Following the share disposal, Insas’ equity interest in Inari stands at 596.85 million shares or 18.37%. This has effectively slashed Thong’s indirect interest in Inari to 600.57 million shares or 18.48%.
Thong, who also serves as the non-executive director of Inari, owns a direct stake of 0.04% or 1.29 million shares in the company.
Someone still needed a white man number to tell him Insas is undervalued. With close to RM 1 billion cash and bank balances Insas has problem in how and what to invest in.
Maybe someone 50% cash is only less than 100K just good enough to invest in penny stocks like zelan.
Haha if look at Receivable RM 622.8 million n Payable RM 177.8 million .. such a Huge Profit is forseen to be collected , why did RI , PB n WC ? n sold 5 % Inari share at cheap cheap price ? so desperate ? What is MA subsidiary business profession ???
Good morning i3lurker, When you have RM 1 million or 10 million it is so easy to invest in share market but when Insas got close to RM 1 billion the Management got problem what to invest.
By the way i3lurker when you buy share on contra the broker firm will record as receivable and when you sale on contra the broker firm will record as payable untill T+3 payment day. Am I right?
If you truly believe in it you should never cease buying if it's selling at bargain price. When the time is right you must learn to sell periodically to lock up profits.
diversify or not has neutral effect. to diversify - not wrong not to diversify - not wrong telling others must diversify - wrong telling other must not diversify - wrong
Me ? I am the most intelligent investor. I don't hold on to useless belief. Both beliefs contribute nothing so ever like i said - NEUTRAL effect. Do what u like - again Neutral effect. Believing your belief is better than other ? This one is BONGOK
Your belief is better than other is when your Total result is better than other people. Total result is better than other is reflected by how much money u make in percentage and in real number. Making 1,000% but in real number is only RM 100 ringgit doesn't count. Making 10% but equal to RM 1 million give us a lot more information. Claiming got RM 60 million but not a single name in annual report is cow sheet.
HAHAHAHAHAHAH.
I have held 11 companies at one time, 1 company at another time, and sometime Zero company with 100% cash on hand. And my result and effect on me is a total AWESOME !!
If i to put up something like sometimes we must diversify sometime we must not diversify sometime we must only hold cash doesn't this sound a bit more reasonable ?
I can give u many many funny analogy that does not make sense something like
If 5 of u and friends going to Australia makan angin will 5 of u take 5 different flight or 1 single flight ? If u take 1 single flight, and the flight got delayed or cancelled, all your 5 persons hotel booking and other things will be burnt. What happen if that flight crash into indian ocean ? Doesn't taking 5 different flight make more sense ?
Or
If u have 5 children, would u send each of them to 5 different schools ? U never know which school suddenly perform better than the other and u also can avoid sending all 5 into 1 worst performing school. Sound familiar ?
On top of using so much petrol and time to drive to 5 different school, .. oh ... i can use 5 different school buses to send my kids to 5 different school ... HAHAHAH.
Isn't it obvious just to check the 5 different schools and choose the best school to send all your 5 kids to ? No ? What if suddenly the school principal change to a useless principal. Just take out ALL 5 of your kids and send them to other school lor. WHY ? U plan to take 4 out and leave 1 there is it ?
HAHAHAHAHAHAHAH .... this is just some funny anology. don't angri okay.
So, if u do not know anything about 5 stocks. And someone put a gun on your head, and say rule 1 u must invest all your money, and rule 2 u must not lose all your money rule 3 u cannot sell as u wish than u may choose to diversify into the 5 UNKNOWN stocks.
By choosing to buy into 5 reduce chances u lose ALL in 1 go.
The 3 elements here are "UNKNOWN" , "LOSE ALL" and "cannot sell"
But in real life these 3 can be manipulated. Unknown can be change to known. Lose all can be compensated with monthly salary earning from your job cannot sell - to who say cannot sell ?
Take Serba, in June KPMG give big hint about Fraud, but why instead of sell, someone go and buy more ? HAHAHAHAHAHAHAHAH !!
If u are young guy, with RM 10 k to invest, how fak are u going to diversify into 10 stocks ? RM 1000 per stock ? Why not put RM 10k in 1 stock, then with next few months salary, u can put in another "known" stocks. Even u loss all RM 10 k, your next salary will cover or let u restart again.
Even if a company take a bad turn, u can sell them or u can sell them just to buy a better one or if u need cash, u can sell them agaain who say cannot sell ?
If u got RM 1 million cash like sslee. And after invest, u are going meditate inside some cave for 1 whole month, then u may choose NOT to put everything into Xingquan or any ONE stock, U worry later come out from jungle, u found xingquan has disappear from Bursa ... forever.
But diversify into 5 companies like serba, kpower, scib, sapura, etc .... doesn't make u any better.
So, If u REALLY need to meditate 30 days inside some cave, just keep your cash in bank for 30 days, and re-invest after u come out from the cave mar. No ?
All plantation stocks will report a very good next quarter profit And I have a feeling that Insas will also report a very good next quarter profit so @TheContrarian last chance to collect Insas at 81.5 cents.
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....
Mikecyc
44,165 posts
Posted by Mikecyc > 2022-04-19 22:20 | Report Abuse
From The Star dated : 3-7-2021
Following the share disposal, Insas’ equity interest in Inari stands at 596.85 million shares or 18.37%. This has effectively slashed Thong’s indirect interest in Inari to 600.57 million shares or 18.48%.
Thong, who also serves as the non-executive director of Inari, owns a direct stake of 0.04% or 1.29 million shares in the company.