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There was one time AirAsia issued dividend MYR3/share. Wahhh... Everybody happy. Except one fella. He works for The Edge. He asked why give dividend so high. Its better AirAsia use that money and reinvest. Make AirAsia bigger.. Tony said he got approval/mandate from shareholders to give dividend / proceed from selling their airplanes. Actually, he wants that money for himself. Many ppl do this here. They owns several companies and their companies also one of his shareholders... You just imagine how much he gets from that dividend!!
Then Covid19 came. They lay off many ppl. Are they worried? Of course NOT. They don't care if company gone bankrupt. They already rich!!
Find high growth stocks. Clear business plan/roadmap. No hanky panky.
I am telling you this b'cos I don't want you all to make mistakes I once did back in 2018. Airasia looked very promising at that time. There were Now Everybody Can Fly, crazy politics, Lotus F1, Chatteram, QPR, AirAsia Japan and etc. Then I learnt Tony is a dreamer. He also love challenges. Then he release a book. He talked about his struggles, failures.. How he survives. How he hates financial analysts & of course how he cheats to survive. Then it HIT me. He always has his Exit Plan. Oh shit!!!! Dreams, challenges, struggles, failures are all risks!!!! Risks do not bode well with investment!!!! So, I jump ship!!