just my personal opinion this counter won't move fast.... it take it sweet time. If expected to harvest soon. Just mission impossible... I hope it proof me wrong so other can benefit it :-)
also, there are lot of poeple waiting to take profit.... especially those that sapu below 0.9 before this.... therefore they need to be rich first before YOU (YOU = all that bought after IPO :-) No offend but that true. Unless something magical happen.
Last, there are still group of people strongly believe Mr. Ben
first of all, you must understand, you are trader/investor. Then you understand the stock mode. If you are trader i recommend you goto other stocks that in goreng mode, e.g. hibiscus.
biasanya inilah yang akan berlaku. contra player jadi trader. trader player jadi short term investor. lepas itu jadi long term investor. secara tak perasan sudah burn.
stock trading is not a simple task. EQ very important. this is explain why the people always sell at low, buy at high. When people throw, they also worry and throw at the same time, even the stock already make historical low. When the price high and no more news, they still want more high and reluctant to sell.
The most beautiful and exciting is not during the bull time. But during bear time. When most of the people fear, disappointed and sold all the stock, this is the time, you come out.
ganasai - we can't do that for all the counter..... some really doing bad with other reasons... management change; business model change; miss project contract and etc... So still depend on case by case basis. People need some time to think and evaluate what going on and still a under value buy or not.... Everyone here use the hard earn money to make their money work harder so they need to be careful as well.
time is always give to u. rule to avoid catch falling knife: analyze that company still can buy or not. You got time, because when a stock recover back, it need to take some time and stable at certain level.
i used this picture because i always talk bullshit, when most of the people are just contra player or trader. But i can said, I invest stock more than 2 years, still in profit mode.
important date 11/12/2013, material ligitation, step down of Directors, it all seems happen in the right time, so be prepare to ride the uptrend soon!!!
Let see what happen tomorrow. Now waiting for Environment Assessment Report for Tg. Prai project. This mega oil storage project is a "GO" project, which was long overdue. It's a strategy project for Malaysia cause it's nearby oil processing plants in Singapore. By the way, Benalec is a pure marine construction company, which provided one-stop marine construction including land reclamation. They have large and comprehensive range of vessels and equipment. Opportunities in Asia-Pacific region with future projects estimated at over RM200bn. It's definitely not a property counter as some member stated here. Benalec is a niche player in this industry with strong competitive edge.
People fear because they don't know. As a popular statement by famous Warrant Buffet said we should be greed when others fear, we should be fear when other greed. Otherwise, how to make a fortune in share market. I have being in share market for 15 years, experienced many challenging time, still in winning mode as some said. I am here not to earn some penny to eat nasi lemak and drink coffee, but for some serious money, to make myself all the way to achieve financial freedom.
There is a saying, 1st time postpone, investors will get worry, panic and start to sell, second times, investors will still sell but not so panic, third time, investors are inmute already. So i believe the prices will stay above 1.00++. Happy Trading!
This company has SERIOUS INTEGRITY Issues. Why continue to invest in this Counter?? Better get out or cut out and invest in better fundamental property counters like KSL which is hugely undervalue currently.
ST - yes will most likely continue to drop if without support.
tsurukame - I believe a lot of folks may not agree with you. Yes they have integrity or legal issues but everyone make mistake. Over time they have to fix it.... If they don't then I have to agree with you. Sorry don't get me wrong I'm neutral not really into this counter and not against it as well. I even just bought some yesterday :-) despite all the issues they have.
In general their business model are good and have strong fundamental but just because of some management it being drag. I'm not sure how long the management will take that back to black day (30%-40% above IPO price). But I do have some hope and believe in the current management.
To Benalec management: If you read this and watch this forum, let do something here as you still have a lot of supporter :-) Don't ever disappointing them else you have to pay high price, hahaha..
Do u expect a company with SERIOUS INTEGRITY issues to be STRONG? For sure the minority shareholders will be SHORT CHANGED again...It is pointless to HOPE when the company has SERIOUS INTEGRITY ISSUES...as you will be HOPING AGAINST HOPE which results in HOPING IN VAIN...
tsurukame - no one can 100% sure. Every company have potential in INTEGRITY issues because it run by human :-) It just that how serious it could be and how the company or the CEO react of the issues. Anyway I could be wrong as I really don't have the answer for that. Just like some time we ask ourself are we going to make the similar mistake again. We say NO but "Are you sure?"
I do wish that the Benalec management people are here in this forum to make the necessary correction and improve in that moving forward.
By the way I assume you (tsurukame) do not hold any stock of this counter now right?
I do not hold this stock as the financials are not good and my take is this stock will have SERIOUS INTEGRITY ISSUES as long as the current majority shareholders are STILL in charge.
I don't have any frustration with this stock as I do not own it. I find it very amazing why certain people would want to invest in this stock when it does not have good financials and the company management who are majority shareholders have serious integrity issues.
There are other much better financially sound property stocks compared to this stock!!
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....
Helena
172 posts
Posted by Helena > 2013-12-10 11:01 | Report Abuse
once it reach 1.30.. why would i want to sell for breakeven .. definitely aiming for profit ..