After selling Insas at an average price of RM1.30 in January I used the proceeds to mainly buy KPS from 82 sen down to 74 sen (average price 79 sen). People who are trapped in Insas lose out buying other counters to generate further gains.
Repost: Mar 28, 2024 8:32 AM | Report Abuse If you only used forward earning or EBITDA multiple or ROE to value a company then a high debt or even negative equity company like CapA will come out on top.
Insas after back door listing (RTO) of M&A now only have money lending Insas credit and leasing.
Insas is an investment holding company with billion in cash and billion in Inari holding alone. Then why people don't value Insas on NAV like icapital? Know what is the ROE of icapital?
Those trapped in Insas, don't worry, I assure you, no, I guarantee you ....... one fine day Insas will go beyond RM1.35, so eventually everyone will stand to make gain. However, those trapped in Insas-WC, it will be worthless after February 2026, less than 2 years away. Don't be like Leno, trapped in Insas-WC.
The last time Insas share price touched 1.10 (and only briefly) was on 11th March. It has been 18 days. But everytime Insas touches 1.08 someone gets very excited.
Now as a man is like this or like that, according as he acts and according as he behaves, so will he be; a man of good acts will become good, a man of bad acts, bad; he becomes pure by pure deeds, bad by bad deeds;
And here they say that a person consists of desires, and as is his desire, so is his will; and as is his will, so is his deed; and whatever deed he does, that he will reap.
Anyone holding 2.5% can give notice of at least twenty-eight (28) days to company secretary before insas next AGM under Section 322 of the Companies Act 2016 to move the resolutions: (Any resolutions for shareholders voting during AGM)
Pursuant to Section 323 of the Companies Act, a motion may be requisitioned by shareholders if it is requisitioned by:
(i) members representing 2.5% of the paid-up capital with voting rights; or
(ii) at least 50 members with the right of vote, where the average paid-up sum for each member exceeds RM500 per member.
Yes. As long as you give notice of at least twenty-eight (28) days to company secretary before insas next AGM/EGM to include in your submitted resolutions to be vote by shareholders during AGM/EGM.
Both my mother share and warrants turned marginally green today...thanks to averaging down at 0.235. Now what. Hold cos good value? Run cos everyone uber negative? Buy cos chart turning up?
Resolution to propose increase in Div? No not meaningful. At this huge gap in valuation - any proposal should be to force a SBB followed by share cancellation. Or force a distribution of Inari shares, like MYEG-AGMO. Dividends is most useless when the gap is so wide
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Andre Kua
421 posts
Posted by Andre Kua > 2024-03-29 12:02 | Report Abuse
No shareholders here but still a lot of hooos haaas... still holding to my Insas...