Dear all,
I refer to some comments in INSAS forum:
Posted by i3lurker dated: 12/12/2018 15:54. together we can short this down to 50 sen to help sslee buy cheap.
all must help sslee
SELL
Posted by anticonman dated: 15/12/2018 17:38. 4% is FD rate. Why buy now? Should sell instead.
Posted by kevin5059 > Nov 27, 2018 10:30 AM | Report Abuse
pull the share price to 50sen, then 2cents dividend will become 4% annually. Everyone happy?? haha.
Posted by beso dated: 15/12/2018 17:41. tell you the true, insas is not a hidden gem now & will never be in future as well, that's why i sold off all at 1.02
50 sen days may be numbered
Posted by I_like_dividend dated: 15/12/2018 17:47. Insas is not consumer stock. You dare to trade shares if everyday see your shares drop?
Posted by newbie4444 dated: 15/12/2018 18:23. sifus Inari shares down 60 sen in 2.5 months possible for Insas to report loss?
Posted by TheContrarian dated: 15/12/2018 20:04. Insas will report 60 sen loss and then there will be a capital reduction. Hahahahahahahaha.
Let’s look into INSAS FY2018 financial report
At 30th June 2018 INSAS NTA RM 2.49 and refer page 107: ASSOCIATE COMPANIES (Inari, Ho Hup, Melium, Winfields and other) book value RM 357,628,000 and market value of Associate companies quoted in Malaysia alone is RM 1,376,569,000.
Thank you
P/S: I met with the newly appointed CEO Dato’ Wong personally in his office and I trust him.
Chart | Stock Name | Last | Change | Volume |
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Created by Sslee | Sep 09, 2023
Created by Sslee | Aug 31, 2023
Created by Sslee | Jun 13, 2023
Created by Sslee | Jun 11, 2023
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
2018-12-16 11:36
Mr Sslee, I was joking. There's a hahahahahahahaha at the end of my comment.
2018-12-16 19:10
DS Thong won't attempt take Insas private. We need a private equity fund to launch a hostile takeover.
2018-12-16 19:14
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
2018-12-16 20:49
Merry Christmas to you too Mr Sslee, only a hostile takeover attempt can move the price of Insas.
2018-12-16 22:40
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.
2018-12-17 04:28
Dear all,
The RELATED PARTY TRANSACTION
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
2018-12-17 09:16
cheoky
Guess u should be a girl. A sexy girl cum private secretary is your best vocation. So particular n meticulous.
2018-12-16 09:33