No worries! Time to buy when others are fearful! You will be rewarded! Heheheheheheheh!!

Will 0.975 hold? Time will tell! Hahahahahahah!!

Folks due to the leakages which have caused uncertainties & negative sentiment in Benalec now the stock relentless tendency to regress towards its long-term mean. Will low at 0.86 hold? Hmmmmmm........!!

Optimism is denial, so face the facts and move on. It is wise to direct your anger towards problems not people, to focus your energies on answers not excuses.

An expensive lesson for those buying at a high price though!

When investing use your head & not to follow your emotions! Stock is cheap for a reason and will stay cheap for years to come as it slumping profit margins & uncertainties remain a problem for stock

If a business does well, the stock eventually follows. Benalec doing well? Hahahahahah!! So how now, folks?

Pity to those buying & stuck at a much higher price. In a desperate move seem that those stuck are encouraging others to buy in order to cushion the fall. Will this be enough to stop Benalec from falling further?

Remember folks, knowing a leakage & uncertainties would you buy this counter? Shares of stock lose value when company profits drop or investors believe that company profits will drop.

Careful now! Hehehe!!

Wakakakakak. Investors have short memories!

Wakakakakak!! Will Benalec share price be like a melting burning candle? Just wait & see! Wakakakakakakakakakak!

A small leak do sink a great ship! Now the big question: Can a leak in Benalec be the beginning of the end for future job prospect? The fact is that the leak in Benalec has caused investors to dump the shares not only slowly but also surely. Careful now folks! Heheheheheheheh!

Yes folks, should you find yourself in a chronically leaking boat, energy devoted to changing ship is likely to be more productive than energy devoted to patching leaks!

How now?

Ever wonder why Genting is a cash cow counter? Casino focus on profit! Same goes to stock investment, folks!

Remember folks, the stock market will always be more about capitalizing on dumb people than about investing in good companies.

Hahahaha........if this......if that!......how to invest with if? Remember folks, risk comes from not knowing what you're doing! Careful now!

Folks, Benalec is relying desperately on its land disposal transaction to mitigate the short-fall in marine construction activities. Last 2013 financial year, Benalec had sold 101.1 acres land with a total disposal of RM156.8 million and the group has another 400 acres remaining land available for sale.

In the Q1E for 2014, Benalec reported a loss & has failed to dispose some of its remaining land. Benalec recently reported its has terminated sale and purchase agreements for the disposal of eight pieces of land for RM54.3mil cash. Making matter worse for Q2E, Benalec’s outstanding orderbook remained low as it failed to secure any projects since the second half of 2012.

Latest news it has struck a land sale deal worth RM55,531,011.20 but will this be enough to bring investors positive sentiment back to Benalec? Remember folks, barring unforeseen circumstances, the Land Disposal is expected to be completed by the 2nd quarter of calendar year 2014. What if the land sale fail to materialise again? How?

Remember folks, buy when others are fearful! You will be rewarded!! Cheers!!!

Beware of the little expenses: A small leak will sink a great ship. Remember folks, should you find yourself in a chronically leaking boat, energy devoted to changing ship is likely to be more productive than energy devoted to patching leaks!

Careful now! Hahahahahah!!

Folks, are you buying a disaster on its way down thinking you are averaging your costs? Worse still with Fed taper news, Benalec should be under more selling pressure! Remember folks, risk comes from not knowing what you're doing! Careful now! Heheheheheheheh!!

With the Fed taper, will the funds trim their holding on this stock? Remember folks, if a business does well, the stock eventually follows! Benalec? Careful now!

1. Industry observers cite family interest as the reason for the board dropping the charges against Ah Chye, Tua Choon and Yongene in favour of an out-of-court settlement.

2. “Civil disputes, such as the non-disclosure of related-party transactions (RPTs), are internal issues of conduct, so the board can address them as it sees fit,” says a lawyer turned investor activist.

3. “But if the non-disclosure was material, especially if it resulted in secret profits, then it is quite serious. These issues remain whether or not the accused have resigned from their positions,” she says, adding that “a breach in regulations is something that the regulators ought to pursue even if the company has decided to drop the legal charges”.

4. In a statement to The Edge, Bursa Malaysia says: “We are looking into the matter. If there is any breach with regard to listing requirements, regardless of whether the company is taking action against the directors or they have resigned, we will carry out necessary follow-up action.”

In the business world, the rearview mirror is always clearer than the windshield!

Folks, if you think 0.975 is low, just wait & see! The investor of today does not profit from yesterday's growth! How?

Folks, instead of pursuing the charges in court, Benalec has signed a heads of agreement (HoA) with Ah Chye, Tua Choon and his son to settle all legal suits, disputes and claims.

Remember folks, it didn’t elaborate, apart from saying that it plans to come to a settlement in a month’s time.

This development has attracted attention to the company, which is majority-owned and run by the three Leaw brothers — group managing director Datuk Vincent Leaw Seng Hai, Ah Chye and Tua Choon.

Will this trigger the local funds sell further?

As of 31/10/2013:
1. KWP 55,539,700 6.88%
2. EPF 35,004,100 4.33%
3. Eastspring 16,500,000 2.04%
4. Amanah Saham Bumiputra 5,335,400 0.66%
5. Great eastern Life Assurance 8,185,870 1.00%
6. Permodalan Felda 4,000,000 0.48%
7. Tabung Amanah Warisan Johor 1,431,600 0.17%

1. The termination of two directors is a negative surprise!

2. Q1E a loss. The decrease in revenue was mainly due to lesser progress of works recognition from the Pulau Indah and Sentosacove project.

3. Benalec is relying on its land disposal transaction to mitigate the short-fall in marine construction activities. In current financial year, Benalec had sold 101.1 acres land with a total disposal of RM156.8 million and the group has another 400 acres remaining land available for sale.

4. Latest news, Benalec has terminated its sale and purchase agreements (SPAs) with Highbond Capital Sdn Bhd and Gigayear Revenue Sdn Bhd for the disposal of eight pieces of land for RM54.3mil cash.

5. Worst still Benalec’s outstanding orderbook remained low as it failed to secure any projects since the second half of 2012. So how will the coming quarter be? Good, bad or ugly?

Investors have short memories!!

Will the share price test the critical support level at 0.87? Will it create a new lower low? Are you ready for that? All of this raises the question: What do the CEOs know that we don’t?

Hmmmmmmmmmmm........How?

Folks, are you buying a disaster on its way down thinking you are averaging your costs? Remember folks, risk comes from not knowing what you're doing!

Careful now!

Will Benalec create new lower low? Will you see your share pick up again or see your money melt down like a burning candle?

How now, folks?

A falling knife in the making? Careful now!

Remember folks, buy when others are fearful! Have you?

Only when the tide goes out do you discover who's been swimming naked!

Remember folks, Benalec falls to record low after Q1 losses. The decrease in revenue was mainly due to lesser progress of works recognition from the Pulau Indah and Sentosacove project.

Benalec is relying on its land disposal transaction to mitigate the short-fall in marine construction activities. In current financial year, Benalec had sold 101.1 acres land with a total disposal of RM156.8 million and the group has another 400 acres remaining land available for sale.

But now Benalec has terminated its sale and purchase agreements (SPAs) with Highbond Capital Sdn Bhd and Gigayear Revenue Sdn Bhd for the disposal of eight pieces of land for RM54.3mil cash.

Worst still Benalec’s outstanding orderbook remained low as it failed to secure any projects since the second half of 2012.

So how will the coming quarter be? Good, bad or ugly? Careful now!

Folks, the unexpected removal of the executive power of two executive directors has led to uncertainties in the group's operations!

All of this raises the question: will there be a family feud after their resignation?

Will it close below 1.00? Will the critical support level at 0.86 hold? Will it create new lower low?

Just wait & see, folks!

Risk comes from not knowing what you're doing!

Why hang on to share that is depreciating? Hoping the share would pick up again? But this is a very practical way to see your money melt down like a burning candle.

How?

13/12/2013 TP 1.25 KENANGA
13/12/2013 TP 0.93 CIMB
13/12/2013 TP 1.31 AMMB

Will the crirical support level at 1.00 hold? Careful now!

Year to date, Benalec is down 37 sen or 26.6% from Dec 31, 2012 close of RM1.39. The counter’s intra-year high was RM1.55 on June 4 and its lowest was 87 sen on Nov 29.

Can it get cheaper once everybody rushing in panic to dump this counter? Time will tell!

Only for me to know & for you to find out!

Hahahahahah... with the ongoing issues definitely not so soon! Waiting for "a steal" buy!

Remember folks, if something is a steal, it costs much less than it is really worth.

How much longer will the critical support level at Rm1.00 hold? Will the persistant selling subside?

Remember folks, risk comes from not knowing what you are doing. If in doubt, stay out!

Folks, seem this counter relentless tendency to regress towards its long-term mean.

Remember folks, you don’t need to incur lots of risk in order to perform quite decently.

Shares of stock lose value when company profits drop or investors believe that company future profits will drop.

Why hang on to shares that are depreciating? Hoping the shares would pick up again? But this is a very practical way to see your money melt down like a burning candle.

Careful now!

Benalec has decided to drop all legal charges against 3 family members after 2 of them resigned form the board.

But Bursa has been looking into the matter if there is any breach with regard to listing requirements, regardless of whether Benalec is taking action against their directors or they have resigned.

So folks, all of this raises the question: will the tussle end there? Careful now!

Well, bought at 0.920 & disposed last week at 1.040!

Tanjung Piai project, further extended the deadline of the sales and purchase agreement from Dec 12, 2013 to June 11, 2014. This was the second extension of the deadline. The first deadline in June 2013 was postponed to Dec 12, 2013.

Folks, this delay is not totally unexpected as there have been limited leads on the progress of the SPA recently. However, investors are disappointed that no meaningful progress has been made since June 2013.

Remember folks, beware of the little expenses; a small leak will sink a great ship. So all of this raises the question: What do the CEO know that you don’t?

Careful know!

Benalec has cancelled its sale of land for Rm54.31mil.

But Benalec had said earlier that it planned to use the proceeds from the sale to finance its ongoing projects & to meet its working capital requirements!

In the business world, the rearview mirror is always clearer than the windshield. How?

To those still holding this counter:

When Maybank Investment Bank Bhd (Maybank IB) ceased stabilising action for AirAsia X Bhd (AAX) on Aug 7, many investors were unhappy with the decision of the investment bank, which acted as stabilising manager, as its inaction had indirectly led to the share price falling below the initial public offering (IPO) level.

The bank still had some 53 million shares available for purchase under the price-stabilising mechanism during the nine days before the 30 days were up, but did not continue to acquire the shares.

Maybank IB ceased stabilisation on Aug 7, the last trading day at the end of the maximum stabilisation period allowed under Securities Commission guidelines.

Instead, Maybank IB exercised the over-allotment option for the remaining 45% and returned proceeds of some RM66.2 mil to share lenders, in this case Orix Airline Holdings Ltd and Menara Malaysia I Ltd. Tan Sri Tony Fernandes is the controlling shareholder of AAX.

Maybank IB would have purchased a total of 118.5 million AAX shares from the price-stabilising action of 65.53 million shares and the exercise of the over-allotment option, fully covering the number of shares that had been over-allocated in the IPO exercise.

The 118.5 million shares represent 15% of the total number of IPO shares over-allotted in the exercise.

All of this raises the question: Why??

Risk comes from not knowing what you're doing! Remember folks latest from CIMB TP at 0.93! Will it price get lower than the TP? Will 0.87 hold? Careful now!

View here: http://www.theedgemalaysia.com/business-news/267332-cimb-research-downgrades-benalec-to-reduce-lowers-target-price-.html

Will AA take off in Indian skies by February? Hmmmmmmm..!!

Read here: http://www.moneycontrol.com/news/cnbc-tv18-comments/airasia-to-take-offindian-skies-by-february_1007206.html

Latest: CIMB Research has downgraded Benalec Holdings Bhd to a Reduce (from Hold) at RM1.01 with a lower target price of 93 sen.

Investors become emotionally attached to a stock and overlook the company's shortcomings. Whatever the reason loving a stock, separate your emotions from the hard reality that it may be time to sell.

Careful now folks! Selling should set in soon.

Advertised on 6/12/13: Senior Contract Execuetive / Asst. Manager with Benalec, anyone?

Family tussle has triggered exodus of senior staff? Hmmmmmmm!!

http://www.jobstreet.com.my/jobs/2013/12/new/b/10/2123425.htm

Land for sale here: http://www.propwall.my/classifieds/1688934/melaka-malaysia-land-for-sale-by-benalec

Happy investing folks!

10/12/2013 TP 1.31 AMMB
27/11/2013 TP 1.39 KENANGA
27/11/2013 TP 1.10 CIMB

If stock market experts were so expert, they would be buying stock, not selling or giving advice. How?

1. Remember folks, the change in management & lawsuits will affect market sentiment for benalec.

2. Benalec Holdings Bhd is relying on its land disposal transaction to mitigate the short-fall in marine construction activities.

3. Latest, the BoDs had on 10 December 2013 issued a notice to the Purchasers to terminate the SPAs due to the Purchasers’ failure to settle the payment of balance of land sale consideration amounting to RM48,883,075.56.

So folks, will the Q2E ended 31/12/13 be profitable? Careful now!

Shareholders

Oceancove SDn Bhd 426,780,400 52.9% (17% Tua Choon, 17% Ah Chye & 17% Foo Polin)

KWP 55,539,700 6.88%

EPF 35,004,100 4.33%

Eastspring 16,500,000 2.04%

Amanah Saham Bumiputra 5,335,400 0.66%

Great eastern Life Assurance 8,185,870 1.00%

Permodalan Felda 4,000,000 0.48%

Tabung Amanah Warisan Johor 1,431,600 0.17%

Shares of stock lose value when company profits drop or investors believe that company profits will drop.

Whatever the reason loving a stock, separate your emotions from the hard reality that it may be time to sell.

Why hang on to shares that are depreciating? Hoping the shares would pick up again? But this is a very practical way to see your money melt down like a burning candle.

So how folks?

Tanjung Piai overhang: Its share price is languishing at an all-time low, likely due to the uncertainty of whether the sale and purchase agreement (SPA) for the Tanjung Piai reclamation works can be signed by end-2013. At this juncture, negotiations are ongoing, with no meaningful leads - CIMB

So folks, without project benalec got to sell land but that in not their nature of business. If there is no more land to sell, how?

In the business world, the rearview mirror is always clearer than the windshield!