Because Inari already flying sky high, naturally Insas should move. However, I wonder why this Company made losses last quarter (from investment) ... There is lack of disclosure in the annual report / announcement as to what kind of investments were made and the related costs vs. market value. I once looked into this company, but after that decided to let go, not my cup of tea.
i was also monitoring this company, but got put off by their unclear investments business and highly erratic earnings. Also the lack of a regular divvy.
This is a company which I find it difficult to understand. It has difficulty in generating a consistent return on its capital. Then isn't it easier for Insas to buy back its shares asap. Yet since the 2012 agm, with the mandate to buyback 69 mil shares, it hardly did anything until recently. This company has been hoarding cash to the dismay of it minority shareholders.
how many shares sell way below book value ? how many are loaded with cash and in the position of insas ? this thing could double, triple, quadruple and still be cheap !
A possible deal with Khazanah has brought in strong buying interest in Inari, while on a much milder level, the smart money seems to be on Insas — Inari prime mover Datuk Thong Kok Khee’s public-listed flagship company.
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 !!!
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Posted by Avocado_C > 2013-10-01 16:08 | Report Abuse
Because Inari already flying sky high, naturally Insas should move. However, I wonder why this Company made losses last quarter (from investment) ... There is lack of disclosure in the annual report / announcement as to what kind of investments were made and the related costs vs. market value. I once looked into this company, but after that decided to let go, not my cup of tea.