INSAS BHD

KLSE (MYR): INSAS (3379)

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Last Price

0.915

Today's Change

+0.005 (0.55%)

Day's Change

0.91 - 0.92

Trading Volume

237,500


43 people like this.

47,394 comment(s). Last comment by TheContrarian 5 hours ago

TheContrarian

9,579 posts

Posted by TheContrarian > 2024-08-27 11:19 | Report Abuse

@SinGor, who are you having 🐎 race with?

Johnchew5

11,786 posts

Posted by Johnchew5 > 2024-08-27 14:28 |

Post removed.Why?

TheContrarian

9,579 posts

Posted by TheContrarian > 2024-08-27 17:24 | Report Abuse

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

speakup

27,481 posts

Posted by speakup > 2024-08-27 19:02 | 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

probability

14,501 posts

Posted by probability > 2024-08-27 19:08 | Report Abuse

Earnings out - 4.4 cents! Fantastic...

speakup

27,481 posts

Posted by speakup > 2024-08-27 19:26 | Report Abuse

-4.4sen? Is loss?

probability

14,501 posts

Posted by probability > 2024-08-27 19:27 | Report Abuse

of course positive la...

Income

13,467 posts

Posted by Income > 2024-08-27 19:32 | Report Abuse

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

Sslee

7,463 posts

Posted by Sslee > 2024-08-27 20:14 | 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

TheContrarian

9,579 posts

Posted by TheContrarian > 2024-08-27 22:14 | 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.

Johnchew5

11,786 posts

Posted by Johnchew5 > 2024-08-28 08:24 |

Post removed.Why?

Income

13,467 posts

Posted by Income > 2024-08-28 08:59 | Report Abuse

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

Income

13,467 posts

Posted by Income > 2024-08-28 09:03 | Report Abuse

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

Tatooine

338 posts

Posted by Tatooine > 2024-08-28 09:14 | 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.

ocbc

1,217 posts

Posted by ocbc > 2024-08-28 14:43 | Report Abuse

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

speakup

27,481 posts

Posted by speakup > 2024-08-28 14:44 | Report Abuse

Wait for Leno buy call then all in

Tatooine

338 posts

Posted by Tatooine > 2024-08-28 15:10 | 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.

TheContrarian

9,579 posts

Posted by TheContrarian > 2024-08-28 16:15 | Report Abuse

Leno stuck 15 years 6 months. 🤣🤣🤣

Income

13,467 posts

Posted by Income > 2024-08-28 16:26 | 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.

xiaoeh

2,944 posts

Posted by xiaoeh > 2024-08-28 16:48 | Report Abuse

Inari laosai....

TheContrarian

9,579 posts

Posted by TheContrarian > 2024-08-28 17:20 | Report Abuse

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

TheContrarian

9,579 posts

Posted by TheContrarian > 2024-08-28 17:35 | Report Abuse

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

Tatooine

338 posts

Posted by Tatooine > 2024-08-29 10:28 | 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 > 2024-08-29 14:54 | Report Abuse

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

ocbc

1,217 posts

Posted by ocbc > 2024-08-29 15:27 | Report Abuse

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

SinGor

4,988 posts

Posted by SinGor > 2024-08-29 17:43 | Report Abuse

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

TheContrarian

9,579 posts

Posted by TheContrarian > 2024-08-29 17:56 | Report Abuse

Hahaha, that guy gone MIA.

Tatooine

338 posts

Posted by Tatooine > 2024-08-30 10:10 | 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

Johnchew5

11,786 posts

Posted by Johnchew5 > 2024-09-02 08:02 |

Post removed.Why?

Sslee

7,463 posts

Posted by Sslee > 2024-09-02 09:40 | 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 %

Tatooine

338 posts

Posted by Tatooine > 2024-09-02 15:11 | 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

Tatooine

338 posts

Posted by Tatooine > 2024-09-03 09:28 | Report Abuse

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

Tatooine

338 posts

Posted by Tatooine > 2024-09-03 10:37 | 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

Tatooine

338 posts

Posted by Tatooine > 2024-09-03 17:04 | Report Abuse

Rhb trustee also dump 35 million omesti shares. Game over … now 14 cents

TheContrarian

9,579 posts

Posted by TheContrarian > 2024-09-03 18:09 | Report Abuse

All of us must show our appreciation to Ah Thong for keeping Insas market price down so that we all could buy Insas cheaply.

TheContrarian

9,579 posts

Posted by TheContrarian > 2024-09-03 23:17 | Report Abuse

Now Dow Jones Index down > 400 points , Nasdaq Index down > 300 point , if tomorrow Inari lau sai, Insas probably drop below RM1.

speakup

27,481 posts

Posted by speakup > 2024-09-04 07:40 | Report Abuse

u guys still here?

Sslee

7,463 posts

Posted by Sslee > 2024-09-04 09:24 | Report Abuse

Why compare jaks with Insas.
Insas cash rich and pay dividend

Mike-tikus jaks never pay dividend and every year asking money from shareholders or investors with RI or PP for working capital and loan repayment.

Tatooine

338 posts

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

Insas below rm1 , inari dropping. Yet again thong miss the opportunity to cash in profit and return money to shareholders.insas should be asset stripped as thong and board have no idea how to invest or run a company until too late and it is bust. Insas dividend is terrible !

Sslee

7,463 posts

Posted by Sslee > 2024-09-04 10:31 | Report Abuse

Insas should return the excess cash to shareholders. But that will only occur after Ah Thong secured his and PAC holding above 50%

30/06/24 30/06/23 30/06/22 30/06/21 30/06/20 30/06/19 30/06/18 30/06/17 30/06/16 30/06/15 CAGR
Net Worth 2,433,378 2,340,464 2,194,599 1,982,432 1,750,354 1,737,078 1,650,887 1,551,436 1,352,726 1,267,337 7.51%

Year ended
30/06/2024
RM'000
Cash and cash equivalents comprise of:-
Cash and bank balances 182,697
Deposits with licensed banks and financial institutions 1,030,990
1,213,687
Less:
Cash and bank balances pledged (30,289)
Fixed deposits pledged (214,893)
968,505

Posted by Balian de Ibelin > 2024-09-04 10:48 | Report Abuse

Dun disturb thong jai.
Thong jai is very busy counting "His Money". The money is not yours. 😁

TheContrarian

9,579 posts

Posted by TheContrarian > 2024-09-04 17:28 | Report Abuse

As predicted Inari lau sai today and Insas closed below RM1.

Tatooine

338 posts

Posted by Tatooine > 2024-09-05 07:26 | Report Abuse

@sslee thong will never take over insas! He just hopes shareholders thinks so, that way they think they will get rich and not make him accountable for the absolute disaster he has created whilst also getting rich from all the side deals shareholders get nothing from!! Insas will never go private, even last time he let the warrants all expire. He has a useless board at insas who are complicit in all this so they do as they are told.

Sslee

7,463 posts

Posted by Sslee > 2024-09-05 07:55 | Report Abuse

Time is running out and Ah Thong has untill Insas-WC expired date to increase his and his PAC holding from 32.96% to 33% threshold and trigger a conditional MGO.

With his and his PAC holding in WC, they can convert their WC to Insas and still managed to make their Conditional MGO unconditional even all the other shareholders reject the MGO offer.

Sslee

7,463 posts

Posted by Sslee > 2024-09-05 07:57 | Report Abuse

Once Ah Thong bocome a major and controlling shareholder then he will start to distribute Insas cash back to shareholders.

CharlesT

15,207 posts

Posted by CharlesT > 2024-09-05 08:10 | Report Abuse

Still can issue many rights issues in future with WD/WE/WF/WH/WI etc

Now is just WC......

CharlesT

15,207 posts

Posted by CharlesT > 2024-09-05 08:10 | Report Abuse

So WC's expiry may not be a urgent deadline to Ah Thong I guess

CharlesT

15,207 posts

Posted by CharlesT > 2024-09-05 08:16 | Report Abuse

Posted by CharlesT > 3 minutes ago | Report Abuse

Still can issue many rights issues in future with WD/WE/WF/WH/WI etc

Now is just WC......

Having said so, they normally have rights issues every 5 years, not sure how many rights issues more U can see during your lifetime

The next could be 2026...How old is Ah Thong now?

CharlesT

15,207 posts

Posted by CharlesT > 2024-09-05 08:30 | Report Abuse

Senior just relax lah, patiently wait for this counter to drop lower...then buy and keep it in the jungle

Wait for 1 or 2 years U will likely to see 50% profit smelly smelly...from the historical price pattern

Sslee

7,463 posts

Posted by Sslee > 2024-09-05 08:31 | Report Abuse

With so much cash hoarding I would not think Bursa SC will allowed another cash call RPS with free warrants.

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