slts They r genuine forrumers here who r willing to share. so we all can make money together. Meticulously prepared calculations followed by financial analysis r put forth on this stock so as to substantiate wht they r saying.

Hold this stock at least till Dec. .Already year end. So buy wht we can afford. Don't contra big time and lose. And say 'we got conned'. Not nice to see such postings even if u r joking. Anything in the BS which I hv gone thru and which u don't see it right, post it here. Will argue it out. I am CFA by training and was an Auditor. Grant Thornton is their Auditors and I know the whole bunch of them. Well reputed.

Remember there is no hard sell on this stock. Most of us r not holding major shareholdings in the co. Just small time investors who does not want to miss out on an opportunity. that's all. good luck bro

Ng Ying Ying, Wait and watch the first 20 mins of the trading pattern. There is no confirmation from PETRONAS on the 'T&I" deal and the recipients thus far. Only hearsay and rumours. According to Maybank research house, the stock price on an 'as where it is' basis is Rm 1.45. Its already there. Until they get the 'T&I', the price need to be revised.upgraded, There r about 6 bidders, if I am not mistaken for Package A

if u hv gone in around Rm 1,26 - Rm 1.30, there is a margin of safety. If not watch and decide.The decision is entirely yours. Little tricky from this price onwards, unless u can do the 'Usain Bolt. Good luck

Nobody got cheated in this stock today. Anyone who bought it with the intention to invest in the company will be rewarded in due course. Only the punters, expecting an early Christmas present got cold feet and sold-out. They got the Christmas 'cold turkey' instead. Most r now sour grapes lookin at the losses. and posting 'this and that' about this stock. Some r waiting it out for another 3 days
All the valuable financial postings on the goodness of this stock by all the renowned sifus in this forum was lost. Greed took over, contra. hit and run ma. Good riidens to bad rubbish!. Thks to the In-built 'KLSE flushing system'.

Holders of INSAS stocks have all to gain. Just a temporary retracement. We got the whole week and till Dec end to see the actual performance

roslam post: Biggest winner still lagging compare to two others
02/12/2013 15:31

psd57: roslam why? don't make sence
02/12/2013 16:09

?? puzzling

last minute push. All 1.41 taken up. Hope it is not a distribution around among the operators for sale tomorrow.

got a feelin not favourable deal. Could be like the previous PETRONAS announcement. The operator is already in selling bro!

roslam why? don't make sence

1n1792 Well kudos and thks to David Koay for the enlightment.

good first half performnce

qweilo. agreed

we cannot blame investors who sell and take profits at various levels. Each Investor has own low-cost entry levels, and their targeted ROI. Once realized, they cash out. Remember its almost year end and we all have our expenditures to meet. So any pullbacks should not alarm us, its healthy anyways, before the price push forth. But the reality is that, we have a 'gem' here, and lets not miss the opportunity. MY OPINION. NOT A CALL TO BUY/SELL.

I know the co potential and will keep it as my medium term i.e 6 mts portfolio), starting from 1st July 2013. Lets see the price end this month. I got 100k shares averaging @Rm 93.5c

This counter for investors not punters. Ppl who r not able to read and understand the financial worth of the co, will have a lot of rubbish to say. Read the threads by the sifus who r aware of the co's worth and be comforted. No need to like at the screen every second, unless u want to make a reasonable entry.Like I said in my earlier thread, with or without privatization the co's FV is RM 2.50. Happy trading

looks like gap up today

thks for the meticulously prepared postings in all these e forums. Your name here is synonymous with 'par excellence'. Its a brand

Barakah is for investors not punters!

gweilo. I agree with u. Tomorrow INSAS will perform well !, I mean a double whammy soon

Arbitration is a long drawn out situation, PUNCAK wants the value at 15x ROE now. Possibility of a deadlock here. To further complicate matters is the atrocious salary rise for MB and his band of 'intellectuals. It shows that the State has the money. Pay the right value to PUNCAK and solve once and for all the state's water woes.

gweilo post: Correct. That's why I said I would not sell for less than 2.35 on an insider buyout.
01/12/2013 14:39

gweilo, u r right smack on the money bro! Why stop at FMV of Rm 2.50. Its only a ballpark bargain figure. As u have mentioned earlier that the asset revaluation of INARI has not been booked yet. We can add another 50c premium or more and bargain our hearts out. The SELLERS CALL NOW!! Lets see the action on monday

gweilo, u r right smack on the money bro! Why stop at FMV of Rm 2.50. Its only a ballpark bargain figure. As u have mentioned earlier that the asset revaluation of INARI has not been booked yet. We can add another 50c premium or more and bargain our hearts out. The SELLERS CALL NOW!! Lets see the action on monday

thks to renowned sifus such as kcchongz,mktwatch mikekong,and OBT for their far sightedness in highlighting INSAS much earlier. We r merely their humble followers tryin to make a buck and a half.

INSAS: Why this ‘hidden gem’ is in the radar of most Investors:-

A. Financial Year Ending (FYE) 30 June 2013:-

(I) Revenue - Rm 297m
(ii) Net Profit - Rm 64.5m
(iii) Retained Earning - Rm 252.4m
(iv) EPS - 9.14c
(v) *NTA/BOOK VALUE - *Rm 1.49

B. Q1 September 2013:-

(i) Revenue - Rm 72.5m
(ii) Net Profit - Rm 59.6m
(iii) Retained Earning - Rm 311.8m
(iv) EPS - 8.87c
(iv) *NTA/BOOK VALUE - *Rm 1.63

C. Analysis

(i) INSAS has made a NET PROFIT for Q1 Sep ’13 of RM 59.6m, which is 92% of what they made in the previous FYE 30/6/2013 of Rm 64.5m. We got 3 more quarters to go in the current financial year. This definitely is a WOW!

(ii) EPS 8.87c (Q1Sep’13) v EPS 9.14c (FYE 30/6/2013)

(iii) As at 28 Nov, INARI shares trading at Rm 1.54. INARI’s Market Capitalization as at 28 Nov 2013 is 1.54 x 331,608,700 shares = RM 510,677,398. INSAS 36.44% stake in INARI = RM 186,090,844. This translates into RM 186,090,844 / 693,334,000 INSAS Shares = RM 0.268c. INARI is going places, so is the NTA/BOOK value of INSAS.

(iv) Using a ballpark PE of 7x; annualize Q1Sept’13 EPS of 8.87, we get the value of INSAS share at 35c x 7 = RM 2.48c, round it up to RM 2.50.

***Privatisation or no privatisation, this is INSAS FMV RM 2.50 as it stands now. This is the PURE FACTS. It is my opinion based on INSAS sound financials. Not a call to BUY/SELL

INSAS GAMES : ‘CATCHING FIRE’

Why this ‘hidden gem’ is in the radar of most Investors:-

A. Financial Year Ending (FYE) 30 June 2013:-

(I) Revenue - Rm 297m
(ii) Net Profit - Rm 64.5m
(iii) Retained Earning - Rm 252.4m
(iv) EPS - 9.14c
(v) *NTA/BOOK VALUE - *Rm 1.49

B. Q1 September 2013:-

(i) Revenue - Rm 72.5m
(ii) Net Profit - Rm 59.6m
(iii) Retained Earning - Rm 311.8m
(iv) EPS - 8.87c
(iv) *NTA/BOOK VALUE - *Rm 1.63

C. Analysis

(i) INSAS has made a NET PROFIT for Q1 Sep ’13 of RM 59.6m, which is 92% of what they made in the previous FYE 30/6/2013 of Rm 64.5m. We got 3 more quarters to go in the current financial year. This definitely is a WOW!

(ii) EPS 8.87c (Q1Sep’13) v EPS 9.14c (FYE 30/6/201)

(iii) As at 28 Nov, INARI shares trading at Rm 1.54. INARI’s Market Capitalization as at 28 Nov 2013 is 1.54 x 331,608,700 shares = RM 510,677,398. INSAS 36.44% stake in INARI = RM 186,090,844. This translates into RM 186,090,844 / 693,334,000 INSAS Shares = RM 0.268c. INARI is going places, so is the NTA/BOOK value of INSAS.

(iv) Using a ballpark PE of 7x; annualize Q1Sept’13 EPS of 8.87, we get the value of INSAS share at 35c x 7 = RM 2.48c, round it up to RM 2.50.

***Privatisation or no privatisation, this is INSAS FMV RM 2.50 as it stands now. This is the PURE FACTS. It is my opinion based on INSAS sound financials. Not a call to BUY/SELL

INSAS GAMES : ‘CATCHING FIRE’

According to Fund Managers, INSAS, is the 'preferred stock' that has attracted the interest of investors now. The game is on next week

TESSA don't post old links pl

28/11/2013 11:19

Ryan11 Post: Barakah has got LOA of TNI contract from the PSCs..it's just a matter when will they declare it to shoot the price up to RM 1.80. I have been accumulating this stock at 1.00, 1.24, 1.32.. RM 2b job for the next 3 years. Still not to late to pick up at current RM 1.40. Without the TNI job they even perform well posting net profit of RM 41m increased from RM33m in 2012

Read the above link. Don't listen to rumours and wait for the 'T&I'contract announcement from Barakah. it is good and u will know next week for sure.

http://klse.i3investor.com/servlets/ptres/19788.jsp

the stock is sound with strong financial fundamentals.. look at the balance sheet. A hidden gem! Don't be misled. Look at the BURSA on Monday, the market don't lie

Posted by our renowned sifu, kcchongnz:
Nov 1, 2013 09:24 AM | Report Abuse

Insas and Graham Join in late at 0.685 but still more than 50% to NAV. Another excellent FA by kcchongnz

In 1932 at the bottom of the Great Crash, Ben Graham wrote an article on Forbes about the cheapness of the market and how companies are being quoted in the market for much less than their liquidating value, as if they were all destined to be doomed. He called these types of stocks, "net nets", companies that sell for less than its net current asset value, or net net working capital. Graham used the following formula to compute the liquidation value of a company.

Net Net Working Capital = Cash and short-term investments + (0.75 * accounts receivable) + (0.5 * inventory) – total liabilities

It's the lowest form of valuation you could possibly do because it ignores everything about the business and just focuses on tangible assets. The formula states that;
• cash and short term investments are worth 100% of its value
• accounts receivables should be taken at 75% of its stated value because some might not be collectible
• take 50% off inventories, due to discounting if close outs occur

Insas’s latest balance sheet as at 30 June 2013 was used to compute the net tangible asset and Graham net net values. Besides cash, the net net values of quoted and unquoted investments owned are also taken as 100% of the book value. Note that tax assets, property, plant and equipment, Goodwill and “other assets” are taken as worth nothing.

The appended table shows that the Graham net-net value of Insas is RM1.23. This is more than twice its closing price of 64 sen on 30 October 2013.

Besides Insas has been profit averaging 6 sen per share for the last 10 years. It has on average positive free cash flow and a healthy balance sheet.

Why is Insas trading at such a big discount to its Graham net net value? I guess is investors have not much trust in the management in maximizing minority shareholder value. No dividends have been declared until recently, although it has been buying back its shares.

So with the beginning of this more tangible dividend distribution, will Insas be re-rated in accordance with its value?

Insas Graham net net (693,334,000 shares)
Cash and equivalent 532,894 100% 532894
Investments 120,290 100% 120290
Investment properties 151,432 100% 151432
Associate companies 90,145.63 100% 90146
Receivables 345,289 75% 258967
Inventories 15,830.73 50% 7915
PPE 59,765 30% 17929
Other assets 43,503 0% 0
Total assets 1,359,150 xxxx 1179574
Total liabilities -325,949 100% -325949
Net assets 1,033,201 xxxx 853,625

No. of shares 693,334 xxxx 693,334
NTA/NBV 1.49 xxxx 1.23; NTA IS ALSO THE FAIR VALUE
04/11/2013 11:15

THE INSAS GAME: 'CATCHING FIRE".

gweilo: When the "messiah" speaks ppl turn a deaf ear, until the truth is starring right at them. Catch INSAS before it flies next week.

possibility of a "limit up'

next week is declared 'INSAS" week

http://www.btimes.com.my/Current_News/BTIMES/articles/20131130003444/Article/index_html

way to go

mikekong good afternoon. Bght INSAS at 96c(50k) yesterday. Lookin at the trend. if favorable will buy another 50k on Monday. I am not sure whether to conta or keep at least 50k. Cash tight, wife and children telling to cash out for the much awaited vacation. I guess they need and deserve a break.

mike, just got back from lunch. will look at 932kaki forum now.

Calvin: 'Sufferings (tough times) produces Perseverance & Perseverance Character & Character Hope & Hope does not disappoint' - Rom 5: 1-5. Let this awaken in u why he leads or allows us to through trying situations beyond our control. The end is always 'JOY"

Hope this ' cash payout' is wht we will be hearing from this co soon after all ur persistent info and inspirations, and I 'mean its hard to count.'. I will go in at a reasonable price. I hv benefited earlier from the higher price of 35c. It was a euphoric situation then and I hope this situation repeats again soon for all my fellow brothers sisters who hv invested in this counter. God Bless

Its just like Astros's re-listing at 24x historical earnings ( pity the small shareholders'!) ; and the recent 7- Eleven Convenient Stores expected listing, cancelled by Bursa cos it is priced at 30x historical earnings. BURSA is looking closely at some of these IPOs !!

Billionaire 'lingam' and the 'Emir' of Pulau Indah has priced the IPO at a premium. With P3 imminent alliance, less business here. Read between the lines.

roslaom, why is PETRONAS not announcing this? collecting still

mike. My apologies, just went in to buy 50k at 0.96c. Thks

mike, r u selling insas.No sigh of u in this forum today. I asked u yesterday whether to buy insas. No rely from u.

mike ur insas flyin

mike, what is ur verdict on Insas? is it on an uptrend, looks like. Can I buy tomorrow and dump next week. What price r u expecting thru ur TA next week. Financially it sound from all angles and trading at a discount to its NTA of 1.23.

mike and hepitrade, The latest I heard is Barakah has outbid 8 other bidders including SKPetro and Puncak group for Package A of Pan Malaysia 'T&I'. Look at this stock tomorrow

leslieroycarter, which timezone r from anyways? Read the RTO of Barakah first b4 u open ur trap and look silly please

hepitrade The latest TP by maybank is RM 1.65.

mike, Thank god. Its he who gives and he who taketh. Holdin barakhah 100 lots @ average 1.26 & 10 lots takaful at average Rm 10.00. Barakah is all talk of them already in the lead to being awarded the much awaited 'T &I' job of Rm 2b ( Packade A - pipelay). Either main con ( so much better) or 3rd party contractor.