INSAS BHD
KLSE (MYR): INSAS (3379)
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Last Price
1.07
Today's Change
+0.03 (2.88%)
Day's Change
1.04 - 1.10
Trading Volume
2,666,600
Details of Changes
Securities After Change
Transactions
| Ann. Date | Name | Details of Changes | Securities After Changes | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Date | Type | No. of Shares | Price | Direct (%) | Indirect (%) | Total (%) | ||||
Discussions
44 people like this. Showing 50 of 44,776 comments
“TheContrarian > OMG, Insas can't afford to pay dividend.”
Yes, not many companies can pay a Dividend Yield of suggested 35% i.e. 35 sen over a Ringgit. What is the impact of 35 sen reduction of Insas share price? Will it take another 10 years to reach a Ringgit again? What happens to those Margin accounts which are pledged at a Ringgit? Only capital repayment can afford 35%. I don't see Insas will do Capital Repayment, IMHO. Insas can most afford another 1 sen extra as what has been paid now, after an increment of an extra 0.5 sen recently, many thanks to Sslee..
19 hours ago
“TheContrarian > …To exercise warrants you need to pay 90 sen into Insas…”
Some people think just paying 90 sen will get 1 Insas Mother share, forgetting the cost of 1 Insas Warrant? To get the free Warrant, you need to subscribe to the RPS paying a Ringgit. Why do many Warrants just expire without being converted? In the case of Insas‐WC, theoretically Insas-WC in $ when Mother share reach RM0.9 and free cost at RM1.80 i.e. RM0.9 plus conversion cost of another RM0.90. Therefore Leno is partially correct if Insas reach RM1.80..I will not be laughing at Leno if it do reach RM1.80..hehe
18 hours ago
Posted by TheContrarian > 14 minutes ago | Report Abuse
@xiaoeh, yes anytime until expiry in February 2026.
noted and thanks TheContrarian
no wonder last time
there was one syndicate ((forgot which penny stock) issued warrant price far far lower than mother share
and they bought substantial amount of warrants and converted it to mother share to make profit
case closed and no punishment....
18 hours ago
“TheContrarian > ….Insas will receive RM207 million from the exercise of 230 million warrants by Thong. Insas still no money to pay dividend?...”
Some people don't understand if paying 90 sen converting Insas-WC pre Dividend of RM1 will get post Dividend of 35 sen; will end up Insas trading price of RM1 minus 35 sen; i.e. only 65 sen..$ only from left pocket to right pocket. I am in doubt can the Insas-WC $ can be used for Dividend payment, got to read the TnC for RPS RI. Dividend payment also got TnC, as what I know from reserve account or extraordinary sale proceed..
Another info from my company Accountant; accumulated Profit is not necessary the company doing well and accumulated losses not necessary the company doing badly for the current year. Company can pay us bonuses irrespective with previous year accumulated losses. Just food for thought for this particular statement.
18 hours ago
“TheContrarian > Insas has new target price, RM1.80.”
Yes, RM1.80 if Insas ‘kill the Golden Goose’ Inari, and can afford to pay 35 sen Dividend..haha
17 hours ago
The idea of Thong exercising 230 million warrants at exercise price of 90 sen is to take his shareholding over 50% in a blink of an eye. This is the cheapest method for him to cement his hold on Insas officially. After that he will privatize Insas and own Insas 100%.
17 hours ago
When Thong exercises 230 million warrants he is obliged to make a mandatory general offer (MGO) for all Insas shares at 90 sen per share. As the MGO will fail Thong will only own slightly above 50%. Insas share price can continue to be suppressed thereafter for several years until one day Thong will propose a Selective Capital Repayment to privatize Insas.
17 hours ago
Wasted my so many years of asking BOD at every AGM to pay a reasonable, fair and equitable dividend.
Now I only know the real reason is Insas can't pay dividend.
17 hours ago
If only insas pay out to shareholders what Insas received from inari dividend what will be that dividend amount?
17 hours ago
@MrSslee, got to give it up, treat Insas as a trading stock, buy when it's cheap enough, sell when all the so-called masters/sifus get excited.
17 hours ago
Thong could have shared Insas' wealth with the minorites if he wanted to but sadly .........
17 hours ago
I can't understand rich man thinking. Can they bring their rich to grave.
They need to understand in giving we received.
17 hours ago
In his mind Thong could be thinking that the minority shareholders didn't contribute to enhance Insas' value so they don't deserve it.
16 hours ago
@MrSslee, let SBagan price cool off first. Any huge special dividend will only be declared months later after OCBC Bank completed the general offer of Great Eastern shares. Short term players have taken position last Friday and they will eventually sell. I feel best not to rush in and wait for price to fall back and stabilize. Monday price might spike based on The Edge write up.
15 hours ago
4.76 million Great Eastern shares will all now be with SBagan, Kuchai has sold off all to SBagan.
15 hours ago
For those who don't know, Insas owns some shares in OCBC Bank which owns Great Eastern.
15 hours ago
And I want to disclose currently I own some shares in SBagan but none in Kuchai.
15 hours ago
And I hereby declare that I intend to buy more SBagan shares at the right price at the right time.
14 hours ago
Great Eastern shares will bring in RM426 million. SBagan enlarged share capital will have 93.5 million shares, that's RM4.55 per share.
14 hours ago
Insas owns OCBC Bank shares which owns Great Eastern shares, so Insas owns Great Eastern shares, hahaha.
14 hours ago
I search no find anything about Insas holding any Ocbc shares. Can show us the link? Thx
13 hours ago
Posted by speakup > 7 minutes ago | Report Abuse
I search no find anything about Insas holding any Ocbc shares. Can show us the link? Thx
+1
13 hours ago
Posted by TheContrarian > 2018-07-29 04:40 | Report Abuse
I bought Insas at 65-66 sen in 4 tranches from June to Nov 2016 and sold off all at 1.06 and 1.10 in 2 tranches in June/July 2017, that's a gain 66%. Even received a 1 sen dividend. Sometime this year I started buying back at 80 sen down to 77 sen. Sometimes timing is important to maximize gain rather than buy and hold for forever. Insas has been good to me and will be good to me again.
I found an old posting of mine way, way back in 2018.
13 hours ago
@speakup, go dig up the old Annual Reports of Insas and read through every page. If you are sharp, you will see OCBC Bank mentioned.
13 hours ago
Back in 2018 I was hoping Insas will be good to me again and of course Insas was good to me again not only a second time but a third time, ended up making a four fold gain.
13 hours ago
As of 30 June 2019, the Group’s investments in listed equities are primarily in the properties and REITS, consumer products and financial services sectors in both local and overseas stock exchanges, and the
key equity investments include, amongst others, IGB REIT, Ho Hup Construction Company Berhad, Omesti Berhad, SYF Resources Berhad and Oversea-Chinese Banking Corporation Limited.
3 hours ago
Insas foreign investment as at 31/06/2023
US Singapore Sterling Australian Hong Kong Other Dollar Dollar Euro Pound Dollar Dollar currencies Total
RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000
Financial assets at fair value through profit or loss
23,175: 102,361: 151: 769: 10,469: 37,315: 7,520: 181,760
3 hours ago
investments in listed equities
Singapore equilvalent RM 102,361,000
HK equilvalent RM 37,315,000
US equilvalent RM 23,175,000
Australia equilvalent RM 10,469,000
3 hours ago
How much of the investment in listed equities Singapore equivalent RM102,361,000 is in OCBC Bank?
2 hours ago
Thanks SSLee sifu
hope for SSLee sifu could periodically guide us how to read AR in very detail....
Thanks in advance...
2 hours ago
SSLee sifu
is Financial assets at fair value= investments in listed equities?
as the above both numbers are identical...
2 hours ago
Q2 end 31/12/2023
RM'000
(Loss)/Gain on fair value changes of financial assetsat fair value through profit or loss (1,081)
Hopefully Q3 end 31/03/2024 will have some gain.
1 hour ago
Stock market everywhere is higher in March 2024 compared to December 2023, there will surely be gains. Unfortunately minority shareholders don't gain this through Insas share price.
1 hour ago
Insas will be receiving dividend of S$0.42 (RM1.47) per share from OCBC Bank on 21 May.
1 hour ago
Suddenly so quiet hahahaha all dont dare to say anything scared it drop as quick as it rose right
39 minutes ago
TheContrarian has a good understanding of corporate laws and exercise one of the more learned investors around eh
36 minutes ago
And now he is watching carefully thinking why WC moved ahead of mother share since Friday whether this is real or distribution and thinking what is the consensus now for him to act in contrary 🤣
35 minutes ago
I can sell off my 3,000 Insas shares which i bought at 1.03 at the same time as you did.
8 minutes ago
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xiaoeh
can we do warrants conversion to mother share any time before expiry date TheContarian?
19 hours ago