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 Airasia, Airasia

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htt
post Jun 12 2009, 04:25 PM

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QUOTE(VyvernS @ Jun 12 2009, 03:40 PM)
I was talking with a friend yesterday. We looked at the Air Asia P/L and Balance Sheet.

The P/L looks good, but in the balance sheet there is about 0.8 Debt/Asset Ratio. I do not think that is really healthy.

Basically it means out of every $1, 80 sen will need to pay the debtors. Only 20 sen is for shareholders.
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Debt yield lower than equity...
More appropriate words should be:
for every 20 sen capital shareholders fork out,
debt holders fork out 80 sen tongue.gif

But I agreed with you, the gearing is higher than it should be, a capital call will be justified for that (I think initially they want to use cash flow from operation to pale down the debt, but that's not working very well under the economy condition now, maybe the CEO is big fan of M&M tongue.gif ).
htt
post Jun 29 2009, 09:57 PM

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Proposed 20% placement...

I rather they propose rights...

http://announcements.bursamalaysia.com/EDM...56?OpenDocument
htt
post Jun 30 2009, 07:20 AM

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QUOTE(fatw3apon @ Jun 29 2009, 11:03 PM)
can someone explain what proposed 20% placement means?
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That means AA will issue maximum 20% of it's share to selected party, normally with some discount to encourage take up rate.
The minority share holding will automatically diluted. Share price depends on the discount given & investors' perception towards future of the company. For AA, the gearing should be reduce, so if discount is not huge, then should be a bit positive.
htt
post Jun 30 2009, 06:47 PM

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QUOTE(jiacheng91 @ Jun 30 2009, 01:08 PM)
i think they will be using it to finance their new aircrafts. So, net gearing wont be significantly reduced, it might as well increase.
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Market already reckon gearing to increase with the delivery of aircraft, so maintain gearing also not a bad thing compare to increase.
htt
post Jul 15 2009, 10:48 PM

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QUOTE(p3nang @ Jul 15 2009, 09:58 PM)
any dividend from airasia soon?
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Not that possible...
htt
post Jul 16 2009, 06:40 AM

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QUOTE(p3nang @ Jul 15 2009, 11:12 PM)
how to know whether a company is going to distribute dividend b4 they declare?
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Ask the CEO tongue.gif
htt
post Jul 27 2009, 08:30 AM

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QUOTE(georgechang79 @ Jul 26 2009, 10:45 PM)
I like the AirAsia model and personally admire Tony Fernandez but fundamentally i think Airasia is taking a huge gamble in doing expansion is a recession time. I admit it is opening Malaysia to alot of new places with cheap air fare like India, UK, Australia and China.

But is it expanding too fast? Somemore it is branching off in many different areas like Tune Hotel and other things which is not related to air travel.

Also it is now talking about mergers with AirAsia X. Refer to http://biz.thestar.com.my/news/story.asp?f...12&sec=business

Does this mean there is some cashflow problem with AirAsia since it is so highly geared.

Plus the AirAsia Thailand and AirAsia Indonesia operation dont look so rosy in my own opinion.

In the end, it is still too risk opposed to potential gain. There are more easy cash cows out there.  tongue.gif
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It is now planning for placement, probably to address that issue... and the cashflow actually look ok for me, so long generation match repayment... long term need to keep an eye from time to time... tongue.gif
htt
post Jul 28 2009, 11:49 PM

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QUOTE(georgechang79 @ Jul 28 2009, 09:13 PM)
AirAsia owe RM65mill payment due to MAHB which is causing AirAsia X to lose right to fly to Sydney and Seoul.
http://biz.thestar.com.my/news/story.asp?f...67&sec=business

I still think they are having cashflow problem which is why they are planing merging both together and sell of their excess planes. Also i think they are expanding into too many area at the same time.

hmm.gif
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I think the CEO is an accountant by training & practice, he should be very careful about cashflow... but AA's relationship with MAHB is bad, not because of the amount owe I think.

If I am boss, I would like my accountant to be calculative and count every cent and dispute on whatever deemed to be overcharge... just personal opinion only...

This post has been edited by htt: Jul 28 2009, 11:51 PM
htt
post Aug 13 2009, 04:27 PM

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http://announcements.bursamalaysia.com/EDM...BA?OpenDocument
2Q Result
htt
post Nov 20 2009, 06:55 PM

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Airasia result
http://announcements.bursamalaysia.com/EDM...E5?OpenDocument
htt
post Nov 22 2009, 12:12 AM

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QUOTE(IGax2000 @ Nov 21 2009, 08:47 PM)
airasia is doing well for this year 3 quarters, how come the price is still look like stagnant? hmm.gif
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Air Asia still under high risk.
1. Airline stock is high risk, because high capital requirement, volatile and competitive market, protectionism, publicity etc.
2. AA balance sheet not so strong, cash generated just enough to cover capital commitment.
3. Share just diluted with private placement.
4. Thai associate co still making loss.
5. Big order of A320, where to deploy etc, cannot park and let it rust, right?
and so on and so on...

But I still hold and looking into addition if price drop... high risk high return...
Personal opinion only... tongue.gif
htt
post Nov 23 2009, 09:02 AM

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QUOTE(! Love Money @ Nov 23 2009, 08:47 AM)
5. i read from news that they have defered the delivery of A380 for this year... should save them some money is it?
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Whatever in already in (means the loan kick in and service of loan start, think the loan all term loan with fixed repayment one), the deferment helps to reduce future cash outflow and it might be right move in current market condition. So far the cash management still ok, matching out with in (but no need to hope for dividend tongue.gif ). Continue forward if everything work all right, should wait for another 2~3 years before the real cash coming in. My personal opinion only. blush.gif
htt
post Feb 23 2010, 03:23 PM

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QUOTE(simplety @ Feb 23 2010, 01:47 PM)
Is AIRASIA issueing rights share?
Anyone?
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Nothing announced, but they just did a placement not long ago...
htt
post Oct 21 2010, 10:58 AM

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QUOTE(Darkmage12 @ Oct 21 2010, 10:51 AM)
You know airasia owe airport alot and refuse to pay?
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Think they paid quite a lot of them liao, after some discount or so, I like the way they do it, sometime we fly with budget airlines and found the airport tax actually more expensive than the flight; ppl sitting idling on ground get more than ppl flying ppls around, what kind of logic is that? hmm.gif
Still holding mine...
htt
post Oct 21 2010, 11:36 AM

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QUOTE(cypher @ Oct 21 2010, 11:10 AM)
airasia today is like hot cake~

they keep practice EMPLOYEES’ SHARE OPTION SCHEME ("SCHEME")

this one is give their staff share right??
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The option normally valid for a period of time e.g. 2 years, but if the exercise price is lower or near market price, less ppl will bother to exercise, but now the price should be well above the exercise price, then all rush to exercise.
htt
post Feb 23 2011, 10:31 AM

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QUOTE(admnovsk @ Feb 23 2011, 10:04 AM)
when will they announce their Q4 results? btw if im not mistaken airasia hedged its fuel supply, no?
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Should be 24th or 25th. Yes but maybe around 35% of their requirement only.
htt
post Mar 2 2011, 08:13 AM

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QUOTE(Untitled-2 @ Mar 1 2011, 11:41 PM)
Lol dont greed the dividend la!! ask them buy more planes better leh.
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How about this, optional share dividend? Then those want money get money, those want share get share...皆大欢喜。。。
htt
post Mar 7 2011, 10:20 PM

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QUOTE(powind @ Mar 7 2011, 10:15 PM)
Airasia got give dividend over the past few year?
How many?
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No, none.
htt
post May 11 2011, 05:26 PM

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QUOTE(SKY 1809 @ May 11 2011, 05:06 PM)
Why ? any airplane crashes
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mind crash... tongue.gif
htt
post Mar 8 2012, 05:04 PM

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QUOTE(batigolafa @ Mar 8 2012, 02:05 AM)
I always like AirAsia counter..try to grab more when is cheap
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The price is kind of stable... no down one...
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