wa sulah ciakap ... insas veli veli good wan. Lu tengok ... depan belakang atas bawah kiri kanan ... semua molek molek wan. Lagi hor ... itu leno the most panlai manyak collect itu insas ... kalu the most panlai collect manyak manyak ... musti sebab itu insas manyak cianteeekkk mar ... kalu tala cianteek ... the most panlai talak collect wan. KAKAKAKAKKAKAKAk .... INSAS .... CIANTEEEEKKKKKKKKK !!!!
avoid insas, it is inflating its book by all these right issues etc....it is not by revenue improve, or profit margin improve, dangerous liao......and be careful everyone
wish all Insas investor and Leno good luck ya. All Insas related companies invest into property, a market that is going to crash soon ya. See Lee Kar Sheng selling all his REITs property in Malaysia? He sees something you all not yet seen ya. What happen after he cash out most of his China exposure? Learn from the wiseman-All time Chinese richest man in the world will seldom goes wrong yah
KS will leave the market b4 peaking as he's not as greedy as all of us. U still hv 20% to gain b4 the crash. Risk takers can still try their luck but be more cautious.
leno has a point.. insas is a graham net net and negative enterprise values stock.. means it got sustainability ... however look into side dishes: novamsc, ifcamsc and zelan kikkkiiiiiiii
greattt insas confirm fly after raya !! this is happy news !! congrats leno until now still support insas !! cooll.. when he shout insas that time insas only 0.40-0.50 !! looking forward insas at 2.0 !! hurray !!
yes of course. buy good value when low and wait to sell high is the secret. i always lose when i play the trading game but i never lose when investing. this is true of most i think.
any expiry date attached to the rps? can it be converted to the ordinary insas ? when and how?? if it can not be converted to ordinary insas, company buy back ar RM1.00, where is our profit if ordinary insas is higher than RM1.00. please someone kindly enlighten me. tq
this insas RPS is not convertible, instead of calling it as preferred shares, it more like a bond, a redeemable bond, 4% interest a year , last for 5 years, but the company can redeem the bond anytime within 5 years period if they want to, and after 5 years, if the bond holder want to extend the bond maturity date and insas agree with it, it also can be arrange.
this bond is very flexible for insas, if bank negara raise the interest rate, insas win, if BNM lower the interest rate, they can choose to redeem it.
then what is the benefit of buying this RPS? -get 2 free warrant -fixed 4% interest rate
who might interested for the RPS? -low risk investor
who might interested for the warrant? -high risk investor
base on closing price, you spend RM1.00 and gain 50sen from the warrant. whats a stupid deal, why so excited? Tarikh balik my shouting"HUAT" just now. Zzz.....
the company can any time buy back from us at RM1.00. this is very tricky, that means its price can never be more than RM1.00, right??
*can, if BNM lower the interest rate , and low risk investor will rush to buy the RPS, but the RPS wont up go up like crazy. at most RM 1.1 to 1.2
the crazy money making is in it warrant, exercise price RM 1, and you get 2 free warrant. in future, assuming insas share price go up till RM 2, the warrant is worth at least RM 0.90 to RM 1.00 the catch is, it depend on the insas share price, hence higher risk.
if you have confident in insas, and the company deliver good result , you can make big money with your investment in insas and insas-wa.
RPS? not much, it is just like fixed deposit, instead of deposit in bank, you are deposit to insas.
To all the INSAS comrades, soldiers and slaves ... keep hold on to insas. Let the KING INSAS explain simple thing to u all .... u put RM 1 in FD in any bank ... they got give u 2 free insas warrants or not ? Tarak bukan ? HAHAHAHAHAHAH ... that's the BIG BIG difference. U put RM 1 into rps ... we get 2 free warrant on top of 4% fd. We can sell off the fd and get back RM 1 straight away and still holding 2 free warrants ... we also can dispose off the 2 warrants and the rps and get back at least RM 1.50 ... HAHAHAHAHAHAHAHAh .... that's is A LOT !! So, dunt SELLL TOMOLO !!
But my sincere advice is not to chase the price tomorrow.
By the way, Insas extremely unlikely to redeem the RPS before due date. Reason, only need to pay 4% for funding and not to worry about being recalled by banks etc etc.
If it is that great don't have to offer two warrants to sweeten the deal lah......oops! it shouldn't be sweeten, but to force you to subscribe to the RPS lah!
Leno, your assumption is base on Insas price remain at 1.25 when the RPS/warrant is being issued. What if the price shoot to 1.50 on the day the RPS/warrant is being issued? This will be more than A LOT. Your laughter will be louder....lol!
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gweilo
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Posted by gweilo > 2014-07-26 21:24 | Report Abuse
If you want dividend RPS is very attractive at 8% yield based on 50 sen cost when offset by sale of warrants.