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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2024-05-12 16:48 | Report Abuse
@xiaoeh, yes anytime until expiry in February 2026.
2024-05-12 16:21 | Report Abuse
Some people thinks like how Leno thinks holder of each warrant automatically become holder of one share. To exercise warrants you need to pay 90 sen into Insas. Insas will receive RM207 million from the exercise of 230 million warrants by Thong. Insas still no money to pay dividend?
2024-05-12 16:07 | Report Abuse
OMG, Insas can't afford to pay dividend. 😂
2024-05-12 14:39 | Report Abuse
Thong has planned very well to cross 50% shareholding by February 2026.
2024-05-12 14:37 | Report Abuse
Why is Thong not a director of Insas? A director would need to disclose any purchase or sale of shares or warrants. A substantial shareholder only needs to disclose any purchase or sale of shares but not warrants.
2024-05-12 14:29 | Report Abuse
The massive warrants in the market is a hindrance for Insas share price to go up and the massive warrants benefit only Thong.
2024-05-12 14:26 | Report Abuse
This is why you can buy Insas at 30 sen for a ringgit because your 30 sen will never become a ringgit.
2024-05-12 14:24 | Report Abuse
Thong's last chance to cross 50% shareholding at only 90 sen per shares is to exercise his warrants and additional warrants he can collect and he has until February 2026 to do so. There's not going to be another RPS with generous warrants again as there's no justification for Insas to raise funds again.
2024-05-12 14:18 | Report Abuse
@MrSslee, Insas Credit and Leasing can finance Insas associate companies but not Insas which is its holding company.
2024-05-12 13:32 | Report Abuse
Anyway, Insas now very cheap, only 30 sen for a ringgit. Buy now and your 30 sen will turn into a ringgit, hahaha.
2024-05-12 13:26 | Report Abuse
@Mr Sslee, I think under Law subsidiary of Insas can't finance purchase of shares in Insas, the holding company.
2024-05-12 13:20 | Report Abuse
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?
2024-05-12 00:32 | Report Abuse
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.
2024-05-11 19:45 | Report Abuse
So, don't sailang everything into Insas. Don't be like Leno.
2024-05-11 19:43 | Report Abuse
Anyway, most people wouldn't be able to understand what I am saying. Insas now 30 sen for a ringgit, cheap sale, cheap sale.
2024-05-11 19:41 | Report Abuse
Then this would be the ultimate end game for Insas, no chance to ever reach 60 ringgit or even 2 ringgit.
2024-05-11 19:39 | Report Abuse
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.
2024-05-11 19:36 | Report Abuse
Thong doesn't need to worry of privatizing Insas, he merely takes it across the 50% line cheaply.
2024-05-11 19:34 | Report Abuse
@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.
2024-05-11 19:28 | Report Abuse
This looks like the endgame to me, if I were Thong I would do this.
2024-05-11 19:26 | Report Abuse
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.
2024-05-11 19:16 | Report Abuse
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.
2024-05-11 18:18 | Report Abuse
Way back in 2018 we already have been discussing on how deeply undervalued Insas was and today it is still is.
2024-05-11 18:06 | Report Abuse
Must speak positively of Insas, so many people still trapped trying to get out. Hopefully Monday it goes limit up, hahaha.
2024-05-11 17:18 | Report Abuse
However, Leno will continue to wait for 60 ringgit.
2024-05-11 17:17 | Report Abuse
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.
2024-05-11 16:38 | Report Abuse
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.
2024-05-11 15:53 | Report Abuse
Mikecyc, why do you keep doing it at Sslee?
2024-05-11 15:49 | Report Abuse
@Diamond7, I am sure you yourself have SBagan.
2024-05-11 14:05 | Report Abuse
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.
2024-05-11 13:57 | Report Abuse
Who bought Insas yesterday? Don't be shy to tell.
2024-05-11 13:53 | Report Abuse
30 sen for a ringgit, cheap sale, cheap sale.
2024-05-10 17:07 | Report Abuse
OCBC in the news, they are offering to privatize Great Eastern.
2024-05-10 15:21 | Report Abuse
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.
2024-05-10 15:05 | Report Abuse
Most probably SBagan will pay out special dividend after OCBC completes the takeover of Great Eastern.
2024-05-10 14:52 | Report Abuse
Just checked : Kuchai holds 3.03 million and SBagan holds 1.73 million shares in Great Eastern.
2024-05-10 14:39 | Report Abuse
Not selling my SBagan until RM10.
2024-05-10 14:38 | Report Abuse
Not selling my Kluang until RM11.
2024-05-10 14:08 | Report Abuse
Abang Jo wants to take control of Affin buying so little and paying so little.
2024-05-09 17:15 | Report Abuse
CNY over, Raya over, is Abang Jo waiting for Deepavali?
2024-05-08 23:08 | Report Abuse
Print more money?
2024-05-08 17:51 | Report Abuse
No bonus issue, no privatization.
2024-05-08 12:53 | Report Abuse
When KLCI hits 2500 Insas will breach 6 ringgit.
2024-05-08 09:08 | Report Abuse
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.
Stock: [INSAS]: INSAS BHD
2024-05-12 17:46 | Report Abuse
OMG, Insas can't pay dividend. 😂