There has been a lot of satire postings in Insas forum. These are all just for fun and not to be taken seriously. We should use our own judgement and assess the situation ourselves. For the week just ended Insas share price held up well mainly due to Tong's article in The Edge. Insas' fundamentals haven't changed, a year ago it was deeply undervalued and still so today. Smart investors would have accumulated a significant position in the past 12 months when price was hovering at 75 to 85 sen. Suddenly we have a hype of something which is already known for a long time. This hype didn't really push up the price, it started after the price was pushed up. Next week is a different situation, Insas may move further up or stay flat or go down, no one knows for sure. Insas remains deeply undervalued but only and only continuous buying of its shares can move its price up.
With recent 10 million Inari shares sold and 100 million M&A shares sold. Insas cash should increase by over RM 60+ million from the disposal when reporting quarter end 31/03/2024 financial result.
The question why Insas accumulate so much cash? Next AGM I will ask for addition dividend.
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.
When Tong announced his entry into Insas in April last year all smart investors already taken note and topped up their own holdings. There was no hype then.
@MrSslee, have you ever why all these years no one dare to attempt a hostile takeover of deeply undervalued Insas where its cash alone is greater than its market value?
Beginning of this year many banks & booking firms are not giving marginable value, cap the price or DF facilities for these stocks which are trading at very high PE & price to book. (Money upfront for buy order on those limitvdown stocks)
Insas with Low PE and Big price discount to book, presented a very attractive for big and small sharks to play contra trade and pocket the contra gain.
Yes, yes, yes, MrSslee you are absolutely right. Now Insas is shark infested. It's exciting and rewarding swimming in shark infected waters but remember to always stay ahead of the sharks.
Posted by Sslee > 2 minutes ago | Report Abuse TheContrarian, I really do not know why no one dare to take over Insas from Dato' Sri Thong and PAC officially hold 32.96% Insas share? ------------------------- Actually Mr Tong Kooi Ong has the capability and capital to take over Insas. I hope Mr Tong can bid for Insas control stake. Good luck. Thank you.
I hope Mr Tong Kooi Ong can make a hostile takeover to create value and wealth for Insas. Mr Tong is also a famous public figure in KLSE. He owned RH Broking firm together Rashid in the 80 and 90. I think Mr Tong is also a capable broker.
If Mr Tong makes a hostile takeover or a bid for Insas, the share price of Insas will skyrocket up the roof. Please note that Mr Tong valued Insas at 4.33. Thank you.
Tong made his entry into Star in the same month as Insas in April last year. In Star's case Ting became an instant substantial shareholder in excess of 5%. However, Tong didn't buy the shares from the open market but directly from Amanah Sahan Bumuputera.
Another thing I wonder is if someone targets a company for a hostile takeover would he announce to everyone of what he thinks is the value of the target?
Sometimes the cat speaks in exaggeration and sometimes the cat speaks in parables,but I know this is a good cat .Try to decipher her thought on education for the needy.
Most people held Insas very long because their target selling price was not reached in each of the previous rally. Mr Sslee revealed that in the earlier rally in 2021 he didn't sell down because his target price was RM1.50.
Mikec yc, don’t jump into conclusion. I ask you is Petros and Petronas the same, even though their names are almost identical??? So don’t simply jump to conclusions that ilsb is the same person as ilsbilsb and Pang72. You all here in i3 can check biodata of ilsb , ilsbilsb and Pang72.
Posted by Mikecyc > Jan 26, 2024 7:44 PM | Report Abuse
Hoho Pokkai Kon Income is aka id of “ To be Hired “ Colgate :
>> Income ilsbilsb | Joined since 2022-03-11
Ho ho beware id : ilsbilsb can change his name Income to other Name …
👉 No Income No Money No Issue , No Dignity No Integrity No responsibility until Income posted his Wiff ran away with DeMusang, what a Shameless 👉 Lap Sap Pokkai Kon Income… —-
Colgate for hire
Colgate ilsb ilsb | Joined since 2012-09-08
From Japan Investing experience Not Disclosed Risk profile Moderate Summary Total comments 7548
Posted by Colgate > minutes ago | Report Abuse
I am a professional Shamannn. Who needs my service to vooodooo adversaries, please PM me at i3 messenger. Thank you.
pang72 pang72 | Joined since 2012-06-26
Haha Income said is previously blower Pang72 Young sibling..
Is ilsb , ilsbilsb , and Pang72 is same person?? What a pity le , Income is a shoes Liccker le …
Haha konartist sslleee yr old Mate i3lirker u throw away oredi , replace with a younger one … hahahaha
You all can see what Speakup told me when I asked him… is Speakup the same person as Stockraider, because Milecyc said Speakup is the same person as Stockraider… You all can see what is the response from Speakup below.
Posted by Income > Jan 24, 2024 7:34 AM | Report Abuse X
Speakup are you Stockraider because Mikecyc said you are him. Please tell… 2024 is Genm year. Rocket 🚀 up
speakup 24118 posts Posted by speakup > Jan 24, 2024 7:51 AM | Report Abuse
speakup is speakup. stockraider is stockraider. if u believe speakup is stockraider, u will also believe speakup is OTB or Calvin. LOL!
TheContrarian Another thing I wonder is if someone targets a company for a hostile takeover would he announce to everyone of what he thinks is the value of the target? 26/01/2024 10:56 PM
TheContrarian is right, If I want to make a hostile or friendly take over I would have done it in 2020 when WB expired out of money or I and my PAC will start accumulate Insas silently and wait for WC expired in 2026 watching carefully what is DST and his PAC next move before I make my move for a take over.
Do you think Tong is so silly or is he a saint telling every tom, dick and harry that Insas is worth RM4.33 so that every tom, dick and harry rush in to buy Insas to price of RM 4.00 and then Tong announce a VGO at RM 4.33?
By the way the cat was caught holding 18million+ WC since 2021 and disappear from Insas forum when WC was trade below 18 sen and only reappear recently telling everyone he/she is THE MOST SUCCESSFUL INVESTOR holding multi-million WC shouting RM 6 and now RM 60 RINGGIT IS KAMBEEEEEEEEEEENNNGGGGG !!!
You should ask the cat what is his/her WC holding cost? Very interest to see 2024 Insas annual report whether the cat still hold 18million+ WC.
@ OTB ; Just a correction of an honest error. Chua Mah Yu was the partner in RHB Securities in the 80s/90s while Tong Kooi Ong was major shareholder in Phileo Securities/Phileo Bank which was absorbed by Maybank in the aftermath of the Asian Financial crisis in 1998.
Currently Tong still is substantial shareholder of Star with over 5% stake. Did Tong acquire Insas in the open market recently to emerge substantial shareholder? If he did, how long will he take to reach 33% to trigger mandatory general offer?
Tong will be rightfully billionaire (running Phileo Securities and Phileo Bank) if not caught in Asian Financial crisis 1998 and Political war between Tun M and Tun D against DSAI
Sunday, 08 Jan 2023 7:51 PM MYT KUALA LUMPUR, Jan 8 — Tan Sri Tong Kooi Ong wants former Bank Negara assistant governor Datuk Abdul Khalid Murad to withdraw the statutory declaration (SD) he made back in 1999 where he accused the former of hiding billions of ringgit in ‘master accounts’ belonging to Prime Minister Datuk Seri Anwar Ibrahim.
Published February 2, 2015 KUALA LUMPUR — Billionaire Tong Kooi Ong yesterday sought to fend off allegations that he is involved in a US$1.4 billion (S$1.9 billion) bet against the ringgit, and denied claims he is engineering a crisis with the Malaysian currency for personal gain.
The media tycoon, who owns The Edge Media Group, which recently acquired news portal The Malaysian Insider, said Bank Negara Malaysia would have been aware of such speculation if the allegations were true and insisted that the central bank has not contacted him on the matter.
An owner of a prominent news media empire is casting undue influence on the financial and political state of Malaysia for his own personal monetary gain.
Sources within Bank Negara Malaysia (BNM) revealed that Tong Kooi Ong, the owner of the Edge Group and The Malaysian Insider has taken a USD1.4 billion short position on the Ringgit through a proxy. The first transaction took place in August 2014 and subsequent short positions have been taken leading up to January 2015.
Tong Kooi Ong is no stranger to investments, notably during the last financial crisis, Tong took a similar short position with Rashid Hussein which resulted in a significant gain.
He is a former stockbroker, financial analyst and banker who founded and built Phileo Allied Berhad, one of the most successful and innovative financial banking groups in Malaysia in the 1990s. Phileo Allied Bank was subsequently taken over and merged with Maybank in 2000.
I have no idea TS Tong Kooi Ong is a bidder for Insas. I just want to say that TS Tong is qualified if he wants to make a hostile takeover. Quote !! He is a former stockbroker, financial analyst and banker who founded and built Phileo Allied Berhad, one of the most successful and innovative financial banking groups in Malaysia in the 1990s. Phileo Allied Bank was subsequently taken over and merged with Maybank in 2000. Unquote !! Thank you.
Phileo Allied Bank as a matter of fact same as many other small banks in Malaysia during the 1998 Asian Financial Crisis were "forced" to be merged with the bigger banks. It was not willing buyer willing seller.
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Posted by TheContrarian > 2024-01-26 21:32 | Report Abuse
There has been a lot of satire postings in Insas forum. These are all just for fun and not to be taken seriously. We should use our own judgement and assess the situation ourselves. For the week just ended Insas share price held up well mainly due to Tong's article in The Edge. Insas' fundamentals haven't changed, a year ago it was deeply undervalued and still so today. Smart investors would have accumulated a significant position in the past 12 months when price was hovering at 75 to 85 sen. Suddenly we have a hype of something which is already known for a long time. This hype didn't really push up the price, it started after the price was pushed up. Next week is a different situation, Insas may move further up or stay flat or go down, no one knows for sure. Insas remains deeply undervalued but only and only continuous buying of its shares can move its price up.