Posted by Tatooine > 2024-04-26 11:37 | Report Abuse

@sslee insas was 40 cents a share. Why not do it then ? I don’t think he ever will as he does not need to take nay money out of insas as a dividend as he takes cash out other ways and has already got plenty of money.

Posted by Sslee > 2024-04-26 11:44 | Report Abuse

Insas credit and leasing will even lend you billion financing to take over insas if you can prove your worth and qualified as VVVIP client.

After all it is nothing personal but just a win win business deal

Posted by TheContrarian > 2024-04-26 11:51 | Report Abuse

What's this debate about? That Thong hasn't done anything in the interest of the minority shareholders of Insas? Doesn't matter, at a certain entry price level Insas is a value buy, at other entry price level Insas would be a value trap.

Posted by Sslee > 2024-04-26 11:52 | Report Abuse

If Thong buy any Insas share at 40 sen from open market and trigger the 33% MGO. The MGO will fail as the advisor will advise shareholders to reject the offer due to offer is unfair and unreasonable because the fair value of Insas is RM 4-6.

And for one year Thong will be forbided to trigger another MGO.

Posted by Tatooine > 2024-04-26 11:55 | Report Abuse

I have seen many share undervalued by acquirer and still go through on bursa

Posted by Tatooine > 2024-04-26 12:00 | Report Abuse

Either way thong will not do anything

Posted by TheContrarian > 2024-04-26 12:15 | Report Abuse

@MrSslee, exactly, Thong can't simply do a MGO, if he fails, he has to sit out a year. His end game could be to exercise all his warrants in February 2026. If Thong buys more warrants from the market he need not announce it as he is no longer director. So, if he slowly accumulates the warrants no one would be aware until they publish the next Annual Report.

Posted by TheContrarian > 2024-04-26 12:18 | Report Abuse

If Insas share price continues to drift, the warrant price will follow and as time goes, the warrant premium will narrow. Thong can take his sweet time to grab the warrants.

Posted by Tatooine > 2024-04-26 12:35 | Report Abuse

Why bother ? He gets all the cash out now he wants , has a board that are lemming and do what they are told. This is why share price so bad and no one interested . 20 years been like this. Only way to profit from insas in buy on dip sell on high. Other than that it is useless and thong wants it that way

Posted by TheContrarian > 2024-04-26 12:41 | Report Abuse

If I had first bought Insas 20 years ago I would have surely made more than 4 fold gain, maybe 10 fold gain, hahaha.

Posted by TheContrarian > 2024-04-26 12:51 | Report Abuse

Comes February 2026, Insas share price hovers around 90 sen, Thong buys all warrants off the market including those held by Leno for 1 sen.

Posted by TheContrarian > 2024-04-26 14:20 | Report Abuse

Posted by TheContrarian > 2 weeks ago | Report Abuse

Insas at 1.07 it's difficult to make a 30% gain within 6 months. So, I would rather be invested in say, Mycron @ 38.5 sen or MAA @ 37 sen.

MAA to fly?

Posted by Sslee > 2024-04-26 15:43 | Report Abuse

MAA Group Bhd's minority shareholders have rejected the group's proposed selective capital repayment (SCR) exercise of RM1. 10 per share at its annual general meeting today. This means that MAA will not be taken private at RM1. 10 per share.29 May 2019.

MAA shareholders should had taken the SCR offer then.

Posted by TheContrarian > 2024-04-26 15:54 | Report Abuse

That time I exited MAA at around 1.04 or 1.06, sold all in one go. My average cost around 60 sen.

Posted by speakup > 2024-04-26 16:21 | Report Abuse

I bought Insas 80, exit all 1.20

Posted by Sslee > 2024-04-26 17:36 | Report Abuse

KUALA LUMPUR (April 26): Software company Microlink Solutions Bhd said on Friday that it has secured a contract worth RM56.45 million to implement and maintain a new core banking system for Bank Islam Brunei Darussalam Bhd.

Microlink’s unit Microlink System Sdn Bhd signed three agreements for software supply, service and maintenance for the project, the company said in an exchange filing. The project is expected to be implemented in one year, beginning April 24, 2024, Microlink said.

The project, which also comes with five years of maintenance and support, will contribute to revenue, earnings per share and net assets per share for the financial year ending March 31, 2025 (FY2025), Microlink added.

Posted by Income > 2024-04-27 04:37 | Report Abuse

Posted by TheContrarian > Apr 26, 2024 12:51 PM | Report Abuse

Comes February 2026, Insas share price hovers around 90 sen, Thong buys all warrants off the market including those held by Leno for 1 sen.

?
Betui kah… Dinosaur said Comes February 2026, Insas share price hovers around 90 sen, all warrants off the market including those held by Leno will be automatically converted to mother shares. So all warrants will be worth 90 sen each. This was written by Dino. Not me.

Posted by Income > 2024-04-27 04:38 | Report Abuse

Dino will be billionaires by February 2026. Don’t play play with Dino 🦕

Posted by TheContrarian > 2024-04-27 11:03 | Report Abuse

Where's Dino?

Posted by speakup > 2024-04-27 13:16 | Report Abuse

Many sifus already left in case u not noticed

Posted by TheContrarian > 2024-04-27 13:49 | Report Abuse

Left without selling? All trapped!

Posted by TheContrarian > 2024-04-27 14:02 | Report Abuse

I have planned to start buying back Insas next month but MAA now looking more of a better prospect. Insas can wait, MAA on Monday.

Posted by xiaoeh > 2024-04-27 14:24 | Report Abuse

Dear TheContrarian
would u mind share a bit more about why MAA now looking more of a better prospect..?

Posted by TheContrarian > 2024-04-27 15:40 | Report Abuse

I am not a MAA share promoter, I merely like MAA better than Insas at this moment.

Posted by speakup > 2024-04-27 16:04 | Report Abuse

Insas sifus all sold and left. Insas ikan bilis still around

Posted by Lpc1225 > 2024-04-27 16:52 | Report Abuse

驚鴻不復臨波影。

Posted by xiaoeh > 2024-04-27 20:33 | Report Abuse

雁渡寒潭 雁过潭不留影 风吹疏竹 风过竹不留声

Posted by xiaoeh > 2024-04-27 20:46 | Report Abuse

70

Posted by newbie5354_ > 2024-04-27 20:54 | Report Abuse

Xiaoeh meaning is 70 sen best buy? By the way where is Leno? Leno not among Insas sifu?

Posted by xiaoeh > 5 minutes ago | Report Abuse

70

Posted by CaoCao > 2024-04-27 21:10 | Report Abuse

我估算是50多。70年代生。

Posted by TheContrarian > 2024-04-27 21:28 | Report Abuse

Posted by newbie5354_ > 32 minutes ago | Report Abuse

Xiaoeh meaning is 70 sen best buy? By the way where is Leno? Leno not among Insas sifu?

Posted by xiaoeh > 5 minutes ago | Report Abuse

70

@newbie5354, it's his age.

Posted by TheContrarian > 2024-04-27 21:30 | Report Abuse

@xiaoeh, age 70?

Posted by xiaoeh > 2024-04-27 21:36 | Report Abuse

haha...
70 year old
no wori
age is just a number
my soul is far younger than my age

Posted by TheContrarian > 2024-04-28 00:06 | Report Abuse

If 70 years old, don't speculate in the stock market.

Posted by BLee > 2024-04-28 09:18 | Report Abuse

“TheContrarian > If 70 years old, don't speculate in the stock market.”


Why not, if got spare time and $?
If I am fully retire, I will take stock investing as my hobby and 吹水
(Blow water) everyday..now only during weekend.

Posted by xiaoeh > 2024-04-28 09:52 | Report Abuse

yes yes
70 still got lots of things to do
as long as u still clear in mind
who you are
where you are

let's change topic let's change topic
continue Insas story continue Insas story...

Posted by Income > 2024-04-28 11:44 | Report Abuse

Posted by xiaoeh > Apr 27, 2024 9:36 PM | Report Abuse
haha...
70 year old
no wori
age is just a number
my soul is far younger than my age


TheContrarian
8657 posts
Posted by TheContrarian > Apr 28, 2024 12:06 AM | Report Abuse
If 70 years old, don't speculate in the stock market.


Posted by xiaoeh > Apr 28, 2024 9:52 AM | Report Abuse
yes yes
70 still got lots of things to do
as long as u still clear in mind
who you are
where you are

?
xiaoeh Sifu,
You are still young at 70. i am50+ oredi, like to get a second WiFi from Indon.
Like Sslee Sifu having the joystick playing games while working in Indonesia???

Posted by TheContrarian > 2024-04-28 13:53 | Report Abuse

When I am 70 I wouldn't be in the stock market anymore. Still got over 10 years to go.

Posted by TheContrarian > 2024-04-28 13:55 | Report Abuse

When I am 70 hopefully Insas will be 60 ringgit.

Posted by TheContrarian > 2024-04-28 14:24 | Report Abuse

When I am 70 I hope to sell off my gold and silver coins.

Posted by speakup > 2024-04-28 14:45 | Report Abuse

@contrarian u surprise me. thought u were younger man than 60

Posted by Sslee > 2024-04-28 17:03 | Report Abuse

For me working is just seeing what I build is still operating well by others.

At my age I already cannot climb up all those stairs to look at what are the problems. Young man need to send me the photo and I will tell them the solutions if they do not know the solutions.

At my age I already reach the top of my salarly scale and if the company still want to keep me, I am ready to continues working. Why not, the pay is good and the work is not as tough or as hard work as when I start building it 23 years ago.

Posted by TheContrarian > 2024-04-28 17:33 | Report Abuse

@speakup, I not yet 60 lah. MORE THAN ten years to go before 70 lah.

Posted by TheContrarian > 2024-04-28 17:40 | Report Abuse

1993 super bull run already saw action in the stock market.

Posted by TheContrarian > 2024-04-28 17:41 | Report Abuse

There will never be another super bull run like in 1993.

Posted by TheContrarian > 2024-04-28 17:45 | Report Abuse

In 1993 I was in my 20s and was in the stock market for the first time.

Posted by TheContrarian > 2024-04-28 17:46 | Report Abuse

I survived the crash of 1994 and went on to make loads in the Second Board super rally in 2000.

Posted by TheContrarian > 2024-04-28 17:49 | Report Abuse

If I remember clearly the Second Board super rally was only about 4 months as I cashed out in April that year made a gain of over RM100,000.

Posted by TheContrarian > 2024-04-28 17:50 | Report Abuse

Used my RM100,000 gain to pay partially for a condominium with a nice sea view.

Posted by TheContrarian > 2024-04-28 17:51 | Report Abuse

Today that condominium has a market price of RM600,000.