Sslee

My question is why not spend less owned more Inari share and become controlling shareholder of Inari and appoint your nominees to the the board of director of Inari?

And the best part if able to take over Insas then you still have whatever inside insas including the 1 bilion cash hoard.

3 days ago

BLee

“TheContrarian > Mr Sslee is asking why funds buy Inari via private placement rather than making a hostile takeover of Insas.”

“Sslee > And the best part if able to take over Insas then you still have whatever inside insas including the 1 bilion cash hoard.”

In a nutshell, PP is internal funding inside Inari which can add Inari value whereas buying Insas from the open market could be a ‘futile hostile’ exercise…two different exercises with two different outcomes.
For example, both Inari and Insas are a piece of empty land (Insas own a small portion of Inari); PP is $ spend to build a tall building to add value whereas bidding/spending on the other piece of land could be a ‘futile hostile’ exercise with no value added…

3 days ago

Sslee

As investor you can either choose to invest on Inari PP or not and it did not affect Inari as other investor will take up the PP.

My question as investor why invest in inari PP when you can use the money to make a take over of Insas and become controlling shareholder of Inari and still owned whatever inside Insas?

3 days ago

TheContrarian

Thong smart, he ensured Insas haram so EPF or KWAP can't buy Insas.

3 days ago

Sslee

Thong is very smart and like a poker player watching with his hawk eye from sideline to time his move to increase his and PAC holding in Insas from 32.96% to above 50% at lowest cost to him and his PAC

3 days ago

Income

Bo chawwww. Si Ahhhh🙄

3 days ago

xiaoeh

SsLee sifu
will u buy Star Media Group and Keep?
Mr Thong and The Edge Media Group seem holding substantial amount of its share...

TONG KOOI ONG 28-Aug-2023 Disposed 379,200 0.000
TONG KOOI ONG 24-Aug-2023 Disposed 10,000 0.000
TONG KOOI ONG 18-Apr-2023 Notice of Interest 39,339,200 0.000
ICHC ANSTALT 18-Apr-2023 Notice of Interest 37,500,000 0.000
PHILEO GROUP LIMITED 18-Apr-2023 Notice of Interest 37,500,000 0.000
THE EDGE COMMUNICATIONS SDN BHD 18-Apr-2023 Notice of Interest 37,500,000 0.000
THE EDGE MEDIA GROUP PTE LTD 18-Apr-2023 Notice of Interest 37,500,000 0.000

3 days ago

TheContrarian

@xiaoeh, Tong is not Thong.

3 days ago

xiaoeh

Posted by TheContrarian > 2 minutes ago | Report Abuse
@xiaoeh, Tong is not Thong.

Ha...?!!!
this Tong is not that Thong ha...?
how dumb i am!!
may i know who is this Thong ha?
mind sharing?

3 days ago

TheContrarian

Tong is boss of The Edge, Thong is boss of Insas.

3 days ago

xiaoeh

all the while i've been thinking of this Tong is that Thong u guys are talking....
wrong frequency wrong frequency...
will go tuning will go tuning...
😂

3 days ago

TheContrarian

And there's also a Chong.

3 days ago

Sslee

Will Tong increase his holding in Insas and become a substantial shareholder?

2 days ago

TheContrarian

Needs to buy 35 million shares to become substantial shareholder.

2 days ago

Sslee

Tong buy in Star Media to become a substantial shareholder.
Will Tong do that too with Insas?

If he does I will write to him on his right to table his resolution at AGM for shareholder voting to appoint himself to be Insas director.

2 days ago

TheContrarian

It will cost Tong probably twice his cost in Star to build a 5% stake in Insas.

2 days ago

Lpc1225

One group is trying to keep the price low(most people know who) while another group is happily collecting when the price is low.The tussle is getting interesting.

2 days ago

TheContrarian

There's no tussle, buyer and seller is the same person.

2 days ago

Sslee

Yes right hand sell to left hand to pull down and once collected enough left hand sell back to right hand to push up.

2 days ago

TheContrarian

Exactly.

2 days ago

TheContrarian

More people exercising their warrants.

1 day ago

speakup

Mean Cash per share drop

1 day ago

TheContrarian

Increased people get to share Insas cash hoard.

1 day ago

Sslee

Insas
Ann. Date
Date
Type
Units
Price
View
24-Apr-2024 25-Apr-2024 Exercise of Warrants 49,000 0.900 Additional Listing Detail
08-Apr-2024 09-Apr-2024 Exercise of Warrants 1,590 0.900 Additional Listing Detail
05-Mar-2024 06-Mar-2024 Exercise of Warrants 37,000 0.900 Additional Listing Detail

1 day ago

xiaoeh

will share price drop over these Exercise of Warrants?
share base increase?

1 day ago

Sslee

Why not just sell the WC and use the money received from the sales to purchase Insas from open market?

1 day ago

Tatooine

I have heard insas already doing financing for microlink. Apparently some people blame thong for the mess at Omesti and microlink so he is forced to bailout microlink. Apparantly he is very arrogant the insas is his and the board will do as they are told …

1 day ago

TheContrarian

The Board of Insas comprised of puppets and Thong is the puppet master.

1 day ago

xiaoeh

Tech sector seems starting moving....

1 day ago

5354_

2024-04-24

Insider

DATO' WONG GIAN KUI (a company director) disposed 100,000 shares on 23-Apr-2024.

18 hours ago

5354_

Director sell at what price?

18 hours ago

TheContrarian

Director sold RPS.

18 hours ago

5354_

I thought promoter tell TP RM 1.5 why director sell so low?

16 hours ago

Sslee

Last time I sold WC and PB to top up Insas.
So what wrong CEO sell the Insas-PB?

INSAS BERHAD - REDEEMABLE PREFERENCE SHARES B MAIN : Finance
Last Price Today's Change Day's Range Trading Volume
0.965 0.00 (0.00%) 0.00 - 0.00 0

Avg Volume (4 weeks): 5,776
4 Weeks Range: 0.96 - 0.97

16 hours ago

5354_

CEO is seller because coming QR not good because of Microln share plunge?

16 hours ago

Sslee

Insas hold omesti share and RPS as fair value financial assets.
And every quarter will report fair value gain/loss on this asset.

16 hours ago

Sslee

This coming quarter end 31/3/2024 very interesting to check what will be the disposal gain on 10 million inari and 100 million M&A share.

16 hours ago

WellnessAntiCancer

Another interesting Corporate Politics, someone is testing the water to see the exercising Warrants 49,000 even though it is OUT OF MONEY at current price RM1.03.

If Thong is careful, he will have enough Warrants to convert his INSAS WA to secure >50.01% ordinary shares from current 32.9%.

SSLee is expert to calculate THong’s true holdings via his friendly allies or proxies.

15 hours ago

Tatooine

Thong will not do anything. He has already become rich my draining cash from insas and doing his own developments and business . For big development in bukit damansara he did with another partner. He has not interest in doing anything with insas when the board are muppets/puppets and he controls everything.

12 hours ago

Tatooine

https://theedgemalaysia.com/node/709336 Not sure this is the first to change opinion on inari and others will follow or just someone low balling … definitely think insas should sell inari as enough profit . It could drop a lot …

12 hours ago

TheContrarian

Insas sells Inari merely to manipulate its quarterly results.

12 hours ago

TheContrarian

Posted by Sslee > 4 hours ago | Report Abuse

This coming quarter end 31/3/2024 very interesting to check what will be the disposal gain on 10 million inari and 100 million M&A share.

Insas has sold sufficient amount of Inari and M & A shares to report a nice lovely EPS.

12 hours ago

Tatooine

Thong is so desperate not to look like the failed investor he is that he will never sell the inari stake. Even if it costs insas shareholders 1 billion ringgit he does not care. His ego is more important

10 hours ago

Sslee

Failed investor?

Those invested in Insas should know better many of those holding: Omesti, Hohup and etc were legacy holding from M&A margin finance and Insas credit and leasing pledged shares securities that somehow end up in Insas.

So are you also a failed investor for investing in Insas?

9 hours ago

Sslee

Insas will always hold Inari share as controlling shareholder. Only on and off insas will trade some Inari share to make quarterly result look good.

9 hours ago

TheContrarian

Eight years ago when I first bought into Insas, it was hovering around 65 sen and Inari at that time around one ringgit. After 8 years Insas is today at 1.02 while Inari at 3.06.

6 hours ago

TheContrarian

In the past 8 years Inari gave bonus shares twice , a 1 for 1 bonus issue in 2017 and a 1 for 2 bonus issue in 2018. So 1 Inari shares 8 years ago, then trading at around one ringgit has become 3 shares at 3.06 today.

6 hours ago

TheContrarian

A person who bought Inari shares 8 years ago and hasn't sold would have made an 8 fold gain or roughly 100% annually.

6 hours ago

Sslee

Any person can match Insas still holding 527,008,575 Inari share.

5 hours ago

TheContrarian

8 years ago Thong and PAC already held close to 33% in Insas and there has been no changes since. 8 years ago how much Inari did Thong personally held? How much does he still hold?

5 hours ago