Very happy with my autocount ipo grabbing a few shares of a company that everyone I know uses. Question now is, do we buy more?

But please stop bullying sslee with circular comments and insults which do nothing to investors. If need to argue discuss as a gentleman and stop insulting him like a child. I think sslee never once claimed he was a stock guru or sold any classes. In fact he has no need to, and is the same like me and otb, sharing thoughts and our own results for the world to see and learn from our mistakes. If not for the good sharing of people like them, the stock market of bursa would forever still be a backwater mire of pump and dump stocks and overpriced performers.

Correct, so the question to ask yourself is this; is insas as a company growing its revenues, cash flow and profit margins every year? If not, why continue to invest in it?

>>>>>>
Sslee

Below are how Philip (buy what you understand) make his millions in stock market.

To identify MOAT at early growth stage and continues invest every quarter if the growth story continues and enjoy the fruit of the best multi-bagger stocks.

Then again his results since inception is not exactly spectacular

What is interesting is the fact that tong added 50k myr of insas stock into his portfolio at average price of 0.78

I retract my words lee. Please don't sell insas. If the average volume is that low, if you try to dump your 2 million shares, not only will you take more than 2 weeks to sell, by that time the asking price will be a very ugly low number. I think your strategy to just collect dividend and wait for miracles is probably the better way.
>>>>>

Sslee

Market Cap: 562 Million
NOSH: 693 Million
Avg Volume (4 weeks): 152,100

If average 152,100 per trading day then need 13.145 days to clear 2 million shares.

I also lost big on serba, but we all love and learn

My condolences on your lost of opportunity on jaks.
>>>>>
said i would be willing to become JAKS CEO with a 500k salary. He only shut up when i said i was JAKS top 30 share holder.

I'm still a chartered ingenieur, which means I still take projects here and there, like the new feasibility study for lahad datu International Airport, and the reason pavilion group yayasan sabah 6 billion project consultant team. Despite being retired, I'm still sought after to collaborate.

I wonder when you retire and go to wherever your dream retirement home is, will people still look for you? Or would a TV and I3 forum be your best friend.

FYI, why are you still commenting? It is already proven from detailed study that over the last 4 years if you compare QL's performance with insas, ql win by 75% within last 5 years share price, yinson up 40% versus insas -7% within the same period, topglove share splits and share hikes versus insas nothing to say ya.

I'm sorry, why are we still talking about insas as if it is a good investment?

>>>>>
If I am not mistaken Philip just recently retired from his full time job.
My boss never retired so is that mean Philip never start his own business? What a waste on his network of collaboration.

Hi kid, be glad that 30% of my portfolio in 2019 was topglove shares which were held and kept over the years. Instead of telling me nonsense of trying to time the market, you should have just asked yourself, why didn't I buy enough of topglove back in 2019 and hold for just 3 years cun cun buy call?

Then again, my portfolio which was started in 2019, is probably fake.

FYI, I still bought topglove in 2019, which you probably didn't
>>>>>>

Posted by CharlesT > 3 hours ago | Report Abuse

If only Philip listens to my noble advice on not selling TG too early in Mid 2020, not buying more Serbak in 2021 (after listening to the insiders of Serbak), not buying Harta too early during end 2021, he could at least earns n lose less RM50M (or more)

The profits made more than a ringgit in dividends received up date, and being able to buy and hold and sell topglove shares at multi year highs without being greedy to hold until today is under lesson to learn. How much did the general shareholder earn from just holding on

Just a the lesson here is to sell insas and buy inari.

>>>>>>
Some facts and figures on Philip’ business sense.
Philip sold his in-law Public Bank shares and bought Pchem on 04/01/2019 1,495,200 shares at per share RM 8.18.
By the end of 2019 he is holding 2,463,000 shares at average per share RM 7.911 or per share ex dividend of RM 7.699

It is a nonexistent as your love life I suppose.
>>>>
Assuming his portfolio is real lah

You do not have enough business sense to understand the point of it all. You look at the trees and only care to see the leaves and not the forest. The point of networking is not to build a network of dependency, but to build a network of collaboration. This lack of understanding is why you are forever a worker, while your boss is still the boss.

If you think you are smarter than your boss, you would have started your own petrochemical firm by now. As it is, you will always be an overpaid and valuable trusted worker.

Workers look at the surface and understand protocols.
Bosses look at the lesson and improve on it.

Best of luck with your retirement


>>>>>>
Know what wrong with above Philip Mental model/business sense?
My company has a very clear policy never meet/do thing with business associate behind the boss back, never accept any gift from business associate and if you need to have dinner with business associate then you pay the dinner and not the business associate.

If you hear this excuse what would you feel?
Such a lame excuse, still can pakai? 1 billion in cash, you can easily start to find 18% to start buying under different guise to drive the price up and hit mgo quietly. What is 100 million to get 20% to buy over majority? Borrow from bank at 10% pa also worth it...
>>>>>>>>
I think I do explain before.
Leno explanation is the free WC to reward the shareholder.
My explanation since Dato Sri Thong and PAC only hold 32.96% hence to prevent hostile raider Dato Sri Thong and PAC use the WC as defensive tool

As someone with a minimum amount of business sense, I know exactly why. Sslee as someone who is full of BS, I'm thinking he doesn't know why, or chooses not to dig why.
>>>>>>

StartOfTheBull

Why Insas still want to raise rights issue over the years to pay debt?
When question he can't give the answer he just ignored.

Also, correct me if I am wrong sslee. Warrants dilute shareholders upon resolution, and people will then balk at buying shares at a higher price because they know they will be diluted by suppliers

I think his tp was 1.50. Although I have no idea why his tp is 1.50, when the nta is 3.49? What is that logic? You want to be honorable and allow someone else to earn the 1.50 to 3.00 price range? Or is it is not 1.50, you will have a change of heart and wait until 3?

>>>>>

SSslee was still promoting Insas when it was RM1.20? Hold tight tight ke?

Buying low and selling high at just the perfect time every single time right? Amazing, for such an illiquid stock. Hope much can be actually earn?

>>>>>
Posted by Sslee > 2 hours ago | Report Abuse

TheContrarian is laughing all the way to the bank by trading Insas share many times.

Thanks for giving yet another reason why insas is such a horrible deal. I'm business, how is giving wc "rewarding" shareholders? You take rights issue, why? When you have hundreds of millions of dollars? What kind of half assed excuse is that?
>>>>>
Sslee

I think I do explain before.
Leno explanation is the free WC to reward the shareholder.
My explanation since Dato Sri Thong and PAC only hold 32.96% hence to prevent hostile raider Dato Sri Thong and PAC use the WC as defensive tool

11 hours ago

Please explain the justification of rights issue if you have hundreds of millions of cash (according to sslee) in terms of benefitting a company profit long term

Can you explain why a company with almost 6:1 ratio of assets and cash to liabilities still want to raise rights issue over the years to pay debt?

It's comparable to your boss asking to borrow money from you his staff to pay for expenses, saying he will pay you back end of the year.

If that does not leave your head scratching I don't know what will.

If you don't think that is being badly managed, then you deserve to be insas shareholder.

You do realise that esos is granted at the cost of shareholder right? And the only way you will earn is either from profits that are used to reduce debt, dividends and share buybacks. Those are the only way a shareholder actually profits from buying shares in the company long term.

Real value.
>>>>>>

Sslee

Insas past 10 year record:
RM'000
NP to SH: 215,055: 245,706: 14,849: 81,855: 90,517: 180,888: 77,376: 91,129: 160,404: 62,041
Net Worth: 2,194,599: 1,982,432: 1,750,354: 1,737,078: 1,650,887: 1,551,436: 1,352,726: 1,267,337: 1,198,048: 1,046,187

As at 31/12/2022.
Non current assets: RM 918,930,000
Current assets: RM 1,842,474,000
Non current liabilities: RM 170,155,000
Current liabilities: RM 345,778,000
Total equity: RM 2,245,471,000
Of which retain earning: RM 1,344,348,000
NAPS: RM 3.39.

Can a badly managed company do the above?

Purebullsheet, why do you constantly feel the need to boast on your results? It's embarrassing and degrading that you accrual think by dating nonsense that it will add some credibility to your "trading" acumen.

Sure thing kid. I'm sure you make beautiful profit every day with zero possibility of losses. Since it is April 1st, I might as well tell you that I am actually Philip tech chau hyuk and I actually own 18,753,450 shares which I bought at 12 cents, which is now worth 75 cents. So now I made millions while you earn kopi ping.

See how easy it is? Very easy to tell nonsense when you don't have to do anything to back it up.

>>>>>
PureBULL >>>, [2023-04-07 7:57 AM]
a clear cut EX in sds:
i was in at 64/5 n am out completely of its MAJOR C wave

If free dividend income why need to sell shares at all. If need to sell shares why not distribute to shareholders? If not distribute to shareholders, what are they doing with the money? If doing something with the money why still need to do rps and pay preferred shares dividend? So you see, trying to defend the indefensible becomes... mind boggling.
>>>>>

Sslee

Their best technology holdings inari - selling. Ans: Insas still hold 537,008,575 inari for tax free dividend income

How is it quietly when I updated my online portfolio immediately after I sold the entire block and informed everyone in my tracked portfolio? Unlike you I do not comment or insult people in serba group for not knowing maths
>>>>>>
Sslee

By the way did Philip make an apology in Serbadk forum when he know he is wrong and cut loss quietly?

FYI, I made a ton of money buying knower and scib and selling warrants which did a little bit to mitigate my losses in serba.

On another hand, I just wrote to explain why I bought something which I owned. Who should I be apologising to? I dare you to find when did I go to serba forum to tell people to buy and follow me to join in serba shares. But you will find that the moment I sold I did mention in the forum clearly and immediately. In fact, I never once incited anyone to buy serba, and in fact I kept my serba ownership to 5% of my portfolio as I stated even in my articles the risk reward scenario of investing in serba.

But why are we talking about 5% of my portfolio, when your largest holding is undoubtedly in insas. Imagine all the "value" investors taking your advice and your way of trying to defend the indefensible abs you long term 7 year returns in insas which underperform fixed deposit. 7 year returns.

>>>>>>
Sslee

Why I invested in Serba Dinamik, Kpowers and SCIB
Author: Philip ( buy what you understand) | Publish date: Wed, 2 Sep 2020, 5:21 PM

Why I bought even more SERBADK bonds and stocks
Author: Philip ( buy what you understand)

FYI sslee, just so you know hohup major project now is the crown in kota kinabalu, now totally stop change new maincon and no money to inject for bridging loan to continue project. Please take a look at that catastrophe. In fact you are welcome to come down any time to see the progress of a mega project that is forced to sell at 1500 per square foot because of high development and land costs.

And not only that, if you look at my transactions, you will notice that after receiving dividend from pchem I put my money where my mouth was and support it to buy 70k shares of pchem right after receiving. Funny how ii bought 70k shares, prices went up by 10% or 70 cents.

What did you today except talk? Do you even hold any shares my young friend? Put your money where your mouth is. Not the nonsense where when you make money you still at the perfect timing with no portfolio record. Anyone can do.
>>>>>>
BobAxelrod33

Ole man talking very loud today. Is it because PChem has touched 7.50???

2 hours ago

Very sad indeed. Rather than explain further on insas in an insas forum, why are you bringing in other stocks like pchem and harta and hrc and petronm in a insas forum. Like you are always feeling it is your civic duty to tell people to buy hrc or to sell capitalA, I feel it is my civic duty to point out what a "value trap" insas is so young investors who just started reading a book on value investing, use a few screeners and thin they know everything they need to know about investing and start buying "bargains" like insas thinking that it will go up. 7 years later they become sslee.

Let's help new young investors not lose their shirts in these type of badly managed companies.

If this was true, don't you think the Thong family would be the first to do so instead of doing rps and raise debt for no apparent reason?

The simple fact in business is that you need to use current and ongoing business performance to judge a company, not past accolades. That is the best way to measure insas.

Their best technology holdings inari - selling.
Their best stock trading m&a business - selling.
Their development project - loss and stop. No need development.
Their f&b business - when was the last time dome opened new branch?
Their clothing business - not doing well.
Their car business - sold.

A history of failed current enterprises using resources from the past few successful business.

Today is a different world. One needs to be able to see and understand what value traps are.

I would argue that insas is far more insidious, like a mirage of oasis in the desert, you keep walking towards it thinking you will be fine, while all the time not realising you are missing out on water around you.

Learn to cut losses, like I did with serba

And so we come to the crux of the matter. You are stuck, and now just holding and "waiting" for something to change and your returns can improve from your losses investing in insas versus inari.

How long do you wait? 10 years? 20 years? What are your indicators before you realise that insas is a huge value trap. Are you even able to recognise value traps? You have held 7 years in insas and fast approaching 60s.

You forgot the most important investment indicator of all: TIME.

Warren buffet can hold coca cola and apple because he bought them a long long time ago cheap.

I can afford to hold ql and yinson because I bought them all cheap. In fact, my hartalega purchase was funneled by my topglove sales before which I held since 2009, and the long term returns of which are spectacular.

How many years for you to learn new things?

I recommend you study deeply about value traps and start learning to recognise one. Really hard to teach old dog new tricks, but they can still learn.
>>>>>>
So I do not think I will lose money holding on my Insas. To me it is just a waiting game and I don't mind waiting as long as I can get the yearly dividend for my expenses.

What is your total holding period? 7 years? Why only compare now during the worst period in recent history with bank closing and hyper inflation, instead of longer period?

If you were to compare the LONG term holding performance of insas that you bought and held over 7 years, are you performing well long term?

Compare your insas performance with just buying and holding sp500 index or just holding epf index.

If your long term 7 year results are worse than just buying fix deposit long term, then is it really called investing?

>>>>>>
Sslee

3379 INSAS 2,530,000 0.8650 0.7750 2,188,450.00 1,960,750.00 -227,700.00 -10.40

So my Insas just a mere 10.40% down is that a big deal?

FYI I also have bought tesla during that period.

But your opportunity loss on holding insas over the last 7 years is very sad indeed. You would have done much better to buy sp500 over that same period and make even more money.

Or you could have joined me and bought topglove in 2017, ql in 2017, pchem in 2019, and yes even hartalega in 2019 and realised that you would have made tons of money, as my portfolio record clearly shows.

We are in the insas group, so let's stick to discussing on insas and why it is a horrible investment to hold over long periods of time versus just putting money in say your epf.

Yes, even epf is giving you much better 7 year returns than insas.

How is this a good news? If your boss at pt mas decides to give his son a high salary every month and he never goes to work or does anything for the company, and starts selling company assets to feed his own little hobbies, would you say it is good news?

It is really true what they say, if it is your own child, no matter how ugly will still be beautiful in your eyes.

Facing the truth is always hard.

The big simple fact is that if you ask sslee since the day he started buying insas stock until today, what is his record of earning from his shareholding in insas?
In fact, if he had bought inari instead of insas in 2017, he would have benefited much much much more from the multiple share split and dividends received.

Holding insas instead of inari will always be his biggest mistake. But he will still try to convince you that holding insas is the "right" choice.

Just like my neighbour who was trapped in a triumph fx scam recently which promised him 7% returns a month. Yes he has millions "virtually", but he is now stuck unable to liquidate at the price he thinks he has, and he had no way of getting people to buy him out.

All he has is a piece of paper telling him he is rich.
>>>>>>

Sslee

During the last Inari EGM. Shareholders voted against the resolution to entitle non exceutive director Dato Sri Thong to ESOS. So now no more ESOS easy money for Dato Sri Thong.

Dato' Sri Thong need to sell his personal inari holding for his pocket money and later he need Insas dividend money for his expenses. Very good news

You have hit the nail on the head. If we look at icap, we can see exactly what is going on, as the "sslee" in that scenario which is city of London management fund which held a 14% ownership of icap ( far more than sslee), realised they also hit a brick wall in trying to unlock value. But since its recalcitrant "owner" tan teng boo is unwilling to reward investors but is willing to pay huge fees to himself for essentially putting money in fixed deposit, we can begin to understand the reason why insas is also suffering the same fate.

The goal in long term investment is to find owner-partners who treat
us as partners, not as money grabbing goblins.
>>>>>>
Income

Sslee, ICAP - ICAPITAL.BIZ BHD lot of NTA you can buy to become the top 30 of ICAP - ICAPITAL.BIZ BHD???

Still "severely" undervalued if related to NTA.
If we "unlock" insas and borrow 1 billion to buy out all outstanding shares of insas we can "earn" 2 billion to pay off all debt outstanding to bank and earn a cool billion for the effort.
After 9 years+, why is this not happening lee?

Could the world be so blind not to realise this obvious arbitrage?

Or simply like hrc there is far more than meets the eye.

The answer is yes.

>>>>>>
Sslee

Just for the record Insas was trade about RM 1.20 on Nov 2021

And here is another sad truth that all new investors need to learn.

29. Lee Soon Sheng 2,515,000 0.38%

Sslee is stuck. No one is willing to offer more for his shares. And worse, liquidity for insas is so bad that if he were to try to sell his entire position, he would have to ask a substantially lower price below quote, take a huge loss as he paid much higher for his shares, and worse he would have to sell over a longer period of time due to being a illiquid market.

So again, why would you want to buy insas when you can get the liquidity and demand by buying inari shares?

Sorry net asset value of 3.39

The logic "seems" simple. Get sslee boss to borrow 1 billion, buy over insas at rm1.4 per share and make everyone happy. They can then dismantle and sell liquid assets at rm4 total and still make almost triple the investment. Sslee can make out like a bandit with 5x or more profit from his base cost. He is happy. Boss is happy. Everyone is happy.

Why doesn't he do it? At the very least his boss and his other friends in Indonesia can buy over insas 5 times over, with spare change for coffee luak.

BUT WHY DOES SSLEE NOT DO THIS? Or anyone else in fact?

That's where the issues lie and I count the 9th year running where insas SEEMS severely undervalued.

If 10 years pass, and no one picks the beautiful girl from the ktv line-up, you know that she has problems.

If this was true than sslee would be a very rich man when a billionaire comes around and pays that for insas.

But the question sslee will never tell you is why no one is "realizing" this value and paying for it and also why I cannot sell everything I have, borrow to the hilt, get my other partners involved and offer to buy 33% of insas.

Mr Lee will never be able to tell you why no real financier will buy insas, and why no bank is willing to borrow money to insas directors to take it private. D such a nice arbitrage, banks are blind?

No. They realise the same thing that any self respecting businessman will realise by now.

Even sslee is not willing to put his money where his mouth is, borrow to the hilt, buy insas and sell all inari shares to clear borrowings and make profit. Not is he willing to approach his boss on this clear "opportunity", use pt agro mas to buy over insas, take it private, sell all inari shares for double the profit and give a big gain to the boss.


>>>>>>
speakup

cash per share rm1.10
but share price 77.5sen
means the whole company is virtually free

Would you rather buy a car or the 3D picture of a car?
If you buy inari you get inari and all the rights that belong to inari.
If you buy insas all you get is a promise that the directors will do the right thing and give that share of inari to you.

But all you are really getting is insas selling inari shares to give you a measly dividend... and buying other stuff with it.

>>>>>>>

Sslee

Inari: 30-Jul-2021: Private Placement: 333,000,000: 3.100

So it is a strange world afterall where bankers invested RM 1,032 million for 333,000,000 inari share when they can just spend abt half that amount to get much much more.

Indeed very true.

And yet if you take a look at my portfolio and many other long term investor it is clear to see that when the market is panicking is the best time to buy stocks and put that margin into action.

Just look at March 2020 transaction record when I began buying big when everybody is panicking. Meanwhile people like purebull talking big when their trading accounts being hit by huge margin losses.

>>>>>

World # 1 hedgee, Ray Dalio's wise words,
be Defensive, then U can keep your MONEY.,.

As for me I don't even bother with trying to make money scamming people or showing off how many members I have in my chat group.

I prefer to just mention, every transaction I make has a time stamp in the comments which cannot be edited. By all means take out whatever zeros you need to make yourself feel good.

For me the zeroes are not as important as the dates and long term performance.

What I did during the panic of 2020, why I sold my entire share of topglove, why I bought pchem, why I didn't sell ql, when I added margin, everything is recorded in the daily transactions.

More importantly over the entire turbulent 4 years+ since I started tracking the portfolio, I have achieved CAGR returns year to date of 20.56% despite the big drop this year.

Meaning on average every year I increase my wealth by 20% on average. Can you claim the same over the same period?

Like you said, illiots look for zeros and numbers.

For people who are not interested in small things, the more important details is 20% compounded cagr over 4.6 years, with low volatility of held stocks, and consistent performance.

What do zeros matter when you have details to look at on a daily basis over 4 years?

Truly throw pearls before swine.

So called MU graduate that can't even understand the value of what I am presenting.

Pathetic.

Purebull, please stop with your mumbo jumbo. Getting very irritating, worse than cloud reader saying everything without saying nothing. In the end talk without performance, no results to show is the worst type of shaman, just full of scams. Black you are right. Red others are wrong. How to lose?

This is why only real investors like Warren buffet, Peter lunch and Charlie munger dare to show their portfolio holdings for the entire world to comment on. People know their results, know their thoughts behind the investments, and can calculate the long term results.

Failures hide behind names line purebull and don't even dare to show their portfolio results or manage larger sums of money professionally.

How much do you actually trade a year kid? Makes me wonder.

The way you talk and act purebull makes me wonder if you were even a universiti Malaya student, much less in your 60's. More importantly the way you articulate your thoughts and how emotional you speak, really makes me wonder if you can even be an effective trader or investor. In any case, please bring your mindless conversation elsewhere and not here in my personal portfolio page.

FYI, I also have a record of our conversation, which you have certainly forgotten. But I don't forget, and I store every tidbit of useful information when I invest, as you should when trading.

5 million rupiah? Please. Have you even traded that much in your entire life?

I3 does not allow me to post the link in the comment section. But if you scroll up to the very top and read the description of the portfolio page, you will find that I have posted the link to the telegram page 3 times.