INSAS (3379) - Historical Price List

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

1 day ago

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.

1 day 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.

1 day ago

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.

1 day ago

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 …

1 day ago

Insas sells Inari merely to manipulate its quarterly results.

1 day ago

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.

1 day ago

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

1 day ago

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?

1 day ago

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.

1 day ago

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.

1 day ago

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.

1 day ago

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

1 day ago

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

1 day ago

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?

23 hours ago

Insas % holding in Inari has been diluted due to ESOS and PP.
Insas also sold some Inari to take profit and thus enable Insas to accumulate cash and bank deposit to the tune of over RM 1 billion.

14 hours ago

Thong and Insas directors normally will exercise their ESOS and sold Inari share in open market to take profit.
During the last inari AGM inari shareholders vote against allocation of ESOS to Thong.

14 hours ago

@sslee , https://theedgemalaysia.com/article/insas-raises-stake-formis-resources might help you see why this all happened and again all thong.. not sure why you link thongs bad decision to anyone buying insas . Nothing to do with each other.

14 hours ago

What do you expect when you are running M&A securities and Insas credit and leasing?

Know what is direct business transaction? Against investing your excess cash into financial fair value assets or investing into short term money market?

13 hours ago

If clients pledged shares securities for margin finance with M&A Securities or financing loan with Insas credit and leasing and if clients default who will end up holding the pledged shares?

13 hours ago

Posted by Sslee > 2 hours ago | Report Abuse

Insas % holding in Inari has been diluted due to ESOS and PP.

Although Insas' interest in Inari was diluted, the very high private placement price of RM3.10 increased the NTA of Inari and benefited Insas.

12 hours ago

Yes. Current new equity accounting standard gain on deemed disposal due to PP or ESOS that was done above NTA price.

12 hours ago

@sslee so you now agree this was thing’s decision. And yes because he agreed to do this is why the whole situation has come about. This is your “somehow” . Previously you said lending money to the likes of microlink was good an no issue, what happens when like Hoh up, Omesti .. microlink also same . I was will end of with shares in another dead company that thing has sat on the board for over 10 years ..

12 hours ago

If only you have run a business then you will know bad or good business deal is part and pacel of running a business, what more when you are running a stock broking, IPO, PP, M&A advisory, underwitter, placement agent and ah long lending business.

11 hours ago

You make a very ignorant comment that I don’t own or have owned business to suit your argument. So now you agree the. That hohup, microlink and Omesti Dgsb all bad decisions . Not sure what is left in your point that you say thong is so good at investment . You keep changing your point 🤷

11 hours ago

Luckily I am not running any business and I can choose what share to invested in or making a trade for some gain.

11 hours ago

I am just trying to say there are many thousand of share for you to choose to invest in or avoid. So make your choice wisely.

11 hours ago

Yes and you seem to do well at it which is great. But I feel my point is still very valid. If thong had a boss he would have been fired for so many mistakes .

11 hours ago

I am not a woke person and believe people can have different opinions and that is fine

11 hours ago

You think thong is a great investor, I don’t

11 hours ago

What do you think of Thong a good investor or bad investor for waiting patiently and timing his move when to use his holding in warrants to increase his and his PAC insas holding from 32.96% to more than 50% at lowest cost to him and his PAC?

11 hours ago

The rm92 million thong is telling the insas board they have to approve for microlink is clouded on the fact thong has done a deal to get his son on the board and that other directors are putting thong at the centre of why microlink has gone from 90 cents to 30 cents. That is not a clean well thought out reason.

11 hours ago

@sslee insas was 40 cents a share. Why not do it then ? I don’t think he ever will as he does not need to take nay money out of insas as a dividend as he takes cash out other ways and has already got plenty of money.

11 hours ago

Insas credit and leasing will even lend you billion financing to take over insas if you can prove your worth and qualified as VVVIP client.

After all it is nothing personal but just a win win business deal

11 hours ago

What's this debate about? That Thong hasn't done anything in the interest of the minority shareholders of Insas? Doesn't matter, at a certain entry price level Insas is a value buy, at other entry price level Insas would be a value trap.

11 hours ago

If Thong buy any Insas share at 40 sen from open market and trigger the 33% MGO. The MGO will fail as the advisor will advise shareholders to reject the offer due to offer is unfair and unreasonable because the fair value of Insas is RM 4-6.

And for one year Thong will be forbided to trigger another MGO.

11 hours ago

I have seen many share undervalued by acquirer and still go through on bursa

11 hours ago

Either way thong will not do anything

11 hours ago

@MrSslee, exactly, Thong can't simply do a MGO, if he fails, he has to sit out a year. His end game could be to exercise all his warrants in February 2026. If Thong buys more warrants from the market he need not announce it as he is no longer director. So, if he slowly accumulates the warrants no one would be aware until they publish the next Annual Report.

10 hours ago

If Insas share price continues to drift, the warrant price will follow and as time goes, the warrant premium will narrow. Thong can take his sweet time to grab the warrants.

10 hours ago

Why bother ? He gets all the cash out now he wants , has a board that are lemming and do what they are told. This is why share price so bad and no one interested . 20 years been like this. Only way to profit from insas in buy on dip sell on high. Other than that it is useless and thong wants it that way

10 hours ago

If I had first bought Insas 20 years ago I would have surely made more than 4 fold gain, maybe 10 fold gain, hahaha.

10 hours ago

Comes February 2026, Insas share price hovers around 90 sen, Thong buys all warrants off the market including those held by Leno for 1 sen.

10 hours ago

Posted by TheContrarian > 2 weeks ago | Report Abuse

Insas at 1.07 it's difficult to make a 30% gain within 6 months. So, I would rather be invested in say, Mycron @ 38.5 sen or MAA @ 37 sen.

MAA to fly?

8 hours ago

MAA Group Bhd's minority shareholders have rejected the group's proposed selective capital repayment (SCR) exercise of RM1. 10 per share at its annual general meeting today. This means that MAA will not be taken private at RM1. 10 per share.29 May 2019.

MAA shareholders should had taken the SCR offer then.

7 hours ago

That time I exited MAA at around 1.04 or 1.06, sold all in one go. My average cost around 60 sen.

7 hours ago

SaudaraMaraUlarSawa

Anyone can tell me can buy now?

6 hours ago

speakup

I bought Insas 80, exit all 1.20

6 hours ago