WHat will be the bad consequence for having trading halt with unknown timeline?

PN17!!!!

GEE GEE

Not yet PN 17 wo.

Does PN17 company also halt trading?

Air Asia share resume trading 2.30 pm. Run? All in?

Perhaps merger le? MasAir? SinAir? ThaiAir? GarudaAir? VirginAir?

I managed to sell AirAsia shares at 1.02 last month, making around 30% profit. actually I'm not dare enough, I should have bought it at 0.55.

Airasia Share Holder Equity is @ 37%. Meaning 0.855 @ 37% = RM0.316 ya. Thus triggering the PN17 criteria.

This is for quarter ended 31st March. I can tell you, those that still hold this share after Q2 your share of AirAsia might become worthless or worth very little if there is a bail out / capital injection.

Do correct me if my interpretation is wrong on the PN17 trigger.
https://www.bursamalaysia.com/market_inform...?ann_id=3066780

Still many people say time to buy when people panic. Speechless ah

Instead of a bank run we going to have a plane ticket run now 😂

In a tough business environment, you need to have rock solid balance sheet to come out of it stronger.

No doubt AA is very well run and made MY proud, but this will be their biggest ever crisis - they need CASH injection to survive next 2-3 Qtr.

Any cash injection will ultimately dilute the existing shareholders' value.

Contradictory statement boss.

If the company is very well run.. it wouldn't need any cash injection right?

If the company is very well run.. it wouldn't be starring at over 1 billion in paper loss from hedging as at 31st March 2020.

If the company is very well run.. it boss wouldn't have been accused of the bribery scandal...

i could go on and on.......

well many delusional people still think AirAsia is better run than MAS

My view as below

1) SIA received $13bn cash injection to support it to go through this unprecedented crisis. This is the industry that will see much slower recovery for many quarters ahead.

2) Hedging is part of business, especially for airline. Ryannair 90%, SIA 73%, Airasia X 80%, KLM 65%. I dont know based on hindsight, how much they should have hedge. But airline need to continue hedge to mitigate their operation risks.

3) Bribery - I completely agree with you. All company should held high esteem on integrity.

gg habis the free fall, -17% since resumption of trading

Point 2) Don't really agree. If the company is good, it should not have followed what other companies, right? When you place the those hedges, the well run company needs to understand that there is always a chance that they might lose money. The well run company should have realise that. Acknowledging the possible risks and managing the downside risk is most important. Look at it now. It has cut loss on some positions but despite that, as at 31st March, it's starring at those massive paper loss of over 1 billion! How could a well run company leave themselves exposed to such massive losses if their hedges go bad?

In 2009, they lost over 640 million in hedges. Am I wrong to say history repeated itself and that the company never learned from their mistakes?

In the corporate world, are there not companies who abuses their hedges and turn their hedges into a form of gambling?


Point 1) ... I would not compare it to SIA because of AA shareholding structure..



Due to the size of shares owned by boss 1 and boss 2.... for me, a bailout would be a bailout of boss 1 and boss 2.

Do they deserve the bailout?

I would also ask why must bailout? Boss 1 and boss 2 farked up. They had their chance.... so why can't we just let it fail? Is it all that bad to let it fail?
Perhaps another better company could be born from AirAsia failure!

u know the answer la...

thousands of jobs lost, votes lost...

there have been so many bailouts, so many billions thrown out, incl so many times with MAS.

why not this one?!!

Mas is glc, Aa diff. More likely gov will grab the opportunity to seize control of Aa at this price from the two loudmouth bosses (maybe merge with mas?) while looking nice and pretty like a saviour of the company.

Cos boss 1 and boss 2 each owns for than 30% shares of AA.
Adding it up, they owned more than 60%.
Bailing the company out is like bailing them out.

Less not forget how boss 1 and boss 2 shareholding got so big. They did a 30% placement of new shares to THEMSELVES...
Then started AA on its sale and leaseback.
The money from the sale of planes is supposed to be a safety net but instead they gave out huge dividends which benefited boss 1 and boss 2 since they got a huge chunk of new shares..
Now company is so asset light...
And burning cash so fast...

All the main problem stems from boss 1 and boss 2 piss poor management...
You seriously think they should be bailed out?

I don't.

i don't think they should be but u and i don;t get to decide!

same gomen, same style, same motives... i say it is a foregone conclusion.

BTW... the two options I would prefer....

1. Share placement to raise money.
2. Rights issue


I would prefer to see a rights issue...

Of course but since this is a forum, I am only sharing my 4 sen opinion lo.

Blow steam mah...



Oh... and i have always been negative on AirAsia for a couple of years already. It's in this thread.. somewhere... lol...