SSlee. Insas is in my watch list. My opinion, 0.91 worth buying? I am looking at Insas's trading range over the last 5 years as a guideline instead of NTA. If you got too much money and can wait, no issue. Otherwise, can always wait. I will buy and sell when reach RM1, so 10% gain is not appealing now
They waiting for corporate raider to take over la... As the management seem don't know where & what to invest all this cash. Holding cash is still a costs to the company.
I remember in the mid-1990s, many punters were caught with Insaf, some may be holding them till now. NTA at the moment is pretty good and management super conservative. One day may become super blue chips. Question is when?
SSlee. Jim Cramer is not God but someone who i listen to. This might be your answer for O&G boom and bust cycle? In fact, from my readings gathered so far, not only oil, metal commodities also same conservative approach on production expansion. Hence, i anticipate high resource prices for years to come. Most people will suffer from high inflation. One way to hedge against that is to invest in oil, metal resource companies. I just took an Airasia flight on Tuesday to visit Petronas clients and it was 70% full. I was told that all budget for 2022 has been approved 100%. (2020 cut 45%, 2021 25%) 2023 gonna be even better. Now while you are waiting for Insas to be taken over or the major shareholders came to their conscience to give you more dividends, let's buy some O&G stocks, especially Hibiscus. Don't just enrich your Insas directors la, help push up Hibiscus so i could retire at 50
I do not think in mid-1990s insas is a value buy. Only now because of accumulated profit/cash and still holding 535,993,575 (14.48%) Inari share make Insas the most undervalued stock in Bursa.
Mike, No wonder i3lurker labelled you as silly mike. Disposed of 13.5 million shares in Inari Amertron Bhd become: Mikecyc Haha oredi sold 5 % Inari share with Huge Profit ...
I already voice up shared prosperity or common prosperity to share out the cash hoard to all Insas shareholders if insas cannot find any worthwhile investment to invest but Leno object because Leno only hold the WC.
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MQ Trader 820 views | 5 d ago
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Sslee
5,944 posts
Posted by Sslee > 2022-01-19 12:48 | Report Abuse
I3lurker,
I too eagerly awaiting your 2 stocks to bet with silly Mike.