🤦

Insas RM1.35 is probably more than 20 years high.

The Board of Directors of South Malaysia Industries Berhad (“Board”) wishes to announce that the Company has, on 20 August 2024, received a notice of unconditional mandatory take-over offer (“Notice”) from TA Securities Holdings Berhad, on behalf of the Offeror, to acquire the remaining ordinary shares in SMI (excluding treasury shares) not already held by the Offeror, the Ultimate Offeror and the PACs (as defined in the Notice) (“Offer Shares”) for a cash consideration of RM0.45 for each Offer Share.

One gloomy day Ah Thong will be making an Unconditional Mandatory General Offer for Insas at ...... at how much?

As provided for under subparagraph 2(f) of Schedule 3 of the Rules, the Special Resolution:- (i) must be approved by at least a majority in number of the disinterested shareholders of MPHB and 75% in value of the votes attached to the MPHB Shares held by the disinterested shareholders of MPHB that are cast either in person or by proxy at the EGM; and (ii) must not be voted against by more than 10% of the votes attached to the MPHB Shares held by disinterested shareholders of MPHB of the total voting shares of MPHB.

In Insas' case there are almost 22,000 shareholders (compared to only 10,000 in MPHBCap) and a SCR would be extremely difficult to succeed given that it requires 11,000 shareholders to vote YES.

In case none of you are aware, MrSslee was at one time one of the 30 largest shareholder of Insas until he sold off early this year a substantial amount for huge monetary gains.

Speaking of SBagan I have some shares, my cost around RM3.

Posted by TheContrarian > 6 days ago | Report Abuse

Posted by TheContrarian > 1 week ago | Report Abuse

Ended the day picking 9 cherries 🍒🍒🍒🍒🍒🍒🍒🍒🍒

Have sold 2 cherries 🍒🍒 🤑🤑

Sold another 2 🍒🍒 🤑🤑
5 cherries 🍒🍒🍒🍒🍒 left.

Why are you people interested in a stock that is spiraling down?

8 years ago when I first bought Insas at around 65 sen I believed I was buying a share of its promising business. After a while I realized it wasn't the case. I accepted that I was merely investing my money in an undervalued asset. I decided there must be an exit price. When the exit price is reached I must discipline myself to sell.

One cannot make money from the stock market by blinding following books or following Warren Buffett. Every stock is unique. If you take Insas' case everyone agrees it's one of the most, if not the most, undervalued stock in Bursa Malaysia. If you can understand (and accept) the reason behind it then you can make most from it.

Posted by Sslee > 2 hours ago | Report Abuse

2. HSBC NOMINEES (ASING) SDN BHD 36,953,650 5.26
Exempt An For Credit Suisse (SG BR-TST-Asing)
3. CITIGROUP NOMINEES (ASING) SDN BHD 35,962,967 5.12
Exempt An For OCBC Securities Private Limited (Client A/C-NR)

Are second and third substantial shareholders agreed to such deal?

Usually shareholders who hide behind foreign nominees are parties friendly to the controlling shareholders.

@Johnzhang, Mr Sslee has answered it very well.

@MrSslee, yes it's possible. Happens often. This is because controlling shareholders usually have friendly parties owning substantial amounts.

When you buy shares of a public listed company you are not buying a share of the business. You are merely investing your money.

I do that too when overall stock market is boring and have spare cash but never have to cut loss.

@MrSslee, a cat is going around repeating boh chow see.

Leno bought Insas-WC at 41 sen?!? 😱😱😱

WTF 2021 YTD and a Buy Call on Insas-WC

leno
Publish date: Sat, 27 Nov 2021, 11:15 AM
WTF 2021 Portfolio



YTD (up to 27 Nov) is a whopping 71.9%

This is based on closing price of Insas RM 1.03 and WC 42 sen



Meaning if my portfolio was

RM 465 K early this year

now it is worth RM 800 K



My Current Call to My-Self

is to BUY BIG on Insas-WC



My Last buy was yesterday 26 nov

Which I collected "a bit" at 41 sen

by swapping-off "a bit" of my Insas at RM 1.03



This is based on my calculation.

What calculation ? Don't ask.

If ask also I won't answer.

Hahahaha ..

As usual, nothing beats learning from a REAL life lesson.

@speakup, don't ask dumb question.

If you check the sell queue there are a lot of sellers.

EGM to be held on 6th September.

Posted by leno > 2024-02-26 09:16 | Report Abuse

Insas 1.18
WC 0.38

1 week after expire
WC 0.38 will become mother 1.18 automatically
= 210.5 % profit in 2 years !!

INSAS RM 60 RINGGIT is KAMBENGGGGGGGG AAAAAAAAAAAAAAA !!

Posted by TheContrarian > 1 week ago | Report Abuse

Ended the day picking 9 cherries 🍒🍒🍒🍒🍒🍒🍒🍒🍒

Have sold 2 cherries 🍒🍒 🤑🤑

🤦

Ah Thong also knows that. In 2017 Inari declared a bonus issue of 1 for 1, then 15 months later declared another bonus issue of 1 for 2. Inari share price flew. But Ah Thong wouldn't declare bonus issue for Insas because ....... we know the reason lah.

When a company declares a 3 for 4 bonus issue it means they want to push up the share price. Happens all the time.

I already mentioned the 3 for 4 bonus issue. How many stocks able to declare 3 for 4? If Insas declares 3 for 4 bonus issue, Insas will fly to RM2.

Leno stuck in Insas 15 years 6 months already. 🤣🤣🤣

You can check Engtex forum when I bought, how much I bought, when I sold, how much I sold. Engtex was an easy sure winner, bonus issue 3 for 4.

Leno sampan sunk in transit to Australia, now marooned in an unhabited island with no internet.

I hope you guys made lots of money in Engtex and Engtex-WB like I did.

Took some profits at 2.66.

After ex-bonus did Engtex hit 86 sen? 80 sen?

Insas at RM2 is realistic once Thong crosses 50%. The moment Thong announces MGO everyone should start buying.

60 sen kambing ?

Buying Insas-WC at 0.417 is the dumbest move. 🤣🤣🤣

We need to wait patiently until Ah Thong makes his move to cross 50%. After that Insas will fly for sure.

@speakup, don't ask dumb question.

Breaking news : Ah Tong has finally sold off all his Insas shares at RM1.02. He continues to hold Insas-WC which he bought at 0.417. Way back in January when Insas was RM1.20, Ah Tong said Insas was trading at a 73% discount. Cannot trust such people.

Tak ada orang lain ikut pun.

We make our own luck.

Siapa lagi ikut?

Siapa lagi ikut?

@MrSslee, there are still plenty of bargains.

Bought this morning at 87.5 sen.

Bought back at 0.69.

There's bloodbath everywhere but strangely not here.

Insas closes below satu ringgit for the first time since ....... since when, ah?

Bought at 67 sen.

Ended the day picking 9 cherries 🍒🍒🍒🍒🍒🍒🍒🍒🍒