raymondroy,

Quarter end 31/03/2024
RM'000
Cash generated from operation: 835,037

Please look into cash flow from financial activities:
Proceeds from borrowings: 351,371
Repayment of borrowings:(58,914)
Repayment of lease liabilities:(726,424)
Net cash used in financial activities: (433,967)

So after paying the lease liabilities of RM 726,424,000 what will be the operation cash flow?

Note: under MFRS 16:
(i) On the Consolidated Income Statement, expenses which were previously included under aircraft operating leases will be replaced by finance costs – lease liabilities and depreciation of right of use asset;

(ii) On the Consolidated Cash Flow Statement, operating lease rental outflows, previously recorded within net cash flow from operating activities, are classified as “net cash flow used in financing activities” for repayment of principal of lease liabilities

Will the operation cash flow for next 12 months enough to pay the current lease liabilities of RM 5,985,234,000 as at 31/03/2024?

4 days ago

The_JQuestion

wow 15 in a row , buying new planes , planes back to service , more revenue , release debt to AAX , tony buy shares ! load factor 90 + , maybe the best in the world record , do u even need more reasons? rm 1.20 soon :))

4 days ago

Sslee

Referring below Q1 2023 presentation
Well positioned for growth with a total of 362 aircraft in order book to be delivered in the next 12 years. 73 aircraft have already been secured financing through Sales and Leaseback (SLB) arrangements with several lessors.

Question 18: BOD what is the latest status on the above?

By the way what is the quarter end 30/3/2024 load factor and what is the financial result?

4 days ago

Sslee

More planes delivered, more lease payment, more new route and more mega free seat promotion.
The important question: Will the operation cash flow for next 12 months enough to pay the current lease liabilities of RM 5,985,234,000 as at 31/03/2024?

4 days ago

Mabel

Qatar leverage on their National Treasure award-winning Hamad International Airport establish itself as a global aviation hub to challenge regional rivals Dubai and Singapore.

In this very close run contest, UK-based Skytrax said the votes, gathered from surveys of more than 21 million customers from 100 countries about 350 airlines, were the closest run since the awards began in 1999, requiring a recount. Qatar’s marginal victory meant second place for last year’s winner, Mabel’s Singapore Airlines (5X), but only just a fraction of a points. The Five-time winner Singapore picked up the prize for World’s Best Cabin Staff. Singapore Airlines also won for Best First Class service and Best Airline in Asia.

At the budget end of flying, AirAsia was once again crowned the World’s Best Low-Cost Airline – repeating an achievement (15X) it has made every year since 2010 while Singapore Airlines’s Scoot was named the World’s Best Long Haul-Low Cost Airline.

We congratulate Qatar Airways, Mabel Singapore Airlines and AirAsia on this success which should be a source of great pride and satisfaction for the airline management and staff.

https://edition.cnn.com/2024/06/24/travel/worlds-best-airline-2024-skytrax/index.html

4 days ago

NoTimeToTrade

Guys, I would not use Tony buying CapA shares as a sign of anything much, because it could still go either way. For all you know he could just be propping up the market right before this next PN17 dateline. For Tony to buy up to a million shares in his own company is a drop in the ocean to him.

4 days ago

nuemeslau

The reason why Tony bought the shares publicly was to boost morale and to show that he is on the same plane as us, and if the plane goes down, then i die u die everybody die

3 days ago

NoTimeToTrade

nuemeslau, that is one of the funniest things i've read today. losing money on 1 million shares for him is nothing. Morale boost? You need it?

3 days ago

nuemeslau

no, i don't need the morale boost, but i'm glad u find it funny, it was meant to be 🤣

3 days ago

raymondroy

@Sslee.... TQ for your continued analysis on the numbers, but few things u need to know.... for example current liability lease if cannot be p;aid in 1 year will be just rolled over to next year - no big issue here..... dont be bogged down too much by the accounting, as as I said accounting is only a measn of measurement and when push comes to shove there is always a way out of it. Furthermore, more importantly business is booming, capacity is increasing.... banks are lining up for financing, what else you need? Its the best run budget airlines in the world for goodness sake.... if not the best run airlines in the world !!! How can one go wrong? Covid is the only blemish in airasia books of which it somehow survived and coming into the black..... try being optimistic lah :-) cheers and happy hunting

3 days ago

Mabel

Agree with raymondroy..

Rome was not build within a day..

But Tony gives us hope to fly to New York just like a true Magician..

Meow

3 days ago

Sslee

A lot of current liabilities is rolled over to next year that is why the net current liabilities is now RM (12,923,931,000) as at 31/03/2024

31.12.2023: 31.12.2022: 1.1.2022
RM'000: RM'000: RM'000
Net current liabilities (12,669,239): (8,509,066): (6,754,176)

So if you are capitalA creditor do you feel save to be paid?
And what can you do to gurantee payment?

Page 40: Funding
The Group is currently engaging in discussion with lenders at different stages for debt and equity fundraising, with an estimated amount of RM3 billion. As at the date of this report, the Group has received commitment from investors for a Revenue Bond Program of up to USD365 million (equivalent to RM1.68 billion)

The Revenue Bond program entails the conversion of outstanding lease payments of USD240 million (approximately RM1.1 billion) into bond (Tranche 1) and cash inflow of approximately USD125 million (approximately RM575 million) (Tranche 2) to finance working capital, maintenance cost and lease rentals. The revenue bond will be secured against passenger seat sales from identified routes and shares in a subsidiary. Tranche 1 of the Revenue Bond has a tenure of 2.5 years whereas Tranche 2 has tenure of 4 years. The bond is expected to be issued by mid of 2024.

Question 16: BOD what are the reasons aircraft lease companies/lessors demand for the conversion of outstanding lease payments of USD240 million (approximately RM1.1 billion) into bond (Tranche 1)?

Page 13: Going Concern Assessment;
Quote, “Critical to the going concern assessment are the Directors’ expectations of continuous support from the Group’s aircraft lessors” unquote

Question 17: BOD is the move by lessors for the conversion of outstanding lease payments of USD240 million (approximately RM1.1 billion) into bond (Tranche 1) a sign of lessors losing their confidence in the Group ability to pay the outstanding lease payment?

3 days ago

Sslee

@raymondroy,
By the way from where you get the information that banks are lining up for financing????

3 days ago

vcjskpa

source : trust me bro

2 days ago

iCashBooster

tony is useless shirtless owner of capital a this company going nowhere worldwar 3 is coming all airline will finish in this 2nd wave

2 days ago

nasgee

2 mrrw ..vrommm...LU

2 days ago

raymondroy

@Sslee .... the fact that CapA can convert payables to bonds means that lenders are still willing to invest.... there is no short of financing even which under restructuring

2 days ago

Sslee

lessors converting outstanding lease payments of USD240 million (approximately RM1.1 billion) into bond (Tranche 1)

Investors take up USD125 million (approximately RM575 million) (Tranche 2)

The bond will be secured against passenger seat sales from identified routes and shares in a subsidiary.

Is above mean banks are now lining up to lend money to capitalA???

2 days ago

iCashBooster

mcb tony useless keep on delay

2 days ago

iCashBooster

last day still no progress which mean he delay till 31st july

2 days ago

iCashBooster

bastd son of b1tch

2 days ago

NoTimeToTrade

iCash, did you forget to take your hypertension medicine again?

1 day ago

iCashBooster

you shut up know nothing about stony

1 day ago

iCashBooster

as investor lost trust already SSLEE is correct company liabilities so high

1 day ago

jackey

why no one buy aax, since capital will sold all airline to aax, shd hv good future

1 day ago

The_JQuestion

u n sslee lose hope , but counter so attractive ... close week in GREEN , i wonder why ,, GOOD NEWS only??
or u still crying about the stuff that he have been nagging for the past 3 years since covid HAHA <<

1 day ago

jackey

delay to aug is very favourable, aax surely will present preferable qtr result for the restructuring programe to move on smoothly

1 day ago

The_JQuestion

myairline is a scam... rayani failure . only one can persist . airasia + airasia X the best LCC airline in the world !

1 day ago

Sslee

What will you called a busness that sale ticket in many months ahead and use that advance sales money for working capital?
Is it sound similar to ponzi scam?

1 day ago

Anw412

Every airlines sell tickets in advance.. Customers also book their tickets in advance.. Whats ponzi about that? Thats the nature of airlines biz.. Sell early good for company, buy early good for customers.. Win-win.
ADE & Teleport are growing at very good pace. MOVE, BigPay & Santan are looking to minimize losses and soon will be proven success.. Considering all the above factors then this is the best time to buy the stock.. As tony said he will repay loyal investors and i believe that he will. Just like when he announced the buyback shares which he was the first buy it back..

1 day ago

BLee

@Anw412, no comments on ponzi..except on BigPay future. All my previous oversea travel, I always loaded my BigPay as no hidden cost, giving good exchange rate and good transaction records. On my two recent oversea travel, I did not take my BigPay card along as there are better payments method such as various type of eWallet and eBanking..no worries of short of funds as it is auto transfer with good rate (both exchange and $ kept in account) and acceptable even at roadside stalls.

1 day ago

raymondroy

u will be losing out on the biggest airlines transportation ride in bursa @Sslee ;-) happy hunting.... how can u possibly bring ponzi scheme as a comparison... adoih

10 hours ago

jackey

u book genting hotel or book travelling package, not paying advance? Rubbish minded head, shoud cut it off

4 hours ago