KLSE: INSAS-PA (3379PA)       INSAS BHD MAIN : Finance
Last Price Today's Change   Day's Range   Trading Volume
0.99   -0.005 (0.50%)  0.99 - 0.99  10,700
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Avg Volume (4 weeks):12,410
4 Weeks Range:0.99 - 1.01
4 Weeks Price Volatility (%):
52 Weeks Range:0.95 - 1.03
52 Weeks Price Volatility (%):
Average Price Target:-


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Business Background

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Friendship Opportunity to make some good profit!

I know most people not so keen to look at longer term (3 to 5 years). Insas Preference shares is out today traded.

It has the following profile:

- Non-Convertible;
- Redeemable at RM1 after 5 years;
- Dividend of 4% payable every half-yearly;

The preference shares is offered at RM1.00 with 2 warrants attached for every preference shares purchased.

During the last 1-1/2 months, I have been asked about what will happen to the price of the preference shares as seemingly its 4% dividend is not attractive. I knew that it would have dropped below RM1.00. In fact, I thought that RM0.90 is a good price to even purchase for those whom would want to hold it longer for the dividends and lower entry price.

Today, upon opening it dropped to RM0.795 and as at this time of writing, it is at RM0.82. Just a note at RM0.82 and with brokerage fees paid, one's return is at 8.652% for 5 years (see below).

Purchased at RM0.82 with brokerage at 0.42%

Obviously, it is not too shabby at all, assuming we are confident that Insas can pay its dividends and repay the RM1 after 5 years. I am confident.

Think of it, if you are paying 5% for your housing loan or your car loan, do not be a smart-Alex to pay them off early.

Note: Anything that you do is at your own risk.

Just a note, at RM0.90, Insas-PA's return is at 6.43%. Well, if you look at it, is below what EPF gave last year!

If purchased at RM0.90

Posted by felicity at 2:04 AM
03/03/2015 4:14 PM
hoplanner This issue of Insas pa has unique feature like a double edged sword. You can own Insas mother shares by converting this PA, if it is trading below Insas price. On the other hand pa holders get to receive a half yrly dividend of 2% until 2020.
04/03/2015 11:39 PM
Koay Yi Chuan PA can't be converted.
05/03/2015 6:36 PM
hoplanner Yes, pls read the prospectus or the pa profile.
05/03/2015 7:08 PM
gweilo Yes PA can be used to convert a warrant at RM1 to a mother share with no cash outlay,
05/03/2015 10:27 PM
Tom should buy it earlier, aiyo~
06/03/2015 7:46 PM
文傑 1 pa+ 1Wa = 1 insas. Pls read.
07/03/2015 9:34 AM
spermwhale You are right man. PA will have a value close to 1 later as it can be purchase for conversion to mother share.
07/03/2015 10:04 AM
spermwhale No worry about PA. As they say life goes on. Nearing repayment time if the company have no cash , call for right issue as they did for mas rps which was sold at lowest 63 sen to a maturity of rm 1.
07/03/2015 10:11 AM
imoogi99 Datuk take some free cash by selling WB and buy PA. Good strategy.
07/03/2015 4:02 PM
Rica7894 Insas-PA 拥有以下优点:
-享有每年4%的利息回酬 = 4 sen per share 以 Rm1.00 发行价计算。
-五年后会被赎回。赎回价格为Rm1.00 (如果没有任何变卦)
-相等于五年内将会获取共 Rm0.20 的利息。

For example:本钱Insas-PA 股价(Rm0.88)

<五年回酬 (Rm)>
$$$$利息回酬$$$$ <Rm0.20> plus 资本增值$$$$ <Rm0.12>
五年总回酬 <Rm0.20> plus <Rm0.12> = Rm0.32 (36%), 平均每年回酬 7.2%.
注:$$$$资本增值$$$$为五年后,赎回价格为Rm1.00 所带来的潜在回酬。
10/03/2015 1:13 PM
wildkid anyone can give the link for this prospectus insas-pa? by the way, it's that still can enter with this price which already shoot for 70% since 30cents.
31/03/2015 8:11 AM
imoogi99 Insas-pa was never at 30sen. Shareholders of insas purchase it at RM1.00. If you buy now at 88sen , it will matured on 25 Feb 2020 and you get back RM1.00 on maturity. In between you get 4sen paid annually. So worth to buy??????.....you decide.

02/04/2015 12:21 PM
hoplanner Whent is the 1st interest payment due?
13/04/2015 10:28 PM
imoogi99 Pay 2 sen every 6mths....so 1st payment expected in August.
13/04/2015 10:54 PM
imoogi99 Interesting development here....how high can it go? Remember that you will get RM1 when it matured in 2020. In between you get 4%(4 sen) annually. On top of that you can surrender your PA+Insas-WB to get mother share in the future. So how high can it go?
14/04/2015 12:00 PM
imoogi99 http://www.bursamalaysia.com/market/listed-companies/company-announcements/1935281

2.3mil shares traded on the 14th purchase by the big boss.
16/04/2015 8:30 PM
Fat Cat Tim Buddy wa this pa march 3 only listed, but payment date on 30 Jun 2015? i thought it gonna be 6 month from march 3, like this also can ah?
so this year they gonna pay 4 cents? i dont care la as long as money masuk pocket kikikiki , if next year they redeem this pa back then it gonna be better kikikiki..

22/05/2015 11:44 PM
ccs999 Hi Fat Cat Tim Buddy, I tot this PA is giving 2cents each times, one year two times? So now they change to one year one time direct 4 cents or what? Thank you. Regards, Chua.
23/05/2015 5:48 AM
tomjohor Remarks :
In accordance with the Articles of Association of Insas Berhad, the RPS shall entitle the RPS shareholders to receive a cumulative preferential dividend of 4.0 sen per annum payable semi-annually in arrears. The first preferential dividend is pro-rated for the period from 26 February 2015 (date of issue) to 29 June 2015.
23/05/2015 7:41 AM
Fat Cat Tim Buddy they still giving 2 cents each time, just dat i thought the dividend payment date going to be 6 months from march 3 ( pa listed date )

but the latest announcement stated that the payment date is 30 Jun 2015, if so, then the second 2 cents dividend payment date going to be at 31 Dec 2015, which make the total dividend we going to received in 2015 = 4 cents.
23/05/2015 9:03 AM
logitrader http://www.klse.my/entitlement/116217.jsp
23/05/2015 12:39 PM
Fat Cat Tim Buddy wtf not 2 cents , it is only 1.3589 cents
30/06/2015 4:32 PM
Vizhai 2cents is before tax?
01/07/2015 3:57 PM
Yong Chian Haw does Insas-PA entitle for the 1sen interim dividend?
24/11/2016 10:50 AM
EngineeringProfit Come....come.....bullish counter
12/01/2018 5:14 PM
Yong Chian Haw cabut @ RM1.
26% of return including dividend^^
17/05/2019 11:53 AM


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