Posted by gweilo > 2013-10-29 13:35 | Report Abuse

this counter should be 1+ oledi !

Posted by alexyap > 2013-10-29 14:27 | Report Abuse

I dont know the true value of this counter. What i do know is they hold 36% in Inari. Does the PL of Inari brought into consideration of INSAS Financial report?

Posted by valueguru > 2013-10-29 15:49 | Report Abuse

yes results of Inari does go into Insas' on a proportionate basis.

Posted by Sekut Azan > 2013-11-02 15:43 | Report Abuse

suitable for long term ?

Posted by coolio > 2013-11-02 16:18 | Report Abuse

up trend..very good for long term for sure

Posted by lloydlim > 2013-11-03 00:51 | Report Abuse

Coolio, do u hv any other solid technical data to support yr comment? Hopefully u r right. Tqvm

Posted by coolio > 2013-11-03 13:17 | Report Abuse

lloydlim..here you go
http://www.stocks-unleashed.com/2013/11/insas-super-duper-cheap-riding-on.html

Posted by TESSA > 2013-11-03 13:25 | Report Abuse

imao this counter usually moves with inari, formis, ho hup :)

Posted by james7898 > 2013-11-03 17:31 | Report Abuse

I enter in and out few times with profit . Slow movement counter . Can make profit within contra period.

Posted by imoogi99 > 2013-11-04 09:35 | Report Abuse

Breakout and a new high....more to come.

Posted by PJTrader > 2013-11-04 10:39 |

Post removed.Why?

Posted by coolio > 2013-11-04 10:51 | Report Abuse

cool!!

Posted by imoogi99 > 2013-11-04 10:52 | Report Abuse

71....wow...wow....double...triple wow!!!!

Posted by Sekut Azan > 2013-11-04 10:58 | Report Abuse

what the fuck !!

Posted by g888 > 2013-11-04 11:06 | Report Abuse

yes !

Posted by yong > 2013-11-04 11:07 | Report Abuse

UNEXPECTED.........

Posted by Sekut Azan > 2013-11-04 11:08 | Report Abuse

aku kaya !!

Posted by iafx > 2013-11-04 11:09 | Report Abuse

if can be "expected", that's not securities market already :D :D :D

Posted by ykinvestor > 2013-11-04 11:09 | Report Abuse

Inari and Inari WA will follow soon

Posted by imoogi99 > 2013-11-04 11:09 | Report Abuse

Not really if you really dig in.

Posted by iafx > 2013-11-04 11:11 | Report Abuse

hahahaa... well, u would have "digged" this one b4 it flies :D

when it up, anyone can say anything :D see what happen when it dive... hahahhaahaaa...

Posted by sephiroth > 2013-11-04 11:15 | Report Abuse

Join in late at 0.685 but still more than 50% to NAV. Another excellent FA by kcchongnz


Posted by kcchongnz > Nov 1, 2013 09:24 AM | Report Abuse

Insas and Graham net net

In 1932 at the bottom of the Great Crash, Ben Graham wrote an article on Forbes about the cheapness of the market and how companies are being quoted in the market for much less than their liquidating value, as if they were all destined to be doomed. He called these types of stocks, "net nets", companies that sell for less than its net current asset value, or net net working capital. Graham used the following formula to compute the liquidation value of a company.

Net Net Working Capital = Cash and short-term investments + (0.75 * accounts receivable) + (0.5 * inventory) – total liabilities

It's the lowest form of valuation you could possibly do because it ignores everything about the business and just focuses on tangible assets. The formula states that;
• cash and short term investments are worth 100% of its value
• accounts receivables should be taken at 75% of its stated value because some might not be collectible
• take 50% off inventories, due to discounting if close outs occur

Insas’s latest balance sheet as at 30 June 2013 was used to compute the net tangible asset and Graham net net values. Besides cash, the net net values of quoted and unquoted investments owned are also taken as 100% of the book value. Note that tax assets, property, plant and equipment, Goodwill and “other assets” are taken as worth nothing.

The appended table shows that the Graham net-net value of Insas is RM1.23. This is more than twice its closing price of 64 sen on 30 October 2013.

Besides Insas has been profit averaging 6 sen per share for the last 10 years. It has on average positive free cash flow and a healthy balance sheet.

Why is Insas trading at such a big discount to its Graham net net value? I guess is investors have not much trust in the management in maximizing minority shareholder value. No dividends have been declared until recently, although it has been buying back its shares. So with the beginning of this more tangible dividend distribution, will Insas be re-rated in accordance with its value?

Insas Graham net net
Cash and equivalent 532,894 100% 532894
Investments 120,290 100% 120290
Investment properties 151,432 100% 151432
Associate companies 90,145.63 100% 90146
Receivables 345,289 75% 258967
Inventories 15,830.73 50% 7915
PPE 59,765 30% 17929
Other assets 43,503 0% 0
Total assets 1,359,150 xxxx 1179574
Total liabilities -325,949 100% -325949
Net assets 1,033,201 xxxx 853,625

No. of shares 693,334 xxxx 693,334
NAB 1.49 xxxx 1.23

Posted by yong > 2013-11-04 11:15 | Report Abuse

Will it break 0.750 by today??

Posted by iafx > 2013-11-04 11:20 | Report Abuse

since 26/9 the signal is very strong already!! :D

Posted by jacksonchoo > 2013-11-04 11:23 | Report Abuse

so what is the TP?

Posted by Tripaka > 2013-11-04 11:24 | Report Abuse

play catchup with instaco

Posted by sephiroth > 2013-11-04 11:29 | Report Abuse

easily worth north of 1.00, inari's stake and profit contribution is the real booster

Posted by CityHunteR > 2013-11-04 12:26 | Report Abuse

be careful to this share, dangerous zone

Posted by iafx > 2013-11-04 12:27 | Report Abuse

claim profit out first :D

Posted by gweilo > 2013-11-04 12:41 | Report Abuse

if you sell you lose

Posted by feifun > 2013-11-04 12:50 | Report Abuse

if you sell u sure win, if u don't sell u might win bigger or losse

Posted by iafx > 2013-11-04 12:57 | Report Abuse

actually, ppl who had paid attention to the chart would have collected since mid sep, for this group of ppl of cos they will take profit first :D

given track record of inari, still worth to keep some and see how it goes :D

Posted by sephiroth > 2013-11-04 13:10 | Report Abuse

insas stuck below 60 sen for 10 yrs, FY13 eps 9.13 sen, now PE 8.1 X not excessive, if u sell, u will see potential $$$ gone with the wind

Posted by Sekut Azan > 2013-11-04 13:23 | Report Abuse

today can reach 0.80 ?

Posted by gweilo > 2013-11-04 13:42 | Report Abuse

I suspect something going on company aggressively buying back stock, lots of cash, low pe, price embarrassingly far below nav, how can it go down ! to a day trader maybe but to an investor its a dream stock because its worth a whole lot more. Even if liquidated it is conservatively very conservatively worth 2 to 3x more. How many shares r like this? Many selling far higher have NO value at all. Sell those why doncha.

Posted by yong > 2013-11-04 14:36 | Report Abuse

BREAK 0.750 D.........

Posted by chewjs > 2013-11-04 14:46 | Report Abuse

hard to believe this stock moving!!

Posted by Trisven > 2013-11-04 14:57 | Report Abuse

how high can it close today...? =)

Posted by imoogi99 > 2013-11-04 15:00 | Report Abuse

More room to go....next resistance at 93sen.

Posted by steviebull > 2013-11-04 15:08 | Report Abuse

wow...

Posted by Trisven > 2013-11-04 15:08 | Report Abuse

driving fast.....will be meeting 0.80 soon...=)

Posted by Wei Xin > 2013-11-04 15:08 | Report Abuse

insas n ghlsys racing.,.

Posted by iafx > 2013-11-04 15:10 | Report Abuse

looking to clear 80c!

Posted by coolio > 2013-11-04 15:10 | Report Abuse

like a rocket :D

Posted by imoogi99 > 2013-11-04 15:13 | Report Abuse

TA also moving at the same time....are they up to something. Both have stock broking activities....hmmmm??????

Posted by sephiroth > 2013-11-04 15:15 | Report Abuse

knock knock 0.80 but nobody answer yet but soon enough

Posted by imoogi99 > 2013-11-04 15:17 | Report Abuse

U knock at the wrong door. The address should be 0.93.

Posted by connie9170 > 2013-11-04 15:19 | Report Abuse

maybe is house no. 1 soon :)

Posted by shawn3333 > 2013-11-04 15:25 | Report Abuse

Locking in profit 1st at 0.790... :)

Posted by iafx > 2013-11-04 15:26 | Report Abuse

going to try 80c again...