1 month before result always like this.

As usual, this forum thread is much more interesting than the stock itself.

see you...

But my run out run in is not like you, every few cents shout buy in... i just tok kok and no action.

LOL Leno, i'm holding INSAS. Actually i hold Genting M and Berjay Corp last year as well. Insas is last piece which i haven't sold. Can't deny i made money from INSAS. But my record give me a conclusion it is not good to shareholder. If i hold all the way and not run out and run in, Insas and Ringgit would cost me dearly. But run out run in, actually i'm making 200% last time and near 100% this time.

So, risk @ 2020 is still there

Sometimes, it is good to just look at the CEO/Board. There are CEO who only enrich himself and there are some who grow together. VT is obvious, keep the best and only list those that they want to grab money. Insas is kind of similar. I believe him successfully enrich himself through the WB.

how telegram works?

Spend time tok kok cost nothing. But trade will cost money...

LOL... u pump i happy. I told you before. You buy up won't hurt me. But that doesn't stop me to constantly assess my risk of Ringgit. After all, my earning only count if i convert my money back. Not like you guys who just enjoy spending Ringgit.

The due date to pay 1.2B is end of this year. So election sure come before that. That is deadline. Now is July already. Count down...

The environment is not friendly to Malaysia Bursa now, thank to Najib. Someone sure need to pay back. The next 1MDB interest payment will come again, who will help Najib again?

Worry for Election and ringgit more than insas. Ringgit drop 15% since 2014 and Insas only earn RM0.48 per share using capital of RM1.8 per share at end of 2014. Effectively, over the last few years, it only return around 8% to a investor from foreign country. Worse case, the price never hit back the old price in 2014 and with lot of dilution risk coming in 2020. I'm lucky to quit at right time last time and bought back again last year. Now may be time to quit again... don't dare to wait for election result....

anyway, Bursa biggest risk is still Gov. You can gain in stock but Ringgit slump will kill all your profits. Oil will continue to be low for quite some time...at least like 85-90s or longer.

ahead of elections , still hopeful and gov sure pump. Near election, some start to reduce risk. After election, if BN win, continue up a bit, if opposition win, then run for life. This year is the most unpredictable one as Mahathir becoming opposition. How crazy was that if you think this in 2007. But i did predict, Najib up sure doom day for malaysia while my friend still so happy and said he is better than Abdulah due to a lot of implementation and many big project. Abdullah is the good one. Remember the one who sing Negara"xxxX" but didn't get lock up? That is only possible when under Abdullah.

Election is a big scare to all foreign fund now. Foreign fund are net seller recently

LOL... your broker sure like you a lot.

hmm... tough decision time... RM under squeeze soon. Profit now or wait for next quarter result is hard to decide. Shame on Najib for making Malaysia so vulnerable to attack.

Let's it stay will do. Slowly up with the earning is better. Sudden jump only benefit trader. Cost of trade only benefit broker. Just hold, pretty good to see 1mdb issue. Seem like election will get delayed and Ringgit would stay strong for some more time.

@Sslee, ask them to pay out the treasury share as dividend now. This year EPS don't need that high

Berjay corps buy up the share, so that those who granted option can make profit. Option price is 1.44

But anything also have both side. If warrant price go up too much like 0.45, then they can sell all warrant and cash out. Later use that cash to buy Insas Share. 0.45 is a good price because that amount could make them gain additional 2% ownership without spending money, compare to exercise the warrant at the end of the day.

Precise info from as of April filing
Dato Thong direct warrant 2,904,600 1.1% indirect warrant 83,414,970 31.45%
His brother direct17,343,524 6.54% indirect 12,014,706 4.53%

Both of them have more than 40%. If they exercise, they will greatly boost their owning power of Insas. If they really do this, then he is like those HK rich man, get rich by selling out shareholder.

Anyway, i just hope Insas shareholder aware of what we're investing. If Insas grow and share follow, that is the best. Don't just be lead by trader who pump and dump. That is more harm to most of the shareholder.

@kevin5059, the Inari is old stuff. They realise part of the gain back in 2013 or 2014 when they let Inari IPO. And they can't sell the holding as well because if they sell it, then they got nothing better for income.

@skyz, i mostly vested in US stock and i'm considering to cash out INSAS and went to US as well. I did bought Berjaya corp and Genting Malaysia. But sold Berjaya corp after the dividend payout in share and sold Genting Malaysia 1 month back. All money went to US again. Back to Ringgit because Najib preparing election and i bet he won't dare to let Ringgit drop.

core problem with Insas is they actually have very poor utilization of capital.
Raise RPS and warrant to collect money and pay down USD debt, but they still earn less than 10% equity return over last 3 years with all the capital plus retained earning.
On top of that, 3 years later, they probably face dilution effect because Dato Thong is holding at least 31% direct and indirect warrant which i believe he would realized to increase his %holding of the company. So he probably want to enrich himself at the cost of every other shareholder.

Instead of paying dividend like any other company that didn't utilise capital wisely, they pay RPS holders, which Dato Thong hold at least 41%.

So, summary Family business.

Reduce supply of share is more critical for going beyond 0.45 book value.

hmmm trader won't help much on pushing price up... low and steady volume of buyer who holding the stock for mid to long term is more important. Every pennies trader earn is from trapping someone else, which later create resistance.

Nice.... hmm... i loaded back when i'm back from vacation before result. But don't dare to load too much as i'm not sure the direction of US federal reserve. Ringgit is my concern.... If ringgit show sign of going down, probably throw. But i knew najib already loaded with USD in preparation for election. To prevent ringgit go down.

Middle east problem probably cause oil price to drop. Subsequently lower the strength of Ringgit. Bursa will suffer because Ringgit is always the soft point. It doesn't matter if share price up 30%, ringgit drop 20% will kill most profit.

Well Leno, few month back, warrant is still 20sens, now warrant trade at 30+ sen. If there are institute or Dato Thong family who have faith with the company accumulate in order to increase their holding% of the company. Nothing would stop the dilution. Watch movie also have, family takeover due to one smart kid got money. Dato Thong very old already, his brother passaway few year back. Almost time for management transition.

Well, last time i hunt for those as well. But now, it is too costly for me to do that. Mathematically gain 10% and then lose 10%, i will still lose money, as 1.1x0.9 = 0.99. Plus those cost incured during trading. So, it is not that i don't want to hunt 100% anymore, just it is more important for me not to lose money. 10-20% gain is good for me.

btw..Aunty? seldom have female call themselves aunty. Anyway, there are many type of investor or traders. Go with your route which works for you.

Your point exactly show the ceiling for this stock. If Management objective is no one convert. Then the price of INSAS will never go above the price that someone willing to convert in 2020. That is the ceiling. If it go above RM1.3+, then people will convert and dilution will come in. Ya, i sold back then when people hype about that. Many stock have the trend that, first announcement of right will make price shoot up a bit due to people calculate the face value of right plus warrant. But 1 or 2 weeks later, normally share price drop. I encountered few round on the stock i'm holding, so i will just sell it off when opportunity come. Too tedious to count and guess what would happen next.

The warrant price is RM1. Expiry date is 2020 if i'm not wrong. Who is the genius to convert when Insas price is below RM1. You pay RM1 for RM0.96 share? Why don't just buy 0.96 from market.

Well, i believe you sure know how warrant being price at right now. When they start to talk about right issue back then, some still speculate good opportunity for the RPS that come with 2 free warrant. My policy is who announce right issue with dilution effect, i sell. Some probably still believe the 2014 Price drop from 1.2+ is nothing to do with this.

@sengkee, not likely. Many traders or pundits here trade without considering the dilution effect from warrants and RPS issued back in 2015. That is the main reason Insas will continue trade below 0.5 book value. Management need to deal with that before things get better. Each sens of earning will always create value less than 1sens to owner of this share. Many think INSAS is like berkshire hathaway of Malaysia, but in core principle, the management disregards shareholder as partner. They dilute and pay 4 sens dividend to RPS holders. It is better to be the RPS holders than the shareholders. I believe in short term, the max value of INSAS probably 0.45 of book value.

let's see if the pundits still around that time...

@The Contrarian, i might come back in 25 or 26 May after my holiday.

lol... today is good day... my cost around 0.69... Sold my tencent also.... 244.4

LOL... i knew i am not as smart as pundit.... so... i got to play defensive when i see pundit... You guys are super smart pundit where my level can't match. I just out for holiday... after all Market up Market down everyday...

bye bye... lol... holiday start...

Genm reached 6 already... lol... the new themepark not even open yet... Tencent hit 242.... this insas.... better out when pundit come...

btw... the volume 21k is .... really..... ikan bilis...

where?

u trade in virtual world? the highest still 0.92.... where got 0.925

I cash out soon if it go there.... After all, time to sell in may and go away... holiday in May....

ya... false ceiling there... who care... don't expect it to shoot without clearing that false ceiling...

bail me out please...

whack whack whack... but volume still 400+k ... my limit order still there...

People know who tok kok...volume stuck at400k and no one buy up