Posted by sohaitrader > 3 weeks ago | Report Abuse

insas flying soon ... Finance sector dah terbang .. MBSB INSAS Cantik sekali

Posted by kklim112 > 3 weeks ago | Report Abuse

Testing

Posted by kklim112 > 3 weeks ago | Report Abuse

Hello SSLee n all,
Any input, feasible solution for share priz unreasonable depress not following actual or market value by some s holder for selfish or finalise personal intention.

Posted by kklim112 > 3 weeks ago | Report Abuse

finalise = win-lose

Posted by Sslee > 3 weeks ago | Report Abuse

Controlling shareholders Dato',Sri Thong and PAC hold 32.96%. Any SBB or him buying from open market will trigger 33% threshold conditional MGO.

Dato' Sri Thong is waiting for a right moment to increase his holding at minimum cost to him as possible thus he got many proxies buying and selling and trying to keep Insas at depressed price.

Posted by Johnchew5 > 3 weeks ago | Report Abuse

👉

AS AT 30 SEPTEMBER 2022
Name of substantial shareholders
No. of ordinary shares

1. Dato’ Sri Thong Kok 166,064,962 25.05 Khee *
25.05 %

2. M & A Investments
International Limited 124,420,289 18.77%

3. Dato’ Thong Kok Yoon ** 74,203,648 11.19 %

Direct and deemed interest by virtue of his family members’ interest and his substantial interest in M&A Investments International Limited, Immobillaire Holdings Sdn Bhd, Baktihan Sdn Bhd, Winfields Development Sdn Bhd and Montprimo Sdn Bhd.

** Direct and deemed interest by virtue of his family members’ interest and his substantial interest in Perak Traders Holdings Sdn Bhd and Baktihan Sdn Bhd.
Name of shareholders No. of ordinary % shares:

1. Baktihan Sdn Bhd 21,746,400 3.28 %

Dato’ Sri Thong Kok Khee + Dato’ Thong Kok Yoon deemed interest: 25.05 +11.19 - 3.28 = 32.96%

Since Dato’ Sri Thong Kok Khee and PAC hold 32.96% and Insas cannot do any SBB that will result in Dato’ Sri Thong and PAC trigger the 33% MGO threshold provided Dato’ Sri Thong and PAC seek and table a SBB MGO waiver for shareholder approval.

Question:

Why the Board table Ordinary Resolution 7 – Proposed renewal of authority for the Company to purchase its own shares without Dato’ Sri Thong and PAC seeking to table a SBB MGO waiver for shareholder approval?


-


The Company had obtained the shareholders’ approval for the renewal of the authority to purchase its own shares at the 59th AGM held on 2 December 2021. The said authority is going to expire at the conclusion of the 60th AGM of the Company.

Ordinary Resolution 7 is being tabled at the AGM as approval is required from the shareholders of the Company to renew the authority to purchase up to 10% of the
total number of issued shares of the Company. The renewal of authority will provide flexibility to the Company for any possible share buy-back activities and to avoid any delay and costs involved in convening general meeting to approve such share buy-back authority in the event:

(i) the shareholdings of Dato’ Sri Thong and PAC reduce to a level which allows such Share Buy-Back scheme to be undertaken; or

👉 (ii) Dato’ Sri Thong and PAC seek and obtain waiver of MGO from the shareholders and relevant regulatory authorities.

——

Posted by Johnchew5 > 3 weeks ago |

Post removed.Why?

Posted by Johnchew5 > 3 weeks ago |

Post removed.Why?

Posted by Johnchew5 > 3 weeks ago |

Post removed.Why?

Posted by kklim112 > 3 weeks ago | Report Abuse

Hello SS Lee and all,
If trigger 33%for MGO....
Get the depressed low share price...What is they actual possible intention... for privatization Insas ??
If recall correctly privatization required minimum 90% of share.
Pls enlighten and input.
Thanks in advance.

Posted by Sslee > 3 weeks ago | Report Abuse

The last time when many banks & broking firms not giving margin finance, cap the DF credit facilities for speculative stocks which are trading at very high PE & price to book.
(Money upfront for buy order on these speculative stocks)

Insas spike up to 52 weeks high of RM 1.35

Today many of these speculative stocks suffered a sell off. Will history repeat again for Insas?

Posted by TheContrarian > 3 weeks ago | Report Abuse

Insas RM1.35 is probably more than 20 years high.

Posted by Income > 3 weeks ago | Report Abuse

kklim112 Hello SS Lee and all,
If trigger 33%for MGO....
Get the depressed low share price...What is they actual possible intention... for privatization Insas ??
If recall correctly privatization required minimum 90% of share.
Pls enlighten and input.
Thanks in advance.

22/08/2024 7:05 PM

?

Neither privatisation, nor MGO
Because Ah Thong will just write a Will to transfer Insas to his children. 🧒 children 👦
No need to speculate that…
I am more worried about WHAT his Children doing with Insas company…

Posted by Income > 3 weeks ago | Report Abuse

But the Cat 🐈‍⬛ will surely be koyakkkk.
U know what I mean?

Posted by Income > 3 weeks ago | Report Abuse

If dropping to 10 sen, only safe to collect and wait for another 15 years to sell Insas.
Or else very risky here.
I can’t foresee Insas future prices. Better be safe.

Posted by Johnchew5 > 2 weeks ago |

Post removed.Why?

Posted by SinGor > 2 weeks ago | Report Abuse

Horse race between OskH vs Insas still on Or Not??? OskH will report good Qr results, both properties &
Cables are very consistent according to similar industries report

Posted by TheContrarian > 2 weeks ago | Report Abuse

@SinGor, who are you having 🐎 race with?

Posted by Johnchew5 > 2 weeks ago |

Post removed.Why?

Posted by TheContrarian > 2 weeks ago | Report Abuse

KLCI up 13 points, Insas down 3 sen. Why?

Posted by speakup > 2 weeks ago | Report Abuse

[27/8/2024 2:41 pm] speakup: CI pushed up to hide broader underlying weakness in the market. Wonder who is doing this? Probably govt instructions to GLCs to paint nice picture of Malaysia market to foreigners

Posted by probability > 2 weeks ago | Report Abuse

Earnings out - 4.4 cents! Fantastic...

Posted by speakup > 2 weeks ago | Report Abuse

-4.4sen? Is loss?

Posted by probability > 2 weeks ago | Report Abuse

of course positive la...

Posted by Income > 2 weeks ago | Report Abuse

Lots of Bursa shares not up but CI is Up. Funny Bursa. Seems invisible hands are involved???

Posted by Sslee > 2 weeks ago | Report Abuse

When will Dato' Sri Thong use Insas cash to make a SCR offer?

Year ended Year ended
30/06/2023 30/06/2024
RM'000 RM'000
Cash and cash equivalents comprise of:-
Cash and bank balances 104,747 182,697
Deposits with licensed banks and financial institutions 943,505 1,030,990
1,048,252 1,213,687
Less:
Cash and bank balances pledged (2,376) (30,289)
Fixed deposits pledged (233,801) (214,893)
812,075 968,505

Posted by TheContrarian > 2 weeks ago | Report Abuse

SCR at low offer price wouldn't be successful. Cheaper for Ah Thong to exercise his warrants at 90 sen to cross 50% shareholding first.

Posted by Johnchew5 > 2 weeks ago |

Post removed.Why?

Posted by Income > 2 weeks ago | Report Abuse

Bro, sinkhole at KL Jln Masjid India is big. Bursa index goes up but majority goes down… into Sinkhole???

Posted by Income > 2 weeks ago | Report Abuse

Bro Mike 🐀, your point 1, point 2, point 3, point 4 for Insas can you please tell us here. Thanks

Posted by Tatooine > 2 weeks ago | Report Abuse

Thong at some point runs every company he has run into the ground.. Inari results are terrible!! Same as Omesti, Hohup, Microlink, DGSB etc. He will never take insas private, he has made so much money already and purposely not for his shareholders. He has a Ceo and board who are muppets and does exactly as they are told. The warrants will expire like last time! The only way to male money is buy and sell on ups and downs. Do not buy insas because you think Thong will actually do the best for shareholders.

Posted by ocbc > 2 weeks ago | Report Abuse

INSAS now the cheapest stock under Finance sectors. Cheers !!

Posted by speakup > 2 weeks ago | Report Abuse

Wait for Leno buy call then all in

Posted by Tatooine > 2 weeks ago | Report Abuse

Thong also screw up Inari, over rm2 billion cash sitting there. Refuse to give back to shareholder also has no clue what to do with it! Sound familiar … insas has over rm1 billion in cash, refuse to give back to shareholder clueless what to do with it.

Posted by TheContrarian > 2 weeks ago | Report Abuse

Leno stuck 15 years 6 months. 🤣🤣🤣

Posted by Income > 2 weeks ago | Report Abuse

Ok, Insas is the biggest Sinkhole in Bursa and the longest duration value chain in Bursa. The 🐈‍⬛ is still trapped in here. No play play.

Posted by xiaoeh > 2 weeks ago | Report Abuse

Inari laosai....

Posted by TheContrarian > 2 weeks ago | Report Abuse

I remember not so long ago someone here asked if Inari goes to RM6 , how much will Insas be?

Posted by TheContrarian > 2 weeks ago | Report Abuse

Tomorrow Inari better bounce back, if not, Insas will drop like waterfall.

Posted by Tatooine > 2 weeks ago | Report Abuse

The lack of confidence the market has in thong from his bad management, constant investment failures , dismal shareholder returns has swept across all related shares to insas . Its why insas is so terribly valued. The insas board are a public joke amongst investors.

Posted by Balian de Ibelin > 2 weeks ago | Report Abuse

The computer chip has failed. The indentured servants blame thong jai ......

Posted by ocbc > 2 weeks ago | Report Abuse

those company with hugh cash reserve can buy over any cheap company on fire sale

Posted by SinGor > 2 weeks ago | Report Abuse

stockraider
Insas will beat Osk share price soon loh!
_________________
I think bet place in Jan 2024 ( both stock around 87sen )

Posted by TheContrarian > 2 weeks ago | Report Abuse

Hahaha, that guy gone MIA.

Posted by Tatooine > 2 weeks ago | Report Abuse

Microlink Ceo and Cfo resign. Complete mess !! No risk committee doing there duty would give microlink any money! If insas give them rm90 million it is a against there fiduciary duty and the supposed independent directors should be investigated

Posted by Johnchew5 > 1 week ago |

Post removed.Why?

Posted by Sslee > 1 week ago | Report Abuse

Aiyoyo,
I already sold most of my insas at RM 1.20+.
And now waiting to collect back below RM 1.00

Unlike someone trapped inside jaks for more than a year now and need to tell lies about jaks FCF is positive and CAGR 3Y+ 29.9%

Posted by Johnchew5 > 4 minutes ago | Report Abuse
Hoho Jaks :
FCF Yield 0.73 %
CAGR : 3Y + 29.9 % TTM + 28.4 %

Posted by Tatooine > 1 week ago | Report Abuse

Microlink 22 cents… game over like omesti, hohup, dgsb and many others thong and insas board wasted shareholder money in and thong was director and responsible . Insas also doing badly ! Inari only thing they keep sellong to cover there bad management. Should asset strip insas , close it and give cash back to shareholders!! Otherwise thong will kill inari and then all go bust and no cash left

Posted by Tatooine > 1 week ago | Report Abuse

Big shareholder dump 136 million shares, over 10% in microlink!! Game over

Posted by Tatooine > 1 week ago | Report Abuse

Every investment Thong and this useless board have done both directly and through subsidiaries have failed with Thong on the board of nearly all except inari which has a big possibility of failing for the same reason. No wander he does not want to take private as even he probably thinks his own investments are useless