Post removed.Why?

per B/S March 2019............

cash and deposits $ 660 million
other financial assets $ 245 million
less
client / trust accounts ( $ 100 million)
preference shares due ( $ 130 million)
loans/ borrowings ( $ 320 million )

sslee............if every thing is above board, they can mobilise $ 100 - $ 200 million no sweat.....if every thing is above board and the assets still with them.........

but is that called margin of safety? whose safety since u are not in management?


for fund managers, for portfolio managers, they don't like to invest in such companies with large assets but uncertain future clarity. Do not wish to wake up one morning and found the assets with ahmois., like 1 MDB...........

They prefer to put their money in Philips kind of companies whereby the money is employed in core operations............

Sslee > Jul 21, 2019 10:44 PM | Report Abuse

Dear 3iii,
As on 30th June 2018 INSAS have deposits with licensed banks and financial institutions in Australia of equivalent RM 155,816,000. Board have explained to me that INSAS park the money in Australia for investment opportunity outside Malaysia
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sounds like 1 MDB....sure the money still there?

One day, u read in the papers the money went to ahmoi , then how?

Sslee > Jul 21, 2019 10:44 PM | Report Abuse

Dear 3iii,
As on 30th June 2018 INSAS have deposits with licensed banks and financial institutions in Australia of equivalent RM 155,816,000. Board have explained to me that INSAS park the money in Australia for investment opportunity outside Malaysia
===========

sounds like 1 MDB....sure the money still there?

sslee....stock broking shares....hot sector meh?



they will raise the dividend to u meh??

so what u betting on?

maybe they give u ahhmoi?

where u have casinos , u will have China dolls...


they are in symbiotic relationship.

3iii...a lot of so called cash are not cash of Insas.....they belong to customers..............They have a stock broking operation.........

don't go Genting so often.........

uncle LIm not good for u.................

some pray for insas shareholders, some pray for ahmois..........

I don't pray, I bet................

what are they betting on? what is the bet?

want to pray also must ask what can change?

and what is margin of safety?

I do not agree safety is measured by NTA or NAV since u have zero control.

If U have controlling interests, then its a different matter...........

Post removed.Why?

sslee


since I made money on Jaks/ Sendai on the way up, I consider it my skill/ luck

since I did not lose money on Jaks/ Sendai on the way down, I also consider it my skill / luck.........

I see nothing wrong......................

but one thing I don't do.....I don't sell subscription service, and I don't take in students...........


and every time I trade, I cannot guarantee I will be right .........................

Post removed.Why?

Post removed.Why?

https://www.linkedin.com/pulse/paradigm-shifts-ray-dalio/

what does this tell u?

it tells it is all about dualism, about yin yang.

and what is margin of safety?

I do not agree safety is measured by NTA or NAV since u have zero control.

I think every novice, every beginner starts off as a value investor imagining himself to be a value investor or a punter.

And since punting is not encouraged in polite society, everybody who has ambitions to be a teacher calls himself a value investor. Everyone who values what others think of him calls himself a value investor.......

and that leads directly to value traps.....nothing teaches life lessons better than being trapped first and to experience it.

sslee...the relevant topic is about Insas and stock market.....not about religion.

I would be wrong if you treat value investing as a religion ....and perhaps KC and sslee treats value investing as a religion.....then I am all for other ways for picking stocks.................

Post removed.Why?

Post removed.Why?

margin of safety like buying bonds... get bond rates only.

80 now and 80 in future, that is if u are lucky.

There is method to icon....HTpadu 60 to $ 1.20 in a few months....the key is to find what u betting on.............

so why HTpadu 60 to $ 1.20?....Insas 80 past present and future?

truth is revealed in reality....to value investors, their truth is in their imagination and in their stubbornness.

talk no use. Lets see 1 year, 5 years, 10 years later.

get bond rates only, that is if u are lucky

margin of safety like buying bonds... get bond rates only.

There is method to icon....HTpadu 60 to $ 1.20 in a few months....the key is to find what u betting on.............

so why HTpadu 60 to $ 1.20?....Insas 80 past present and future?

truth is revealed in reality....to value investors, their truth is in their imagination and in their stubbornness.

There is method to icon....HTpadu 60 to $ 1.20 in a few months....the key is to find what u betting on.............

so why HTpadu 60 to $ 1.20?....Insas 80 past present and future?

truth is revealed in reality....to value investors, their truth is in their imagination.

https://www.forbes.com/sites/garymishuris/2019/07/17/how-i-spotted-a-fraud-before-it-was-too-late/

$ 70 to $ 4....and $ 4 to $ 40.............

That is also how Jaaks will make me money................

Mr Musang got future.

by stockraider > Jul 19, 2019 12:06 AM | Report Abuse

Maybe the chinese party may leave some crumbs with jaks & keep the lion helping for themselves loh...!!

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make enough sell and enjoy.............


at 80 sen, good bet.....

raid....no one can do infrastruture and power plants like the Chinese.....................

kc...

to be able to sell Jaks at $ 1.70, never look back until it reaches 50 ....that is mark of good contrarian play, a pro.....

now at 80, plenty of upside still to come....

musang king is highest quality durian, some thing NZ do not have.

"And that's why I have always said that enormous patience is required for the strategy."

small cap value investors had a good run 2010 to 2014......

u waiting for a repeat run?

Then, first have to go through a 2008 like crash when almost all small caps are traded at historical lows and single digit PE. Actually blue chips and high quality companies did even better than the small caps since the collapse.

Icap loss a hundred million $ in Parkson.....

City of London come and do arbitrage play on Icap....see what it got them into??

retailers look for action....professionals look for contrarian play.....long term investors look for growth and superior quality.....


kc look for what? Look for Wall Street arbitragers to come rescue u?

how silly.

this is Bursa, not wall street.

Raid, sack , burn for hard assets is so old school, so 20 century......

now, the world is flushed with liquidity looking for ideas, for growth, willing to pay ridiculous amounts of money for the next NEW Thing, for Industry 4.0, for internet 3.0, for the next disruptor.............who got time for hard assets?

the world is looking for stocks with zero marginal costs......willing to pay huge premiums for stocks with zero marginal cost......

accountant dream stock so old fashion.....now people looking for Softbank dream stock.................

Raid, sack , burn for hard assets is so old school, so 20 century......

now, the world is flushed with liquidity looking for ideas, for growth, willing to pay ridiculous amounts of money for the next NEW Thing, for Industry 4.0, for internet 3.0, for the next disruptor.............who got time for hard assets?

In Wall Street, there are professional arbitragers who buy under valued stocks in hostile take overs , sack and burn .....


But that is Wall Street, this is Bursa.............

https://www.investopedia.com/terms/v/valuetrap.asp

too many beginner investors waste their investing life being a value trap investor...........prime example, followers of KC Chong.


so tempting for beginners, too tempting for beginners....accountant dream stocks, .....looks good on paper with their metrics and quantitative numbers and formulas.........on their rear view drives.


but rarely delivers ....

U think Warren Buffet will be Warren Buffet if his stocks ( like Coca Cola ) did not grow and grow ? U think Warren Buffet grow rich by buying value traps meh?

Jaks is betting on major improvements to its fortune...............Insas betting on what??

we even have a word for dead shares like Insas and Icap..........Its called holding company discounts. Insas is not the only one in Bursa with huge holding company discounts.............plenty of examples already.

siradian....you dare to guarantee Insas will not be PN 17 company in 5 years time? But first, the company got to redeem the $ 130 million of RPS within 12 months.......

By the way.....did kc guarantee that Biscuit will be PN 17 company by 2019?

ss, kc......both retail and institutions prefer to buy Beyond Meat than dead Insas....good reasons for it.....

kc....retail not interested in Insas.....no action.....

Institutions not interested in the share...no quality, wrong sector, the best behind it already, no one trust them , it is piggy bank for the family to punt the market.


Do u really think Malaysians need some one in NZ to tell them what shares to buy?

kc...u should write some thing negative about a share...........so I can buy.................it works for me....5 out of 5..........

kc.....want to buy shares like insas? I think 1000 of the 2000 shares in Bursa share the same characteristics...........dead shares.....no one interested.........................