Back again? You forgot NETX so fast? No more articles to promote NETX?

Post removed.Why?

You are right. Since this is a shareholder only forum( I apologize as I did not realize this fact), then I will stop posting.

>>>>>>>

Kctai3007 Philip

If I may ask, why are you in the forum if you are not a shareholder?
17/04/2020 10:08 PM

Doing those actions back then which hurt the company gave me many red signals which made me decide this company and management was not the company for me.

The local investing world from EPF, to kwsp, to majority of private funds and mutual funds found the same bells ringing and decided to stay away as well.

And so we stand today.

Luck? Greed? Insight? All I know is to find companies that treat shareholders as if they were partners in the same journey.

Those who have different standards and act differently to minority shareholders needs should be avoided at all costs.

But Leno does have a point. The RPS payout which carries a coupon rate of 4 cent per share pa and redeemable over 5 years at rm1, which dropped to 80 cents at one point (5% Dy) an d sweetened with 2 free warrants.

A wonderful deal. 4 cents dividend with 2 free warrants kicked in( priced at 25 cents each), a wonderful way of getting free money out of INSAS. And if any problems occur I would be paid first before shareholders, holding preferred shares.

With these conditions and a lot of patience, I myself would have been enticed with a virtual 10% dividend ( buy rm1 sell warrants for 50 cents collect yearly dividend),

Except for the fact that they didn't need to do the RPS when they had ample money, didn't need to dilute share with warrants when they had ample cash, and didn't to buy vigcash, and other startups with that money.

The fact of the matter is: everyone wants to be a contrarian. The guy who picks the stocks no one wants, and it turns into a gem and they can say wow I am brilliant. I am the man!

But investing is not a game and it is not about pride. It is about picking stocks very carefully.

There is a reason why everyone respects the successful contrarian. It is because there are so few of them. Most of the time, when someone picks a bad stock, it never materializes into a gem, and they end up losing their shirt.

In the edge of the internet, finding arbitrage opportunities is like finding water in the desert.

Most of the time, stocks remain undervalued for a reason.

Let me tell you a true story. This is a story about a bitter, sad man who thought he was a brilliant investor and found a wise teacher. He decided to follow archaic thinking and simpleminded accounting methods without understanding the business and real life economics:

https://klse.i3investor.com/blogs/koonyewyinblog/2015-12-30-story88909-Why_Am_I_Buying_Xingquan_Koon_Yew_Yin.jsp

https://klse.i3investor.com/blogs/koonyewyinblog/2017-09-05-story131574-Is_Xingquan_a_Good_Bet_Koon_Yew_Yin.jsp


LIST OF TOP 30 HOLDERS OF XINGUAN AS AT 30 SEPTEMBER 2016 No. Name Holdings %

13 LEE SOON SHENG 3,160,000 0.65

It's amazing to see that in 2016, sslee has spent rm2 million investing in xingquan, using exactly the same method of investment, cigar butt investing. Buy high NTA companies for a song. He has definitely lost a huge part of the wealth that he worked so hard for, believing that Bursa works the same way as NYSE. His bitterness and pride and ego, has caused him to invest the balance of his hard work into INSAS, with very little to show for it through the years.

High nta, low roe.

This is a true story. Learn from the mistakes of others ( including myself), and understand the difference between luck and Prudence, hard work and simplemindedness, Pride versus confidence.

Then you will start to learn how to invest as if you can only buy 10 stocks through your life.

>>>>>>>>>

People can tell beautiful story but the quantitative figure cannot lies:
Tell me is picking a winner: a science, an art, a skill, pure luck or act of god?
And why all IR analyst and EPF support QL at PE50? What is QL competitor CP Thailand PE?

https://klse.i3investor.com/servlets/stk/fin/4006.jsp?type=last10fy
Pity Orient with good dividend but
31/12/2012. EPS 32.34 cents, DPS: 8 cents, Price: RM8.70, PE: 26.9, Net worth: RM 4,596,655,000
31/12/2019. EPS 56.50cents, DPS: 40 cents, Price: RM 6.55, PE: 11.59 Net worth: RM 6,666,968,000

Kctai3007, let me put it this way.

Imagine if INSAS was an investment holding company similar to Berkshire and it has just bought over Nebraska furniture Mart and See's candy. What you are asking for is for them to sell it give away their profit center or dividends, and give it to you. Why?

Their business model is supposed to be to use cash generated from dividends and business earnings to buy more businesses or stocks that generate earnings for them to grow further.

That is their business model. They are not a factory or manufacturing where they can sell assets to give out as dividends to shareholders.

What you are asking for is akin to asking a bank to give away their money which they use for business and give it to shareholders. That's silly.

Your job is not to ask for such things. As an investor, your job to is to analyze their ability to take dividend and shares sales from INARI and use it to buy shares and businesses that go up and generate earnings over time.

If you think they are doing a good job in using equity to generate a bigger return, then invest in INSAS. If they are not doing a good job in managing capital efficiently, then don't invest in INSAS. That is the guaranteed way of being a long term investor in Bursa.

And if you noticed why the share price has not been doing well for the last 5 years? The answer that becomes crystal clear. If you were a money manager, fund manager etc managing 1.7 billion in assets, how much bacon should you be bringing home? If you can only generate 80 million per year on 1.7 billion assets(4.7%), you might as well put money in epf(6.3%), buy government bonds, buy yinson debt(7.85% perpetual) and get better returns.

That is how you should go about thinking about investing. Think of it like buying a business, not pieces of paper.

Theoretical? I beg to differ.


https://klse.i3investor.com/servlets/pfs/120720.jsp

I have held QL for the last 11 years, topglove for the last 10, YINSON for the last 8. So I believe it is not a theory, but a fact of life?

May I ask? How long have you been investing in Bursa market?

Not an insulting question, but just to know your investing length so I can understand better.
>>>>>>>>>

Kctai3007 Philip and Leno

What you both say is correct but theoretical

Insas has been doing all this especially in the last few years (when inari grew from nothing into a huge company) but Mr Market didn’t want to know

So how?
17/04/2020 10:59 AM

Wow, I finally respect Leno. He is far far far wiser than sslee.

Right attitude.

That is how one should go about investing in a company, instead of all the misguided dividends, corporate raidership, share dilution and warrants etc.

One should treat investing like getting married and concentrate on growing the company. And not thinking of short term benefits and short term goals.

The goal is always how to increase revenues and earnings for the company. If this is done well, the share price will follow suit.

We shall revisit and compare again every year to see be total results, based on factual returns, and compare that to beautiful articles.

>>>>>>>>

As for NYSE, sure thing. But let's stick to NYSE companies.

RACE 154.30 ( your pe50 company)
STONECO 22.94 (PE 42 company)

That's why you should add the same value shares of QL as to scientex on your portfolio tracking.

Don't forget Ferrari and stoneco as comparison.

https://klse.i3investor.com/servlets/pfs/120720.jsp

>>>>>>>>

My trackable portfolio as comparison.

You should add it in yours, so can see the start date and end date and compare directly.

On second thought, this maybe a good exercise to train company kids.

Ok why don't you start a trackable portfolio this time on your user id. Let's teach you to be responsible for all your posts for once.

Why don't you start today( 10 years you say?):

Create a trackable portfolio( not watchlists), add in dividends and warrants, sell after announcement and reinvest back.

Scientex 7.85( your pe10 company) including dividends
QL resources 8.12 (PE 50 company) including dividends

As for NYSE, sure thing. But let's stick to NYSE companies.

RACE 154.30 ( your pe50 company)
STONECO 22.94 (PE 42 company)

these are also stocks that I hold so it should be fair, right?

In any case, I will leave it up to you to start a trackable portfolio, whether on your musingzebra blog, or in your i3 account.

But for once in your life, be responsible for your words.

Since I know you definitey wont be around, I'll pass kid. Your investment thesis has already been proven wrong.

"Oh right, again as if an overvalued QL needs to drop in tandem when the market drops 30%. And if it doesn't, it shows that it isn't overvalued, what kind of logic is that?"

Do you even understand what you are talking about? When the entire world is fleeing equity markets, a PE 50 company like QL which is "overvalued" doesn't drop? But it is still overvalued? So what does overvalue mean to you? Expensive? When entire world become cheap, then shouldn't QL drop as well? Well yes of course it did. It dropped from 8.60, to 6.90(24% drop) , but subsequently recovered back to 8.17. Why? Why would a pe50 recover? Because many investors including myself see value in an 11 billion company, academics like you.

Operating cash flow

Gdex: 13 million, capex 6 million, fcf 7 million
Star : 100 million, capex 13 million, fcf 87 million

The difference between a STAR MEDIA GROUP and a GDEX:

Star
15-Apr-2020 15-Apr-2020 Buyback 2,380,500 0.270
14-Apr-2020 14-Apr-2020 Buyback 942,400 0.265 0.265
13-Apr-2020 13-Apr-2020 Buyback 765,600 0.260 0.260
10-Apr-2020 10-Apr-2020 Buyback 800,000 0.260 0.280

Gdex
13-Mar-2020 13-Mar-2020 Buyback 961,400 0.150 0.160
10-Mar-2020 10-Mar-2020 Buyback 334,900 0.175 0.185
02-Mar-2020 02-Mar-2020 Buyback 600,000 0.195 0.200
28-Feb-2020 02-Mar-2020 Buyback 1,100,000 0.195
28-Feb-2020 28-Feb-2020 Buyback 500,000 0.205 0.210
21-Feb-2020 21-Feb-2020 Buyback 1,000,000 0.240
21-Feb-2020 21-Feb-2020 Buyback 1,000,000 0.240
10-Feb-2020 13-Mar-2020 Buyback 1,296,300 0.150
21-Jan-2020 21-Jan-2020 Buyback 500,000 0.280 0.280
20-Jan-2020 21-Jan-2020 Buyback 800,000 0.280 0.280
20-Jan-2020 20-Jan-2020 Buyback 300,000 0.280 0.280

Looks like gdex is better right? But why was star sbb far more successful?
They know when to buy back shares and can buy back in numbers. More importantly:

Star nosh 737,876 million shares
Gdex nosh 5,371,218 million shares

Star cash myr380 million
Gdex cash myr260 million

Hi i3lurker little kid,

This is the difference between GDEX and a STAR, faham? Really hard to go bankrupt when you can buy back shares. This is considered growth also, when you use outstanding cash to reduce outstanding shares in the market.

>>>>>>>>>

15-Apr-2020 15-Apr-2020 Buyback 2,380,500 0.270 0.270 View Detail
14-Apr-2020 14-Apr-2020 Buyback 942,400 0.265 0.265 View Detail
13-Apr-2020 13-Apr-2020 Buyback 765,600 0.260 0.260 View Detail
10-Apr-2020 10-Apr-2020 Buyback 800,000 0.260 0.280

Kctai3007, you seem to be a looking for dividends and value. Mary I introduce you to boon siew? Very good returns and high cash, zero debt and good value. Just sell all your INSAS and put all in Oriental holdings. They sell all the Honda and mitsubishi bikes, which have a stranglehold in Malaysia and good sales abroad. A wonderful company now giving you 7+ % dividends, the majority owner has 67% ownership and is very shareholder friendly. Good wonderful economy resistant company with wonderful earnings every quarter.

This crisis has provided you and opportunity to buy these companies at 10 year lows. With blood on the street, it is times like this that allow you to buy wonderful companies at drop down prices.

I can guarantee you in the next 3-6 years, you will be far happen investing in old boon siew than in INSAS.

They do almost everything that INSAS does, except they are far more successful in their ventures into healthcare, hotel, transportation, investment holding, plantations, and motor bikes. They have a wonderful history of earnings and revenues growth, and buying Oriental holdings today you will get high dividends, and a guarantee rerating of their stocks prices, as they will come out of this crisis far faster and easier than a company like INSAS.

Warren Buffett evolved his investing methods after he met Charlie munger. He no longer bought cigar butt companies selling below liquidation prices. Instead he realized that paying fair price for wonderful companies would give him a far better return in the long run.

Don't be afraid to sell bad stocks at a loss. You can earn it back by investing in good ones. You just have to throw away the ego, admit your mistakes, learn from it and move on. Holding on to value traps is just stupid in the long term.

Good luck.

And stop listening to talking cats, too much catshit. You know it. I know it.

Wow little kid trying to talk about his beliefs, but never bought a single stock in his life or have any returns. Maybe he will short serba.

So pandai, this little kids these days.

Talk so pro, I'm impressed

>>>>>>>

Posted by i3lurker > Apr 16, 2020 7:06 PM | Report Abuse

Aminvest says need RM700 million working capital for the construction project thats why give a TP of only RM1.05 per share.
Doubts whether can get financing during these covid-19 times.

I believe once project hiccups it will be very damaging, most probably result in only price of 45 sen per share.

What new announcement sideincomer?

Ok.

>>>>>>>>>

Posted by Sslee > Apr 16, 2020 5:45 PM | Report Abuse

Haha i3lurker,
I also stop here, since it is too advanced for Philip to understand

Taking credit for other people hard work is shameful.

>>>>>>>

Posted by Sslee > Apr 16, 2020 5:18 PM | Report Abuse

Haha i3lurker,
It already proven when I sell Gkent and Pchem both Gkent and Pchem start to move north. So next time I can hold Philip to ransom to pay me for selling the 1 lot shares I hold so that his millions worth of shares only can move north.

OK.


>>>>>>>>

Posted by i3lurker > Apr 16, 2020 4:25 PM | Report Abuse

I think I better stop giving out free MBA lessons to all and sundry

:)

especially since it is too advanced for them to understand.

I stop here.

https://en.wikipedia.org/wiki/Price_of_oil

You should start donating to Wikipedia before it closes down.

>>>>>>>

Posted by qq44 > Apr 16, 2020 3:15 PM | Report Abuse

USD 5 production cost pluck from air figure?

Teaching kids geography lessons.

The project is in Abu Dhabi, which is in UAE. Don't know how what uae stands for? Go Google it up.

This project is not in Qatar but in Abu Dhabi, the richest oil in town, where their production costs around usd5 per barrel of oil. Arabs have tons of cash to invest in building a tech company in Abu Dhabi.

Why do you seem to think the project is being built in Qatar?


>>>>>>>>>>

Posted by i3lurker > Apr 16, 2020 2:34 PM | Report Abuse

Qatar property market is down.
With oil down.
Embargo/boycott/spate/spiff whatever you call it. It's just war.
With this "war" in place foreigners avoid it as the borders/airport can be locked down anytime.
Qatar funds Hamas so this fact is a limiting factor.

Funds will be limited.
Opening up the property market did not help

Still huge glut.

Foreiners dun wanna stay in middle east especially Qatar any more

Posted by apple168 > Apr 16, 2020 2:25 PM | Report Abuse
Single largest scandal for serba/ Karim....

For the current moment, any earnings or results is not reflected yet. There is definitely a demand and Abu Dhabi definitely has the purchasing power to get this project off the ground.

On the other hand there are 3 listed companies with access to capital markets too generate debt to build the project, as well as bursa to issue private placements logically to do the project, as well as the backup of liwa group which is very established in Abu Dhabi with capability and ample cash.

There is definitely risk involved as I have no experience in the demand for hotels and apartments in Abu Dhabi, but it is offset with the technology campus, innovation hub and academic campus which serbadk does have a lot of experience in.

In fact, they run a lot of training courses in o&m for petronas subcontractor, and they recently bought IT firm in India as well as a few education centers, so I think once completed they will have the capability to run those centers instead of looking for more investors.

Other than that, my information is fuzzy. I will have to monitor and look closely quarterly.

>>>>>>>

Posted by tlchiat > Apr 16, 2020 1:53 PM | Report Abuse

BLOCK 7 INVESTMENTS is 100% owned by EFIRE Capital Holdings Limited. EFIRE Capital Holdings Limited is a joint venture of Liwa Investment Holding of Abu Dhabi and Serba Dinamik Holdings Limited of Malaysia with a built up capital of USD 10 million.Contract was awarded from BLOCK 7 Investments to Serba Dinamik.

https://efirecapital.com/about-efire-capital/

The owner and contractor is Serba Dinamik. Where is Serba Dinamik going to get all the funds from? Serba is now a real estate developer and contractor.

On the other hand, i see the synergy between Serba Dinamik IT and the development. Serba IT has a range of interesting products. Was impressed with the range of IT products.
https://serbaitsolutions.com/

Phillip, what do you think?

Really? You want me to copy paste your boasting for you to see?

>>>>>>>

stockraider It is short term mah....I remember your QL underperform against Insas until the end of 2019 but i did not boast like u mah...!!

This is why we should invest in INSAS instead of "lousy" companies like serba which don't know how to compete with China mainland contractors.

What will I do with my investment in serbadk and the warrants?

Should I sell it after gaining 70% and invest in INSAS instead?

Maybe sslee can elucidate using his long term investment returns in INSAS...

>>>>>>>>>

Posted by Sslee > Apr 16, 2020 10:15 AM | Report Abuse

Dear Philip,
This is my honest opinion.
Many Malaysia companies had tried taking on huge loans to take on oversea projects and many had failed.

So my question can any Malaysia companies compete with Chinese in term of price to price, speed to speed and in government support.

Many China oversea projects, in term of raw materials, equipment, manpower and finance are heavily supported by Mainland China thus they can complete the project in super fast time with after services China engineers running and maintenance the newly complete project for you.

Can any Malaysia companies have these capabilities to compete with Mainland China companies?

Better listen to sslee, he knows what he is talking about.

His INSAS perform far better than serbadk since IPO 3 years ago. And he say serbadk full of debt and all the business in Qatar and Holland company cannot complete with China mainland contractors etc.

Another academic. But talk like expert in serba dinamik long term prospects.

Wait for his next book.

>>>>>>

Sslee If project given to Scib then no hope of completion but if sub to super fast china contruction company then complete ahead of time.
Make your choice.
16/04/2020 10:34 AM

Imaginary stocks again by imaginary investor.

Grow up kid.

>>>>>>>

i3lurker no need talk much
If you buy powerfully, people will follow you to buy.

I just tried this trick few seconds ago on another counter.
16/04/2020 10:53 AM

Raider, my results and record of buying and selling is up there for you to look through. Rocksteady QL, Topglov and yinson give me collateral to do margin buying to buy serba dinamik, gkent, and buyback pchem at super low prices. You can see when I buy and when I sell. Do you really think your results and my results can even compare?

Don't forget, in a few more months you will have to eat humble pie and treat me Bak kut teh.

>>>>>

i3lurker top up at 5.20 and today dropped again to 4.40, loss 60 sens or RM346,000.00 in just 1 day
09/03/2020 7:37 PM

Thanks Evan. But I noticed that one of the co founders and owners of the company block 7 investments is Karim himself. So who will be paying for the 1.78b to construct the project in Abu Dhabi? Who will be the real paymaster? Or is the project funded by serba themselves?

Anyone have any details on who is the parent of block 7 investments llc? It was an inactive company a few months ago, suddenly award 1.78 billion USD to build center to serba. Where is the money coming from?

It is time to do the same to fake investors who can't even about what stocks they are holding and what they're returns have been.

Really no point beating up people who are already below you.


>>>>>>>>>

i3lurker otb

I stopped beating up Calvin and Stockraider and weakcow
they sound more shrill and more desperate every passing day

no point in beating up people who are already below you.

its like a big 20 ton lorry bully a kancil
05/03/2020 12:27 AM

Ok goodbye troll.

Another nice theory with by kcchongz but whose real world results totally different from his estimates.

His results on perstima? Share price drop by half from his estimates in 2017, uchitec? Scientex is the only exception, only because it ventured successfully into property development.
Padini? What is the total 3 year san nien concept earnings using dividends? For his favorite stocks?

>>>>>>>>

kcchongnz Good article to read for most people here. However, this statement here from you puzzles me,

""what is the sacrifice of shareholder value? Anytime a company takes on more outside debt to grow its revenues and earnings, the shareholder value is damaged. Anytime a company dilutes shares to buy companies or gives out dividend, it dilutes shareholder value. (trust me this happens every single time, a company that gives out high dividends usually end up in a bad position)""

Especially the last one.

1) Taking more outside debt sacrifice shareholder value? If return from borrowings great than the costs, it can't be right. This I believe is a typing error from you.

2) A company gives out high dividend usually end up in bad position? A bad position because share price drops? Are we talking about just capital gain, or dividend return is just unimportant and not part of the total return?

I have written a few articles on stocks on high dividends; Padini, Sciientex, Perstima, Uchitech in the links below,

https://klse.i3investor.com/blogs/kcchongnz/62058.jsp
https://klse.i3investor.com/blogs/kcchongnz/128386.jsp

Uchitech in the first link has been a multi-bagger after considering all the dividends and bonus shares although its growth is not worth mentioned about.

In the second link, the total price appreciation is still 60% after 2 years, while the broad market is down by 1.6%, after taking into considerations of dividends.

I have written about many stocks of high dividend yield, and on the whole, they outperform the broad market by a wide margin too.

Most of these companies still grow, but they just need a small portion of its profit to grow because of their high return on capitals, and the rest return to shareholders, to do what they like.
19/04/2019 1:42 PM

I think you are qualified to write a children's book. Or fantasy maybe. Non-fiction is definitely not your forte.

Remember your comments on overpriced QL? And how the entire market dropped by 30% or more? What happened to QL prices then? Rock steady.

And you with your comments and thesis and ideas and strategies on QL? You would have been in hot soup during this period..

While high 50PE investments in ql(food), yinson( o&g) and topglov(manufacturing) remain far above last year prices, allowing collateral for margin to be used to purchase discount stocks at wonderful prices (pchem at 4.09. gkent at 46 cents, serbadk at 1.15).

You never who had been swimming naked until the tide runs out.

I believe you can trust sslee remarks, as it is his biggest stock component. Based on his buying history, sslee has held Insas for the last 3 years, so I'm sure he knows what he is talking about. I believe investors should always start their own trackable portfolio and monitor it over a longer period.

But personally, if you believe that Insas is cheap at 90 cents, at 57 cents it is beyond cheap( sslee has spoken many times that at 50 cents shorted by i3lurker he will take up margin sell father mother and buy every bit of share possible in INSAS).

As you can see from my own buying on margin, my biggest purchases were last month in March, and it has given me good results.

I believe sslee has also benefited buying in the short term Insas at 35 cents.

The trick now is to see what happens in the long term.

That can only come from revenue and earnings increase.


>>>>>>>>>

https://klse.i3investor.com/servlets/pfs/137236.jsp

Kctai3007, I think you will have realized by now that bursa laws and market is a very different animal indeed compared to NYSE or other exchanges. If you come in assuming that the market is the same, companies accounting and management are stringently managed and fairly audited, you will be in for a rude surprise.

I have been investing for more than 20 years and have written a few articles on my bitter experience buying on just accounting and annual reports only, without looking at the whole picture and real world input.

I sincerely hope you do well in your investment in INSAS and that sslee is true In that with no share dilution, clarity after the warrant lapse, many things will start moving for INSAS.

Patience is the key to investment.

Good luck, and continue to keep learning new things everyday. I was on your exact same path before.

https://klse.i3investor.com/m/blog/phillipinvesting/2019-01-04-story188844-How_to_invest_for_the_long_game_without_losing_your_shoes.jsp

Luckily I was young when I made my mistakes, and was able to learn from it and improve on it.

Today I have a nice retirement portfolio setup( with family, friends and some healthy margin from banks taken up during covid 19)

https://klse.i3investor.com/servlets/pfs/120720.jsp

Hi kid,

I3 investing started in 2010.
20 years ago, I was still surfing internet using altavista and having a rocketmail account. I don't think you were even born yet at that time.

Your level of lies confuses even your own self.

>>>>>>>>>>

We have known Leno for umpteen years, until I cannot even remember how many years.
Now that I think back it is 15 to 20 years or maybe more.
I dun keep track of such things coz not a kpc on other people.

Your opinion is valid, but still you are thinking like corporate raider.

Minority shareholders like us should never buy a company expecting break it into parts.

If we are doing investing as a minority investor, all we can do is participate in the growth of a company.

You are right in that markets can stay inefficient longer than you can stay solvent. So you HAVE to be very very careful in what stocks you pick and how you buy them.

"Insas is valued at say 10 sen, everyone is better off because they will have got almost 1 inari share per Insas share" - the company is not better off, and neither are long term investors in INSAS.

Fyi, I am interested in what else if INSAS is still very valuable by your standards, if you value Insas at 10 cents, or 65 million in market cap.

>>>>>>>>>

Kctai3007 Philip

Thank you - your points are noted.

It is precisely because Insas is a company with assets that it should distribute its inari shares, because Mr Market is not giving Insas due credit (he is completely discounting the value that inari brings to Insas)

It will be very difficult to change Mr Market’s mind, and I think it would be better for Insas to go it alone without
Inari. Even if ex-inari, Insas is valued at say 10 sen, everyone is better off because they will have got almost 1 inari share per Insas share

Don’t forget, the book NTA of Insas ex- inari will still be in excess of RM2, and the new challenge of the Insas board will be be bridge the gap between the adjusted market price (10 sen) and the >RM2 NTA

Otherwise, it will always be (inadequately) valued by its inari stake and nothing else, which is a shame as the rest of Insas is still very valuable
16/04/2020 7:15 AM

Bye troll, lucky for you this year no upsr or pt3. Otherwise you have to repeat a year.
Please stick to investments, no one is even remotely interested in your purchasing history, or even your existence.

>>>>>>

i3lurker
Philip's comments are mostly lies.
He makes wild accusations against all and sundry, all from his imagination.

Hi kctai3007,
Firstly, my advice is to ignore Leno. She is a troll who doesn't make sense and keep talking bullshit. She has bought and sold INSAS many times in the last few years, making a profit or not I have no idea, but definitely not a long term holder of INSAS.

For the second item, what is the benefit to INSAS the company to distribute shares in inari in this way. You already know that it's biggest earnings come from dividends generated from inari payout, and also the share sales of inari.

If they were to distribute shares of inari in this way, you would sell everything, dump INSAS and go along your merry way. What is the benefit to company for doing that?

The goal of ANY business is to generate more revenue and earnings, reduce more debt than last year. By selling inari( giving away), the company would lose a huge shorter of earnings, that can be reinvested. Why?

Personally, if I was a company director would you cut off your arm to give away to traders and speculators who will leave you immediately when times are bad.

That is a big reason why Berkshire does not give out dividends.

1. They can compound earnings better than you.
2. They don't want short term investors.

The only reason why you would still be holding on to your INSAS shares is because you are definitely holding it at a loss. You are not interested in buying more in a wonderful company, because you know Insas is not a wonderful company. Just an average company with assets. Your plan of earning money within 6 months has turned into a forced long term "investment" because you are losing money on your stocks.

If you want to do short term investing, the learn how to cut loss. If you want to do value investing, then you need to know how to buy consistently during discount day sales.

But one thing you need to understand, INSAS is not a wonderful company, never was. It is an average company with ASSETS. That is all. You need to know what type of company you are buying.

>>>>>>>>>>

Kctai3007 Philip

I wish to return to the inari issue

You talk about dumping the inari shares in the market but I am talking about distributing them as in-specie dividends to the Insas shareholders, some of whom may wish to retain the inari shares (especially DSThong who will get one third thereof or over 6% of inari)

Even if say half of the 19% are sold, the market will be able to absorb

Furthermore, Insas need not distribute them at one go, and can do so gradually
15/04/2020 10:13 AM

Honesty is expensive, so don't expect it from cheap people.

RIP i3lurker, big liar who buys 100k of things from Lazada.

So meaning still another useless troll, so when gdex doesn't perform he says oh I never bought said it was a good company, I just recommend a stock to tip. I don't buy stocks. I know nothing about investing but have 3000 investing postings on a financial forum.

What a waste of time.

Ok another idiot to ignore who gives investing recommendations but without any investing capability.

Only in Malaysia forums you see so many of these Jokers around.

So irresponsible.

Then what are you doing here? Cannot talk bullshit crap elsewhere? Your own blogs and investment section not popular?

Gdex 0.2
Star 0.26.

I am just wondering at idiots who say any stock they pick is 1000x times better than star, and they can be a better ceo than anybody at Star.

Frankly I also don't give a damn on trolls except that now I can finally judge your quality of investment with a stock pick like gdex based on.... "Growth".

Looks like you are a really a simple child.

>>>>>>>>

Posted by i3lurker > Apr 15, 2020 7:15 PM | Report Abuse

I live my life, whether Philip buys or sells does not affect me.

Will Philip give me any money?

Frankly I dun give a damn.

The epcc contract is finally announced, I had received some need soon this previously from my o&g friends regarding this award which led to me piling the trigger on my recent purchase into serbadk. The issue now is to understand the profit margins and serbadk capability and scooper of work.

Will they end up like a sendai quoting low prices to grab orders, or will the turnover and results be enough to give a healthy profit to the company?

Time to monitor and follow up.

>>>>>>>>

https://www.theedgemarkets.com/article/serba-dinamik-bags-rm771b-contract-abu-dhabi-project