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.
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.
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
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?
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.
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
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?
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?
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Mikecyc
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Posted by Mikecyc > 2021-04-08 08:36 |
Post removed.Why?