2 people like this.

10 comment(s). Last comment by joetay 2017-10-07 22:50

Posted by PurplePain > 2016-05-03 07:52 | Report Abuse

Buy insas whn its main value inari is dropping u sure?

TheContrarian

9,507 posts

Posted by TheContrarian > 2017-10-07 21:30 | Report Abuse

This was the article written by Calvin which drew my attention to Insas. After studying Insas share movement for weeks I finally went on to collect Insas shares at prices ranging from 65 - 68 sen. Thank you Calvin.

joetay

3,737 posts

Posted by joetay > 2017-10-07 21:51 | Report Abuse

never knew insas is linked with inari.

btw, i have been holding inari since 2013.

anyway @TheContrarian, is insas worth a punt????

seems like calvin can give some good picks accidentally sometimes.

lol............

TheContrarian

9,507 posts

Posted by TheContrarian > 2017-10-07 22:07 | Report Abuse

I too didn't know Insas owned 20% of Inari until I read Calvin's write up. Insas is one of the many deeply undervalued stocks. No one knows when it will stage a rally, so the success of any punt will depend on the timing. The reason I held on Insas is because of Inari. Without Inari, Insas is an average stock. But with 400 million Inari shares reflected in its accounts as only around 55 sen apiece, it has deep hidden values. Moreover the NTA without the unrealized gain of Inari shares is already in excess of RM2.30.

nekosan

3,637 posts

Posted by nekosan > 2017-10-07 22:17 | Report Abuse

sohem Calvin as usual.

joetay

3,737 posts

Posted by joetay > 2017-10-07 22:26 | Report Abuse

yup, the unrealized gain shld be ard 2.3 assuming insas cost is ard 25sen ex-ri and ex-bonus.

TheContrarian

9,507 posts

Posted by TheContrarian > 2017-10-07 22:32 | Report Abuse

RM2.30 is the current NTA with Inari valued at around 55 sen.

TheContrarian

9,507 posts

Posted by TheContrarian > 2017-10-07 22:33 | Report Abuse

55 sen is after adjusting for rights and bonus.

joetay

3,737 posts

Posted by joetay > 2017-10-07 22:50 | Report Abuse

yup, 55sens sounds abt rite.

i remember there were 2 rds of ri and 2 rds of bonus issues if not wrong in the past 3-4 yrs i m holding the stock. i remember i have to top up quantity of the stock in the second ri becos of the ratio.

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