Still can't confirm it is uptrend. Touch the resistance level and put back. Need to cross the resistance level and stay above it. Stay sideway and observe!
Assume they sell at Rm 2.26, 1mil shares = RM2.26mil, divided by Insas share 693mil, each share only get RM 0.003 or 0.3sen. Cannot really see that in the EPS also, hard to boost the price also, we need leno to pump for us.
Calvin Tan had also actively promoting BjCorp few years ago on the same ground- "value of assets".. but that corp...se remain as good as a dead wood and decaying. I think he is better in writing stories, composing jingles....but his poems not so good.
Insas will be announcing its 4th quarter results next month together with a full year's results. In the last AGM the BOD said they will seriously consider a special dividend for financial year ended 30/6/18.
This conglomerate discount or holding company discount is an economic concept of a situation where the stockmarket values a diversified group of companies at lower than the sum of its parts. In Insas' situation the discount is too deep.
I bought Insas at 65-66 sen in 4 tranches from June to Nov 2016 and sold off all at 1.06 and 1.10 in 2 tranches in June/July 2017, that's a gain 66%. Even received a 1 sen dividend. Sometime this year I started buying back at 80 sen down to 77 sen. Sometimes timing is important to maximize gain rather than buy and hold for forever. Insas has been good to me and will be good to me again.
crownford_bl Calvintaneng: Insas holds 11.30% Omesti. Omesti is suffering a big loss, the share price has been fallen drastically. Any comments? 29/07/2018 20:58
It's Ok for Omesti as so many stocks have been dragged down recently. It should recover
Same goes for SYF as its furniture business should recover. Stocks like Pohuat, hevea & Latitute have rebounded
Inari share price has been on the uptrend lately because KWAP and EPF kept mopping up Inari shares. For the first time on 20/7, the combined shareholdings of the two which amounted to 602 million exceeded Insas' holding of 599.9 million. If the buying continues, it would not be surprising if Inari later becomes a government linked company and management and operational control of Inari will fall into the hands of the government. Should this happen, Insas will no longer have justification to treat Inari as an undervalued Associated Company in its accounts and would have to recognize the fair value gain.
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Posted by dunspace > 2018-06-25 21:46 | Report Abuse
Yes, it will.