or such other period as may be prescribed by Bursa Securities.; In Netx case there is a follow up time table announced.. after payment is closing take 3 weeks ..
But why is the price of insas not up when inari keeps moving up???
Insas lacks media reports in STAR n The Edge.
Kindly have your reports published in the local media so that investors will come to realise how undervalue insas is! <--- Because Thong wan to privatize insas at a cheap price like TA, especially the holding which has broking firm and also substantial shareholding more than 35%. Look at TA and BJCORP same characteristics. The major director will ask minority shareholders's for more fund to acquire more companies. Once everything has been successful, he will privatize the company at a very cheap price- TA is a good example, unfair but reasonable offer.
Y the share price not reflects the real value? Because no fund will invest in this type of share. Like dumping money into the sea. The money will be stucked in this stock forever. Fund needs to pay interest. Later major shareholder asked for right issue, then the fund will be GG again
Haha rogers123, TA and BJCorp hold a lot of illiquid assets and net debt. Insas holding many liquid assets and in net cash position. Any MGO by controlling shareholder at current price will be deemed unfair and unreasonable and will be rejected.
of course insas may not go Rm 2.00 to Rm 4.00 unless distribution of Inari share mah...!!
But Insas potential upside to as high as Rm 1.60 very possible mah...!!
5G is here to stay , it is the future mah...!!
That means Inari got very good prospect mah...!!
U can either buy inari or alternative cheaper insas loh!
REMEMBER INSAS IS A CHEAPER EXPOSURE ALTERNATIVE TO INARI LOH! Insas main jewel is its 16.4% stake or RM1.92bn tag in Inari, which already exceeded Insas marketcap of RM634m, implying its other divisions such as Financial service and credit & leasing division; Property investment and development division; Investment holding and trading division; Retail trading and car rental division businesses are “free”. Valuation is undemanding as the share price is trading at 0.33x P/B (vs 10Y average 0.4x) and 61% discount to revised SOP of RM2.36 (despite imputing a large 40% holding discount). We think such valuations have provided a sufficient “buffer” and will cushion further slide in share price, thanks to strong earnings visibility from financial serives (stockbroking and credit/leasing arm) and IT-related manufacturing businesses particularly from Inari (+30% EPS CAGR from FY20-23). Also, it has a solid balance sheet with NCPS of 89 sen (~97% to share price).
Posted by rogers123 > Feb 16, 2021 12:44 PM | Report Abuse
But why is the price of insas not up when inari keeps moving up???
Insas lacks media reports in STAR n The Edge.
Kindly have your reports published in the local media so that investors will come to realise how undervalue insas is! <--- Because Thong wan to privatize insas at a cheap price like TA, especially the holding which has broking firm and also substantial shareholding more than 35%. Look at TA and BJCORP same characteristics. The major director will ask minority shareholders's for more fund to acquire more companies. Once everything has been successful, he will privatize the company at a very cheap price- TA is a good example, unfair but reasonable offer.
Posted by rogers123 > Feb 16, 2021 12:48 PM | Report Abuse
Y the share price not reflects the real value? Because no fund will invest in this type of share. Like dumping money into the sea. The money will be stucked in this stock forever. Fund needs to pay interest. Later major shareholder asked for right issue, then the fund will be GG again
Posted by rogers123 > Feb 16, 2021 12:49 PM | Report Abuse
I dont say INSAS is not good, the share price might increase but don't expect it will reflect the real value like wat u all expected RM2-4
Sslee: U r too naive in the market. U dont understand the major shareholders thinking, the boss thinking. If u wan to understand, be the boss, listed your own company. U will have the same thinking. I mixed with them quite often, and i have few good frenz listed their companies. So i know the game
Y institution shorted insas? Please check the RSS list. Shorted an undervalue company? R they crazy? Because they wan to control the price at a certain level.
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....
Sslee
5,972 posts
Posted by Sslee > 2021-02-15 18:29 | Report Abuse
My entitlement is 276K and I put in addition 28K for application of Excess Rights RPS with Warrants.