I buy when the majority are selling, I watch when the majority are buying, I sell when the majority are getting excited!
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2024-05-20 13:55 | Report Abuse
needs buying boost to take Insas to year high of RM1.35. Coming quarterly results would be good, no surprise at all but for price to rally you need real buying boost not left hand to right hand then right hand back to left hand. Sharks have other stocks to play.
2024-05-20 01:17 | Report Abuse
Posted by Thirai Thiraviam > 1 week ago | Report Abuse
JohnD0ugh, you say, or quote TTB saying, that “I expect the KLCI to rise to 2,500 to 3,000 over the next 3 – 5 years.” What is the basis for this increase? While KLCI is still undervalued based on PER, and reverting to the historical mean should push the index up, don't you think 60% — 100% increase is rather too optimistic?
Eh, @Thirai , you didn't know that John is TTB?
2024-05-18 11:04 | Report Abuse
It cannot be denied that Insas was extremely well in January where it outran almost everyone else except probably YTLPower, SBagan, Kuchai.
2024-05-18 11:01 | Report Abuse
It's very clear Insas share price is been suppressed. Left hand to right hand then right hand sells back lower to left hand.
2024-05-18 10:59 | Report Abuse
There's a reason for Insas price to stay sideways, have to accept this reason to understand.
2024-05-18 10:58 | Report Abuse
Plantation stocks drop in line with drop in CPO price. You need to monitor CPO price.
2024-05-18 10:57 | Report Abuse
@MrSslee, yes, many stocks have rallied high. Your OSK also.
2024-05-18 10:30 | Report Abuse
Several Insas promoters tried to stimulate Insas but Insas still cannot up. Leno so sexy also failed. Insas needs Viagra, lots of them.
2024-05-18 10:28 | Report Abuse
@xiaoeh, got other stocks can make more money. Insas is value trap. Whenever Insas rally it's a small window period of several weeks, after that it drops back like a penis after ejaculation. Insas needs a long foreplay to get the penis up again. 🤣
2024-05-18 10:22 | Report Abuse
KLSE CI closed at two year high of 1,616 points, Dow Jones Index closed at highest close above 40,000 points. Some of the local stocks are trending up closing at or near their one year high and other laggards will follow. As for Insas ....... can break RM1.10 or not?
2024-05-18 10:17 | Report Abuse
@MrSslee, Insas gave free "CNY ang pow" in year 2020 we retailers accept lah. But greatest beneficiary is Thong but doesn't matter, we ride along to make some gains (only if we later sell).
2024-05-18 10:15 | Report Abuse
@xiaoeh, if Insas price can drop below 95 sen, will probably buy but with the current bullish sentiment in KLSE I doubt Insas price will drop below RM1.
2024-05-18 09:56 | Report Abuse
Yesterday got so many brainless people sold Insas at RM1.05, hahaha 🤣
2024-05-18 09:39 | Report Abuse
Insas holding over RM1,000,000,000 cash hoard and hundreds of millions of Inari shares, if the market price doesn't go up by 1 sen a day it wouldn't reach RM1.80 within 75 trading days.
2024-05-18 09:17 | Report Abuse
If Insas goes to 50 sen, MrSslee will do take over lah. Thong will sell all to MrSslee. MrSslee will increase dividend payout to 15 sen annually.
2024-05-18 08:52 | Report Abuse
Subsequently selling some Insas shares at zero cost for RM1.34 per share means how many percentage gain? Please help me calculate.
2024-05-18 08:50 | Report Abuse
At that time during the RPS rights issue I sold my rights entitlements and used the proceeds to buy Insas shares. In theory, those Insas shares that I bought using the proceeds from the sale of my RPS rights entitlement have zero cost.
2024-05-18 08:35 | Report Abuse
Retailer were extremely happy with another round of RPS issue with even more free warrants attached as the warrants could be monetized. The RPS with warrants rights was traded beyond 30 sen per rights if I remember clearly, so retailers could sell their rights entitlement without having to fork out money to take up the RPS rights issue. Every retailer was happy with the "CNY ang pow".
2024-05-18 08:30 | Report Abuse
It is possible that in 2020 Thong failed to acquire sufficient amount of Insas-WB even when market price crashed to half sen in the final days as he needed 230 million warrants. Most retailers probably refused to sell at mere half sen. Exercise price of Insas-WB was at RM1. In the end Thong also gave up his Insas-WB and devised another plan with a new RPS issue with bigger amount of free warrants attached at lower exercise price of 90 sen.
2024-05-18 08:22 | Report Abuse
Insas RPS size is only RM132 million but the warrants issue size is 331 million. Why does Insas need to issue such huge warrant size when it only needs 150 million warrants to be exercised at 90 sen to fully settle the RPS.
2024-05-18 08:12 | Report Abuse
Insas cash pile has gotten huge and will only get bigger by selling more Inari shares over time. For Thong to get hold of ALL the cash he needs to first cross over the 50% shareholding and later privatize Insas. Thong at this moment also can't formally touch the cash hoard.
2024-05-18 08:09 | Report Abuse
Previous Insas warrant issue size was smaller, 265 million and Thong needed 230 million warrants to cross over the 50% line. Current Insas-WC issue size is 331 million and Thong and PAC already owns at least 115 million warrants.
2024-05-18 00:29 | Report Abuse
@MrSslee, I think you and me are the only ones really clear of the situation in Insas and why Insas remains a value trap until February 2026.
2024-05-17 17:35 | Report Abuse
Below 90 sen cannot cross 50% lah, where can sapu over 230 million shares below 90 sen? But can exercise 230 million warrants at 90 sen, warrant price fixed, cannot change one.
2024-05-17 10:38 | Report Abuse
Most important we must keep in mind is that only "buying" boost stock price and nothing else, a stock can sell at way below its cash backing and if there's no "buying" of the stock, the price of the stock stays down.
2024-05-17 10:35 | Report Abuse
It's very rare here in our local stock market for a stock to be able to keep going up indefinitely. The US stock market is different. There's endless money chasing stocks there.
2024-05-17 10:28 | Report Abuse
Thong will not get the chance to cross 50% cheaply at only 90 sen per share again and if he doesn't do it he is bodoh, hahaha.
2024-05-17 10:20 | Report Abuse
I am old also but I try to maximize my gains timing the market using a contrarian approach strategy.
2024-05-17 10:02 | Report Abuse
The cash hoard will just keep growing until after Thong crosses over the 50% shareholding line.
2024-05-17 09:46 | Report Abuse
@MrSslee, please be aware that at the current range of Insas price it's left hand buying, right hand selling, then right hand buying back.
2024-05-17 09:43 | Report Abuse
If I am aware of a stock that would likely to benefit from a future event, I will put it on my watchlist and when price eventually drops back after the excitement is over I will enter at the right price.
2024-05-17 09:35 | Report Abuse
If brainless people keep selling Insas at 1.05, how to reach 1.80?
2024-05-17 09:33 | Report Abuse
Already mid-May still no approval for Sarawak to buy Affin. Seems like hot air from Abang Jo.
2024-05-16 16:38 | Report Abuse
Which brainless person are selling Insas at 1.05? Insas has over RM1 billion cash, Insas has hundreds of millions of Inari shares, Insas has OCBC Bank, Insas has Gloves 😂
2024-05-16 13:32 | Report Abuse
Last week I grabbed some Mycron at 36.5 sen, this morning sold off this batch at 39.5 sen for some weekend pocket money.
2024-05-16 13:26 | Report Abuse
If a person trapped in Insas keeps buying to average down there might be opportunity loss buying other stocks.
2024-05-16 10:20 | Report Abuse
Dividend will be low until after Thong crosses over to more than 50% shareholding.
2024-05-15 17:59 | Report Abuse
As stated in the Circular, the completion of the Proposed Rights Issue will not give rise to any consequences of MGO. However, should the major shareholders or persons acting in concert (“PAC”) exercise their Warrants such that their shareholdings in Insas increase to more than 33%, they are obliged to undertake a MGO for all the remaining Insas shares not already held by them.
Under the Companies Act 2016, RPS can be redeemed out of 3 scenarios:- 1) Retained profit; 2) New issuance of shares; or 3) Capital of the company. It is likely that the Company will redeem this new RPS out of retained earnings. Presently the Group has retained earnings for more than RM750 million, the Board is comfortable that this will not affect the available retained earnings for distribution as dividends to shareholders.
Extracts of Minutes of the EGM held to approve the RPS of Insas on 23 December 2020.
2024-05-15 17:23 | Report Abuse
Despite the KLSE CI closing in the red, Insas has shown great resilience to close 1 sen up. If Insas closes 1 sen up everyday Insas will reach RM1.80 in 73 trading days.
2024-05-15 16:46 | Report Abuse
At RM3.25 with NTA in excess of RM10 I was paying 30 sen per ringgit when I bought SBagan in December 2023.
2024-05-15 16:43 | Report Abuse
In 4.5 months my SBagan went up from 3.25 to 6.47, that's 99% gain.
2024-05-15 15:31 | Report Abuse
If retailers flock to Inari to chase, Insas taukeh will sell down Inari.
2024-05-15 14:36 | Report Abuse
Insas had its day in January if you didn't know.
2024-05-15 11:53 | Report Abuse
Which brainless person are selling Insas at 1.05? Insas has over RM1 billion cash, Insas has hundreds of millions of Inari shares, Insas has OCBC Bank, Insas has Gloves 😂
2024-05-15 10:24 | Report Abuse
Posted by stockraider > 2024-01-28 11:22 | Report Abuse
Insas will beat Osk share price soon loh!
OSK now 1.63. Insas will beat OSK price soooooooon 😂
2024-05-15 10:01 | Report Abuse
Don't forget that Insas also has OCBC Bank.
Stock: [INSAS]: INSAS BHD
2024-05-20 16:55 | Report Abuse
@UncleFollower, i sold that little portion of Insas I bought at 1.03 at the same time as you for 1.11 today.