If only Insas pay better dividend then most likely Market will value Insas as Bank FD. A 10 sen dividend with FD rate of 3% will be value as RM 0.1/0.03 = RM 3.33
Posted by Sslee > Jan 31, 2024 11:44 AM | Report Abuse
Income The problem is, I haven't seen anyone out there properly explain what's really going on – and what you need to do to prepare for it. 31/01/2024 11:00 AM
Allow me to explain the problem with Insas: Market do not care Insas have FD: RM 938,066,000 Cash and bank balances:RM 154,302,000 Associate company 527,008,575 Inari shares and subsidiary company 1,115,718,665 M&A shares. Financial assets at fair value through profit or loss RM 228,481,000 Trade receivables: RM 517,332,000 of which RM 282,235,000 is loans receivables by Insas Credit & Leasing Sdn Bhd Or NAPS: RM 3.56 Market only value Insas as forward PE 5 to 10X.
Insas need to employ its cash hoard into new business/investment to generate more earning or else Insas will be forever a value trap.
Sslee Sir, get in and get out is normal, follow Fifo principle. All including 🐀 Mike also fifo but Rat is too greedy. 🐀 needs to achieve 7 figures untung. Last last sampah 🐀 dapat.
🐀 MikeCC, you are looking for Sslee and Pang, you go to Jtiasa. 🐀 MikeCC, you are looking for UlarSawa, you go to TopG. Why this old kid MikeCC is still here??? Jangan malas kid MikeCC, go to find them. Hahahaha
Posted by Mikecyc > Jan 31, 2024 2:17 PM | Report Abuse
Haha Pokkai Ahboyy Kon Income … To be Hired …no business ke … 🐍oil cannot cure you ke .. where is yr 🐍sir…. So liccking for living ke …kesian betul … hahahaha
Posted by Mikecyc > Jan 31, 2024 11:44 AM | Report Abuse
Haha what happened… blower Pang and Konartist sslleee no more blowing in Jtiasa .. hahahaha
Rat MikeCC, your piling for auntie mini house done kah at Jln Alor. I heard you build houses after piling for auntie mini house done in record time. No wander, nowadays all aunties look for your construction 🏗️ company. Well done 🐀. Kid it up in piling business. Hahahaha
Sslee Sir, wow you get free 200k for your family. I work half dead also can’t get that. My aim is to get Rm 1 mil then retire in Indonesia new capital. Sslee Sir, any news about Indonesia new capital in Borneo. We both can relocate to that peaceful place.
Posted by Sslee > Jan 31, 2024 12:54 PM | Report Abuse After already sold 60% now I have new problem what stocks to buy next, my aim for 2024 is at least collecting dividend of RM200k+.
Sslee 3838 posts Posted by Sslee > Jan 31, 2024 1:04 PM | Report Abuse Last year I need to move my fund to Petronm then to MBMR to acheive dividend of RM 200K+. I can only wish if Insas give a better dividend then I do not need to move the fund around.
A satire glimpse into I3investment Bloggers Day 2024 Author: Sslee | Publish date: Fri, 15 Feb 2019, 7:58 PM
Above what I wrote 5 years ago: I can only hope by end of 2024 to acheive investment portfolio of RM 5 million half of ambitious RM 10 million.
Sslee Train as a Chemical Engineer. An investment novice when he first tries his luck in stocks investment in year 2016. Lose his hard earned money in Xingquan. Start learning investment from all the Sifu in I3investor especially Kcchong.
A cute and weird fella. An activist shareholder: encouraging and putting pressure on management at AGM to increase shareholder value through change in dividend policy, corporate policy, governance, transparency and accountability. A very kind and forgiven person believe in human kindness and share effort and destiny for common good. His favorite quote:
“To err is human, to forgive divine” - Alexander Pope “Everybody deserves a second chance, because life is too complicated to get it right the first time” - SkyLug. “Everyone should be respected as an individual, but no one idolized.” – Albert Einstein His Topic: How I turned from a novice investor into a late bloomer by learning and adapting all the I3investor Sifu’s successful methodology and now have a personal investment portfolio of RM 10 million. (Include: HLeBroking portfolio printout as prove of ownership)
"Sslee If only Insas pay better dividend then most likely Market will value Insas as Bank FD. A 10 sen dividend with FD rate of 3% will be value as RM 0.1/0.03 = RM 3.33"
@Sslee, we can't really compare FD rate with Stock Dividend; let say we put 1k for a year at 3% interest as FD, we will get 1.03k after 1 year whereas an investment of 1k (let says ex-Dividend still price unchanged) will get adjusted price of 0.97k plus 0.03k..shareholding fund will be reduced by 3sen per share.
"Below data extracted from Insas AR2023:- Return on Equity (%) 5.2 Return on Total Assets (%) 4.0"
Can Insas afford to give out more than half of Return on Equity or Return on Total Assets? The bottom line is a Billion $ company must make 0.03 Billion $ to compare with FD rate of 3%, IMHO.
Yahoo Finance gave a very good report on Insas shareholding (free float around 47%, the remainder tightly held by majority shareholders), could be the reason why prices are slow in moving up higher??
Just for sharing, no buy or sell or hold recommendation, TradeAtYourOwnRisk. For Info, I am last in Stock Pick Competition 2023, my sharing might be useless. Haha
Sslee, His Topic: How I turned from a novice investor into a late bloomer by learning and adapting all the I3investor Sifu’s successful methodology and now have a personal investment portfolio of RM 10 million. (Include: HLeBroking portfolio printout as prove of ownership)
My AGM question. Return of Equity (%): FY2023 a poor 5.2% is not the fault of Insas Management Team but mainly due to BOD keep too much retained earnings (Equity keep growing) and hence will BOD kindly rectify the imbalance by distributing portion of the retained earnings to shareholders in the form of special dividend?
RPS (with 3.8 % interest) is a form of borrowing money from shareholders and free warrants are to reward the shareholders who have confident with Insas and subscribe the RI entitlement with XX excess application.
I had bought and sold all my Insas-WC twice with very handsome gain. So no complaint from me and hope to do it again if opportunity arrive again.
yes you are right . don’t even compare insas with warren buffet . it’s a mosquito vs an elephant. they were lucky with Inari. That’s why no fund managers will even have a glance.
RPS (with 3.8 % interest) is a form of borrowing money from shareholders and free warrants are to reward the shareholders who have confident with Insas and subscribe the RI entitlement with XX excess application.
I had bought and sold all my Insas-WC twice with very handsome gain. So no complaint from me and hope to do it again if opportunity arrive again.
=======
the BOD have found their niche and free money plans.
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Posted by Zazzyy > 2024-01-31 11:58 | Report Abuse
one can’t take all the money to the coffin as chinese like to say.