fuel price is not really that high atm??? correct me if im wrong

I think it is higher when compare to 2 years ago when AirasiaX making profit. Just imagine what happen if fuel price rise much further.

i got this from news online:

"A recent report by International Air Transport Association said, “Jet fuel prices increased further in August 2012, returning to the highs seen throughout 2011, after some respite during the second quarter."

---

Added on November 1, 2012, 10:56 pmbad news for AAX

This post has been edited by xuexueli: Nov 1 2012, 10:56 PM

So far from the info gathered here,the verdict is not in favour..any objections.

I think the key point here is whether the cornerstone investors are allowed to sell immediately like astro? if yes, dont buy it. its a trap

couldnt find the info in prospectus though..

looks like astro 2.0

better skipped this ipo

also airasia didn't exercise the call option on airasia x like in tune ins (they say want to focus on short haul).

Maybe their tactic would be the same like ASTHROW, of coz same owner rite.... "looking for long term investors"...trap.....

Dont become like me! Now still trap inside ASTHROW!

Better invest on other counter or wait for next IPO... Malakoff, Westports + Johorport......

This post has been edited by zitis: Nov 2 2012, 02:22 AM

Ermmmm.... Not becoz of rich, but i like MAS and firefly based on their superb sevice, hospitality and comfort....

My friend said AA and AAX flight attendants are similar to sales girl... Am i rite?

This post has been edited by zitis: Nov 2 2012, 02:41 AM

Can't comment on the salesgirl remark, but I don't like the All Blacks uniform of the male flight attendants.

Women look slimmer when they wear black, but men?

---

Added on November 2, 2012, 9:18 amI think the value of AAX lies in its feeding of AA. For example, Aussies fly on AAX from Gold Coast to KUL, then proceed to Langkawi or Phuket on AA.

Tony is happy so long as the loss of AAX is offset by the gain on AA. But why should we invest in AAX?

This post has been edited by river.sand: Nov 2 2012, 09:18 AM

Agree.

---

Added on November 2, 2012, 9:38 amOnce beaten , Twice shy.

This post has been edited by sarbuftaim: Nov 2 2012, 09:38 AM

They already knew that we knew that tactics though...they will not going to that direction if they are clever...expect some sweeteners ahead since Malindo are all over the papers

if expensive, i skip. scared became like astros

maybe first day sweetener (chicken feed),,... just like ARSETHROW...

Based on : http://www.sc.com.my/main.asp?pageid=1230&...=&linkid=&type=

Its Shariah Compliance, means have big boys buying.

so don't be so NEGATIVE on AAX like ASTRERUK

ARSETHROW.... CHICKEN FEED... nice one....

I belive this is much better than ASTERUK

Look at total shares for PUBLIC ballot, its just 9% (71million shares out of 789 million shares)

MITI = 33% of total shares.

cornerstone? got lock-up period?

thats the most important thing... otherwise gonna end up just like arsethrow

That is based on exposure. Nothing solid as at now. They might have.

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

This post has been edited by gark: Nov 2 2012, 10:58 AM

Looks crap. But when you think of it, running an airline is not a walk in the park. Huge amount of money must be spent to lease/purchase the planes. Enormous upfront cost.

Compared to MAS, this looks good.