Posted by BLee > 2024-05-12 17:55 | Report Abuse

“TheContrarian > Insas has new target price, RM1.80.”

Yes, RM1.80 if Insas ‘kill the Golden Goose’ Inari, and can afford to pay 35 sen Dividend..haha

Posted by Realrich > 2024-05-12 18:06 | Report Abuse

Insas not paying dividend. No operator keen to goreng his share

Posted by TheContrarian > 2024-05-12 18:09 | Report Abuse

The idea of Thong exercising 230 million warrants at exercise price of 90 sen is to take his shareholding over 50% in a blink of an eye. This is the cheapest method for him to cement his hold on Insas officially. After that he will privatize Insas and own Insas 100%.

Posted by TheContrarian > 2024-05-12 18:18 | Report Abuse

When Thong exercises 230 million warrants he is obliged to make a mandatory general offer (MGO) for all Insas shares at 90 sen per share. As the MGO will fail Thong will only own slightly above 50%. Insas share price can continue to be suppressed thereafter for several years until one day Thong will propose a Selective Capital Repayment to privatize Insas.

Posted by Sslee > 2024-05-12 18:24 | Report Abuse

Wasted my so many years of asking BOD at every AGM to pay a reasonable, fair and equitable dividend.

Now I only know the real reason is Insas can't pay dividend.

Posted by Sslee > 2024-05-12 18:27 | Report Abuse

If only insas pay out to shareholders what Insas received from inari dividend what will be that dividend amount?

Posted by TheContrarian > 2024-05-12 18:29 | Report Abuse

@MrSslee, got to give it up, treat Insas as a trading stock, buy when it's cheap enough, sell when all the so-called masters/sifus get excited.

Posted by TheContrarian > 2024-05-12 18:30 | Report Abuse

Thong could have shared Insas' wealth with the minorites if he wanted to but sadly .........

Posted by Sslee > 2024-05-12 18:39 | Report Abuse

I can't understand rich man thinking. Can they bring their rich to grave.

They need to understand in giving we received.

Posted by TheContrarian > 2024-05-12 18:53 | Report Abuse

In his mind Thong could be thinking that the minority shareholders didn't contribute to enhance Insas' value so they don't deserve it.

Posted by Sslee > 2024-05-12 19:30 | Report Abuse

TheContrarian,
Tomorrow should I buy some Sg Bagan and Kucai?

Posted by TheContrarian > 2024-05-12 20:32 | Report Abuse

@MrSslee, let SBagan price cool off first. Any huge special dividend will only be declared months later after OCBC Bank completed the general offer of Great Eastern shares. Short term players have taken position last Friday and they will eventually sell. I feel best not to rush in and wait for price to fall back and stabilize. Monday price might spike based on The Edge write up.

Posted by TheContrarian > 2024-05-12 20:36 | Report Abuse

4.76 million Great Eastern shares will all now be with SBagan, Kuchai has sold off all to SBagan.

Posted by TheContrarian > 2024-05-12 20:37 | Report Abuse

For those who don't know, Insas owns some shares in OCBC Bank which owns Great Eastern.

Posted by TheContrarian > 2024-05-12 20:39 | Report Abuse

And I want to disclose currently I own some shares in SBagan but none in Kuchai.

Posted by TheContrarian > 2024-05-12 20:41 | Report Abuse

And I hereby declare that I intend to buy more SBagan shares at the right price at the right time.

Posted by TheContrarian > 2024-05-12 21:07 | Report Abuse

Great Eastern shares will bring in RM426 million. SBagan enlarged share capital will have 93.5 million shares, that's RM4.55 per share.

Posted by hsong > 2024-05-12 21:08 | Report Abuse

Does insas got these shares?

Posted by TheContrarian > 2024-05-12 21:11 | Report Abuse

Insas owns OCBC Bank shares which owns Great Eastern shares, so Insas owns Great Eastern shares, hahaha.

Posted by speakup > 2024-05-12 21:44 | Report Abuse

I search no find anything about Insas holding any Ocbc shares. Can show us the link? Thx

Posted by xiaoeh > 2024-05-12 21:52 | Report Abuse

Posted by speakup > 7 minutes ago | Report Abuse
I search no find anything about Insas holding any Ocbc shares. Can show us the link? Thx

+1

Posted by TheContrarian > 2024-05-12 22:22 | Report Abuse

Posted by TheContrarian > 2018-07-29 04:40 | Report Abuse

I bought Insas at 65-66 sen in 4 tranches from June to Nov 2016 and sold off all at 1.06 and 1.10 in 2 tranches in June/July 2017, that's a gain 66%. Even received a 1 sen dividend. Sometime this year I started buying back at 80 sen down to 77 sen. Sometimes timing is important to maximize gain rather than buy and hold for forever. Insas has been good to me and will be good to me again.

I found an old posting of mine way, way back in 2018.

Posted by TheContrarian > 2024-05-12 22:25 | Report Abuse

@speakup, go dig up the old Annual Reports of Insas and read through every page. If you are sharp, you will see OCBC Bank mentioned.

Posted by TheContrarian > 2024-05-12 22:34 | Report Abuse

Back in 2018 I was hoping Insas will be good to me again and of course Insas was good to me again not only a second time but a third time, ended up making a four fold gain.

Posted by Sslee > 2024-05-13 07:42 | Report Abuse

As of 30 June 2019, the Group’s investments in listed equities are primarily in the properties and REITS, consumer products and financial services sectors in both local and overseas stock exchanges, and the

key equity investments include, amongst others, IGB REIT, Ho Hup Construction Company Berhad, Omesti Berhad, SYF Resources Berhad and Oversea-Chinese Banking Corporation Limited.

Posted by Sslee > 2024-05-13 07:47 | Report Abuse

Insas foreign investment as at 31/06/2023

US Singapore Sterling Australian Hong Kong Other Dollar Dollar Euro Pound Dollar Dollar currencies Total
RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000

Financial assets at fair value through profit or loss
23,175: 102,361: 151: 769: 10,469: 37,315: 7,520: 181,760

Posted by Sslee > 2024-05-13 07:51 | Report Abuse

investments in listed equities
Singapore equilvalent RM 102,361,000
HK equilvalent RM 37,315,000
US equilvalent RM 23,175,000
Australia equilvalent RM 10,469,000

Posted by speakup > 2024-05-13 07:54 | Report Abuse

thx sslee

Posted by TheContrarian > 2024-05-13 09:22 | Report Abuse

How much of the investment in listed equities Singapore equivalent RM102,361,000 is in OCBC Bank?

Posted by xiaoeh > 2024-05-13 09:25 | Report Abuse

Thanks SSLee sifu
hope for SSLee sifu could periodically guide us how to read AR in very detail....
Thanks in advance...

Posted by xiaoeh > 2024-05-13 09:34 | Report Abuse

SSLee sifu
is Financial assets at fair value= investments in listed equities?
as the above both numbers are identical...

Posted by Sslee > 2024-05-13 09:43 | Report Abuse

Yes.
The value is mark to market every quarter.

Posted by xiaoeh > 2024-05-13 09:55 | Report Abuse

Noted and thanks for your guiding

Posted by Sslee > 2024-05-13 09:55 | Report Abuse

Q2 end 31/12/2023
RM'000
(Loss)/Gain on fair value changes of financial assetsat fair value through profit or loss (1,081)

Hopefully Q3 end 31/03/2024 will have some gain.

Posted by TheContrarian > 2024-05-13 10:07 | Report Abuse

Stock market everywhere is higher in March 2024 compared to December 2023, there will surely be gains. Unfortunately minority shareholders don't gain this through Insas share price.

Posted by TheContrarian > 2024-05-13 10:16 | Report Abuse

Insas will be receiving dividend of S$0.42 (RM1.47) per share from OCBC Bank on 21 May.

Posted by UncleFollower > 2024-05-13 11:00 | Report Abuse

Suddenly so quiet hahahaha all dont dare to say anything scared it drop as quick as it rose right

Posted by UncleFollower > 2024-05-13 11:02 | Report Abuse

TheContrarian has a good understanding of corporate laws and exercise one of the more learned investors around eh

Posted by UncleFollower > 2024-05-13 11:03 | Report Abuse

And now he is watching carefully thinking why WC moved ahead of mother share since Friday whether this is real or distribution and thinking what is the consensus now for him to act in contrary 🤣

Posted by TheContrarian > 2024-05-13 11:30 | Report Abuse

I can sell off my 3,000 Insas shares which i bought at 1.03 at the same time as you did.

Posted by TheContrarian > 2024-05-13 11:32 | Report Abuse

You still holding your 200,000 shares?

Posted by UncleFollower > 2024-05-13 11:42 | Report Abuse

Unfortunately, I have much more now 😅

Posted by Sslee > 2024-05-13 11:44 | Report Abuse

Sold some of my OSK and top up more Jayatiasa. Still hold on my Insas, MSC, Teoseng, Petronm which I think should report good quarter result.

Posted by UncleFollower > 2024-05-13 11:44 | Report Abuse

Mother share end Mar sold, mid Apr bought back and kept buying

WC kept buying down and controlled exposure

No intention to liquidate yet

WC at 22-23c was 1.13. Couldnt resist. It may be worthless, but I will just take it as having bought Insas at 1.13 by mistake and held for 2 years 😂

Posted by UncleFollower > 2024-05-13 11:47 | Report Abuse

Unfortunate, because this one is an underperformer. Funded Insas with my MYEG sale, terrible choice. Speculated on Sendai made a little bit and then also channeled to Insas transferring the profits over thinking I am lowering my average to circa 90c. But look at Sendai today. Well. Well. Just have to swallow it. A series of silly mistakes shouldn't have started Insas lol

Posted by TheContrarian > 2024-05-13 11:54 | Report Abuse

@UncleFollower, spread your investment, don't be too heavy on one stock.

Posted by UncleFollower > 2024-05-13 11:55 | Report Abuse

Were you all live to see the warrants move? There's a shifting huge seller queue as it moved up. When buyer bought out the 25-25.5c, the 26c SQ was 3M shares (30000 board lots). Then it shifted. Last Friday same.

I dont know what this means but obviously its function is to discourage buyers. So hopefully this means finally "they" are accumulating again. I have enough, tired of the low stagnant price. A bit of action is good lol

Posted by speakup > 2024-05-13 11:55 | Report Abuse

Ok so Insas owns some Ocbc shares. Ocbc forking out money to privatized GE at a premium, means less dividend to Ocbc shareholders right?

Posted by UncleFollower > 2024-05-13 11:55 | Report Abuse

@TheContrarian, that's a very genuine good advice. I will try 😂

Posted by TheContrarian > 2024-05-13 11:55 | Report Abuse

Relative to most other stocks Insas isn't performing.