Posted by LeicnooLena > 2019-09-22 23:15 | Report Abuse

id=1890951Y22474WvT1
Ssleeehuaguat tiantianhuatsslee

小皮陽心美

Posted by qqq3 > 2019-09-23 10:28 | Report Abuse

slayer....I3 chief referee Tan also join quality first camp already..............Insas promoters also hang boots already.........

Posted by Sslee > 2019-09-23 10:33 | Report Abuse

Hahahaha,
qqq3 Insas is overvalued??? Will only sailang and all in if drop below 50 cents. By the way London Biscuit will be delist.

Posted by stockraider > 2019-09-24 12:06 |

Post removed.Why?

Posted by stockraider > 2019-09-24 12:30 |

Post removed.Why?

Posted by deMusangKong > 2019-09-24 17:27 | Report Abuse

1825176 貼貼 26號公演
yun_____0511

stock.raider.insas.net/1825176Y13520rpj8

Posted by deMusangkiing > 2019-09-26 00:38 | Report Abuse

INSAS, cash rich. 李玫玫（ㄇㄟˊ）

WHY NOT ASSIST that PANG PANG KUAT to take over

Offer £1 per placement share, to bail out THOMAS COOK.

(INSAS got READY CASH and READY RESOURCE of
£ 200 mil to bail out THOMAS COOK .....)

and then EASILY TAKE OVER THOMAS COOK,
instead of letting it go bust.

李玫玫（ㄇㄟˊ）=1214643Y23542b2tT

Posted by GLNT > 2019-09-26 09:20 | Report Abuse

Value trap...as mentioned umpteenth times by various people here.

Posted by anticon > 2019-09-26 11:04 | Report Abuse

lai liau

Posted by Junqi > 2019-09-26 11:33 | Report Abuse

3 steps forward 1step backward
2 steps forward and 3 step backwards.This is Insas

Posted by anticon > 2019-09-26 11:39 | Report Abuse

so far so good, see you at $1+

Posted by Junqi > 2019-09-26 11:44 | Report Abuse

Dont place your hope too high
More likely will end at 0.81

Posted by anticon > 2019-09-26 11:52 | Report Abuse

cepat cepat beli, going higher and higher, big sharks eating alot

Posted by Dajiahao Ma > 2019-09-26 11:55 | Report Abuse

stockraider.... YUUMMMMMMMMM SINGGGGG.

Posted by anticon > 2019-09-26 11:56 | Report Abuse

Posted by dragonslayer > Sep 26, 2019 11:54 AM | Report Abuse

Aiyo...mai gan cheong....not big shark ..makan...underground taligam buy call lah...lol...aiyoyo....kikiki


still good enough, more to come

Posted by EngineeringProfit > 2019-09-26 11:59 | Report Abuse

Zzzzzzz.....any time means....no time

Posted by anticon > 2019-09-26 12:38 | Report Abuse

I see alot of sour grapes here, some didn't a single share and comment as though the devil had bitten them left & right. Just wonder why in this world there are such people?

Posted by DK66 > 2019-09-26 18:16 | Report Abuse

I m truely happy for Sslee to see Insas finally making a decent move in its share price. He put in so much effort even to the extent of meeting the management. He is definitely the best person to approach in i3investor to know more about Insas. Well done.

Posted by Sslee > 2019-09-26 19:30 | Report Abuse

Dear all,
At end 29/6/2014, INSAS NAPS is RM 1.80 and Market price RM 1.19.
5 year later at 28/6/2019 NAPS is RM 2.62 and holding about 600 million of Inari shares (associate company) at book value, but market price only RM 0.775
So do the Math how much INSAS should worth?

Thank you
P/S: There is definitely value in INSAS, the only thing is the controlling shareholder like every human being would like to maximize their benefit at the expense of minority shareholders. I believe in shared prosperity and it should start with controlling shareholder sharing the prosperity of the company with all the shareholders.

Posted by Junqi > 2019-09-26 21:37 | Report Abuse

SSLee.Its not correct to say every human beings are like Thong.There are many controlling shareholders who share with the minorities, Nestle, UP and many American companies.I wonder why doesnt he take the company private

Posted by stockraider > 2019-09-26 22:02 | Report Abuse

U need to perceive investment properly loh....if insas now shares dividend as good as like what inari do....then insas share price should be rm 2.60 & not rm 0.81 today loh.....!!

But mkt value insas Rm 0.81, instead of Rm 2.60 bcos insas not paying dividend as good as inari, is it fair leh ?? NO loh.....!!

Insas already start paying dividend 2 sen pa mah....!!

Mkt perception is wrong mah....even insas trade above rm 1.00, it is still very veli undervalue mah...!!

So $$$$$$$$$$$$$ opportunity loh....!!

Lucky the boss had not taken insas private yet mah....thus still got big big $$$$$$$$$$ making opportunity loh....!

Posted by Junqi > Sep 26, 2019 9:37 PM | Report Abuse

SSLee.Its not correct to say every human beings are like Thong.There are many controlling shareholders who share with the minorities, Nestle, UP and many American companies.I wonder why doesnt he take the company private

Posted by Sslee > 2019-09-27 08:03 | Report Abuse

Dear Junqi,
Are human beings born selfish and must learn to be giving or do we naturally tend to be selfless but lose our selflessness due to our life experience?
Every human being has different life experience hence no two human beings behaves the same. Bless are those holding shares of company run by caring and sharing controlling shareholder “Nestle, UP and many American companies”.
However life experience change and thus behavior change too. I am hopeful of INSAS’s Dato’ Sri Thong, BOD and management team for better.

Thank you

Posted by Gooooshen > 2019-09-27 11:05 |

Post removed.Why?

Posted by Gooooshen > 2019-09-27 11:06 |

Post removed.Why?

Posted by Gooooshen > 2019-09-27 11:07 |

Post removed.Why?

Posted by stockraider > 2019-09-27 11:10 | Report Abuse

Stay on course mah.....!!
Insas $$$$$$$$$$$$$$$$$$$$ coming, just give time loh...!!

This insas is an undiscovered valuable gem ,found by generous sifu sslee and General raider willing share with all mah....!!

Don miss this wonderful opportunity mah....!!

Posted by stockraider > 2019-09-27 11:30 | Report Abuse

Go go go insas !!

Inari up & insas will follow loh...!!

Posted by ThomasCoo > 2019-09-27 14:55 |

Post removed.Why?

Posted by Junqi > 2019-09-27 17:25 | Report Abuse

If i have a public listed company worth 3x more than its market cap.I would beg borrow steal to take the clmpany private. Why isn't DS Thong doing it?
If he were to do it, i think i would let go at anythkng above 1.2

Posted by Sslee > 2019-09-27 17:57 | Report Abuse

Dear Jungi,
Dato' Sri Thong cannot take Insas private become he and PAC only holding 32.96%. Once reach 33% he needs to offer conditional MGO like what Datuk Tiah do in TAE. This MGO will suffer the same fate as Datuk Tiah as the independent advisor will advice to reject the offer since the offer price is unreasonable and unjust.
Dato Sri Thong is still very far off from 90% holding to take Insas private.
Thank you

Posted by stockraider > 2019-09-27 19:03 | Report Abuse

Not true loh...!!
Thong can try to take the company private, but it will cost him alot of monies to offer a good price, where most shareholder will accept mah.....!!

The alternative objective is for thong to just get seal control of insas ie more than 50% share from the current 32.9% loh....!!

The warrant exercise at Rm 1.00 on insas will be very crucial for thong todate, thus it is imperative that we lobby to sc to prevent him from getting GO exemption or if that fail to sc support, we must vote against it in the egm for thong exemption mah...!!

Thong is very kedekut fellow, we must not allow him to get a free ride, if he just want to seal control on insas mah....!!

Posted by Sslee > Sep 27, 2019 5:57 PM | Report Abuse

Dear Jungi,
Dato' Sri Thong cannot take Insas private become he and PAC only holding 32.96%. Once reach 33% he needs to offer conditional MGO like what Datuk Tiah do in TAE. This MGO will suffer the same fate as Datuk Tiah as the independent advisor will advice to reject the offer since the offer price is unreasonable and unjust.
Dato Sri Thong is still very far off from 90% holding to take Insas private.
Thank you

Posted by TheContrarian > 2019-09-27 20:13 | Report Abuse

Mr Sslee, what stockraider is saying is to privatise Insas the first step Thong has to take is exercise the warrants under his control to take his effective control beyond 50%.

Posted by Sslee > 2019-09-27 21:55 | Report Abuse

Dear TheContrarian
Number of shares issued: 663,006,342 (excluding 30,327,291 treasury shares)
Dato’ Sri Thong and his brother 32.96% (218,526,000)
No. of outstanding warrants: 265,202,536
Exercise price per warrant: RM1.00
Expiry date of warrants: 25 February 2020
If no other shareholders convert the warrant, then Dato Sri Thong need to convert about 227 million warrants to INSAS shares in order to push his holding to 50%. He then needs to make offer to buy out about 444.480 million INSAS shares that he and PAC do not owned in order to take INSAS private. This is possible but unlikely

Thank you

Posted by ThomasCoo > 2019-09-27 23:36 | Report Abuse

Value trap. d=3865959Y97352YfLl

Posted by Junqi > 2019-09-28 11:30 | Report Abuse

A quick question.What if MGO fails because offer price too low?
Will the offeror be prevented from buying more shares from the open market?

Posted by stockraider > 2019-09-28 12:33 | Report Abuse

THERE ARE 2 SIDE OF THE COIN MAH....WHEN MKT DOWN SIDE .....VALUE INVESTORS QUIETLY ACCUMULATE GOOD QUALITY MARGIN OF SAFETY COMPANY, ON THE CHEAP MAH....IF U BUY RIGHT....U SHOULD MAKE MONIES EVENTUALLY LOH...!!

TAKE INSAS FOR EXAMPLE...RAIDER ACCUMULATE IT, AT AN AVERAGE RM 0.67 BEGINNING OF THE YEAR, TODAY ALREADY UP ABOUT 20%, EVEN IN VERY BAD MARKET LOH...!!

THIS HOW U INVEST MAH....U MUST BE PATIENCE & GIVE TIME FOR STOCK TO REFLECT ITS TRUE POTENTIAL LOH.....!!

AN ACTIVE BULL MARKET WILL CREATE OVERVALUE & GORENG STOCK LOH....!!

ON THE OTHERHAND, A PASSIVE BEAR MKT OFFER GOOD BUYING & ACCUMULATION OPPORTUNITY LOH....!!

Posted by stockraider > 2019-09-28 12:42 | Report Abuse

U SEE GO MINIMUM PRICE IS ALWAYS THE HIGHEST PRICE TRANSACTED BY THE OWNER FOR THE PAST 6 MTHS MAH...!!

IF THONG EXERCISE ITS WARRANT, THEN THE MINIMUM GO PRICE RM 1.00, BUT THAT DOES NOT PREVENT THONG BUYING AT HIGHER THAN RM 1.00, THUS TRIGGERING HIGHER GO LOH....!!

FURTHERMORE THONG MACAI WILL BE QUIETLY ACCUMULATING INSAS AT BELOW RM 1.00 B4 THE GO MAH....!!

THUS IT IS POSSIBLE FOR THONG TO SEAL CONTROL ON INSAS USING A COMBINATION OF WARRANT EXERCISE, ACCUMULATION FROM MACAI B4 GO AND BUYING AGGRESSIVELY UPWARD WITH VOLUME, WHEN GO IS ANNOUNCE LOH....!!

Posted by Sslee > Sep 27, 2019 9:55 PM | Report Abuse

Dear TheContrarian
Number of shares issued: 663,006,342 (excluding 30,327,291 treasury shares)
Dato’ Sri Thong and his brother 32.96% (218,526,000)
No. of outstanding warrants: 265,202,536
Exercise price per warrant: RM1.00
Expiry date of warrants: 25 February 2020
If no other shareholders convert the warrant, then Dato Sri Thong need to convert about 227 million warrants to INSAS shares in order to push his holding to 50%. He then needs to make offer to buy out about 444.480 million INSAS shares that he and PAC do not owned in order to take INSAS private. This is possible but unlikely

Thank you

Posted by Sslee > 2019-09-28 15:26 | Report Abuse

Dear Junqi,
Refer below: MGO failed 6.01(not having received acceptances which would result in the offeror and persons acting in concert holding in aggregate more than 50 per cent) and 21.01 Delay before subsequent offer

SC RULES ON TAKE-OVERS, MERGERS AND COMPULSORY ACQUISITIONS
Mandatory offer
4.01 Unless otherwise exempted by the SC, a mandatory offer shall apply to an acquirer in the following situations:
(a) Where the acquirer has obtained control in a company; or
(b) Where the acquirer has triggered the creeping threshold

Under paragraph 4.01, a mandatory offer obligation will apply to all members of a group of persons acting in concert if any member of the group acquires voting shares or voting rights such that collectively the group triggers a mandatory offer obligation.
Where a group of persons acting in concert holds more than 33 per cent of the voting shares or the voting rights of a company, any member of the group will incur a mandatory offer obligation if he acquires voting shares or voting rights resulting in him–
(a) acquiring more than 33 per cent of the voting shares or voting rights of the company; or
(b) acquiring more than two per cent of the voting shares or voting rights of the company in any six month period (when the person already holds more than 33 per cent but not more than 50 per cent of the voting shares or voting rights of the company.

6.01 Acceptance condition
(1) A mandatory offer must be conditional upon, and only upon, the offeror having received acceptances which would result in the offeror and persons acting in concert holding in aggregate more than 50 per cent of the voting shares or voting rights of the offeree.
(2) A voluntary offer must be conditional upon the offeror having received acceptances which would result in the offeror holding in aggregate more than 50 per cent of the voting shares or voting rights of the offeree.
(3) A take-over offer shall lapse if the condition referred to in subparagraphs 6.01(1) or 6.01(2) is not fulfilled by 5.00 p.m. on the 60th day from the date on which the offer document was dispatched to the offeree shareholders.

6.03 Offer price
(1) The offer price in a mandatory take-over offer must not be less than the highest price (excluding stamp duty and commission) paid or agreed to be paid by the offeror or persons acting in concert for any voting shares or voting rights to which the take-over offer relates, during the offer period and within six months prior to the beginning of the offer period.

21.01 Delay before subsequent offer
(1) Unless otherwise approved by the SC, the offeror and all persons acting in concert with the offeror shall not, within 12 months from the date of the announcement that a take-over offer has been withdrawn, has lapsed or failed–
(a) announce a take-over offer or possible take-over offer for the offeree; or
(b) acquire any voting shares or voting rights of the offeree if the offeror would thereby become obliged to make a mandatory offer;

Thank you

Posted by stockraider > 2019-09-29 11:18 | Report Abuse

Preaching huge undervalue of insas is like preaching god good gospel mah,
U cannot stop as long as this good news are there, we need to spread this good news to be shared for all loh....!!

Posted by Junqi > 2019-09-29 17:50 | Report Abuse

How do we know who are the persons acting in concert.Do they have to register with the SC
I dont think blood relation can be the only criteria.In the case of Insas,who are the PACs?

Posted by Sslee > 2019-09-29 18:11 | Report Abuse

Dear Junqi,
Dato’ Sri Thong brother is considered as PAC. I had confirmed this with Dato’ Wong and moreover Baktihan Sdn Bhd is consider as deemed interest of both Dato’ Sri Thong Kok Khee and his brother Dato’ Thong Kok Yoon

Refer INSAS 2018 Annual report:
ANALYSIS OF SHAREHOLDINGS: As at 27 September 2018
ORDINARY SHARES
Number of shares issued: 663,006,342 (excluding 30,327,291 treasury shares)
Class of shares: Ordinary shares
Voting rights: One vote per ordinary share

SUBSTANTIAL SHAREHOLDERS
Name of substantial shareholders: No. of ordinary shares: %
1. Dato’ Sri Thong Kok Khee *: 166,064,962: 25.05
2. M & A Investments International Limited: 124,420,289: 18.77
3. Dato’ Thong Kok Yoon ** 74,203,648: 11.19
* Direct and deemed interest by virtue of his family members’ interest and his substantial interest in M & A Investments International Limited, Immobillaire Holdings Sdn Bhd, Baktihan Sdn Bhd, Winfields Development Sdn Bhd and Montprimo Sdn Bhd.
** Direct and deemed interest by virtue of his spouse’s interest and his substantial interest in Titan Express Sdn Bhd, Perak Traders Holdings Sdn Bhd and Baktihan Sdn Bhd.
6. M & A Nominee (Tempatan) Sdn Bhd- Baktihan Sdn Bhd 21,746,400: 3.28%

Note:
1. Dato’ Sri Thong Kok Khee *: 166,064,962: 25.05% already include M & A Investments International Limited and Baktihan Sdn Bhd
3. Dato’ Thong Kok Yoon ** 74,203,648: 11.19% also include the Baktihan Sdn Bhd

Hence in order not to double count Baktihan Sdn Bhd 3.28% into Dato’ Sri Thong Kok Khee and Dato’ Thong Kok Yoon

The effective direct and deemed interest hold by Dato’ Sri Thong Kok Khee and Dato’ Thong Kok Yoon is 25.05+11.19-3.28= 32.96%

Thank you

Posted by Sslee > 2019-09-29 20:41 | Report Abuse

Dear dragonslayer,
If Dato’ Sri Thong converts the warrant on Expiry date 25 February 2020 at Exercise price per warrant of RM1.00 then you can expect MGO at not less than RM1.00.
Your return will be not less than (1.00-0.835)/0.835= 19.76% for about 5 month period.

Thank you

Posted by Junqi > 2019-09-30 08:25 | Report Abuse

DS Thong and PACs may already controlling more than 50 %.Some of the top 30 shareholders may be PACs. How to teii? They do not need to reveal themselves

Posted by Junqi > 2019-09-30 08:36 | Report Abuse

I dont think he is going to exercise his warrants. Morely he is trying to cash in on his warrants.
And with his preferential shares, redeemable at rm1. he would be collecting a lot of money for
himself.I suspect that he and his PACs (hidden or otherwise) are already controlling more than 50%

Posted by 682pujut2b > 2019-09-30 11:11 | Report Abuse

Thong family & their associates already have around 55% insas shares. With a very secure position, it is more likely that they may not want others to exercise the warrants which would dilute their % holding. When share price rise above RM1.0, they would have to put in their money into the company- this is unlikely to be expected.
More likely to expect from in the next 2 quarters would be 'so so' financial results if not more disappointing results.

Posted by 3iii > 2019-09-30 12:03 | Report Abuse

>>>
deMusangking Let it be,
let it be,
let it be,
let it be

Yeah, there will be Sslee
who screams ’ sure make if buy now’!
who goes abegging without success!
Like whispering words of wisdom
Not knowing that the answer is
let it be,
let it be,
let it be

haha
30/09/2019 11:57 AM
>>>


The core businesses of Insas suck! Horrible businesses with very low return on capital. The company has a lot of cash earning next to little and yet carries a lot of debt paying significant amount of interest. Its investment into Inari is the only bright spot in Insas.

Posted by 3iii > 2019-09-30 12:07 |

Post removed.Why?

Posted by paperone > 2019-09-30 12:30 | Report Abuse

Party pooper

Posted by Sslee > 2019-09-30 12:31 | Report Abuse

Hahahaha,
I actually hope that no one converts the warrant so that INSAS shares issues remains:
ORDINARY SHARES
Number of shares issued: 663,006,342 (excluding 30,327,291 treasury shares)
Then I can slowly accumulate INSAS for the whole year of 2020 and you can see my name in top 30 shareholders in 2020 Annual report.

Thank you

Posted by Sslee > 2019-09-30 13:12 | Report Abuse

Hahahaha jellyfish,
deMusangking is not a hater. He likes to pull someone’s leg, ahmoing and wet-wet. 3iii is stockraider nemesis, he hate stockrader’s share pick and the rest is Dato’ Sri Thong hater.

Dear Musangking,
I am saying I dare to put money where the mouth is.
I am fine, if Dato’ Sri Thongs do not convert warrant and make MGO at not less than RM 1.00 because then I have more time to collect INSAS every month from my salary.

Thank you