Some More Thoughts On AirAsia's Proposed Stock Sale

I was just wondering.

Ok, I was thinking for a moment. Hey I could be wrong hor.

Anyway as per yesterday's posting Comments On AirAsia Stock Sale

• Piggy bank cash balances now is at 223.991 million. Total loans stood at 6.934 Billion!!!!!!!

Now assuming the full 500 million raised from the stock sale is used to par down AirAsia debts, it would mean a cash balances of 223.991 million versus a reduced loans of 6.4 Billion!

Which is still incredibly high, yes?

And considering that AirAsia is going to have to take delivery of more new planes, surely this is not cutting it, yes? I mean the total debts is still going to increase a lot!

Now since AirAsia Says That "There Is A Huge Appetite For Our Shares...", I am wondering....

So how about AirAsia doing a more BIGGER stock sale?

How about a 1 for 1 rights issue?

Yeah, instead of getting new investors, why don't AirAsia current shareholders, fork out more money?

As mentioned, a 20% stock sale or placement could raise some 500million, just imagine how much a 1 for 1 rights issue could raise?

How about this?

At least this way AirAsia could really raise a whole lot of money!

And at least, it also shows how much AirAsia's own shareholders are really optimistic about AirAsia's future prospects.

Just food for thought lah.

If you don't like it, just spit it out. :D