As long as share price goes up and down then yes if you do that well can make good money. I sold a lot at 1.30 so it is the plan for me too

Thong and board do not care about share price or shareholders

That’s the point, Insas will never go bust , directors will be paid bags of cash for making bad by investments. Shareholders will never see cash return . Been the same for 20 years

Insas is not a good investment company. It has lost a fortune on most of its investments .

Insas will reach 0.8 unless thong and board release shareholder cash.

US chip makers dropped heavily on Friday, inari will drop a lot on Monday .

Microlink now at all time low as well. Thong is incompetent, even fellow board members of companies don’t like him and it creates many issues within companies when you get divisive boards. Microlink forced to appoint thong son in exchange for funding as they are broke. The largest part of microlink debt raise if to keep the company from going bust. If you read the reason allegedly for the cash it is to build digital banking and AI … what absolute rubbish and even if tries shows how misguided the board are to waste cash competing in mature markets or one where they have no chance to compete. Thing has already written the insas board minutes before the board meeting to approve the rm90 million microlink need to delay going bankrupt. That could have been a 15 cent dividend to shareholders ??

Buying queue is very light so if below 1 can easily hit 95-97 by end of today.

Inari down nearly 5% , thong and board are terrible investors and even worse at running a listed company. 90 cents first drop then not sure how low it will go again.

Also when as an investment company investments do not go well you pull out and do not waste shareholder funds trying to make bad investments look good or last longer before they go bust.. hohup, microlink , Omesti , dgsb etc. that is why thong is incompetent and the board just taking shareholder cash as payments and do nothing . If the US market does a turn for the worse inari will drop heavily and insas will go way below 90 cents. The shares Thong has sold since his son was appointed to the microlink board are most likely a thank you for appointing his son and insas will take up there debt placement even though they are a doomed company

Insas is supposed to be an investment company. When you make good profits on your investments you sell and return capital to shareholders. When inari was over rm4 other major shareholders all sold and returned profits. Thong was the only one that did not , share then plummeted and insas shareholders lost out my guess over a billion cash .

I think next few days Insas below 1 then will drop to 90 quickly . Already 1.01 today.

I think it will be back to 90 cents in next 4-6 weeks. It is solely due to incompetence from thong and board but that will not change.

You are brave, in reflection I think the share will sink back to 85-90 based on thong and the boards usual uselessness.

Thong and board want worse share price possible to make there dividend look better and board own no shares so don’t care. Insas going back to 85 cents … then time to collect and wait 5 years or when thong no longer around then company can be asset stripped and closed

All big holdings except inari on deep trouble due to thong’s terrible management and investment plan. The board of insas should be fired !! Omesti drop to near junk status with hohup and microlink 52 week if not years low. Also what is worth no cash so will come to thong and he will use insas cash so he does not have to admit he is useless !!

@sslee great attempt. I am getting some additional help to really lift the profile of this issue … it is going to cost me but worth it !

@sslee I think we can get 2.5%, I have started accumulating again. Also if they call an egm can we also push for this then ?

Should do this to insas board !!! https://www.thestar.com.my/business/business-news/2024/03/30/narrowing-the-gap-between-share-price-and-fair-value

Thong investments such failures and even more lend them money as well. In everyone’s ratios and values the one things everyone forget is free cash. None of these companies have much cash and that is what will kill them. I eating dumping microlink shares at a loss as has no cash, microlink also limited cash, Ho hop in even worse situation.. cash is king . So thong will waste more insas cash

Inari now worth over rm12 billion

If thong offered 2.20 a share it would get approved. Seen companies sell for worse discount. For that amount insas has cash to easily do it .

Also people use insas forum to pump shares they bought

Forum active here but mostly useless comments

Unfortunately insas boss Thong who controls board does not care.
Inari going up as US economy doing ok and rate cuts coming. Insas could sell all shares and return money to shareholders ! Will never happen as board are useless and follow only what thong says . Also thong owns a lot more than declared of insas so that’s why no shark.. even shark will get trapped

Insas will keep dropping. Everyone who bought when it went to 1.31 cutting losses and dumping shares. Can buy back soon at 0.85… each week though Thong will hate the edge as will publicly see how bad share price is …

Why everyone obsessed with Jaks discussion on insas board. Why don’t you talk there on jaks board !

Why not complain @sslee , you seem to always support insas board and thong but also lose confidence and sell shares.

Share buyback also a Thong/Board con to try and make shareholders get excited when they know they will not do it. If they buyback and keep in treasury then will not effect shareholder % , only if they cancel shares does it effect. 30 million shares in treasury already.

Insas will have to write off all debts from hohup, Omesti and microlink. Share still dropping and no cash. All Thong and board screw up. They have no idea how to invest!! Just give shareholders back cash then waste your own money!!!!

@sslee , only is ok if company does lot go bankrupt. Hohup, omesti and microlink all not in good place. If you had confidence in management you would be a large shareholder still, it seems you already lost confidence hence you sold and I am sure made a good profit but still shows you don’t think insas share worth holding

Like hohup , omesti and other thong investments there are all out of cash. Microlink has no money to pay its debts and this will just get worse

Insas Board do not let Thong tell you you do this !!!! We will never see the money back. Microlink is not in a good financial place…. Microlink Solutions Bhd plans to raise up to RM89.37 million via a rights issue of redeemable preference shares (RPS) with detachable warrants to repay its bank borrowings and finance working capital. The issue will offer up to 89.37 million redeemable preference shares (RPS) at RM1 each, with 268.1 million free detachable warrants, on a basis of one RPS and three warrants for every 12 existing shares. The tenure of the RPS is five years and it has a dividend rate of 6% per annum based on the issue price. Microlink plans RM89 mil rights issue to finance debt repayment, working capital

Unfortunately Thong reputation ruined! Rumour he is the issue on the board and cause major shareholders to not agree. Hohup, Omesti and microlink all failing and he Apparantly is the centre. He even force his son on the board upsetting both Omesti and Microlink board. But he did not care and say his (insas) cash controls so they have no choice… all like how he runs Insas !

Can you both share email and get off this board. You are ruining it for others!!!

Omesti down 32% as well now. Thong and Board have no clue what they are doing. Just wasting shareholder money

Omesti a basket case, it’s investment in microlink also useless and hohup. Thong and current board all responsible. Thong even sits on the boards ! He recently ran away from hohup. All about to be worthless! Incompetent board insas has and independent directors even more so as they are suppose to not be simple yes men who take cash thrown and them and look the other way…

Microlink limit down! Another crap Thong investment!! He will waste all the money in the bank and not give it to shareholders!!

Insas uncle counter that does not know what it is …

Thong will never buy, he is too tight and measly. Who bother when you have a board who don’t care about shareholders and do anything you say and just take the cash !!

Thing resign so he cannot be held accountable by shareholder. He show his true colours and wants to hide and not face shareholder. He resign from Hohup to avoid being director when it go bust, instead of representing insas disasterous invest he also run. Omesti next he will run as well. He appoint his useless son to microlink and not to insas also so he cannot be asked why thong senior so terrible at investment and returning funds to shareholders. You ask anyone who insas ceo is they still think thong, current ceo just there as puppet and is useless for shareholders.

@sslee yes thanks for that mention, made a very good profit on that. Exited just now :-)

@sslee issue is the thong and current board think they know everything when they have failed at most. The only reason share price went up was market though thong and useless board being kicked out but phantom raider… just give shareholders special dividend then do what ever they want as they will just waste all the cash otherwise. Luckily sold down as insas for one week only reached its decades old ipo price. It will keep sliding back to 80-90 .

Board and Thing want low share price, will never use buy back, let share plummet so crap dividend looks better and excuse for them whilst they take shareholder cash out back door… hohup results out terrible , going bust. Omesti also terrible. Thong was lucky with inari , he will waste all the cash in the bank as has no idea how to invest. Buy more shop lot get 3% return he thinks great investment.

@sslee very different from being told what to do. Also shows independent directors are not independent. It undermines there answers.

@sslee , the ceo admission of what he has done means he admits that the rest of the directors gave a false statement at the AGM. I have passed his comment on. Thanks

Thanks @sslee, I do like the way you deliver fact based assessments.
As you outline everything is stuck and that I assume is why the market does not give insas a good share valuation compared to assets. How will adding more assets at a share discount valuation of 60% help ?
Cash at bank has a discounted valuation, so does inari and m&a let alone other valuable assets. All at a minimum 60% discount to share price.
If they go invest rm1 billion will market just value as 400 million as market sees shareholding and control as an issue like they always have ?

In the annual report he only has 462k shares.. that is very sad for a CEO and how much money he has.. why he does not mind giving such bad dividend and does not care about share price…. Just gamble cash on investments

Out of interest, how do I see how many shares Dato Wong has and his sales ? One place I looked he seems to have very little shares …

I am sorry @sslee but if you are being asked by CEO about investments and Indonesia I really have no confidence in the board. If Thong wants to throw his money away with the board help and waste it then either do a buy out or give bumper dividend and go do it with your own cash. As I said other than inari most business they invest in and Thing sits in the board all wasted cash and are in trouble. Hohup so bad Thong resigned trying to distance himself from mess he is board director and insas representative. Same for Omesti, another dead company burned all the cash , thing also always been board member there. So there is no track record for making investments that actually work. Anyone can invest … just give shareholders money back and he can go waste his own money.