GLC wont support this counter coz they hv Malindo now to fight with AA and AAX... 

TF make big mistake when they moved out to Indonesia, now shifted back to Malaysia.... Najib not happy with him at the moment... Who going to support this counter? Anandeyy?....

me depends on price offer. if they offer price like astroo ipo. sorry, i skip this.

fiqir, ur stand same with me.. tetiba rasa seronok main ipo yang banyak negetif news ni.

LOL   .

That's very bad management. Advertise cheap flight until company losing money for years.

Memang seronok kalau apply dan dapat sikit contohnya below 20K units, just like nibbling and testing.... Tapi kalau dpt ratusan ribu unit end up jadi mcm asthrow, seronok ker?

My advice if u insist to play just apply small units.. If it happened on positive site u can still buy more on listing day.

Memang seronok kalau apply dan dapat sikit contohnya below 20K units, just like nibbling and testing.... Tapi kalau dpt ratusan ribu unit end up jadi mcm asthrow, seronok ker?

My advice if u insist to play just apply small units.. If it happened on positive site u can still buy more on listing day.

peh ganas.. main sampai ratus ribu.. Maybe pendedahan tak sama. Saya percaya konsep " telur tak boleh masuk semua dalam satu bakul" so bila berlaku luar jangka takdelah hilang semnagat atau drop.

maybe IPO bukan penjana duit utama.. lebih kepada duit bonus atau duit terpijak je untuk diri saya. sori zitis kalau buat u sedih.

Its up to u.... Telur u punya, u nak letak kat mana thats ur choice.... I just give my friendly advice, not more than that..

interesting statement you got there

think about it, what you say true also. najib is in control now, so what he say GLC  will follow. if he say support fgv - epf,kwap & T.Haji buys to support. just look at bursa website.

very scary lar this counter. dare not to enter, don't want to get burn kaw2 like asstrow ipo

hahaha... i like this - telur u punya.... 

coming from zitis summore....

Yup...its very terrifying when you knew that Malindo (with gamen support) are going gunz blazing with 300 confirmed plane order to clash head-on with Tony AA and Tony X...Obviously they need the money b4 Malindo launch their service next March...

For me, if u want these shares apply little la subject to price...thing like cornerstone can only be known upon listing but do they clearly mentioned the lock up period b4? Asstrow was the first to tweak the lock up period out of the norm...

peh ganas.. main sampai ratus ribu.. Maybe pendedahan tak sama. Saya percaya konsep " telur tak boleh masuk semua dalam satu bakul" so bila berlaku luar jangka takdelah hilang semnagat atau drop.

maybe IPO bukan penjana duit utama.. lebih kepada duit bonus atau duit terpijak je untuk diri saya. sori zitis kalau buat u sedih.

AAX Summary... for the benefit of forumers

Fixed Asset = 2.16 billion (including 700 mil in tax asset and deposits)
Current Asset = 224 mil (only 24 mil cash)
Current liability = 953 mil (including 464 mil short term borrowing)
Non-Current liability = 917 mil long term borrowing
NTA = RM 0.35/share
Debt/Equity Ratio = 3.61 

2009 EPS = RM 0.66/share
2010 EPS = RM 0.63/share
2011 EPS = RM -0.36/share
2012 EPS (Proforma) = RM -0.22/share

2009 and 2010 gain is mostly in deferred taxation.. and not based on performance

Operational Profit/loss

2009 = LOSS RM 31 mil
2010 = PROFIT RM 7 mil
2011 = LOSS 60 mil
2012 (proforma) = Loss 10 mil

Now looking at how much future profit AAX can make

Gross Margin

2009 = 3.4%
2010 = 12.7%
2011 = 9%
2012 = 15.4%

Please note that revenue growth has been more or less stagnant in 2011 to 2012.
2009 = 8 planes
2010= 11 planes
2011 = 11 planes
2012 = 9 planes ( ) , 2 plane classified as asset for sale
Future = 2 more plane on order

Revenue per ASK is stagnant 2009-2012, cost per ASK also stagnant 2009-2012, basically cost of fuel is countered by fuel surcharge...

Now lets see what the pricing/share will be 

appreciate the summary 

how come now they let non profitable company get listed??

According to the prospectus, some 55% will be used to repay bank borrowings -debt within 3 months.... The remaining sum will be split between capital expenditure and general working capital after deducting listing expenses...

Note : The company was at loss-making up to June this year......

Haha.... Anyone still dare to jump in?.... Amacam ada berani????

This is like masuk kandang harimau... Salah step terus mati.... Liaoo..

AAX is a BIG NO!!! for me... itu f**king ASSTHROW left me high n dry....

i cant take another hit,... or else pencen from playing stock la...   

Kena hit from 1 stock already want to pencen.. you must remeber not every investment is a sure win one, thats why you don't throw all your eggs in 1 basket...(telur lagi ).