It is not about worth or not worth. There are many good counters NAV higher than this one. But there share for long time never come back, for years. I also burned at 1.40. Average down is a lie. Lok at Hexagon - it becomes - NAV after putting hope for years. Now its a super 0.04 cents counter.
I agree with yipcoolseng. Just take it like the money is gone. Dont put much hope, A family business always like that. I hate myself not follow my own rule of thumb, never invest in unknown management company.
when the price stop drop, all experts appear and said buy back...this is not technical rebound.internal issue really bring harms to reputation of this company.nobody dare to hold for long term now. if today bounce back to 0.92,i am sure this is called technical rebound.let;s see what happen next week.
for now,biggest issue is project tanjung piah. if no further progress, the price will continue to drop.so anyone dare to buy in now,the deadline is 11 Dec for signing agreement.all directors need money to fight the lawsuits, they will dispose in open market.i read thru annual report and noticed the operating expenses for future development increased compare to last few years due to cost of reclamation works and research on Tanjung Piah.now 3 brothers broke up,how they can sit down and discuss for future in harmony atmosphere.
Fund managers have not really sold heavily yet. KWAP waiting to sell more very soon. Br careful in your trading. Better to cut loss and sell all Ben shares. Later can always buy back at much lower price.
If KWAP is selling,then shall be not much share leave. if main shareholder is selling due to some hiden company issue.then don,t know whenthe selling will end. Be carefully since this company ntegrity is so poor.
Tis stock similar like Petra Perdana! But don forget PP @2.20 down to @070. Settle down then take about 2yrs coming back to @1.98..Benalac drop 60% from @1.10 then can go in & keep it. (@ 0.66)
technical indicator is useless now.every support price was broken since last 2 weeks.but i think the price won't drop below 80cents before year end.catch last wave of rebounce before fall under 80c.
no more floor to stand on. Ben price will keep on dropping until those two dishonest brother are kick out of Ben. I will not touch Ben if board of directors still keep those two dishonest brother. Better buy other stock like Karex and etc.
Securities Commision should act now!!!!. What are they doing when the Datuk Datuk Penipu are swindling money.Show the world what Malaysian authorities can do,to safeguard investors?????.
Looks like major shareholders are not supporting this counter. At Grand Canyon, you can see the bottom but for this counter, there's no bottom to see. What are the major shareholders doing?...Looking to buy low or more rubbish will be out soon???
personally i think Benalec is still a bit on the high side for me even after such drastic drop in price. but will monitor this stock now! the reward would be well worth its risk!
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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....
Lawrence Kwan Vui Juin
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Posted by Lawrence Kwan Vui Juin > 2013-11-29 14:59 | Report Abuse
Wait 50cents only buy...