Whatever analysis is useless now. Money are scarce.
US and China (may be europe, korea, bitcoin and etc also) are fighting for it.

Money won't flow in mean only left all ikan bilis eating eat other.

See Vincent Tan stock, got sultan support and CEO buy back, still can't go up. It is already confirmed sign of money run out. Left ringgit fellow eat ringgit fellow.

went to US.... if listen to me... LOL ...

sound good, but too risky to join. Ringgit is high and election coming. Could double whack down.

Having said that, i think profit sharing will come again, if share price drop enough. Wait for that. And then we go in to earn the profit for few years, till dato thong become selfish again.

I believe invest is about profit sharing. Insas have bad record of profit sharing, except during the bad time.

During bad time, Insas start to share the profit and that attract investor. This reduce his family risk.
But once Insas share price up, Dato Thong start to milk on investor. Issue RSP and warrrants.

Since then, he paid more interest to RSP (which he subscribe around 50%) and also holding the option to dilute the share in 2020. In lay man term, he is taking salary from the company, and also earning safe money from RSP interest. On top of that, in 2020, if shareholder are stupid enough to push price above 1 dollar, he will exercise the warrant and own bigger share of the company, milk the shareholder another round.

These are bad thing for investor.

Some people think he is warrant buffet style, but in fact, i think he is more like Li Kasheng style. Milk his own people money till everyone poor but himself so rich that he can privatize the company again.

@ uptrending, i don't know. But just glance at the nature, revenue, profit, capital, i would skip it.

It is for those who are brave or know something inside.

Since it is growth stock, price will go up and down very fast depending on the weather.

Careful on Inari though. Early this week all chips stock go down, especially Taiwan/Korea because of Morgan Stanley weekend's report.

Yesterday, all tech stock start to go back down in US.

It will spread. Probably antitrust, fine and many other control will come in to limit the tech companies.

Inari is just a subcon, will get squeeze out of profit first.

Weird.. I thought yesterday up is to window dressing for month end.

But today down with no volume.

It is month end. Seem like stage and exit executed.

Never trust someone who trade for profit. It is zero sum game if just trade shorterm.

LOL

someone stage it to exit. Last minutes buy a bit to move it back to neutral.

Don't do what Dato thong said, do what he did.

He sold warrant. If intrinsic value 3, why he sell warrant. Warrant should at least RM2.6 if he really think share should go RM3.

Let's see. I like to observe and learn what traders did. Got to learn from each instance.

"easy manipulated" , just 1M-2M ringgit u can move the needle of this stock a lot.
Trader pick no volume season (recent only 600k daily volume) to manipulate.

But this setup is more like to exit. Not setup for longer term play.

LOL leno... I already at rocket.

if i sit on your plane, i will have less money now. 1.02 vs 0.93.
Not to mention the opportunity cost of wasting the time at the best profit season.

@goodguess

INSAS is a low volume "old" counter. Out of 663M shares, i guess only less than 5% active in market. So, it is easy to manipulate.

I don't trade, so i only buy and keep and hope for dividend and book value gain. It doesn't make sense for me to pay broker few thousands just to gain few cents profits with risk. 1 year steady 10% is my target. Anything better is just bonus.

Leno said she bought a lot, like millions. And i suspect she is trader type. Buy up and sell down frequently. Keep making small money of cents. So, must leave before she leave. That is simple logic. As long as insas is volatile, she probably will remain here. Once stable, she will hoop to another train.

Also, election is coming, i don't like to take risk at Malaysia.

US on the other hand have so much to gain. Since i sell INSAS, last month i made 50k USD from US market. I don't take leverage at all. Just play safe.

I still keep the share in USD and pray everyday for the tax bill passed. That will surely screw most market and boost US market. Imagine all company which earn money have extra gain in profit due to tax reduction. And company with lot of cash outside move money to US.

Also, US accounting rules have some change. Some recognition of revenue and profit will be different starting 2018 Jan. I go this info from Berkshire Hathaway financial statement. I read every words. It is inside.

All in all, there are better place for investment. Insas have multiple risks but limited profit. What if it can go to 1.27, does it worth the risk holding it through the coming elections?

also Leno...

i bought earlier.. i sell in 2014 if i remember correctly, the year they declare RSP. That time is a buy because of share buyback and dividend. Then 1.27 sell because INSAS declare RSP and warrant. After that, i buy again 0.655 and 0.71 because i thought Dato going to pay dividend again. 3or 4% treasury stock holding. I wish he declare to give that out as dividend.

Too bad... seem like not likely and i don't want to risk with Najib.

INSAS is one of the stock i made record profits 200%. Which i still not able to beat that from any single stock until now. I will continue follow insas. Hopefully the chance for 200% or 300% will occur in future. And hopefully that time no one shout cantekkkkk... My best guess is 2020. That warrant will break it or make it.

Still remember wawasan 2020? LOL. U trust that pig also up tree.

LOL.. u bought heavily insas.... u earn ur money.
I bought heavily berkshire, i earn my money.

U keep shouting CANTEKKK... that is one of the reason i dump insas @ 1.02.

LOL, leno best accountant here.

profit -33%. Profit of 5 cents is not bad, but will not be considered good because of 2017 Q1 9sen profits.

That high profit of 2017 mostly because of fair value adjustment. Fair value adjustment of insas will gain when broad market good. But when stagnant or going down, the contribution will be insignificant.

Also, dato is smart. Why sell Inari share to less than 20%. Because he want to lock in the fair value of high inari price in book, and in future, he might not need to have adjustment loss on the book anymore. I'm not accountant, i just roughly know some countries law require that some doesn't.

Couple with the facts of Dato selling warrant, it is pretty clear he saw the direction of market moving forwards.

Good thing about this quarter is that. Seem like cash from operating is getting better and Insas start to reduce debt. Another sign of interest hike. Cost of borrowing will continue to go up, just like junk bond interest.

I will continue monitor, as i find it fun to be able to use simple math to calculate and try to check my prediction vs actual.

Also, i did said to Leno before. If people like Leno start to appear in a stock, it could be a sign to sell the stock. Why, i don't know? I guess may be is my gut feeling is that if a stock are majorly own by aunty, uncle, then may be not a good time to own anymore. They interpret stuff differently. They will have their own market.

Those seriously want to buy good share like berkshire, really should just go buy Berkshire Hathaway. Next year will fly. Why? because of US accounting rules change. I predict there will be huge stream of previously "unrecognized" profit lock into the book. Warren are smart. He would avoid locking unnecessarily profits if he did not need to. Not to forget Donald Trump tax bill will cut the tax by so much.

Nothing new on the plate anymore. General election will steal the spot light and impact the bursa.

Good luck.

Dont average at this time if you already own. Result good, then you will gain back.

Result not good, then u consider want avg down or not. But avg down is not a good move. Must study what cause the mistake.

The financial statements are clear.
IT section gain 78M profits. But biggest sector investment holding and trading -50M.

Keep talking about the INARI worth how much, but that is only part of the INSAS, worth 356M. Investment holding is the one nearly 800M asset and 350M liability.

So, if investment like Bursa keep going down all the way till election, then INSAS will be negative all the ways. INSAS can cash out INARI to fill that hole, but for how long?

lol... follow leno go holland. Don't catch the falling knife. The knife could be sold by leno. She hold a lot so she need someone to buy.

Months ago, fund leaves Bursa Malaysia is a facts. That's why all US stock go up like nobody business. While US, western countries and China tightening and fighting for fund (reduce money), Malaysia still have a good budget for election from Najib.

Even najib himself go US buy boeing, push the boeing share up so much.

LOL, last time INSAS totally owned INARI but no one know. Now got people come out brag about the 20% or 30% of INARI. INSAS already start to cash out on INARI. Cash out is not good because soon, the revenue from INARI will no longer on the book of INSAS.

Overprice or undervalue is relative number. If base on book value, INSAS always within the band of 0.25 to 0.65. The best is when book value around 1.8 and price 1.2. That occurs because Dato did share buyback and give lot of dividend. One time, it give 4 or 5%of share it bought back as dividend. After that, it start to issue RSP and warrants and dividend and share price kept going down.

I think pressure on this stock is growing. Mainly
1) this quarter result have a uphill battle. Last year this Quarter result is too good. Hence, how to beat that? That is what i want to see.

2) Timing and hype from election boost already faded. Now, people talk about risk and possibilities of opposition won.

3) If you study INSAS report annually, INSAS don't have much new source of revenue. Hence, there is no source of cashflow unless INSAS sell assets or shares. These are good when broadmarket good. But if bad, expect huge damage due to fairvalue adjustment.

Time will tell. This week will be a interesting one.

And got good dividend as well and lot of share buyback from Dato Thong.

lol... don't listen. In time of uncertainty. Net cash in USD is always right. Last time crashed, i bought insas 0.41. So happy.

MARKET bad is because more and more people notice the junk bond rate up (many sell and risk appetite going down). Another indicator is that long term debt rate and short term debt rate is closing. Last time this happen is 2007 right before the market crashed.

@kevin5059, yes you're right. That is the reason i'm saying Leno asking people sell now. Sell into high... Not embrace for no future stock. Also, Dato Thong selling warrant also might be an indicator in 2020 the warrant will not be exercised. That mean, share of insas, most likely not going above 1 dollar in 2020.

No matter how to interpret. it is not a good sign in short term. Hopefully the coming result could save it.

LOL, if PR won, first thing happened is Ringgit laosai. What u said is like asking people sell now. Insas next year result will be very bad.

Let's see this year result. Should be this week.

QE reduction already started in Oct. China and US is in war for bond. Interest rate is destined to go up very soon. Last few day junk bond interest rate spike. Appetite for risk is going down. If INSAS didn't realize the paper gain last quarter (which is reflected in coming earning in this month), it is very well lost the opportunity. In the world of expensive money, more and more company will get into trouble. Hence sentiment will go down, except for bank stock.

Trade with care in this type of season... Good luck. I'm waiting for coming result. I didn't hold anything but i always track back to see if my prediction is right.

As i mentioned few month backs, this coming earning would be critical. Last year EPS for Nov result is 0.09 sens. That is a good result which INSAS need to sell a lot of shares. Since it is a high base standard, it is not easy for INSAS to achieve similar earning again. Looking forward for this month end.

Don't forget about coming elections and year end effects. Foreign have been net selling for 5-6 consecutives weeks in bursa.

Well, i can't agree on the 2/5 dilution is small. Many company just constantly buy back a little bit of share, then price up. But if look at the number, those are just a fraction, many times, less than 5% even if accumulated for few years. How is 2/5 dilution small thing? At least i definitely won't risk owning something that for sure will dilute 2/5.

I just raise my point which i hope someone will question Datok Thong in AGM. If not, i think it is better to wait 2020 and buy the share after dilution effects come in.

I believe the stock price is capped due to the posibility of dillution effect. Or else, nothing can explain why a stock can have 30sen earning while stock traded at less than RM1.

I do suggest shareholder must raise these tough question at AGM.

What Dr Thong did is to enrich himself. For example, he is willing pay a lot interest to the Redeemable preference shares because 42% owned by him. Why would he chose to pay dividend to shareholder, which he own 24% only.

Also, he got 31% warrants. So, by 2020, he probably dilute all other shareholders by exercising them with the money and interest from Redeemable preference shares. Anyone who push this stock above RM1 with him will only make the prophecy becoming real. He had so much to gain at the expense of other shareholders.

Well, stock still got to run. But Malaysia is at risk. Not only election, now Sabah & Sarawak might want to split as well. Also, recent statement of Tun Mahathir regarding the Petroleum act which is unfair to Sabah&Sarawak, might be a killer blow to Najib. 1974 Prime Minister is Najib's father, who the unfair act passed. If BN not doing well in Sabah&Sarawak, pretty sure BN in troubles.

Yeah, last few day us market up 10%. Currency up also. Double gain.

Boeing go up because of najib also...
What a crazy man who keep transfering wealth into US.

Yeah... Najib must go... Malaysia won't go well for someone who pocket all the growth into his family. More people get wealthy then KLCI can up steadily.

Actually i didn't hold it through next quarter, because I think next quarter result would be a critical one. IF 9 sen mean same as last year, 5 sen mean profit drop 40%. Also, not to forget Q1'15 profit -4sen, after earning of 5sen in Q4'14. I don't like 5sen.

Weird, MIDF kept claiming Foreign fund inflow into Bursa. But KLCI and INSAS kept going down.

Time is too close to judgement day of Najib. Can't risk that anymore.

It was a great time here. Just disappoint that no good news from latest quarter.

Well, i sold my share and will go US market. Sigh, still left a bit. Not fully done yet. 1.02, lelong lelong... come buy..

btw, saying that, i'm still holding abit of INSAS share. Thinking it would break out after this year earning.

Or worst case, the family try to skin the shareholder. See the massive % of RSP and warrant hold by the family. They are not kind to shareholder.

Insas is totally not like berkshire. I am heavily invested in berkshire and their approach are totally different. Berkshire, rewards shareholder. Insas, not so much. How could a company issue warrant and RSP when share price is 50% of book. That only prove the management don't trust their own account as well.

N Korea Long range missile will keep them safe temporary. History already proof that Idiots who disarm according to US request will be taken down. Unease and civil war will cause regional poorer, which is what US need to stay Top. So, it is good that N Korea able to stay afloat for now. US is the first country to use nuclear weapon. Only reason they don't dare to use it anymore is because other countries have it and they have much to lose if nuclear war started. If N Korea long range missile kept failing and their nuclear program not successful, only thing will come next is war coming to Asia.

Just go to Bursa and they even show the date for same filing every quarters. Really got nothing to say to shortern traders/pundits.

LOL
it is funny. Dato Thong always file for that before earning. But trader use this to speculate something...