hkvoon, if you still asking this question, then you not only should sell, but should avoid invest in stock market. As you do not know what you are doing here, so it is better you leave the field before it get hurt too hard. No offend.

To me, the money I lose in Mudajaya is something I can afford to lose, and i almost give up on this counter as the management is not doing their job well.

who is IB ivan9511??

Another Red quarter as expected.

fl888, after Ex date, all the CWs exercise price will be readjusted. So everything back to square.

She looked hot HouSaileiTrader, hahaha. Not sure Insas will soon as cantek as her or not. haha

erm.. announced big news, but not moving...

now already 4.30pm.. engine still sejuk la...

Haha, I have to agree with DRwarrant on this. "profitable company, Tomorrow>> Sure GOLENGG".

you can convert the warrant anytime you want Stockeeper. Just matter of worth it or not only. Just ring your remisier and arrange. lol.

Accidentally bought at 0.265 again... never realize i set 0.265 one week ago and today got matched. haha.

0.09 haha. DRwarrant should not call DR, diploma pun tak sampai la..

apa good news??

Drwarrant, can you go queue to buy at 11sen? I will sell you my parts. LOL.

Ha, ya I think Leno also not buying already. Leno, please show us some support.. haha

I believe Dato Thong is selling his shares or maybe warrant.

Insas tak cantek again.. wahaha, but I queue at 0.26. Someone willing to sell?

dunspace, sometime the market doesn't react logically. It just need a theme to act on certain counters. As long as the theme is right, ppl will fried, I'm not saying Insas will definitely get benefit from that, i'm not god, let's just keep our finger cross and wait.

expecting another red quarter. Wait till last day only announce, sure bad news.

Happy new year leno. Will insas as pretty as you in this dog year? Any good news to share? haha.

Just back from CNY. Insas not yet up?? Good quarter results anyway. Those who sell this morning really kisiao one. When you look at the report, not only the EPS that is important, just look at the cashflow chart, see how much insas generated this year compare to last year la..

Bought my portion at 0.285, 0.265 and 0.255, looking forward for post CNY rally. Happy New year everyone.

Every year before CNY also Insas lembik one.. Force ppl to sell cause need money for CNY.

US drop more than 1000 points again. No eye see Insas later. Stay strong brother and sister. How are you doing leno? Haha.

leno, you can't blame those who lose hope on insas. Everyone have their own view. Not to mention, Insas really tak cantek for the passed 4 weeks base on its performance. Unless you can dress her with some make up and make her become cantik again.

wait till it stablize and buy. Tomorrow could be going down still.

Anyone accumulating? Or everyone here kenal until face green green? haha.

Bought some at RM 0.285. My experience told me is never sell before CNY, every year pre CNY sure going down, but after CNY will goes back up.

You guys don keep saying HOVID already get the 75% even though it is already a fact. If not later simon2020 will condemn you guys was sent by opposite team to asked minority to sell. Can not share even it is already a fact.

yeah, leno, don share. Those who believe in Insas will still believe in Insas. Those who don believe in it will always curse it. As long as we know that we are going to be rich soon. Insas Cantek. No need RM 3, Rm 2++ is enough for me. :)

stocktaider CORRECT. It is now no longer the 75% (THEY ALREADY GOT THE 75%), it is about the public spread and how to prevent them to delist. Rich ppl don mind to pay the extra exercise price, if they have 1 billion with them or 500 million with them, who care to pay another 10 million more to exercise and take HOVLID delist, so that they can have full control , then the 10 million can easily gain back in less than 1 year...

Also, remember they want to buy the mother share directly from the market since it is cheaper, HOWEVER the problem now is NO more ppl want to selling to them, those who already sell-off had taken their money long long time ago. Those who still holding one are long term investor that will not sell them at Rm 0.38. So instead of keep asking those "strong believe" investor to sell them, they could just exercise their warrants to achieve the 75%, they could just pay more money but no need to look at those small investor emotions, with the condition that the public spread policy doesn't meet anymore after 75%, then SC will have to DELIST HOVID. If you don know what is the rule to take a listed company delist even with 75%, just google it.

I'm just trying to imply that the JV is no longer aiming to get the 75% (cause they had already achieved that). However, they are trying to kill the public spread now to ensure that they can still delist HOVID with >75%. UNDERSTAND??????

This is what I trying to imply "Hence, to me, the 75% is already achieved long long time ago, they are trying to kill the public spread instead so that HOVID can be taken delist after >75%."

They are trying to kill the public spread now, but NOT the 75%. I'm just telling the facts, NOT to convince anyone of you to sell. If minority shareholders doesn't sell and can still maintain the public spread status, then HOVID will still have to list even they got it 75%.

Ming Tzy, since when i pursuade other to sell? Any of my words saying or suggesting you guys to sell? I'm just sharing the facts, none of my words suggest you to buy or sell, and just for your information, I'm still HOVID's shareholder as of today.

simon2020, Let's the number talks. As of 10th of January, the JV should already get 72.85% of HOVID shares which is 598,017,636 units). I do not have the actual numbers of how much the JV own in the warrant, but based on the number they got on 21st November was 71.64% or 230,846,595 units.

Today, the total HOVID shares is 820,889,000 units and 72.85% already owned by the JV which is 598,017,636 units.

Just assume that they convert all their warrants in hand (71.64%) or 230,846,595 units into mother share.

Then the HOVID share will be diluted to become:
Total HOVID shares in the market after dilution:
820,889,000+230,846,595 = 1,051,735,595 units
Total HOVID shares owed by the JV:
598,017,636+230,846,595 = 828,864,231 units

828,864,231/1,051,735,600 = 78.8% (>75%)

And actually they don need to convert ALL their warrant to get 75% today. They only need to convert 75,000,000 units is enough for them to get >75%. 75,000,000 units x 0.18 exercise price, it is only RM 13.5 million. Since no more HOVID shares for them to buy (all the minority shareholders do not want to sell them). That's the easier way to get the 75% even though it is few millions more expensive.

Remember, rich ppl don care too much about the cost, they want ownership and power. They have too much money already. Hence, to me, the 75% is already achieved long long time ago, they are trying to kill the public spread instead so that HOVID can be taken delist after >75%.

I believe that with their current warrants percentage, if you convert all they have today, they will get the 75% even after the dilution.

They need to convert their WARRANT to get 75% already la... By law they are not allow to buy anything above 0.38 before 12-January. So the price will never go beyond 0.38. After 12-January then not sure how much it will go.

newbie4444, no body asked you to buy Insas at 98.5 right? You can put your money in FD to get 4.2% (Hong Leong Bank for 12 months) today, please go for it.

I don think DS Thong will privatize la.. If he privatized and ask for RM2, you better sell. DS Thong is very powerful in Insas, he had almost full control. He can easily get 90% in no time.

donnywong, some correction, the 1:8 in 2015 and 1:4 in 2013 wasn't bonus issue. It was Right Issue. Only year 2016 and 2017 were Bonus issue.

Hi Sslee, again, thanks for your effort. However, just my 2cents, I personally do not like the way to praise one by comparing to the others. Can you please kindly remove the following if that's not too much for me to ask for.

"I believe INSAS is 100 times better than XDL"
"(Easily beat Berjaya food hand-down)"

Thank you!

Actually to get that 6% is not so difficult. Even after 75%, HOVID need the SC approval to delist based on public spread rule. The public spread is the hardest part actually. The more the small shareholders doesn't give up, the harder HSS to bring HOVID delist. Just promote to your auntie uncle, ask them to buy 100units each. So that the number of public shall holders still meet the public spread requirement, then HSS cannot do anything even he got >75%. Unless he managed to get 90% then baru consider Game Over.

With 68.2% shares + 77.37% of Warrants, and assuming HSS convert all their Warrant today, they will get 73.35%, which is very close to 75%.

How is 70% able to delist?

My rule is, only buy blue chip stock during a bad financial crisis. On other time, better buy smaller counters.

Wau, 10 years. That's very impressive. I been holding INSAS for almost 5 years. Just half of your duration,

100% warrant conversion will not give them 75%, but will definitely get them 67%.

I'm not really sure how the 67% make up. I thought there are only two threshold in Malaysia SC rule?? 90% and 75%. Can someone explain what is means by 67%?? What the differences between 67% to 75%.

Thanks for the update Sslee.

lcwin, please refer to the calculation on posted on 21st Nov. With 100% Warrant only manage to get them around 68%. HSS and fajar need another 78 million units of mother share in order for them to get 75% even they had acquired the full 100% of warrant. Remember, if they converting all the warrant into mother share, the total number of public shares will increase too.

Extend again..stop wasting time la HSS. Just declare your acquisition unsuccessful or increase your buying price. We will not sell.