Duramitt 50.1% subsidiary company of PSSB(60% Dgsb 40% Insas) 2 single former nitrate examination glove production line will be operational on mid Feb 2021 a slight delay.
it is worth observiing insas share movement next week with the following background:1)slightly more than one week to go before ex date of free warrants. 2)with the advent of 5G and 6G, tech stock are moving up very strongly,inari:3.23,omesti:0.57.3)more than 6 million shres of short position to cover back in order to not to miss the ex date of free warrants.4)second quarterly result announcement is just around the corner.
6244 posts Posted by TheContrarian > Jan 26, 2021 12:14 PM | Report Abuse
Sifu if you like Insas and bst I guess you also buy Mmc Mmc hold gasm malakof port is a much business like tenaga bursa must use in public Now Mmc drop a lot and cheap high Nta high div business net profit got Gasmalaysia Malakof is a best of the best
insas has touched rm1.00 twice recently but retreated quickly after that.today it has touched rm1.00 again,hope it can maintain its upward momentum this time in view of its imminent free warrant ex-date and also the fantastic performance of inari.
Name INSAS BERHAD Details of Changes: Currency - Date of Change Type Number of Shares 27-Jan-2021 Disposed 5,000,000 Registered Name M & A Nominee (Asing) Sdn Bhd for Media Lang Limited Nature of Interest Indirect Interest 26-Jan-2021 Disposed 5,000,000 Registered Name M & A Nominee (Asing) Sdn Bhd for Media Lang Limited Nature of Interest Indirect Interest Nature of Interest Indirect Interest Shares Ordinary shares Reason Disposal in the open market Total no of securities after change Direct (units) 0 Direct (%) 0.00 Indirect (units) 544,853,575 Indirect (%) 16.48 Total (units) 544,853,575 Total (%) 16.48 Date of Notice 27-Jan-2021
26/01/2021 5,000,000 Disposed Indirect Interest Name of registered holder M & A Nominee (Asing) Sdn Bhd for Media Lang Limited Description of "Others" Type of Transaction Consideration (if any) RM3.2034 per share 27/01/2021 5,000,000 Disposed Indirect Interest Name of registered holder M & A Nominee (Asing) Sdn Bhd for Media Lang Limited Description of "Others" Type of Transaction Consideration (if any) RM3.43635 per share
"M&A Securities Sdn Bhd, on behalf of the Board of Directors of Insas (“Board”), is pleased to announce that the Board has resolved to fix the exercise price for the Warrants at RM0.90 per Warrant. The exercise price of RM0.90 for each Warrant represents:-
(a) a discount of approximately RM0.0314 or 3.37% to the 5D-VWAP of Insas Shares up to and inclusive of 4 January 2021 of RM0.9314 per Share, being the market day immediately preceding the price-fixing date on 5 January 2021; and
(b) a discount of approximately RM0.0209 or 2.27% to the theoretical ex-rights price of Insas Shares of approximately RM0.9209 based on the 5D-VWAP up to and inclusive of 4 January 2021 of RM0.9314."
Does the above information means that Insas price will be 0.92 after ex on 3rd Jan 2021???
Insas net short position increased slightly at end of yesterday. No position was closed yesterday. Tomorrow is the last day to buy back before Insas goes ex-rights entitlement.
Indirect/deemed interest (units) 544,853,575 Indirect/deemed interest (%) 16.477 Total no of securities after change 544,853,575 Date of notice 27 Jan 2021 Date notice received by Listed Issuer 27 Jan 2021
Remarks : Indirect interest:-
(1) Insas Technology Berhad - 424,769,375 (No change) (2) Media Lang Limited - 16,016,500 (3) Insas Plaza Sdn Bhd - 103,867,700 (No change) (4) Montego Assets Limited - 200,000 (No change)
Insas Berhad is deemed interested by virtue of Section 8(4) of the Companies Act, 2016 held through subsidiaries.
On 24th Sept 2019: Insas Technology Berhad disposed 5,000,000 Inari to M & A Nominee (Asing) Sdn Bhd for Media Lang Limited for consideration of RM 1.55 per share
Proceeds from disposal: 5,000,000 x 1.55 = RM 7,750,000
Gain from disposal RM 6,616,000 or 6,616,000/5,000,000= RM 1.3232 per share or cost of Inari at Insas Technology book is RM (1.55-1.3232) = RM 0.2268 per share
Some on internal sales from Insas to Media Lang I managed to find out:
24th Sep 2019: 5,000,000: RM 1.55 26th Dec 2018: 10,000,000: RM 1.43 27th Sep 2018: 7,000,000: RM 2.00 28th June 2018: 5,000,000: RM 2.00 13th April 2018: 13,005,500: Bonus Issue 28th Mar 2018: 5,000,000: RM 2.82 25th Dec 2017: 5,000,000: RM 2.85 29th Sep 2017: 5,000,000: RM 2.10 28th Mar 2017: 10,000,000: RM 1.80 23th Jan 2017: 505,500: Bonus Issue
... Malaysian retail investors are looking to buy stocks of medical glove makers to drive up their share prices and squeeze out short sellers, drawing inspiration from the recent rally at US firm GameStop Corp.
Interesting how US retailers beat hedgefunds who short sell GameStop. Will Insas buyers able to squeeze out shortsellers like GameStop?
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....
TheContrarian
9,250 posts
Posted by TheContrarian > 2021-01-22 11:39 | Report Abuse
Welcome.