It was around 51mil before disposal of 9.5 mil on 27/12. Now balance is abt 42 mil shares. It will take them few more weeks to dispose all if they intended to.
Folks, KWP is no longer a substantial shareholder of Benalec as now only holding less than 5%. So with too much of uncertainties e.g unresolved issues in the management & ability to secure new project now, will the share price be & stay below 0.80 soon due to continuos cashing out by KWP & other local institutions?
Property price up by 10% ??? Why this Benalec cannot go up now??? Pasir pun mesti naik harga so property made up from pasir pun mesti no choice but to naik.
Remember folks, the local institutions are surely & slowly trying to cash out above 0.850! But the big question, can the buyers absorb & keep the share price above 0.80 when there are still massive & continuous cashing out from the local funds? Careful now!
"After an investigation done between May and September this year, independent auditors concluded that there were strong documentary evidence linking to duo to the land disposals. Benalec’s legal counsel determined that the deal constituted a breach of the terms of the service agreements of he two directors."
“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”. 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.”
Remember folks, the local institutions are surely & slowly cashing out. So the big question; why not you? Hahahahahahahahah!! Investors have shorts memories!
Reality is that the local funds are trying their level best to dump this share slowly & surely at above 0.850 but the big question; how long can buyers absorb the continuos dumping above 0.85? Remember folks, the share price is hovering near it year low at 0.845. Selling is a priority for the local funds as buying is not an option anymore.
tessa....your chance to cover losses in dscol... rlch...i'm afraid pw going to 40 cents...near term 69 cents...the directors pushing down again... a W-pattern graph in ascending motion for MQ TECH detected...will fly http://www.investopedia.com/university/charts/charts4.asp
The real show has not started yet. Wait till it break through 1. This counter will suprise me if its price still below 2 within 2 years from now. I'll give him 2 years for the Tanjung Piai project to kick start, that should be ample of time allowance. From 0.87 to 2, 130% return within 2 years, that'll be enough for me.
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....
sheep
3,852 posts
Posted by sheep > 2014-01-02 22:20 | Report Abuse
i thought abt 50 millions?