Posted by WellnessAntiCancer > 1 month ago | Report Abuse

Defensive strategy. Thong has A LOT at stake. This is the first time over in Bursa I see Billionaire by assets but not by Market valuation.

Berkshire is priced at 1.4times over its NTA. But USA do have non-GAAP valuation of marking shares it owns in NYSE/NASDAQ to market if the company choose to do so.

Posted by WellnessAntiCancer > 1 month ago | Report Abuse

Berkshire is priced at 1.40 times over its NTA.
Contrast with
Insas in priced at 0.34 times over its NTA.

Rare opportunity.

Posted by WellnessAntiCancer > 1 month ago | Report Abuse

Important is Insas generating profits consistently which is bulky instead of consistent profits performance.

Profits range from RM50mil to RM200mil a year. That is fine by me.

Cash pile RM1 BILLION (Spelled with a “B”) are waiting for deployment in
= Financing business to the likes of AEON Credit, RCE Cap., ELK DESA
= Participating in M&A’s IPO clients in private placements
= Acquiring private assets
= Acquiring Local Bursa opportunities
= Acquiring overseas opportunities especially Vietnam, China, Indonesia.

I admire Insas Managing directors business acumen

Disclosure: I own Insas and Insas WC, amongst others. will continue accumulate in near future.

Posted by WellnessAntiCancer > 1 month ago | Report Abuse

I note that Insas takes profits on Inari by selling 10million shares.

I am unsure how much realised profits it will be.

But with 554million Inari shares, selling 50million a year to crystallise profits over 10 years. That is a good run

What about other wonderful businesses? Moats are deep.

Rare opportunity

Posted by TheContrarian > 1 month ago | Report Abuse

Hahahahahahahahahaha

Posted by Sslee > 1 month ago | Report Abuse

Last quarter financial result Insas report net gain on disposal of shares in associate companies: RM 9,445 ,000 by selling 5 million inari form Insas Technology to Insas Media Lang Limited


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

Posted by WellnessAntiCancer > 1 month ago | Report Abuse

Thank you SSLee bro.

A question, How do we know that Insas holding costs is at RM1 and selling Inari at Rm2.90+ per share yields about RM2 profit per share?

Posted by Sslee > 1 month ago | Report Abuse

In insas book two different batch of Inari holding.
The bigger block hold since IPO and equity accounting inari as associate company. Cost will be NTA per share of Inari.
Smaller block hold for trading purpose.

Last change Insas holding on Inari.
Changes in Sub. S-hldr's Int (Section 138 of CA 2016)
INARI AMERTRON BERHAD

Particulars of substantial Securities Holder
Name INSAS BERHAD
Address No. 47-5 The Boulevard
Mid Valley City
Lingkaran Syed Putra
Kuala Lumpur
59200 Wilayah Persekutuan
Malaysia.
Company No. 196101000026 (4081-M)
Nationality/Country of incorporation Malaysia
Descriptions (Class) Ordinary shares
Details of changes
No Date of change
No of securities
Type of Transaction Nature of Interest
1 22 Jan 2024
2,000,000
Disposed Indirect Interest
Name of registered holder M & A Nominee (Asing) Sdn Bhd for Media Lang Limited
Address of registered holder No. 45-5, The Boulevard Mid Valley City Lingkaran Syed Putra 59200 Kuala Lumpur
Description of "Others" Type of Transaction
2 23 Jan 2024
2,000,000
Disposed Indirect Interest
Name of registered holder M & A Nominee (Asing) Sdn Bhd for Media Lang Limited
Address of registered holder No. 45-5, The Boulevard Mid Valley City Lingkaran Syed Putra 59200 Kuala Lumpur
Description of "Others" Type of Transaction
3 24 Jan 2024
1,000,000
Disposed Indirect Interest
Name of registered holder M & A Nominee (Asing) Sdn Bhd for Media Lang Limited
Address of registered holder No. 45-5, The Boulevard Mid Valley City Lingkaran Syed Putra 59200 Kuala Lumpur
Description of "Others" Type of Transaction

Circumstances by reason of which change has occurred Disposal of shares in the open market
Nature of interest Indirect Interest
Direct (units) 0
Direct (%) 0
Indirect/deemed interest (units) 527,008,575
Indirect/deemed interest (%) 14.055
Total no of securities after change 527,008,575
Date of notice 26 Jan 2024
Date notice received by Listed Issuer 26 Jan 2024


Remarks :
Indirect interest:-

(1) Insas Technology Berhad - 409,769,375 (No change)
(2) Insas Plaza Sdn Bhd - 103,872,700 (No change)
(3) Media Lang Limited - 12,216,500
(4) Montego Assets Limited - 850,000 (No change)
(5) Montego (S) Pte Ltd - 300,000 (No change)

Insas Berhad is deemed interested by virtue of Section 8(4) of the Companies

Posted by Winson > 1 month ago | Report Abuse

Alamak, push to RM 1.10 then press down back to RM 1.070 within 3 minutes

Posted by Income > 1 month ago | Report Abuse

Truth is a process, not a set of facts. The way a person hold his course true is by communicating with his colleagues in a complete and disinhibited way.

Posted by WellnessAntiCancer > 1 month ago | Report Abuse

SSLEE - reposted
Last quarter financial result Insas report net gain on disposal of shares in associate companies: RM 9,445 ,000 by selling 5 million inari form Insas Technology to Insas Media Lang Limited

Analysis
On 27 Dec, Inari closed at RM3.00 per share. Sold that day amount 5,000,000 for profit of RM9,445,000 means profit per share is at RM1.89. Costs holding is RM1.11 per share.

Good that we don’t have Cap Gains Tax , (yet?). with 558.6million, unrealised capital gains sit at cool >RM1.11 BILLION (spell with a “B”) with Inari at RM3.10 now.

Thong is astute businessman. Waiting for Bill Tan to advise him if next IPO or Acquisitions like Inari coming up.

Posted by TheContrarian > 1 month ago | Report Abuse

Hahahahahahahahahaha

Posted by Sslee > 1 month ago | Report Abuse

If Inari NAPS is RM 0.71 and profit per share is RM 1.89 that mean Insas Technology sold 5 million of inari at RM (1.89 +0.71) = RM 2.60 to Media Lang.

If later Media Lang sold 10 million inari in open market for RM X.XX then the profit will be RM 10 X (X.XX - 2.60) million

Posted by Income > 1 month ago | Report Abuse

Can do that bro and sis trading kah?
Shares are still in the same mother company. Bursa allows that kind of trading???



Posted by Sslee > Mar 6, 2024 1:11 PM | Report Abuse
If Inari NAPS is RM 0.71 and profit per share is RM 1.89 that mean Insas Technology sold 5 million of inari at RM (1.89 +0.71) = RM 2.60 to Media Lang.

If later Media Lang sold 10 million inari in open market for RM X.XX then the profit will be RM 10 X (X.XX - 2.60) million

Posted by StingRay > 1 month ago | Report Abuse

Our market currently running round like a headless chicken. Took the opportunity to sell my SKPres at 0.82. Will buy back when market sentiment becomes better. Adios.

Posted by Sslee > 1 month ago | Report Abuse

Between insas subsidiary companies allowed to do Direct Business Transaction.
Reason Acquisition and disposal via Direct Business Transaction

Posted by TheContrarian > 1 month ago | Report Abuse

Calm before the waterfall.

Posted by TheContrarian > 1 month ago | Report Abuse

A lot of water fish who previously bought high, above 1.20 are buying to average down thinking that they would then be able to exit around 1.15.

Posted by Income > 1 month ago | Report Abuse

No one will ever come save you. Your life is 100% your responsibility.

Posted by Sslee > 1 month ago | Report Abuse

My jayatiasa today close up 9 sen to RM 1.39 a big 👍

Posted by angrycat > 1 month ago | Report Abuse

why Insas close yellow today?

Posted by TheContrarian > 1 month ago | Report Abuse

Why Insas-WC closed red today?

Posted by TheContrarian > 1 month ago | Report Abuse

Sharks having pushed up Insas from 90 sen level to highest point at RM1.35 in 10 short trading days need to offload to the water fish who keep buying more to average down with the hope that they can make a quick exit when Insas price rebound to RM1.15. Everyone seems eager to get out. Sharks as well as water fish.

Posted by TheContrarian > 1 month ago | Report Abuse

Today anyone bought Insas? Don't be shy to tell.

Posted by angrycat > 1 month ago | Report Abuse

Imagine by John Lennon

Posted by speakup > 1 month ago | Report Abuse

Sifu Leno already say Sell, pls don't buy

Posted by angrycat > 1 month ago | Report Abuse

Most retailers already sold due to the value trap , fearmonkering rectoric in this forum, ... no idea who is now holding ...

Posted by angrycat > 1 month ago | Report Abuse

If so many want to exit Insas , why cannot sell at 1.06 or 99 Sen , .. bursa got ban selling Insas below 1.06 ??

Posted by TheContrarian > 1 month ago | Report Abuse

Once the Sharks succeed in unloading the shares in their hands they will begin short selling Insas.

Posted by TheContrarian > 1 month ago | Report Abuse

On 15th and 16th January Insas trading volume for those two days exceeded 74 million which is more than 10% of Insas total shares. At that time the rumours was that someone was collecting Insas shares to attempt a hostile takeover bid. However, no one emerged as a new substantial shareholder.

Posted by TheContrarian > 1 month ago | Report Abuse

Most of the 74 million shares were in the hands of Sharks who over the next several weeks offloaded them to water fish.

Posted by angrycat > 1 month ago | Report Abuse

No retailers will buy Insas above rm1 , you think shark so stu_pid , load up 74 million which cannot be easily offload

Posted by TheContrarian > 1 month ago | Report Abuse

About a year ago when Insas was struggling at around 80 sen level for long periods the net short selling position of Insas shares was around 5 million. Today it's zero.

Posted by TheContrarian > 1 month ago | Report Abuse

I already made 4 fold gain exiting from Insas and now hold just one share. I will definitely buy back Insas one day.

Posted by TheContrarian > 1 month ago | Report Abuse

Don't worry I wouldn't be selling my one share to depress Insas price further, hahaha.

Posted by TheContrarian > 1 month ago | Report Abuse

I will only sell when Insas goes to 59 ringgit.

Posted by TheContrarian > 1 month ago | Report Abuse

Before the quarterly results was released Insas closed at 1.19, despite reporting a good results Insas has fallen to 1.07 now. Why is that so?

Posted by TheContrarian > 1 month ago | Report Abuse

Since Insas is very deeply undervalued and the recent results good why has not been as mass buying?

Posted by TheContrarian > 1 month ago | Report Abuse

Angry people who don't have Insas shares have Insas-WC instead. If Insas share price falls below 90 sen the warrants will be out of money. The clock is ticking, tick tock tick tock.

Posted by xiaoeh > 1 month ago | Report Abuse

Sslee sifu
if u were to lead Insas
what will u do to bring Insas to new greater high?

Posted by Sslee > 1 month ago | Report Abuse

For short term get in new talent people to help Insas invest it cash in equity and money market to earn more incomes better than bank interest rate.

Longer term look into M&A of new business to generate revenue and incomes.

Pay better dividend

Posted by xiaoeh > 1 month ago | Report Abuse

management gave u same answer during AGM?

Posted by TheContrarian > 1 month ago | Report Abuse

MrSslee, don't get too attached to Insas. Just treat it now as a risk free investment which can give you superior returns.

Posted by Tatooine > 1 month ago | Report Abuse

@sslee issue is the thong and current board think they know everything when they have failed at most. The only reason share price went up was market though thong and useless board being kicked out but phantom raider… just give shareholders special dividend then do what ever they want as they will just waste all the cash otherwise. Luckily sold down as insas for one week only reached its decades old ipo price. It will keep sliding back to 80-90 .

Posted by Sslee > 1 month ago | Report Abuse

Look like my TP of 1.50 cannot be acheived by Insas need to wait longer luckily my jayatiasa is on the raise and hope to break RM 1.50

Posted by Tatooine > 1 month ago | Report Abuse

@sslee yes thanks for that mention, made a very good profit on that. Exited just now :-)

Posted by TheContrarian > 1 month ago | Report Abuse

On 15 January, a director of Insas sold off all his 331,500 Insas-WC at 0.385. This shows the director himself doesn't think Insas share price could stay beyond RM1.29. If a director himself has no faith of Insas .......

Posted by Sslee > 1 month ago | Report Abuse

Ah Thong resigned as CEO of Insas in year 2019 so that he do not need to report to Bursa his shares dealing selling/buying as director interest in Insas

Posted by TheContrarian > 1 month ago | Report Abuse

@MrFox, there's no such thing as a long term investment. Let your winners run and once ran far enough it would be time to take profits.

Posted by TheContrarian > 1 month ago | Report Abuse

Insas 60 ringgit coming, quickly load up.