Guys, just let me do some simple math here.

Inari gave 2.3sen dividend last quarter, Inari business is keep growing and I believe that more dividend will be on its way. Taking the consecutive path, I will assume that Inari will give 2.3x4 = 9.2sen annually.

If I'm not mistaken, Insas hold more than 25% of Inari shares. So around 178 million of shares. Just forget about the WA and WB of Inari for now.

178,000,000 x 0.092 = RM 16,376,000

Insas issued roughly 693 million unit of shares.

so each share can get:

16,376,000/693,000,000 = 0.024 (or 2.4 sen) annually.

Inari latest EPS was stood at 6.59. Assume that it will stagnant there for the next 4 quarters (very unlikey). Taking the consecutive path, I will assume Inari will give 6x4=0.24sen EPS annually. Since insas owe roughly 25% of inari, I will assume that the UNREALIZED profit of insas from inari will be

0.24x0.25=0.06 (6 sen) annually.

Take the current price 0.87sen of Insas share today.

PE = 0.87/(2.4sen+6sen) = 10.35

To me, counter with PE=10 is a very good bargain. Not to forget I only consider the possible earning of Inari in my calculation, but not HOHUP, OMESTI, SYF, M&A, Car Rental, Millions and etc. business from Insas.

So guys, it is up to you to buy or sell. Good luck!

A lot of 仙家 here to teach ppl all the wrong calculation. Hahaha.

Crude oil down, inari price sustain at very low volume trading. Better sell some portion and wait at lower price.

Stop complaining, just sell if you don like. Your money your choice. No one force you to take the "beggar" rate.

"AzmiMerican Kalau no adjustment to harga ibu anyway ask la Insas to issue 200 warrants bukan 2 je..."

A like for this. haha

Side bet?? hahaha. Ok la, go to calculate the mother price for Inari during their last Right Issue. Both Right shares and Warrants were considered in the adjustment. Nothing is free under the sun. Warrant is considers as an ordinary Shares but only counted according to the exercise Price.

Mililia,

"You give your RM1.00 for the RPS (trade anything between 95sen to RM1 based on above arguments), you get 2 warrants and no adjustment on mother share and at the end of the day, the sum of all parts, you will make GOOD MONEY!"

I'm not sure am i interpreted you meaning correctly. Are you saying that if we subscribe the Right issue, there is no adjustment on mother share price? If that's what you meant, I think that is wrong. The Mother share price will be adjusted because we need to consider the two warrants that set at Rm1.00 exercise price. So the Mother share price will be readjusted on the Ex-date accordingly. We will not gain anything pre or post Right.

I agree with bcllct, I won't buy any RPS from anyone if it is >1.00. I think the RPS will only trade below Rm1.00. Maybe between 0.90-1.00.

Argh, up to you what you want to say. I'm just trying to share how the warrant price going to be calculated and you are trying to argue that I trying to spread the negative comment. I owe more than 200K units of Insas in my account, and I also hope it will goes beyond >1.00, but sometime we need to learn from negative comment and take all the possible consequences into consideration.

kevin5059 If mother price close at Rm1.00 or lower day before Warrant start to trade, the LIST price for the Warrant will be RM0.005, then it is up to the market response how much the ppl want to buy and sell and it will float accordingly and normally warrant will be traded at some premium price. I'm talking about the LIST price, not the price after free float.

You don have to be so aggressive when ppl share you the true calculation. I'm fully agree that 0.005 warrant is ridiculous for Insas, but if mother price stay 1.00 or lower, that's the LIST price for their warrants. You can sell all your mother share to buy the warrant, but who is going to sell you their warrants at 0.005?? Got it? ppl will only sell you their warrant with some premium. But the FIRST DAY, LIST price will be 0.005, and it is up to the market to decide at which price they want to trade their warrant, and that will be the START price for the warrant (with premium of course), then the warrants will trade accordingly. LIST price can not guarantee to be the START price for the warrant, that's what I would like to say here. And don forget, there are many warrants traded at Negative premium- example Insas twin brother Inari-WA. No one will know what will happen in stock market, I agree most of your fundamental analysis, but don assume yourself as a God and no harm to learn new thing everyday.

If you don believe me on my Warrant price calculation, look at Inari first WA last year and also most recently CBIP-WA. CBIP-WA LISTed price at 0.005 on the first day, but START price at 0.33 at 9am on the first day. Just my 2 cents.

I can see cfoong concern. If the mother share stay at RM1.00 day before the warrant start to be traded in the market, the warrant price will be RM0.005 each, not RM0.10. If insas mother share stay below RM1.00 for the next 5 years, then those who subscribe the RO will hang themself.

with no offence, what make you think that insas mother will stay below RM1.00 for the next 5 years? I know that the price will be readjusted after RO. However, if the company is making money, the share price will eventually climb back to >RM1.00. base on anything that you predict it will stay below RM1.00? From the fundamental side, I can see that Insas is making lot of money and it will getting more and more for the next 5 years. Their business is so huge and very diversify. Of course I just guess and no one will know what will happen. But to me, as long as the company is doing good, the share price will eventually follow.

at current price 0.78, we got ~30% of inari amertron, Hohup, OMESTI and SYF. I'm NOT very good in math, but 30% from inari already contribute around 70sen for insas (unrealise profit). So we only pay 0.08sen per share to own part of hohup, omesti, syf, Dome cafe, M&A, Car rental and many other business under Insas. Why not?

Forget about the Right for just a minute, you don have to buy now, you can buy after the right if you think you don want the right (cause if mother price stay below Rm1.00, your RO will worth nothing and no point for your to subscribe). The mother price itself already very cheap and worth to buy, not to mention the right.

One more thing come to my mind, why don Dato Thong privatise insas? since it is so cheap now, why don he just privatise it and buy the whole company at this discounted price. We all don know what's their plan next.

In the stock market, don act like you are god, no one can predict what will happen next, if you think you can predict what will happen next, don waste your time here in i3 forum, you should be very rich by now.

Why keep talking about how much yield the RPS can bring to us. The reason to subscribe or not to subscribe the right issue is very simple. Just ask yourself do you think the company going to make money in the next 5 years? Do you think that the company subsidiaries (Inari, Omesti, SYF, Hohup) going to perform well in the next 5 years? if YES, subscribe. if NO, then fxxx oxx, simple. The 4 sen per year for the RPS may not seem very attractive, however, don forget about the warrants. If the company doing well in business, the mother share price will eventually follow. If the company doing bad, give you 10sen per year RPS also not use cause the mother price will drop until it become a peanut.

Buy the right base on the company prospect, not for the pre- or post right price cause you basically earn NOTHING after the Ex-date readjustment.

Hi Azmi, gent reminder, I think Insas is not Syariah compliant company. Hahaha.

Just loaded another batch a 0.79. As analysed by gweilo, there is a 25% gain from the RPS alone. Not to mention the capital gain of the mother share and warrant.

Inari alone already cost around 0.70sen per share for Insas. Not to mention OMESTI, HOHUP and SYF. Buying at current price mean you got all Insas's business like Car rental, M&A, Dome bla bla bla for FREE!!!! It is just matter of time this counter sky rocket to >>RM1.80. Look at long term guys, don be short sighted and limit your sight at 2 or 3 weeks gains.

Surprise to see that Inari announce their Right Ex-date before Insas.

Ex-date for the right announced on 20th Jan 2015. Last two weeks for the ride.

http://www.rayaniair.com/

Rayani Air. Might be old news but good to take note here.

Many small investors were not happy with the directors of the company walked out before the meeting end and many had showed no interest to subscribe the right issue during the meeting. Hence, I believe the share price of this few days maybe stagnant or drop slightly around RM1.00-Rm1.10. So sell if you do not feel confident with this counter anymore, or buy more if you would like to put your money in the hand of the directors of Insas and ride together.

Also, make your own decision whether you want to subscribe the right or not. Money is yours, so does the decision.

All the resolutions were passed by strong objection from small investors. They claimed that 4% dividend from the RPS is too low. Many walk away even before the polls result was announced.

Many small investors were not happy with the directors attitude toward the Q&A session who show no patience to explain them the situation.

Finish, Mega Sales is over. Thank you for shopping with us!!!

waiting at 2.45 Inari-WA. Anyone please to throw? :)

Someone is trying to pushing down. Wait at 2.70

Just buy guys. This is inari behavior. Announce some good news, stay stationary for few days with low volume, then sky rocket..

"Disposal of shares via Direct Business Transaction". Fund manager is coming in. Nothing to be worry about if you manage to get something lower than 2.70.

From your statements, you are talking about a good news. Better manage all three runways, customers will be happy for that. Are you sure what you are doing right now?

Over copy the contents? Accidentally copy the wrong paragraph? Copy the good news that you suppose to post only when you buy the counter instead of bad news?

Since 2009, now ppl can tell who is fall in love with the counter. If you do not fall in love with AA, why are you wasting your time here every day and night to post all the "repeated" news?? BB, separate your emotion, don fall in love with this counter. Go to flirt the other chick in Bursa.

"Maybe there is still not enough space for the 25 million AA passengers"

Isn't that a good news to AA??

Stock will eventually follows, that's only for LONG TERM. In SHORT TERM, "somebody" may fix or control it.

Who is overlook the company's shortcomings??

1) Potential dividend
2) Indian AA launching
3) Shifting from LCCT to KLIA2.

separate your emotions from the hard reality BB. No one loving the stock, but ppl are loving the fundamental of the company here. Don act like a playboy who tackle and dump a girl repeatable, then say all the bad thing about the girl, and after that say all the good thing again.

BullBear, why this few days you never talk about US dollar versus RM conversion?? Is it because USD is doing what favor AA now?? and you are trying to "say the bad but hide the good" news now since you want to accumulate AA at lower price? hahahaha. Everyone know your conspiracy behind this.. Good news should be around the corner in April. Just hold tight guys...

haha. So funny to see people here comparing Dsonic with Inari. Dsonic burble burst after its PE reach 30++. Inari PE is still well below 15. Burst your little head la..

I think my news was correct. 1st Board transfer delayed again.

Will buy more if <1.80.

We never talked about bonus issue.

However, from my own opinion, according to Inari financial ability, Inari can give bonus. But...

Inari is currently under huge expanding, so they need lot of money. As we can see from their Cashflow statement, all their profit were spend in CAPEX, and the dividend was come from Warrant to Mother shares conversion. So I personally think that they will not give bonus at this moment. However, i wish I would be wrong though.

sorry guys, I do not always like to spread anything that is not confirm yet. However, I think is it OK to say something negative to let ppl here aware of what happening. I strongly believe in Inari fundamental, I hold this stock since 0.4x until today.

What I means in my previous post was the news for 1st board listing could be delayed again. So we will have to wait till end of June for the news and listing could happen end of this year. However, this news is not confirm yet but just something I heard from the staff in the inari. So it could be wrong.

Guys, heard that the first board transfer got delay again from one of the internal staff in Inari. NOT SURE how true is it, take that as a warning.

I expect huge dividend will be declared this coming April. AA will dispose their old aircraft, lot of extra cash to give the extra dividend.

As you ALWAYS FXCKING like to say, investor has short memory, when they see such great dividend, they will forget everything and the price will shot. RM3 in the making. So folks, the rally will continue? Time will tell, do prepare to make the profit while the price still low. Hahahahahahah!!

YES, careful now, careful you may not be able to buy at such low price in the future. hahaha.

So how folks? Time will tell. Am I act like you now BB?? Loser.

I think it is time to accumulate. Ignore all the BB post here and buy now before it is too late.

46 millions contract awarded. Finger cross.

Guys, just a quick question, what's the dividend policy for this counter? Is it 40%? or??

Thank

The selling pressure is so strong. Don know what the ppl thinking really. So short vision.

haha, RM2.55 already panic to sell??

Just my 2 cents. If big fish bought at average price around RM2.25, will they just sell them at RM2.55? Only 13% gains after wasting so much to pull the price down?? From my experiment, big fish only take the profit that >30% or even more. So just keep the share and wait for the higher target price.

Just finish digesting the report. I will say Padini doing so far so good. 1)The cash reduce slightly (mainly due to the delay in the receivable and dividend paid, the special dividend was accounted in this quarter report) 2)inventories increased (should be due to the new stores opening)
3)borrowing increased (also due to the new stores opening)
I expect in the next few quarter, we will see those number will be getting better and better after all the new stores get ready for the party.

If Padini business remain flat with no improvement, then the Fair Value for this counter for PE=12 should be around RM1.85.

However, never forget the 2.5sen dividend every quarter (due to the good reputation from the management, I assume they will give at least 2.5sen every quarter, forget about the special dividend). Then at Rm1.85, Padini dividend return is 5.4% (Quite good).

Plus, don forget the new stores opening which would further contributing into padini profit table. Hence, I believe RM2.00 target price for Padini is still very fair. Not to mention the dividend yield still hit 5% at RM2.00. If some big fish coming in, Rm2.40 is not a dream. Therefore, i will not consider to sell unless Padini hit RM2.30 and above.

I don know, I only suspect base on Tony Fernandes announcement and their balance sheet. The operating profit is flat as last year. So if last year got 24sen dividend, then this year if can get like 10sen also good la. If a dividend really declare, then RM3.00 is not a dream.

Let's we gather together and laugh at BullBear.. Haha.

Both FA and TA analysis show up-trend for Padini.

I think AA will declare dividend for 2103. Just wait and see.

With 215K shares, BullBear just make 11 cents of profit gain.

His average price around Rm2.28x215K=RM490K
His profit Rm0.11x215K=RM23650

Only 4.83%. Hahahaha. Bad timing and investment strategy.

The game just started. Take that BullBear, you made the wrong decision. hahahahahahaha

Tony Fernandes: "Bloomberg reporting error. Airasia is declaring a dividend. Operating profit flat with .last year. Cash very strong".

Toney Fernandes told @BloombergTVWrold dividend policy remains in place, confident of paying dividend for 2013.

It is 2.5sen dividend. The 1.5sen should be came from previous special dividend. They just put it in this quarter.