Who would have thought that Globetronics would crash to 83 sen? Similarly Inari might one day crash to 83 sen.

Eight years ago Insas didn't have that much cold cash. The cash hoard is through selling Inari shares over the years. If Thong attempted to increase his shareholding it would be very costly to him. So he needed to come up with the RPS with Warrants plan to get Insas shares cheaply.

@MrSslee, investing in Insas is about timing. Patiently wait for the right time to enter.

Insas has one billion ringgit cold cash and Thong can count them everyday but he cannot take it out. The only way to take out the cash is to exercise his warrants and take his shareholding over 50% in one move. After that there will be potentially a minimum 35 sen special dividend. Insas share price gonna explode when that day comes.

If you want to trade Insas by buying at around 99 sen the near term upside potential is perhaps around 10 to 15% but your money will be stuck waiting for it to move and there will opportunity loss of perhaps making 30% on another stock.

Hahaha, I am a newbie investor who made four fold gain on Insas.

In the past 8 years I have enjoyed a financially well rewarded ride with Insas and I look forward to another ride.

If retailers keep buying Insas at current level they will not benefit when Thong execute his endgame plan. With technology stocks weaknesses there's opportunity for Thong to let Insas share price drift down to 90 sen level.

@MrSslee, Thong's endgame plan is on track. 17 months to go.

@Tatooine, Thong needed warrants to fend off hostile takeover. Without the warrants MrSslee would have attempted a hostile takeover. 😁

Once the margin call forced selling ceased PPHB price held up well.

As predicted Inari lau sai today and Insas closed below RM1.

Maybe no one will turn up at EGM.

@Joshua236, what have you been smoking? Pansar price is now at 56.5 sen.

Next is voting at EGM on Friday.

Nobody attended the forum meeting yesterday?

Now Dow Jones Index down > 400 points , Nasdaq Index down > 300 point , if tomorrow Inari lau sai, Insas probably drop below RM1.

How did the forum meeting go?

All of us must show our appreciation to Ah Thong for keeping Insas market price down so that we all could buy Insas cheaply.

QR out, nice.

Two days ago put buy order at RM2.56. Didn't realize my order was done until I checked my account today.

Confirmed margin call forced selling is over.

Margin call forced selling seems to be over.

Hahaha, that guy gone MIA.

QR out.

Bought at 83 sen this afternoon.

Bad QR.

Tomorrow Inari better bounce back, if not, Insas will drop like waterfall.

I remember not so long ago someone here asked if Inari goes to RM6 , how much will Insas be?

Leno stuck 15 years 6 months. 🤣🤣🤣

“There is no point in keeping it (KPS) listed. The company’s stock has underperformed for the longest time,” he explains.

The other source says he had heard that KPS’ privatisation was in the pipeline but did not know if CIMB had been given the mandate to handle the corporate exercise.

Market observers are not surprised that the exercise was being contemplated as KPS’ stock has long been undervalued.

This article first appeared in The Edge Malaysia Weekly on November 16, 2020 - November 22, 2020

SELANGOR state-controlled Kumpulan Perangsang Selangor Bhd (KPS) could be privatised in the near term, two separate sources who are familiar with the matter tell The Edge.

One source adds that Darul Ehsan Investment Group Bhd, KPS’ 57.88% shareholder, has appointed CIMB Investment Bank Bhd to handle the corporate exercise.

SCR at low offer price wouldn't be successful. Cheaper for Ah Thong to exercise his warrants at 90 sen to cross 50% shareholding first.

@Johnzhang, if you are in KL, there's no harm to attend to assess the situation.

QR out.

KLCI up 13 points, Insas down 3 sen. Why?

Managed to get at 85 sen.

@Johnzhang, in the coming forum the minorities can ascertain whether collectively they have sufficient votes to oppose the offer price.

It's not really difficult to be the 10% that often wins. Be a contrarian.

Due to margin call forced selling.

@SinGor, who are you having 🐎 race with?

🤦

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.