Name INSAS BERHAD Indirect/deemed interest (%) 17.039 Indirect/deemed interest (units) 554,853,575 Date of notice 04 Aug 2020
Indirect interest:-
(1) Insas Technology Berhad - 424,769,375 (No change) (2) Media Lang Limited - 26,016,500 (3) Insas Plaza Sdn Bhd - 103,867,700 (No change) (4) Montego Assets Limited - 200,000 (No change)
Insas still hold 554,853,575 Inari, if every quarter Inari able to pay 2 cents dividend then cash inflow per year from Inari alone is 44 million + M&A and ICL will contribute another 40 million.
Next quarter another cash inflow from sale of Sengenics. With so much cash in hand, eager to know how the Board will utilise the cash to grow the company? Note: Insas already invested in glove making company.
Sslee. Hoseh liao. Insas very rich like you having a rich dad. But why still RI ah? JAKS RI understandable since CEO a crook and can't borrow anymore from banks cos bank worry JAKS go bankrupt. But Insas leh? I appreciate your alternative comments on JAKS to raise awareness. However, are you falling into the same category? Self hypnotize after you hold a company shares? Just a thought. If you wanna invest in high NTA company, i suggest MUI. The boss is very old oledi wink wink. I think Insas boss might live longer than you haha.
Just a thought about Insas. Funds a lot but will not declare high div. Boss must be fattening the cow to have a party later for himself only. Shareholders given crumbs. Any likelihood Insas may be taken private then sifu.
Insas was well known as newbie value trap where controlling shareholder Dato' Sri Thong and PAC hold abt 32.96% just 0.04 % below the 33% MGO threshold And for reason only know to Dato' Sri Thong he like to accumulate and lock up the value inside Insas.
According to insider the current multi proposal is one way to unlock Insas value.
As of ALP you judge for yourself whether he will give shareholders crumbs but give himself free LTIP and whether can he accumulate wealth or wasted it in many creative way
Any way tomorrow will be interest day for the listing of Rights shares and warrant C
After nearly 10 years of construction, Hai Duong BOT Thermal Power Plant in Quang Thanh commune, Kinh Mon town officially launched commercial power unit No. 1 at 0:00 on November 24, providing 600 MW of electricity per hour. for the national grid system. It is known that at 19:00 on November 23, Jaks Power Co., Ltd., the investor of the Hai Duong BOT Thermal Power Plant, completed all the performance tests, running the initial capacity test. Machine number 1. With the efforts of Jaks Electricity Co., Ltd, Unit 1 has connected to the national power grid 1 week before the deadline of the BOT contract signed with the Ministry of Trade on November 31, 2020. According to The plan, unit 2 of Hai Duong BOT Thermal Power Plant will be commissioned in early December this year and will generate commercial electricity to join the national grid before the coming Lunar New Year. When both units are put into operation each hour, it will provide 1,200 MW to the national grid system, contributing to overcoming the risk of power shortage, creating conditions for socio-economic development.
Not a bad performance by JAKS this morning, considering today starts the flooding of new RI shares n the day for budget voting this afternoon. COD news announcement certainly is good news
WC justifies a bigger premium as it got 2 additional expiry years. I would trade WC due to better liquidity. WB illiquid. WB ok if you spend less than RM10k
luckyman Warrant-B may be a better buy now as compared to Warrant-C since the premium is lesser 26/11/2020 9:48 AM
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
7,294 posts
Posted by Sslee > 2020-11-25 09:42 | Report Abuse
Dear Psng1215,
https://www.bursamalaysia.com/market_information/announcements/company...
Name INSAS BERHAD
Indirect/deemed interest (%) 17.039
Indirect/deemed interest (units) 554,853,575
Date of notice 04 Aug 2020
Indirect interest:-
(1) Insas Technology Berhad - 424,769,375 (No change)
(2) Media Lang Limited - 26,016,500
(3) Insas Plaza Sdn Bhd - 103,867,700 (No change)
(4) Montego Assets Limited - 200,000 (No change)
Insas still hold 554,853,575 Inari, if every quarter Inari able to pay 2 cents dividend then cash inflow per year from Inari alone is 44 million +
M&A and ICL will contribute another 40 million.
Next quarter another cash inflow from sale of Sengenics.
With so much cash in hand, eager to know how the Board will utilise the cash to grow the company?
Note: Insas already invested in glove making company.