most people when they make negative comments about a share, their aim is to make the price drop and then quietly buy back. Otherwise generally the person who have sold the counter normally just move on to other counters because they have no interest in that counter anymore and say all the best to others. At the end, we make some and hold some or lose some but we should hope for the best for ourselves and others. We are not right all the time or wrong all the time( I hope). haha
sold off all insas & wb today and move on good luck to those still holding company with so much assets and cash the bad guy t doesn't consider to benefit shareholders just too bad
To play safe, shift WB into mother share. Because if after 2.5 years,INSAS is still 1.00, WB will be 0.00 To win, the first thing is not to lose. If INSAS is 1.40, WB will be about 0.40.
hope dont have much ppl using margin to buy above 1.10 1.00 .. later easy kena margin call .. haha That time i enter .. ! i wait for margin call or panic selling
@TheContrarian the additional amount paid to IPIC is RM 40 millions.Sigh:-(((
Questions asked:
Q1 : Within two weeks the additional amount to be met is RM 40 millions.Big sum of money!.Can send 40 students to pursue medicine studies in United Kingdom for five years,as an example.Isn't the power-that-be has a strict fiduciary duty to ensure that such repayment obligations as mutually agreed is paid on time! Q2 : What is the reason for the delay and failure in meeting the repayment obligation? Truth has to be revealed.The investing public can perceive correctly it is not the "technical matter" that caused the payment not to be met.Government has available huge resources at its disposal to ensure such matter is settled.Thus there are other reasons behind this saga? Q3.Was there a failure on the part of the duty holder whether individually,seperately or collectively in discharging such an important duty on repayment exercise? If so,then the person(s) has/have to be surcharged and action taken against him/them. Q4: Was proper attention duly given to the repayment matter? The failure has the negative repercussions apart from additional charges-interest but also dented the country's standing in the eyes of the sovereign bonds holders. Q5: Where is the source of the fund received for such repayment?
Outcome: More clarity on the repayment exercise is owned to the citizens and investing public.We would like to be properly informed.
Yes Fabien, that's only Insas' ownership of 20% of Inari. There are other businesses such stockbrokering,leasing, electric cars, fintech, food & beverages, fashion, construction via Ho Hup, shares in SYF Resources and lastly RM500,000,000 cash.
Posted by TheContrarian > Aug 12, 2017 03:20 PM | Report Abuse
Yes Fabien, that's only Insas' ownership of 20% of Inari. There are other businesses such stockbrokering,leasing, electric cars, fintech, food & beverages, fashion, construction via Ho Hup, shares in SYF Resources and lastly RM500,000,000 cash.
For Insas you must also consider the large number of Remisiers working for M&A Securities owned by Insas.
So much watch trading in KLSE carefully.
Last time daily turnover was over 3 billion shares a day. Now with money game cash locked up or suspended trading volumes has dwindled to 1.3 billions to 1.5 billions daily.
So if trading volume picks up - Insas will still move up. Just watch this closely. Same applies to TA, OSK, Hwang, KAF and Kn Kenanga
gcke, the money came from China. 1MDB doesn't have the money to pay. The original bond amount has been diverted and whatever residue left has been frozen by overseas authorities.
Introducing MY's First IPO Fund for Sophisticated Investors!
MQ Chat
New Update. Discover investment communities that resonate with your ideas
MQ Trader
M & A Value Partners IPO Equity Fund has been launched - Targeted 13% Return p.a
Latest Videos
0:17
New IPO: Building management systems (BMS), solar thermal systems and energy-saving services provider, Solar District Cooling Bhd aims to list on the Ace Market!
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
goodguess
294 posts
Posted by goodguess > 2017-08-09 13:22 | Report Abuse
most people when they make negative comments about a share, their aim is to make the price drop and then quietly buy back. Otherwise generally the person who have sold the counter normally just move on to other counters because they have no interest in that counter anymore and say all the best to others. At the end, we make some and hold some or lose some but we should hope for the best for ourselves and others. We are not right all the time or wrong all the time( I hope). haha