Imagine if Insas pay a yearly dividend of 10 sen. What will be Insas share price now?

A very good shareholder question during the AGM.
I like to comment endeavor to maintain a dividend range of 2.5% to 3.3% pa but surely as a financial savvy person this dividend should not be based on highly undervalue share price of 88 sen but should be based on Insas NTA of RM3.50 per share as a reference point.

If RM3.50 is a reference point, a FD rate of 3% pa, it will mean Insas should be paying dividend of 10 sen per share and not 2.5 sen.

i3lurker must be enjoying his long new year holiday oversea. So many people miss him in capA forum.

Who know maybe 2027 another RI RPS with free warrants

Ah Thong would not notice me. Someone must be a substantial shareholder 5% then everyone will take note.

I think my first encounter with Ah Tong is in 2018 AGM where I argue for hours with Ah Thong to give a better dividend to no avail. But I am suprise after AGM Ah Thong resign from the post of CEO and Dato' Wong take over the post of CEO.

I already give up on Insas when Insas annouce RI in 2021 RPS with free warrants. I thought another Xingquan cash rich but still cash call RI if not for leno telling me Insas reward the shareholders with RI.

So I fully subscribe my full entitlement with 10% excess application. True to leno saying insas share and wC suddenly shoot up and I sold all my RPS and WC to accumulate more Insas. The rest is history.

Last time the one retire in Perth half way plane make u turn due to technical problem.

This time I really hope someone is collecting to challenge controlling shareholder so that someone can finally retire happily in Perth.

It is also a FACT that leno had been shouting Insas canteeeeeeeeeeeeek.
Insas RM 3, 4, 5, 6 kambing kambing.
And I still waiting waiting and waiting

By the way holding Insas is save because of deep value and giving yearly dividend but holding WC once expired on 2026 out of money you are going to lose everything.

CharlesT
Thank you, I can only say everyone is learning something new every day.

Jayatiasa is now my second biggest holding in my portfolio. Hope next month jayatiasa will announce a good quarter and a dividend.

Insas stop buyback because share buy back will trigger Dato' Sri Thong and PAC holding 33% MGO.

However, Berkshire's third-quarter buybacks were significantly lower than other recent quarters. In the first quarter of 2023, Berkshire spent about $4.4 billion on buybacks, and in the second quarter, it spent another $1.4 billion. But in the third quarter, the buyback pace slowed even further to $1.1 billion. Since buybacks are generally indicative of management thinking the company's stock is attractive, is CEO Warren Buffett trying to signal something about Berkshire's current valuation?

Is Berkshire dumb to buybacks Berkshire shares?

If Insas value canot be unlock then most likely WC will expired out of money in 2026 as what happen to WB in 2020.

So invest in WC at your own risk.

Leno most likely already unload his Insas-WC. Will see whether he is still on top 30 Insas-WC shareholders list next year.

I don't mind holding Insas if Insas dividend can match bank FD rate because I know Insas is unreasonable undervalued and may be I fine day some shareholder activists will come in and unlock Insas value.

By the way most likely BOD is working hard on getting Dato' Sri Thong agreement for MGO waiver for Insas to do share buy back.

I can't say tambah as I am also selling to take profit.

Most likely next round TheContrarian and me will only senyap senyap tambah when we slowly for months accumulate from 75 sen to 85 sen.

And leno will come out shouting Insas canteeeeeeeek when Insas-WC break thro' 40 cents.

The story.
Insas is a well known value trapped.

The controlling shareholders Dato' Sri Thong and PAC together holding 32.96 % like to trap all the value inside Insas net worth with billion in cash, associate companies and liquid assets.

Insas need shareholder activist to unload the value inside Insas. As of when this shareholder/holders will come and unlock the value? No one know. Or can it be "ini kali lah"

Meanwhile smat investor TheContrarian love Insas for the below reason:
And me can only reasoning with BOD for a better dividend every year.

Posted by TheContrarian > Jan 16, 2024 11:43 PM | Report Abuse
Insas is a counter where we slowly for months accumulate from 75 sen to 85 sen and then wait and wait and wait and wait for the lovely days where price finally spikes above RM1.10 to start taking profits.

Stock [M&A]: M & A EQUITY HOLDINGS BERHAD
Announcement Date 05-Jul-2023
Reference No CS2-05072023-00007
Substantial Shareholder's Particular:
Name INSAS BERHAD
Details of Changes:
Currency -
Date of Change Type Number of Shares
30-Jun-2023 Acquired 10,502,200
Registered Name M & A Nominee (Asing) Sdn Bhd for Montego Assets Limited
Nature of Interest Indirect Interest
Nature of Interest Indirect Interest
Shares Ordinary Shares
Reason Acquisition of shares in the open market.
Total no of securities after change
Direct (units) 206,627,756
Direct (%) 50.49
Indirect (units) 0
Indirect (%) 10.34
Total (units) 1,215,718,665
Total (%) 60.83
Date of Notice 05-Jul-2023

Mike-tikus,
Can you please stop posting your cut and paste recycle misleading statements about Insas in Insas forum.

By the way do I need to repeat again the staff expenses increase is due to M&A securities increase business and thus increase incentive payment paid to brokers and remisiers.

Financial assets at fair value through profit orloss
Currency: USD Sing EU UKPound AUD HK others total
Equivalent MYR '000
23,175 102,361 151 769 10,469 37,315 7,520 181,760
Deposits with licensed banks and financial institutions
149,911 79,391 – 27,174 30,796 21,407 – 308,679
-
-
-
-
Net financial assets/(liabilities)
186,682 134,589 (7,753) 56,504 40,876 61,472 8,580 480,950

From INSAS Annual report:
FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSS
Group
2023 2022
RM’000 RM’000
Quoted securities, at market value
- in Malaysia 41,072 69,212
- outside Malaysia 181,760 180,158
222,832 249,370

The Group’s financial assets at fair value through profit or loss amounting to RM151,399,000 (2022: RM160,553,000) are pledged to certain licensed banks and financial institutions for banking facilities granted to the Group.

If Insas is serious about investment in Financial assets at fair value (quoted shares) then BOD should employed somone that is as capable as HEXZA to do the investment.

From HEXZA
At the Group level, dividend income of RM1.88 million was received from our investments in quoted and unquoted shares. The Group’s cash and cash equivalents amounted to RM69.72 million as at the end of the current financial year compared with RM80.15 million in FY2022. Investments in quoted shares as of 30 June 2023 were RM227.04 million, compared with RM117.95 million in FY2022. The Group’s investment in shares quoted in the United States and Malaysia recorded unrealised gains of113.8% and 2.9%, respectively during the year.

Material subsequent event
There are no material events subsequent to the end of period reported on to the date of this report which have not been reflected in the financial statements for the quarter ended 30 September 2023 except the following:
1) On 11 October 2023, the Company has disposed a total of 10,000 ordinary shares in NVIDIA for total cash consideration of RM21.81 million in open market on Nasdaq Stock Market. The gain on the disposal as compared to the average cost was RM17.85 million.

2) On 11 October 2023, the Company has acquired an aggregate of 185,000 ordinary shares of SYMBOTIC Inc (“Symbotic”) for a total gross cash consideration of RM36.72 million in open market on Nasdaq Stock Market.

3) As at 23 November 2023, the aggregate value of the investment portfolio was RM51.23 million higher as compared to the reported value as at 30 September 2023.

AAX owns 49% of Thai AirAsia X, both were bankruptcy companies due to covid 19.
AAX bulldoze thro' debts restructure of paying 0.5 sen for every dollar owed and then arm twisting Bursa SC to uplift AAX from PN17.

Meanwhile Thai AirAsia X go into business rehabilitation plan that begin a planned process of repaying debts and refund payments to passengers impacted by the inevitable cancellation of flights during the COVID-19 pandemic.

So do you think any bank dare to lend money to AAX and capA?

AAX do not has the money to acquire AirAsia (AAB) and AirAsia Aviation Group (AAAGL) from Capital A.
And I doubt is capA' Brand AA has the legal right to charge loyalty fees on AirAsia (AAB) and AirAsia Aviation Group (AAAGL)? Most likely Stony is just trying to pull a fast one/hoax from his magic hat.

BANGKOK, Today (1 September 2023) - The Central Bankruptcy Court has given approval to the business rehabilitation plan of Thai AirAsia X, which was revised in accordance with decisions made by a conference of creditors on 14 July 2023. Following this decision,Thai AirAsia X is now again ready to pursue continual growth. As part of its expansion plan, it will be adding aircraft to its fleet, opening new routes to increase cash flow and revenue, and efficiently managing capital.

Thai AirAsia X will thus begin a planned process of repaying debts and refund payments to passengers impacted by the inevitable cancellation of flights during the COVID-19 pandemic.

Posted by leno > Jan 17, 2024 3:22 PM | Report Abuse
Shoes company keep shoes as inventory
Steel company keep steel as inventory
Investment company keep what as inventory ?
CASH mar .... if no cash how to invest in tech companies in China ?
Use cow shit meh ?

MUAHAHAHAHAHAHHAH !!

Leno is right this is why Berkshire Hathaway hold so much cash and so is icapital.

Cash on Hand as of September 2023 : $157.24 B
According to Berkshire Hathaway 's latest financial reports the company has $157.24 B in cash and cash equivalents.

TheContrarian,
Will be a big CNY celebration for me with my mum, brothers, sister and their family and my family.

I actually flight back, undergo the covid 19 quarantine period and with my mum during her ICU hospitalization. My mum recovered and that year CNY I can't go back but my wife and my childrens are with my Mum in Alor Star celebrating CNY.

Posted by Mikecyc > Jan 17, 2024 5:13 PM | Report Abuse
Haha Konartist sslleee as posted earlier when you posted I oredi sold Jaks …
My In ratio > 40 :30 :30 , Out ratio > 30 : 30 : 40

Mike-tikus
Why you did not use your winning in-out ratio to protect your holding in capA but dumb dumb hold capA?

At my age, money is just a figure as I do not have much use for money unlike when I just start working or start my family, I need money to support my parent and family.

Mike-tikus,
Stockraider will come in and spend RM 5,000 buying 1 million of WC come year 2026 as what he had done with WB in 2020.

Most likely leno already unload all his WC and now hope to collect back again.

Mike-tikus already cut win your capA?

Thai AirAsia X bankruptcy proceedings to delay merger
By Andrew Curran
16JAN2024

Folding the AirAsia and AirAsia X brands into a single corporate entity may take several years to finalise, according to Tassapon Bijleveld, the executive chairman of Thai AirAsia (FD, Bangkok Don Mueang) and Thai AirAsia X (XJ, Bangkok Suvarnabhumi). He says the planned merger cannot close until Thai AirAsia X wraps up its rehabilitation process.

Last week, AirAsia X (AAX) told the Malaysian bourse that it had signed a non-binding letter of intent to acquire AirAsia (AAB) and AirAsia Aviation Group (AAAGL) from Capital A. AAX plans to merge the airlines operated by AAB and AAAGL into a single business.

AAB operates AirAsia (AK, Kuala Lumpur International) while AAAGL owns and operates AirAsia Cambodia, Indonesia AirAsia, AirAsia Philippines, and Thai AirAsia in conjunction with local partners.

However, the executive chairman of Thai AirAsia and Thai AirAsia X told The Nation newspaper late last week that those two entities may continue to operate under their present ownership structure until as far out as 2027.

"The merger of two airlines in Thailand may have to wait two to three years until Thai AirAsia X leaves the business rehabilitation plan, which should happen around late 2025,” Tassapon Bijleveld said. Thai AirAsia entered into bankruptcy protection in May 2022, at the time saying doing so would allow it to manage better debts incurred earlier in the pandemic.

AAX already owns 49% of Thai AirAsia X, with the remainder in the hands of Thai investors. However, the buyout would see AAAGL's 43% stake in Thai AirAsia go to AAX. External Thai-based investors also hold a 38% stake on Thai AirAsia, while the airline's board and management, including Bijleveld, hold the remaining 19%.

AirAsia founder and CEO of Capital A, Tony Fernandes, says the decision to divest its airline businesses "makes complete sense." Fernandes will retain significant direct and indirect stakes in the AirAsia carriers via his other investment vehicles. He is also optimistic the Thailand-based AirAsia brands have a big future. He wants to turn Bangkok into a hub for AirAsia operations into Europe. "We want to make Bangkok the next Dubai in terms of being a global aviation hub," he said last week.

Donald Trump is leading with 20 delegates

1.215 delegates needed to win the nomination · Updated at 00.56 WIB

Donald Trump
20 delegates

Ron DeSantis
9 delegates

Nikki Haley
8 delegates

Vivek Ramaswamy
3 delegates

Is that a crude joke that US going for another of Biden Vs Donald Trump US president election 2024?

The only hope for capA is a super rich white knight to save capA.

I think by now no bank will lend any money to capA or AAX.

night_shadow What people dont realize is now CapA has lower risk than AAX since all the risk related to airline business (ie fuel cost, lease fee) would be bare by AAX.

Will AAX BOD take the risk?

When a company is on the brink of insolvency, directors ought to consider different stakeholders such as shareholders, creditors, and employees during the exercise of interest balancing. The Companies Act 2016 (“CA 2016”) codifies a general duty on directors’ conduct of trading in a company close to the point of insolvency and any potential liabilities on that account. In broad terms, ‘insolvent trading’ may also be referred to as ‘wrongful trading’ and ‘fraudulent trading’.

Wrongful Trading
In the CA 2016, an offence of wrongful trading is captured in section 539(3) that:

“…an officer of the company who knowingly was a party to the contracting of a debt had, at the time the debt was contracted, no reasonable or probable ground of expectation, after taking into consideration the other liabilities, if any, of the company at the time, of the company being able to pay the debt, commits an offence…”

Fraudulent Trading
Whereas section 540(1) of the CA 2016 stipulates an offence of fraudulent trading as below:

“If it appears…that any business of the company has been carried on with intent to defraud the creditors of the company or creditors of any other person or for any fraudulent purpose, the Court may declare that any person who was knowingly a party to the carrying on of the business in that manner shall be personally responsible…”

If an offence under section 539(3) has been made out, offenders may be punishable with a maximum imprisonment of 5 years or a maximum fine of RM500,000, or both. Reading together with section 540 of the CA 2016, it is added that the offender may even bear personal liabilities for the payment of the whole or any part of the company’s debt without any limitation of liability upon a court’s declaration.

AAX will default on current liabilities if capA liabilities is transfered to AAX.
You need a white knight with deep pocket to save a PN 17 company. And AAX do not has any money.

AAX will be a scapegoat for Stony and all the AAX directors will commit an offend under companies ACT 2016 section 539 and 540.

Is IDQWE001 saying US is meddling in Taiwan President election?

Posted by IDQWE001 > Jan 17, 2024 12:36 PM | Report Abuse
US House passes finance bills bolstering Taiwan, squeezing mainland China ahead of island’s presidential election

Normally old man has the habit of counting how many FD and how much in the bank.

Posted by Jonathan39199 > Jan 17, 2024 12:49 AM | Report Abuse
Hi Soon Sheng, I read through your questions and the answers from the BOD. May I ask your insights to deal with the unwillingness of management to distribute sufficient dividends?

Posted by Sslee > Jan 17, 2024 8:36 AM | Report Abuse X
Leno who hold multi-million WC also do not want company distribute good dividend because dividend give out will dilute the net worth of WC.

The BOD is working hard to give a better dividend but the old man controlling shareholder Dato' Sri Thong object, may be he also see giving out dividend is reducing the net worth of Insas.

By next year BOD will not have any more excuse for not giving better dividend if we the minority shareholders keep pressuring BOD for better dividend.

Posted by Sslee > Jan 17, 2024 8:47 AM | Report Abuse X
Many people rebut me for asking a better dividend by quoting Berkshire Hathaway does not pay dividends to its investors. Instead, the company chooses to reinvest retained earnings into new projects, investments, and acquisitions.

They forget Insas just keep cash and poor return on cash keep in bank account. Only lately transfer cash in current account to FD to earn better interest income.

I would have accumulate KSL long ago if only the BOD give some dividend to shareholders.

Mike-tikus,
Just check my MAE.
INSAS RM 58,125.00
EWINT RM 3,000.00

Most likely Mabel after disposal of her free capA warrants, her holding cost of capA is zero.

So are insiders already know whether Bursa Sc reject or agree with conditions CapA latest request for extention in submitting PN17 regularisation plan to 31 June 2024?

With or without aviation and if capA fail to get capA shareholders equity above min RM 40 million and keep asking for extension in submitting PN17 regularisation plan then for sure one fine day Bursa SC will run out of patience with CapA and proceed to suspend and delist capA.

CapA' NUMBER DONT LIE..and it is horrible.

Net current liabialities increase from begining of year
Net current liabilities: RM (8,509,066,000) to as at 30/9/2023
Net current liabilities: RM (12,527,863,000)
Is that a good 9 months for capA?
Will capA not default on the current liabilities in the next 12 months?

As at 31/12/2022 Capital A
Current assets: RM 1,768,954,000
Current liabilities: RM 10,278,023,000
Net current liabilities: RM (8,509,066,000)
Shareholders’ equity RM (5,725,093,000)
Non-controlling interest: RM (3,791,865,000)
Total equity: RM (9,516,958,000)

As at 30/9/2023 Capital A
Current assets: RM 2,072,007,000
Current liabilities: RM 14,599,870,000
Net current liabilities: RM (12,527,863,000)
Shareholders’ equity RM (8,427,155,000)
Non-controlling interest: RM (2,101,925,000)
Total equity: RM (10,529,080,000)

Repost for you to ponder with leases payment of abt RM 700 million and increasing per quarter can capA make any meaningfull profit in 2024?

Quarter end 30/09/23: Cumulative 9 months
RM: RM
Depreciation on right of use assets: (444,404,000): (1,124,591,000)
Finance cost -lease liabilities: (251,274,000): (656,333,000)

CapA is now like a taxi driver, driving a rental car from a taxi company.
How many passengers a taxi driver must picked up to pay for the car rental before he can earned a living?

For capA even last quarter 89% load factor is still a loss making quarter.

By the way I bought WC just for the fun putting in real money to compete with your Jaks.

Yesterday morning I q sell from 0.45, 0.47. 0.49 but only done 0.45 and afternoon I q sell 0.43 but only done 4,000 units

Mike-tikus,
are you talking about this?
117259398 01/01/2024 Brought Forward 450,000 0.1597
117996497 16/01/2024 Sell 50,000 0.4500
118001189 16/01/2024 Sell 4,000 0.4300

Date Open Range Close Change Volume
16/01/2024 0.39 0.345 - 0.455 0.38 -0.015 (3.80%) 107,057,300
15/01/2024 0.21 0.21 - 0.415 0.395 +0.185 (88.10%) 157,753,400

Insas-WC last two day.
So what is Mike-tikus talk about?
Mikecyc Haha Difference of a day Insas WC volume changes : 450,000 to 396,000 …
17/01/2024 8:54 AM

Mike-tikus,
My last year dividend from Petronm:
4/7/2023 Petronm 63,250.00

By the way I already sold all my Petronm for some trading profit.

Many people rebut me for asking a better dividend by quoting Berkshire Hathaway does not pay dividends to its investors. Instead, the company chooses to reinvest retained earnings into new projects, investments, and acquisitions.

They forget Insas just keep cash and poor return on cash keep in bank account. Only lately transfer cash in current account to FD to earn better interest income.

Leno who hold multi-million WC also do not want company distribute good dividend because dividend give out will dilute the net worth of WC.

The BOD is working hard to give a better dividend but the old man controlling shareholder Dato' Sri Thong object, may be he also see giving out dividend is reducing the net worth of Insas.

By next year BOD will not have any more excuse for not giving better dividend if we the minority shareholders keep pressuring BOD for better dividend.

https://www.insas.net/ar-gm.html
Good morning Jonathan39199,
THE AGM key matter discussed and MSWG Q&A are in above Insas website link.

Posted by TheContrarian > Jan 16, 2024 11:43 PM | Report Abuse
Insas is a counter where we slowly for months accumulate from 75 sen to 85 sen and then wait and wait and wait and wait for the lovely days where price finally spikes above RM1.10 to start taking profits.

I learn from you instead of hold long long till it hit my TP 1.50 I sold some to take profit so that if it drop, I can buy back again.