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Air Asia X : IPO, Air Asia X
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SUSfuzzy
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 Jun 17 2013, 09:02 AM
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QUOTE(jlsa @ Jun 15 2013, 12:16 AM) Went to attend an event held by Libra and Investors are keen to invest AAX IPO after the speech by Tan Sri Tony. For what I know, I'm cant foreseen any whether will it be good deal for short term but it obviously will be a good deal in long term after the presentation for air asia x future vision and mission. No dividend issue been discussed but the shareholder benefit is given for free 1 flight tickets to any country air asia x fly if no. of shares more than 10k and below 100k and 3 flights tickets given to those hold 100k and above shares if lasted for 1 yr. this benefit lasting for 3 yrs. The flight tickets have a huge number of black out dates though, so it is not as if you can just use it whenever you want just to inform. |
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SUSfuzzy
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Jun 17 2013, 10:44 AM
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QUOTE(hyzam1212 @ Jun 17 2013, 10:22 AM) Have u guys heard the radio ad of the IPO? Its like selling hot cakes... BTW (someone mentioned this b4 but I restress it back) to be eligible to get the free ticket, u have to fly with AAX at least once for the past 2 years and have joined the privilege programme... Obviously, if u have one ticket u want to go to the most expensive one la rite  I think based on the AA name alone, it will be oversubscribed. I've looked at the prospectus and would most probably decide not to apply, though I feel that this is a stock that will jump on first day. In and out profit most likely. |
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SUSfuzzy
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Jun 17 2013, 11:37 AM
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QUOTE(hyzam1212 @ Jun 17 2013, 11:11 AM) Is it because of their previous cash flow or no yield in place? But still u feel it gonna jump, why not apply some...Yeah its too obvious but if u notice, they are bragging on the final year performance and counter it with the expansion plan ...by the end of nxt year they will double their fleet...they are fighting cost with frequency to be exact... I have suspect in their cash flow as well as their future projections. I also don't really like the CEO after a few interviews I've heard of him and his style. For the amount I'm going to apply to the IPO, I'd much rather invest it in some other counters. Also Warren Buffett tells us no  http://www.forbes.com/sites/tedreed/2013/0...-he-broke-even/ |
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SUSfuzzy
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Jun 17 2013, 12:36 PM
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QUOTE(hyzam1212 @ Jun 17 2013, 12:19 PM) Agreed, if u see the past record of cash flow,u will straight ask yourself what had happened, the future projections are always sweet for all IPOs...IMO they were experimenting with routes and it failed miserably but can u blame them of the rising of fuel price? ...Honestly, when they first come in with route to London and Paris, the issue of sustainability straight came to my mind...It has been proven otherwise though but logically it was the trend tht time to go to these places...The level of success could go anywhere if u ask me at that particular time...Yeah at the end of the day, invest and trade are 2 different beast altogether I believe tht what Warren said is true but I also believe tht he hasnt made any comparison with regards to the current evolution of airlines industry ie regional low cost model etc...back then he was sort of liking to monopolise certain industry in his own conutry but it was not going his way in the 90s airline industry where airline companies were rare and mostly country-based...But the last statement really sum it up conclusively  I can't blame them for fuel price, but that's the concern when looking at airline shares. A huge chunk of their business expenditures (I think fuel is about 45% of the total?) is totally out of their control and I still don't see enough real meat behind some of the fluff thrown into the prospectus. I think it will probably initially be a success, but just not enough for me to justify seeding into the IPO knowing I could we seed it into some other stocks especially with the current weak market. |
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SUSfuzzy
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Jun 19 2013, 09:25 AM
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Good luck everyone, market looks rough for aviation.
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SUSfuzzy
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Jun 19 2013, 05:29 PM
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QUOTE(cadmus @ Jun 19 2013, 04:02 PM) Just a quick one, for the free tickets, only applicable for those who got from IPO or for anyone that purchase from market also?  IPO kot.. I have to read the prospectus. I stopped after I saw the blackout periods. Macam bodoh.  |
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SUSfuzzy
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Jun 20 2013, 10:06 AM
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I heard the demand was quite poor, hopefully it's just a rumor  |
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SUSfuzzy
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Jul 10 2013, 03:06 PM
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QUOTE(nasT @ Jul 10 2013, 02:45 PM) Dumbfounded why there are so many people want to park to sell at RM1.27? anyone with clue... Cashing out to apply for the other more tempting IPOs? |
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SUSfuzzy
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Jul 15 2013, 09:26 AM
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QUOTE(topearn @ Jul 15 2013, 09:11 AM) U're buy a ton of AAX shares is fall below RM1, U mean ? What happens if afterbuying at RM0.99, it fall further to RM0.50 ? Why would it fall to RM0.50? AAX's fundamental's aren't that strong but it is not downright bad. I avoided this stock because at 1.40+ it was insane, but at 1.25 it was roughly what that many have predicted. If it falls to RM1 I'll seriously consider to go for it and hold on to it. This post has been edited by fuzzy: Jul 15 2013, 09:55 AM |
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