Posted by hw0706 > 2 months ago | Report Abuse

stock which is Inflation & Deflation ....with the tourism openning, will benefit the share...

Posted by airfan99 > 2 months ago | Report Abuse

The organic earnings growth inherent in pricing power makes businesses in the Branded Retail sector unique - and provides a strong competitive moat. This makes Innature paradoxically a high quality stock being offered at cigar butt prices - a wonderful business at a wonderful price.

Posted by hw0706 > 1 month ago | Report Abuse

Hence, this thesis boils down to simply waiting for valuations to revert to the mean (i.e. 60% upside at 25x FY19 when the next retail upcycle rolls along, while getting paid an above-average bond yield to wait. Why do I make reference to ‘bond yield’? Because their cash flows are highly robust and the company is in a net cash position, making their dividends bond-like. For the aforementioned low-risk and earnings visibility reasons, Branded Retail stocks tend to command relatively high valuations for the Retail sector of about 25-30x. For reference, the local Starbucks (Berjaya Food: 5196.KL) and 7-11 (SEM: 5250.KL) listed entities are currently (and have consistently) trading at 30x and 25x pre-covid earnings respectively, without any significant growth catalysts in sight.

Posted by hw0706 > 1 month ago | Report Abuse

Innature’s business motto is elegant in its simplicity - Business As A Force For Good. Innature has been pursuing ESG right from the start, long before it was cool.

Innature is one of the rare small-cap Malaysian listed companies which actually go out of their way to show that they care about Sustainability. ESG is the bridge between corporations and governments - where the societal role of corporations is to optimize scarce resources, while the societal role of government is to provide for indispensable social needs even if they may not necessarily be sustainable.

ESG tries to pull companies closer to the middle by enabling the sustainable provision of social needs, resurrecting the premise of the social contract - where the immense resources of the private sector are lent towards performing some of the heavy lifting in society. It also harkens back to the ancient days of old, before the corporations’ sole duty was purely in the service of maximizing shareholder returns. The investment thesis is simply that the current share price (RM 0.64) is trading at a discount to the value of the low-risk Malaysian operations alone - there are no valuation gymnastics to be performed here. Cash flow risk is lower than Gandhi’s ego, and being paid a normalized dividend yield of 4.5% while waiting for valuations to revert to mean at least offsets inflation. I am willing to stake my reputation on this company not going bankrupt.

Posted by Hafid > 1 month ago | Report Abuse

wait and see. see can maintain or privatise....

Posted by SmallSexyPig > 1 month ago | Report Abuse

what logic is it that they will privatise, they went public like 2 years ago

Posted by khpwwl > 1 month ago | Report Abuse

possible privatise...floating in market not more than 25%

Posted by khpwwl > 1 month ago | Report Abuse

those who bought last friday, today t2 should be got fs...where are the tickets?

Posted by khpwwl > 1 month ago | Report Abuse

https://www.klsescreener.com/v2/announcements/view/3893567

Posted by khpwwl > 1 month ago | Report Abuse

due to market floating not more that 20%, prudential starts to dispose shares?

Posted by hw0706 > 1 month ago | Report Abuse

Privatise and list it somewhere else

Posted by kayce > 1 month ago | Report Abuse

No wind, No wave! Somethings must be cooking!

Posted by chkhooju > 1 month ago | Report Abuse

Eventually the major shareholder has to take it private. She has no other option.

Posted by SmallSexyPig > 1 month ago | Report Abuse

Cannot just issue more shares? I mean I am no expert but if their share spread for public is below threshold why isn't it possible to just issue bonus shares for example?

Posted by kayce > 1 month ago | Report Abuse

Issue Bonus Shares would not help the % of dilution. Private placement might help.

Posted by chkhooju > 1 month ago | Report Abuse

Kayce is right. Bonus issue is back to square one. Cannot solve the float problem. Only private placement can do the trick, but at the disadvantages of the minor shareholders. Retailers will be getting a raw deal.

Posted by hw0706 > 1 month ago | Report Abuse

If privatise than maybe at rm0.68 first than after that up again

Posted by speakup > 1 month ago | Report Abuse

just listed recently want privatise already? what u smoking man?
if u want privatisation candidates, here's the list: FACBIND, ICAP, INSAS, KSENG, MPHBCAP. all cash rich

Posted by chkhooju > 1 month ago | Report Abuse

@speakup, you have to understand that the major shareholder is holding close to 75% and Prudential has slightly more than 5%, leaving its float at less than 20%. Bursa has given it until 26 March to rectify the situation.

Posted by SmallSexyPig > 1 month ago | Report Abuse

Aside from all this privatisation talk. That was a very nice Q4

Posted by hw0706 > 1 month ago | Report Abuse

The 2022 result already is over the 2020 result which is at pre covid result.

Posted by hw0706 > 1 month ago | Report Abuse

If the 2023 can have profit of 33mil than is good

Posted by ossanluv > 1 month ago | Report Abuse

2020 is a covid year. We had a total lock-down in 2020..............

Posted by speakup > 1 month ago | Report Abuse

Cash per share is only 5sen/share, which represents 8% of the current share price. There is no reason for major shareholder to take private now. Maybe later in future, but not now.
All the other privatization candidates I mentioned before, have cash per share at least 50%.

Posted by speakup > 1 month ago | Report Abuse

take KSeng for example: Net cash rm987mil is rm2.73/share, representing 77% of the share price!
Icap for example: Net cash rm140mil is rm1/share, representing 50% of the share price!
so easy for major shareholders to take private, as they can do a SCR

Posted by chkhooju > 1 month ago | Report Abuse

But....... still no way to acquire the required threshold of the 25% float.

Posted by speakup > 1 month ago | Report Abuse

There is no incentive for innature major shareholder to take private considering cash/share only 5¢

Posted by speakup > 1 month ago | Report Abuse

Maybe in distant future, not now

Posted by SmallSexyPig > 1 month ago | Report Abuse

I don't think they want to go back to private

Posted by ossanluv > 1 month ago | Report Abuse

All in all the qtr result is not bad all things considered. Div for whole 2022 at 5% already. Short term traders of course as always more depended on timing vs the performance of the company.

Is just 2 different poisons / beasts of your trading choice.

Posted by SmallSexyPig > 1 month ago | Report Abuse

interesting that Malaysia's 2 biggest banks have buy calls on this relatively small stock yet on good dividend announcement and fair price people sell. I will never truly understand the mind of traders on bursa

Posted by SmallSexyPig > 4 weeks ago | Report Abuse

Public Bank revised TP 0.73

Posted by ossanluv > 3 weeks ago | Report Abuse

Intraday or swing traders only interested in an ongoing 'cheong' counter. Now Innature is not in a high gear yet. Only institutions and serious long term investor are trying to nibble a bit here and there collecting slowly now.

Posted by kayce > 3 weeks ago | Report Abuse

Looking at it, by now the % dilution issue should have been resolved !

Posted by chkhooju > 3 weeks ago | Report Abuse

Oh, no. You are very wrong. It can be resolved easily unless one party, sell down. It's float is now at less than 29%, very below the 25% threshold.

Posted by chkhooju > 3 weeks ago | Report Abuse

Sir, typing errors. It should read, cannot be returned easily. Float now below 29%>

Posted by chkhooju > 3 weeks ago | Report Abuse

Cannot be resolved easily...

Posted by kayce > 3 weeks ago | Report Abuse

Referring to the Date line, Banks buy calls, Dividend announcement etc....
and No heavy selling !

Posted by SmallSexyPig > 3 weeks ago | Report Abuse

i will wait for announcement

Posted by ossanluv > 3 weeks ago | Report Abuse

@chkhooju, I think your understanding of the free float issue is wrong.

The public stock spread issue for Innature that bursa gave till 29 March to resolve is TO RAISE to the MINIMUM of 25% spread per bursa requirement. Currently the spread is around 20%+-.

So, I don't understand your statement of ........'Float now below 29%>'...............28%, 27%, or 26% are all below 29%, but meet the bursa 25% minimum requirement....pls do tell if I misunderstood your understanding

Posted by ossanluv > 3 weeks ago | Report Abuse

ohhh btw, just to help you all understand the big picture ........Datuk Simon Foong basically own around 75%, Prudential around 5% .......of course don't enough to meet the bursa 25% requirement......currently Innature is seeking bursa why Prudential's holding not considered under public spread (private investment vs under fund investment - hair splitting????).......

Then again, you can't just ignore the elephant in the room right - the 75%+- holding.........

Posted by chkhooju > 3 weeks ago | Report Abuse

clarified my typing errors, it should read below 20%> Its float is slightly more than 19%> only. Neither the Foongs or Prudential will sell it down to materialize the stipulated float.

Posted by kayce > 3 weeks ago | Report Abuse

Buy time again ! Or some party to sell 5%+- before month end.

Posted by SmallSexyPig > 3 weeks ago | Report Abuse

under 0.6 is a lovely entry price

Posted by khpwwl > 2 weeks ago | Report Abuse

adui...hold tight tight pun tak mahu goreng...wait for dividend saja

Posted by ossanluv > 2 weeks ago | Report Abuse

@khpwwl

????......if goreng2 how to hold tight tight............if hold tight tight how to sell, buy, sell, buy = goreng2.......konfuse....

Posted by ossanluv > 2 weeks ago | Report Abuse

today got extra actions.....price starts to moving

goreng for dividend?

Posted by SmallSexyPig > 2 weeks ago | Report Abuse

InNature becoming a B Corp company is fantastic news.

Posted by khpwwl > 2 weeks ago | Report Abuse

But still can't move up....

Posted by khpwwl > 1 week ago | Report Abuse

seen like they give dividend to cover those shareholders who bought 0.68, breakeven the cost and sell its back to them. is this one of the reason that they are pressing the price?