Hope another party is interested to bid for Insas so that the share price is not depressed all the time. The share price is being depressed for > 10 years. The share price of Insas should be like the share price of Inari, at least reflects its fundamental. The share price of Insas below 1.00 is not a fair price, the 4 quarter rolling EPS is 18.16 sen, the share price at least should be equal to 1.82, trading at a PER=10. My 2 cents comments. Thank you.
A very good shareholder question during the AGM. I like to comment endeavor to maintain a dividend range of 2.5% to 3.3% pa but surely as a financial savvy person this dividend should not be based on highly undervalue share price of 88 sen but should be based on Insas NTA of RM3.50 per share as a reference point.
If RM3.50 is a reference point, a FD rate of 3% pa, it will mean Insas should be paying dividend of 10 sen per share and not 2.5 sen.
because insas also got preference shares u dumb head. that is why i always know insas will not increase dividend for last 3 years and for the next 2 years. I also never subcribed to wb last time and so, why do i subribed to wc this time ? Because i know what u dunno mar. I will go hibernate for another 5 years will go meditate in NZ, AU and Japan. Adios !!
I MET JOHN CHOIVO IN JOHOR IN YEAR 2018 AND TOLD HIM TO BUY INSAS (BUT I THINK WE WENT TO BUY THE WARRANT) THINKING IF INSAS MOTHER SHOULD RISE UP (BUT IT DIDN'T)
SEE
A DEEPER LOOK AT INSAS BERHAD. IS IT REALLY WORTH RM3.00 ACCORDING TO LENO?, Calvin Tan Research
On Jan 2024::15, 12, 11 and 9 Media Lang dispose total 5 million Inari shares in open market. So quarter end 31th Dec 2023 and quarter end 31March 2024 there will be gain of disposal of shares in an associate company
The question will Insas dispose more Inari shares?
Stock [INARI]: INARI AMERTRON BERHAD Announcement Date 17-Jan-2024 Reference No CS2-16012024-00107 Substantial Shareholder's Particular: Name INSAS BERHAD Details of Changes: Currency - Date of Change Type Number of Shares 15-Jan-2024 Disposed 73,500 Registered Name M & A Nominee (Asing) Sdn Bhd for Media Lang Limited Nature of Interest Indirect Interest 12-Jan-2024 Disposed 926,500 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) 532,008,575 Indirect (%) 14.20 Total (units) 532,008,575 Total (%) 14.20 Date of Notice 17-Jan-2024
Repost Stock [INARI]: INARI AMERTRON BERHAD Announcement Date 27-Dec-2023 Reference No CS2-18072022-00070 Substantial Shareholder's Particular: Name INSAS BERHAD Details of Changes: Currency - Date of Change Type Number of Shares 22-Dec-2023 Disposed 5,000,000 Registered Name Insas Technology Berhad Nature of Interest Indirect Interest 22-Dec-2023 Acquired 5,000,000 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 Acquisition and disposal via Direct Business Transaction Total no of securities after change Direct (units) 0 Direct (%) 0.00 Indirect (units) 537,008,575 Indirect (%) 14.33 Total (units) 537,008,575 Total (%) 14.33 Date of Notice 27-Dec-2023
Guess next quarter result how much will insas report on gain on dispisal of shares in an associate company on above transaction ? 02/01/2024 7:08 AM
Know why 95% of investor lose money? Know those stocks that went limit down these few days have in common?
Insas has good EPS, pay dividend, NAPS RM 3.56 and growth it Net worth every year RM 1,198,048,000 as at 30/6/2014 to RM 2,340,464,000 as at 30/6/2023.
At RM 1.16 insas is still the most undervalued stock in Bursa.
OTB Hope another party is interested to bid for Insas so that the share price is not depressed all the time. The share price is being depressed for > 10 years. The share price of Insas should be like the share price of Inari, at least reflects its fundamental. The share price of Insas below 1.00 is not a fair price, the 4 quarter rolling EPS is 18.16 sen, the share price at least should be equal to 1.82, trading at a PER=10. My 2 cents comments. Thank you. 18/01/2024 9:25 PM
Insas is the case study of a value trap. It hibernates drifting down, goes sideways, drift down, inched up, goes sideways, then one fine day it spikes up and all the experts come out saying it's deeply undervalued and start forecasting target prices that it will not reached as it's a value trap.
Mikecyc is always here in Insas forum because he actually secretly buys Insas cheaply and disposes at high prices making tons of money. He doesn't reveal it but we know. Congratulations to him.
By the way recent days price spike is a good exit for some retail investors/minority shareholders.
Will it go up further is most likely depend on any big money coming into Insas. That is why life is interesting because you do not know what awaiting you.
The pattern of spike I observe is a syndicate play. The timing of the "deeply undervalued" write up and comments are suspicious. This is already a known fact for the past 15 years.
I only consider Insas deeply undervalued because of it holding in Inari that generate good dividend to Insas yearly that allow it to build it's net worth every year from RM 1,198,048,000 as at 30/6/2014 to RM 2,340,464,000 as at 30/6/2023.
Everyone admits that Insas is indeed deeply undervalued and has been deeply undervalued for over a decade. Insas is a classic "triad" category of stock. No one dates to attempt a hostile takeover as it would be risking your life to do so.
"TheContrarian > 15 minutes ago | Insas is the case study of a value trap."
@TheContrarian, very good observation. Bottom line, value trap or not, there is still $ to be make provided how low to buy back and how high to sell... Selling 50% is a good strategy at this point of time, selling 90% is good if it drop back below a Ringgit. TradeAtYourOwnRisk
@BLee, I have completely exited from Insas a few times before and got back again when price is cheap. I have done for other counters like Affin, KPS many times over and over again. What is certain from my over 30 years of investing in the stock market is that price will always fall back to the level I first bought or even lower.
Some of you guys are funny. Supermax has 2b++ cash... does it mean one should takeover Supermax from Stanley? 2.7b shares at RM1... you're only paying less than 500m for one of the Top10 glove maker in the world.
Insas doesn't goes up because you are using Inari shares holdings which are already PE40~50. Insas core business eps is not that great by itself. So stop saying it's value trap.
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Posted by TheContrarian > 2024-01-18 17:13 | Report Abuse
Mr Sslee, Ah Tong daren't face you at subsequent AGMs that's why he resigned as director.