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Author: Sslee   |   Latest post: Sat, 23 Mar 2019, 5:23 PM

 

How Value can be Unlocked in Deep Value Stock? INSAS

Author:   |    Publish date:


Dear all,

An adaptation of an article sends to me:

Investors can sometimes find a deep value stock with the market price way below its intrinsic value. However, many found it is frustrating investing in it with the persistence of undervaluation for a long period of time. Most investors are not patient enough and would just give up and walk away, while a few diehard value investors remain patient to wait for its value to be unlocked.

What gives a diehard value investor confidence that value will be unlocked so that he can realize the profit expected from his investment? There are different kinds of value stocks, and the precise answer is different. But the answer lies in one word: catalysts.

A catalyst for a stock is a revelation or event that propels the price of an undervalued stock dramatically. It can be anything: an earnings report, an analyst revision, a new product announcement, announcements of a special dividend, stock buyback, an offer to buy a company or merge, a management change, a move by an activist investor and etc

Below are some speculations on how the value of Insas could be unlocked.

If the management desires, it can increase the dividend payment annually, or declaration of special dividend and formulate a formal dividend policy which it can easily do so with the cash and cash equivalent it possesses. Many investors do look for dividend as a recurring income in their investments. A yield matching the fixed deposit rate will certainly great. Dividend distribution also gives a positive signal to investors.

The presence of an activist investor, or a group of investors with deep pocket could use his/their own cash or carry out a risk arbitrage, if possible, to acquire 33% of the outstanding shares from the market and go for a conditional MGO. In this case Dato’ Sri Thong and PAC will have no choice but to make a higher counter offer.

Insas could also carry out a restructuring exercise such as streamline low profitability business car rental (Close down 5 non-performing car rental branches, increase utilization of hourly rent Tribecar Pte.Ltd with target revenue growth RM 15 million to RM 21 million FY2019), or selling off its business with losse, luxurious goods segment and etc which are hampering the growth of the whole company. This will also act as a catalyst. With the proceeds of the sale of some of these under-performing assets, and concentrate in redistributing resources to grow it other associates companies DGSB, Numoni and Ho Hup. Better still with “Cash is king” opportunities will present itself for Insas to acquire some great companies with better growth and profitability prospect.

An investor may be able to identify a potential catalyst that can unlock the value. But the timing is still not known. A typical horizon can be of two-three years, but can sometimes be as high as five years. Assuming an investor of Insas is very confident that the share price of Insas could rise to double from its price now of 77.5 cents to RM1.55 in the next few years due to its grossly undervaluation, if the holding period is one year, this will mean a 100% compounded annual growth rate (CAGR); for two years, it will mean 42% CAGR, 26% for three years, 19% for four years, and 15% for five years. These CAGR are considered as very good. As we know, Insas’s share price is even at a much higher discount than the 50% assumed, even a long holding period can still give decent returns. Note the above has not considered any new growth of the business of the Group. We know that its main contributor, Inari, does have some growth potential.

What gives comfort and holding power to the value investor is that he knows what he is waiting for and how long the wait might be.

There are more other potential catalysts—growth in earnings as business segments become increasing profitable, spin-offs, reorganizations, a new and good acquisition, big fair value gain on investment securities or simply a change in perception of investors, etc. Where there aren’t visible catalysts, activist investors sometimes get in and do the needful.

Note: The next catalyst time line:

  1. http://www.insas.net/pdf/img-20181226.pdf

The Board has taken note of the shareholders’ comments and will look into formulating a formal dividend policy depending how market recovers in the next nine (9) months. The Company has via an announcement on 26 November 2018 increased the interim dividend payment from 1 sen to 2 sen in respect of the financial year ending 30 June 2019.

  1. http://www.inariberhad.com/img/ir/8th%20AGM%20minutes%20(Key%20Matters%20Discussed).pdf

Latest development of Plant 34 in Batu Kawan: Construction of Block A with a floor space of 240,000 sqft has been completed and we target to build in the facilities by Jan-March 2019. Production of a new product is expected to commence by second half of 2019.

Block A has been allocated to one of our current customers while Blocks B & C are targeted for new customers. We endeavour to diversify our customer base while still maintaining good relationship with our existing customers. There are potential customers for the remaining 2 blocks, however, we are qualifying customers to select those with good products margin in the niche segments.

Health sensor is mainly used in lifestyle apps and activity tracker devices such as wearables and smartphones. We are in the right technology area as there is growing demand for health conscious real-time monitoring devices. MiniLED is mainly used in billboard advertisement. Our MiniLED production has started in small scale and it is important project for our Company which aligns to digital and modern applications.

Focus on managing costs and margin, and the implementation of Industry 4.0 to acheive greater efficiencies towards lowering of the manufacturing costs.

  1. https://klse.i3investor.com/servlets/stk/3379wb.jsp

INSAS-WB (3379WB); Maturity Date: Feb 25, 2020. Exercise Price: MYR 1.00. If Dato’ Sri Thong convert the INSAS-WB, he will need to make conditional MGO at price of RM 1.00 + INSAS-WB price on FEB 25 2020. If Dato’ Sri Thong do not convert INSAS-WB then it is free for all to gather 50% + 1 share and take over control of INSAS.

  1. http://www.insas.net/pdf/img-20181226-2.pdf

Numoni is a fintech startup. While it has not been able to gain traction in the e-payment industry, it continues to hold remittance licenses in Malaysia and Indonesia, as well as e-wallet license in Malaysia. Numoni is currently working on partnership or trade sale opportunities as the e-wallet businesses grow, at the same time continuing to develop its product platforms. We believe fintech continues to be important space for the Group to invest alongside its other Tech portfolio.

Thank you

P/S: https://klse.i3investor.com/servlets/stk/fin/3379.jsp?type=last10fy

INSAS last 10 FY Summary: Net worth CAGR: 9.81%.

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Labels: INSAS

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Chart Stock Name Last Change Volume 
INSAS 0.755 -0.01 (1.31%) 123,600 

  3 people like this.
 
Heavenly PUNTER Unker correct, I was about to ask you why INSAS no give dividend. I know sharebuyback not an option. But you friend with CEO mah, any ideas or indication he wants to give us some dividend ah? He got a lot of dividend from INARI already also wor, time to give some to the shareholders mah!
15/03/2019 11:17 PM
Heavenly PUNTER Okay lah Unker Sslee, i would rate your article 8/10, not too bad actually now I think of Insas, will consider a bit now.
15/03/2019 11:19 PM
Jarklp Insas should merge with TA, combine their property and stock broking business. Get rid of non-core/non-performing assets and return cash to shareholders...
15/03/2019 11:47 PM
stockraider CORRECTLOH JUST LOOK AT GENERAL RAIDER CALL ON INSAS VERY TRUE MAH...!!
U NEED TO BE SMART AND HAVE SPECIAL HARDWORKING TRAINING IN ORDER TO BE SUCCESSFUL LOH....!!

Lessons from – “The Five Rules for Successful Stock Investing” by Pat Dorsey. Pat Dorsey is the Director of Stock Analysis at Morningstar.

· Picking individual stocks requires hard work,discipline and an investment of time (and money). INSAS IS NOT CHINCHAI MAH..IT IS MONTHS AND MONTHS OF INTENSIVE RESEARCH DONE VERY CAREFULLY TO GUARANTEE GREAT SUCCESSFUL BUY LOH...!!

· You need patience, an understanding of accounting and competitive strategy and a healthy dose of skepticism . THIS TRUE LOH...RAIDER CAN ASK U TO BUY RM O.67 AND THEN ASK YOU TO SELL RM 0.83 WITHIN 1 MTH AND MAKE 20%, BUT RAIDER DON DO THAT BCOS RAIDER KNOW SUCCESSFUL MAJOR KILLING IN STOCK MARKET, NEED TIME TO DEVELOP, THATS WHY RAIDER ASK U TO KEEP LONG TERM AT LEAST 3 YRS .

· Buying stock means part ownership in a business .YES INSAS U ARE OWNING A SAVVY FINANCIAL CO LIKE BERKSHIRE HATHAWAY, THEY INVEST AND GROW BY INVESTING IN MANY GREAT COMPANIES LIKE INARI..!!

· Courage of conviction. U JUST LOOK AT RAIDER BOLD CONVICTION AND SAILANG CONVICTION WITH TP POTENTIAL 2.30, AND HOLD LONGTERM WITHOUT WAVERING EVEN MKT SELLDOWN...U WILL UNDERSTAND WHAT IS COURAGE & CONVICTION ALL ABOUT LOH.

· Companies with most conflict of opinion are often best investments ( think contrarian). CORFRECTLOH ALOT OF PEOPLE ARGUE AND BELITTLE RAIDER INSAS PICK, BUT RAIDER JUST STANDBY WITH THE GREAT CONVICTION OF INSAS SUREWIN, WITHOUT ANY FEAR....BCOS RAIDER KNOW....THIS IS ONE OF THE BEST PICK U CAN EVER FIND MAH..!!

EXACTLY SIMILIAR TO RAIDER MARGIN OF SAFETY APPROACH
Core principles of investing
o Doing your homework
o Finding companies with strong competitive advantages
o Having a margin of safety
o Holding for the long term
o Knowing when to sell
16/03/2019 11:45 AM
qqq3 so many people write about share market.

but the most simple , most assured way to long term success(over a life time ) is the way adopted by Philips.
16/03/2019 12:44 PM
qqq3 by Heavenly PUNTER > Mar 15, 2019 11:17 PM | Report Abuse

. I know sharebuyback not an option
==========

company share buy back is a proper option but they know it is a lousy share.
16/03/2019 12:47 PM
beso you better be realistic, insas is a true value trap, untrustworthy nta. the true is company earning plunged q by q despite handsome dividend received from inari, going forward profit will be even lower, therefore further drop is well expected. company no sbb to date simply bcos insas is not cheap at current level to the knowledge of management.
16/03/2019 1:34 PM
stockraider REMEMBER STAY ON COURSE LESSON, JUST A FEW MONTHS HOLDING INSAS U CANNOT BE ITCHY FIDE....AND HAVE SELF DOUBTS LIKE....VALUE TRAPS...LOUSY CO...CON COMPANY ETC....THESE ARE VERY BAD INVESTMENT CHARACTERISTICS LOH..!!

AFTER ALL INSAS IS ALREADY MAKING MONIES, BASED ON RAIDER INITIAL ENTRY RM 0.67 PRICE MAH....U ALREADY MAKE GOOD MONIES MAH...!!

BUT U WANT TO MAKE ALOT MORE MONIES OR NOT ??

IF U WANT TO MAKE VERY BIG MONIES...JUST STAY ON COURSE FOR LONGTERM...BE BRAVE DO NOT CAVE LOH......!!
16/03/2019 2:03 PM
qqq3 Insas is like a cock teaser. Beautiful on the outside, rotten inside.

Reminds me of sslee and his ultimatum.
16/03/2019 2:28 PM
stockraider NOT TRUE LOH....INSAS HAS Very much INNER BEAUTY VERY FEW SUITORS KNOW LOH...!!

1. IT HAS INARI THAT WORTH MUCH MORE THAN THE WHOLE INSAS MKT CAP.

2. IT HAS SUBSTANTIALLY UNDERVALUE PROPERTY ASSETS UNREPORTED LOH..!!

3. IT HAS SUBSTANTIAL UNDER VALUE INVESTMENT AND SECUIRITIES ASSETS not reported LOH......!!

4. MOST IMPORTANTLY IT HAS SUBSTANTIAL NET CASH AND PAYS INCREASINGLY DIVIDEND LOH...!!

If there is a beauty contest for the best investment stock...Insas definitely wins number 2..the most outstanding after sapnrg loh...!!

Posted by qqq3 > Mar 16, 2019 02:28 PM | Report Abuse

Insas is like a cock teaser. Beautiful on the outside, rotten inside.

Reminds me of sslee and his ultimatum.
16/03/2019 2:36 PM
Sslee Dear all,
In i3 there is this master of disguise, manipulative and king of PLP where he is able to use his manipulative “Batu Api” skill and thick skin without shame to gatecrash any genuine blogger/remisier/partnership and doing his dirty best to endear himself to his future victim by spreading hatred and falsehood to split, divide and rule. So please do not fall into his manipulative trap and become his next victim.

So please allow me to unmask and expose the true character of this charlatan. I repeat quack quack quack is a fake accountant, a fraudster, a backstabber, a bootlicker, an ass-kisser, a shameless manipulator, King of PLP, King of double talk, King of backstabber, King of poison slanderer, King of jealously, King of low life, King of bullshitting and talk cock, King of dishonest, despicable, distasteful, disgusting and evil. I am cruel and mean to quack quack quack because of what he had done in unashamedly misleading many newbie and even veteran investors to Holland.

Thank you.
P/S: Many deep value stocks are almost like our Musang King durian: ugly, dangerous and smelly from outside (If you do not know how to handle it). But once you know how to unlock it and taste what is inside, you will love it and beg for more.
Have a good day and please do not sit in-front of your computer, spend the weekend with family.
16/03/2019 4:04 PM
qqq3 ss

My offer for psychiatric help still available for u.......
16/03/2019 4:49 PM
stockraider Look here how successful people react to opportunity to make big monies, they are destine to success with very good sapnrg picks mah....!!

1) Ahfah
SHE BOUGHT ALOT SHE COULD BUY TO THE EXTENT CUTTING HIS SON LIVING STUDY ALLOWANCE IN AUSTRALIA LOH....!!

2)Ahfah son
I DID NOT CONVEY THIS AHFAH MESSAGE TO THE SON, I JUST TOLD HIM HIS MOTHER BOUGHT ALOT OF SAPNRG FOR HIM AT RM 0.30....HE IS VERY HAPPY NOW BCOS HE HAS BEEN MONITORING SAPNRG SHARE PRICE, IT IS RISING TO RM 0.365 YESTERDAY....HE IS VERY CONFIDENT LOH...!!

U notice here despite summoning brave courage to buy sapnrg, they also make short term sacrifice for future benefit.
This is are the positive traits that help people to make big long term profit gain loh....!!

Please do not trade for pittance profit buy & sit for long term superb profit loh....!!

Posted by stockraider > Mar 16, 2019 12:20 PM | Report Abuse X

AIYAH REFREE DRAGON....DON BE SO KEPOH LAH....!1

WHO KNOWS AHFAH MORE THAN RAIDER LEH ??

IF RAIDER SO COCKSURE THAT SAPNRG CAN GO RM 3.00 IN 3 YRS 3 MTHS TIME...DO U NOT THINK RAIDER HAS NOT SPREAD THE GOSPEL TO BELOVED SISTER AHFAH LEH ??

FOR YOUR INFO SISTER AHFAH ALREADY ENTER ALOT OF SAPNRG AT 30 SEN LOH.....!!

SHE BOUGHT ALOT SHE COULD BUY TO THE EXTENT CUTTING HIS SON LIVING STUDY ALLOWANCE IN AUSTRALIA LOH....!!

RAIDER KNOW BCOS AHFAH'S SON COMPLAIN TO RAIDER ABOUT AHFAH CUTTING HIS ALLOWANCE LOH....RAIDER ADVICE HIM TO TEMPORARY BEAR WITH HIS MOTHER BCOS SHE IS TRYING TO MAKE THE FAMILY VERY RICH LOH...!!

I TALK TO AHFAH SHE SAY THAT SHE HAS BEEN PAMPERING HIS SON TOO MUCH, HE NEED TO GROW UP AND NOT TO OVERSPEND. IF HE WANTS TO SPEND MORE GET A PART TIME JOB TO SUPPLEMENT HIS ALLOWANCE LOH...!!

I DID NOT CONVEY THIS AHFAH MESSAGE TO THE SON, I JUST TOLD HIM HIS MOTHER BOUGHT ALOT OF SAPNRG FOR HIM AT RM 0.30....HE IS VERY HAPPY NOW BCOS HE HAS BEEN MONITORING SAPNRG SHARE PRICE, IT IS RISING TO RM 0.365 YESTERDAY....HE IS VERY CONFIDENT LOH...!!
16/03/2019 5:03 PM
huat888 Testing Investors patience. So many have just given-up after few years and just go away
16/03/2019 8:25 PM
sense maker It’s better to unlock yourself from Insas, judging by the attitude of the controlling shareholder towards minority shareholders in the past decade.
16/03/2019 11:02 PM
stockraider How Value can be Unlocked in Deep Value Stock? INSAS
Author: Sslee | Publish date: Fri, 15 Mar 2019, 11:04 PM

Dear all,
Investors can sometimes find a deep value stock with the market price way below its intrinsic value. However, many found it is frustrating investing in it with the persistence of undervaluation for a long period of time. Most investors are not patient enough and would just give up and walk away, while a few diehard value investors remain patient to wait for its value to be unlocked.YES PATIENCE IS THE CORE OF MARGIN OF SAFETY LOH...!!

What gives a diehard value investor confidence that value will be unlocked so that he can realize the profit expected from his investment? There are different kinds of value stocks, and the precise answer is different. But the answer lies in one word: catalysts. NOT NECESSARY ONLY CAN PROFIT FROM UNLOCKED VALUE, SOMETIME JUST RERATING CAN UNLEASHED HUGE UPWARD MOVEMENT.

A catalyst for a stock is a revelation or event that propels the price of an undervalued stock dramatically. It can be anything: an earnings report, an analyst revision, a new product announcement, announcements of a special dividend, stock buyback, an offer to buy a company or merge, a management change, a move by an activist investor and etc. ALL THESE ACTIVITIES ARE BUSINESS ACTIVITIES THAT MAY TRIGGER AN IMPROVEMENT IN SHARE PRICE & VALUATION.

Below are some speculations on how the value of Insas could be unlocked.

If the management desires, it can increase the dividend payment annually, or declaration of special dividend and formulate a formal dividend policy which it can easily do so with the cash and cash equivalent it possesses. Many investors do look for dividend as a recurring income in their investments. A yield matching the fixed deposit rate will certainly great. Dividend distribution also gives a positive signal to investors. INSAS HAS STARTED INCREASING DIV FROM 1 SEN TO 2 SEN AND WITH HUGE NET CASH HOLDING POTENTIAL HIGHER DIV CANNOT BE DISCOUNTED MAH...!

The presence of an activist investor, or a group of investors with deep pocket could use his/their own cash or carry out a risk arbitrage, if possible, to acquire 33% of the outstanding shares from the market and go for a conditional MGO. In this case Dato’ Sri Thong and PAC will have no choice but to make a higher counter offer. THIS THRU BUT THONG IS LIKELY HAVE CLOSE TO 50% FROM HIS NOMINEES AND BUSINESS ALLIES, RAIDER FORSEE IF THIS HAPPEN THE LIKELY ATTACK WILL COME FROM BJCORP OR TA BCOS THESE ARE THE COMPANIES THAT UNDERSTAND & ITS POTENTIAL MAH..!!

Insas could also carry out a restructuring exercise such as streamline low profitability business car rental (Close down 5 non-performing car rental branches, increase utilization of hourly rent Tribecar Pte.Ltd with target revenue growth RM 15 million to RM 21 million FY2019), or selling off its business with losse, luxurious goods segment and etc which are hampering the growth of the whole company. This will also act as a catalyst. With the proceeds of the sale of some of these under-performing assets, and concentrate in redistributing resources to grow it other associates companies DGSB, Numoni and Ho Hup. Better still with “Cash is king” opportunities will present itself for Insas to acquire some great companies with better growth and profitability prospect.
SELLING AND DISPOSAL UNDERPERFORMING AND LOSS MAKING ASSETS CAN TRIGGER STRONGER ROE AND POTENTIAL GROWTH THUS IMPROVING PROSPECT MAH..!!

An investor may be able to identify a potential catalyst that can unlock the value. But the timing is still not known. A typical horizon can be of two-three years, but can sometimes be as high as five years. Assuming an investor of Insas is very confident that the share price of Insas could rise to double from its price now of 77.5 cents to RM1.55 in the next few years due to its grossly undervaluation, if the holding period is one year, this will mean a 100% compounded annual growth rate (CAGR); for two years, it will mean 42% CAGR, 26% for three years, 19% for four years, and 15% for five years. These CAGR are considered as very good. As we know, Insas’s share price is even at a much higher discount than the 50% assumed, even a long holding period can still give decent returns. Note the above has not considered any new growth of the business of the Group. We know that its main contributor, Inari, does have some growth potential. AT THE MEANTIME WHILE U R WAITING, INSAS STILL PAYS U DIV 2 SEN AND U HAVE THE COMFORT THAT INSAS NTA ALREADY WORTH RM 2.54 AND IT HAS 10 YEARS OF UNBROKEN PROFIT RECORD LOH...!!
JUST TREAT YOUR INSAS A POTENTIAL SAFE FIXED DEPOSITS INVESTMENT LOH..!!

ONE THINGS IS FOR SURE, IF INSAS DECIDE TO DISPOSE INARI, INSAS SHARE PRICE WILL SHOOT ABOVE RM 1.00 BCOS THE INARI INVESTMENT IS WORTH MORE THAN THE WHOLE INSAS CAPITALIZATION MAH...!!
17/03/2019 11:13 AM
stockraider What gives comfort and holding power to the value investor is that he knows what he is waiting for and how long the wait might be.

There are more other potential catalysts—growth in earnings as business segments become increasing profitable, spin-offs, reorganizations, a new and good acquisition, big fair value gain on investment securities or simply a change in perception of investors, etc. Where there aren’t visible catalysts, activist investors sometimes get in and do the needful.

Note: The next catalyst time line:

http://www.insas.net/pdf/img-20181226.pdf
The Board has taken note of the shareholders’ comments and will look into formulating a formal dividend policy depending how market recovers in the next nine (9) months. The Company has via an announcement on 26 November 2018 increased the interim dividend payment from 1 sen to 2 sen in respect of the financial year ending 30 June 2019.

http://www.inariberhad.com/img/ir/8th%20AGM%20minutes%20(Key%20Matters...
Latest development of Plant 34 in Batu Kawan: Construction of Block A with a floor space of 240,000 sqft has been completed and we target to build in the facilities by Jan-March 2019. Production of a new product is expected to commence by second half of 2019.

Block A has been allocated to one of our current customers while Blocks B & C are targeted for new customers. We endeavour to diversify our customer base while still maintaining good relationship with our existing customers. There are potential customers for the remaining 2 blocks, however, we are qualifying customers to select those with good products margin in the niche segments.

Health sensor is mainly used in lifestyle apps and activity tracker devices such as wearables and smartphones. We are in the right technology area as there is growing demand for health conscious real-time monitoring devices. MiniLED is mainly used in billboard advertisement. Our MiniLED production has started in small scale and it is important project for our Company which aligns to digital and modern applications.

Focus on managing costs and margin, and the implementation of Industry 4.0 to acheive greater efficiencies towards lowering of the manufacturing costs.

https://klse.i3investor.com/servlets/stk/3379wb.jsp
INSAS-WB (3379WB); Maturity Date: Feb 25, 2020. Exercise Price: MYR 1.00. If Dato’ Sri Thong convert the INSAS-WB, he will need to make conditional MGO at price of RM 1.00 + INSAS-WB price on FEB 25 2020. If Dato’ Sri Thong do not convert INSAS-WB then it is free for all to gather 50% + 1 share and take over control of INSAS.
IN LIKELY SCENARIO EVEN IF THE WARRANT IS NOT EXCERCISE, THE MOTHER SHARE OF INSAS BCOS LESS MAN MORE SHARE OFTHE BUSINESS...AS INSAS EQUITY VALUE NOT DILUTED LOH. HOWEVER IN THE EVENT IT IS CONVERTED INSAS SHARE WILL RISE ABOVE RM 1.00 BCOS OF POTENTIAL GO AND BIG INFUSION OF CASH

http://www.insas.net/pdf/img-20181226-2.pdf
Numoni is a fintech startup. While it has not been able to gain traction in the e-payment industry, it continues to hold remittance licenses in Malaysia and Indonesia, as well as e-wallet license in Malaysia. Numoni is currently working on partnership or trade sale opportunities as the e-wallet businesses grow, at the same time continuing to develop its product platforms. We believe fintech continues to be important space for the Group to invest alongside its other Tech portfolio.
YES NUMONI COULD BE ANOTHER FUTURE INARI

ALSO DON FORGET INSAS MONEY LENDING, STOCK BROKING AND INVESTMENT BANKING ITS CORE BUSINESS ARE GOING EXTREMELY WELL.INSAS BUSINESS MODEL IS LIKE BERKSHIRE HATHWAY, READY TO POUNCE ON OPPORTUNITY MAH..!!
INSAS last 10 FY Summary: Net worth CAGR: 9.81%....AND DON FORGET INSAS NTA IS RM 2.54 PER SHARE MAH....!!

P/S: https://klse.i3investor.com/servlets/stk/fin/3379.jsp?type=last10fy
17/03/2019 11:13 AM
qqq3 Sslee > Mar 15, 2019 08:57 AM | Report Abuse

I admit I am a greenhorn in investing
=========

It shows......not only in your stock pickings and losses.....It shows in your comments about me, about KYY, about OTB, about every thing and every one involved in stock market. ....and including the functions of AGMs.

About KYY....he is not a slave of OTB......KYY is his own man.

About OTB, don't built a shrine to OTB, don't pay to do that. KYY do not do that.

About me and KYY....He is not a client....He is a friend I correspond with, nothing evil, nothing bad.

KYY is nothing if he is not his own man.


And I too.
17/03/2019 3:29 PM
qqq3 sslee

How was your ultimatum to KYY? Any results?

How is it working out?

need a psychiatrist?
17/03/2019 3:31 PM
stockraider qqq enough lah...enough lah of bickering with sslee and kc...move on lah......no need to complain n fight everyday mah...!!

STOP PERSONAL ATTACK MAH....!!
17/03/2019 3:33 PM
qqq3 stockraider > Mar 17, 2019 03:33 PM | Report Abuse

qqq enough lah...enough lah of bickering with sslee and kc...move on lah......no need to complain n fight everyday mah...!!

STOP PERSONAL ATTACK MAH....!!
=========

me? I am only doing what a normal human being would do ........
17/03/2019 3:44 PM
Sslee Dear all,
https://mydrmct.com/
MCTs are digested and absorbed immediately by the liver and made available to the body and brain as ketones, a superior and fast-acting brain fuel.

May be I need to take more MCT before I get very forgetful.
Can someone tell me what is this “How was your ultimatum to KYY? Any results? about”
What I can remember is I wrote an open letter criticize Mr. Koon and later I deleted the content and make an apology.
https://klse.i3investor.com/blogs/Sslee_blog/172039.jsp

Thank you
P/S: “If you expect nothing from somebody you are never disappointed.” “Blessed is he who expects nothing, for he shall never be disappointed.” “When you stop expecting people to be perfect, you can like them for who they are.”
For all the imperfection and flaws, I learn to accept all as there are except the evil and “batu api” one “You Know who”
17/03/2019 4:21 PM
Dickyyou If follow KYY Golden rule Inari a sell why Insas still good?
17/03/2019 4:40 PM
stockraider Answer ; In this investment world, do u think only kyy exist leh ??

Thats the reason why insas is still good loh....!!

Posted by Dickyyou > Mar 17, 2019 04:40 PM | Report Abuse

If follow KYY Golden rule Inari a sell why Insas still good?
17/03/2019 4:44 PM
Dickyyou KYY is richest man in i3. Must follow him if we want to be rich.
17/03/2019 5:17 PM


 

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