Posted by Sslee > 2018-07-28 08:38 | Report Abuse

Dear all,
To whom interest to know what had been discussed during the last year 55th INSAS AGM can refer to below link:
http://www.insas.net/pdf/img-20180514.pdf
No. 11: The Board has taken note of the shareholders’ comments and will seriously consider paying additional/special dividend and to formulate a formal dividend policy in FY 2018.

Thank you

Posted by godhand > 2018-07-28 09:57 | Report Abuse

why give dividend when they can invest better themselves. bbought some at 80c kept for a year

Posted by lizi > 2018-07-28 10:35 | Report Abuse

insas again, gosh....how many time people want to repeat about its inari stake?

Posted by lizi > 2018-07-28 10:37 | Report Abuse

all repeat about the numbers, but do u really like what insas is doing? its business?

Posted by Jon Choivo > 2018-07-28 11:10 | Report Abuse

It's cheap enough. Hahahahaha

Posted by Flintstones > 2018-07-28 11:44 | Report Abuse

Every few months there will definitely be people posting about Insas. It is the ultimate value trap and also a newbie trap

Posted by Flintstones > 2018-07-28 11:45 | Report Abuse

Those who analyze this stocks should look at its historical P/B ratio or any other valuation yardsticks to determine whether its true value was ever fulfilled

Posted by calvintaneng > 2018-07-28 12:09 | Report Abuse

Yes,

Very good!

INSAS always seek to multiply its Surplus Cash into useful investments

Last year INSAS bought Over Rm13 millions worth of DGSB shares from Omesti at 4.5 sen. At current price of 6.5 sen INSAS already made 2 sen or 44% in less than one year. This is excellent growth performance

See

https://www.reuters.com/finance/stocks/OMES.KL/key-developments/article/3702270

Warren Buffet's Biography called "SNOW BALL" is a good example. A snow ball grows bigger and bigger as it rolls down the hill slope.

And INSAS has been growing and growing since the days when it dealt with paper work. The BOSS of INSAS was so hands on and took the trouble to sell me INSAS company car to get a better price for the company.

As for dividend? Berkshire Hathaway of Warren didn't pay any. As dividend is subject to taxes Warren does not want dilution of value. So he just kept reivesting all proceeds to make Berkshire great.

Posted by TheContrarian > 2018-07-28 13:22 | Report Abuse

Special dividend coming.

Posted by Jon Choivo > 2018-07-28 14:15 | Report Abuse

My position is small. I can wait.

Posted by calvintaneng > 2018-07-28 14:27 | Report Abuse

I just read up Dynaquest Stock Performance Guide 2015 Ed

Insas has 20% investment in Gleneagles Medical Services

There are so many hidden treasures inside Insas. Really amazing that the market has totally overlooked and ignored its deep value

Posted by Sslee > 2018-07-28 14:38 | Report Abuse

Dear lizi,
Profit earned by Inari will be equity accounted to Insas. Dividend given by Inari will be treated as cash inflow to Insas. The best part is the holding cost of Inari by Insas is so low that Dato' Sri Thong is very happy to sell some everyear and report as gain from disposal of associate companies share so what wrong if people value of Insas by its Inari stake?
Thank you

Posted by lizi > 2018-07-28 15:52 | Report Abuse

Sslee, exactly what u said, he happily sell some every year..will this unlock the value? Will this "sell some every year" catalyst to the share price?

Posted by Sslee > 2018-07-28 19:31 | Report Abuse

Dear lizi,
Nope. But it take only one hostile take over to see how Dato' Sri Thong will response and unlock the value of Insas.
Thank you.

Posted by Koon Bee > 2018-07-28 21:26 | Report Abuse

Before invest look at the man control behind..it's Thong. Will Thong unlock value to let all small potato become rich? LOL

Posted by lizi > 2018-07-29 19:36 | Report Abuse

Dear Sslee, got insider news on hostile takeover? I personally think the chances is low. Private takeover by owner is more realistic, but this is not a good news to minority shareholder as takeover price may not be good. Therefore it is important not to increase your cost.

Posted by Sslee > 2018-07-29 21:12 | Report Abuse

Dear lizi,
I do not have inside news on hostile takeover but I did attend the last AGM and understand the dilemma of Dato’ Sri Thong. In one hand Dato’ Sri Thong cannot buy anymore Insas share as he is on the threshold of crossing over 33% and needed to prove to Bursa that he had the capital required to offer a GMO (What Datuk Tiah currently do to TAE).He is buying time and build up capital to do that.
If you look closely, only last 2 years INSAS became unreasonably undervalue because of Inari. 2016 NTA of RM 2.04 and 2017 NTA of RM 2.34. If you look into associated companies the book value for 2016 is 276 million and 2017 is 301 million whereas the market values of those associated quoted in Malaysia is value at 683 millions 2016 and 885 millions 2017. Coming year end June 2018 this value will easily break 1.4 billion. There are many sharks or wolfs around very soon they will smell the blood and go for a kill.
The coming AGM I will advice Dato’ Sri Thong he had been accumulating so much wealth into INSAS without sharing it with the minority shareholders. This wealth had growth so large that sooner or later it will attract outsiders to make a hostile takeover so be prepared.

Dear Calvintaneng,
I wish you should find time to attend Company AGM that you promote in the i3investor so that you can make friend with the board and have better understanding on the company. The 20% Gleneagles Medical Centre, Dato Sri Thong did explain this is for a special unit (Sengenics: Clinical genomics business) and the JV did not materialize and now is under members’ voluntary liquidation (Page 153)
Thank you.

Posted by TheContrarian > 2018-07-29 21:41 | Report Abuse

Yes Mr Sslee is right about the Gleneagles Medical Centre which is dormant and under voluntary liquidation.

Posted by TheContrarian > 2018-07-29 21:43 | Report Abuse

Notice that Dato' Thong has been aggressively selling off his own direct interest in Inari. Perhaps he is raising cash to do a "Tony Tiah" on Insas.

Posted by Fabien Extraordinaire > 2018-07-30 15:12 | Report Abuse

then bad news for us.

TheContrarian Notice that Dato' Thong has been aggressively selling off his own direct interest in Inari. Perhaps he is raising cash to do a "Tony Tiah" on Insas.
29/07/2018 21:43

Posted by Jon Choivo > 2018-07-30 17:04 | Report Abuse

Or maybe cause he think inari is overvalued lol.

Posted by Jon Choivo > 2018-07-30 17:05 | Report Abuse

I dont think tiah intends to buy out TA. he just do for fun.