@UncleFollower, spread your investment, don't be too heavy on one stock.

You still holding your 200,000 shares?

I can sell off my 3,000 Insas shares which i bought at 1.03 at the same time as you did.

Insas will be receiving dividend of S$0.42 (RM1.47) per share from OCBC Bank on 21 May.

Stock market everywhere is higher in March 2024 compared to December 2023, there will surely be gains. Unfortunately minority shareholders don't gain this through Insas share price.

Those targets set by Investment Banks?

How much of the investment in listed equities Singapore equivalent RM102,361,000 is in OCBC Bank?

Back in 2018 I was hoping Insas will be good to me again and of course Insas was good to me again not only a second time but a third time, ended up making a four fold gain.

@speakup, go dig up the old Annual Reports of Insas and read through every page. If you are sharp, you will see OCBC Bank mentioned.

Posted by TheContrarian > 2018-07-29 04:40 | Report Abuse

I bought Insas at 65-66 sen in 4 tranches from June to Nov 2016 and sold off all at 1.06 and 1.10 in 2 tranches in June/July 2017, that's a gain 66%. Even received a 1 sen dividend. Sometime this year I started buying back at 80 sen down to 77 sen. Sometimes timing is important to maximize gain rather than buy and hold for forever. Insas has been good to me and will be good to me again.

I found an old posting of mine way, way back in 2018.

Insas owns OCBC Bank shares which owns Great Eastern shares, so Insas owns Great Eastern shares, hahaha.

Great Eastern shares will bring in RM426 million. SBagan enlarged share capital will have 93.5 million shares, that's RM4.55 per share.

On 3rd May managed to grab some Eksons at 0.485.

And I hereby declare that I intend to buy more SBagan shares at the right price at the right time.

And I want to disclose currently I own some shares in SBagan but none in Kuchai.

For those who don't know, Insas owns some shares in OCBC Bank which owns Great Eastern.

4.76 million Great Eastern shares will all now be with SBagan, Kuchai has sold off all to SBagan.

@MrSslee, let SBagan price cool off first. Any huge special dividend will only be declared months later after OCBC Bank completed the general offer of Great Eastern shares. Short term players have taken position last Friday and they will eventually sell. I feel best not to rush in and wait for price to fall back and stabilize. Monday price might spike based on The Edge write up.

In his mind Thong could be thinking that the minority shareholders didn't contribute to enhance Insas' value so they don't deserve it.

Thong could have shared Insas' wealth with the minorites if he wanted to but sadly .........

@MrSslee, got to give it up, treat Insas as a trading stock, buy when it's cheap enough, sell when all the so-called masters/sifus get excited.

Back in 2018 Insas value already RM3 but ...... how come Insas market price never went beyond RM1.35 in the past 6 years?

When Thong exercises 230 million warrants he is obliged to make a mandatory general offer (MGO) for all Insas shares at 90 sen per share. As the MGO will fail Thong will only own slightly above 50%. Insas share price can continue to be suppressed thereafter for several years until one day Thong will propose a Selective Capital Repayment to privatize Insas.

Foreign funds flowing into Asia stock market including KLSE, so CI will continue to rise.

The idea of Thong exercising 230 million warrants at exercise price of 90 sen is to take his shareholding over 50% in a blink of an eye. This is the cheapest method for him to cement his hold on Insas officially. After that he will privatize Insas and own Insas 100%.

@speakup, over the years more and more people having been trapped learn of the term "value trap".

Insas has new target price, RM1.80.

OMG, Insas can't pay dividend. 😂

@xiaoeh, yes anytime until expiry in February 2026.

Some people thinks like how Leno thinks holder of each warrant automatically become holder of one share. To exercise warrants you need to pay 90 sen into Insas. Insas will receive RM207 million from the exercise of 230 million warrants by Thong. Insas still no money to pay dividend?

OMG, Insas can't afford to pay dividend. 😂

Thong has planned very well to cross 50% shareholding by February 2026.

Why is Thong not a director of Insas? A director would need to disclose any purchase or sale of shares or warrants. A substantial shareholder only needs to disclose any purchase or sale of shares but not warrants.

The massive warrants in the market is a hindrance for Insas share price to go up and the massive warrants benefit only Thong.

This is why you can buy Insas at 30 sen for a ringgit because your 30 sen will never become a ringgit.

Thong's last chance to cross 50% shareholding at only 90 sen per shares is to exercise his warrants and additional warrants he can collect and he has until February 2026 to do so. There's not going to be another RPS with generous warrants again as there's no justification for Insas to raise funds again.

@MrSslee, Insas Credit and Leasing can finance Insas associate companies but not Insas which is its holding company.

You don't understand lah.

Anyway, Insas now very cheap, only 30 sen for a ringgit. Buy now and your 30 sen will turn into a ringgit, hahaha.

@Mr Sslee, I think under Law subsidiary of Insas can't finance purchase of shares in Insas, the holding company.

The 35 sen dividend of RM157 million will be earmarked to pay off the funding of RM157 million fully settling the funding, what force selling?

On 22 January this year Insas closed at its highest at 1.29, MPHBCap closed at 1.05. On 10 May Insas closed at 1.04, MPHBCap closed at 1.25. See the contrast. One went downhill the other went up.

So, don't sailang everything into Insas. Don't be like Leno.

Anyway, most people wouldn't be able to understand what I am saying. Insas now 30 sen for a ringgit, cheap sale, cheap sale.

Then this would be the ultimate end game for Insas, no chance to ever reach 60 ringgit or even 2 ringgit.

Thong thereafter will continue to suppress the market price of Insas and several years thereafter he could propose to privatize Insas via a Selective Capital Repayment at a low price since market price has always been low.

Thong doesn't need to worry of privatizing Insas, he merely takes it across the 50% line cheaply.

@Sslee, yes, he needs either local or foreign banks for financial support, funding and backing and to show it to Bursa in order to undertake MGO but at low price of 90 sen there will be no acceptance of the general offer.

This looks like the endgame to me, if I were Thong I would do this.

After crossing 50%, Thong and PAC will collectively hold around 448 million shares in the enlarged share capital of Insas of 893 million. Insas can then pay out a dividend of 35 sen and Thong and PAC will receive around RM157 million, just nice to pay off the funding.