Sifu Leno. Their argument is buying RPS from open market at < $1. Since RPS can be used as token to ex warrant, capital gain can be realized much earlier. No need to wait for 5yrs. If I m planing to convert my warrant, & I managed to grab RPS at 90sen, I can have immediate 11% capital gain.
if u buy rps from open market .. than where u get your warrant leh? u dun have warrant if u buy rps from open market mar. Now, let's say u buy 1 rps at 90 sen. Then u still need to buy one warrant at how much leh ? 10 sen ? Then u surrender your 90 sen rps + 10 sen warrant to get 1 insas share that worth 79 sen ? Why u wan to spend rm 1 to buy something u can get at 79 sen at open market ?
If we subscribe we are entitled 1 RPS 2 warrants. We still lack 1 token, sifu. We get that from open market. Lets say the mother share turned bullish and we decided to buy warrant in open market, we need more token.
OMG this guy... Of course anything there is a chance to go bearish and there is a chance it will go bullish. The discussion for those that see value and opportunity in th corporate exercise. It is also for people who are bullish. If you aren't bullish then you won't buy. If you are bullish then you will see great value at current price. That's market for you...
I think our friend Leno used to call himself the King of Insas. And he did mentioned this stock is not for everyone using his wisdom. And now seem like he has been dethroned as a King and address all of us as donkeys. What a shame...
Posted by leno > Mar 13, 2014 02:59 PM | Report Abuse
hahahah ... that's wat separate amateur and the super-intelligent me mar ... i was the king of analabs which i bought 80 sen and sold off RM 1.84 ... INSAS my average less than 40 sen .. and haven't sold a single share lor. Why i still not selling leh ? Because now i AM the KING OF INSAS. Dun play play hor ...
Posted by leno > Mar 13, 2014 03:53 PM | Report Abuse
there are many type of players mar ... some want to make money and dun care about boring, some want excitement but pretend to say want make money, some want excitement but think they wan make money, some always lose money but dun mind one; So insas definitely is not for every one mar ... onli for those wan make BIG BIG money and FAST FAST one lor ...
Why would RPS holder sell at < $1 when it can be redeemed at $1 anytime or convert to Mother share with the free warrant ( still left with 1 warrant from the 2 foc ).
why are you all arguing so much about the warrant mother rps.. all wants be king.. simple, who can get oil price back up or at least stop from falling is really king.. haha, sorry for my nickname, i guess i stand guilty as charged!
Saya tahu... tapi with insas having a future as inari have a future... kan possible in the short term the rps and the warrant trade at higher than their sum?? Or kata lain out of money in the meantime? ?
in the long run ada chance harga turun jugak ... last time wa beli 50 sen jer .. kakakakakakak ... lu rasa boleh turun sampai 50 sen balik tak ? last time ada olang kata tak mungkin turun sampai rm 1 ... sikalang sulah 79 sen ... hahahahah ... jangan kata tak mungkin hor ...
There is no rights share. There is only rights to RPS which is not convertible to share. So there won't be adjustment on the mother share after ex-date. Insas will remain the same before and after ex date.
RPS is like an IOU and can be traded. No impact on Insas share price. No adjustment. Warrants are just sweetener for you to subscribe to the RPS. Bottom line after ex date Insas share price will not changed.
Any gain in warrants after taking into account the price of RPS are either a gain/loss overall after the corporate exercise. It's your take whether you will gain or loss after having the mother share. RPS and warrants when the corporate exercise completed.
waktu wa beli insas 50 sen ... ekonomi jauh lebih baik dari sekarang lor ... dengan erti kata lain ... INSAS LIMA PULOH SEN ! LIMA PULOH SEN ! LIMA PULOH SEN !!!
If price less than 1.00, warrent not value, rps 1 year 4% better put in FD. Now i only hope director buy back the share can maintain at current price. If drop to 50 sen need rise 100% back to 1.00!!!
Thanks for the information about the RPS can be used as cash to convert the warrant to underlying share at its face value. This is a very good piece of information.
Your information and explanations for the corporate exercise for Insas throughout this thread is very valuable for anyone interested in investing in Insas with its proposed corporate exercise.
Remember the so called free warrant is not free! it will eat into the mother share prices after expiry... therefore, if the RPS + 2 free warrant cases happen, u will see Insas mother shares trade well below 1.00...perhaps close to 0.75...(depend on the listed prices of the warrent)...Do take note on this.... For sure, if insas continues to to trade below 0.8, the interest for investor to subscribe the deal is much reduced...
rubbish. the dilution from the warrants is trivial because they will only be exercised if the company is doing well and the price rising which will ameliorate any effect. Besides it is also being compensated for now with the share buybacks !
gweilo, u r wrong... Do u ever experience this so called RPS + free warrant issue before??? kikikikikikiki... i kena few times lo... ocoz know... the worst one is the BJ Corp...in 2012... dun trust me? u can hold on...and see... dun simply say RUBBISH!... end up u will hold the RUBBISH all the way! share buy back wont help u!...
Remember if the Insas share prices af the deal still trading above the 1.00...and let said 1.10... all shareholder will exercise the warrants early and cash out... then the 5 year period of expiry will not work...and Insas may have sharp abjustment due to this...kikikikikikikiki... still same... THROW all bf the exercise... this is my advice.... u can still masuk la..at this point with the hope tht it will jump up bf the exercise...
selloff is NOT related to share buy back ! It's related to OIL price and most of malaysia debt being in US dollars which is now strong and Ringgit weak and put Malaysia in rough spot financially. the ENTIRE market is down. why you think the universe revolves only around Insas ?
The gap to RM1 already indicated the validity of the corporate exercise. Expansion on current businesses? Who would expand when the economy slows? Suicidal strategy
Mililia, my understanding is exactly as you. I've been waiting, waiting and waiting for ex-date of RPS right, planed to RPS-OR when nobody is interested...When???? still waiting, cheers.
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Posted by Johnnys > 2015-01-05 20:06 | Report Abuse
just started buy in since last week, hope can hold at current level another week to let me accumulate more.