Post backdoor listing of M&A via SYF will enable M&A to raise its corporate profile, its future equity and debt funding requirements through the financial and capital market independently from Insas Group.
Hence post RTO Insas should have more than enough free cash to reward shareholders with better dividends.

RENOUNCEABLE RIGHTS ISSUE OF UP TO 132,604,152 NEW REDEEMABLE PREFERENCE SHARES ("RIGHTS RPS") IN INSAS TOGETHER WITH UP TO 331,510,380 FREE DETACHABLE WARRANTS ("WARRANTS") ON THE BASIS OF 2 RIGHTS RPS AND 5 WARRANTS FOR EVERY 10 EXISTING ORDINARY SHARES HELD BY THE ENTITLED SHAREHOLDERS, AT 5.00 P.M. ON 3 FEBRUARY 2021 AT AN ISSUE PRICE OF RM1.00 PER RIGHTS RPS ("RIGHTS ISSUE WITH WARRANTS")
Amount 2.0000 : 10.0000
Ex Date 02-Feb-2021
Entitlement Date 03-Feb-2021

Bob,
I listen to leno advise that above RI is to reward the shareholders so I subscribed to my entitlement plus 10% excess apication.

Later I sold all the Insas- WC and Insas-PB and bought Insas that result in me holding 2+ million Insas share.

Hahaha... Mikey. What I posted on Netx was still there. Don't be lazy and go and see for yourself what did I posted?

And you... twist and turn trying to get attention

And here you are chui Kong lam pa song

So, go ahead and enjoy you ka ki kong ka ki song moment. Wakaka!!!


Posted by Mikecyc > Apr 16, 2023 7:27 AM | Report Abuse
Haha Konartist Lee had record of own deleted own posts after being exposed telling Lies … a new trick ke after more than 2 years …hahaha

Hahaha... Mikey. What I posted on Netx was still there. Don't be lazy and go and see for yourself what did I posted?

And you... twist and turn trying to get attention

And here you are chui Kong lam pa song


Posted by Mikecyc > Apr 15, 2023 11:37 PM | Report Abuse

Haha I am posted in Netx that Kon stockraider n Conartist Callvin are playing wayang in Insas-WB forum for invested RM 5000 that is going to be expired ... then Konartist sslleee suddenly appeared … n as below posted :

Stock: [HENGYUAN]: HENGYUAN REFINING COMPANY BERHAD
1 day ago | Report Abuse
Why I called him konartist ? He is purposely appeared in Netx to reply my post to kon stockraider to bail him out on Insas-WB , then he said Raider Gain 1 Myvi in Netx RI , Raider said Gain 2 Myvi …both blowing bla bla bla then Klon the wayang skrip on Insas -WC .

https://tradingeconomics.com/commodity/natural-gas

Coastal already exist OSV businese by selling the OSV assets and now NG gas price has collapse what will happen to the Mexico JV gas business?
Is JV partner Alfair facing problems to complete the 50% equity acquisition? Is JV real?

In the past, Coastal Contracts was known as an offshore support vessel (OSV) fabricator, but lumpy earnings and the collapse of oil prices in 2014 have shown that the business model is no longer sustainable. Today, the group owns five OSVs and it hopes to exit this business, too.

In March this year, the group sold one of its OSVs and two other vessels for RM109.7 million. The disposal is especially important because the group would need to free up some cash flow to work on its projects in Mexico as it needs to fork out almost RM1 billion to finance the Papan project.

Go and see for yourself in Netx forum. Did I own any Insas-WB?

Hahaha... Mikey. What I posted on Netx was still there. Did I promote it with stockraider?

And you... twist and turn trying to get attention

And here you are chui Kong lam pa song

Hahaha... Mikey. What I posted on Netx was still there. Did I promote it with stockraider?

And you... twist and turn trying to get attention

And here you are chui Kong lam pa song

The gas- field belong to Pemex Exploracion and Produccion, which is a subsidiary of Petroleos Mexicanos (“Pemex”), Mexican state-owned petroleum company.

Nuvoil claim in their website:
Nuvoil operates the first processing plant of natural gas coming from Ixachi field in Veracruz Planta Perdiz (Perdiz Plant), which is designed, built and operated by Nuvoil, processes the gas coming from Ixachi, considered as the terrestrial field with more gas resources in Mexico.

So is Coastal current 100% subsidiary company, Coastoil Dynamic SA De CV (“CD”) or Nuvoil designed, built and operated this gas processing plant???

In January 2021, Pemex has awarded to a consortium associated with Nuvoil Group (“Nuvoil”) a contract to provide gas sweetening service for Pemex’s onshore gas operations (“Contract”). The scope of work under the Contract mainly comprises of engineering, procurement, construction, operation and maintenance for a gas sweetening plant in Ixachi Field, Veracruz. The tenure for the Contract shall be 32 months (excluding the plant construction period) with a maximum contract
value of approximately RM258.7 million subject to further extension in tenure. Subject to Pemex’s approval, contract value shall be increased should there be any further extension.

On 17 February 2021, the Company and its Mexican strategic business partner, Grupo Empresarial Alfair S.A.P.I. De C.V.("Alfair"), has entered into a Share Purchase Agreement ("SPA") to sell and transfer its 50% equity interest in its indirect wholly owned subsidiary, Coastoil Dynamic S.A. De C.V. (the Joint Venture Company or "JVC"), to its JV Partner, Alfair. On the samedate, a Shareholders Agreement ("SA") was entered among a wholly owned subsidiary of the Company, Coastal Marine Pte Ltd,Alfair and JVC to set out the rights and obligations of Coastal Marine Pte Ltd and Alfair (“JV Partners”) under the JVC. The SPA, SA and other executed related documents are collectively known as "Transaction Documents". Pursuant to the Transaction Documents, the JVC shall undertake an onshore gas sweetening plant project in Mexico for Petroleos Mexicanos ("Pemex"),
Mexican state-owned petroleum company. The completion of the Joint Venture is subject to the fulfilment and satisfaction of thecondition precedents stipulated in the Transaction Documents.

On 30 December 2021, the Joint Venture was completed as all the conditions precedents stipulated in the Transaction
Documents have been fulfilled. The Company is in the progress of selling its 50% equity interests in the JVC to Alfair ("Shares
Sale"), which would be delayed to second half of FY2023.

By the way try to google:
Grupo Empresarial Alfair S.A.P.I. De C.V.("Alfair") and see what you get?

Repost:
Posted by StingRay > Apr 14, 2023 5:23 PM | Report Abuse

As for Mikey, I will let him have his chui Kong lam pa song moment. Don't understand, ask any Hokkien people. He need it to sooth his bruise ego. wakaka

Stockraider,
When will all lady boss of bjcorp offer VGO for bjland?

Posted by Sslee > Apr 15, 2023 3:40 PM | Report Abuse X

Balance sheet:
31.12.2022: 30.06.2022
RM'000: RM'000
Investment in JV: 382,760: 95,595
Amt due from JV: 724,200: 650,548

So what kind of JV is this?

Most likely CharlesT is the most successful one among us. His timming in buying Topglov and Topglov warrant and sold its for a killing is what businese sense about.

I try to borrow a page from him and applied to HRC and HRC warrant when crack spread is on the raise (due to Russia-Ukraine war and sanction on Russia crude and refined products). But I picked the wrong refinery company who bought crude at very high premium to Brent while all korea refineries shareholders and workers laughing all the way to the bank.

https://klse.i3investor.com/blogs/Sslee_blog/2019-04-09-story-h1477298078-The_Words_of_Dr_Clark_Be_ambitious_for_the_attainment_of_all_that_a_man.jsp

The Words of Dr. Clark: “Be ambitious for the attainment of all that a man ought to be.”
Author: Sslee | Publish date: Tue, 9 Apr 2019, 9:00 AM

I have two sons and one daughter.
Thanks for asking.

Upon completion of the Shares Sale, the Company shall account 50% of the JVC’s results under equity accounting method.
In addition, the abovementioned Effect of the Shares Sale would be accounted for as a loss on disposal of effective interest in the
Joint Arrangement.

RM'000
Less: Effect of the Shares Sale: RM (127,670)

6 months ended 31.12.2022
RM '000
Interest received 61,424
Loan to joint venture (74,758)

Can you received interest from JV RM 61,424,000 and at the sametime loan RM 74,758,000 to JV?

Posted by StingRay > Apr 14, 2023 5:23 PM | Report Abuse

As for Mikey, I will let him have his chui Kong lam pa song moment. Don't understand, ask any Hokkien people. He need it to sooth his bruise ego. wakaka.

Posted by James_Bond > Apr 14, 2023 12:04 PM | Report Abuse
Bob once said Genting not worth the investment! Now Genting flying up high!
Sslee said PChem and Harta not good. I bought Harta and Pchem, going against him, at the end, I earn hugely!


The record show going against Sslee, at the end, earn hugely! So what are you still waiting for? ALL IN!

3iii,
Check what is coastal free cash flow before you say deeply undervalued.

Posted by James_Bond > Apr 14, 2023 11:36 AM | Report Abuse
I m sharing the insider news unselfishly. Buy or sell, your choice, no one force you here

Did James_Bond know what is insider trading?

So long as the person is held to possess material and non-public information of a company and that he knows that the information is not made public, that person can be regarded as an insider under Section 188(1) of the Capital Market and Services Act 2007 (“CMSA”).

Insider trading is an offence under the CMSA where the insider can be charged for a criminal offence and upon being convicted, the insider can be imprisoned up to 10 years or punished with a fine of not less than RM1 million. The insider can also be liable for civil remedies where the authority can recover three times of the amount of the profit or loss avoided or a fine of not more than RM1 million.

The question if the monk have NO CRAVING for aything then where he get the money to buy share?

So please you can tell any story you like but leave the monk alone.

No worries Bob,
Calvintaneng will be there ........hahaha

Since I am not attending. The below are somethings most likely I would like to present:

Warren Buffett is right in saying, “The first rule of an investment is don’t lose [money]. And the second rule of an investment is don’t forget the first rule. And that’s all the rules there are.”

Once you know how not to lose money then you are ready for next step TA with business sense:

Technical Analysis (TA)
Technical analysis is a trading discipline employed to evaluate investments and identify trading opportunities by analyzing statistical trends gathered from trading activities, such as price movement trade volume and focus on patterns of price movements, trading signals and various other analytical charting tools to evaluate a security's strength or weakness. Thus TA pattern is influence by Greed & Fear (Behavior pattern) and will be most effective if use together with FA Qualitative study of Economic condition and Industry condition that create greed and fear where people will panic buy or panic sell as no one will look at FA quantitative financial data

Fundamental analysis (FA)
Fundamental analysts study anything that can affect the stock's value, including macroeconomic factors (e.g. economy and industry conditions) and microeconomic factors (e.g. financial conditions and company management). The end goal of fundamental analysis is to produce a quantitative value (Intrinsic Value) that an investor can compare with a stock's current market price, thus indicating whether the stock is undervalued or overvalued. Fundamental analysis is a method of evaluating a stock in an attempt to assess its intrinsic value.

In summary Fundamental Analysis cover:

QUANTITATIVE
Financial data/ratio contain in current and past financial report.

QUALITIVE
Economy condition (Current and future)
Industry condition (Current and future)
Company management (Current and future)
Profit growth prospect (Current and future)

In short what many people term as Business Sense (BS) is actually the qualitative part of Fundamental Analysis. BS is subset of FA.


Fundamental stock selection: 6 criteria that complied with
Warren Buffett: “The first rule of an investment is don’t lose [money]. And the second rule of an investment is don’t forget the first rule


1. Debt to Equity Ratio < 0.5

2. Dividend yield > 3%

3. Current Ratio > 1.5

4. ROE > 10 (Buffet prefers higher, i use lower here since Bursa's ROE is not as high as US)

5. Must make consistant and continuous profits in the last 4 quarters.

6. Getting the Free Cash Flow is very important steps to ensure profit is real.

Dear Sam

Thank you very much for your invitation extended to me as a speaker at I3 Investment Summit 2023 on 20th May 2023. I am sorry to say I’m unable to attend the above event due to my busy work schedule at my Medan Indonesia worksite attending to customers' visits and scheduled audits.

Once again my many thanks and wish all a very successful I3 Investment Summit 2023.

By the way, I am eager to read all the speakers' key takeaways summary at I3 Investment website.

Thank you

Best Regards
Lee Soon Sheng

PS: I would be delighted if Philip (buy what you understand) will be one of the invited speakers.



Hi Lee Soon Sheng,

Thanks for writing to us and your wishes.

We wish you all the best in your career and hope we can meet up in our future events!

PS: Thanks for referring and who knows Phillip might be one of the speakers for this upcoming event?

Regards,
Sam
I3 LLC
30 Wall Street, 8th Floor, New York, NY 10005
website: www.i3investor.com

Good morning Philip,
Your advise well received with many thanks

Please put you money in bank and not to waste your time in stock market if you cannot take your own responsibility.

Grown-up kids.

Post removed.Why?

Repost my advise on CapitalA

My advise is sell and wait for Fernandes' to submit restructuring plan to stock market regulators in late April.

Stockraider know what is his risk buying 1 million Insas-WB at half a sen near WB maturity date and very fortunate for him after many days q sell at half a sen and finally managed to sell all just day away from expiration.

He should has sold at 1 and 1.5 sen early.

Number of shares issued : 663,020,762 (excluding 30,327,291 treasury shares)
So to be a 5% substantial shareholder need 33,252,000 shares.

Today:
Last Price Today's Change Day's Range Trading Volume
0.81 +0.03 (3.85%) 0.78 - 0.835 953,200

Market Cap: 562 Million
NOSH: 693 Million
Avg Volume (4 weeks): 152,100

If average 152,100 per trading day then need 13.145 days to clear 2 million shares.

And my advise on Insas.
Come back only on Feb 2026 to see what is Dato' Sri Thong next move.
Or when someone collect 5% and become substantial shareholder.

Meanwhile I can only ask for better dividend at every AGM or EGM

The Board takes note of your appeal and will seriously evaluate and consider the payment of interim dividend in this financial year ending 30 June 2023 after taking into consideration various factors including the general market conditions, the financial performance and financial position of Insas Group.

Repost my advise on CapitalA

My advise is sell and wait for Fernandes' to submit restructuring plan to stock market regulators in late April.

Typo error this year dividend collected is RM 89,670.00

head·hunt·er
/ˈhedˌ(h)ən(t)ər/
noun
a person who identifies and approaches suitable candidates employed elsewhere to fill business positions.
"a headhunter offering you a wonderful new position at a higher salary"

Last year my dividend income was RM 171,583.68 and this year already collected RM 89,670,000 dividend.
If I am not mistaken I make 250k+ on Insas-WC

Ya Philip was very panlai very smart to buy 30% TG inn his portfolio in 2019
But still, he made a lot of silly mistakes in 2020 n 2021 by not listening to my noble advice right?
13/04/2023 1:42 PM

Agree with CharlesT.

By the way I do get call from head hunter whether I am interest to join so and so company in Indonesia. I always thank them for calling me but I am very happy with my current company.

I had to admit I am an overpaid and valuable trusted worker. I pay RP billion in Indonesia Income tax.

If I am not mistaken Philip just recently retired from his full time job.
My boss never retired so is that mean Philip never start his own business? What a waste on his network of collaboration.

When I bought BMW 530e for my wife with cash and very soon IRD send me letter to fill in my assets. I had done so with a copy of my Indonesia tax return.

So remember always pay your tax.

Mental model 1 - How to build a network
At the beginning of my career, when I was invited for lunch by mr Kuok personally, we were happily having our meal and I was thinking that I was a brilliant up and coming corporate guy (working for a japanese company at the time in Singapore), I was thinking that I was very witty and funny and intelligent that kuok wanted to eat lunch with me instead of my boss

Mental model 2 - How to get married
It was simply the best meal I have ever had in my entire life.
Oh, did I mention also that there was 2 other people getting married at the same banquet hall that Mr Kuok prepared and paid the expenses for?

Mental model 3 - How to run your business
I was less than number 6 now. I gave a few viewpoints, which he then said, ok later we have lunch and discuss further. Boss was not invited, which was really problematic for me later on.

It was during lunch when I learned my next big mental model, I remember it very very clearly.

"Philip, the most important thing to learn in business is to know who you can trust. If you cannot trust the person, even if you can make hundreds of millions, it is not worth the trouble. And if you know you can trust them, even if they are more expensive, the benefit will make it worth doing."

Know what wrong with above Philip Mental model/business sense?
My company has a very clear policy never meet/do thing with business associate behind the boss back, never accept any gift from business associate and if you need to have dinner with business associate then you pay the dinner and not the business associate.

Funnily, I kept attacking Philip because I cared about Philip

Some facts and figures on Philip’ business sense.
Philip sold his in-law Public Bank shares and bought Pchem on 04/01/2019 1,495,200 shares at per share RM 8.18.
By the end of 2019 he is holding 2,463,000 shares at average per share RM 7.911 or per share ex dividend of RM 7.699

He sold TOPGLOV:
Date: Units: Price (RM)
23-Mar-2020: 120,000: 6.20
27-Apr-2020: 500,000: 7.32
12-May-2020: 500,000: 8.00
14-May-2020:400,000: 10.32
15-May-2020: 523,800: 10.20
And average down Pchem
02-Mar-2020: 580,000: 5.20
10-Mar-2020: 700,000: 4.35
20- Mar-2020 750,000: 4.09
12-May-2020: 400,000: 5.43
15-May-2020 500,000: 5.43
At 15-May-2020 he holds 6,343,200 shares at average cost per share RM 6,234 or ex dividend per share RM 6.114

stockraider U all must know mah!
Pchem is a cyclical stock....generally good performance cannot sustained loh!
07/03/2023 8:03 PM

He not even knew petrochemical has it boom/bust or up/down cycle and comment in Maybank forum:

Posted by Philip ( buy what you understand) > Feb 1, 2023 1:30 PM | Report Abuse
the funny thing if we think about it,

DPS | DY | Payout %
48.00 Cent | 5.75% | 48.61% - PCHEM
57.36 Cent | 6.56% | 85.10% - Maybank

MBB is giving out 85.1% of its profits and can only give 57.36 cents of profits to shareholders, while pchem only gives out half its profits at 48.6% and still pay out 48 cents, the difference is pchem is selling to the entire south east asia while mbb is only allowed to do business mainly in malaysia. Pchem can still grow much much more while pay out a good dividend with more money to spare for growth and is only 66 billion, which is a fraction of the value of its worldwide competitiors with incredible profit margins and lack of competitors. if korea can give 10 year bonuses to its refinery staff, how about pchem?

This was rebutted by:
Posted by prudentinvestor > Feb 1, 2023 3:59 PM | Report Abuse
Investors are giving Maybank a higher valuation than Petronas Chem for some reasons. Maybank's earnings over the past 12/13 years has been very consistent, averaging around 70 sen a share. Dividend per share has never dipped below 50 sen, averaging about 56 sen a share. PChem earned only 20 sen share in 2020 and 35 sen in 2019. Its eps exceeded 90 sen in 2021 and I expect it to exceed 90 sen again in 2022, all because of high oil prices. DPS for 2019 was 18 sen and for 2020 was 12 sen. Just can't compare with Maybank

Sources told The Edge that Capital A has called for an analyst briefing on April 27, a day prior to the current deadline, to give an update on the group’s development.

Capital A and AAX are working on their respective regularisation plans. Capital A's submission deadline is July 7.

Capital A fell into PN17 status on Jan 14, 2022, while AAX did so on Oct 27, 2021, after accumulating pandemic-led losses, which resulted in negative shareholders equity for both companies.


Stay tuned to what Stony will pull out from his magic hat on April 27 to get both CapitalA and AAX out of PN17.

I can only hope more investors will have the maturity of Windy1974.
But I am afraid this is a very tall order as kid will always behave like kid.

12. (i) Depreciation on right of use asset
Quarter ended 31/12/2022
RM million
Quarter ended 31/12/2021
RM million
Operating aircraft 220.0: 141.2
Non-operating aircraft 93.9: 246.6
Others 1.3: 18.4
315.2: 406.2
(ii) Finance costs - lease liabilities
Quarter ended 31/12/2022
RM million
Quarter ended 31/12/2021
RM million
Operating aircraft 168.0: 58.1
Non-operating aircraft 92.4: 98.7
260.4: 156.8

Yes CapitaA Lease is being handled well .
Quarter end 31/12/2022
Planes lease RM 315.2 million and finance costs on lease liabilities RM 260.4 million.
Total of RM 575.6 million per quarter.

No worries about stockraider. He will be back to buy Insas-WC at half a sen. Then he has to pray very hard at god of mercy temple for someone to buy back his WC at half sen before WC expired worthless.

Posted by Mikecyc > Apr 12, 2023 10:10 AM | Report Abuse
Haha on the Lease Liability n Maintenance Provision oredi debated

Mike do you mean below on lease liabilities?

Under a treaty known as the Cape Town Convention (CTC), of which Vietnam is a member, airlines are able to secure better financing rates in return for their nations making it easier for lessors to repossess jets in the case of missed payments.

The treaty allows for jets to be de-registered, or removed from the host country's airplane register, in the event of a lawful request from the lessor and placed on an international register, allowing the owner to fly the aircraft away.

@StartOfTheBull,
Mind telling us how much % you are in CapitalA?

Repost Windy1974 comment:

Mar 26, 2023 5:42 PM | Report Abuse

Hi SSlee. My guidance in spending and investments are based on %. I studied investment and financial planning in my 20s. As per financial planning, you could allocate maximum 10% of your investment in speculative stocks for higher than average gains. I knew this theory in my 20s but then it had always been 100% speculative stocks for me. I wanted fast money, can't wait. Well, my ending was obvious. Not only did i lost 100%, i was in debt of RM200k before i was 30 years old from contra loss.

That was then. As of now, my equities consist of 60% in REITs with an average yield of 6% nett. 30% cash (Since i believe market would go lower), and 10% in stocks i won't yet consider speculative (Even CapitalA).

You raised valid arguements, i didn't bother to look into it. And i won't insist that CapitalA would get out of PN17 unscathed. I bought CapitalA for few reasons below.
1. I have traded CapitalA or AA for at least 6-7 times to date without a loss. Holding time frame range from weeks to 1 year plus and minus. % gain from 2% to more than 100%. It seems to be my lucky counter.
2. I am prepared for a loss of 40%. As for gains, depends on how well the regularization is.
3. Short term, CapitalA's profit growth only gonna continue. (i paid double for my Dec 2022 and Dec 2023 Japan trip compared to before pandemic)
4. I like the fact that regularisation plan is months away. That's when volatility is high