Posted by Sslee > 3 days ago | Report Abuse

I do not know how is Insas a decade ago.
I only know Insas is deeply undervalued because of insas holding in Inari.

Posted by Sslee > 3 days ago | Report Abuse

Inari:
Private placement
Ann. Date
Date
Type
Units
Price
View
29-Jul-2021 30-Jul-2021 Private Placement 333,000,000 3.100 Additional Listing Detail

I do not understand why people spend billion just to hold 330,000,000 inari share when they can use the same billion to become controlling shareholder of Insas and hence become controlling shareholder of Inari.

Posted by TheContrarian > 3 days ago | Report Abuse

Funds buy Inari for the regular quarterly dividends.

Posted by BLee > 3 days ago | Report Abuse

“Sslee > I do not understand why people spend billion just to hold 330,000,000 inari share when they can use the same billion to become controlling shareholder of Insas and hence become controlling shareholder of Inari.”

Since after some time, no opinion forthcoming (only @TheContrarian opinion before finish typing) , my take:
‘- PP subscription at max of 10% discount from 5 days VWAP, chances of gain logically.
‘- PP $ added to paid up capital, unlike buying from the open market.
‘- if buying from the open market, the price will fluctuate; just like throwing $ into a bottomless hole..

There are pros and cons of PP, hope it will answer Sslee's question. Other opinions are welcome. Happy Trading.

Posted by TheContrarian > 3 days ago | Report Abuse

Mr Sslee is asking why funds buy Inari via private placement rather than making a hostile takeover of Insas.

Posted by Sslee > 3 days ago | Report Abuse

My question is why not spend less owned more Inari share and become controlling shareholder of Inari and appoint your nominees to the the board of director of Inari?

And the best part if able to take over Insas then you still have whatever inside insas including the 1 bilion cash hoard.

Posted by BLee > 3 days ago | Report Abuse

“TheContrarian > Mr Sslee is asking why funds buy Inari via private placement rather than making a hostile takeover of Insas.”

“Sslee > And the best part if able to take over Insas then you still have whatever inside insas including the 1 bilion cash hoard.”

In a nutshell, PP is internal funding inside Inari which can add Inari value whereas buying Insas from the open market could be a ‘futile hostile’ exercise…two different exercises with two different outcomes.
For example, both Inari and Insas are a piece of empty land (Insas own a small portion of Inari); PP is $ spend to build a tall building to add value whereas bidding/spending on the other piece of land could be a ‘futile hostile’ exercise with no value added…

Posted by Sslee > 3 days ago | Report Abuse

As investor you can either choose to invest on Inari PP or not and it did not affect Inari as other investor will take up the PP.

My question as investor why invest in inari PP when you can use the money to make a take over of Insas and become controlling shareholder of Inari and still owned whatever inside Insas?

Posted by TheContrarian > 3 days ago | Report Abuse

Thong smart, he ensured Insas haram so EPF or KWAP can't buy Insas.

Posted by Sslee > 3 days ago | Report Abuse

Thong is very smart and like a poker player watching with his hawk eye from sideline to time his move to increase his and PAC holding in Insas from 32.96% to above 50% at lowest cost to him and his PAC

Posted by Income > 3 days ago | Report Abuse

Bo chawwww. Si Ahhhh🙄

Posted by xiaoeh > 2 days ago | Report Abuse

SsLee sifu
will u buy Star Media Group and Keep?
Mr Thong and The Edge Media Group seem holding substantial amount of its share...

TONG KOOI ONG 28-Aug-2023 Disposed 379,200 0.000
TONG KOOI ONG 24-Aug-2023 Disposed 10,000 0.000
TONG KOOI ONG 18-Apr-2023 Notice of Interest 39,339,200 0.000
ICHC ANSTALT 18-Apr-2023 Notice of Interest 37,500,000 0.000
PHILEO GROUP LIMITED 18-Apr-2023 Notice of Interest 37,500,000 0.000
THE EDGE COMMUNICATIONS SDN BHD 18-Apr-2023 Notice of Interest 37,500,000 0.000
THE EDGE MEDIA GROUP PTE LTD 18-Apr-2023 Notice of Interest 37,500,000 0.000

Posted by TheContrarian > 2 days ago | Report Abuse

@xiaoeh, Tong is not Thong.

Posted by xiaoeh > 2 days ago | Report Abuse

Posted by TheContrarian > 2 minutes ago | Report Abuse
@xiaoeh, Tong is not Thong.

Ha...?!!!
this Tong is not that Thong ha...?
how dumb i am!!
may i know who is this Thong ha?
mind sharing?

Posted by TheContrarian > 2 days ago | Report Abuse

Tong is boss of The Edge, Thong is boss of Insas.

Posted by xiaoeh > 2 days ago | Report Abuse

all the while i've been thinking of this Tong is that Thong u guys are talking....
wrong frequency wrong frequency...
will go tuning will go tuning...
😂

Posted by TheContrarian > 2 days ago | Report Abuse

And there's also a Chong.

Posted by Sslee > 2 days ago | Report Abuse

Will Tong increase his holding in Insas and become a substantial shareholder?

Posted by TheContrarian > 2 days ago | Report Abuse

Needs to buy 35 million shares to become substantial shareholder.

Posted by Sslee > 2 days ago | Report Abuse

Tong buy in Star Media to become a substantial shareholder.
Will Tong do that too with Insas?

If he does I will write to him on his right to table his resolution at AGM for shareholder voting to appoint himself to be Insas director.

Posted by TheContrarian > 2 days ago | Report Abuse

It will cost Tong probably twice his cost in Star to build a 5% stake in Insas.

Posted by Lpc1225 > 2 days ago | Report Abuse

One group is trying to keep the price low(most people know who) while another group is happily collecting when the price is low.The tussle is getting interesting.

Posted by TheContrarian > 2 days ago | Report Abuse

There's no tussle, buyer and seller is the same person.

Posted by Sslee > 1 day ago | Report Abuse

Yes right hand sell to left hand to pull down and once collected enough left hand sell back to right hand to push up.

Posted by TheContrarian > 1 day ago | Report Abuse

Exactly.

Posted by TheContrarian > 1 day ago | Report Abuse

More people exercising their warrants.

Posted by speakup > 1 day ago | Report Abuse

Mean Cash per share drop

Posted by TheContrarian > 1 day ago | Report Abuse

Increased people get to share Insas cash hoard.

Posted by Sslee > 1 day ago | Report Abuse

Insas
Ann. Date
Date
Type
Units
Price
View
24-Apr-2024 25-Apr-2024 Exercise of Warrants 49,000 0.900 Additional Listing Detail
08-Apr-2024 09-Apr-2024 Exercise of Warrants 1,590 0.900 Additional Listing Detail
05-Mar-2024 06-Mar-2024 Exercise of Warrants 37,000 0.900 Additional Listing Detail

Posted by xiaoeh > 1 day ago | Report Abuse

will share price drop over these Exercise of Warrants?
share base increase?

Posted by Sslee > 1 day ago | Report Abuse

Why not just sell the WC and use the money received from the sales to purchase Insas from open market?

Posted by Tatooine > 1 day ago | Report Abuse

I have heard insas already doing financing for microlink. Apparently some people blame thong for the mess at Omesti and microlink so he is forced to bailout microlink. Apparantly he is very arrogant the insas is his and the board will do as they are told …

Posted by TheContrarian > 1 day ago | Report Abuse

The Board of Insas comprised of puppets and Thong is the puppet master.

Posted by xiaoeh > 22 hours ago | Report Abuse

Tech sector seems starting moving....

Posted by 5354_ > 10 hours ago | Report Abuse

2024-04-24

Insider

DATO' WONG GIAN KUI (a company director) disposed 100,000 shares on 23-Apr-2024.

Posted by 5354_ > 10 hours ago | Report Abuse

Director sell at what price?

Posted by TheContrarian > 10 hours ago | Report Abuse

Director sold RPS.

Posted by 5354_ > 8 hours ago | Report Abuse

I thought promoter tell TP RM 1.5 why director sell so low?

Posted by Sslee > 8 hours ago | Report Abuse

Last time I sold WC and PB to top up Insas.
So what wrong CEO sell the Insas-PB?

INSAS BERHAD - REDEEMABLE PREFERENCE SHARES B MAIN : Finance
Last Price Today's Change Day's Range Trading Volume
0.965 0.00 (0.00%) 0.00 - 0.00 0

Avg Volume (4 weeks): 5,776
4 Weeks Range: 0.96 - 0.97

Posted by 5354_ > 8 hours ago | Report Abuse

CEO is seller because coming QR not good because of Microln share plunge?

Posted by Sslee > 8 hours ago | Report Abuse

Insas hold omesti share and RPS as fair value financial assets.
And every quarter will report fair value gain/loss on this asset.

Posted by Sslee > 8 hours ago | Report Abuse

This coming quarter end 31/3/2024 very interesting to check what will be the disposal gain on 10 million inari and 100 million M&A share.

Posted by WellnessAntiCancer > 7 hours ago | Report Abuse

Another interesting Corporate Politics, someone is testing the water to see the exercising Warrants 49,000 even though it is OUT OF MONEY at current price RM1.03.

If Thong is careful, he will have enough Warrants to convert his INSAS WA to secure >50.01% ordinary shares from current 32.9%.

SSLee is expert to calculate THong’s true holdings via his friendly allies or proxies.

Posted by Tatooine > 4 hours ago | Report Abuse

Thong will not do anything. He has already become rich my draining cash from insas and doing his own developments and business . For big development in bukit damansara he did with another partner. He has not interest in doing anything with insas when the board are muppets/puppets and he controls everything.

Posted by Tatooine > 4 hours ago | Report Abuse

https://theedgemalaysia.com/node/709336 Not sure this is the first to change opinion on inari and others will follow or just someone low balling … definitely think insas should sell inari as enough profit . It could drop a lot …

Posted by TheContrarian > 4 hours ago | Report Abuse

Insas sells Inari merely to manipulate its quarterly results.

Posted by TheContrarian > 4 hours ago | Report Abuse

Posted by Sslee > 4 hours ago | Report Abuse

This coming quarter end 31/3/2024 very interesting to check what will be the disposal gain on 10 million inari and 100 million M&A share.

Insas has sold sufficient amount of Inari and M & A shares to report a nice lovely EPS.

Posted by Tatooine > 2 hours ago | Report Abuse

Thong is so desperate not to look like the failed investor he is that he will never sell the inari stake. Even if it costs insas shareholders 1 billion ringgit he does not care. His ego is more important

Posted by Sslee > 2 hours ago | Report Abuse

Failed investor?

Those invested in Insas should know better many of those holding: Omesti, Hohup and etc were legacy holding from M&A margin finance and Insas credit and leasing pledged shares securities that somehow end up in Insas.

So are you also a failed investor for investing in Insas?

Posted by Sslee > 1 hour ago | Report Abuse

Insas will always hold Inari share as controlling shareholder. Only on and off insas will trade some Inari share to make quarterly result look good.