0.65 coming.... probably 2 consecutive quarter loss will come. Congrat to PH winning. Never expect that but it is good to play safe and sold out all half year ago.
There was a 1 for 2 bonus issue on 13th April. Insas received 200,000,000 free Inari shares on that day taking its holding to 600,000,000 Inari shares.
Insas has share capital of around 600 million shares, cash of around RM600 million, also 600 million Inari shares. Each shareholder entitled to around RM1 and 1 Inari share.
Dear all, INSAS 55th AGM Minutes: http://www.insas.net/pdf/img-20180514.pdf Highlight: A.On Dividend The Board has taken note of the shareholders’ comments and will seriously consider paying additional/special dividend and to formulate a formal dividend policy in FY 2018. B. On Share price. Dato’ Wong Gian Kui (“DWGK”) commented that the net asset value (“NAV”) of the Company as at 30 June 2017 is RM2.30, and if we take into account the mark to market unrealized gain of Inari shares, the revalued NAV or intrinsic value of the Company would be close to RM3.00. Dato’ Dr Tan Seng Chuan added that the market sees the intrinsic value of the Company at RM3.00 but the market price is trading at +/-RM0.90. He is of the opinion that share prices and the Company’s performance have no direct relationship and the Directors’ primary responsibility is to make sure the Company runs well and not about making share price perform Thank you
At of March, Inari was 2.8? Now Inari only 2.08? Down 0.72. But end of March, Insas has only 400 million Inari shares, today Insas has 600 million shares.
Yesterday I placed a buying order for 500,000 Insas shares at 0.65, none done. Today I placed again a buying order for 500,000 Insas shares at 0.65, none done. Tomorrow I will try again 500,000 Insas shares at 0.65.
Inari shares are reflected at cost in Insas accounts, no fair value adjustment. Cost is at around 36 sen per Inari share. Excess of market value over cost of around RM1.70 multiply by 600 million shares are never reported as profit in the accounts. Insas is hiding its fair value gain on Inari.
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if break 70sen then u have, chance to see 50sen. one by one n don't rush. ha...