Posted by messi > 2013-12-11 21:51 | Report Abuse

Changes in Sub. S-hldr's Int. (29B) - Kumpulan Wang Persaraan (Diperbadankan)

Disposed 02/12/2013 60,000
Disposed 29/11/2013 755,600
Disposed 28/11/2013 417,400
Disposed 27/11/2013 440,000
Disposed 21/11/2013 1,761,400

Total disposed = 3,434,400

Posted by powerwk > 2013-12-12 03:52 | Report Abuse

To tsurukame - thanks for your concern. Maybe they have some info that we don't have?

Posted by powerwk > 2013-12-12 03:54 | Report Abuse

To messi - thanks for sharing. By the way, at what the price that they dispose for each of the date mention above?

Posted by powerwk > 2013-12-12 03:57 | Report Abuse

By roughly checking the price they sell it at lost? At least under IPO value. Unless the stock they sold bought it at low price which lower then IPO price.

They make the worst investment then us :-)

Posted by miketyu > 2013-12-12 09:42 | Report Abuse

So they didnt seal the deal on time

Posted by beginner > 2013-12-12 11:56 | Report Abuse

no news is good news

Posted by BullBear > 2013-12-12 16:42 | Report Abuse

The beginning of the end for Benalec? Will EPF dispose all their shareholding in the coming weeks?

Time will tell!

Posted by BullBear > 2013-12-12 16:44 | Report Abuse

EYEBROWS were raised when Benalec Holdings Bhd, which is controlled by the Leaw family, did an about-turn last Thursday.

Read more here: http://www.theedgemalaysia.com/business-news/267242-highlight-benalecs-about-turn-over-suits-raises-eyebrows.html

The beginning of the end?

Posted by angkor > 2013-12-12 16:44 | Report Abuse

EPF or KWAP?

Posted by BullBear > 2013-12-12 16:47 | Report Abuse

Oooops... KWAP!

Posted by BullBear > 2013-12-12 17:02 | Report Abuse

Will the 1 month low at 0.87 hold?

Posted by Kukuman > 2013-12-12 17:42 | Report Abuse

The Edge report is as good as telling you becareful with the stock. With this kind of news on print media, it has created a lot of negative perception for the company. Unless the company support its own share price, I think the all-time low price won't hold. Institutional funds are existing from the stock to protect their capital.

Posted by sephiroth > 2013-12-12 18:47 | Report Abuse

land disposal screw up
http://www.bursamalaysia.com/market/listed-companies/company-announcements/1490677

Posted by sephiroth > 2013-12-12 18:50 | Report Abuse

extend again for another 6 months, 2molo become penny stock liao
http://www.bursamalaysia.com/market/listed-companies/company-announcements/1490669

Posted by water99 > 2013-12-12 19:29 | Report Abuse

Construction stock always slow and suprise news(win project ,postpone ,project call off and etc..).
Good luck for those still holding Mr.Ben

Posted by rlch > 2013-12-12 19:50 | Report Abuse

Highbond Capital has to forfeit 5.4 million as deposit for failure to settle remaining 48.88million for land purchase. Land still belong to Benalec. Should be good news.
http://www.bursamalaysia.com/market/listed-companies/company-announcements/1490677
Tg Piai project not cancel merely postpone, not bad news.

Posted by BullBear > 2013-12-12 20:09 | Report Abuse

Going to be a volatile stock. Internal issue getting complicated as such will Tanjung Phai project be awarded to them?

Remember folks, the one running the show now are not the substantial shareholders. Selling pressure will emerge. Changing counter is the only option for institution funds now!

Careful now!

Posted by winwin > 2013-12-12 21:19 | Report Abuse

Poor mgmt.dont invest even long term.

Posted by tshwong > 2013-12-12 21:36 | Report Abuse

Some member here were inputing purely wrong info or fake info out of their own imagination without any truth finding. Even ready info on the media also don't know how to read or should say understand. Some acted very emotion and some just like crooking crow. No wonder after 1999, retail investors in Malaysia were getting fewer. Most of them don't have analysis skills, investment knowledge and did their own in depth study on the company. I believe after this super boom Malaysia's share market since 2009, the next recession will drown this group of people into deep sea, so are their hard-earned money. Well, every economy boom will end by a recession, then economy will raise up again, this is economy cycle. MD of Benalec, Dato Leaw Seng Hai was a controlled stake holder of Benelac, controlled thru Oceanview Cove ( owned 56.86% of it directly by himself), arranged by their late father. You guys can check this out. Their brothers are only minority in this entity. Who said institutions players were existing from this counter and changing counter? During last 2 weeks, there were strong selling pressure from some fund manager to cut short their holdings plus retail investors as well, but buying interests from institution investors also very strong, that why its price bounce back from 87 to 1.01 now. The trading volume was very small now, selling pressure was eased out now. By the way, follow the newest analysis report from all the investment bank and brokering house, most of them have a buy call on it, none of them gave "Sell" recommendations to it. If I missed one, please correct me. The fund managers will do complicated detail analysis on one company, unless their loss their competitive edge, otherwise they won't easily existing one counter. I think this counter was oversold and the current price already price-in all the risk factors.

Posted by yeketou > 2013-12-12 21:46 | Report Abuse

Sigh.. I trusted the target price to buy Benalec and now almost reach Holland liao.

Posted by messi > 2013-12-12 21:49 | Report Abuse

there is still hope....wait for brothers to settle their problems then investors will return

Posted by miketyu > 2013-12-12 21:51 | Report Abuse

This is just like a drama of a family, two brothers caught stealing, big bro stand out wanna bring them to justice and then settled themselves secretly for the sake of their own face. Then we little investors got burned in the drama. Look at the announcements before the quarter report is out. Directors have been disposing, then buy back when the price drops below rm1. From who they have taken the money? One year dividend 2 sen only. Worse than some counter like homeritz who gives dividend of 0.375 sen a year at price of 0.59 now.
Point is, they couldn't execute the main project Tj Piai until next year June. If you are optimistic about their earnings, then continue to give your money to the directors who knew what is going on. KWAP is offloading. Ted tapering might be happening. A lot of uncertainties in 6 months time. For investor like me, is offloading at 20% loss, because I believed in them. Can u swim against the tide? Just a piece of my thought after investing in this counter for 6 months at 20% loss

Posted by BullBear > 2013-12-12 21:55 | Report Abuse

Should you find yourself in a chronically leaking boat, energy devoted to changing vessels is likely to be more productive than energy devoted to patching leaks!

KWAP is in process of doing that! What about you, folks?

Posted by BullBear > 2013-12-12 22:00 | Report Abuse

Careful now, only when the tide goes out do you discover who's been swimming naked!

Posted by BullBear > 2013-12-12 22:10 | Report Abuse

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!

Posted by BullBear > 2013-12-12 22:30 | Report Abuse

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?

Posted by BullBear > 2013-12-12 22:48 | Report Abuse

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!

Posted by BullBear > 2013-12-12 22:53 | Report Abuse

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?

Posted by messi > 2013-12-12 23:03 | Report Abuse

stock market expert stuck at high price...so now they promote to retail investors to push up price for themselve to run.

Posted by BullBear > 2013-12-12 23:18 | Report Abuse

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

Happy investing folks!

Posted by BullBear > 2013-12-12 23:24 | Report Abuse

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

Posted by messi > 2013-12-12 23:43 | Report Abuse

dead duck ben

Posted by BullBear > 2013-12-13 09:25 | Report Abuse

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.

Posted by tewnama > 2013-12-13 09:35 | Report Abuse

u sudah jual?

Posted by jimy > 2013-12-13 09:40 | Report Abuse

BullBear , thank for share, i sold all already

Posted by jimy > 2013-12-13 09:40 | Report Abuse

today must drop

Posted by jimy > 2013-12-13 09:44 | Report Abuse

will buy price below 0.80cent

Posted by BullBear > 2013-12-13 09:45 | Report Abuse

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

Posted by jimy > 2013-12-13 09:47 | Report Abuse

yesterday night my remindser told me sell......................

Posted by ckleaf > 2013-12-13 09:57 | Report Abuse

cimb not consistent,not very long ago....trading buy,then........now.........tomorrow,apa lagi.......

Posted by SANG-JERO > 2013-12-13 10:01 | Report Abuse

Very uncertain counter....

Posted by messi > 2013-12-13 10:13 | Report Abuse

Outlook by CIMB : Benalec’s performance would likely be dampened in the short-term due to certain changes on its land sale method and slow progress on its marine construction. However, its long-term outlook remains intact due to the attractive sea-fronting land concession in Johor, which is expected to start contributions from FY15 onwards, albeit in a gradual manner.

Posted by ckleaf > 2013-12-13 10:31 | Report Abuse

That is not cimb outlook,messi as stated cimb is inconsistent.....well on Benalec....

Posted by tewnama > 2013-12-13 10:32 | Report Abuse

apa yg consistent ialah Ben dah down trend entah sudah berapa lama

Posted by BullBear > 2013-12-13 11:22 | Report Abuse

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?

Posted by powerwk > 2013-12-13 11:45 | Report Abuse

Wow.... Suddenly all the negative comments come from nowhere. You guys planning to buy at lower price? Or just so nice to share this so that people not get caught in this counter? So what the recommendation for those who hold this stock now? Sell? Switch to other counter?

Just curious if you (BullBear) have been holding stock in this counter before? If yes are you making money or loss money? Mind to share with us which just small investor? Hope to hear from you soon since you are very active now!

Posted by BullBear > 2013-12-13 12:17 | Report Abuse

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!

Posted by BullBear > 2013-12-13 12:28 | Report Abuse

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!

Posted by KC Loh > 2013-12-13 12:44 | Report Abuse

Hehe bullbear. You make people speechless in AA thread already. Now starting your nonsense here with same broken recorder eh? Hahahaha

Posted by Hustle > 2013-12-13 12:50 | Report Abuse

Agree with u BB, the best price to buy is below 0.50 because hired lawyers nowadays is not cheap and at least need to spend 50% of current price.3 of the blood suckers possibly already dry up the capital pool, same case with muiind.