Posted by TheContrarian > 2017-11-16 15:12 | Report Abuse

DSTKK can't sell anymore. He already sold all.

Posted by uptrending > 2017-11-16 15:13 | Report Abuse

insas technoloy has plenty...

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

indirect holding 83 millions ...

Posted by Alkwong > 2017-11-16 15:25 | Report Abuse

Hahaha! Insas now 0.915, broke down decisively below yesterday's support level of 0.93. Look on the bright side; we might be able to buy Insas at a much cheaper price when the market decides it's time to go back on the uptrack again.

Posted by uptrending > 2017-11-16 15:35 | Report Abuse

Ho Hup is an associate company of Insas and Insas only own 10+ % of Ho Hup .... so there is no reason why Inari would not be classified and remains as an associate company of Insas even though Insas's shareholdings in Inari dipped below the 20% threshold... my 2 cents...

Posted by Alkwong > 2017-11-16 15:50 | Report Abuse

uptrending, to classify Inari as an associate when Insas' holding is below 20% is contrary to accounting principles and practice. The auditors would need to put a qualitication in the audit report.

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

Since it can do to Hohup so it can also do to Inari, afterall Insas has management control over Inari directly... at least 4 directors in the Inari board sit in the Insas board as well.

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

uptrending, whether Insas has management control is debatable. Inari is a technology company and none of Thong & cronies on Inari board are high-tech trained people. Inari can be taken over and the Thongs won't be needed; certainly they are not indispensible to Inari.

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

Dr Tan set up Inari..

Posted by uptrending > 2017-11-16 16:12 | Report Abuse

Dr Tan heads Insas technology diviision.

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

Just a word of caution.... Insas is a weird stock with a weird boss.... If he is antagonised, hehe,,,,

Posted by Alkwong > 2017-11-16 16:18 | Report Abuse

What do you think he will do, crash the stock's price? I will look forward to that to pick Insas up cheap.

Posted by linges > 2017-11-16 16:19 | Report Abuse

28c :((((

Posted by hng33 > 2017-11-16 16:40 | Report Abuse

As Insas still able to continue account profit on inari despite holding stake at 19.85%, upcoming inari earning also in focus, its newest tech, iris scan and wireless tech have great demand from global tech giant.

Insas another holding 13% stake in hohup also able to account profit based on its percentage holding, 18% profit sharing based on GDV in bukit jalil also in focus.

Posted by hng33 > 2017-11-16 16:43 | Report Abuse

Please also take note aside Insas holding 19.85% stake in inari worth more than RM 1 billion (140% bigger than entire insas entire market capital), Insas also hold inari warrant B, about 15% stake as EXTRA value

Posted by Muthusamy > 2017-11-16 16:56 | Report Abuse

i sapu more at 0.285. hehe

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

0.28 only 4lots done. scare what leh ???

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

it's bottoming out already..

Posted by alooloo > 2017-11-16 19:39 | Report Abuse

QE reduction already started in Oct. China and US is in war for bond. Interest rate is destined to go up very soon. Last few day junk bond interest rate spike. Appetite for risk is going down. If INSAS didn't realize the paper gain last quarter (which is reflected in coming earning in this month), it is very well lost the opportunity. In the world of expensive money, more and more company will get into trouble. Hence sentiment will go down, except for bank stock.

Trade with care in this type of season... Good luck. I'm waiting for coming result. I didn't hold anything but i always track back to see if my prediction is right.

Posted by dogdog > 2017-11-16 22:53 | Report Abuse

game over

Posted by TheContrarian > 2017-11-17 08:09 | Report Abuse

Game about to start. :-)

Posted by leno > 2017-11-17 08:32 | Report Abuse

INSAS CANTEEEEEEEEEEEEEEEEEEEEKKKKK !!!! HAHAHAHAHAHAH !!!

Posted by uptrending > 2017-11-17 08:52 | Report Abuse

This stock is so undervalued. The boss sold his personal warrants 2,800,000, what he is up to?
To lure people to sell ? Angry because he will be queried with a long list of questions .... to frustrate shareholders ? He succeeded for now as the share price fell after he kept selling his warrants....

Very tempting to buy... hehe

Posted by leno > 2017-11-17 08:56 | Report Abuse

i ask him why .... he said he too rich alredi ... so he purposely sell his small stake in warrant cheaply to others ... so that others can buy it cheaply and become rich as him. This is one way he do charity . God bless Ah Thong. INSAS CANTEEEEEEEEEEEEEEEEEEEEEEKKK !!

Posted by leno > 2017-11-17 08:59 | Report Abuse

hng33 ... u are goin to be rich as leno the most panlai cat lor .... CONGRATULATIONs ! YAM SEENGGGGGGGGGGGGGGG !!!

Posted by uptrending > 2017-11-17 08:59 | Report Abuse

Haha! He is very kind ! So he is going to push to sky high and let those who bought from him to make money ! hehe..

Posted by leno > 2017-11-17 09:01 |

Post removed.Why?

Posted by TheContrarian > 2017-11-17 09:03 | Report Abuse

DSTKK sold the bulk of his WB @ around 37 sen.

Posted by uptrending > 2017-11-17 09:12 | Report Abuse

haha! made some good money from it... sold and now waiting to re enter at the right time bro...

Posted by uptrending > 2017-11-17 09:13 | Report Abuse

Thanks Leno..

Posted by StockKeeper > 2017-11-17 09:19 | Report Abuse

Guess today will drop how much

Posted by hng33 > 2017-11-17 09:37 | Report Abuse

Recovery

Posted by kevin5059 > 2017-11-17 09:39 | Report Abuse

I think this round of Quarter report should still look good. I think Dato T will not so stupid until sell so much of his shares, and release a bad report. SC will invite him for coffee.

The reason why Dato T just sell his direct portion of shares might be just to clean up the "conflict of interest" stuff. As I mentioned previously, I was Inari share holder for more than 4 years. Around 3 years ago, AVAGO was one of the main Inari shareholder, then in one particular month, AVAGO suddenly started to sell their Inari shares which cause INARI share drop like no tomorrow. Loser will be always loser, losers were complaint and gave all the so call "professional" view in this i3 forum, said that "even AVAGO also not trusting INARI" etc. Somehow, INARI is hitting their historical high today. Everyone know that AVAGO was and still the biggest business partner with INARI. The reason they (AVAGO) sell INARI share was mainly to clear out them from "conflict of interest". When you hold a share in your subcon company, and you give them significant amount of projects, this will trigger the conflict of interest issue.

Hence, this round, huge selling by Dato T may not means that the company is doing badly, it is just for the same reason or some reasons that only he know. Or maybe he need to release some shares to the public/fund manager to create the liquidity. If he sell the shares at 0.34 average to the fund manager, then the fund manager can help him to fried the shares up to 0.7x, Dato will still earn with his existing shares. This is how rich ppl making money, they use others' money to make them rich, poor ppl use their own money to make money. Rich ppl buy value stock from poor ppl, rich ppl buy value stock at low price, poor ppl complaint the price is too high when the counter goes up, complaint about the management again when the price goes down and dare not buy. End up, rich ppl getting rich, poor ppl keep complaining here and there.

Posted by kevin5059 > 2017-11-17 09:41 | Report Abuse

On top of that, OMESTI is proposal a private placement of up to 10%. Who knows Dato T need money to buy the 10% stack??? That's why he is selling his WB??

Posted by leno > 2017-11-17 09:43 | Report Abuse

u r welcome uptrend ... remember .. always stay humble after making moneys ... those who is arrogant ... with bad attitude ... always wish ppl lose money in share market are those who always lose money one ... bad ppl always suffer bad karma mar ... no need to get irritated with this kind of people ... i always kesian at them ... they dunt realise ... by a simple good gesture, can change their life ... to be happier, shinier and wealthier. INSAS CANTEEEEEEEEEEEEEEKKK !!

Posted by TheContrarian > 2017-11-17 09:45 | Report Abuse

Kevin, DSTKK didn't sell a single share.

Posted by leno > 2017-11-17 09:46 | Report Abuse

kevin .... tat's is what i believe too ... to clear off the conflict of interest.

Posted by TheContrarian > 2017-11-17 09:55 | Report Abuse

Uptrending, you just sold 20,000 Insas @ 93 sen?

Posted by uptrending > 2017-11-17 09:56 | Report Abuse

Leno, agree with you... We just hope that everyone make money...
Just don't know how Insas could unlock its real value...
The day will come and TS will wake up one fine day...

Posted by leno > 2017-11-17 09:58 | Report Abuse

correct lor uptrending ... we all here are COMRADES mar ... u make some money ... good for u .... happi for u .... i make a lot of money ... good for me ... happi for me also mar ... HAHAHAHAHAHAH .... INSAS CANTEEEEEEEEEEEEEEEEEEEEKKKK !!!

Posted by hng33 > 2017-11-17 10:23 | Report Abuse

Just few more day to go, next week, inari and hohup will announce Q result, insas as holding company will continue accounting profit based on its holding stake from these 2 major stocks, 19.85% in inari and 13% in hohup.

+

re measurement inari holding cost to MARK to market due to insas shareholding now below threshold 20% level, holding 19.85% in inari, FAIR value readjustment will give MASSIVE ONE OFF GAIN estimate RM900m surplus to book in insas next week result, boosting one off EPS to more than RM 1.30/share.

stay tune, cheers :D)

Posted by TheContrarian > 2017-11-17 10:26 | Report Abuse

EPS RM1.30 P/E less than 1?

Posted by TheContrarian > 2017-11-17 10:31 | Report Abuse

According to unconfirmed sources if Insas refuses to recognise the massive one off gain, the Auditors will qualify the accounts and this will lead to Insas been classified as a PN17 defaulter and risk having it delisted.

Posted by hng33 > 2017-11-17 10:32 | Report Abuse

Previously, many insas shareholder like to complaint insas undervalue due to its high value holding in inari which is more than its entire capitalization.


NOW, insas have meet shareholder expectation to MARK to market its holding in inari by reduce little bit stake in inari from 20+% to 19.85% to re classified its from associate in accounting rule, allowing re adjustment to fair take effect (but insas still continue can accounting inari profit due to its influence it inari business discretion through representative director)

Posted by uptrending > 2017-11-17 10:35 | Report Abuse

associate co can account for the profit but how to mark to market as an investment at the same time ?

Posted by uptrending > 2017-11-17 10:39 | Report Abuse

I like to learn, Mr Hng 33... can you elaborate pls

Posted by kevin5059 > 2017-11-17 10:49 | Report Abuse

Just buy another batch at 30sen. Still got some pending for seller. Someone willing to sell me at 0.30?

Posted by TheContrarian > 2017-11-17 10:52 | Report Abuse

Weak contra players selling at 30 sen.

Posted by hng33 > 2017-11-17 10:53 | Report Abuse

uptrending

Insas now hold 19.85 stake in inari. Insas still able to continue accounting profit from Inari, just alike accounting profit from Insas another holding hohup even hold only 13% as Insas have director to represent insas in both stock board of director to determine and influence their business direction.

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.

The Reclassification from associate 20% to below threshold only affect insas in order for it to reflect its holding cost in Inari to mark to market value and allow re measurement to take effect as one off gain in accounting.

Such re-measurement also happen in bursa another stock, eg, Bjcrop divest bjauto to below 50%, resulted HUGE off gain as initial holding cost is much lower , while other stock such as Mulpha divest Mudajaya also below 20%, but, re measurement resulted one off HUGE loss as initial holding cost is much higher

Insas holding cost in inari is estimate about 55sen/share, therefore, re-measurement will record MASSIVE ONE OFF GAIN estimate about RM 900m in coming q result or estimate measurement gain RM 1.30/share (ending sept)

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.

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

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 TheContrarian > 2017-11-17 10:56 | Report Abuse

Uptrending, the norm of the accounting standards is that investment in quoted shares must be reported at the market prices except for investments where shareholding is at least 20%.