Great jayC !

very good work imoogi99

I don't have any worries there. Inari technologies are still in their infancy and the future growth will be phenomenal. I know, that is my own forte as a Technology Analyst. They are not going to build fabs fast enough to keep up with demand. Nice problem to have. Insas offering is related to this.

cfoong yes mother may drop when warrants issued but mother + warrants will be higher than mother without warrants so taking offer is a win imho. there will be arbitrage with people selling mother and buying warrant too and this is what i see weighing down the mother most but if you took the offer and hold the warrants its ok because the warrants will rise into that arbitrage. and, in the main all of this will not dictate the prices of either or both. the company performance will. with inari, ho hup and the main parts of insas going gangbuster and the nts rising i see only higher prices and better things ahead for insas. of course wall street, global economy, major events like oil price crash will affect entire klse including insas. these are the major risks as i see it. with a healthy global situation and stable or rising prices insas and its subs are only going to grow and grow and grow. imho insas really is a solid share with little risk going forward,

cfoong yes you need to think. get free warrant and if mother is rm1.10 and warrant is 10 sen just sell warrant ! to make 10 sen. No need to convert. If warrant is say 30 sen and you convert you will LOSE 20 sen ! Just sell warrant and make 30 sen. Get it ?

of cos. you can convert anytime at rm1 up to 5 years when warrant expires. but if mother is 1.1 on the first day and warrant is say 10, 20, 30, or 40 sen oni an idiot would convert !

5 years at RM1

I have high hopes for Insas. No time to waiver in confidence. Everything looks terrific in spite of the drop in share price which is related to external factors and will pass. Go Insas !

hamsubchai full of sour grapes. gambler lose blame others,

dilution only happens when the share float increases because more share decrease the nta per share. when share bought back there are less shares so it increase the nta per share. get it ? so warrants do NOT increase nor decrease the nta per share UNLESS they are exercised ! is that too hard to grasp ? if the warrants all expire and none have been exercised there has been NO dilution. so, dilution oni occur when warrant is converted to share because now there are more shares and the nta is less per share. but if company buy back shares in amounts about the same as warrants converted than there is also no dilution because one offset the other.

beso it's obvious you have no clue. the rps is like a CD, you pay rm1 and you get rm1 back in 5 years and 4% a year interest along the way. It has absolutely NOTHING to do with the share price.

dilution only occurs IF and WHEN a warrant is converted NOT on warrants being issued. the potential of warrants being converted may or may not affect sentiment but it is only one component of such sentiment. if stock is undervalued already and if prospects look bright and growth is expected warrants being issued will probably not affect the overall positive sentiment. if you only own the mother and are a trader maybe you need to ponder and wonder but if you are an investor planning to hold both the warrants and mother, you can't lose.

I told you do not miss out at a second bite of the cherry. I hope hamsub sandwich was listening and heeded my advice.

Neither good nor bad. It's a non event.

yes. a chance to get a second bite at the cherry.

open thine eyes. without buyback would be even worse. malaysia foreign reserves hit record low and other bad news. buy more ride it out.

Inari growing by leaps and bounds. need to build new factories to keep up wif orders. you are right maybe shud not have give dividend. maybe do so because people here will bitch and moan if they don't give ? people wan growth, dividens, share price oni go up, etc but think it all come from thin air ya know.

truthseeker1 1)because insas needs cash to take up inari rights 2) they want to remain cash rich

7) Most investors are pussies and have no staying power,

the only way it might happen is arbitrage selling of the mother to buy the warrant to get greater leverage with less capital but this is self limiting because the share will fall and the warrant rise until the risk reward reaches equilibrium and then from there on they will both rise or fall based on fundamentals.

assuming full dilution is the worst case but will be offset with share buybacks and as you say mother share high and warrants deep in the money so company doing well then. i restate i like this offering because its impossible to lose money and almost guaranteed to make money. so, its like free money !

What you say though means the START price is MEANINGLESS. Therefore I don't think you should use it to make negative arguments against the offering. It is like a slight of hand to deceive. Not fair ! You seem to want to say nothing but reason why people should not take up the offering when in fact where can you get a deal that you can only make money and never lose ? Well, this is one.

rps + warrants actually a way to own insas risk free and oni make money and never lose money if you think about it.

no. need to be pilot fish n ride on the back of the whale.

take an example. mrcb mother sell at 1.12 warrant at 0.16 with conversion price at 2.3 !!!!
compare wif insas sell at 1.0 with conversion price at 1.0 ? no freaking way it be 0.005 !!! IMHO the 2 free warrant worth at least 30 sen each and prolly more. 4% not fantastic but where easily get more with NO risk ? sure can get 6% on gaming stocks but with risk. show me where get substantially more than 4% with no more risk and I'll put a few mio in it.

such craziness. if insas is rm1 day before issue the warrant will be rm.05 each ? HOGWASH ! It will be at least RM.30 and probably more. otherwise iI will sell a million mother and buy a million warrants and save a million ringgit and yet participate fully in any rise of Insas beyond RM1. If that the case EVERYBODY should sell the mother and buy the warrant ! craziness yes craziness.

Not twisting anything. 4% is a decent yield. Better than most safe yielding instruments these days. Why you pee pee on it ? Besides, what is the capital being used for ? To take up inari rights ! This will payback big time for Insas. Stock price will rise, warrants will rise faster and ken use RPS to exercise warrant. That *is* the TRUTH. If you are an Insas INVESTOR and OWNER you will get it. If you are just GAMBLER you will NEVER get it.

if that is your best advice what are you doing here in this forum ?

so dun buy any shares and put all your money in the EPF then? That is your best advice ?

foreign shares would be held in nominee name so you can't tell.

selloff is NOT related to share buy back ! It's related to OIL price and most of malaysia debt being in US dollars which is now strong and Ringgit weak and put Malaysia in rough spot financially. the ENTIRE market is down. why you think the universe revolves only around Insas ?

rubbish. the dilution from the warrants is trivial because they will only be exercised if the company is doing well and the price rising which will ameliorate any effect. Besides it is also being compensated for now with the share buybacks !

one other thing. he is right this will support the price of the rps and it should not fall far if at all below rm1 because it is as good as rm1 cash when converting the warrant. in fact can look at rps as FD paying 4% than can be redeemed along with one warrant and no cash for a share of the mother at anytime during the next 5 years.

warrant convertible to mother at RM1. normally this means you have to give rm1 cash to convert warrant. but not so with the rps. can use rps to convert warrant into mother. no cash necessary.

but you have 2 warrant right? oni one rps so oni can convert one warrant with no cash using rps.

so how ? simple, instead of spending rm1 cash to convert second warrant can buy rps from market if less than rm1 and save on cash cost.

get it ?

maybe something wrong with global fixing of all markets and whole financial system about to collapse ? the banksters have ruined it for everybody ! look at usd ? usa is bankrupt and yet dollar very strong ? dat be crazyness for sure. whole thing will fall down soon. japan prolly be first.

there are scenario where RPS can sell over rm1. that is where interest rates FALL so that bank deposits and other instruments yield far less than 4%. i.e. usa today. 5 year gubment bonds yield 1.6% so corporate bonds yielding 4% can easily sell over par. so never say never. now some countries have NEGATIVE rates ya know !

but i agree rps not so interesting EXCEPT if it trade down a lot after offering so the effective rate is 5, 6, 7 or 8%. Then I BUY. I still will buy it even though NOT exciting on its own when offered me because I do find the two free warrants EXCITING and if getting 4% on the rps is the price I have to pay then I'll pay it cause i'll collect the interest and get my money back eventually. Then if rps drops I will buy more if the effective interest rate seduces me at the time.

so, my interest in the offering is primarily the warrants but separately if the rps go down later it might also become a separate interest.

i see little risk in any of this because insas is a solid undervalued company and inari is going to keep growing by leaps and bounds for the foreseeable future.

i oso dun see them cancelling the offering because the main shareholder wants to buy no matter what as a means to further increase his holdings. I oso want to buy. I want to support my company ! I see myself as part owner and not a hit and run gambler like hamsubsandwich.

ok lets suppose you dun have any insas now and get no rights and buy no rights till after the offering when 3 things will be trading, The mother, warrant and RPS. Now say the RPS drop to 50 sen ! Man o man I BUY BUY BUY ! Why because it pay me 4 sen or 8% every years for 5 years. I'll take all I can get at that price ! So, guess what? It will NOT happen ! The price of the RPS will be underpinned by its 4% yield. It may drop below rm1 but its NOT going to drop much because every sen it drops raises the 4% yield. So, If it is not going to drop much should I buy the rights and pay rm1 for the rps ? Well maybe I expect it to drop to 90 sen after the offering ? Well, maybe so what cause I still get 4% on my rm1 price and the 10 sen drop will more than be made up by the price of the two warrants ? Lots of moving target here so cannot postulate each and every what if this or that but if you like insas (which i do) there are a few ways to play this to make some extra money. I think it is hard to imagine exercising the rights at RM1 and getting two free warrants plus the rps and not coming out ahead, I dun think the rps will drop below 80 sen (5% yield) and as long as the warrants are at least 10 sen each you can't lose and will still collect your dividend for 5 years. I see that as the WORST scenario. The best scenario seen the mother going into the money and the warrants rising sen for sen with it for huge profits.

Now if you dun wanna take rights nor buy them at all you can still buy the rps in the open market if it trades down to where the dividend make it interesting. In this case any price at 80 sen or below (5% yield) will be interesting. At 60 sen its almost 7% and a screaming buy. At 50 sen it's 8% and I'll mortgage my house to buy all I can. Not only would I get 8% interest for 5 years but in 5 years I redeem it for rm1 and get a 100% capital gain ! So, you see why the RPS price will be supported ? And, just like a bond the closer it get to redemption the higher the price will be because the cap gain per unit of time get compressed. It's NOT gonna be for instance at 80 sen after 4 years because if you buy it then and at that price its yield will be 24% for the 5th year !

Get it ?

yes but the rps might trade below rm1 after issue so if you can buy it then at 80 sen you will still get 4 sen dividend which is 5% yield to maturity plus a 25% capital gain !

actually i hope they do now. hope many dun take. hope to buy many many more rights on the cheap when people throw and den get free warrant galore n wait to make lots of profit while collecting 4% on rps. i be very happy fir dat.

they can wait until the timing is right to announce the rights right? no rush right? right.

I do !!!

share buyback makes share price go higher.

Must be ham sub sandwich ;))

Mine too !!!

Obama tees off in Hawaii with Malaysian leader
https://news.yahoo.com/obama-tees-off-hawaii-malaysian-leader-221016179.html

I bought more yesterday !

Yes Insas is only down because of global circumstances under which the entire market moves down. It has nothing to do with this individual stock. The impact of the oil price on Malaysia is way overdone and the market will recover strongly once that is recognized. Everything is manipulated these days. Watch this ... https://www.youtube.com/watch?v=c-JYDAd_43g

Why ? Yellen's been yellin again !!!

Watch this stock shoot up on Monday !!!

Not really. The RPS is really a bond, not a stock. It's not going to appreciate like a stock based on earnings, nta, etc. It's going to appreciate or depreciate based on interest rates except that at maturity you get your investment back, no more, no less. However it does have a kicker in that it can be used to exercise the warrant in lieu of cash at RM1 per share.