SAme rubbish from Chairman. They want to have a billion cash in the bank and refuse to give shareholders cash back. It's a completely rubbish answer that subsidiaries might need cash, and the war in Russia is really affecting insas. again wow on current share price shareholder should be happy with a 2.7% retune
Board are getting whacked by shareholder questions now. All saying board is terrible for not returning cash. Same useless answers. cannot give cash back as russia etc. Absolute rubbish
Now a question on why share price so low and board are responsible for it compared to actual book value. Answer is none of there issue or problem beyond there control... another very long answer avoiding answering it
another angry shareholder. same 2.5c dividend and cash hoard. Same reply. we don't care. once it went up to 1.30, we did so well. apparently all market issue
oooh big one. Is thong controlling the board ??? woohoo reply. Apparently they say they are legally ok, they claim not to be thong puppet. no one believes them
omesti, hohup . are they going pn17? They are restructuring and selling land. they will see what happens omesti also in financial trouble. still looking at it ... terrible. Thong was and is board director.
yet another question on massive cash pile... how can the board say they need over 1 billion for working capital and possible investment. all under control of thong
Now talking about inveting, no longer startups. now more mature companies... they seem to travel everywhere at shareholder expense looking at investment
avoided even bringing up independent directors. expect nothing from insas going forward. Only option IF thong takes private. if not INSAS next 20 years same as last 20 years going nowhere....
Tong K O is totally totally unhappy with Insas Majority shareholders. Their Integrity and competency called into question? If it is soo cheap, TKO may buy over the company? Source : theedge weekly.
Hehe what everyone knows. Even the AGM they all looked incompetent. They now sell more inari shares like every quarter and to cover losses due to incompetence. I am sure they all get big bonus even though just a scam
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....
TheContrarian
9,558 posts
Posted by TheContrarian > 2 months ago | Report Abuse
Insas really cham, no corporate structure, minorities been stripped naked slowly for sure.