Inari is organic growth company with increase revenue By keeping so much cash inari should be able to do M&A if opportunities arrived to growth the company further.
Inari will not have organic growth to keep share price up. Thong had over 1 billion in cash for years at inari, do nothing with it. Same as insas. Complete lost cause . Insas warrant now 19 cent. Perhaps everyone realise thong just messing with shareholder and never going private
I want to make a disclosure that I hold no Insas share and no Insas warrant ........ but I may buy tomorrow ........ or next week ......... or next month ........ or next year ................
Jayatiasa at current price with incoming 3.5 sen dividend should be a good buy. If CPO price can maintan above RM 3,900 then second half earning (with peak FFB production) will be very good and share price should move north.
Ah Thong can't take Insas private the best he can hope for is how to increase his and his PAC holding from 32.96% to above 50% at the lowest cost to him.
Once he is able to do that then he will distribute insas cash hoarding to shareholders because by then he need the money to repay borrowing taken to increase his holding from 32.96% to above 50%
As to the question why, oh why, oh why hasn't Ah Thong made his move yet? Because ........ because .......... Ah Thong hasn't own enough warrants yet to take his shareholding over the 50% line. At present he has enough only to take him to 48%. He needs a bit more and he isn't in a hurry as he has until February 2026.
Insas warrant price currently trading at 9 to 10 sen premium has discouraged Ah Thong from buying the warrants. As expiry date draws closer warrant premium will eventually drop and Ah Thong will eventually mop up the warrants cheaply.
@MrSslee, usually I don't like to recommend stocks to others, I just quietly buy and announce my purchases ..... and later my sales. If you desire high dividend yield with high NTA, with high net cash/near cash backing, Hexza looks promising.
Insas is full of "smart" people, at one time there was someone who predicted that Insas will hit 60 ringgit, then went missing for months, now screaming boh chow see.
Hexza NTA is from holding of US stocks. The EPS from operating business is not high. The ability to pay dividend come from realised gain from US stocks trading.
Hexza has consistently paid a minimum of 4 sen dividend annually in the past 10 years. This year they proposed a 7.5 sen dividend. There's huge margin of safety to protect from any drastic fall in US stocks values. At least, unlike Insas, Hexza makes effort to reward shareholders with higher dividend.
Thong will never buy anymore shares. He has no need to. He is happy to have cash pile building. Do not expect any bumper dividend. Last 20 years all the same nothing has or will change. Insas next 5-10 years same range bound. Only will drop badly if/when inari die due to thong bad management. Hohup, microlink, m&A , insas all the same .. bad management from thong. He and his friends get rick but shareholder can only make money by buy and sell shares. Very sad
to those who writes and deletes writes and deletes.... if u foresee u will delete what u write for whatever reason... please please do not write any of your thoughts if u r not sure or not firm or cannot take it or to face your own thoughts and comments please hold your hand
Other than inari which also has management issues how has thong given shareholder returns? Share price below ipo price 2 decades ago. Nearly all investment company in financial trouble giving insas exposure to more right offs. Only way anyone make money is share price up and down and insas have no pr or marketing
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Sslee
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Posted by Sslee > 1 week ago | Report Abuse
leno had you sold your WC?
Or are you still waiting for WC 1 week after expire and will become Insas share automatically?
Posted by leno > 2024-02-26 09:16 | Report Abuse
Insas 1.18
WC 0.38
1 week after expire
WC 0.38 will become mother 1.18 automatically
= 210.5 % profit in 2 years !!
INSAS RM 60 RINGGIT is KAMBENGGGGGGGG AAAAAAAAAAAAAAA !!