It is not hope u can see for yourself the success mah....!!
1. Just inari 19% that insas own is more than exceed the whole insas mkt capitalization loh...!!
2. Insas is sitting on a nett cash of Rm 300m mah...!! He did not sapu any monies loh...!!
3, Recently insas pays decent div with yield of around 3% pa this is even higher than nestle div yield of only 2.5% pa.
4. He has grown insas NTA to rm 2.54 per share and he has steer insas to a track record of 10 yr annual growth of shareholder fund without fail loh...!!
5. He has help insas to achieve a decent latest eps which resulted insas having an attractive PE of 6x loh...!!
6. He even relinquish his executive position to allow his captain Mr Wong to take charge of Insas loh...!!
Mr Thong is one can be consider one of the best 5 star ivy league investment banker, the best msia ever had loh....!!
Posted by qqq3 > Jan 23, 2019 04:08 PM | Report Abuse
i m comfortable they can create more & more value on inari...no need to so kencheong bcos they only own 19% mah...when the right time come insas share price can double or even triple when they decide to distribute inari share mah...!!
Posted by qqq3 > Jan 23, 2019 04:27 PM | Report Abuse
Posted by Sslee > Jan 22, 2019 09:35 PM | Report Abuse
Dear Philip, I quote, “You seem to be making the mistake that I am out to hunt down your beloved INSAS stock.” Make no mistake, I appreciate your different view and in fact I welcome it as I actually waiting to collect INSAS share at cheaper cost to me. But unfortunately when I present my case I need to speak the truth base on fact and figure contain in the annual report. Some of the very private information that I gather from my private meeting with newly appointed CEO, I kept it as P&C. I quote, “Insas is a founding shareholder of Inari 11 years ago and its original 51% equity interest in Inari has been diluted over the years primarily due to its IPO in 2011” how else to explain the INSAS Board capability in building up INARI to what it is today if not for the management prudent and foresight to spend few millions as seed money/burn rate (charge to P/L) to organic growth their business in different sector and working with renowned university and researcher to launch their patented products.
Also make no mistake, I am not out to hunt down your beloved “QL” I only present what is contain in the annual report as I feel even though QL is a great company but the current market price is too rich a valuation and perhaps you can relook into its valuation during the next quarter result and make you own decision whether you should cash out and invest in Nasdaq: STNE.
By the way I like to read yours and Jon Choivo articles as both of you are very well read and well versed in different methodology of investment and stock valuation, it’s a refreshing read. I thank you for contributing your articles to i3.
Dear 3iii, I quote, “Your shareholder activism though admirable sadly brings about little results. You are better served by better companies with better management.” My upbringing taught me to seek the truth and nothing but the truth and give voice to voiceless and fight for justices. My shareholder activism had result in INSAS paying an interim dividend of 2 cents and hopefully a formal dividend policy in this year. My questioning in Xingquan and CSL had result in SC calling the external auditor for questioning and the rest is history. My questioning in Hengyuan had help me to know the detail of Hengyuan business and the next AGM the board will face another round of hard questioning from me on Brent Crude oil pricing and CAPEX..
As of your question, “Would not it be better to attend an AGM where you praised the management for another great year of performance, take a few pictures with them and promise to see them again the next AGM?” My answer is not necessary since the company is already well run and manage, your words of praising would not add further value whereas your hard hitting and fact finding questions will make the board wake up, listening to you and you can see a sea change during the next AGM.
Who say insas is lousy when it sit on more than Rm 300m nett cash with NTA exceeding Rm 2.54 per share and with div yield of 3% pa loh...!!
The pe of insas is about 6x mah n for the past 10 yrs insas has been making monies loh...!!
Nestle maybe good company but it has a very high handicapped with its overvalue share price with PE 50x loh...!!
Imagine u r a good tennis player...but u handicapped by playing tennis on a wheel chair....the chances of u winning may not be good, even when u playing agst average players mah...!!
Insas hathway is Ben Graham share picked jewel with very big margin of safety Mah...!!
This is investing. I take my investing very seriously.
I avoid lousy companies. In the long run, I am better off with companies with great businesses.
Given a company with poor economics and great management, the reputation of the company remains intact. Some businesses are just gruesome and generally will remain so even if the management are superb.
The opportunity cost of parking your money in a poor performer or loser is just too harmful for the finances of the careful investor.
If you have to be always actively prodding the management, that tells a lot too of the quality of the management and its alignment of their interest with the shareholders. For example, if the management embarks on cost cutting or cost efficiency, you should be happy and yet sad too. Why were they not cost efficient at all time?
(Icon) What Is Investing ? Author: Icon8888 | Publish date: Sun, 20 Jan 2019, 02:42 PM
On 23 December 2015, I wrote that investing involves holding on to stocks for long term to enjoy compounded return, other stock market activities are at best "trading".
However, recently I have been reading extensively about Investment Gurus' works. One thing that shock me is that very few of them actually hold stocks forever. Contrarian investor John Neff sold his stock within months if they registered good return. Even Joel Greenblatt (KC Chong's favourite) also indulged in short term activities.
As long as can make money with proper consideration of risk, it is valid. No need to hold long, long term only to be considered legitimate.
I hereby declare : "Investing should not be defined only as picking good stocks and holding forever to enjoy compounded return. Buying an overlooked stock to wait for market to rectify mispricing and hence provides opportunity to cash out, is also considered investing. Even if it happens within few months.
Short term activities should not be automatically frowned upon. Anything bought based on careful evaluation of value and proper reasoning, and in the event that things turn sour, can be held until recovery, is considered investing.
Holding period is totally irrelevant."
THIS IS EXACTLY WHAT BEN GRAHAM SAYS MAH..U BUY CHEAP WITH BIG MARGIN OF SAFETY AND HOLD ON TO TAKE ADVANTAGE OF MR MARKET MAH, WHEN THE SECURITIES RERATE AND GO UP TO THE REASONABLE FAIR VALUE AS MR MARKET BECAME OPTIMISTIC, U SELL MAH....!!
MR GRAHAM, HAVE NEVER ENCOURAGE TO HOLD ON FOREVER MAH...!!
there's no point keep telling ppl insas this and that ... every one know already. The Cash, the Earning, The Asset, the Price and the 2 sen dividend. No need keep harping on owning millions of share in inari, hohup, and many more company. We all know. Everyone mention many many times. Those don't believe, will not believe. Those who got NO money ... still got NO money to collect. HAHAHAHAHAHAH.... rilek rilek lar BABE .... INSAS CANTEEEEEEEEEEEEEEEKKKKK !!
Raider disagreed n say Leno comment is rubbish loh ??
Why leh ?? U look at milo and Maggi everyday they advertise also mah..!! U think people don know Milo nice drink got energy and maggi food affordable quality food meh ?? But why advertise leh ?? To remind people milo & maggi manyak Cantek mah...!!
Samelah...so we advertise Insas manyak cantek everyday mah...!! Tell them the benefit of insas everyday loh....!!
Posted by leno > Jan 25, 2019 04:34 PM | Report Abuse
there's no point keep telling ppl insas this and that ... every one know already. The Cash, the Earning, The Asset, the Price and the 2 sen dividend. No need keep harping on owning millions of share in inari, hohup, and many more company. We all know. Everyone mention many many times. Those don't believe, will not believe. Those who got NO money ... still got NO money to collect. HAHAHAHAHAHAH.... rilek rilek lar BABE .... INSAS CANTEEEEEEEEEEEEEEEKKKKK !!
Restricted Rights issue of INSAS-WD please, For those who would like to re-invest the dividend into INSAS-WD, at an issue price of RM 0.088 per Warrant D, please.
New IPO: Building management systems (BMS), solar thermal systems and energy-saving services provider, Solar District Cooling Bhd aims to list on the Ace Market!
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
leeno
18 posts
Posted by leeno > 2019-01-22 18:35 | Report Abuse
FREE INSAS-WB ?? 1 Warrant-B for Every 7 INSAS share? EXercise price 0.88 ? ?