Posted by leno > 2017-10-24 09:01 | Report Abuse

2017 AR will be release on 31 october everi year ... lu mana sikolah lulu ? INSAS CANTEEEEEEEEEEEEEEEKKKK !!!

Posted by Alkwong > 2017-10-24 09:41 | Report Abuse

leno, thanks for the information. No need for insults, people could say you have poor upbringing.

Posted by leno > 2017-10-24 09:49 | Report Abuse

u are insulting me now ... u have poor upbringing ... INSAS CANTEEEEEEEEEKKKKK !!

Posted by Alkwong > 2017-10-24 10:39 | Report Abuse

leno, lu mana sikolah lulu ? Your poor Malay reflects on you.

Posted by leno > 2017-10-24 11:39 |

Post removed.Why?

Posted by Hengyuan: SEXY BABE RM21! > 2017-10-24 12:09 | Report Abuse

leno the joker.

Posted by Muthusamy > 2017-10-24 13:21 | Report Abuse

HAHA INSAS MEMANG CANTIIIKKKKKKK ONE. GOGOGO

Posted by TheContrarian > 2017-10-24 18:40 | Report Abuse

Alkwong, it's leno's style of writing. She is a decent lady and doesn't mean any malice. She has the largest shareholding in Insas among the people in this forum.

Posted by leno > 2017-10-25 08:56 | Report Abuse

morning COMRADES !! INSAS CANTEEEEEEEEEEEEEEEEEEKKKK !!!

Posted by Alkwong > 2017-10-25 10:37 | Report Abuse

Contrarian, leno's a lady, no, a female? Maybe she's a CANTEEEEEEEEEEEEEEEEEEKKKK tranvestite. OK, I think I can take the nonsense now you have given me a clearer picture.

Posted by leno > 2017-10-25 14:29 |

Post removed.Why?

Posted by Alkwong > 2017-10-25 14:54 | Report Abuse

Anyone knows when company will announce 1Q results?

Posted by Alkwong > 2017-10-25 15:22 | Report Abuse

3101575000, I tried to download the linkhttp://tradingandpsychology.blogspot.my/2015/04/insas.htm/ in Mandarin but this message appeared "Sorry, the page you were looking for in this blog does not exist"

Posted by goofy8020 > 2017-10-25 15:44 | Report Abuse

Alkwong, last year was announced on 2016-11-23. So, I think this year Q1 report will also announce around 2017-11-23.

Link: http://tradingandpsychology.blogspot.my/2015/04/insas.html

Posted by leno > 2017-10-25 15:52 | Report Abuse

tis alkwong keep asking c2peed question .... must be newbie ....when date where to download also dunno .... ptui ! INSAS CANTEEEEEEEEEEEEEEKKKK !!! Must ATTTAAAACKKKKK !!!

Posted by Alkwong > 2017-10-25 16:11 | Report Abuse

Thanks, Goofy. Now until Nov 23 is almost a month, lots of time for the Thongs to spread rumours to generate speculator interest.

Posted by TheContrarian > 2017-10-26 13:53 | Report Abuse

Today so quiet here.

Posted by Alkwong > 2017-10-26 14:38 | Report Abuse

OK, guys, thanks to Goofy 8020’s link to the document written in Chinese on 15 April 2015 and Insas AR2016, my take is as follows:

1 Insas PA + 1WB can be surrendered for conversion into 1 Insas ordinary share.
1 Insas WB + payment of RM1.00 entitles the warrant holder to convert his warrant to 1 Insas ordinary share.

Insas PA is today trading at around RM0.97 and Insas WB at 0.39

It is small wonder why none of the 256+ mllion warrants have to date not been converted into ordinary shares. Which fool would convert into a share worth around RM1.00 today when he can sell the PA and WB for a combined value of RM1.36?

The writer wrote about the 2014 AGM in which minority shareholders vehemently resisted the passing a resolution for directors’ fees amounting to RM60,000, which was dropped. The writer’s contention (an erroneous one, I think) was that that led to Thong Kok Khee accumulating more PA and WB so that he, if needs be, could converted that into ordinary shares and have the increased voting power to overrule objections to the resolutions he wanted pass.

I say the writer was erroneous in his conclusion because Thong has enough voting power even in 2014 to ram through resolutions. AR2016 stated Thong, his brother and M&A equity stakeholdings as follows
1. Dato’ Sri Thong Kok Khee * 166,064,962 25.05%
2. M & A Investments International Limited 124,420,289 18.77%
3. Dato’ Thong Kok Yoon ** 74,203,648 11.19%

I think Thong relented at the time because of minority shareholders’ wrath over the poor performance of the share. Even this year, compared to a lot of other counters, Insas is still a poor performer. And that is so, I think, because the directors were more busy doing things to ramp up Inari shares when they could have done the same things to ramp up Insas shares.

Posted by leno > 2017-10-26 15:14 |

Post removed.Why?

Posted by TheContrarian > 2017-10-26 15:45 | Report Abuse

Aikwong, Thong and his brother collectively owns 32.96% of the ordinary shares of Insas.

Posted by Kranken X > 2017-10-26 15:46 | Report Abuse

at Rm 1 hopefully nobody will sell.or he can take private at cheap price.

Posted by Alkwong > 2017-10-26 16:52 | Report Abuse

Contrarian, it's more than that, you have not figured in what his son and daughter, who works in Insas, and his other family-controlled companies own.

Posted by Alkwong > 2017-10-26 16:55 | Report Abuse

Insas directors are generous with themselves and their family members but stingy with minority shareholders. A 1 sen dividend a year is miserable and they might as well offer minority shareholders a good price and take it private.

Posted by Alkwong > 2017-10-26 18:56 | Report Abuse

Contrarian, what I wrote above about Thong's Insas shareholdings I got from AR2016. Go read.

Posted by TheContrarian > 2017-10-26 19:08 | Report Abuse

Go read page 179. Thong, his wife, children, his brother, his brother's wife and companies controlled by them own a total of 32.96%. Read on page 179. Your copy has page 179?

Posted by Alkwong > 2017-10-26 20:22 | Report Abuse

Contrarian, this is what I copied from Page 179
After (I) and the Proposed
Share Buy-Back(3)
Direct Indirect
No. ofShares Shares %
Substantial shareholders
Dato’ Sri Thong Kok Khee (4) 8,089,278 0.94 244,295,254 28.32
Dato’ Thong Kok Yoon (5) 60,702,337 7.04 42,859,541 4.97
Total 33.29%
If Insas did go ahead with the proposed buy-back proposal, that should have triggered a GO.

Posted by TheContrarian > 2017-10-26 20:30 | Report Abuse

Everyone on this forum has known about this since late last year. I have pointed it out so many times already.

Posted by Alkwong > 2017-10-26 20:41 | Report Abuse

Contrarian, what you are referring to is a proposal. Whether it really implemented may be sourced from AR2017. It was the position as at 30 June 2016 we should be concerned about. Just because everyone on this forum has known about this since late last year and just because you have pointed it out so many times already doesn't mean it's correct. I deal with actual situations, not proposals which may or may not have happened.

Posted by TheContrarian > 2017-10-26 21:41 | Report Abuse

The whole ANNUAL REPORT is full of shit then. Insas doesn't own a single share of Inari. There's only five ringgit in the bank account. Hahaha.

Posted by Alkwong > 2017-10-26 21:57 | Report Abuse

I didn't say that, you did. Hahaha!

Posted by Sslee > 2017-10-27 09:07 | Report Abuse

Dear TheContrarian,
I have seen many listed companies in Bursa where the major shareholder is holding more than 33% without the need of an MGO.
Dato' Sri Thong can apply to Bursa to waive the MGO if he want to increase his shareholding to above 33%. It this correct?
Thank you.

Posted by TheContrarian > 2017-10-27 09:24 | Report Abuse

Yes Mr sSlee, a waiver could be sought from the SC (not Bursa) but there must be valid reason for such waiver to be granted example due to some injection of assets into the Company in a rescue of the a distress company. The objective of an MGO is supposedly to give minorities a fair deal. Sometimes 33% is breached at very low price like in Dataprep and Willow recently and although there was an MGO it was way below the market price.

Posted by TheContrarian > 2017-10-27 09:34 | Report Abuse

In Thong's case, he is unlikely to get a waiver. If there's no waiver he is obliged to make a Mandatory General Offer to all other shareholders and although at a low offer price no one is likely to accept he Must Show Financial Capability to SC that he can undertake the MGO, meaning he needs to show ge has the financial means in the form of actual cash to pay or bank backing to lend him the money to pay. We can't have an MGO where the offeror doesn't have the money to pay!

Posted by TheContrarian > 2017-10-27 09:36 | Report Abuse

Anyway Mr Sslee, what we are counting on you at the AGM next month is to request for a much higher reasonable level of dividend rate. I believe many minorities will attend to give you morale support.

Posted by 3101575000 > 2017-10-27 09:50 | Report Abuse

Well said :TheContrarian

Posted by TheContrarian > 2017-10-27 10:06 | Report Abuse

Mr Sslee, the focus should be on a higher reasonable dividend rate. If Insas starts paying reasonable dividends a new breed of shareholders will buy for the stable reasonable dividends and indirect exposure to Inari and this will lead to higher sustainable market price which will benefit every shareholder including Thong himself.

Posted by Alkwong > 2017-10-27 11:32 | Report Abuse

Ask for at least 5 sen dps. That should help lift the Insas price to RM1.20.

Posted by Kranken X > 2017-10-27 12:26 | Report Abuse

my 2 sen ..dont be fooled by the low price..the company is red hot to be taken over at this price..if other bigger funds got appetite for arbitrage .

Posted by TheContrarian > 2017-10-27 14:00 | Report Abuse

It's not easy to launch a hostile takeover because Thong owns a lot of warrants which he can exercise anytime as a defensive strategy to ward off any takeover.

Posted by linges > 2017-10-27 15:15 | Report Abuse

Queuing for 37.5c from morning...hope match :))

Posted by TheContrarian > 2017-10-27 17:12 | Report Abuse

37.5c no match today.

Posted by StockKeeper > 2017-10-27 17:13 | Report Abuse

Don't worry Next week can match

Posted by linges > 2017-10-27 17:25 | Report Abuse

Budget goodie for warrant player:

Exemption of stamp duty on contract notes for transactions of Exchange Traded Funds and Structured Warrants over three years from Jan 2018

Posted by linges > 2017-10-27 17:45 | Report Abuse

Yeah just checked...no match..

Bila price drop x bullet...bila ade bullet x match :(

Posted by TheContrarian > 2017-10-27 18:41 | Report Abuse

It's on structured warrants i.e. call warrants not company's own issued warrants.

Posted by dunspace > 2017-10-27 18:42 | Report Abuse

price will gravitate to value

Posted by TheContrarian > 2017-10-27 18:43 | Report Abuse

Savings on stamp duty only RM1 on every RM1,000. Not much.

Posted by linges > 2017-10-27 18:43 | Report Abuse

Oic...thanks TheContrarian :))

Posted by TheContrarian > 2017-10-27 18:44 | Report Abuse

linges, always keep some cash to take advantage of big one day drops in the stock market.

Posted by TheContrarian > 2017-10-27 18:50 | Report Abuse

Today Tenaga share price shot up so much because of improved dividend payout policy despite lower EPS. If Insas announces an improved dividend payout policy the share price will easily go up.