I visited Ranhill Worley in 2005 as a sales. They occupied at least 10 floors in a grade A KL office. In 2006, i visited YTL engineering in Bukit Bintang. I was shocked to say the least when i was informed by YTL engineer that they only occupied 1 floor. FYI, SSlee
My question 11. Please allow me to add in addition question for the upcoming INSAS 59th AGM
I am thankful, grateful and at the same time disappointed with the 2.5 cents dividend for FY21 when EPS for FY21 is 36.53 cents.
Refer key matters discussed on Dividend:
57th INSAS AGM 2019 The Board has adopted a prudent and conservative dividend payout for this FY in view of the current difficult and uncertain market conditions, both domestic and global. The Board is also mindful of the obligations to redeem RM132 million of Redeemable Preference Shares, which are due for redemption by end February 2020.
In 2019 57th AGM the Board mindful of the obligations to redeem RM132 million of Redeemable Preference Shares due on Feb 2020 decided to give 2 cents Dividend for FY 19, but this had been proven unnecessary as a new RIGHTS ISSUE (2 RPS with 5 Warrants for every 10 existing shares) was successfully carried out in Feb 2021and raised RM 132,604,000 to repay the bridging loan used to redeem the Preference Shares.
Refer key matters discussed on Dividend 58th INSAS AGM 2020 The Board will assess the dividend rate in the FY 2021 and will take into consideration various factors such as earnings, available cash, bank debts, working capital requirements, growth and investment opportunities in order to provide sustainable returns to shareholders for their continuous support to the Company.
So let’s examine the various factors and the result achieved for FY 21:
A. Earnings: Achieved EPS 36.53 cents
B. Available cash: (Page 86) Total CASH AND CASH EQUIVALENTS: RM 902,253,000. Cash, Bank Balance and FD pledged: RM 259,795,000. Cash available: RM 642,458,000
C. Bank Debts: (Page 152): Total LOANS AND BORROWINGS: RM 236,556,000
D. Working Capital: (Page 75) Trade receivables: RM 443,423,000. Inventories: RM 11,188,000. Property development costs; RM 11.078,000
E. Growth and Investments: (Page 75): Financial assets at fair value through profit or loss: RM 220,198,000. Other receivables, deposits and prepayments: RM 70.934,000. Amount due from associate companies: RM 82,557,000. Financial assets at amortised cost: RM 1,208,000
As per latest quarter end 30/09/2021 financial report: Total CASH AND CASH EQUIVALENTS is RM 948,685,000 as on 30/09/2021
Q11: After carefully examining all the various factors mentioned by the Board versus achieved to determine FY2021 dividend rate, I hope the Board can agree with my opinion INSAS can afford a higher dividend rate based on achievement on all the above various factors. Hence I sincerely appeal to the Board beside a normal dividend of 2.5 cents please kindly give another special dividend as relief for shareholders facing Covid-19 induced hardship. I on behalf of INSAS shareholder express my many thanks to the Board in advance
Don't be silly lah, trying to defame sifu sslee lah!
warrant gain...is capital gain mah!
Lu tau boh?
The warrant is peg to your Preference share mah!
If leno think it is your income , u r welcome to pay income tax on your high income mah!
Boloh punya olang loh!
Very dishonest for leno to twist around mah!
Viva to sifu sslee mah!
Posted by leno > Nov 25, 2021 10:03 AM | Report Abuse
This year insas has give out 2 sen dividend in january followed by 5 free warrant for every 10 share = half warrant per share. current WC is 44 sen therefore half warrant = 22 sen.
So, this year insas has given out 2+22 sen dividend per share = 24 sen. Why u purposely twist and say only 2.5 sen ? Even u sold out 30 sen wc. u still get 2+15 = 17 sen per share, not 2.5 sen. U know this, i know this, and u think ah thong will not know this.
U have to be sincere. Dishonesty will breed bad seed.
Each is entitled to each opinion. The moral of the story is if you want something, please do not hesitate to ask for it and tell them how you feel and reasons behind your asking.
At less you have try/ask and whether you get what you ask for let the person you ask to decide.
Pls leave sifu sslee alone....as they are fighting for our rights mah!
The directors need explain why high profit, high cash balance & good dividend from inari....Insas pays so low dividend mah!
Let them explain mah...if they got good answer loh!
Lu tau boh?
Posted by leno > Nov 25, 2021 10:18 AM | Report Abuse
Leave ah thong alone, or just leave ah thong. u so good, go open one company, list it up, make profit and give big dividend to shareholders. walk your talk, don't just talk talk talk.
As I said before I am thankful and grateful to DS Thong for keeping Insas at depressed price for so long so that I can use my other 50% trading gains to keep topping up my Insas till I am now at number 30 of Insas shareholders list.
During Netx fund raising , aka id id Good123 n Victor Yong r posting support in netx n will own deleted own posts . Pretender is posted during final stage of fund raising supporting raider .
Saying raider made 1 Myvi , then raider said made 2 Myvi .
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Post removed.Why?