No such thing as ex-price since it is more or less borrowing money from shareholders. The clever part is the warrant, it will drive the price up tomorrow. Ready to HUAT tomorrow....
Wow.......from the comments for the past few days, it looks like listed companies can learn from Insas to issue RPS and warrants to push up their share prices.
What a joke!!!!!
No wonder we amateur investors are like feeding fodder to the professionals with the investment houses, fund management industry etc.
Thank you guys..... I have just liquidated all my position.
I am posting below comment and calculations not for gloating, but to allow fellow share amateurs like us to be aware of some alternative views. I have benefited from this forum, from people like Gweilo recommendations, and so it is time for me to share since most professionals have not done so in Insas forum.
Whatever it is, just buy, sell, buy, sell - the best option to keep pocketing $$$ from time to time, laughing all the way to the bank and Cash pile up keep counting. hahaha
vinc3362 alreadi admit she is just an AMATEUR ... and u all alreadi know that leno is the most panlai and successful investor. Who do you want to be ?Who do you want to invest like ? Like an AMATEUR ? Or like the Most Panlai Investor ? Who made the call to buy at 50 sen and below ? Who made the buy call at 70 sen and 90 sen and then at RM 1.12 few months ago ? Good thing about vinc3362 is she admit she is an Amateur ... but the not so good thing is ... she is not being sincere about her amateurish analysis. To all INSAS comrades, armies and slaves .... follow the KING LENO commands ! DON"T SELL OUR SOUL TO GREED AND FEARs ! DONT FEED THE AMATEUR SATAN and MAKE THEM GROW ! INSAS IS THE PURE DIAMONDS ... keep it. We will be the fool if we to swap our diamonds with street stone or taik kambeng. U want to be a KAMBENG ? NGEMBEKKKK ! NGEMBEEEKKKK !?
I think you really need to wait until Insas finalized everything, instead of speculating. One thing for sure, they paid their accountants so much surely to rip us off, not rewarding us... Agree?
Thats why it didnt fly today. Too little details to dwell into. Conversion ratio, etc.
It is still too early to say whether it flies today. If it does not fly today, it makes no difference to insas investors, only a difference to traders and speculators.
Frankly this upcoming RPS rights and free warrants don't make sense to me. Firstly, Insas 31 Mar qtr balance sheet listed RM271.8 mil Deposits with licensed banks and financial institutions, and Cash and bank balances of RM50.28mil; so total up RM322mil. Already the share price is very undervalued; why is the warrants exercise price so low at RM1. I calculated the NTA should be easily more than RM2 per share. Put it this way, if you own something at RM2/share, would you give people the option to buy at RM1/share? Next, most of the proceeds (RM60mil) will be capital injection into M&A Securities; 20 Mil to repaying bank borrowings, 30 mil to subscribe to associate rights (presumably Inari), RM22.267mil as working capital and RM5mil for car rental business. Question: compelling business reasons? You decide.
your analysis alredi FLAW at the beginning ... u cannot even understand simple basic thing of why warrant price is ex at RM 1 ... not at 50 sen or rm 2 ... how to help u lar ? KAKAKAKAKAK ... i dun even bother to read the rest of post ... because if it flaw at the beginning .. the rest we know is just CRAP. My advise should be ... u go back read accounting for dummiest book first hor.
Dearest INSAS comrades, armies and slaves .... DONT ABANDON your INSAS share ! Keep it, hug it, embrace it ... it is the TREASURE of our LIFE ! THere is a lot of thieves, buaya and sourgrapes who want to steal this treasure ... hahahahahaha ... KEEP HOLDINGS !!
ah ha ha hah ha ha ha ha ha ha ha value guru kenna not figure out why company want to give back to its shareholders ! earlier they bitch no dividend now can get 8% on rps and still BITCH. Get free warrant BITCH. Insas share triple BITCH OF COURSE ! No pleasing some people.
No dividend also salah, now got free warrants also salah, get 4% pa also salah......wait share price naik to rm2 also salah.....hmmmm.....apa u mahu lagi?
honestly i buy more and more. all i can. now get feeling i am getting richer by the minute. just imagine insas goes to 2. warrants be at least 1 each that be 2+1+1 or FOUR RINGGIT !!!!!!! who can be so dumb not to wan ? oh wait ! value guru that's who !!! maybe he gimme his warrants for free ? ah ha ha ha ha ha ha ha ha ha ha ha ha ha
wow so much emotion already and finger pointing ... yes call me dumb for all i care ..... i'm thankful to those who sold the shares so cheap to me last year ..... hahaha
This is how smart major shareholders make their money from corporate moves like this. Not just ask the market makers goreng their shares. Well done Dato' Thong!!
sorry valueguru but anytime you get not one but TWO IN THE MONEY WARRANTS for FREE it is indeed manna from heaven. Too good to be true. I ken understand why you are so bewildered.
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Alex Chan
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Posted by Alex Chan > 2014-07-29 23:01 | Report Abuse
Anything is possible