Air Asia X at 65 sen, as valued by Tony Fernandez;Could it be headed down to 25-40 sen, as valued by Richard Branson?
As reported today,19 November 2014 : AirAsia X, the long-haul low-cost carrier, saw its share price fall to a record low of 65 sen on Wednesday after it sank deeper into the red with net losses of RM210.95mil in the third quarter ended Sept 30, 2014. At 4.23pm, it was down 4.5 sen to 65.5 sen. There were 48.98 million shares done at prices ranging from 65 sen to 71.5 sen. As reported on Sahathevan Blogspot, 22 July 2013: Monday, July 22, 2013 Air Asia X worth between 50-70 sen according to Fernandes, 25-40 sen according to Branson Maybank's "stabilization" of Air Asia X's share price, which has not moved beyond the RM 1.25 IPO price , expires in about 2 weeks. AAX's Bursa filings make clear that Maybank's support is what keeps the price at even RM 1.25, thus raising the inevitable :what happens in 2 weeks , or less , when the price is no longer supported? Given recent past valuations of the company, based on transactions by company insider...