Speaking of Elvis Presley, just heard that Elvis will emerge as a substantial shareholder of Insas after accumulating 5% from the open market.

Quek Leng Chan announced that he intends to make a hostile takeover of Affin but refuses to disclose the takeover price.

Forum here so quiet. Everyone sold their Insas already?

I want to file Missing Cat Notice.

KPS to rally this week? Yes? No?

All my purchases and sales are time dated. :-)

Posted by TheContrarian > 2020-09-07 18:55 | Report Abuse

Bought Affin at 1.44 today.


sharewiz118

1,880 posts

Posted by sharewiz118 > 2020-09-09 11:53 | Report Abuse

drop to RM 1.42 today LoL


aklobi

256 posts

Posted by aklobi > 2020-09-09 15:35 | Report Abuse

Will buy again if goes below 1.40


TheContrarian

8,127 posts

Posted by TheContrarian > 2020-09-10 16:12 | Report Abuse

Bought Affin at 1.41.

Some people are easily shocked, hahaha.

Ahmad Nazim resignation letter, dated Jan 30th addressed to the chairman of LTAT was sighted by The Edge.

25% of Affin ----> 586.5 million shares @ RM2.40 = RM1.408 billion.

Ahmad Nazim in his resignation letter listed a number of key initiatives that were taken ..... including ..... formulated a deal structure that raises RM1.4 billion for LTAT and Boustead Holdings from its holding in Affin Bank.

Latest The Edge Weekly page 10, I bought hard copy, don't have link.

I sold 96% of my Insas from 1.16 to 1.34, maybe tomorrow can buy back, maybe Tuesday, maybe Wednesday, maybe after CNY.

LTAT outgoing CEO hinted LTAT and Boustead are selling a combined 25% stake @ RM2.40 to Sarawak.

I still have 4%.

And every time EPF has been selling all these months Sarawak didn't even buy a single share from the open market.

EPF has been selling and selling and selling and selling ....... and never buying at all.

@Calvintaneng, hahaha, yes, true but any selling by EPF will eventually cease. It's a bit late to sell now.

Calvintaneng, please don't frighten the people here.

Tong bought 134,800 Insas-WC at 42 sen. Insas-WC closed at 36.5 sen. How much would Tong gain? Can someone help me calculate?

Isn't it obvious that EPF was selling.

So far have sold more than 90% of my Affin. Was hoping to sell the remaining above 2.70 but ..........

Mr Sslee, did you manage to buy any KPS today?

Anyone here able to buy something like 2.7 million shares to absorb selling from EPF?

EPF sold over 2.7 million shares on 29/1. Probably continued to sell last few days.

RM300,000 can buy how many units of Insas?

Tq

First time in my life bought BIMB today, small portion at 2.25.

Ball is at the feet of Bank Negara. All waiting for green light from Bank Negara.

Affin headquarters remain in KL.

Sarawak will be getting board seats but LTAT may retain board control.

Until the price is announced the share price of Affin will be drifting.

Sarawak is trying to own up to 30% and LTAT appears willing to sell but at suitable price.

The facts are as follows : Sarawak wants a bank and LTAT needs to raise money for debt obligations and one way is to pare down its stake in Affin.

Insas-WC crossed 50 sen already?

Engineering Profit who made his fortune in Affin posted for the first time here telling us to wait for Insas to get cheaper.

Anyway since this is Insas forum I am wondering who bought Insas today? Don't be shy to say.

Contrarians don't chase, they let the price come to them.

My advice is stay away from MBSB.

I failed to snap up KPS at 81 sen today.

Sometimes I wonder what you guys have done to Mikecyc for him to be so spiteful.

@alenac, MrSslee was new to share investing that time when he bought into the red chips.

We can see so many are making tons of money last month. Hopefully we all continue to make tons this month.

Affin will have its own strength. A lot depends on what price the 15% or 25% stake is transacted. The market price will eventually rest at around that level.

When you see how heavily Insas is been promoted in the past two weeks you can see how desperate these promoters want to sell.

If one were to apply simple common sense one could make profit consistently from the stock market.

Only very huge volume can propel Insas higher but at every higher price level many will scramble to sell.

All those people talking about how deeply undervalued Insas is has only one motive to sell Insas as high as possible.

Today stock market closed.

Dear MrSslee, everyone here is trying to get you to start buying back Insas so that when it goes higher they will sell theirs.