@Contrarian can't say I disagree

@Contrarian Insas la this is what board, not Jaks ya 🤣

Sorry can't resist reposting their title. I like how they have to make a plan's name so literal 🤣🤣🤣

As usual...PMX's announcements generate big headlines and very slow follow through. That being said, Inari in prime position under MITI's "comprehensive strategic semiconductor plan"

I saw this counter move and wondered. There's still time to run at 45 support. Once it breaks do run without hesitation or left waiting for the next pump.........

@Contrarian can buy back a bit already targetting 100% return p.a. by trades and without dividends lol

Hi @Albukhary I fully agree

Not urgent to all in...wait for the breakout after bullish flag is formed. But Japanese is right, back to rm 1.xx spon 😆

Dont get me wrong...not suggesting it is fundamentally very good or undervalued or whatever...DNEX is for speculators and that's what it is. From a speculative pov, technically it still looks very good.

You're thinking along the line of current performance, or a bleak future performance. The market price movement is suggesting there's something that we dont know yet that could be happening imminently

@ken sometimes we can be rational, but we also have to respect the market. You're right, DNEX came down so low for good reasons, and other reasons...with the benefit of hindsight now you know that was to flush out many shareholders

My KSL down 3%, DNEX down 1%...look at their respective QR lol

Since no one comment I will post it here for records lol





Reference is made to the Company’s announcement dated 27 October 2023 in relation to the execution of a binding heads of merger agreement in relation to the proposed merger of the construction and construction-related businesses of Ekovest and Knusford via the proposed acquisition by Knusford of the entire equity interest in Ekovest Construction Sdn Bhd from Ekovest (“Proposed Knusford-ECSB Merger”) (“Announcement”). Unless otherwise stated, all terms used herein shall have the same meaning as defined in the Announcement.

The Company wishes to announce that the Parties have mutually agreed for an extension of 2 months commencing from 28 May 2024 to 27 July 2024, to grant more time for the Parties to assess, evaluate and deliberate the Proposed Knusford-ECSB Merger in detail and to discuss and negotiate on the terms of the Definitive Agreement between the Parties.

This announcement is dated 27 May 2024.

It takes Foxconn plant to see limit up, patience

Therefore go look at DNEX, if this brief message does anything to change ur mind, thank me next time and I am returning the favour of you urging me to diversify lol goodluck mate

@Contrarian you cannot only buy things that are sure in this market

The stars are aligned. Doubters - too good to be true? 🤣

Finally if you look at the way DNEX is moving, from a technical point of view, what does that say to you?

2 years ago Zainal Abidin wanted to buy PING for RM1 billion. 2 years go DNEX has yet to win the couple of new Petronas Contract/ Oil field license announced I think back in Oct and this year. DNEX has not much debt - think oil outlook and 2 years ago 1B, compared to DNEX's market cap and balance sheet, Silterra and NIISE...what does that say to you?

In any event, NIIS is a bonus to DNEX shareholders - we never really bought into DNEX for this division. It's Silterra, CGP Settlement, Foxconn new fab plant and PING Petroleum

Apparently both bids submitted have a wide gap amouting to hundreds of millions. Govt trying to understand the variance and not looking only at lowest bid

Zainal Abidin formerly of DNEX and Tabung Haji owns Theta, a strong contender still

It has been confirmed that Heitech Padu is out from the NIIS bid.

Only 2 contenders now: DNEX vs Theta Edge

24/5/24 Closing

Inari +21 cents

Insas holds 527,008,575 Inari shares x 0.21 = +RM110,671,800

+RM110M for every Insas Share = + RM0.1668985 per Insas Share

Insas closed down -RM0.04 per share 🤣🤣🤣

Inari is +18c, so Insas in theory should move up like 14c in a very efficient market, but no it moves down 3 cents instead lollll

Every cent Inari moves is in theory approx. 0.8c in Insas

I really like how sellers start giving it to 1.04 as Inari is charging up. It's like they just wanna f w u hahaha

TP $4 is quite feasible. Love it when stocks break new 52wks high

Well done Inari go go go

Oops wrong forum

Well done Inari go go go

This counter gives you easy money within a very narrow range. You just have to trade it. Why you may ask that this keep repeating, why the free money. Because it's a multi-year wash and accumulate operation to ultimate privatise the counter. There's no money there for most investors as one would have already sold too many times

You're probably quite anxious now. You're afraid to sell at 44 because the upside is so huge. Yet you're more afraid to hold because you have been disappointed q after q, or if you're a new investor you do see what this counter has been doing

So what do you do now?

Don't fret, this counter is like that

It's too small and illiquid there are no players in it

It's also TMJ's company no one dare to play play

Therefore it will not move ahead of announcements

Therefore there is no leakage of insider news other than what is already announced

When the time comes it will just gap up on low volume - this has been seen many times in counters of this type

So no worries bros

If you're greedy and have sold some WC, it's time to buy the warrants

If you're a "long-term" investor or have a lot of spare cash to lock up, it's time to buy the mother share

Turnover is only $2M and $1M respectively, fulfill's contrarian's criteria of low volume

The knee jerk reaction this morning

The recovery now

There's relative strenght in Insas now. Looks like it's gathering strength to break above $1.10

If only Insas has sophisticated investors like those in Great Eastern or Isetan...

If only Bursa has activist investors like Bill Ackman or raiders like Carl Icahn...

Then you and I have no chance to buy Insas at this price ever

In the AGM an investor asked Insas's board what plans do they have to narrow the NAV and price gap. Insas answered, investors are encourage to exercise all the warrants 🤣🤣🤣



Sslee

Insas NAPS is now RM 3.63.
If WC fully converted then the dilute NAPS is RM (1x3.63 + 0.5x0.9)/1.5 = 2.72

1 hour ago

Late to market today. I should have stuck to my overnight buy queues for warrants now I can sell back to the buyers, missed opportunity

You have a good point here



TheContrarian

The only people who speaks well of Thong are those people who are stuck with Insas bought at high prices. They speak fondly of Thong to hook wink water fish to buy Insas so that they themselves could later sell and recover their losses. They would shamelessly promote Insas.

44 seconds ago

That's 95% of the time 🤣



TheContrarian

The best time to buy Insas has been when daily volume is low, when it is been ignored.

1 hour ago

Just jabbing you @Albukhary 🤣

I have observed a number of peculiar things in DNEX this round. I will keep them close to my chest until the time is right. Goodluck guys

DNEX has usually been very active in announcing MOUs. And every MOU signed leads to further decline in its share price. Now it has moved up without news. What does this say to you?

U typo is it what 2.56+ huge profit

It is often difficult to be a contrarian. First u have to establish what is the consensus. This round the market has moved up with retailers consecutively selling. Therefore contrarian = bull market, consensus is sell in May go away

I hope we all make the most out of this bull market. It doesn't come everyday. One must have the humility not to be a contrarian when the market is uber bullish, right? 🤣

Another day and more bought at .445

Meanwhile I play substitute shout $48 first

He'll be back next week

UncleFollower
1163 posts
Posted by UncleFollower > May 20, 2024 4:30 PM | Report Abuse
Maybe $48~$60

?

Sounds like Dino 🦕 detected here???