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near to 40b liabilities and 12b nett liabilities, and by 7th October need to submit regularization plan, as much as I am attracted to Tony's charisma, this might be a mountain to steep to climb.
PN17 rules... Can Google. They are still a long way to come out of it but not impossible to do. It's already profitable Q by Q. Bursa will need to keep on approving their EOT. Once out from PN17 in a few year time, share price will be back to RM3 level.
in short pn17 rules warrant the shareholder equity to be at least 25% of the share capital, few points to note
1) total equity is at (10bil)
2) nta is at (2.01)
3) in order to activate more fleet, capA has actually incurred more debts quarter to quarter
4) even if they earn 1bil every quarter (pure profit and not from remeasurement) also nt enough to meet the pn17 requirements
5) most importantly, will bursa grant another extention? or oct7 will be D-day for CapA?
unless Tony getting creative, ( i think he is doing it via AirAsia digital), I dont see a clear pathway for CapA to get out of PN17 and this is coming from a CapA diehard fans.
Alternatively he can be creative and get those lessors to write off the debts by paying 0.5%, like AAX.
sorry that I didnt have the guts to join this ride, if CapA fly to the moon like most of the commentors here predicted, I will be the first to congratulate all those that hold the shares.
