Posted by Skliew > 2017-05-16 23:59 | Report Abuse

INSAS though only owns 20.7% of INARI, is the controlling major shareholder

Posted by TheContrarian > 2017-05-17 00:22 | Report Abuse

Why are they so nice declaring dividends every quarter at Inari while so stingy at Insas?

Posted by latlut > 2017-05-17 00:23 | Report Abuse

that's the problem. dividend should be more.

Posted by TheContrarian > 2017-05-17 00:36 | Report Abuse

1 sen dividend annually is less than RM7 million. And Insas has RM500 million cash in bank and FD.

Posted by Skliew > 2017-05-17 00:41 | Report Abuse

In the last AGM, someone asked for more dividend, was told that the company conserved cash for expansion. Tesla was mentioned.

The wording of the last dividend was different. It is called FIRST INTERIM DIVIDEND instead of the usual INTERIM DIVIDEND.

Wonder if there could be surprise with SECOND INTERIM DIVIDEND in the coming QR announcement?

Posted by Davidl > 2017-05-17 08:31 | Report Abuse

Price could shoot up anytime now!

Posted by trader8899 > 2017-05-17 08:54 | Report Abuse

We have a very good earnings confirmation from Inari last night. Would that be enough to convince the institutions to enter the market. Insas has about 51% float and 300 million shares for public trading. So far volume less than 10 million. Can it break the 10 million mark..?

Posted by Skliew > 2017-05-17 09:09 | Report Abuse

http://www.theedgemarkets.com/article/insas-jumpstarts-electric-tesla-leasing-business

TESLA LEASING BUSINESS
ANOTHER POTENTIAL FUTURE EARNINGS DRIVER

Posted by leno > 2017-05-17 09:18 | Report Abuse

HAHAHAHAHAH ... told u all mani mani time .... INSAS CANTEEEEEEEEEEEEEEKKKK !!!

Posted by TheContrarian > 2017-05-17 09:34 | Report Abuse

By August it will be dua ringgit. Look at OSKVI today. Gap up

Posted by TheContrarian > 2017-05-17 09:40 | Report Abuse

OSKVi reported 7.47 sen Boeing EPS in latest QR and the share goes gap up, now up 12 sen.

Posted by Skliew > 2017-05-17 09:41 | Report Abuse

Hopefully, on QR announcement it will gap up!

If this QR can deliver 8sen as projected by The contrarian, EPS for 9 months would be 20sen !!!

Walaoyeh!!! :)

Posted by Skliew > 2017-05-17 09:48 | Report Abuse

Duit expect market bottom in August?

Posted by lloydlim > 2017-05-17 10:02 | Report Abuse

Time to accumulate now!

Posted by Skliew > 2017-05-17 10:03 | Report Abuse

Why Aug? FD mature in Aug? :)

Posted by TheContrarian > 2017-05-17 10:37 | Report Abuse

Eh, OSKVI not property developer! That's OSK the one with property to develop in Australia.

Posted by TheContrarian > 2017-05-17 11:21 | Report Abuse

Way back in November when Insas announced its 1st QR EPS of 8 sen, the share price eventually crashed to 68 sen when I managed to buy my 4th tranche of Insas shares, that was the last time I bought. Since then have been accumulating only the warrants.

Posted by Skliew > 2017-05-17 11:27 | Report Abuse

Haha! Thecon, not crash lah! The market was bullish at the opening following the announcement and market opened gap up, at the resistance price of 75sen, gap up, then the selling was overwhelming and finally drifted to 68sen on T+4 subsequently.....The overall market was bad the last November... :)

Posted by Skliew > 2017-05-17 11:31 | Report Abuse

Inari then was 1.70 (adjusted for 1for 1 bonus)....it has since increased in price by 30% today....:)

Posted by Davidl > 2017-05-17 13:28 | Report Abuse

Uptrend towards 1.40!

Posted by Skliew > 2017-05-17 13:40 | Report Abuse

http://quotes.wsj.com/MY/INARI/company-people

http://quotes.wsj.com/MY/INSAS/company-people

The majority of the directors in the 2 boards of directors of Insas and Inari are the same...5 members are common in the 2 boards...

Posted by Skliew > 2017-05-17 14:02 | Report Abuse

Why different dividend policies?

Inari pays reasonable good dividends...
Would Insas also pay reasonable dividend as Inari...

Posted by leno > 2017-05-17 15:08 | Report Abuse

tick tock ... tick tock ... tick tock ... tick tock ....

Posted by TheContrarian > 2017-05-17 15:43 | Report Abuse

Ya, Insas drifted down to 68 sen in November about a week after QR. That day ringgit/dollar crashed beyond 4.4 and was approaching 4.5. Six months later today ringgit/dollar still stuck at around 4.3.

Posted by TheContrarian > 2017-05-17 15:46 | Report Abuse

Madam leno, what say we form a group and launch a hostile takeover of Insas.

Posted by Skliew > 2017-05-17 15:49 | Report Abuse

It will cost a billion ringgit or more and would still fail to take over...:)

Posted by TheContrarian > 2017-05-17 16:33 | Report Abuse

Madam leno could be stealthily accumulating on her own to mount a takeover.

Posted by notebook > 2017-05-17 16:46 | Report Abuse

leno only have 10,000unit. macam mana take over?

Posted by goodguess > 2017-05-17 16:55 | Report Abuse

suggest insas pay dividend 1 sen every quarter then price go up to 1.40.

Posted by Skliew > 2017-05-17 17:20 | Report Abuse

If INARI every quarter pay 2.2sen dividend per share, in essence insas get 1.335sen per Insas share from Inari. Insas just get the dividends from Inari and pay to shareholders of Insas and still has surplus if she only pays 1sen dividend per quarter! LOL!!!

Posted by Honeymustard > 2017-05-17 21:25 | Report Abuse

Insas canteeek!

Posted by TheContrarian > 2017-05-17 21:41 | Report Abuse

Insas will probably announce its results next week. So those who want to buy before the QR still have time to buy.

Posted by Davidl > 2017-05-17 21:52 | Report Abuse

Accumulation phase 2 almost complete! Price ready to shoot up very soon!

Posted by TheContrarian > 2017-05-17 23:12 | Report Abuse

Insas will probably crash tomorrow in line with the anticipated minor crash in Dow Jones. Ah, buying opportunity.

Posted by Skliew > 2017-05-18 05:15 | Report Abuse

Crash? Isn't it too drastic a word ?
Economic fundamentals against sentiments. Sentiments are temporary. Fundamentals rule at the end of the day.

Posted by Skliew > 2017-05-18 09:25 | Report Abuse

Very resilient! Strong! :)

Posted by vinc3362 > 2017-05-18 09:36 | Report Abuse

Pls go down some more......waiting to accumulate below 90 sen.

Posted by latlut > 2017-05-18 09:45 | Report Abuse

added some at 0.905. insas has been selling syf. this quarter should be ok.

Posted by leno > 2017-05-18 09:47 | Report Abuse

kekekekeeekekekek .... nice.

Posted by vinc3362 > 2017-05-18 10:03 | Report Abuse

We will have a good idea of the support lime after this correction. Will use it as a stop loss level for next uptrend. Cheers

Posted by LuckyG > 2017-05-18 11:25 | Report Abuse

some one press it down pls !!!!

Posted by TheContrarian > 2017-05-18 11:28 | Report Abuse

No one is gonna press down. It's going to be within the same tight range.

Posted by rikki > 2017-05-18 11:40 | Report Abuse

Inari share price has appreciated 38 cts from RM1.66 on 30/12/2016 to RM2.04 on 31/3/2017. This should give enormous 'net fair value gain' to Insas similar to OSKVI.

Posted by Skliew > 2017-05-18 12:00 | Report Abuse

This FY17, EPS surely exceed 20sen ! PE 4-4.5 LOL!

Posted by rikki > 2017-05-18 12:24 | Report Abuse

For fair value (loss)/gain on derivative financial instruments, Insas classify under Other Income.

Posted by Skliew > 2017-05-18 12:28 | Report Abuse

No fair value gains/losses caused by changes in share prices of listed associate companies of Inari , hohup and omesti be reported in P&L but sharing of their operating profits as " share of profits less losses of associate companies ". Investment in these associates only reported in FIXED ASSETS as "Associate Companies". As of 31.12.16 it is RM273,765, 000

The "Fnancial assets through profit and loss" as reported under CURRENT ASSET of RM334million, as of 31.12.16, are short term investments in quoted securities in Malaysia and overseas. The changes in fair values of this investment will be reported as " Gain/Loss in fair value changes of financial assets through profit or loss" in "Other Income" or "Other Operating Expenses"in the P&L account....

Posted by TheContrarian > 2017-05-18 13:52 | Report Abuse

What Skliew is saying is there's no mark to market for listed associated companies. Inari shares in the accounts of Insas is stated at around 55 sen per share. The difference of RM2.15 market value over 56 sen per Inari share is NOT recognized in the accounts unless disposed of.

Posted by lloydlim > 2017-05-18 14:00 | Report Abuse

Time to accumulate!

Posted by leno > 2017-05-18 14:44 | Report Abuse

tick tock .... tick tock .... tick tock ....

Posted by TheContrarian > 2017-05-18 15:20 | Report Abuse

bing, you should average down before QR is released.