Posted by GGecko > 2017-11-15 15:54 | Report Abuse

salute.. for believing in insas' son

Posted by leno > 2017-11-15 16:02 |

Post removed.Why?

Posted by hng33 > 2017-11-15 16:21 | Report Abuse

The re classification of inari from associate, more than 20 stake, to investment securities, less than 20 stake, will resulted insas need to re measure its cost holding in inari to MARK to MARKET,

Posted by hng33 > 2017-11-15 16:22 | Report Abuse

Insas stake in Inari holding cost about 55sen vs market price RM 2.80, have resulted insas to record HUGE and MASSIVE one off GAIN RM 900m or RM 1.30 pershare, boosting Insas current NTA from RM 2.34 to RM 3.64.

Posted by mani_cum > 2017-11-15 16:29 | Report Abuse

to those intent to attend AGM, pls ask if Insas thought of divesting ( ALL ) investment in Inari and what will the proceed breakdown plan will be.

Posted by kny123 > 2017-11-15 16:34 | Report Abuse

no more share of profit from associates, if no longer consider associate?

Posted by dogdog > 2017-11-15 16:55 | Report Abuse

0.93 all die

Posted by dunspace > 2017-11-15 17:13 | Report Abuse

hng33, inari will still be classified as associate, the 20% is just a guideline. The main purpose of equity accounting is stating the company as an associate if they have enough interests that could directly impact any decision their associate takes. In the case of Inari, it will still be an associate even if below 20% as the BOD of Insas can directly impact decisions in Inari.

Posted by dunspace > 2017-11-15 17:19 | Report Abuse

Besides that, it is highly unlikely that Insas will sell off their best investment. I believe Inari will continue to remain as the hidden assets with an unrecorded fair value in the balance sheet of Insas for years to come, don't put too much hope on a one-off big shoot up.

Posted by mani_cum > 2017-11-15 17:50 | Report Abuse

perhaps market dun like it that way. 2.8 / 0.55 is very handsome investment in term of duration and capital involve, this exclude capital gain from dividends.

Jerry Yang ( yahoo founder ) missed the chance to capitalize yahoo when its at it peak.

Posted by mani_cum > 2017-11-15 17:52 | Report Abuse

dunspace : when Inari listed in year 2011 Insas got 44% now close to 20%. This call not selling??

Posted by dunspace > 2017-11-15 18:41 | Report Abuse

mani, I mean selling everything off, sorry about that.

Posted by linges > 2017-11-15 18:51 | Report Abuse

tong sold all direct wb...now zero!

Posted by hng33 > 2017-11-15 19:42 | Report Abuse

I think the main reason insas to sell little more stake in inari on last day of sept to just below 20 stake is done ON PURPOSE to re classifed its stake in inari from associate to investment secrurites in order to MARK to market price of its inari stake in coming q result.

Posted by leno > 2017-11-15 20:17 | Report Abuse

i agree with dunspace .... inari will remain as associate ... but everytime insas sell off inari, plus switching the share of the associate among the assosiate ... insas will mark up this amount to buy'sell price. I am a bit worri why they do these ... usually to soften some loss or to mark up the earning of insas. But we all agree ... insas is definitely very undervalued. For safety reason, i rarely sailang everything in one stock ... wish all comrades all the best.

Posted by TheContrarian > 2017-11-15 20:36 | Report Abuse

Thong sold off all the warrants registered in his name to distribute the proceeds as ang pow to those who attend the AGM next week.

Posted by hng33 > 2017-11-15 21:17 | Report Abuse

Insas now hold 19.85 stake in inari

Posted by hng33 > 2017-11-15 21:21 | Report Abuse

Insas still able to continue accounting profit from Inari, just alike accounting profit from Insas another holding hohup even hold only 13%

Posted by hng33 > 2017-11-15 21:29 | Report Abuse

Please look at Insas annual report, management highlight operating condition in both Inari and hohup despite Insas only just 13% stake in hohup. These is because, even without as associate status, Insas still can accounting profit base on its stake holding in hohup so long Insas have enough influence hohup business direction. Similarly, despite Insas cut down stake in Inari from associate, it still hold 19.85% stake, accounting profit still able to continue, unchanged at all.

Posted by newbie92 > 2017-11-15 23:18 | Report Abuse

Hi hng33, if insas so good, why thong non stop sell?

Posted by 4444 > 2017-11-15 23:27 | Report Abuse

Wait 75-80 sen buy back?

Posted by kny123 > 2017-11-16 01:47 | Report Abuse

thx hng33 . I google and only got time to read this : complicated..

https://www.drwealth.com/3-accounting-rules-for-investors-subsidiaries-joint-ventures-and-associates/

Financial Assets (usually less than 20% ownership)

Lastly, if Company A owns less than 20% of Company B, B would be recorded as a financial asset in A’s balance sheet.

The financial assets are then sub-categorised into Held-to-maturity, Fair Value through profit or loss, and Available-for-sale. Held-to-maturity assets are investments with determinable payments and fixed maturities such as bonds.

As for the other two, they have different treatments in the income statement but let’s not go to the details as the final profit of the company would be similar.

The assets would be recorded at fair value in the balance sheet and any gains and losses would be recognised in the other comprehensive income, but will not attribute to earnings of the company until the investments are sold.

---
so if reducing the stake reclassify it from associate to be an investment holding(?) which i think only changes how they report it in non-current assets of the balance sheet ? The one off gain that you speak of, base on above explanation, sounds like it'll end up as "other comprehensive income, but will not attribute to earnings of the company until the investments are sold." ... ?

Posted by dogdog > 2017-11-16 06:36 | Report Abuse

stupid counter

Posted by hng33 > 2017-11-16 06:50 | Report Abuse

Kny123

The definition is correct ONLY AFTER Insas hold less than 20% stake in Inari, thereafter, any fluctuation in Inari share price will NOT affect Insas earning until it further dispose Inari share.

However, Beforehand, the re classification from associate to investment HAVE to take effect first as one off event for these TRANSITION period, resulted re measurement to mark to market all Inari value to reflect its current holding cost.

After these re measurement take effect for these one off time transaction period, subsequent quarter, if Insas opt to continue dispose inari share in open market, it WILL NOT longer enjoy huge margin profit as its holding cost will alrdy mark up to reflect recent market price 2.80 instead of initial cost of just 55sen.

Posted by hng33 > 2017-11-16 06:59 | Report Abuse

If anyone interested about re classification state from associate to investment, kindly refer to recent what happpen to mulpha stake in Mudajaya, reported in mulpha Q3 result for financial ending 2016.

' the weaker performance for current quarter for financial 2016 was mainly attributed to loss of disposal of associate RM 108.9m which largely comprise of fair value adjustment resulting from de recognition of Mudajaya from associate to investment securities'

Remark: mulpha have dispose mudjaya stake from 22% to 19% at reporting period.

Posted by hng33 > 2017-11-16 07:07 | Report Abuse

Another example is what happen to bjcrop after dispose bjauto in Q3 for financial ending 2015,

' the group report higher earning mainly due to non operation gain from re measurement of RM 837m from bjauto which result from deconsolidation and to reflect fair value for its remain stake in bjauto'

Remark: bjcrop divest bjauto from stake above 50% to below 50%, transition from subsidiary to associate status, resulted one off fair adjustment to reflect mark to market holding cost

Posted by hng33 > 2017-11-16 07:15 | Report Abuse

Therefore, if holding company change its control state of another company either from subsidiary status> 50% to associate state < 50% ( bjcrop divest bjauto) or from associate state >20% to investment state < 20% ( mulpha divest mudajaya), all will resulted ONE off fair value adjustment to mark to market its current holding cost, if higher, then resulted one off gain like bjcrop report one off gain RM 837m in bjauto, BUT, if lower, then resulted one off loss like mulpha reported one off loss RM 108.9m in Mudajaya earning accounting.

Posted by leno > 2017-11-16 08:13 | Report Abuse

darn ... i have to agree with hng33 ... based on previous precedent ... one off MASSIVE gain will have to be recorded ... INSAS CANTEEEEEEEEEEEEEEEEEEKKK !!!

Posted by TheContrarian > 2017-11-16 08:28 | Report Abuse

Ssshhhhhhhhhhhh

Posted by StockKeeper > 2017-11-16 09:21 | Report Abuse

Today will go down 0.9?

Posted by hng33 > 2017-11-16 09:28 | Report Abuse

Please exercise own discretion in decision making, bear own risk, enjoy own reward. Cheer

Posted by 3101575000 > 2017-11-16 09:46 | Report Abuse

hng33 :Yes! Cheers

Posted by TheContrarian > 2017-11-16 09:49 | Report Abuse

Sssssshhhhhhhhh

Posted by Alkwong > 2017-11-16 10:29 | Report Abuse

Inari up, Insas down. Imagine when Inari relapses (which is likely) what will happen to Insas. Hahaha! RM0.90, here we come.

Posted by dogdog > 2017-11-16 10:37 | Report Abuse

stop dreaming, time to wake up and escape

Posted by leno > 2017-11-16 10:48 |

Post removed.Why?

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

The decision is in the hand of the management whether to reclassify from associate to investment. With less than 19% they can claim not to have control but at the same time can also claim to have control as the board of directors are the same.
Certainly hope that they reclassify as the current Insas price doesn't reflect true value of the share.

Perhaps SSLee should raise this matter if results not out during AGM. At the same time, likely Insas management also reading the comments here.

Posted by linges > 2017-11-16 11:14 | Report Abuse

How far wb may go down? Keeping money to avg down but don’t know when should go in..hmmm

Posted by linges > 2017-11-16 11:16 | Report Abuse

Might be silly question..but this question always in my mind for past one week...

Posted by Muthusamy > 2017-11-16 11:20 | Report Abuse

the earliest qr is on 23 nov. perhaps u can buy some before 23 nov. im thinking whether to load up wb or mother.

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

Thx bro :)

Posted by TheContrarian > 2017-11-16 13:36 | Report Abuse

Bought some warrants at 29 sen this morning.

Posted by uptrending > 2017-11-16 14:33 | Report Abuse

why TSTKK sold his 2,800,000 WB ?

Posted by kny123 > 2017-11-16 14:35 | Report Abuse

looking at bjcorp, their one off gain triggered from bjauto, vs the chart/stock performance that day and the coming days, doesnt look promising ... .. .

Posted by kny123 > 2017-11-16 14:35 | Report Abuse

i guess for shortterm gap up , take profit , n byebye, is great. but for long term holdings hmmm

Posted by TheContrarian > 2017-11-16 14:45 | Report Abuse

DSTKK sold his 2,800,000 WB to raise RM1,000,000 to give donation to people affected by the floods recently. Make God bless his kindness.

Posted by uptrending > 2017-11-16 14:48 | Report Abuse

hahaha

Posted by Muthusamy > 2017-11-16 14:48 | Report Abuse

sapued few lorries at 0.29, cant get at 0.285.

Posted by uptrending > 2017-11-16 14:57 | Report Abuse

if he continues to sell, you will get headache !!

Posted by pasanglang > 2017-11-16 15:08 | Report Abuse

DSTKK can now collect WB again, cheaper than his selling price.