Inari is associate company of insas. The holding cost of Inari is equity accounting and everytime Insas sold Inari will report big disposal gain and more cash hoard.
No one cares how big insas cash hoard is as shareholders will never see it. It is why insas share price such a discount . It says what the market thinks of thong and insas’s collapsing investments
Understand but thong will not give it out, wong was never suppose to be ceo but hing failed to take private as he had stepped down to distance himself. He will just do what ever thong says. The rest of the board are useless and the supposed independent directors are a joke. This agm there answerers will be written by a lawyer as they know the directors are very exposed. With all the failed investments how to say they are a long term investment company. All BS
So many people happy thong has screwed up. I have been in meetings with him and he uses insas money and power to belittle and attack people. It is why he is so divisive in any company and they usually fail as he makes them toxic. Now they are all smiling as everyone sees how publicly he has destroyed companies.
I have been warning since last year that Insas is a value trap, as the major shareholders seem indifferent to minority interests. For a supposedly asset-rich and cash-rich company to issue a cash call in 2020 is already a significant red flag.
If calculate w.r.t. initial investment value and dividend of 2.5 sen; the returns are better compared to the present bank FD rate!! The share price has almost doubled; will it be considered a ‘value trap’? Furthermore, I have sold 80% of my holding together with Offer Rights (Insas-OR) during the 3rd Feb.,2021 Right Issue; the remaining 20% at zero cost. Only a ‘value trap’ if compare w.r.t. NTA which I think none of us invested at this price…
As for the cash call, it is RPS with a coupon 3.8% rate and free warrants to replace previous cash calls. Those who subscribe for this cash call still MakeMoneyAllHappy..why ‘significant red flag’? At RPS maturity, the R(edeemable) PS investment returns every sen. The free warrants are in the money now, and can easily ‘untrap’...therefore theoretically above the ‘value trap’; just my opinion for Happy Trading and TradeAtYourOwnRisk.
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Company already paid tax for giving dividend to shareholder s。 Now another 2% dividend tax for Rm100,000。 Sslee sir will be taxed Kaw kaw because more than rm100,000。 Sslee sir now crying louder。 Don't opt for dividend just get price appreciate and sell to gain money
Just KonLee Kon tricks when he is half past 6 on facts n figures.. but pretending know everything wow ..
Then as his usual way is Tikuss away .🤣🤣🤣
Posted by Mikecyc > 11 hours ago | Report Abuse
Haha n Hoho oredi posted the hidden risk on YTLpower: 1.) PowerSeraya power plant service life .. total 2900 MW 2.) Kulai DC Green park 500 MW 3.) Wessex : water n sewerage .
Posted by Sslee > 11 hours ago | Report Abuse Aiyoyo Mike-tikus beside fake figures as facts also very good at slanderous and gibberish. The ytlpower forum miss you a lot.
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....
Sslee
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Posted by Sslee > 2024-10-14 09:30 | Report Abuse
Inari is associate company of insas. The holding cost of Inari is equity accounting and everytime Insas sold Inari will report big disposal gain and more cash hoard.