Piggy gweilo, come to think of it... you still have money meh? all your investment are at loss... so those who follow gweilo, carefully read what he has posted, he stated that "Great opportunity ! I bought another million shares ! 11/12/2014 17:01 " Don't be fool by him, he is not a reliable investment pig...ha ha ha huii!!!huii!!! huii!!!
Globalists. Soon the shite will hit the fan and dollar collapse and game is over. I figure we have 1 or 2 more rounds of euphoria first though. But, I could be wrong.
Posted by AhMoi > Dec 12, 2014 02:28 PM | Report Abuse X
Buying a share just because of its high NAV when you are not the controlling shareholders is just like......
ya, your papa is a multi millionaire but he is just 45 years old...... so, yes, you are a rich guy, on paper, yes, but you are not going to be able to lay you hands on those millions in a long long long long time, until and unless your papa says yes...
Misguided.... those who are asking you to buy this kind of share
we imagine that this gweilo pig bought another million share today, so his average will now be 60 sen... he will bankrupt very soon and can be a Pig butcher very soon... ha ha ha... ha ha ha huii!!! huii!! This is not Buffet Warren type of investment, this is Piggy Buffet investment ha ha ha huii!!!
Piggy gweilo, after market close just tell us how much you bought your 1 million insas shares... and tell use your latest average too... ha ha ha huii!!! huii!! ha ha ha huii!!! huii!!
USA wants to destroy the world. All this caused by them. 18 TRILLION in debt and everybody printing money like there is no tomorrow. That will be a self fulfilling prophecy. This is going to be the mother of all crashes. BUT I don't think it's now or happening yet. There will be at least one more round where the Fed starts printing again and markets hit all time highs. That will be the time to get out of everything. IMHO that will be in 2015 or 2016. Not now. This market will recover.
Stay calm .. I'm still look good will break 1.36 for mid term .. Rights issue $1 free 2 warrants every 5 lots .. Director buy back until 1.06 .. 1 cent dividend propose.. Nta 1.8 .. Inari / ho hup / syf .. Earning is good in 2015 .. Somemore another Y.A.M tengu puteri as a direction .. I think is pahang raja members ..
On 25 July 2014, the Company proposed to undertake a renounceable rights issue of up to 138,666,727 redeemable preference shares of RM0.01 each (“RPS”) together with up to 277,333,454 free detachable warrants (“Warrants”) on the basis of one (1) RPS and two (2) Warrants for every five (5) existing ordinary shares of RM1.00 each held in the Company at an issue price of RM1.00 per RPS (“Proposed Rights Issue with Warrants”).
My questions:
What is the meaning of RM0.01 in "RPS of RM0.01 each"? If I have 1000 Insas shares, then I have to pay RM200 for the RPS (200 shares) and 400 warrants for free. Am I correct? What is meant by "redeemable preference shares"? Thanks.
Rm0.01 is the par value (I guess). Can refer back to balance sheet see if common share par value = Rm0.01. Ratios are correct. Interest rate 4%pa payable semi annually for your infor. Definition of redeemable preference share: a preference share which must be bought back by the company at an agreed date and for an agreed price.
SS661M, Do you know the agreed date and agreed price? As a shareholder, can we choose not to take up the rights issue? If I preferred not to take up, so what should I do to the shares I'm holding? Any ex-date for the rights issue?
Agreed date is 5yrs from ex date, which is not announced yet. It's just like FD. After 5yrs Insas buy back the share from you at cost. You dun subscribe you dun get free warrant, that is it. No obligation.
Who would subscribe to the right now at RM1.00 when the shares price is only at 83sen.??? Few options available....1. KIV the proposal...2. Adjust subscription price....or 3. Push the share price up above RM1.00. Pls tick the right answer...lol!
share price really have nothing to do with rights. warrants are still free and convertible at rm1 for 5 years, most warrants issued are out of the money so insas would be no exception. RPS still pay interest on rm1 and redeemable at rm1. so it dun affect anything or anyone except speculators looking to get free warrants and sell immediately for profit. That is not the objective of the exercise. The objective is to attract INVESTORS. I am still buying mine regardless of the share price. if it make ham sub sandwiches very unhappy. Good.
gweilo. The question is which one is primary investment & which is secondary. If the secondary investment (loan stock) is more costly than the primary (mother share), isn't is sounds weird? I'd tick option 1 (KIV), and I m pretty sure Insas's management will do the same.
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Posted by hamsubchai > 2014-12-12 07:59 | Report Abuse
Piggy gweilo, come to think of it... you still have money meh? all your investment are at loss... so those who follow gweilo, carefully read what he has posted, he stated that "Great opportunity ! I bought another million shares ! 11/12/2014 17:01 " Don't be fool by him, he is not a reliable investment pig...ha ha ha huii!!!huii!!! huii!!!