Declining!

will the merger help?

hahaha..... didn't put stock name on the earlier posting....



compare those shitty results with stock chart....



see?

this is why I said I didn't see anything wrong.

Turnaround for AirAsia?

http://www.theedgemarkets.com/my/article/a...ower-fuel-price

It would not matter since they would already have hedged the fuel prices.

Can....

..just ask Tony to double up all their jet fuel hedges lor.

From consumer point of view, I wouldn't want airasia to die because of its cheaper alternative to travel.
From investor point of view, he made mistakes on hedging too early, hopefully he could hire O&G investment consultant to advise on the hedging, probably hire boon gor . Last resort will be using airasia to save aax (of course at that time the share price could worth much lower than now).

Is it even still on?

From Malaysian point of view.............

His company's debts.....
currently AirAsia debts stands at 11.8 BILLION!
.... and could easily rise more.... if AirAsia takes in new delivery of fei kei.....

....... if anything goes wrong.............. huhu.........

It's all the fei kei'sss fault

The way i look at AAX financial statement, the huge problem underlying is the Company is running out of cash because it has been continue huge loses for few quarters

Based on the figures shown, plus the rumours of delaying salary/allowance payment, it does make sense for me

I still don't understand why got people want to catch this knife, it seems they forgot the MAS case or worship Tony?

They only left with 3 options to raise cash level:
1.Right Issue
2.Private Placement
3.Sale and leaseback the plane

Forget about Bond/Sukuk, rating agency will not give them high rating and the interest rate will be much higher based on their condition.

This post has been edited by yhtan: Nov 21 2014, 05:05 PM

Problem is...... I believe that Tony was wrongly portrayed as a hero.

hehe will we see another MAS in the making?

Hello... we are looking at 2 companies!!!

AAX and AA.

haha AA heroically tries to AAX but end up

http://www.themalaysianinsider.com/malaysi...alaries-bernama

http://www.theedgemarkets.com/en/node/170894

http://www.thestar.com.my/Business/Busines...ound/?style=biz

Look at his reply and it seem he is not talking about fund raising at all!

Last time, he initially denied betting in fuel hedges.

Only when the hedges went horribly wrong, he was forced to admit to the public about those bets.

Losses incurred then? 420+ million!!!

Would I trust his statements now?


You should look at AirAsia most recent profit notes la.

Check out AirAsia cash ( 1 billion (depleting) ) vs its total debts ( 11.8 billion) ....

The company does not have many bullets to shoot hor....

And despite all this.... http://www.thesundaily.my/news/1232784

Last para: In a separate filing, AirAsia said it had extended a US$55 million loan to AirAsia Inc, a company incorporated in the Philippines, to facilitate the ordinary course of the latter's business during the third quarter ended Sept 30, 2014.

Ah Boon, Airasia business is in steady mode but AAX is in turbulence mode

Let me show u what i found in both financial statement, look at the difference in their Current Assets and Current Liabilities

http://announcements.bursamalaysia.com/EDM...%2019%20Nov.pdf

http://announcements.bursamalaysia.com/EDM...ursa)-Final.pdf

Obviously it shown AAX is in much serious state, trade and other payables increase almost 100% but revenue did not increase in line with
Current ratio 2013 - 0.37
Current ratio 2014 - 0.20

The cash in AAX decrease by RM140mil, remember cash is like blood, without cash it cannot operate day to day basis

And i have to agreed with u, Tony had some bad remark back in the loss of hedging

P/S: i do not know the cancellation of plane order will be able to refund the Company, if yes then there is another option for him

This post has been edited by yhtan: Nov 21 2014, 06:55 PM

Thanks for the highlight!

AirAsia business might be 'steady' but in my opinion, it's built on very shaky ground.

Good analysis there. Couldn't agree more...

The shaky part is the fuel price which is way too volatile and other external factor, currently their 4 hours flight is well connected to each other and create a good synergy


This post has been edited by yhtan: Nov 21 2014, 09:39 PM