RPS is redeemable preference shares and is not convertible. Issued at par value of 1 sen to avoid paying excessive share capital registration fees to ROC. Issued at RM1 and redeemable in February 2020 at RM1. Pays 4 sen dividend per annum at half yearly intervals.
Making money in stock market is all timing. Best time to buy is when it's so cheap it defies logic, when others are fearful, when hopes appear lost. First rule in investing : Never lose your capital. Second rule : Always remember the first rule.
Insas balance sheet is a bit misleading. It shows the Inari shares at around 55 sen per share. This is because Inari is classified as an associated company and therefore treated as long term investment.
Posted by TheContrarian > Feb 11, 2017 11:50 AM | Report Abuse
Insas balance sheet is a bit misleading. It shows the Inari shares at around 55 sen per share. This is because Inari is classified as an associated company and therefore treated as long term investment.
Insas remains my worst performing counter my portfolio of counters bought before New Year's Day giving me only a gain of around 25% while others have all exceeded 30% up to 90%.
I do not argue that it is not Low Risk. It is ok. There are unexpected and hidden risks even in good stocks. I am always ready for the worst although expecting the best outcome. RicH is my name.
The price just went up 0.88, seems like RicH got a point, I will hold a bit longer although meet my own TP. Huat together, slogan applicable for Insas although pass CNY.
IMHO, any counter at 52week high always consider High risk, maybe Insas is a bit exception due to good NTA vs price and well diversified. The recent diagram miss out 2 profitable business i.e. Gleneagles hospital and import permit for Tesla electric car, a point to consider holding longer. Huat together.
Although Insas closed up only 2 sen because probably stale bulls who bought in 2015 were selling, the warrants went up by 2.5 sen. There's a bullish signal. Syndicate buying up the warrants. I also have some warrants which I bought last week at 22.5 sen.
I joined i3investor forums as a registered member only a year ago. Prior to that I was merely an observer reading comments, but couldn't comment myself. It was so sad to see so much misinformation which led so many people losing money. Now whenever I see an inaccurate information I attempt to correct it. After all the purpose of stock market forums is suppose to disseminate useful and reliable information not bullshit.
There are many other undervalued counters with valuable landbanks not reflected in the share prices, so many. But what attracted me to Insas is its 20.7% holding in Inari comprising 402,411,300 shares but reflected as a mere 55 sen per share in its balance sheet. And Inari shares are so easy to monetize because almost everyday for months EPF, KWAP and a lot of unit trusts were accumulating Inari and still do. Each time Insas sells a million Inari shares it will make a gain of over RM1.3 million at current market price of Inari.
I just went through Insas last audited balance sheet @ 30/6/16. Apparently someone has been saying Insas has a messy balance sheet and no money. There was current liabilities of RM330 million. What "shocked" me was there was fixed deposits and bank balances of RM450 million.
That's why I have been saying the directors don't share the wealth of the company with the shareholders. A miserable 1 sen dividend amount to less than RM7 million.
To those who have 'made' money from market, congratutions. Good to help u poor relatives and charity to unrelated people. For those not yet made it, must work hard, observe and practice u skills to improve. Happy investing and trading.
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paperplane2016
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Posted by paperplane2016 > 2017-02-11 01:38 | Report Abuse
723mil inari values