major shareholder keeps SELLING Insas so smart investors definitely have NO CONFIDENT anymore........just imagine if your business is GOOD, would u sell your company's share?....SO STAY FAR AWAY FROM THIS COUNTER FIRST!
Not really true ;you see the case Econbhd ,eventhought the major shareholder keeps Selling yet the price of econbhd still continue uptrend !!! I think INSAS will continue up up up :Ha ha ha
INSAS sure UP one .... the concept is simple .... but cannot simply teach ppl one. Wa pun mau cari makan mar ... HAHAHAHAHAHAH ... INSAS CANTEEEEEEEEEEEEEEEKKKK !!!
Not necessary after major shareholder selling, the counter will drop. There are few reason the counter will shot up after major share holder selling.
We all know that Insas and Insas-wb are heavily hold by Dato Thong. Meaning the share floating in the open market are very minimum. From the annual report 2017, we can see that plenty of Small Cap Fund are holding Insas. Normally funds manager will not selling the share one, they will hold for long term. This imply that the "floating" share in the open market getting less and less, so low liquidity. Lower liquidity is bad new for a counter to shot up. That's why Major share holder will release some share to the open market and let ppl "fried". That is one of the reason why for some counter, after major shareholder sell, the counter shot up to the moon. I believe Insas will be the same.
YouBuyIBuy KUALA LUMPUR (Nov 2): Insas Bhd has acquired a 19.91% stake in Diversified Gateway Solutions Bhd (DGSB) via direct business transaction from Omesti Bhd for RM12.83 million cash or 4.75 sen per DGSB share.
In a filing with Bursa Malaysia today, Insas said the acquisition of 270 million shares in DGSB was made through its wholly-owned subsidiary Insas Technology Bhd.
Insas said the acquisition is expected to have synergistic benefits as both Insas Technology and DGSB operate in the business of information technology.
"Insas Technology was one of the founding shareholders of Bursa-listed Inari Amertron Bhd and together with Insas, Insas Group holds 19.82% of the issued share capital of Inari," it added.
Based on the audited financial statement for the financial year ended March 31, 2017, the net assets of DGSB amounted to RM44.48 million and its net profit stood at RM416,603.
Insas said the purchase price of 4.75 sen per DGSB share represents a premium of 0.21% over the 5-day volume weighted average price of DGSB shares.
It will fund the acquisition via internal funds.
Insas shares slipped 1.02% or one sen to close at 97.5 sen today, with 586,500 shares traded, while DGSB was unchanged at 5 sen, with about 12.3 million shares changing hands. Their market capitalisation stood at RM646.43 million and RM67.79 million respectively. 02/11/2017 21:05
correct lor .... insas directors and management do what they do best ... transform small company into big company, sell ... and repeat the whole process again and again. From mid valley property, hospital care, apartment, tech stock, contruction counter, .... INSAS CANTEEEEEEEEEEEEKKK !!!
Insas reinvesting our capital to good use. I don't get why people are so fixated at quarter results for Insas. The value of Insas is how their investment is compounded in a long-term, earnings should be normalized and not seen from a single year perspective, what more a single quarter. Fair value gain and loss in a short run just depend on the market sentiment...does not even tell us anything.
dunspace, what to do if most of malaysian investers are "gambler". Most expect want to take their money back in few days or even hours. I had been invested in Insas for more than 4 years, which brought me more than 100% return. Will get 300% return if insas really hit Rm2.00 One may argue that the return is not as good as a trader who know how to "guess" the market. Yes, indeed, 4 years 100% only represent 25% each year. However, do you dare Sai Long on a gambling counter?? Whereas for Insas, I dare to put in 80% of my total Assets and wait for it to double/triple up. Do not underestimate the effect of compounding interest/effect. Keep investing in a growing stock for few years, you will see that your money grow in exponential form. I'm one of the lucky one who manage to invested in INARI 4 years ago when it was around Rm 0.3x (Sold everything this year and get my first bucket of gold already). My next vehicle will be insas. If insas can hit double or triple next few years, I manage to retired before age of 40.
Inari today Market Capital = RM 5,644,000,000 or RM 5.644 billion. Insas own 20% of Inari, which contribute 1.1288 billion.
RM 1,128,800,000 / 663006000 = RM 1.70 per Insas Share.
With Inari alone, Insas per share worth RM 1.70, not including the cash, OMESTI, FYS, HOHUP and other businesses.
Today Insas is selling at RM 0.9x per share. Math never lie but sentiment/emotion will. Up or down, just buy whenever you got the free money. Put there for years, then retired early.
kevin5059, my investing style is exactly like yours. It just frustrates me a little market can be so short-sighted sometimes. That's what I was thinking about Insas, you can buy a portion of Inari without paying the premium of growth of Inari, it's a win-win situation. Plus right now I see after acquisition of DGSB at 0.045, the share price of Insas drop while on the other hand, DGSB went up 4x%.
I see the 'goreng' mentality being so prevalent when there are fantastic stories being told with no numbers to back it up. Anyways, it's good for us kevin, as it takes a longer time to realise the true value of the company, we can slowly accumulate.
The reason for the low share price is unattractive dividend yield. Look at FACB, after announcing a 4 sen dividend its share price started to climb steadily.
Dear all, I learned from Mr. KYY to always buy uptrend share thus I bought INSAS from beginning of year from RM 0.775 all the way up to RM 1.09 on June. I learned from Mr. OTB to buy on weakness thus I bought again INSAS when the price drop below Rm1.00 all the way till yesterday mange to buy some at RM 0.97. If Mr. OTB and KC Chong Sifus are confident on INSAS and I myself had looked into INSAS FA and equally confident that all the financial indicators are very positive except one, the dividend yield. So no fears I will continue accumulate INSAS on weakness till I attend the AGM on 23 Nov 2017 to get to Know Dato’s Sri Thong and the management team. I will ask very politely on three subjects: Dividend, Share price and Business outlook. I am pretty confident I will get something out of Dato’ Sri Thong. I will read thought the financial year end report of Insas, Inari, Omesti, DGSB and Ho Hup during the weekend and prepared my questions. Thank you.
Mr Sslee, someone once pointed out that Insas receives increasing dividends from Inari every quarter. Based on just the amount of dividends received, Insas could easily pay out much higher dividend.
As i mentioned few month backs, this coming earning would be critical. Last year EPS for Nov result is 0.09 sens. That is a good result which INSAS need to sell a lot of shares. Since it is a high base standard, it is not easy for INSAS to achieve similar earning again. Looking forward for this month end.
correct lor Kranken X .....alooloo obviously not a very bright person ... we suggest alooloo go buy torch light instead. HAHAHAHAHAHAH ..... INSAS CANTEEEEEEEEEEEEEKKK !!!
Dear all, Insas divided its business into 5 core business segment. One of its core businesses is investment holding & trading. This business segment generated revenue of 217 million and pretax profit of 100 million for year 2017 against year 2016 revenue of 130 million and pretax loss of 48 million. During the AGM I will ask: Q1. Who is in-charge of this core business segment? Q2. Any set maximum budget? Q3. Any expert panels of financial analyst to advice on the investment? Q4. May I suggest Insas to appoint Mr. Ooi Teik Bee as chief adviser for this core business segment of investing holding and trading. Thank you
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Posted by danny123 > 2017-11-01 16:15 | Report Abuse
0.76 CENTS COMING
next q result not good