As long as these two directors are whelming this company, I believe there is a good chance to pick up this counter at 22 cents or even 20 cents. Be patient.

Look like it the counter is cheap now. I queue to buy at very low price, get also OK, don't get also OK. Once bought, sell immediately as long as there is profit. All because I have no more respect for this counter.

Queue to buy at 24.5. Sell at 25 also untung adi.

Oop sorry. Yes, you did. Wrongly phased. Anyway, I still admire your timing of purchase.

Oop, I mistaken. But I saw your call to buy at new low price yesterday. Still you have my respect for that.

Negative comments came out again. Fair, in view of the dropping share price. I guess the best thing to do now it to forget about the Q report, the analyst research, the directors' share disposal syndrome etc, just treat it as a trading counter. Down you buy, up you sell, don't dream of keeping for long term, at least for now. Then it will be fine. Yistock is the best in trading in stock. He is really skillful.

taqies, is a very good info. can you tell me how can I search for the public spread of other counter.

Sudahkena, where did you get these promises ?

It would be damn stupid if the director Ngu repeat the same game. Anyway, As far as I am concerned, never never I will put my money on these two jokers' company. I have rather put my trust on Sumatec's H.A. Anyway, it is fun to see this counter being goreng but no more touching this counter.

There is no doubt the prices will rebound after it hit rock bottom. The question is whether this counter is worth for long term investment of merely a play play counter. So it is up to the wisdom of the individual.

Unlike H.A. of Sumatec, my guess is these directors are small time punters. Just pushing down the share price via news of directors share disposal, at the expense of their credibility. Later they may slowly collect back the share, but may not be aggressive enough to bring up the price significantly. Also, my guess is this company is not as profitable as it appear to be. Hence the directors resorted to short term gain. The new share holder which is the hope of the small investors may not materialize. Just my guess. Please not be offended if you think otherwise.

Also, what I gather from the Borneo Post interview instaco was considered overpriced, but after more than 10 successive days of price dropping, not sure it is still OK now. One thing for sure, the directors have no credibility.

Look like the truth is finally about to unfold. Reading between the lines from the borneo post, my guess is, just my guess, 3Q result so so, no surprise. No announcement of any new share holders.

The disappointing response in the borneo post by Annes has raised more doubt on her credibility. Selling ALL the warrants to cash out on the active market ? Being a CEO, what is her confidence in this company ? So the shares price is over valued ? She also mentioned that their shares were under moratorium before 8th Oct but I noticed Ngu started the disposal as early as 9th Sep. The one month difference is msiquote or intentional. No more faith in this counter. Today will drop further.

Interesting, something to learn about the potential risk of buying into counter arise from the RTO.

The accumulated profit after the 2nd quarter already 14.58m. So the profit guarantee of 15mil for 2013 can be achieved quite easily.

So it becomes more interesting. Can't wait to see the final episode.

By nature of their directors, the presumption on Sersol and Sumatec are they are 'play' counters. So the traders trade accordingly. But Instaco is entirely different, it is supposedly a growth counter, one of the 30 top pick in 2013 by the research house.

It is still too early to tell if the directors' share disposal action is for the company's benefit or merely to take care of their own pocket, but I guess the damage has been done for those investors who jumped into this counter base on analyst research, CEO interview and the q report. Just hope the directors are doing it with good faith.

In the first place why the RHB came out with another research paper ? All boiled down to directors selling aggressively.

Obviously they won't tell you the auditors were replaced as they have discovered some flaw in the operation/accounting practices. We will never know unless the auditors themselves can confirm. For me who have paid dearly to learn in this drama, certainly I have the reason to suspect every move they made. Unless in the final episode, they have demonstrated that they are doing this to enhance the company value.

Despite all the noises and the analyst adverse comments, the Instaco directors has been keeping exceptionally quiet. I suspect the q results could be explosive, together with announcement of new shareholder (assuming the directors have aggressively disposed of their share to some unknown parties). Otherwise, like somebody mentioned, they may have a problem to publish the q result (assuming this is the reason they changed the auditor).

Patiently waiting for the share to drift further south, then a strong rebound, couple with the announcement of respectable results and the emergence of a new share holder. This is the best scenario I can think of. Sit tight and just wait for the best moment to re-enter.

Based on 2012 annual report, top 30 share holder owns 611m share (88.75%), top four share holder who own 459m shares (65.4%), one director has reported disposal of half of his shares, small players share about 100m in the open market. But 226m were transacted over the period from 6/11 to 19/11. Does it mean some buaya is manipulating this counter ?

Angie, take note that the analyst commented the directors could not give satisfactory explanation when contacted, over their action to dispose share.

Now I wonder whether they have actually secured the jobs from 1M Utama SB or just some MOU. But this counter worth to focus on, very interesting.

Yee, it makes sense. It will definite invite more selling as soon as the RHB report appears in the newspaper. Let's play along if this is their strategy. Just watch up for the qtrly report or any new share holder emerges.

Why bother about the RHB report. This is no longer a fundamental stock, it is merely a casino stock. Still can trade as long as can make money. For long term keep, no thank you.

Por has provided a very interesting scenario. The 4 top share holders base on the 2012 annual reports are CHAN CHUCK YAN (21.79%), ANNE KUNG SOO CHING (14.52%), NGU SING HIENG (14.52%), WONG SAY KHIM (14.52%), Among them only Anne and Ngu are ED, the other office bearers, 1 chairman and 2 non-ED holding zero share.

For those who are very positive about this counter, the best scenario I can think of is the directors selling their holdings to parties associated Peh Mo. But why cant they execute it via a marriage deal in one transaction ?

Well, I just try to be rational. Yes, counter like Sumatec was goreng up and down, but you don't see the directors themselves get involved directly. This counter is different in the sense that the directors are dumping their holding so persistently and so openly (yes, not quietly). In fact, with the past good results, recent analyst recommendation and the proposal to move to the main market, this counter would not have done so badly if not by the single action of the directors openly and persistently disposing this share. I guess there are some investors still have big stomach to swallow more share at low price, hopefully they have some insider positive news only privy to them, that will augur well for all the instaco investor.

Is integrity as one of the judging criteria for the "Sarawak Entrepreneur of the Year Award" ? Never never throw you rmoney into the company which is run by a person without any integrity. Seem like got to wait patiently for few more days to ascertain whether this company has the directors who really take care of the investors or shameless person who merely care for their own pocket.

Their proposal to migrate to the main board is attractive. However, the integrity of the two directors are at stake. Look like their plan to move to main board also questionable.

It may be a good strategy to buy on fear and sell on greed. However, the fear is now being created not by the syndicate but by directors who run the company. That is why it is dreadful to be involved in this counter and this type of irresponsible directors.

Most investors bought into this counter base on its past good result and also the confidence on the directors to steer this counter to greater height. Now all the instaco investors are at the mercy of the two directors who quietly par down their holding on this counter. The question now is, other than treat it as a casino counter, does it worthwhile to invest into this counter who is run by the two irresponsible directors.

Oh no, the director dump the share again.

Fair enough if they need to collect back some money for their effort. However, if the coming result supposedly is good, then why do they sell now instead of one or two weeks later where they can get better price. Just my thought.

Actually has no issue with this counter. On paper this counter worth investing in. The problem is the directors themselves who actually running this company are causing the havoc, creating the uncertainty. End of the day, should we still have faith in them who will determine on the profitability of the company.

Don't worry. Very soon we will know the truth. Look like the next quarter result can either be very good or very bad. Just keep monitoring this counter.

If there is an arrangement for the director to sell so as to allow white hair to take up the stake, then why not one time off market deal. Instead this Ngu is selling it everyday bit by bit, which is detrimental to this counter.

If the other two directors are buying up the share supposedly sold by Anne and Ngu, then their stake would have increased and should be reported in the Bursa website. Right ?

I don't see any analyst recommendation on RA but this counter has analyst recommendation base on revenue and profit grow. This is supposed to be a fundamentally sound counter. Wonder the vastly increase revenue and profit reported in the past quarterly result is only a flash of the pan. This is why I disposed off all my holding but I am still very puzzle, can't wait to see the coming quarterly result.

Come to think about it, the change in auditor has anything to do with directors dumping share ?

Until now only one director sold his mother share albeit substantial volume. It would be an exodus among the investors if more than one directors disposing their mother shares. I am simply curious to see what is actually happening.

Yes, I did think that way too. But seeing these two directos throwing the share everyday, finally I also gave up on this counter. BTW, these two directors are kind today, there is no news of share dumping on bursa website until now.

Yes, it will rebound, when the directors has no more share to dump. By the way, how do you rate this company if the people who run this company has no faith in it. Possibly this counter has become a speculative counter, its result has no bearing on its price.

Hi friensship, I don't really quite agree with your assumption. Many of us bought this counter based on the strong quarterly result, director interview and analyst recommendation. They do not need to resort to such a low tactic to accumulate share. They just need to produce good result, the price will go up by itself, hence increase their gain. Unless.... the coming quarterly result will produce super good result and they want to own up all the share in the market to shiok sendiri.

Lloydlim, having read the reports and interview, I actually wanted to invest in this counter for long term in good faith. But look like got played out. Well, meanwhile I just need to wait for the next quarterly result before I decide on the next course of action. Nevertheless, my faith in this counter has vanished for sure.

Without any valid reason why the directors keep disposing their shares, even when the next quarterly result is to be out so soon, I guess the confidence of the investors on this counter is gone. Simple as that.

Having read the RHB research, check quarterly report, read Anne's interview. I thought I found a hidden gem. Jump in at 34 on 6th. Then discovered the directors dumping share daily, not only warrant but also mother. This has happened continuously for days, Everyday it keeps me suspend, everyday just hope for any clarification from whoever may concerned. Bu to no avail. Finally cannot tahan, I dump all today at 28.5 cent. Loss 17% in 8 trading days.
Bye Bye to Instacom !