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

Posted by Tatooine > 2024-03-22 12:43 | Report Abuse

Forum active here but mostly useless comments

Posted by UncleFollower > 2024-03-22 12:43 | Report Abuse

@Contrarian your internet not refreshing ah 🤣



TheContrarian

Eh UncleFollower, yesterday where got 300k done at 1.03?

6 minutes ago

Posted by UncleFollower > 2024-03-22 12:44 | Report Abuse

@Contrarian or you thinking I said 300k x 100 lots = 30M shares. I thank you see me so up ya

Posted by UncleFollower > 2024-03-22 12:46 | Report Abuse

@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!!!

Posted by TheContrarian > 2024-03-22 12:50 | Report Abuse

@UncleFollower, my buy order at 1.03 only partially done 3k.

Posted by Sslee > 2024-03-22 12:52 | Report Abuse

even shark will get trapped
I thought Tong of theedgemalasia is a 20 meter megalodon. But it turn out Insas Thong is even a bigger shark.

Posted by Sslee > 2024-03-22 12:55 | Report Abuse

Me no hurry to buy back Insas. Will wait for the right time and right price to buy back.

Posted by Sslee > 2024-03-22 12:57 | Report Abuse

Yinson look very promising

Posted by EngineeringProfit > 2024-03-22 13:04 | Report Abuse

Indeed. Riding another round of profit$ today......finger crossed

Posted by Mikecyc > 2024-03-22 13:09 |

Post removed.Why?

Posted by Mikecyc > 2024-03-22 13:14 |

Post removed.Why?

Posted by Huangbk72 > 2024-03-22 13:26 |

Post removed.Why?

Posted by Tatooine > 2024-03-22 13:32 | Report Abuse

Also people use insas forum to pump shares they bought

Posted by Sslee > 2024-03-22 13:53 | Report Abuse

Especially the one trap at jaks 19 floor and become so desperate and went berserk at insas forum.

Posted by UncleFollower > 2024-03-22 14:31 | Report Abuse

@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.

1 hour ago

Posted by UncleFollower > 2024-03-22 14:41 | Report Abuse

Actually Thong should really seek waiver for SBB.

It's good for him, more so than anyone else

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

Posted by Sslee > 2024-03-22 14:56 | Report Abuse

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 %.

Dato' Sri Thong and PAC can then sleep well.

Posted by TheContrarian > 2024-03-22 16:17 | Report Abuse

@Sslee, I think if Insas cancelled the treasury shares then Thong would automatically trigger MGO. So, a waiver is still required.

Posted by Sslee > 2024-03-22 16:24 | Report Abuse

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.

Untill then Insas cannot do SBB.

Posted by Tatooine > 2024-03-22 16:32 | Report Abuse

If thong offered 2.20 a share it would get approved. Seen companies sell for worse discount. For that amount insas has cash to easily do it .

Posted by Tatooine > 2024-03-22 16:36 | Report Abuse

Inari now worth over rm12 billion

Posted by Mikecyc > 2024-03-22 16:42 |

Post removed.Why?

Posted by TheContrarian > 2024-03-22 16:43 | Report Abuse

I think currently Insas has about 527 million Inari shares. Inari at say, 3.20 translates into RM1.6 billion.

Posted by Sslee > 2024-03-22 17:05 | Report Abuse

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.

Posted by Mikecyc > 2024-03-22 17:49 | Report Abuse

Jaks 👉👉👉

2QR ended June 2023 :


Reserves . : 24,909,000


> Accumulated Profit : 343,661,000. ( 1QR 324,951,000 ) ( Audited as on December 2022 is RM 310,874 ,000 )

Gearing Ratio : 0.362X


>> Accumulated Profit on 3QR ended September 2023 : 350,327,000


👉 》〉Accumulated Profit on 4QR ended December 2023 : 348,126,000

Deposit placed with licensed banks = 22,222,000

Cash and Bank balances = 41,929,000

Gearing Ratio = 0.35X

Posted by Mikecyc > 2024-03-22 17:56 |

Post removed.Why?

Posted by Mikecyc > 2024-03-22 17:57 |

Post removed.Why?

Posted by Mikecyc > 2024-03-22 18:00 |

Post removed.Why?

Posted by Sslee > 2024-03-22 18:31 | Report Abuse

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

Posted by Income > 2024-03-22 18:58 | Report Abuse

Bikecycle cycling round and round. How to solve problems???

Posted by lenono > 2024-03-22 23:33 | Report Abuse

Uncle Mike is controasversal

https://www.youtube.com/watch?v=FRk_YMUjf_k

Posted by lenono > 2024-03-22 23:35 | Report Abuse

SSLEE subscribe JAKS PP ? walao so rich oh

Is this your dauthgther?
https://www.youtube.com/watch?v=2RUd0avp_G0

Posted by Income > 2024-03-23 06:04 | Report Abuse

https://youtube.com/shorts/ZLoO_2lWSs4?si=xAzXNNWVQ2py4abe

Posted by Income > 2024-03-23 06:20 | Report Abuse

https://youtube.com/shorts/FRCmqzc_izg?si=i1vSEvD6qq12ZG_H

Posted by Income > 2024-03-23 13:07 | Report Abuse

https://youtube.com/shorts/Lyq8ZLZAQAo?si=lGcR_DR1CXUVLWe6

Posted by TheContrarian > 2024-03-23 13:17 | Report Abuse

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

Posted by Sslee > 2024-03-23 13:34 | Report Abuse

If inari continue going up then I think Insas will also follow provided Mike-tikus do not come to Insas forum and hang his big slanderous banner.

Posted by Income > 2024-03-24 08:12 | Report Abuse

The handsome
https://youtube.com/shorts/WaPJpPrJjzI?si=pvS-TkTNiqphKh8V

Posted by Income > 2024-03-24 08:19 | Report Abuse

The angle of the camera is very important
https://youtube.com/shorts/BzfvbeZAsxY?si=oAFoQkhGeMLVcnGs

Posted by Sslee > 2024-03-24 08:20 | Report Abuse

TQVM.
I am grateful to all you well wishes.

Posted by Income > 2024-03-24 08:23 | Report Abuse

3 million is too much for this car, Dino 🦕
https://youtube.com/shorts/d4QLQk7Ocf0?si=NUrFeyZZgQSF9LQs

Posted by Income > 2024-03-24 08:31 | Report Abuse

At last, a short video for Dino 🦕

3 million is too much for this car, Dino 🦕
https://youtube.com/shorts/d4QLQk7Ocf0?si=NUrFeyZZgQSF9LQs

Posted by Income > 2024-03-24 08:47 | Report Abuse

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 xiaoeh > 2024-03-24 11:26 | Report Abuse

that is why Ssle sifu alone at Indo very dangerous...

Posted by Huangbk72 > 2024-03-24 11:28 | 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...

Posted by xiaoeh > 2024-03-24 11:36 | Report Abuse

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...

not by....
Indo women are in danger....

Posted by Income > 2024-03-24 12:10 | Report Abuse

Posted by xiaoeh > Mar 24, 2024 11:26 AM | Report Abuse

that is why Ssle sifu alone at Indo very dangerous...


I suspect Sslee has a Second Wife ( younger and prettier ) in Indon, that’s why he still wants to work in his twilight years in Indonesia

Posted by Income > 2024-03-24 12:13 | Report Abuse

Man always wants to eat younger meatballs ?

Posted by Income > 2024-03-24 15:01 | Report Abuse

Hi tech wrist band to detect compatible spouse for Sslee…
https://youtube.com/shorts/95YdUYUvXA4?si=-Ns_YkiAZYGuIqNG