Posted by Mikecyc > 2021-04-08 08:36 |

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Posted by Bgt 9963 > 2021-04-08 08:59 |

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Posted by Sslee > 2021-04-08 09:07 | Report Abuse

No worries, Mike say Omesti another RI in 5 years time to redeem the RPS if the warrant expired out of money.

Posted by stockraider > 2021-04-08 19:59 | Report Abuse

The proper answer is that u r willing to tradeoff a higher quality debt instrument Insas PA for a lower quality debt instrument Omesti PA in exchange for HIGHER Yield loh!

Posted by Sslee > Apr 8, 2021 9:07 AM | Report Abuse

No worries, Mike say Omesti another RI in 5 years time to redeem the RPS if the warrant expired out of money.

Posted by Mikecyc > 2021-04-08 23:46 | Report Abuse

Bloomberg News
15 March 2021, 05:00 GMT+8


Huawei Pivots to Fish Farms, Mining After U.S. Blocks Its Phones

Posted by Sslee > 2021-04-09 11:53 | Report Abuse

Most likely Insas buy back Insas-PB at 89.5 cents and immediately book a profit of 10%.

Posted by Mikecyc > 2021-04-10 05:31 |

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Posted by Sslee > 2021-04-10 07:09 | Report Abuse

Structured Finance

The Group’s lending arm, Insas Credit & Leasing Sdn Bhd (“ICL”) is licensed under the Moneylenders Act, 1951. ICL has established itself as a boutique structured finance provider to selected sophisticated investors and corporations seeking short- and medium-term financing for working capital and investment purposes.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/6218041

As of 30th June 2019, ICL has outstanding loans portfolio of RM267.455 million which are fully collateralized and unsecured corporate loans RM30.162 million generating interest income to the Group. The interest rate charged by ICL is in accordance with the Moneylending Act, which is not more than 12% p.a.for secured loans and not more than 18% p.a.for unsecured loans

Posted by Sslee > 2021-04-10 07:26 | Report Abuse

Substantial Shareholder's Particular:
Name INSAS BERHAD
Details of Changes:
Currency -
Date of Change Type Number of Shares
05-Apr-2021 Acquired 100,000
Registered Name M & A Nominee (Asing) Sdn Bhd for Montego Assets Limited
Nature of Interest Indirect Interest
Nature of Interest Indirect Interest
Shares Ordinary shares
Reason Acquisition in the open market
Total no of securities after change
Direct (units) 0
Direct (%) 0.00
Indirect (units) 545,503,575
Indirect (%) 16.33
Total (units) 545,503,575
Total (%) 16.33
Date of Notice 08-Apr-2021

Insas now holding 545,503,575 Inari shares.
So do your math how much holding of Inari alone is worth to Insas?

Posted by Sslee > 2021-04-10 07:35 | Report Abuse

Mike for your reference on your beloved PA

P.A. RESOURCES BERHAD

Type Announcement
Subject PROVISION OF FINANCIAL ASSISTANCE
Description Dominasi Reka Sdn. Bhd.
Pursuant to paragraph 8.23(2)(e) and paragraph 3 of Practice Note 11 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the amount of financial assistance provided as at 31 December 2020 to facilitate the ordinary course of business of the subsidiary, Dominasi Reka Sdn. Bhd. (the Subsidiary) is set out below:-



1. The aggregate amount of outstanding advances (“Loans”) given by the subsidiary to the individuals is RM5,059,565.23



2. The aggregate amount of Loans in default are as follows:



a) At the beginning of the year: RM3,024.00

b) Classified as Loans in default during the financial year: RM6,804.00

c) Amount written off: RM619,961.85

d) Total and net Loans in default at the end of the year: RM9,828.00

e) Ratio of net Loans in default to net Loans or advances: 0.19%



3. The top 5 Loans are set out below:-

Chin Yee Chen

1. Personal Loan

2. Loan Amount: RM162,270.00

3. Amount Outstanding: RM116,556.42

4. Security: None

5. Related Party: No

6. Monthly Instalment: RM1,885.00



Voon Vui Kien

1. Personal Loan

2. Loan Amount: RM153,594.00

3. Amount Outstanding: RM97,336.97

4. Security: None

5. Related Party: No

6. Monthly Instalment: RM1,864.00



Lim Nyuk Sang

1. Personal Loan

2. Loan Amount: RM201,600.00

3. Amount Outstanding: RM90,956.84

4. Security: None

5. Related Party: No

6. Monthly Instalment: RM2,760.00



Kwang Ah Tsai

1. Personal Loan

2. Loan Amount: RM158,400.00

3. Amount Outstanding: RM87,238.26

4. Security: None

5. Related Party: No

6. Monthly Instalment: RM1,840.00



Liew Su Min

1. Personal Loan

2. Loan Amount: RM140,400.00

3. Amount Outstanding: RM79,705.47

4. Security: None

5. Related Party: No

6. Monthly Instalment: RM1,631.00



The financial assistance provided during the quarter does not have any material impact on the earnings, net assets and gearing of P.A. Resources Berhad.



The announcement is dated 22 February 2021.

Posted by Mikecyc > 2021-04-10 08:07 |

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Posted by Mikecyc > 2021-04-10 08:12 |

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Posted by Mikecyc > 2021-04-10 08:14 |

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Posted by Mikecyc > 2021-04-10 09:20 | Report Abuse

Q1 ended Sept2020 :

Deposits with licensed banks
and financial institutions 470,652,000

Cash n bank balances 300,191,000

Share capital 873,700,000

Reserves 120,030,000

Retained earnings 832,177,000

Non current loans 20,011,000

Current loans 341,043,000

Posted by Mikecyc > 2021-04-10 09:24 |

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Posted by Mikecyc > 2021-04-10 09:27 |

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Posted by Sslee > 2021-04-10 10:13 | Report Abuse

Mike,
Total Secured Unsecured RM'000 RM'000 Total RM'000
247,310 10,762 258,072
Know where is this keep in the Balance Sheet?

How much is associate companies value in the Balance sheet?
And how much is financial assets at fair value ?

Posted by stockraider > 2021-04-10 11:13 | Report Abuse

Very High risk for PA loh!

Not in the finance industry but want to lend money wor....so more run by politician.....very dangerous loh!

Another "Potential multi purpose coming" fiasco loh

Posted by stockraider > 2021-04-10 11:14 | Report Abuse

Stick to Insas very safe & steady very much better loh!

Posted by Junqi > 2021-04-10 11:42 | Report Abuse

Have all of you got back the excess allotment money which was not alloted.
I still haven't. I rang up Sharework and they ask me to contact Insas. Whats the ribht procedure

Posted by SaraInvestment > 2021-04-10 12:21 | Report Abuse

Mikecyc Haha Omesti 5G partner Huawei .. is getting risk ..

Risk? more to come

Posted by i3lurker > 2021-04-10 12:26 | Report Abuse

contact debt collector better lah

Posted by stockraider > 2021-04-10 12:33 | Report Abuse

B4 u do that...u better check whether your wifey has stolen the excess money refund or not loh ?

Posted by i3lurker > Apr 10, 2021 12:26 PM | Report Abuse

contact debt collector better lah

Posted by Mikecyc > 2021-04-10 13:24 |

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Posted by Sslee > 2021-04-10 14:38 | Report Abuse

I used Sharework to apply for my entitlement of 276K RI and 28K excess application. I got total 304K PB and 760K WC.

I remember when apply for excess you need to fill in bank account for return of unsuccess excess application

Posted by Mikecyc > 2021-04-10 14:58 |

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Posted by Mikecyc > 2021-04-10 14:59 |

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Posted by Sslee > 2021-04-10 15:00 | Report Abuse

Mike,
KYY target price for LB Aluminium:

Its latest EPS was 6 sen and its previous quarter EPS was 3.76 sen. It shot up 60% from the previous quarter.
This shows that the company has been making and more profit every quarter. It is very safe to assume its EPS for each of the next 3 quarters will be 6 sen, its annual EPS will be 24 sen.
Based on PE 10, L B Aluminium share should be valued at Rm 2.40 per share.

So PA last quarter EPS 0.58 cents, your TP for PA?

Posted by i3lurker > 2021-04-10 15:04 | Report Abuse

my IB promoted LB Alum when share price was 73 sen and I bought some

KYY took his tip from IB lah

Posted by Mikecyc > 2021-04-10 15:36 |

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Posted by Mikecyc > 2021-04-10 15:51 |

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Posted by Sslee > 2021-04-10 20:01 | Report Abuse

Haha,
Coincidentally glad to know I cut win LB at 0.73 and i3lurker bought it from me.

So i3lurker when you want to return me the favor of short Insas to 50cents for me the collect

Posted by Mikecyc > 2021-04-10 20:39 |

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Posted by i3lurker > 2021-04-10 21:05 |

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Posted by Sslee > 2021-04-10 21:16 | Report Abuse

Haha Mike,
I always cut win too early.
I already cut win 400K of Bjland at 39cents. Currently still holding 450K Bjland at cost of 0.188. Should I cut win now or wait for better price?

My first TP BJland 38 cents already reach and next TP is 60 cents

I3lurker,
Me too just enjoy looking every month still got salary into my Bank account but I cannot spend any money due to Covid-19 travel restriction.

So should I also put bank statements near my bed and peek at bank statements just before going to bed to sleep?

Posted by i3lurker > 2021-04-10 21:19 | Report Abuse

haha sslee

since your wife is in KL,
you can take those bank statements to the toilet

and use it to talk to your little brother between your legs ...
Maybe it will help, dunno if you dun try rite?

Posted by Mikecyc > 2021-04-11 06:42 |

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Posted by Mikecyc > 2021-04-11 06:55 |

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