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12 comment(s). Last comment by Sslee at Dec 17, 2018 9:16 AM
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2358 posts

Posted by cheoky > Dec 16, 2018 9:33 AM | Report Abuse

Guess u should be a girl. A sexy girl cum private secretary is your best vocation. So particular n meticulous.

1955 posts

Posted by lizi > Dec 16, 2018 10:58 AM | Report Abuse

I can only say insas is not my cup of tea.

28351 posts

Posted by calvintaneng > Dec 16, 2018 11:36 AM | Report Abuse

Insas is undervalue gem

When time is ripe and Insiders have the bullets they will take Insas private just like Osk, Hwang, Kaf, Bj Cap and TA

So just take up position while cheap
And hold tight

1167 posts

Posted by G00Shen > Dec 16, 2018 4:43 PM | Report Abuse

eat shit lar Calvin. no such thing as undervalued gem.

5355 posts

Posted by TheContrarian > Dec 16, 2018 7:10 PM | Report Abuse

Mr Sslee, I was joking. There's a hahahahahahahaha at the end of my comment.

5355 posts

Posted by TheContrarian > Dec 16, 2018 7:14 PM | Report Abuse

DS Thong won't attempt take Insas private. We need a private equity fund to launch a hostile takeover.

1658 posts

Posted by Sslee > Dec 16, 2018 8:49 PM | Report Abuse

Dear TheContrarian,
Know that you are joking. “hahahahahahahaha”. Just use your comment as a teaching material on the best way to counter naysayers is by reverse psychology.
I think good things are coming to INSAS just need a little bit patience. I am grateful to receive the dividend and my yearend bonus soon any good share you bought lately.

Wishing you a hohohohohohohoho Holly Jolly Christmas and Happy New Year.

Thank you

1662 posts

Posted by Flintstones > Dec 16, 2018 8:51 PM | Report Abuse

Insas is a value trap. I need to repeat this every year on i3.

5355 posts

Posted by TheContrarian > Dec 16, 2018 10:40 PM | Report Abuse

Merry Christmas to you too Mr Sslee, only a hostile takeover attempt can move the price of Insas.

636 posts

Posted by newbie4444 > Dec 17, 2018 4:28 AM | Report Abuse

No wonder drop from RM 1 and Thong Kok Khee need to resign.

Posted by Flintstones > Dec 16, 2018 08:51 PM | Report Abuse
Insas is a value trap. I need to repeat this every year on i3.

1460 posts

Posted by smalltimer > Dec 17, 2018 7:41 AM | Report Abuse

Why sell land for mere rm100k profit?

1658 posts

Posted by Sslee > Dec 17, 2018 9:16 AM | Report Abuse

Dear all,
Filmont Holdings Sdn Bhd (“Filmont”or “Vendor”), an indirect wholly-owned subsidiary of Insas, had on 7December2018 entered into a Sale and Purchase Agreement (“SPA”) with Satin Magic Sdn Bhd (“Satin Magic”or “Purchaser”)for the disposal of a parcel of vacant freehold residential land measuring approximately 24,380 square feet and held under Geran No.: 43962, Lot No.: 51979,Mukim Kuala Lumpur, Daerah Kuala Lumpur, Negeri Wilayah Persekutuan Kuala Lumpur(“Land”)for a total consideration of RM14,871,800 or RM610 per square foot (“Disposal”)

The Land was acquired by Filmont in May 2004 and the original cost of acquisition is RM5,276,000 or RM216 per square foot.The net book value of the Land based on the latest audited financial statement as at 30 June 2018 is RM14.3 million, and the land is currently free from encumbrances.The market value as appraised by Khong & Jaafar Sdn Bhd, an independent professional valuer using the Comparison Approach to Value method of valuation based on its valuation report dated 9 November 2018 is RM14.3 million or RM586 per square foot. The Disposal is expected to give rise to a small gain of RM0.1 million only for the financial year ending 30 June 2019 after adjusting for relevant expenses and taxes, as all changes in the fair value of the Land since its acquisition in 2004 amounting to approximately RM9.0 million have been included in the statements of profit or loss in the previous financial years.

The Purchaser is desirous of purchasing the Land and developing the same together with several of the adjoining lots into a condominium development subject to the approval of the relevant authorities (“Development”)
The Disposal is part of the Group’s asset rationalisation exercise to unlock and realise the increase in the value of its landed assets. The Sale Consideration of RM14,871,800 represents an appreciation of more than 180% in value since the Land was acquired in 2004.The Disposal would also enable Filmont to participate in the future upside of the viable property development project in Bukit Damansara, Kuala Lumpur by virtue of its 13.0% equity interest in Satin Magic
Thank you

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