Will the show continue! This week is crucial! Looks like the huge buying of 138 millions will breakout! I could have mistaken contra volume with institutional buyers! Damn! Should have studied the transactions carefully!
Hi sosfinance and probability, your calculations on Insas NTA is not very accurate. Insas's Inari's holdings at book value is around RM90m. At currents prices, including warrants, Insas's market value of Inari and warrants is RM 513.8m. Deduct book value of RM 90m, net gain of RM 423.8m. Translate that to NTA/per share is 0.61. So, theoretically, the NTA of Insas with only the net gain on Inari is RM 2.32.
realistically, I think if we forecast EPS for FY2014 to be 0.25 (it's already 0.15 now for 2 quarters), and give a PE of 10 (reasonable due to holding company status), the TP is RM 2.50. Based on NTA alone it's already RM 2.32 (including only Inari's paper gain). So TP of RM 2.50 is fair.
Iwyy60, your TP for Insas is how much? Derektan, based on your analysis...u believe Insas can hit 2.50 that high? I have been holding for close to 6 mths...so thing it is moving now.
if Insas today after 3pm not drop much (LAst Tuesday T+4)..4pm may start to fly high again. But I don't think much contra available liao cause contra may sell at today 1.29 (Last Tuesday High)
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Posted by GGmalaysia > 2014-03-29 23:45 | Report Abuse
*watching show with my popcorn and coke* calculating how much will it jump after touching 1.30 again