Once the margin call forced selling ceased PPHB price held up well.

As predicted Inari lau sai today and Insas closed below RM1.

Maybe no one will turn up at EGM.

@Joshua236, what have you been smoking? Pansar price is now at 56.5 sen.

Next is voting at EGM on Friday.

Nobody attended the forum meeting yesterday?

Now Dow Jones Index down > 400 points , Nasdaq Index down > 300 point , if tomorrow Inari lau sai, Insas probably drop below RM1.

How did the forum meeting go?

All of us must show our appreciation to Ah Thong for keeping Insas market price down so that we all could buy Insas cheaply.

QR out, nice.

Two days ago put buy order at RM2.56. Didn't realize my order was done until I checked my account today.

Confirmed margin call forced selling is over.

Margin call forced selling seems to be over.

Hahaha, that guy gone MIA.

QR out.

Bought at 83 sen this afternoon.

Bad QR.

Tomorrow Inari better bounce back, if not, Insas will drop like waterfall.

I remember not so long ago someone here asked if Inari goes to RM6 , how much will Insas be?

Leno stuck 15 years 6 months. 🤣🤣🤣

“There is no point in keeping it (KPS) listed. The company’s stock has underperformed for the longest time,” he explains.

The other source says he had heard that KPS’ privatisation was in the pipeline but did not know if CIMB had been given the mandate to handle the corporate exercise.

Market observers are not surprised that the exercise was being contemplated as KPS’ stock has long been undervalued.

This article first appeared in The Edge Malaysia Weekly on November 16, 2020 - November 22, 2020

SELANGOR state-controlled Kumpulan Perangsang Selangor Bhd (KPS) could be privatised in the near term, two separate sources who are familiar with the matter tell The Edge.

One source adds that Darul Ehsan Investment Group Bhd, KPS’ 57.88% shareholder, has appointed CIMB Investment Bank Bhd to handle the corporate exercise.

SCR at low offer price wouldn't be successful. Cheaper for Ah Thong to exercise his warrants at 90 sen to cross 50% shareholding first.

@Johnzhang, if you are in KL, there's no harm to attend to assess the situation.

QR out.

KLCI up 13 points, Insas down 3 sen. Why?

Managed to get at 85 sen.

@Johnzhang, in the coming forum the minorities can ascertain whether collectively they have sufficient votes to oppose the offer price.

It's not really difficult to be the 10% that often wins. Be a contrarian.

Due to margin call forced selling.

@SinGor, who are you having 🐎 race with?

🤦

Insas RM1.35 is probably more than 20 years high.

The Board of Directors of South Malaysia Industries Berhad (“Board”) wishes to announce that the Company has, on 20 August 2024, received a notice of unconditional mandatory take-over offer (“Notice”) from TA Securities Holdings Berhad, on behalf of the Offeror, to acquire the remaining ordinary shares in SMI (excluding treasury shares) not already held by the Offeror, the Ultimate Offeror and the PACs (as defined in the Notice) (“Offer Shares”) for a cash consideration of RM0.45 for each Offer Share.

One gloomy day Ah Thong will be making an Unconditional Mandatory General Offer for Insas at ...... at how much?

As provided for under subparagraph 2(f) of Schedule 3 of the Rules, the Special Resolution:- (i) must be approved by at least a majority in number of the disinterested shareholders of MPHB and 75% in value of the votes attached to the MPHB Shares held by the disinterested shareholders of MPHB that are cast either in person or by proxy at the EGM; and (ii) must not be voted against by more than 10% of the votes attached to the MPHB Shares held by disinterested shareholders of MPHB of the total voting shares of MPHB.

In Insas' case there are almost 22,000 shareholders (compared to only 10,000 in MPHBCap) and a SCR would be extremely difficult to succeed given that it requires 11,000 shareholders to vote YES.

In case none of you are aware, MrSslee was at one time one of the 30 largest shareholder of Insas until he sold off early this year a substantial amount for huge monetary gains.

Speaking of SBagan I have some shares, my cost around RM3.

Posted by TheContrarian > 6 days ago | Report Abuse

Posted by TheContrarian > 1 week ago | Report Abuse

Ended the day picking 9 cherries 🍒🍒🍒🍒🍒🍒🍒🍒🍒

Have sold 2 cherries 🍒🍒 🤑🤑

Sold another 2 🍒🍒 🤑🤑
5 cherries 🍒🍒🍒🍒🍒 left.

Why are you people interested in a stock that is spiraling down?

8 years ago when I first bought Insas at around 65 sen I believed I was buying a share of its promising business. After a while I realized it wasn't the case. I accepted that I was merely investing my money in an undervalued asset. I decided there must be an exit price. When the exit price is reached I must discipline myself to sell.

One cannot make money from the stock market by blinding following books or following Warren Buffett. Every stock is unique. If you take Insas' case everyone agrees it's one of the most, if not the most, undervalued stock in Bursa Malaysia. If you can understand (and accept) the reason behind it then you can make most from it.

Posted by Sslee > 2 hours ago | Report Abuse

2. HSBC NOMINEES (ASING) SDN BHD 36,953,650 5.26
Exempt An For Credit Suisse (SG BR-TST-Asing)
3. CITIGROUP NOMINEES (ASING) SDN BHD 35,962,967 5.12
Exempt An For OCBC Securities Private Limited (Client A/C-NR)

Are second and third substantial shareholders agreed to such deal?

Usually shareholders who hide behind foreign nominees are parties friendly to the controlling shareholders.

@Johnzhang, Mr Sslee has answered it very well.

@MrSslee, yes it's possible. Happens often. This is because controlling shareholders usually have friendly parties owning substantial amounts.

When you buy shares of a public listed company you are not buying a share of the business. You are merely investing your money.

I do that too when overall stock market is boring and have spare cash but never have to cut loss.

@MrSslee, a cat is going around repeating boh chow see.

Leno bought Insas-WC at 41 sen?!? 😱😱😱

WTF 2021 YTD and a Buy Call on Insas-WC

leno
Publish date: Sat, 27 Nov 2021, 11:15 AM
WTF 2021 Portfolio



YTD (up to 27 Nov) is a whopping 71.9%

This is based on closing price of Insas RM 1.03 and WC 42 sen



Meaning if my portfolio was

RM 465 K early this year

now it is worth RM 800 K



My Current Call to My-Self

is to BUY BIG on Insas-WC



My Last buy was yesterday 26 nov

Which I collected "a bit" at 41 sen

by swapping-off "a bit" of my Insas at RM 1.03



This is based on my calculation.

What calculation ? Don't ask.

If ask also I won't answer.

Hahahaha ..

As usual, nothing beats learning from a REAL life lesson.

@speakup, don't ask dumb question.