Sslee ** Up to 7 February 2020 - as disclosed in Note 44(a)(ii) to the financial statements. Disposal of the Group's Singapore car rental division. Hopefully with the disposal will save on director and staff cost 16/08/2021 7:18 AM
I was referring to the theoretical price of Insas WC.
It is with heavy heart for me to say that the theoretical price of WC is currently only 0.27 when calculated using the traditional BSM (non-dliutive) model.
And if a dilutive model is used together with dividends, the theoretical price of WC will be around 0.22.
At 0.39, Insas WC is way over-priced.
p.s. I heard the pleas from millions of WC holders, asking me not to change the volatility percentage. I did everything I could until the final moment to save the pricing, at least until we have finished dealing with Covid-19 and the vaccination programme.
I could have taken the easy way out by sacrificing my principles to stay with the wrong volatility percentage. I chose otherwise.
Sslee Mean: Insas is super undervalued!!! 16/08/2021 7:26 PM
As for the value of Insas, go through all the SBUs and look at the return on capital employed.
The only valuation method that the market appears to be using is the sum of parts method, and it's only one third of Inari. (Keep an eye on EPF's disposal.)
I had wanted to give you some talking points when you next meet them.
However, the numbers do not suggest that the key decision maker will listen. That, in itself, may be a part of a series of issues that is causing the valuation gap.
Best wishes and may you achieve your targeted returns.
Sslee Ok thanks, It mean I am right to sold WC and bought Insas. 16/08/2021 10:14 PM
I Invest, So That I Live Like a Man…Not a Donkey, Dog or Monkey November 18, 2013 | 17 Comments
In my collection of short stories that I have found on the Internet or in books and magazines, here is one that I believe carries a deep meaning, and a harsh truth, for our lives.
Here it goes.
God created the donkey and said to him: “You will be a donkey. You will work un-tiringly From sunrise to sunset carrying burdens on your back You will eat grass, you will have no intelligence And you will live 50 years.” The donkey answered: “I will be a donkey, but to live 50 years is much. Give me only 20 years.” God granted his wish.
God created the dog and said to him: “You will guard the house of man. You will be his best friend You will eat the scraps that he gives you and you will live 30 years.” The dog answered: “Sir, to live 30 years is too much. Give me only 15 years.” God granted his wish.
God created the monkey and said to him: “You will be a monkey. You will swing from branch to branch doing tricks You will be amusing and you will live 20 years.” The monkey answered: “To live 20 years is too much. Give me only 10 years.” God granted his wish.
Finally God created man…and said to him: “You will be man, the only rational creature on the face of the earth You will use your intelligence to become master over all the animals You will dominate the world and you will live 20 years.” Man responded: “Sir, I will be a man but to live only 20 years is very little. Give me the 30 years that the donkey refused, The 15 years that the dog did not want And the 10 years the monkey refused.” God granted man’s wish.
And since then, man lives 20 years as a man, Spends 30 years like a donkey, Working and carrying all the burdens on his back.
Then when his children are grown, He lives 15 years like a dog taking care of the house And eating whatever is given to him.
So that when he is old, He can retire and live 10 years like a monkey, Going from house to house and from one son or daughter to another Doing tricks to amuse his grandchildren.
That’s Life.
Indeed, that’s life! I have seen people all around me living an exact life as described above.
From living like a man, to a donkey, then a dog, and then a monkey…all in one lifetime.
Name INSAS BERHAD Details of Changes: Currency - Date of Change Type Number of Shares 12-Aug-2021 Disposed 1,060,000 Registered Name M & A Nominee (Asing) Sdn Bhd for Media Lang Limited Nature of Interest Indirect Interest 11-Aug-2021 Disposed 1,250,000 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) 543,193,575 Indirect (%) 14.76 Total (units) 543,193,575 Total (%) 14.76 Date of Notice 16-Aug-2021
Wonder why Insas sold 2.31 million Inari shares when Insas already hold so much cash?
Posted by Sslee > Aug 17, 2021 3:26 PM | Report Abuse
Name INSAS BERHAD Details of Changes: Currency - Date of Change Type Number of Shares 12-Aug-2021 Disposed 1,060,000 Registered Name M & A Nominee (Asing) Sdn Bhd for Media Lang Limited Nature of Interest Indirect Interest 11-Aug-2021 Disposed 1,250,000 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) 543,193,575 Indirect (%) 14.76 Total (units) 543,193,575 Total (%) 14.76 Date of Notice 16-Aug-2021
Wonder why Insas sold 2.31 million Inari shares when Insas already hold so much cash?
Pnb, EPF, kyy, OTB - u all should takeover this company from dtk tong, sell off all the inari shares for 543mx3.60 =1954.8 m . even buy insas at 2 rgt ( nosh is 693m shares so at 2 rgt per share only cost 1386m ) on top is 800m cash. Then reward all the minority shareholders like us who has invested in insas but no rewards from current owners.
lawpc128 Pnb, EPF, kyy, OTB - u all should takeover this company from dtk tong, sell off all the inari shares for 543mx3.60 =1954.8 m . even buy insas at 2 rgt ( nosh is 693m shares so at 2 rgt per share only cost 1386m ) on top is 800m cash. Then reward all the minority shareholders like us who has invested in insas but no rewards from current owners. 18/08/2021 11:21 AM
Whether Insas has the cash or otherwise, that all the SBUs are under-performing; that the investment holding segment is making losses due to repeated proprietary trade errors; and excessive executive compensations that are not linked to performance - do not bother me at all and will not cause me to feel angry. Furthermore, anger destroys no one but yourself.
Just because I have not posted about Inari does not mean that there are no issues with the company. It just mean that I have not posted them yet.
Since you have so much hopes that are predicated on Inari, I will not shatter them.
"Our lives depend on hope. If you have hope, you’ll be able to overcome problems you face. But if you’re without hope, your difficulties will increase. Hope is linked to compassion and loving kindness." - Dalai Lama
leno u see leno invite Psai to insas to counter check if leno miss anything. This fellow can and will track all insas factories and offices using satellite and google meet.
So far, psai cannot come out with any even tiny nano-fraud about insas. Everything is REAL.
Psai confirmed Insas really hold so much CASH until he feel so angry. Angry for what, don't ask leno.
Diamond7 Hidden gem!!! Highly undervalue!!! Directors Please give us more than 2 cents dividend... 4 cents la..... Plus special dividend.... 21/08/2021 1:54 PM
Haha. Yes also share dividend(distribution of treasury share) or if possible distribution of inari share.
"If you ever want dividend badly, let it go. If it comes back to you, then it's yours forever. Well, at least until the next rights issue or private placement. If it doesn't, then it was never yours to begin with". - Indecent Proposal remixed by PSAi3alert
Whether dividend is a want or hope...insas is going to pay high dividend due to current very high record profits mah!
Posted by PSAi3alert > Aug 21, 2021 6:53 PM | Report Abuse
Dividend is a WANT not a HOPE.
"If you ever want dividend badly, let it go. If it comes back to you, then it's yours forever. Well, at least until the next rights issue or private placement. If it doesn't, then it was never yours to begin with". - Indecent Proposal remixed by PSAi3alert
As mentioned, dividend is a WANT and if that is perceived to be the key lever for share price; that's what investors will get.
And in the pursuit of dishing out dividends, the cumulative dividends issued will be greater than the amount of money gained from the business operations.
In order to satisfy the WANT of dividends, there will be constant request for cash in the form of share issuance, private placement, rights issues, warrant conversions, etc.
The amount of cash request will and have eventually be greater than the dividends that were issued.
Ultimately, a situation called dividend smoothing will arise.
FYE 30/06/2013 - 08/09/2021 Cumulative Net Profit (NP): RM1,609.298M Cumulative Depreciation: RM560.837M Cumulative Purchase of PPE: RM911.002M
Cumulative (NP + Depr. - PPE purchase): RM1,259.133M
Cumulative Dividend Paid: RM1,128.260M
Cumulative Issuance of shares, PP, rights proceeds, etc: RM1,783.715M
FYE 30/06/2017 - 08/09/2021 Cumulative Net Profit (NP): RM1,168.263M Cumulative Depreciation: RM443.231M Cumulative Purchase of PPE: RM646.976M
Cumulative (NP + Depr. - PPE purchase): RM964.518M
Cumulative Dividend Paid: RM956.972M
Cumulative Issuance of shares, PP, rights proceeds, etc: RM1,473.128M
p.s. Benjamin Graham lived in simpler times. Today, it's important to learn skills from Culinary Institute of America (CIA) or Culinary Institute of Ampang (CIA).
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....
Gerrardo
630 posts
Posted by Gerrardo > 2021-08-16 11:38 | Report Abuse
Hope the report will not be delay.
Posted by leno > Aug 16, 2021 9:38 AM | Report Abuse
Insas 4th Quarter report will be out in 10 days time.
Meaning FY 2021 result will be known as well.
FY eps 42 sen.
PE 2.2
La La LA LA LAAAAAAAA ...
CANTEEEEEEEEEEEEEEEEEEEEEEEEEEEKK !!