Unfortunately insas boss Thong who controls board does not care. Inari going up as US economy doing ok and rate cuts coming. Insas could sell all shares and return money to shareholders ! Will never happen as board are useless and follow only what thong says . Also thong owns a lot more than declared of insas so that’s why no shark.. even shark will get trapped
@Tatooine if we have activist investors, big times one + SS Lee, then nevermind his silent majority control, the figure is too big for it to bulldoze its way through like the 2nd liners...Inari is glaring. The cash in hand is glaring. I actually dont mind being locked up now...than 80 cents years ago because that 2-3 years wait would be more painful than now - at least we have seen some volume, at least warrants is active...who knows what comes next. Lock it up!!!
@Contrarian I used to have 100 lots each from 1.07 to 0.990. Then it started matching and it didnt feel right + you all so bearish so I sold when it went up 2 bids and requeue lower. Everytime it comes near to my BQ I cancel again and go lower lollll kecut
Yesterday 100 lots hit at BQ 1.03. I figured that was it, already some small savings from 1.07 ma so when it turned SQ I took another 200 at SQ. That your buy order wasnt fully filled means you have placed the order after SQ became BQ. Ohhhhh bro this means you are silently bullish at 1.03 😆😆😆
A bit difficult to add now. It's not good if it keeps coming down and we keep buying. I hope I have the discipline to holddddd now and buy more on the way up
TheContrarian
@UncleFollower, my buy order at 1.03 only partially done 3k.
To privatise insas is very unlikely. He will fail + we dont know if he has so much $ to buy it out. It can't be done at $2, it'll fail. Go higher means billions of cash required from him. He got?
So how can he consolidate his ownership without using his own pocket money? SBB
If he can consistently do SBB and cancel the treasuries his shareholding will go up without coming out with 1 cent!
Who did this previously? Francis Yeoh. If you were around, you would have seen that their shareholdings increased by a few % over the years without using a cent of their own money, merely cashflow from company to SBB. This was back when there's still such a thing called YTLP-WB. If only YTLP still got a W to play wahhhhhhhhhh
If only Insas SBB 10% each year for cancellation then by the end of fourth year Dato' Sri Thong and PAC holding of 32.96 % will become 32.96/ (0.9 x0.9x 0.9x 0.9)= 50.23 %.
Any SBB will trigger 33% MGO threshold thus Dato' Sri Thong need to table a SBB MGO waiver for shareholders to vote (For/Against) at an EGM or during AGM.
Mike-tikus you better pray jaks PP go through otherwise if jaks default on bank repayment of RM 33 million thus trigger all bank to recall the outstanding loan then jaks will go bankrupt immediately.
Mike-tikus, Did you read the intend used of cash call PP? What will happen if jaks do not pay the RM 33 million repayment of its existing facility?
(i) As per the Announcement, the Group has earmarked up to RM33.00 million of the proceeds from the Proposed Private Placement for the partial repayment of its existing facility, in the manner set out below: Facility Bank Purpose of borrowing Interest rate (% per annum) Principal amount(RM’000) Tenure Total amount outstanding as at LPD(RM’000) Proposed repayment(RM’000) Term loan Great Eastern Term loan provided to part finance the development cost of a 4-storey shopping mall known as Evolve Concept Mall 6.0 250,000 10 years 211,418 13,000
Term loan Maybank Term loan provided to part finance the acquisition of a 4-storey commercial property known as Pacific Towers 7.4 100,000 10 years 73,635 10,000
Letter of credit / Trade financingAl-Rajhi Banking & Investment Corporate (Malaysia) Berhad To facilitate and finance local purchase/ importation of raw materials/ trading goods relating to Company’s principal line of business 6.5 40,000 N/A 22,500 10,000
Insas, a name that whispers promise, A value play, some investors entice. But hold, dear friend, before you take the bait, This siren song may lead to a bitter fate.
The price sits low, a number that enthralls, A hidden gem, a bargain for all. Yet stagnant waters, though alluring to the eye, May hold unseen depths, where dreams can die.
Years tick by, the share price barely moves, While others soar, a tale the market proves. Is it a value, or a value trap so deep? Where hopes descend, and fortunes fall asleep.
Think twice, dear friend, before you invest your trust, In promises whispered, turning into dust. For in the market's dance, a truth is plain to see, Not all that glitters, is a gold
To tell you all the truth… last few years I saw real Sslee photos. He is 70% looks like Chow Yuen Fatt … his thumbnail in i3. You all hopefully now will know this… how handsome Sslee is.
Posted by Huangbk72 > 6 minutes ago | Report Abuse Attacked by ladies? 😂😂😂 Young, Middle or Old age ? Posted by xiaoeh > 1 minute ago | Report Abuse that is why Ssle sifu alone at Indo very dangerous...
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Tatooine
205 posts
Posted by Tatooine > 2024-03-22 12:42 | Report Abuse
Unfortunately insas boss Thong who controls board does not care.
Inari going up as US economy doing ok and rate cuts coming. Insas could sell all shares and return money to shareholders ! Will never happen as board are useless and follow only what thong says . Also thong owns a lot more than declared of insas so that’s why no shark.. even shark will get trapped