Posted by xiaoeh > 2024-01-09 10:46 | Report Abuse

i still waiting at 0.755 to enter bro

Posted by xiaoeh > 2024-01-09 11:09 | Report Abuse

Posted by 无风不起浪，洞察不寻常 > 11 minutes ago | Report Abuse
以大市总成交量判断，现在已进入小牛市，股价难有高幅下跌的可能。

等不到也就算了。。。

Posted by TIticamara > 2024-01-09 13:40 | Report Abuse

We need a loaded activist investor to come in and use our voting rights to vote

https://asia.nikkei.com/Spotlight/Market-Spotlight/Japanese-companies-embrace-shareholder-activism-as-never-before

Posted by Lpc1225 > 2024-01-09 13:46 | Report Abuse

Within a week,m&a cap has moved from 33c to 37c,and
Inari has moved from rm3 to rm3.15 .
Insas holds about 1.2b of m&a
and about 500m of inari shares.
The total amount of paper gains is huge!!!

Posted by speakup > 2024-01-09 21:05 | Report Abuse

a true laggard this insas

Posted by Tatooine > 2024-01-10 20:26 | Report Abuse

Insas Directors are in the hot seat.
Shareholders repeatedly declare how bad they are doing in returning value to shareholders through share price and dividends and NO share buyback still. It is like they want the share price to be this terrible.
we know they are not running the company for minority shareholders and only for Thong...
There replies to questions when so many shareholders complain about such a low dividend are textbook avoidance. They might have a cash call.... there is over 1 billion in cash and M&A now a separate listed company and raise funds which is why from a 100% owned company it dropped so much... complete coverup, Thong probably wrote there answers.
They even admit "The Board highly values inputs, views and opinion from all shareholders including
the controlling shareholder, " .. if they did we would have a much bigger dividend, but they have gotten rich and want to keep there directors fees and other money so do as they are told.
They say "We are cautiously optimistic that FY2024 will remain profitable" mainly from Inari as well so give a special dividend!!
https://www.insas.net/pdf/Appendix%20B_Key%20Matters%20Discussed_61st%20AGM.pdf

Posted by Tatooine > 2024-01-10 20:54 | Report Abuse

It also states no major shareholder has asked for an application for waiver but the board is going to do it anyway. Talk about looking after one shareholder and not caring about the rest …

Posted by Lpc1225 > 2024-01-10 21:47 | Report Abuse

英莎本具沉魚貌
奈何寒烟蔽風華

Posted by Sslee > 2024-01-10 22:07 | Report Abuse

My sincere thanks to all the shareholders who attended the AGM and keep pressure on BOD for a better dividend.

Will see what will be the next dividend amount?

We expect FY2024 to be another tough and challenging year due to numerous global and domestic negative factors such as inflation risk, rising borrowing costs, rising costs of living, the on-going Russian-Ukraine war and the Israel-Palestine conflict. The prudent and conservative approach of the management and the Board in maintaining sufficient cash reserves to meet the funding requirements of key business unit such as moneylending and investment divisions, and also provide flexibility for the Group to invest in good investment opportunities that may come along.

The Board, after careful consideration, has proposed to maintain a stable 2.5 sen cash dividend per ordinary share which will provide a reasonable dividend yield of 2.8% at current market price, and to preserve and reinvest the retained earnings for the long-term growth of the Company, for prudent and cautious financial management practices and to safeguard against the global economic uncertainties

As stated in Question 10, the Board will review and evaluate the financial performance, the availability of free cash and funding commitments of the Group & the Company and the global economic outlooks for the next 1 year before deciding any additional dividend that may be proposed and declared by the Company

Posted by Sslee > 2024-01-10 22:11 | Report Abuse

The Board has not received any notice from any major shareholders and PAC on the proposed waiver application. However, the Board will pursue the proposal for the waiver of MGO with the major shareholders and evaluate the process of share buyback with a view to enhance shareholders’ value. The Board will announce the waiver application as soon as such notice is received. The waiver application will be subjected to the approval of the relevant authorities and non-interested shareholders of the Company at an extraordinary general meeting to be held.

Posted by xskyriver > 2024-01-10 22:44 | Report Abuse

Even though I am just a little ikan bilis, and also my remote participation got rejected, just notice that my question (Q15 & Q16) is there too, haha

Posted by xiaoeh > 2024-01-10 22:48 | Report Abuse

It seems Sslee successfully fight for 2.5 sen div
Congrats

Posted by Sslee > 2024-01-11 07:25 | Report Abuse

The BOD is in a very difficult position as they know the reasons given for not giving a better dividend are weak and unresonable. But they cannot do anything as the decision is from controlling shareholder Dato' Sri Thong.

As of why the controlling shareholder Dato Sri Thong with PAC (his brother and family members) holding 32.96% Insas like to keep the dividend low and thus share price of Insas low is a mystery to me.

Maybe the only hope for Insas is a deep pocket share activist come in and take over Insas.

Posted by Sslee > 2024-01-11 11:15 | Report Abuse

A rounding bottom is a chart pattern used in technical analysis and is identified by a series of price movements that graphically form the shape of a "U". Rounding bottoms are found at the end of extended downward trends and signify a reversal in long-term price movements.

Posted by Andre Kua > 2024-01-11 11:28 | Report Abuse

No surprise why the dividend is low. With hundreds of millions of extra cash, they can lend/borrow left to right with 0% interest, probably without much collaterals as well.

Posted by xiaoeh > 2024-01-11 12:17 | Report Abuse

What are the possible cataysts?

Posted by Sslee > 2024-01-11 12:48 | Report Abuse

Maybe share buy back is coming.

However, the Board will pursue the proposal for the waiver of MGO with the major shareholders and evaluate the process of share buyback with a view to enhance shareholders’ value. The Board will announce the waiver application as soon as such notice is received. The waiver application will be subjected to the approval of the relevant authorities and non-interested shareholders of the Company at an extraordinary general meeting to be held.

Posted by speakup > 2024-01-11 13:01 | Report Abuse

Waiting for KYY or OTB to scream buy.....then sure limit up!

Posted by Yoong888 > 2024-01-11 14:29 | Report Abuse

When its Rm1.50, even MGO at RM2.00 sounds cheap ... Inari value is already worth RM2.50 per Insas share. Insas has lots of cash too, M&A value, etc

Posted by TheContrarian > 2024-01-11 14:53 | Report Abuse

Go, go, go Insas.

Posted by TIticamara > 2024-01-11 15:44 | Report Abuse

Is there a huge activist fund buying? Vol is there.

Posted by Sslee > 2024-01-11 17:36 | Report Abuse

I do not have a deep pocket and I can only reasoning with BOD to give better dividend year after year.

Anyway Insas is unreasonably undervalued.

Posted by Sslee > 2024-01-11 18:29 | Report Abuse

TIticamara Is there a huge activist fund buying? Vol is there.
11/01/2024 3:44 PM

Tong Kooi Onn shareholder activist (The Edge Tong portfolio) is positive on Insas every week - top yield performance in his portfolio

This guy is a wizard 🧙 & do have big following

He always say Insas is one of the most undervalued stock on Bursa

Posted by TIticamara > 2024-01-11 19:09 | Report Abuse

Avg Volume (4 weeks)

614,615 and today's

Trading Volume

4,277,600

Something is brewing

Posted by TheContrarian > 2024-01-11 20:55 | Report Abuse

Every year I make money from Insas buy low sell high, sure case of making money.

Posted by TheContrarian > 2024-01-11 23:34 | Report Abuse

If Insas breach RM1 Leno the cat will return. Insas cantek.

Posted by speakup > 2024-01-12 07:46 | Report Abuse

finally Insas moving. neck soooo long already wait

Posted by TheContrarian > 2024-01-12 08:56 | Report Abuse

Leno will come out from Perth retirement soon.

Posted by xiaoeh > 2024-01-12 10:45 | Report Abuse

https://www.youtube.com/watch?v=imJ9ssxdqvI&t=3s
每次听别人讲冷门股Undervalue，到底怎样看的？冷门股什么时候会变热门股呢？【谈股论金 145】

Posted by xiaoeh > 2024-01-12 10:45 | Report Abuse

maybe it is time for Insas?

Posted by xiaoeh > 2024-01-12 10:49 | Report Abuse

but its historical high is not so high leh
and its historical low can go as low as 0.20-0.40
how..?
2015 1.30++
2017 1.10++
2021 1.05++

Posted by Sslee > 2024-01-12 11:04 | Report Abuse

In theory you can borrow 1 billion to take over insas and then use Insas cash to pay your 1 billion borrowing and what left inside Insas is all yours for free.

Posted by Tatooine > 2024-01-12 13:22 | Report Abuse

The Directors say long-term value as some attempt to cover their incompetence and that they are just doing what they are told and not the best for the company.
I just checked; in 2000, the insas share price was higher than it is today 24 years later!!
If that does not tell you the current directors are not fit for their jobs, nothing else does!!!

Posted by Sslee > 2024-01-12 14:39 | Report Abuse

Go and find me a company that able to increase the company net worth:
RM 1,198,048,000 as at 30/6/2014 to RM 2,340,464,000 as at 30/6/2023 before you say BOD and Management do nothing.

Posted by TheContrarian > 2024-01-12 15:16 | Report Abuse

Insas cantek.

Posted by TIticamara > 2024-01-12 16:38 | Report Abuse

1 soon

Posted by TheContrarian > 2024-01-12 16:48 | Report Abuse

Go, go, go Insas.

Posted by TheContrarian > 2024-01-12 16:55 | Report Abuse

Insas memang cantek, next week Leno the cat will return.

Posted by Tatooine > 2024-01-12 17:12 | Report Abuse

Thong via mainly his investment years ago in inari and his work with them has made Insas valuable. I do not disagree with that.
But for minority shareholders return via share price or dividend is the measure of value in a listed company. There he has failed and the board supports that.

Posted by Sslee > 2024-01-12 17:21 | Report Abuse

This is net worth of Icapital:
RM 426,999,000 as at 31/05/14 and RM 476,000,000 as at 31/05/23 and TTB claim he is the best Fund manager in Malaysia and often quote Warren Buffet.

Not forgetting Insas associate companies only value at book RM 576,101,000 as at 30/09/23.
Note: Insas still hold 537,008,575 Inari share as one of it associate company.

Posted by Tatooine > 2024-01-12 17:22 | Report Abuse

Some inari share sales .. Is that Thong selling 2 million inari shares ? So he makes money from a share price going up in another company but refuses to do same for Insas !

Posted by Sslee > 2024-01-12 17:26 | Report Abuse

Name INSAS BERHAD
Details of Changes:
Currency -

Date of Change Type Number of Shares
09-Jan-2024 Disposed 2,000,000
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 of shares in the open market
Total no of securities after change
Direct (units) 0
Direct (%) 0.00
Indirect (units) 535,008,575
Indirect (%) 14.28
Total (units) 535,008,575
Total (%) 14.28
Date of Notice 12-Jan-2024

Posted by lene > 2024-01-12 17:27 | Report Abuse

Insas Cantik

Posted by lene > 2024-01-12 17:28 | Report Abuse

cantek

Posted by lene > 2024-01-12 17:48 | Report Abuse

to SSLEE.... I MISS YOU SO MUCH...... sorry that I'd disappeared for 3 years.
在這三年，我一直都很想你。SSLEE哥哥

NOW I AM BACK..


INSAS.............. CANTEK!!!!!!!!!!

Posted by TheContrarian > 2024-01-12 18:24 | Report Abuse

@Sslee, no harm not to take some profits next week.

Posted by AyamDua > 2024-01-12 18:30 | Report Abuse

The only hope is as what SSLEE mentioned. A superman (calvintaneng? KYY? OTB, or even SSLEE himself? all are welcomed!) come and propose a TAKE OVER OFFER at USD 1 per INSAS share.

Posted by Sslee > 2024-01-12 19:17 | Report Abuse

I think the BOD is serious on share buy back.

However, the Board will pursue the proposal for the waiver of MGO with the major shareholders and evaluate the process of share buyback with a view to enhance shareholders’ value. The Board will announce the waiver application as soon as such notice is received. The waiver application will be subjected to the approval of the relevant authorities and non-interested shareholders of the Company at an extraordinary general meeting to be held.

Posted by xskyriver > 2024-01-12 19:21 | Report Abuse

Sslee net worth increases for a few million this week.

Posted by TheContrarian > 2024-01-12 19:26 | Report Abuse

Congratulations to Mr Sslee.