Like I said earlier reason insas not rise much yet is cause it still be months away and several approvals needed beforehand so nobody gonna tie up themselves until it be a sure thing. Once it is it gonna skyrocket cause it be free money manz !
What I wrote 8 months ago. Please check my track record against prices now.
Nov 26, 2013 10:04 PM | Report Abuse
I can oso see MPHBCAP at RM 3 in a year or less. These are my two favorites at the moment. Taitai oso own E&O which suffer a bit from the budget but again I see RM 3 in a year or less based on what they have going in Penang, She Oso keep Media Prima and Magnum for dividends. She gonna dump mrcb, johan, uems and put proceeds in Insas, Mulpha may keep it as not be doing nothin but ya know i got dis feeling about it surprising her. dunno. maybe she oso dump it and put in mphbcap.
the chart looks fantastic the news is all positive and the share buyback is just beginning in earnest. i've rarely seen such convergence of reasons to buy a share especially one selling at 35% of its nav and with tones of cash and short term investments! it's like a GOLD mine !!!
Oh and yeah now both mrcb and uems seem to have got their s*it together and will move too by end of the year. I don't like these companies but when they move they really move !
WELLCOME to all the today new INSAS shareholders who bought insas at 1.25 and 1.26 ... please show your ticket and sit at your place pending your position. If u are slaves ... please proceed straight to the kictchen ... those jump in as soldiers .. go to front of ship and and shout INSAS CANTEEEKK ! INSAS CANTEEEKKKK !! Those pretty pretty one ... can follow King Leno into private room to do some exercises ....
5 shares will become 8 shares in near future... I think will dilute some earnings but since Insas already trading at super low PER of 6, even if Insas stay at RM1.25, possibly looking at RM0.25 discount on RPS + 25cents (x2 = 50cents), still stand to make some money in the long term.
the RPS is not convertible, not without 1 warrant.
''5 shares will become 8 shares in near future'' is not correct
*5 shares will become 7* shares in a long* future ( 5 years ) is more likely
because nobody will assume those insas-wa holders will convert to mother share immediately at the time it get list on open market, so there will be no immediately dilute in insas earning.
let assume the nearly impossible scenario, all the insas-wa holders convert to insas mother share right after insas-wa get list, it is still a good news, because the company have more money to deploy, and probably make a much bigger return to enhance the value of insas.
insas ceo, dato thong have 25% stake in insas, i dont think he will issue this right and fork out 25% of the RPS, just to rip himself off.
if you choose you can turn in your rps and 1 warrant and get a share of Insas for what amounts to RM1 (the initial cost of the RPS). Then you could sell the other warrant for a capital gain of say 25 sen (maybe more or less depending on price of insas) to further offset the rm1 price of the Initial RPS. This means net cost of RPS be 75 sen. So net net you get 1 extra share of Insas for every 5 you own for 75 sen (a 50 sen discount) with this strategy.
I dunno what I will do. Maybe sell the RPS and buy more warrants with the proceeds as warrants will go up in price with Insas sen for sen so more gearing for gains..
frenly advise from leno the most panlai investor ... dun think too much. Insas intrinsic value is more than RM 2 ... that's is all the matter. Full stop. Other things will fall nicely in place when the time come. Meanwhile just go running chasing ah moi riding bicycle. Nice !
Introducing MY's First IPO Fund for Sophisticated Investors!
MQ Chat
New Update. Discover investment communities that resonate with your ideas
MQ Trader
M & A Value Partners IPO Equity Fund has been launched - Targeted 13% Return p.a
Latest Videos
0:17
New IPO: Building management systems (BMS), solar thermal systems and energy-saving services provider, Solar District Cooling Bhd aims to list on the Ace Market!
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
gweilo
1,086 posts
Posted by gweilo > 2014-07-30 15:02 | Report Abuse
i told you long ago not to try and play games wif insas or you will lose. buy it and forget it and you will later wake up a rich man.