Someone's pissing with this stock. Pushing it down to collect?

But then, I suppose you can close production lines even faster than you can get them up and going. Let them remain idle until the next pandemic.

Just at the time when global supply doubles or triples, the pandemic will be gone.

Bonus would capitalise retained profits, making them non-distributable as dividends.

Will it open at 8.50?

Its taking a rather long time to make an announcement.

Will break new high within 2 weeks.

HSR is a distant factor, construction would not begin for years.

Results are out

Looking at other construction companies that reported a month ago may offer some clues.

Doesn't look good, does it? If there's any sort of good results or write back, price should be moving up now.

Nice close at high for the day. Vol > 2m.
If can go above 0.40 before results, expectations may be realised.
Keep your eyes peeled.

Turning ...... turning ......

Expectations are high buy it hasn't budged.
It should start moving up as August progresses.
Good luck guys.

What I mean is, write-back or no write-back, it's already in the share price.

What matters is whether the power plant generates cash and profits for the company. Irrespective of book value of the asset. Right?

Winefficietly,
Isn't write-back of assets merey a book entry? There is no cash involved and It does not affect the overall health of the company. Is this correct?

I mean, company will definitely be looking for another such project. The Laos govt has plans up and down the Mekong.

Hydroelectric dams are in vogue. They provide clean energy.

Execution was excellent all the way.

Hey guys, why not consider what the company will do next now that this massive project is completed? You don't just sit around and do nothing with all that expertise, do you?

Win big when you're right. Lose small when you're wrong.
Mudajaya otw to 1.00.

Agreements signed. Nothing more needed to reverse impairments.

Thank you, Wine.
There is a good case of a reversal of impairment, don't you think?

Those who have the expertise, please advise:

The power plant has been written off completely, book value is zero. But it is generating income now, giving the company a regular revenue stream.

How can a revenue stream be genetated by an asset of no value? It is not possible. This must be corrected. There must be a write back at some point, correct? The auditors would insist, won't they?

Insas and Inari on the verge of a big ascent.

I month for Insas to reach 1.30; wb to reach 0.30

Think about why those who bought the warrants are not queuing to sell.

Think about this: if you are the controlling shareholder, what would you do? What you can't afford nog to do?

Tomorrow 20m

Pay attention to inverted Head and Shoulders.

Major 3rd and most powerful wave well in progress. Mini wave 2 which is a consolidation of mini wave 1 now complete. Next wave is upward mini 3rd of the major 3rd. This will be powerful and take price to around 70.

Back in 2009, it was a project on paper. Now it is up and running.

If tomorrow close above 43.5, then 3rd wave is further developed. Buy on both technicals and fundamentals.

End of 5-wave pattern around 1.00.
Haha, don't hold me to it.

Hello, chartists out there. Eliot wave theory. Isn't this the beginning of the third and most powerful wave? Tested support yesterday and today at 39/40 which was the previous high. Once support is confirmed, target 70-80 before 3rd wave ends.

Think about it. When project was launched 10 years ago, share price shot up to 4.50. Nothing concrete, many ifs anc buts, much risks. Now all 4 units producing. 40 sen??!! Riduculous to the extreme. Ok, sold part of the project. But still ridiculously cheap. 1.00 in the near term, at least!

There is light at end of the tunnel. All 4 units are producing. Revenue streams should be more than enough to pay interest and loans on India PP.
When project was announced 10 years ago, share price shot up to 4.50. But 1.50 is good enough for me.

2 sen interim div per quarter plus a final div?

2 sen is an interim div.
Presumably there will be a final div to follow.

For those who question Insas's shareholding in Inari Amerton - this is extracted from Inari's 2016 Annual Report:

SUBSTANTIAL SHAREHOLDERS AS AT 22 SEPTEMBER 2016

NAME / NO. OF SHARES OF RM0.10 EACH / %
Dato’ Sri Thong Kok Khee / 206,954,400 / 21.58
Insas Berhad / 203,705,650 / 21.24
Insas Technology Berhad / 166,928,625 / 17.40
Kumpulan Wang Persaraan (Diperbadankan) / 65,151,450 / 6.79
Employee Provident Fund Board / 86,633,627 / 9.03

Insas & Insas Technology hold a combined 38.64%, unless something's changed since Sept 2016

TKK owns 21.58%

Insas own 21.24% of Inari
Insas Technology own 17.4%

HOW TO DOUBLE THE PRICE OF INSAS OVERNIGHT

In case Thong Kok Khee wants to know, it is EASY (!!)

DISTRIBUTE INARI SHARES TO SHAREHOLDERS.

Insas and Insas Technology own altogether 38.6% of Inari Amerton Bhd (2.12). This is worth 1.63b to Insas shareholders or 2.15 per Insas share (!!!!)

Insas price will double overnight, assuming everthing else is worth nothing at all.

PROBABLY THE CHEAPEST STOCK IN THE MARKET

How cheap is Insas?

EPS for the last Qtr was 9.9sen. There is reason to think that this level of earnings is sustainable going forward. At current price (1.09), forward PE is just 2.7X (!).

Insas can be considered debt free. Net cash is 270m or 0.39 per share. This is more than enough to cover the 132m RPS redeemable in 2020. At this time there is no need to worry about the dilution of the 265m outstanding warrants expiring also in 2020. There is 1.00 conversion price to be collected anyway.

Net cash 0.38ps., 2,7x PE. Is there a cheaper stock in the market?

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The stock was a SELL when they sold the Mall.

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Some of you have quoted an analysis of the results. Do please give us the link(s). Thanks.

No doubt GOB is cash rich. But I am seriously concerned about top line revenue in the quarter, only 36m, down from 121m in the corresponding quarter last financial year. Why so low? Houses in Batu Kawan not selling?

I have noticed some other developers have also reported serious revenue declines. The property market downturn seems really bad!

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That announcement is old news. Have integrity with what you write. Now I wonder who you work for ...

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You talk about announcement. What announcement??!!

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Must test resistance-turned-support at 0.615 before going up further.