Left 32 million LR on the market. Tomorrow last day trading.

If you currently hold the LR
Go to my account > Corporate action subscription
Then subscribe + payment.

Use website.

totally noob on this.
just got the huge envelope today, what can i do with the pink form?
not many shares with aa though.. jz for fun when bought that time..
currently stated number of rcuid allocated = 166, and warrants = 83.. amount payable 124.50

tiih approved within minutes.. so just completed everything online.. sharp 5pm

The low-cost airline said trading for the rights will start from Dec 6, 2021, instead of Dec 3 as scheduled earlier.

The prospectus and provisional allotment letter of offer, meanwhile, would be despatched on Dec 7, 2021, instead of the day before, it said in a filing with Bursa Malaysia on Thursday.

AirAsia also changed the last day and time for acceptance, renunciation and payment to Dec 20 from Dec 17 as well as for the rights cessation quotation to Dec 13 from Dec 10.

The last dates for sale and transfer of provisional allotments will be Dec 14 and Dec 20, respectively, compared to Dec 13 and Dec 17 previously.

The entitlement date — Dec 2, 2021 — remains unchanged.

This is why you have to discard all emotions and opinions and read the report as it is.

No love/hate or fansi stuff.
And discard all hero worship nonsense.

Read the numbers as it is.

The house of card was there for all to see......

Yes. Can be read either from its Quarterly Reports or Annusl reports.

And yes... whenever you read anything (be it social media, your closest friend/relative, your bosses or even news media, it pays to verify what you have read )

I made the point that AA was built on debts...

Well one can verify that statement by checking either the QR or the annual reports. Let's do it via the QR...

Not the best but for simplicity sake, I just use each year 4th QR.... and my focus is on cash, total borrowings, capital commitment for new planes

2008

https://www.malaysiastock.biz/GetReport.asp...-Dec%202008.pdf

Cash 593 million
Total loans 6.69 Billion
Capital commitment 24.86 billion

==>> Right from the start... net debt in loans is about 6 billion. Owe ppl 6  billion but wants to buy 24 billion worth of new planes... 

2009

https://www.malaysiastock.biz/GetReport.asp...02009_FINAL.pdf

Cash 747 million
Total loans 7.593 Billion
Capital commitment 24.6 billion

==> debts increased

okay? ..... fast forward.... lazy sikit

2015

https://www.malaysiastock.biz/GetReport.asp...%2026%20Feb.pdf

Cash 1.3 Billion
Total loans 12.7 Billion
Capital commitment 66.296 billion

===> see how the company gets deeper in debts?

fast forward... 2017...

https://www.malaysiastock.biz/GetReport.asp...Feb18_Final.pdf

Cash 1.8 Billion
Total loans 9.3 Billion
Capital commitment 89.8 billion

===> company had started selling and leasing back its planes...

fast forward lastest QR

https://www.malaysiastock.biz/GetReport.asp...021%20Final.pdf

Cash 400.7 million
Total loans 1.2 Billion
Capital commitment 97.3 billion
Lease liabilities 13.9 Billion
and there you have.... since 2008.... what really has AA achieved?

when you line up the data, preferably in ur own worksheet, it's much easier to see what's happening.... and all this is the company own doing.
and yes, on hedging... run thru the QRs the same way... you can see how AA took on way too much hedging risk (yes, business hedging is always good but whatever's good can turn bad if one over do it) and you can also see, throughout its history, go see how much hedging losses has AA suffered .....

Due to capital intensive and highly depreciated assets, it is normal for airlines to build on debts even well run airlines like sq. how debts is managed is another debts.

You are welcome.

The condensed income statement is useful too!

https://www.malaysiastock.biz/GetReport.asp...021%20Final.pdf



As you can see, the big ticket items ...

1. Depreciation of right of use asset = 416m per quarter
2. Lease liabilities = 115m per quarter
3. Finance costs = 50m per quarter

and yeah... staff cost ~ 120 million per quarter...

Yea... if I do a simple rough count, that's close to 700m per quarter.

and the Aviation revenue was only 118m.... even if Aviation revenue increases 3 fold, revenue will only be around 450 million...
As you can see, it's a long way off now for AA to even register a profit.... and TIME is never a friend of a lousy business....
the leased airplanes will depreciate more as time passes.....
the shelf live tioo.......
yup...... AA will have to take in new planes in the future too, but how? Which sky will the money drop from? Borrow again?

Here's an old posting of mine in 2016....

==================================================

http://www.theedgemarkets.com/my/article/a...imb-ib-research

In his note to investors today, Yap said investors have generally been cautious on the potential orders, fearing that AirAsia is once again over-expanding.
"Investors did not like the additional 100 orders which come at a list price of US$125.7 million each, as they come on top of the undelivered 304 A320neo orders," he said.
:x

304 belum deliver...
Order 100 lagi.....
LOL

How to write the word DIE ah?

source: posting #83

==================================================

See how AA backorder of new airplanes got so big?

AA went into a buying orgy during those years (and of course later we also found out about the Airbus bribery scandal) .....

Backorder of 304 airplanes undelivered... and AA went to order another 100 new ones.... !!!!!
This is hole that AA dug itself. Covid only exposed it!

Most saw and look at AirAsia based on how big the company was growing. They see the new planes, the expansion and most ppl assumed that the company is doing good.
But all that was achieved was achieved via borrowing. Yup the house was built on debt.

Hence, here we are.

The house of debts has been terribly exposed.
And the weakness is there and will continue to be there unless the management wakes up and address they key issue itself.