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  Sslee Will AAX's BOD be considered as commiting the below offend if they take on capA aviation's assets and liabilities knowingly very well that after the merged AAX most likely will default in debts repayment? (Need another round of debts restructure, capital reduction and shares consolidation) The Companies Act 2016 (“CA 2016”) codifies a general duty on directors’ conduct of trading in a company close to the point of insolvency and any potential liabilities on that account. In broad terms, ‘insolvent trading’ may also be referred to as ‘wrongful trading’ and ‘fraudulent trading’. Wrongful Trading In the CA 2016, an offence of wrongful trading is captured in section 539(3) that: “…an officer of the company who knowingly was a party to the contracting of a debt had, at the time the debt was contracted, no reasonable or probable ground of expectation, after taking into consideration the other liabilities, if any, of the company at the time, of the company being able to pay the debt, commits an offence…” Fraudulent Trading Whereas section 540(1) of the CA 2016 stipulates an offence of fraudulent trading as below: “If it appears…that any business of the company has been carried on with intent to defraud the creditors of the company or creditors of any other person or for any fraudulent purpose, the Court may declare that any person who was knowingly a party to the carrying on of the business in that manner shall be personally responsible…” If an offence under section 539(3) has been made out, offenders may be punishable with a maximum imprisonment of 5 years or a maximum fine of RM500,000, or both. Reading together with section 540 of the CA 2016, it is added that the offender may even bear personal liabilities for the payment of the whole or any part of the company’s debt without any limitation of liability upon a court’s declaration 30/03/2024 4:39 PM  metaverse s = student, t = teacher s: What do you call a company with negative assets? t: company that's about to go out of business. s: What do you call a company with negative assets that's trying to raise money? t: A company that's about to be sold for scrap. s: What do you call a company that's always losing money? t: A company that's not on the i3 forum! s: What do you call a company with negative assets that tries to sell itself as a positive investment? t: A pipe dream. s: What's the best way to invest in a company with negative assets? t: Don't 😁 30/03/2024 4:57 PM metaverse 欢迎来到 i3 论坛，这里是充满彩虹和阳光的幻想世界。梦想就像一个脆弱的泡沫。现实是冷酷的。一个负资产的公司 ，变来变去，还是负资产。一花一世界，一木一浮生，一草一天堂，一叶一如来。日落西山，百鸟归巢。秋去冬来，周而复始。 见微知著，以小见大 《鬼谷子》。 30/03/2024 5:09 PM The_JQuestion wow china is taking interest on cap A.. jack ma must like tony. soon the world will know cap A , nasdaq golen stock, dont miss , shoot up and fly non stops ,,, no return, one WAY ! 01/04/2024 2:08 PM  paktua73 morning all capitalla forum readers.. paktua back with swing pick.. now paktua focus on new born stock 24.. come look on other opportunities.. paktua back swing on new born stock.. joined paktua on good hot new born stock.. paktua back pick new hot counter for march till june.. so paktua n team we will focus on 1-Mtec paktua target minimum rm1.25 (main target rm1.43) 2-KJTS paktua target minimum brm0.80 (main target rm0.93) 3-Hegroup Paktua target rm0.70 4-Zantat paktua target rm0.70(now only rm0.50) set from 21hb march 24.till 7hb june 24.. come joined paktua Swing team.. let we fight together tut tut come joined paktua swing team.. sent request at tele @swingdarkred73 04/04/2024 9:34 AM The_JQuestion Airport is now rm 10.... cap A should be rm 1 too.. only matter of time , good news coming ,, nasdaq , pn17 out , what are u waiting for? 07/04/2024 11:26 AM  Mabel Sslee This is because MAS reset it Balance sheet with a debt restructure whereas capA Balance Sheet is a total disaster. 31/12/2023: 31/12/2022 RM'000: RM'000 Total equity: (10,469,461): (9,516,958) Shareholders' equity: (8,710,574): (5,725,093) Net current liabiliaties: (12,507,207): (8,509,066) Malaysia Aviation Group Awarded the ‘Restructuring Deal of the Year’ Award at The Aviation 100 Deals of the Year Awards 2022 13 MAY 2022|MALAYSIA AVIATION GROUP KLIA, 13 May 2022: Malaysia Aviation Group (MAG) has emerged as the winning entity for ‘Restructuring Deal of the Year’ at the Airline Economics’ The Aviation 100 Deals of the Year Awards 2022 following the successful restructuring exercise, which saw the Group reduce its liabilities of over RM15 billion and eliminating RM10 billion in debt mounted from decades-long issues of its balance sheet. 23/03/2024 11:52 AM Sslee How does MAG do it? Didn't know they are Magician too.. Meow 08/04/2024 12:27 AM Sslee AAX and MAS get it done and over with. The question is why capA does not do it when the iron is hot? Lessors will now just call back their planes if you are late in lease and interest payment. 08/04/2024 8:23 AM Sslee Cap A lease payment to lessors are now: Quarter end 31/12/2023 RM'000 Depreciation of ROU assets: 449,765 culmulative 12 months 1,574,356 Finance cost-lease liabilities: 252,438 culmulative 12 months 908,771 08/04/2024 8:27 AM Mabel DickyMe Buy order placed! 08/04/2024 11:08 AM Haha bought oledi. Been in and out of this counter many times. BUY LOW SELL HIGH and oledi locked profits. Holding cost is so good..always GREEN as this counter P&L is very positive and has always been positive. Mabel loves this operator. So holding CapitalA is never a problem.. Now waiting for the real breakout... To New York with loves... Captain Mabel Meow 08/04/2024 1:20 PM DickyMe "DickyMe Buy order placed! 6 hours ago" ===================== Update: ALL MATCHED! I am in the game! Giddy Up!, Tony! 08/04/2024 5:41 PM JrWarren Worry about capital gain in CAPITALA and no dividend ? Why dont buy loan stock to enjoy 8% interest and convert loan stock into mother stock once CAPITALA share price go beyond exercise price of RM0.75? After listing in USA, you also can buy their USA shares to enjoy royalty income payout first while waiting share price go up. Cashflow (dividend, interest, royalty) is a form of motivation to keep me hold this share (asset). Work smart and not wait hard. 09/04/2024 9:49 AM Sslee KUALA LUMPUR (April 9): The negotiation period for Capital A Bhd’s sale of AirAsia's aviation business to AirAsia X Bhd (AAX) has been extended for the second time to April 30, 2024, the two listed companies said. Capital A and AAX have mutually agreed to extend the negotiation period for the sale of the aviation subsidiaries, namely AirAsia Bhd (AAB) and AirAsia Aviation Group Ltd (AAAGL), their respective filings showed. The negotiation period, which was initially set for two months, was first extended to April 15. 09/04/2024 3:53 PM ronaldotheGOAT Capital A and AirAsia X say they need until April 30 to negotiate disposal of aviation business https://www.nst.com.my/business/corporate/2024/04/1036184/capital-and-airasia-x-say-they-need-until-april-30-negotiate 09/04/2024 3:55 PM The_JQuestion extension for share price to shoot up. 20 days for cap A to reach 1.00 +++ , we going to raya raya raya 09/04/2024 8:03 PM Sslee How to close the deal when capA aviation is in deep debts and AAX do not have the money to bail out capA? 09/04/2024 8:09 PM  Income Rule no. 1: Stony is not making donations. Rule no. 2: Always remember rule no. 1 12/04/2024 8:47 AM JrWarren If Microsoft is making a video specially for Malaysia, the international investors are focusing on Malaysia too. More opportunity / travel to Malaysia? We will find out in future. https://www.youtube.com/watch?v=VcSJ4tRHq-Q 15/04/2024 11:16 AM  EngineeringProfit Wait....the International Society of Royal Artificial intElligence and Liberty is making a part two video on how human can insult their own religion by making it the world laughing stock, entitled from socks to shoes, floor mat and burger wrapping paper in the drain 15/04/2024 11:27 AM The_JQuestion Airport green ... cap A nvr follow Airport RED.... cap A ikut !! oh well ,, hodlll! 15/04/2024 12:38 PM Sslee BOD of CapA is now come out to clarify that contrary to the report, there was no media interview conducted on March 4, 2024, with The Edge or any other entity. So who is telling the true? Stony or theedgemalaysia? OTHERS CAPITAL A BERHAD ("CAPITAL A" OR "THE COMPANY") CLARIFICATION ON NEWS ARTICLES FEATURED IN THE EDGE MALAYSIA ON 15 APRIL 2024 CAPITAL A BERHAD Type Announcement Subject OTHERS Description CAPITAL A BERHAD ("CAPITAL A" OR "THE COMPANY") CLARIFICATION ON NEWS ARTICLES FEATURED IN THE EDGE MALAYSIA ON 15 APRIL 2024 We refer to the news article titled “Capital A seeks private placement to raise up to US$400 mil, say sources” in The Edge for the week of 15 April 2024 to 21 April 2024. The Company wishes to clarify that contrary to the report, there was no media interview conducted on March 4, 2024, with The Edge or any other entity. We wish to inform the shareholders that Capital A currently does not have any intention to undertake a private placement of new ordinary shares in Capital A of up to USD400 million. However, the management is in the midst of exploring a potential fund-raising exercise by its aviation business. The evaluation is still in its preliminary stage and the Board of Directors has not been presented with firm proposal to deliberate on. Shareholders are advised not to speculate in the trading of shares of the Company. The Company will update the shareholders if there is any material development of the above matter in accordance with the Main Market Listing Requirements of Bursa Malaysia Securities Berhad. The management intends to request The Edge to retract the report to ensure accurate representation. This announcement is dated 15 April 2024. 15/04/2024 9:28 PM Sslee Just wonder why people wants to average down a hopeless PN17 capA? Still The No. 1 Rule For Stock Market Investors: Always Cut Your Losses Short Judo masters begin not by learning how to throw, but how to fall. They practice this skill until it's as natural as breathing. No matter how many times they're flipped, they can rise to fight again. Highly successful stock pickers go through similar training: They must learn how to cut their losses short. This means selling a stock when it's down 7% or 8% from your purchase price. Sounds simple, but many investors have learned the hard way how difficult it is to master the most important rule in investing. No one wants to sell for a loss. It's an admission that you made a mistake. But if you can set your ego aside, you can take a small loss and still be fit enough, both financially and mentally, to invest the next day. Cutting losses quickly prevents you from suffering a devastating fall that's too steep to recover from. 17/04/2024 8:23 AM Mabel Meow Handsome Sslee... The principles of Judo offer valuable insights that can be applied beyond the martial art itself. Judo’s approach to winning aligns with successful investing: Adaptability and Resilience: Judo masters learn how to fall gracefully and recover swiftly. Similarly, successful investors understand that setbacks are part of the game. Just as a Judoka adapts to their opponent’s moves, investors must adapt to changing market conditions, economic shifts, and unexpected events. Cutting Losses Short: In Judo, knowing when to concede a throw or hold is crucial. Sometimes, it’s better to yield and avoid injury than to resist and suffer a defeat. Similarly, successful investors recognize the importance of cutting losses. If a stock is declining significantly, they sell early to limit losses rather than hoping for a rebound. Risk Management: Judo practitioners assess risks during a match. They calculate the probability of success for each move. Investors should also evaluate risks. Diversification, position sizing, and setting stop-loss levels are essential risk management techniques. Timing and Opportunity: Judo throws require precise timing. A well-executed throw catches the opponent off guard. In investing, timing matters. Recognizing opportunities (buying low) and knowing when to exit (selling high) are critical skills. Leveraging Strengths: Judo leverages an opponent’s strength against them. A smaller Judoka can defeat a larger opponent by using their momentum. Similarly, investors should play to their strengths. Understand your investment style, risk tolerance, and expertise. Emotional Discipline: Judo teaches emotional control. Reacting impulsively during a match can lead to defeat. Investors must remain disciplined, avoiding emotional decisions driven by fear or greed. Continuous Learning and Improvement: Judo practitioners train relentlessly to refine their techniques. Successful investors also learn continuously, adapt to new information, and improve their strategies. Remember, just as a Judoka rises after a fall, investors can recover from losses by staying disciplined, learning from mistakes, and persistently pursuing their financial goals. It’s all about managing excpectation, the rest is technology 17/04/2024 10:53 AM Mabel The best person to answer this is Tony himself. Yes, Capital A Berhad, the parent company of AirAsia, has indeed taken steps to dispose of its aviation business. Here are the details: 1. Disposal of Aviation Business: Capital A has entered into a non-binding letter of offer with AirAsia X Berhad (AAX) for the proposed disposal of its aviation business. This includes AirAsia Berhad (AirAsia Malaysia) and AirAsia Aviation Group Limited (subsidiaries in Thailand, Indonesia, Philippines, and Cambodia). 2. Strategic Move: The goal is to streamline the group and facilitate a business-centric valuation of separate entities. By selling the aviation business to AAX, Capital A aims to create an aviation pure play under the AirAsia brand. This move is expected to unlock greater value for shareholders. 3. Benefits: Focused management and a clear strategic direction will enhance the aviation business’s capacity for growth and profitability. Separating the aviation business allows non-aviation businesses within the group to be recognized for their intrinsic value and potential. 4. Exit from PN17: Following the disposal, Capital A shareholders will become shareholders of the two strong listed companies (aviation and non-aviation). The decision aligns with market preferences, providing clearer understanding and valuation. 5. Regularization Plan: Capital A is in the final stages of finalizing its PN17 regularisation plan. The group aims to submit the plan to Bursa Malaysia in the near future. The plan involves creating a pure aviation play and lifting the PN17 status. In summary, Capital A’s strategic disposal of the aviation business aims to improve financial stability and create distinct entities. Exiting PN17 involves implementing the regularisation plan and focusing on both aviation and non-aviation ventures Source: https://www.businesstoday.com.my/2024/01/08/capital-a-disposes-aviation-business-to-airasia-x/ https://www.thestar.com.my/business/business-news/2023/06/02/capital-a-to-unveil-pn17-regularisation-plan 18/04/2024 5:17 PM  geary CapitalA Weekly Pivot Point Momentum! S2: 0.645. S1: 0.67. PIVOT: 0.70. R1: 0.725. Negative Momentum....may trend lower!? Dis: Trade at your own Risk! 19/04/2024 7:04 PM Mabel The risk of war between Iran and Israel has never been this high before. Dow Futures are down about 450 points and Nikkei 225 is down over 1,000 points. South Korea and Taiwan are down over 4%. I suppose many investors are now seeking refuge in Dividend Banking stock which excel today. KLCI is the only Stock Exchange in Asia Pacific that is holding the GREEN Banner. The rest of Asia are having period. At the local front, Capital A continue to be battered by the rising oil prices. Capital A may face higher jet fuel costs amid rising geopolitical tensions in the Middle East according to Mabel’s Maybank IB analyst. Jet fuel spot prices have remained close to his projected figure of $105 per barrel at present, hovering at $104/bbl, he notes. However, he expects that for every $1/bbl increase in jet fuel price, that would widen or trim his estimate for Capital A's core net loss or profit by about MYR50 million and his sum-of-parts target price would decrease by MYR0.03. He thinks Capital A may pass on the higher fuel costs to passengers without affecting load factor too much, given limited competition. Maybank maintains a buy rating on Capital A and keeps its target price at MYR0.94. Shares are 0.8% higher at MYR0.655. Support 1 at 67 sen has been breached and Mabel is waiting to collect Capital A starting from 64.5 sen at Support 2. Let's hope some nice uncles and aunties will sell next week Meow 19/04/2024 8:40 PM Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$â¬Â£Â¥ Fiscal year is January-December. All values MYR Millions. 2023 2022 2021 2020 2019 TOTAL EQUITY -10,469 -9,517 -6,423 -3,570 2,911 TOTAL ASSET 27,907 19,928 20,030 19,866 25,595 CASH AND EQUIVALENT 703 470 1,257 533 2,588 ST DEBT & CURRENT PORTION OF LT DEBT 6,241 4,872 4,793 4,263 2,614 LT DEBT 17,444 13,123 11,812 9,461 10,275 TOTAL DEBT 23,685 17,995 16,605 13,724 12,889 NET CASH (DEBT) -22,982 -17,525 -15,348 -13,191 -10,301 ACCOUNT RECEIVABLE 878 334 308 309 178 ACCOUNT PAYABLE 1,546 1,243 1,306 1,420 601 20/04/2024 8:17 PM Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$â¬Â£Â¥ Fiscal year is January-December. All values MYR Millions. 2023 2022 2021 2020 2019 NET INCOME 837 -2,626 -2,991 -5,112 -316 NOSH (DILUTED) 4,185 4,053 3,786 3,342 3,342 FREE CASH FLOW 782 -373 -726 -2,259 1,792 DIVIDENDS #VALUE! #VALUE! #VALUE! #VALUE! 3,409 20/04/2024 8:20 PM Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$â¬Â£Â¥ FISCAL YEAR ENDING 2023 PRICE 0.65 MARKET CAP (MILLION) 2,720.25 ROE -8.00% ROA 3.00% P/B -0.26 P/E 3.25 EARNINGS YIELD 30.77% DIVIDEND YIELD #VALUE! 20/04/2024 8:21 PM Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$â¬Â£Â¥ Fiscal year is January-December. All values MYR Millions. 2023 2022 Sales/Revenue 14,772 6,437 Sales Growth 129.48% 282.50% Cost of Goods Sold (COGS) incl. D&A 13,745 7,695 COGS excluding D&A 12,016 6,245 Depreciation & Amortization Expense 1,729 1,449 Depreciation 1,728 1,442 Amortization of Intangibles 1 8 COGS Growth 78.63% 83.65% Gross Income 1,027 -1,257 Gross Income Growth 181.67% 49.84% Gross Profit Margin 6.95% - SG&A Expense 1,288 740 Other SG&A 1,288 740 SGA Growth 74.13% 30.07% EBIT -261 -1,997 Unusual Expense 8 -494 Non Operating Income/Expense 2,017 -490 Non-Operating Interest Income 99 40 Interest Expense 1,298 1,005 Interest Expense Growth 29.18% 47.82% Gross Interest Expense 1,298 1,005 Pretax Income 548 -2,958 Pretax Income Growth 118.51% 16.19% Pretax Margin 3.71% - 20/04/2024 8:30 PM Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$â¬Â£Â¥ Airlines continue to be gruesome businesses. Long term stock investors shy away from this industry. Those with the ability to gain from investing in these "special situations" can profit from it. Those without the skill should just look for 1 foot hurdle to jump. 😀 There is a difference between investing and speculating. There is also speculating intelligently and speculating foolishly. Gambling is different from investing and speculating. 20/04/2024 8:37 PM  |
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