Insas RPS size is only RM132 million but the warrants issue size is 331 million. Why does Insas need to issue such huge warrant size when it only needs 150 million warrants to be exercised at 90 sen to fully settle the RPS.

Insas cash pile has gotten huge and will only get bigger by selling more Inari shares over time. For Thong to get hold of ALL the cash he needs to first cross over the 50% shareholding and later privatize Insas. Thong at this moment also can't formally touch the cash hoard.

Previous Insas warrant issue size was smaller, 265 million and Thong needed 230 million warrants to cross over the 50% line. Current Insas-WC issue size is 331 million and Thong and PAC already owns at least 115 million warrants.

@MrSslee, I think you and me are the only ones really clear of the situation in Insas and why Insas remains a value trap until February 2026.

Below 90 sen cannot cross 50% lah, where can sapu over 230 million shares below 90 sen? But can exercise 230 million warrants at 90 sen, warrant price fixed, cannot change one.

Most important we must keep in mind is that only "buying" boost stock price and nothing else, a stock can sell at way below its cash backing and if there's no "buying" of the stock, the price of the stock stays down.

It's very rare here in our local stock market for a stock to be able to keep going up indefinitely. The US stock market is different. There's endless money chasing stocks there.

Thong will not get the chance to cross 50% cheaply at only 90 sen per share again and if he doesn't do it he is bodoh, hahaha.

I am old also but I try to maximize my gains timing the market using a contrarian approach strategy.

The cash hoard will just keep growing until after Thong crosses over the 50% shareholding line.

@MrSslee, please be aware that at the current range of Insas price it's left hand buying, right hand selling, then right hand buying back.

If I am aware of a stock that would likely to benefit from a future event, I will put it on my watchlist and when price eventually drops back after the excitement is over I will enter at the right price.

If brainless people keep selling Insas at 1.05, how to reach 1.80?

Already mid-May still no approval for Sarawak to buy Affin. Seems like hot air from Abang Jo.

Leno hold 15 years already.

Which brainless person are selling Insas at 1.05? Insas has over RM1 billion cash, Insas has hundreds of millions of Inari shares, Insas has OCBC Bank, Insas has Gloves 😂

Last week I grabbed some Mycron at 36.5 sen, this morning sold off this batch at 39.5 sen for some weekend pocket money.

If a person trapped in Insas keeps buying to average down there might be opportunity loss buying other stocks.

Hahaha, pitiful laggard. 🤣

Dividend will be low until after Thong crosses over to more than 50% shareholding.

As stated in the Circular, the completion of the Proposed Rights Issue will not give rise to any consequences of MGO. However, should the major shareholders or persons acting in concert (“PAC”) exercise their Warrants such that their shareholdings in Insas increase to more than 33%, they are obliged to undertake a MGO for all the remaining Insas shares not already held by them.
Under the Companies Act 2016, RPS can be redeemed out of 3 scenarios:- 1) Retained profit; 2) New issuance of shares; or 3) Capital of the company. It is likely that the Company will redeem this new RPS out of retained earnings. Presently the Group has retained earnings for more than RM750 million, the Board is comfortable that this will not affect the available retained earnings for distribution as dividends to shareholders.

Extracts of Minutes of the EGM held to approve the RPS of Insas on 23 December 2020.

Despite the KLSE CI closing in the red, Insas has shown great resilience to close 1 sen up. If Insas closes 1 sen up everyday Insas will reach RM1.80 in 73 trading days.

At RM3.25 with NTA in excess of RM10 I was paying 30 sen per ringgit when I bought SBagan in December 2023.

In 4.5 months my SBagan went up from 3.25 to 6.47, that's 99% gain.

If retailers flock to Inari to chase, Insas taukeh will sell down Inari.

Insas had its day in January if you didn't know.

Which brainless person are selling Insas at 1.05? Insas has over RM1 billion cash, Insas has hundreds of millions of Inari shares, Insas has OCBC Bank, Insas has Gloves 😂

Posted by stockraider > 2024-01-28 11:22 | Report Abuse

Insas will beat Osk share price soon loh!

OSK now 1.63. Insas will beat OSK price soooooooon 😂

Don't forget that Insas also has OCBC Bank.

Insas 30 sen selling for a ringgit has Gloves. Glove counters flying.

Dino 🦕🦖 all extinct already.

@MrSslee, can't compare PPHB with Insas. PPHB smaller capital base, less free float, controlling shareholders own more than 33%, Company can do SBB. Insas share price been suppressed. Although Insas' is much superior, PPHB share price can overtake Insas because Insas just isn't performing.

Hahaha @ MrSslee, no Japanese sounding name company for China.

Ninja still recording operating loss, that's why listing deferred until such time there's profit. Just checked Ninja Van is regional operating in Singapore, Malaysia, Indonesia, Thailand, Philippines, Burma. Might enter China?

MMC was taken private when the stock market was in bear phase I think.

Ninja Van is Singapore company, have gone regional I think with operations even in Indonesia and Philippines, need to check. With Ali Baba entering as shareholder definitely going into China.

I have been in and out of Insas since 2016, that's 8 years.

Thong has a wonderful chance to trigger MGO at 90 sen.

@UncleFollower, isn't it obvious in Insas it's left hand to right hand then back to left hand hoping to draw in the water fish.

Insas will make Thong very, very rich at the expense of the minorites.

Insas can't do SBB because of Thong.

Insas is more like a capital venture company, it tries to put its fingers in many pies.

I read a lot.

For those who don't know I want to reveal here that Insas has a minority stake in Ninja Van. Lately Ali Baba has emerged as a shareholder in Ninja Van. Ninja Van is scheduled to be listed in Singapore stock exchange.

Insas tried that on glove manufacturing I think, during Covid.

@UncleFollower, back in January Insas was such an exciting stock.

Currently for a stock to really fly, it needs to have some connection with data centre. If Insas were to announce something on data centre, sure fly.

I think MrSslee is fed up with Insas BOD.

Insas going to report good quarterly results this month but definitely no surprise dividend. Insas NTA will go further up. Buy before the results?

@MrSslee, you did manage to sell some Jayatiasa at RM1.50 level recently. Insas, as we know, RM1.50 susah.