Anyway, Insas now very cheap, only 30 sen for a ringgit. Buy now and your 30 sen will turn into a ringgit, hahaha.

@Mr Sslee, I think under Law subsidiary of Insas can't finance purchase of shares in Insas, the holding company.

The 35 sen dividend of RM157 million will be earmarked to pay off the funding of RM157 million fully settling the funding, what force selling?

On 22 January this year Insas closed at its highest at 1.29, MPHBCap closed at 1.05. On 10 May Insas closed at 1.04, MPHBCap closed at 1.25. See the contrast. One went downhill the other went up.

So, don't sailang everything into Insas. Don't be like Leno.

Anyway, most people wouldn't be able to understand what I am saying. Insas now 30 sen for a ringgit, cheap sale, cheap sale.

Then this would be the ultimate end game for Insas, no chance to ever reach 60 ringgit or even 2 ringgit.

Thong thereafter will continue to suppress the market price of Insas and several years thereafter he could propose to privatize Insas via a Selective Capital Repayment at a low price since market price has always been low.

Thong doesn't need to worry of privatizing Insas, he merely takes it across the 50% line cheaply.

@Sslee, yes, he needs either local or foreign banks for financial support, funding and backing and to show it to Bursa in order to undertake MGO but at low price of 90 sen there will be no acceptance of the general offer.

This looks like the endgame to me, if I were Thong I would do this.

After crossing 50%, Thong and PAC will collectively hold around 448 million shares in the enlarged share capital of Insas of 893 million. Insas can then pay out a dividend of 35 sen and Thong and PAC will receive around RM157 million, just nice to pay off the funding.

For Thong to exercise 230 million warrants to cross 50% shareholding which will cost him RM207 million. He and PAC currently holds more than RM50 million preference shares in Insas, so he would need funding for RM157 million.

Way back in 2018 we already have been discussing on how deeply undervalued Insas was and today it is still is.

Must speak positively of Insas, so many people still trapped trying to get out. Hopefully Monday it goes limit up, hahaha.

However, Leno will continue to wait for 60 ringgit.

Ah Thong is a great man, he has been suppressing the price of Insas shares since 2011 to enable ikan bilis to buy cheaply, now you only pay 30 sen for a ringgit. One day the great Ah Thong will buy your Insas shares at a ringgit for a ringgit.

Kluang owns SBagan and SBagan owns Great Eastern, yesterday the share price flew high. I reveal to everyone now that Insas owns OCBC Bank and OCBC Bank owns Great Eastern, Insas gonaa fly on Monday, hahaha.

Mikecyc, why do you keep doing it at Sslee?

@Diamond7, I am sure you yourself have SBagan.

Mikecyc, insaf lah.

I want to disclose that I have SBagan and Kluang shares which I paid 30 sen for a ringgit now market price over 50 sen for a ringgit.

Who bought Insas yesterday? Don't be shy to tell.

30 sen for a ringgit, cheap sale, cheap sale.

@xiaoeh, must do own research lah.

@xiaoeh, Mr Sslee and me know how to dig.

OCBC in the news, they are offering to privatize Great Eastern.

2018-07-27 22:17



TheContrarian

Calvin, one thing I forgot to say is that Insas has shares in OCBC. How much is OCBC now?

2018-07-28 01:29



calvintaneng

Yes OCBC SPORE LAST TRADED AT S$11.66
About Rm35.00

For those who don't know, Insas owns shares in OCBC Bank.

Most probably SBagan will pay out special dividend after OCBC completes the takeover of Great Eastern.

Just checked : Kuchai holds 3.03 million and SBagan holds 1.73 million shares in Great Eastern.

Not selling my SBagan until RM10.

Not selling my Kluang until RM11.

Abang Jo wants to take control of Affin buying so little and paying so little.

TTB says within 3 to 5 years.

CNY over, Raya over, is Abang Jo waiting for Deepavali?

Print more money?

No bonus issue, no privatization.

When KLCI hits 2500 Insas will breach 6 ringgit.

US stock market is on the high side, funds there are moving away and coming to Asia which is relatively cheap. Malaysia stock market will benefit.

TTB and every "expert" were bullish way back in January. Foreign funds withdrew in March and April and only started to return again. Market this year will be better than last year for sure. There's a spike in new opening of trade accounts by retailers since January. This means old veterans like us can make some good money. But it will not be a super bull, there's never going to be one here again.

Bursa is a small pond, easier to play. We all small fish.

No, Tong bought back Maybank, bought into KSL, IOI Properties and CCK Consolidated.

Insas sinners, repent! And Insas will rise again. Cepat insaf, hahaha.

KLSE CI up 12 points due to foreign funds buying, Insas down 2 sen, why?

Everyone should insaf.

If you walk into Insas corporate office and tell them you want to surrender your Insas share to them, they will pay you RM3.30 for each Insas share. 🙂

Insas is so cheap, you are paying 30 sen for a ringgit, hahaha.

Reputed for his acute sense of market timing and stock selection, Pheim Malaysia executive chairman Tan Chong Koay has been referred to as 'Southeast Asia's Small-cap King' and the 'Warren Buffett of Asia'.

This is one person I look up to. The other is Neoh Soon Kean.

YTLPower spike due to infusion of foreign funds. It's a good spillover effect on the rest and will lift up other stocks.

Leno is an embarrassment.