SSL deserves his winnings as he has integrity , no bad mouthing & work intelligently engaging Insas on matters on investor interest unlike those who are from different planets 😊
At my age, money is just a figure as I do not have much use for money unlike when I just start working or start my family, I need money to support my parent and family.
Mike-tikus, Stockraider will come in and spend RM 5,000 buying 1 million of WC come year 2026 as what he had done with WB in 2020.
Posted by Mikecyc > Jan 17, 2024 5:13 PM | Report Abuse Haha Konartist sslleee as posted earlier when you posted I oredi sold Jaks … My In ratio > 40 :30 :30 , Out ratio > 30 : 30 : 40
Mike-tikus Why you did not use your winning in-out ratio to protect your holding in capA but dumb dumb hold capA?
I actually flight back, undergo the covid 19 quarantine period and with my mum during her ICU hospitalization. My mum recovered and that year CNY I can't go back but my wife and my childrens are with my Mum in Alor Star celebrating CNY.
Posted by leno > Jan 17, 2024 3:22 PM | Report Abuse Shoes company keep shoes as inventory Steel company keep steel as inventory Investment company keep what as inventory ? CASH mar .... if no cash how to invest in tech companies in China ? Use cow shit meh ?
MUAHAHAHAHAHAHHAH !!
Leno is right this is why Berkshire Hathaway hold so much cash and so is icapital.
Cash on Hand as of September 2023 : $157.24 B According to Berkshire Hathaway 's latest financial reports the company has $157.24 B in cash and cash equivalents.
Today we have almost 5 stocks today that had shown large limit down for the past 5 days loh! That are : 1. Rapid Rm 3.96 v highest rm 29.54 2 YNH Rm 1.22 v highest Rm 5,20 3. SCIB Rm 0.535 v Rm 1,20 4. Mercury Rm 0.455 v Rm 0.9 5. Imaspro Rm 1.23 v Rm 6.00
A simple financial check will indicates all these are not supported by strong fundamental financial matrix of namely NTA, PE, DIV, ROE, Growth despite had been goreng up sky high loh!
It finanally collapse loh!
If u compare all these 5 stocks...fundamental perform poorly v INSAS loh!
The the reasons why INSAS share has big upside and sustained at current high level, whereas the 5 loser stocks, Raider mentioned fell like 10 pins loh!
The current mkt run up are mainly supported by strong fundamental like Insas, Kseng & OSK that surge strongly beside having good earnings & good strong balance sheets, it has very good sustainable fundamental loh!
Investors are advise to be wary of high speculative stocks & peg their investment that can be supported by good margin of safety like very good pick insas mah!
Tomorrow likely another sea of red in the market. So be prepared someone gonna sell down further. Nobody can push price higher. Once you up, all will sell.
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I just checked the outstanding short selling position of Insas. Apparently it's now zero. There used to be short sellers depressing the price but they were all forced to covered their short positions. Inari there's a huge outstanding short selling position, one of the highest.
If Insas is serious about investment in Financial assets at fair value (quoted shares) then BOD should employed somone that is as capable as HEXZA to do the investment.
From HEXZA At the Group level, dividend income of RM1.88 million was received from our investments in quoted and unquoted shares. The Group’s cash and cash equivalents amounted to RM69.72 million as at the end of the current financial year compared with RM80.15 million in FY2022. Investments in quoted shares as of 30 June 2023 were RM227.04 million, compared with RM117.95 million in FY2022. The Group’s investment in shares quoted in the United States and Malaysia recorded unrealised gains of113.8% and 2.9%, respectively during the year.
Material subsequent event There are no material events subsequent to the end of period reported on to the date of this report which have not been reflected in the financial statements for the quarter ended 30 September 2023 except the following: 1) On 11 October 2023, the Company has disposed a total of 10,000 ordinary shares in NVIDIA for total cash consideration of RM21.81 million in open market on Nasdaq Stock Market. The gain on the disposal as compared to the average cost was RM17.85 million.
2) On 11 October 2023, the Company has acquired an aggregate of 185,000 ordinary shares of SYMBOTIC Inc (“Symbotic”) for a total gross cash consideration of RM36.72 million in open market on Nasdaq Stock Market.
3) As at 23 November 2023, the aggregate value of the investment portfolio was RM51.23 million higher as compared to the reported value as at 30 September 2023.
I dont think I would support your idea of re-investment if you want them to use the extra cash to trade stocks. That is not an investment but trading. I dont think they are capable of sustaining that over a long period of time. An investment should be a long term prospect that you can reap at a later date when you turn the said company around. If you just want to trade stock, why not jump into US Market yourself instead of letting Insas doing it for you.
From INSAS Annual report: FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSS Group 2023 2022 RM’000 RM’000 Quoted securities, at market value - in Malaysia 41,072 69,212 - outside Malaysia 181,760 180,158 222,832 249,370
The Group’s financial assets at fair value through profit or loss amounting to RM151,399,000 (2022: RM160,553,000) are pledged to certain licensed banks and financial institutions for banking facilities granted to the Group.
5.) On Associate Company Divfex ( formerly DGSB ) .. Insaf increased holding from 19.97 % to 25.72 % … Regularisation Plan time frame submission in another 2 months as posted earlier ( Since 2020 loh ) .. By July 2023 ..
Mike-tikus, Can you please stop posting your cut and paste recycle misleading statements about Insas in Insas forum.
By the way do I need to repeat again the staff expenses increase is due to M&A securities increase business and thus increase incentive payment paid to brokers and remisiers.
Stock [M&A]: M & A EQUITY HOLDINGS BERHAD Announcement Date 05-Jul-2023 Reference No CS2-05072023-00007 Substantial Shareholder's Particular: Name INSAS BERHAD Details of Changes: Currency - Date of Change Type Number of Shares 30-Jun-2023 Acquired 10,502,200 Registered Name M & A Nominee (Asing) Sdn Bhd for Montego Assets Limited Nature of Interest Indirect Interest Nature of Interest Indirect Interest Shares Ordinary Shares Reason Acquisition of shares in the open market. Total no of securities after change Direct (units) 206,627,756 Direct (%) 50.49 Indirect (units) 0 Indirect (%) 10.34 Total (units) 1,215,718,665 Total (%) 60.83 Date of Notice 05-Jul-2023
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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....
TheContrarian
9,193 posts
Posted by TheContrarian > 2024-01-17 16:26 | Report Abuse
There's no doubt the biggest winner in Insas is MrSslee. Despite some hurtful comments from some people, I believe they all are happy for you.