Insas QR out, as usual no dividend.

To a person who holds zero cost portion selling 100,000 shares of Insas at average price of say, RM1.18 means a profit of around RM118,000.

Eventually one day people who holds zero cost portion of Insas will get tired seeing that Insas share price is flattish. Then one by one start selling resulting in a waterfall.

2.50

Insas could pay out quarterly dividends but unfortunately refuses to do so.

Insas manipulates its EPS by selectively selling down Inari shares.

Every time Insas break through RM1 the retailers declare that Insas has move out of its "value trap" but ....... eventually the price drift down and go below RM1 not once, not twice, but thrice in the past ten years or so.

Always set aside some cash so that when deeply undervalued shares drop to ridiculous price level we could buy.

The market is reacting positively to the departure of 3 key LTAT personnel.

New Defense Minister is not happy with the proposed sale, maybe he doesn't want to sell 25% but less or maybe he thinks Sarawak is shortchanging LTAT at RM2.40 and is demanding a higher price.

@chamlo, the sale from LTAT to Sarawak is awaiting Bank Negara approval.

I am expecting a mid-March market correction.

I am totally out of Affin and made a gain of around RM70k. Now I am in Bank Islam.

During CNY I met Quek and asked him if he were going to make a hostile takeover of Affin, he laughed and laughed and laughed.

EPF sells Affin to re-balance their bank shares portfolio, moving out of Affin into Bank Islam as EPF funds are now segregated into Shariah and Conventional. More EPF account holders are opting for Shariah.

LTAT is very broke and without selling a block of Affin it would default on Boustead Holdings huge loans.

Sarawak doesn't buy from the open market because they are cheapskate, they want to buy cheaply off the hands of LTAT who desperately need to raise cash because they got trapped into doing a takeover of Boustead Plantation.

A value trap is an undervalued share that never reaches its true value and forever trades far, far below its true value like ...... Insas but that doesn't mean you can't make tons of profits from it. In fact I already made four fold from my original investment in the past 10 years or so. Always buy near the bottom and sell near the top and you will never get trapped. So simple.

Sarawak is paying RM2.40 based on leaked documents.

His waterfall list reliable?

A waterfall is coming ..... not tomorrow, not next week ......... but it's definitely coming.

The gains on disposal quarter ending 31 March 2024.

Many moons ago, Ah Tong bought Insas at 80 sen, many contrarians followed, speakup followed. Last month Insas reached 1.34/1.35, Ah Tong didn't take profit, don't be like Ah Tong, Ah Tong instead bought Insas-WC at 42 sen.

Last month Ah Tong bought 134,000 Insas-WC at 0.42. Friday Insas-WC closed at 38 sen. Don't be like Ah Tong, buy high, now RM56k stuck.

Posted by TheContrarian > 1 month ago | Report Abuse

Took some profits at 1.34.

Already one month since I took profits at 1.34. When can go back to 1.34?

Anyone bought Insas today? Don't be shy to tell.

Oops, wrong forum.

Go, go, go BIMB.

I will forever hold one share in Insas in case one day it goes to RM60, then I can say I sold it at RM60.

Forum here so quiet today, like calm water before the waterfall?

Finally moving again.

Already broken through 80 sen. No one cheering? Everyone sold already?

Oops, wrong forum.

Go, go, go Cepat.

Go, go, go Cepat.

Ah Chen died last year FACBInd still not broken up.

If Ah Thong dies no more free warrants in 2027.

@speakup, up to you.

How deep value is it? How much cash backing per share?

Sad to see Mphbcap not moving.

After the consolidation, market price of Insas will be adjusted to RM60.

Insas planning to do a share consolidation : 50 shares consolidate into one giant size share.

I think you got the year wrong, it was crashing in May 2023 rather than 2022.

When market sentiment is bullish I normally aim for a minimum gain of 30%.

I have put my Affin sale proceeds into good use by buying BIMB at 2.24 to 2.25 and Cepat at 0.71.

Forum here is rather quiet. I feel BIMB can go far.

Yesterday took Mr Calvintaneng advice and bought Cepat at 71 sen, now Cepat 74 sen. Thank you.

Yesterday buy today up already.

Go, go, go BIMB.

Dividend already paid out last month.