I remember during 2nd day of CNY there were 3 people who heavily promoted Insas writing such long comments. Second day of CNY those 3 people don't have a life? Must be very lonely people who only talk cock on Insas. Now CNY over those 3 people suddenly vanished.
How will Insas perform tomorrow? Will it open gap up and speed to reach limit up level? After all Insas is so deeply undervalued. Maybe someone has decided to do a hostile takeover. Hahahahahaha.
@TheContrarian, also my wishful thinking Insas will be value priced to at least near NTA...then can take whole family for a free Europe holiday. Dream on. Happy Trading and TradeAtYourOwnRisk
Insas isn't the only undervalued counter trading far below its NTA. There are hundreds others. Affin Bank has a NTA of RM4.70 and at one stage last year or the year before it fell to around RM1.50. A bank selling for 1/3 its NTA! But nobody wanted to buy except me and one other person. Actually I made higher gain in Affin last month than I did in Insas. Bargain price isn't only in Insas. Seek them and you will find.
Yes, @TheContrarian, noticed on some undervalued stocks, switched 80% Insas holding last RI, bought TNB around 8.3 and sold above 11 recently..waiting to re-invest later.
Eat whatever you like because... • The inventor of the treadmill died at the age of 54. • The inventor of gymnastics died at age 57. • The world bodybuilding champion died at age 41. • The best footballer in the world, Maradona, died at 60 ... And then- • The KFC inventor died at 94. • The inventor of Nutella died at 88 • The inventor of Hennessy died at 98 .. How did doctors come to the conclusion that exercise prolongs life, when • The rabbit is always jumping but it lives for around 2 years, and • the turtle that doesn't exercise at ali, lives over 200 years. * So, rest, chill, eat, drink, and enjoy life.
These are true stories in our daily life. Life is too short to waste on quarrelling here.
Insas broke through RM1 on 12th January, a Friday in the last half an hour of trading, closing at 99.5 sen. The following Monday, 15th January Insas rallied to close at RM1.20. Anyone who bought on that day and didn't sell to take profit or cut loss is now probably trapped as Insas closed RM1.07 last Friday.
Tong submitted his portfolio report as follows : based on Insas closing price of 1.09 he makes an unrealized gain of RM39,016 (Insas price has closed at 1.07 on Friday) and based on Insas-WC price of 0.28 he has an unrealized loss of RM18,461. Buying Insas-WC at 0.42 was probably Tong's dumbest decision.
Tong bought Insas-WC because he thought someone was making an hostile takeover but everyone else thought Tong was the one making a hostile takeover. So amusing.
"the turtle that doesn't exercise at all, lives over 200 years."
Another reason? If you keep your head inside the shell, most likely can live longer.. hear nothing, see nothing and speak nothing will keep us from trouble?? The problem; like the turtle, will slowly climb to the top and be left behind. Life is interesting, just do things at our own speed.. have a nice week ahead. Good night.
Turtle breathe 3 times a minute---Man breathe 10 per min ( during sEx 200 times per Sec ) Hello have you see Turtle during SeX----always one Leg up and Jam
To be contrarian, the fact that forum comments have drastically fallen suggest bottoming process, recovery could come soon. Buy at 0.265, you get it 37% than Tong wahhhh
MikeCC Kid 👦 memang die this time… Jaks 15.5 sen only now. Sslee Sir, MikeCC kid 👦 said he Jaks 19 sen, dropped how many percentage? Dropped 18.42%, tak die ker????
she went into pieces and entered cuckoo land after last Friday drop in share prices. So many years of scam con jobs, all went away... after disturbance by Huang lah, thats what her cuckoo brain tells her. the king of cuckoo land is mentally disturbed, stopped masturbating, now concentrate 24/7 on Huang fetish kissing.
OleOleOle After gone through the numbers, here is my take! Please do your own DD!
Total fleet of 219 aircrafts (12 under maintenance) Estimate cost of each 2nd handed plane US$25 mil Take exchange rate of 1US$ to RM4.5915 That's entire fleet of 219 aircrafts worth at least RM25 bil (rough est.) will come back to this later.
That said, refer to Q4FY23 financial statements, Assets associated with AA leasing: Non-current Liabilities = -13,434.5 mil (RM) Current Liabilities = - 5,259.6 mil (RM) Right to Used = 12,066.8 mil (RM) ------------------------------------------------ Net assets = - 6,627.3 mil (RM) Note: This amount is to be removed from Cap-A statement.
Merger Offer to AAX: US$ 600 mil Cash (US$200 mil bond) AA Equity (US$400 mil) (1US$ to RM4.5915) = 2,754.9 mil (RM) Note: This amount will add to Cap-A statement.
Hence, Total AA Leasing assets considered: = 13,434.5 mil (RM) + 5,259.6 mil (RM) + 2,754.9 mil (RM) = 21,449.0 mil (RM) = US$ 4,671.458 mil (=219 aircrafts) OR Each aircraft = US$21.33 mil (***** vs at least US$25 mil per aircraft for a 2nd handed A320 aircraft)
Back to Cap-A, now how do to get out of PN17? Total Equity Deficit = - 10,469.5 mil (RM) AA Leasing Asset removed = 6,627.3 mil (RM) AA Merger Offer get = 2,754.9 mil (RM) US Listing Goodwill = 2,360.0 mil (RM) -------------------------------------------------------------- Net Cap-A Equity = 1,272.7 mil (RM) == 30c NAPS 02/03/2024 4:12 PM
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TheContrarian
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Posted by TheContrarian > 2024-03-03 12:31 | Report Abuse
I remember during 2nd day of CNY there were 3 people who heavily promoted Insas writing such long comments. Second day of CNY those 3 people don't have a life? Must be very lonely people who only talk cock on Insas. Now CNY over those 3 people suddenly vanished.