Haha. You learnt something!

H1N1 is now announced by WHO as world pendemic....

i guest this will somehow have effect on our airline industry...

people will start cancelling their flights to US, Australia, Singapore...etc..

Guess tenaga will gain abit since many will stay at home and keep on blasting their aircond in this hot weather

Correct assessment. Air Asia is fundamentally not a value investment. It is however a good speculative counter. Today it is down. It could go down more or it could bounce up higher. Take calculated risk. So long as you are not buying at the peak, there's good chance of making some money.

and additionally the crude oil is now hovering over $70 per barrel...

With the overall downward pressure on the CI, the surge in oil prices, and Swine flu, I finally cut loss and close my position. Chart wise, the MA is also stacked against the counter of near term up tick.

airasia major threat, i think is worldwide disease and crude oil price.

nothing could beat airasia enough~

now everyone can fly, cheers everybody~

This counter is good one .. But the recent H1N1 killed the business... i believe once the vaccine for the deadly disease available... the share price shall shoot up

i think the vaccine is available oledi but just they didnt mass produce it...

hmm, today consider increase a lot!!

just a personal point of view, a good counter but not a right time to invest, wait till government reset the fuel price and during sep, O&G has a big arrangement, CEO of air asia is not as slow thinker as others airlines, smart guy..

Kudos to Tony...



This post has been edited by asambuffett: Jun 25 2009, 08:49 AM

A sell Put position is extremely different from short selling. In fact, its some what opposite of it.

"The put buyer either believes it's likely the price of the underlying asset will fall by the exercise date, or hopes to protect a long position in the asset. The advantage of buying a put over short selling the asset is that the risk is limited to the premium. The profit, for a put buyer, is limited to the strike price less the underlying's spot price (in addition to the premium already paid).

The put writer does not believe the price of the underlying security is likely to fall. The writer sells the put to collect the premium. The total loss, for the put writer, is limited to the strike price less the spot and premium already received. Puts can also be used to limit portfolio risk, and may be part of an option spread." quoted from wikipedia.(link)

And also about the debt thing,

1. Forward Foreign Exchange Contracts
The Group has hedged 61% of its dollar liabilities pertaining to its aircraft, engine and
simulator loans into Ringgit by using long dated foreign exchange.

2. Interest Rate Swaps
The Group entered into interest rate swaps (some of which are capped) to hedge against
fluctuations in the US-LIBOR on its existing and future aircraft financing for deliveries
between Year 2005 and 2009. The effect of this transaction enables the Group to pay
fixed interest rate of between 3.25% (MYR), between 4.55% and 5.20% (USD) over a
period of 12 to 14 years.

These are from the 2009 1st quarter financial result.

And about the technical point of view, i am really sorry because i couldn't be bothered.

Proposed 20% placement...

I rather they propose rights...

http://announcements.bursamalaysia.com/EDM...56?OpenDocument

what does this mean ... to share price?

can someone explain what proposed 20% placement means?

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.

i reckon it will be more that RM1.17...the previous IPO price...

i think they will be using it to finance their new aircrafts. So, net gearing wont be significantly reduced, it might as well increase.

Market already reckon gearing to increase with the delivery of aircraft, so maintain gearing also not a bad thing compare to increase.

I sold my AIRASIA shares yesterday at RM1.21 per unit. I bought it at RM1.15 per unit and I do not plan to wait longer. So, I sell it.