Good morning Mike, A9 Segment information. So the losses on fair value financial assets 9 month end 31 March 2020 is now become gains on fair value assets 9 months end 31th 2021
Scenery wrote: Aug 5, 2020 10:08 AM | Report Abuse
dont be silly lah, 4.5 cts is still very low. focus qr red can go to 1.60, why not Lambo? We are figuring on the future of a growing company not gambling here.
Scenery wrote: Aug 5, 2020 10:08 AM | Report Abuse dont be silly lah, 4.5 cts is still very low. focus qr red can go to 1.60, why not Lambo? We are figuring on the future of a growing company not gambling here.
It does not matter how much value of Inari shares Insas has if it does not sell it to realise the value. It does not matter how much dividend Insas receive from Inari if it does not distribute higher dividends. It is a value trap. What do minority shareholders of Insas get? Is there any good reason for investors to buy Insas above RM0.80?
I am not, stockraider is in trouble, he had lost his self-esteem when he ruin his own reputation by tampering others posts. Only blind n stupeed will ever believe what he said again.
Even though we dont know his real person but ala he is represented by this ID in i3, wherever he go he will be despised.
Mike your story "today i read from Serba that someone is posted Xinquin that said to has RMB 1.0 billion cash on hand required to get money from minority share holders by RI .. then bag a big big order that container volume is as can be park from KL to Seremban .. after Independent Auditor highlighted cannot done verification on documents ... SC probe n be delisting on August 2020" is totally hearsay fake news.
Haha i3lurker, I am glad the external auditors are now taking their job seriously. Those day the auditors and independent directors are as guilty as the CEO and executive directors. Hence as minority shareholders I encourage them to attend AGM, ask the hard questions and hold the Board and auditor answerable, accountable and responsible.
INSAS HAS ALL THE GROWTH FACTORS OF BERKSHIRE HATHAWAY MAH!
Note quarter 1: Proceeds from disposal of share in an associate company: RM 86,445,000 Gain on disposal of disposal of share in an associate company: RM 30,761,000 This refer to disposal of Inari shares by Media Lang and Insas Tech and recorded under Technology and IT-related manufacturing, trading and services which disposal sum do not need to report as revenue.
The Investment Holding and trading revenue: RM 26,538,000 and segment profit of RM 17,998,000 included: Disposal of Inari shares by Insas Plaza RM 18,462,500 and gain on disposal of RM 16,194,500
Note quarter 2: Technology and IT-related manufacturing, trading and services: Cumulative operation profit: RM 99,034,000 Or Q2 profit RM (99,034,000 – 30,200,000) = RM 68,834,000. This is mainly from one off gain from disposal of associate company Sengenics which generated net proceeds from disposal of financial assets of RM 54,057,000. (Again the disposal sum do not need to report as revenue)
Note quarter3: Investment holding and trading: Revenue RM (49,895,000 – 30,338,000) = RM 19,557,000 Segmental profit RM (38,311,000 – 4,001,000) = RM 34,310,000 (mostly from gain on fair value change of financial assets at fair value thro profit or loss)
Technology and IT-related manufacturing, trading and services: Revenue RM (106,022,000- 3,973,000) = RM 102,049,000 Segmental profit RM (113,095,000 - 99,034,000) = RM 14,061,000 *Certain figure in the preceding quarters has been reclassified: Disposal of Inari shares Q3 by Media Lang RM 33,198,750 and gain on disposal of RM 17,937,750 The Disposal of Inari shares Q1 by Media Lang RM 68,774,000 has been reclassified into revenue items Q1+Q3 disposal by Media Lang = RM 101,972,000
Posted by Sslee > Jun 2, 2021 12:53 PM | Report Abuse
I can only say Insas management are managing the company prudently and conservatively. They have plan to growth DGSB into food tech and glove manufacturing.
Will see how Insas will invest their cash hoard.
As minority shareholder, I will exercisee my rights to demand for better dividend.
Posted by Sslee > Jun 2, 2021 1:00 PM | Report Abuse
By the way cumulative 9 months. M&A + ICL already report profit before tax of RM 30.7 million. And share of profit from associate companies RM 36.88 million.
Inari is on the next phase of expansion and I beilive the share of profit from Inari will growth further in year to come so is the dividend from Inari.
With inari private placement at rm3.20, insas will have a revaluation gain of rm150mil from its holding of 16% share in Inari. This is a great news for insas
Insas value it associate companies at cost: listed Inari, hohup, Dgsb and others unlisted at RM 394.856 milliom as of 31th March 2021. So do the math Insas currently hold 545,503,575 inari shares how much it worth if mark to market?
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Posted by Mikecyc > 2021-05-31 00:16 | Report Abuse
Other income RM 65 million ????