Keep buy guys Insas fair value is 2 ringgit. Limit up is confirm. My price near 70sen still keep hold more than 3 years already plus dividend now consider satisfying. Set profit taken at 1.50ringgit is easy money like my telekom Last time I commented on TM as I said Tm still the biggest in Malaysia monopoly unifi and fixed line why no one buy Then I earn 80% profit on TM counter now insas is same . Insas more rich than more cash more asset more good company. I assume at least 70% profit on insas. Of course ivan also will sell insas once ivan enough Maybe will sell at 1.20 . Why because outside got many still.no yet up like affin mbsb. So I sold Tm and top up affin and mbsb
, announced RIGHTS ISSUE of new class of i-CPS non-redeembale , convertible Loan Stock of INSAS-LA at issue price of 6 sen per i-CPS, conversion ratio 12:1, 5 rights i-ICPS for each INSAS,
The Opinion highlighted by 3iii that Insas has the following problem past on institutional imperative & gruesome company are probably right on management imperative but wrong on gruesome business loh...!!
1. Instituitional Imperative Raider see it has improved tremendously, with Management willing to meet sslee & willing to hear sslee to make higher dividend 2 sen of share, that shows the owner has a change of heart loh...!! The major issue regards to the instuitional imperative is insas refuse to pay dividend for many years despite making big amount of profit loh.!! The decision of insas not paying dividend despite making good profit may not be totally wrong, if u compare to Berkshire Hathaway i had not paying dividend too mah...!! Yes Insas mimic berkshire hathaway, in fact insas even perform better than berkshire hathaway, but we need to understand insas can never be berkshire loh...!! Thus paying of dividend is important loh, and raider see insas will keep improving is image loh...!!
2. Gruesome Business Wrongloh....already proven insas has a very strong sustained earnings record over 10 yrs. The mkt may see insas is experimental in some investment, but amount allocated is very small loh..!! Insas is doing well very well in its lending,stockbroking & advisory and its investment & treasury ,cash management are doing well too and inari its 19% associate contribute 33% to its overall profit mah..!!
Insas performance is as good as berkshire for the past 10 yrs loh..!!
WITH THE ABOVE WRONG PERCEPTION AND IMPROVEMENT A FUTURE RERATING OF INSAS IS UNDERWAY MAH....!!
Yesterday Insas opened gap up which is a bullish signal and was steady throughout the day. Today Insas continued its uptrend with a relatively high volume exceeding 2.6 million to break out decisively from its consolidation phase. Tomorrow Insas hopefully would march towards its first target of 90 sen. All this would not be possible without the approval of the big boss with his big plan. Haha Insas cantek.
Every laggard will have its day, sometimes it's a short run, sometimes it's a longer run, sometimes it goes on to achieve a new high. No one can predict accurately. In fact, why bother to? Buy at a time no one wants, at a price you desire, a price so low there's hardly any downside risk of loss and wait for that wonderful day when everyone wants a piece. Insas cantek.
Posted by TheContrarian > Jul 24, 2019 12:10 AM | Report Abuse
Every laggard will have its day, sometimes it's a short run, sometimes it's a longer run, sometimes it goes on to achieve a new high. No one can predict accurately. In fact, why bother to? Buy at a time no one wants, at a price you desire, a price so low there's hardly any downside risk of loss and wait for that wonderful day when everyone wants a piece. Insas cantek.
cheoky is right when he wrote in another forum that if a person doesn't have any Insas shares he just couldn't sell. I can't sell any more Ekovest shares as I sold all earlier this year at 1.03, I can't sell any more MAA shares as I sold all earlier this year at 1.04, I can't sell any more PUC shares as I sold all earlier this year at 0.115. I have Insas shares but I don't know what price I will eventually sell, maybe at 86 sen, maybe 86.5 sen, maybe 87 sen ........ Insas cantek.
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Posted by tah16600 > 2019-07-23 11:48 | Report Abuse
Slowly moving up leh!