INARI] Change In Substantial Shareholder's Shareholding - INSAS BERHAD on 14-Jun-2024 Stock [INARI]: INARI AMERTRON BERHAD Announcement Date 14-Jun-2024 Reference No CS2-26012024-00092 Substantial Shareholder's Particular: Name INSAS BERHAD Details of Changes: Currency - Date of Change Type Number of Shares 13-Jun-2024 Disposed 500,000 Registered Name Insas Plaza Sdn Bhd Nature of Interest Indirect Interest 12-Jun-2024 Disposed 5,000,000 Registered Name M & A Nominee (Asing) Sdn Bhd for Media Lang Limited Nature of Interest Indirect Interest 12-Jun-2024 Disposed 1,500,000 Registered Name Insas Plaza Sdn Bhd Nature of Interest Indirect Interest 11-Jun-2024 Disposed 1,500,000 Registered Name Insas Plaza Sdn Bhd Nature of Interest Indirect Interest Nature of Interest Indirect Interest Shares Ordinary shares Reason Disposal in the open market Total no of securities after change Direct (units) 0 Direct (%) 0.00 Indirect (units) 518,508,575 Indirect (%) 13.77 Total (units) 518,508,575 Total (%) 13.77 Date of Notice 14-Jun-2024
They did sell , and the reason they do it every quarter is because without it every quarter insas would be losing money through bad management and bad investments . They think if they keep selling shares and make a profit people will not realise why they are doing it…
Insas BOD decided to take profit on Inari as most insas shareholders want Insas to take profit. So no complaint from me when Insas sold some Inari shares to report a good quarter result.
The problems is I cannot understand why Insas BOD hold such a large cash hoard of over RM 1 billion?
Insas BOD decided to take profit on Inari as most insas shareholders want Insas to take profit. So no complaint from me when Insas sold some Inari shares to report a good quarter result.
The problems is I cannot understand why Insas BOD hold such a large cash hoard of over RM 1 billion?
Insas is hoarding cash for the big, special dividend of 35 sen after Thong exercises his warrants and crossing 50% shareholding.
Actually Thong and PAC can just surrender their PB with corrospond amout of WC to insas shares and trigger the conditional MGO.
Even if shareholders rejected the MGO offer Thong and PAC can still convert whatever WC they still hold and cross the 50% and rendered the MGO unconditional at the end of MGO closing date.
Thong needs to acquire sufficient Insas-WC in order to be able to cross 50% and render the MGO unconditional. And Thong can stealthily accumulate Insas-WC without having to report any purchases since he isn't a director of Insas.
Ahyo 'still speculating Thong power play ker 16 hours ago
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Only when thong is ill bed ridden, he will control back Insas,Or else Thong will not make power play. 16 hours ago
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Thong still sihat. So, no power play ler
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The momen t you hear Thong take sihat diam diam atas Katil, you collect All In here. 16 hours ago
Posted by Mikecyc > 1 day ago | Report Abuse
Haha getting interesting lo , add in Probability aka Victor Yong that exposed on 3/5/2023 :
Conditions : evaluate Highest Up % or Down % within each Period , and evaluate the Gain or Loss % and dividend % per entry price at end day of each Period .
1st Period end day : 15/12/2023
>> Number: Contester ID: Stock picked: Price at 15/6/2023
1: 3iii: PBB: RM 3.85
2. Sslee : INSAS: RM 0.835
3; qqq47660 ( Ori id qqq3333 n aka id qqq1212 are banned ) : DNEX: RM 0.52
4: Income : TOMEI: RM 1.08
5: calvintaneng : JAYA TIASA: RM 0.645
6: STony: CAPITALA: RM 0.80
7: speakup : CMSB: RM 1.06
8: UlarSawa: AYS: RM 0.375
9. Mikecyc: PA: RM 0.265
10: Felix888: ARMADA: RM 0.440
11: Probability aka Victor Yong aka Good123 on Crack Spread Wayang at RM 7.00 with Team Leader sLee : HRC : RM 3.18
12 : Probability aka Victor Yong aka Good123 on Crack Spread Wayang at RM 7.00 with Team Leader sLee : Petronm : RM 4.98
It probably means insas core business losing more money than ever and need more profit from share sales to cover bad management yet again. Insas board and management taking all the cash they cash out of the company …
Insas is worth nearly 400% more closed and money given back to shareholders than being run by current terrible board and management who just do want Thong wants… and yes he has no idea what he is doing..
Stock [INARI]: INARI AMERTRON BERHAD Announcement Date 18-Jun-2024 Reference No CS2-14062024-00124 Substantial Shareholder's Particular: Name INSAS BERHAD Details of Changes: Currency - Date of Change Type Number of Shares 14-Jun-2024 Disposed 5,000,000 Registered Name Insas Technology Berhad Nature of Interest Indirect Interest 14-Jun-2024 Disposed 2,000,000 Registered Name M & A Nominee (Asing) Sdn Bhd for Media Lang Limited Nature of Interest Indirect Interest 14-Jun-2024 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 (i) Disposal in the open market (ii) Acquisition and disposal via Direct Business Transaction Total no of securities after change Direct (units) 0 Direct (%) 0.00 Indirect (units) 516,508,575 Indirect (%) 13.71 Total (units) 516,508,575 Total (%) 13.71 Date of Notice 18-Jun-2024
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 2904 views | 2 d ago
0:17
New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
TheContrarian
9,171 posts
Posted by TheContrarian > 2 months ago | Report Abuse
Invest in whatever stock based on your own assessment, not because someone tells you to.