I share tshwong view right from the start.Dont expect a fast rise as profit taking will come in along the way.Rest assured this counter as some dreamers predict to come down to .80 will nevet happened.Anyway i make a lot from IRIS tdy...
2% of 0.25 par value is a small dividend. lost a huge confident on this stock after holding for years due to poor management and lack of integrity. KWAP should get out from this stock to safe the public money.. the Tanjung Piai is a dream... it has been talking about it for years... Moreover, they have plenty of re-claimed land to sell but .......(dunno what will happen behind the scene)..
KUALA LUMPUR: Affin Research has maintained its Trading Buy call on Benalec with a target price of RM1.98, it said on Monday.
Affin said Datuk Leaw Seng Hai’s raising his indirect interest in Benalec Holding and the two-year option granted by Datuk Leaw Ah Chye as well as Datuk Leaw Tua Choon ceasing to be a substantial shareholder will help to address concerns about a sibling tussle impacting the management and operations of Benalec Holdings.
“We see this as a positive development. Nevertheless, the key driver to Benalec Holdings’s profit and share price remains a positive outcome to the signing of a definitive Sale and Purchase Agreement with 1MY Strategic Oil Terminal for the reclamation of 1,000 acres of land in its 3,485-acre land reclamation concession off the coast of Tanjung Piai,” it said.
The research house said Benalec has also announced the offer of 600,000 options to Aznam bin Mansor, Koo Hoong Kwan and Wong Yoker Nyen under the share issuance scheme for independent directors
Benalec misses deadline to execute settlement agreement.
The deadline is over and Benalec Holdings Bhd has yet to execute, let alone announce, its final settlement with the parties it had accused of misconduct.
A source told The Edge Financial Daily that the settlement is being reviewed by the regulators.
“Bursa Malaysia has asked the company to furnish it with details of the settlement. It will be announced in due course,” said the source, who did not disclose a specific date by which Bursa would revert to Benalec.
Benalec misses deadline to execute settlement agreement
Benalec had on Dec 4, 2013, signed a heads of agreement (HoA) with three parties that it had sued earlier — Datuk Leaw Tua Choon, Datuk Leaw Ah Chye and Tua Choon’s son, Leaw Yongene — to set out a framework to settle all legal suits, grievances, disputes and claims among them.
The company had announced to Bursa on Dec 4 that it had set for itself a month’s deadline to “finalise the detailed terms of a full and final global settlement of all disputes [between the related parties] and to execute the final settlement agreement.”
Benalec stripped the two brothers of their executive positions in October after an independent audit committee found “strong and compelling” documentary evidence linking them to two land disposal transactions in which they had links to the purchasing entities.
The committee then called for an EGM to remove Tua Choon and Ah Chye as directors before they resigned from the board in a “gesture of goodwill”.
In a filing with Bursa last Friday, Benalec announced that Tua Choon had two weeks ago sold his entire 14.81% indirect stake in the company to the third brother, Datuk Vincent Leaw Seng Hai, and Ah Chye.
Vincent’s stake in Benalec subsequently increased from 15.34% to 23.71% and Ah Chye’s from 14.81% to 21.26%. Tua Choon ceased to be a substantial shareholder. The price of the shares transacted was not disclosed.
Ah Chye further granted Vincent, who is Benalec’s managing director and largest shareholder, the option to purchase at least 30% of his indirect interest in the company. Should Vincent exercise the option, his stake would increase to at least 30%.
In a separate announcement last Friday, Benalec said it offered its three independent non-executive directors — Aznam Mansor, Koo Hoong Kwan and Wong Yoke Nyen — options of 200,000 shares each at an exercise price of 78 sen. This is a 10.3% discount to Benalec’s share price of 86 sen on the offer date. Benalec’s shares closed 6.36% higher at 92 sen yesterday.
This article first appeared in The Edge Financial Daily, on January 07, 2014.
Look who is here? The shameless BullBear. Haha. Now, you put on your pant, which borrowed from your friend. Such a loser. Talk is easy and cheap and The Cheap always talks. Zero share also bullshited page long, together with that 100 share holder, tewnama, a true idiot. Only with Benalec's price shooting up, then two of your souls can rest in peace.
On 30/12/2013 I wrote: Attended Friday 27/12/13 AGM; the new Board Members sounded confident/ positive. It would seems an internal Management Settlement forthcoming. As explained, even those voted out of the Board do not wish to prolong the issues as they are also substantial shareholders and derive no benefits if the share price continues to fall. Strongly believe the coming quarter will see much improve financial result. My personal view is to hold the shares or better still buy more. 30/12/2013 18:51
For those who had bought more @ RM0.85 on 27/12 will now enjoy 10.5% ...........My gut feel, it will at least go back to RM 1.35 - 1.45 range prior to the family issues. Let's hope I am correct!
Amboi ah wong... cakap kuat bila sudah naik sikit. U beli berapa harga. 0.87 kan. Lagi? 0.90? Lagi? 1.00? 1.10? U masih sangkut lagi. Jgn berlagak. Cerita belum tamat. Kurang kurang i sudah menang dlm ecowld. Sekarang paper gain atleast 60 sen sesaham.
@tewnama, my comment to u was true and precise. Talking about ecoworld, I brought it at 60 cents as Focal before name changed. You dared to buy at 3.80, you're so lucky. Tidak tahu tidak takut. One thing I never did in my investment journey is "chasing high". You are not chasing high, but chasing sky. If you fall, no one are able to find you. If the market crash, you'll cook. I'll sell all of ecoworld soon, switch back to spsetia at below 2.80.
Fakta sebenar sekarang ialah saya belum cook. Kamu banyak if if. Yg confirm sekarang saya tak sangkut. Masih paper gain. Tak main main if if punya. Tapi yg confirm sekarang u yang masih sangkut. Bukan i. Kalau, "if" lah tu yg awak sudah guna, market crash, baru cakap la.
Fakta sebenar sekarang ialah saya sudah ada 30K paper gain on this counter. Dulu sudah ada 14K profit on this counter, tapi awak yang rugi on this counter. So, my comment to you memang betul-betul. A true idiot mamang tidak tahu 'if', mereka mana tahu buat 'risk managemnet' ? Main saham macam pergi casino sahaja. Kalau nasib baik, untung sikit, kalau nasib tidak baik, jualkan pant sahaja lah.
pendidikan kamu mungkin tinggi. tapi pertuturan dan didikan kamu memang tak baik. Dlm kata lain, kurang ajar. suka guna bahasa kesat idiot ini idiot itu. sebab tidak sependapat dlm pilihan saham, sudah mahu guna kata kata kesat. Mahu debat, debat lah baik baik. Debat saham bukannya debat personal.
KWAP lagi ada 47 juta saham. cerita belum habis lagi. mahu labur dlm syarikat ini sekarang bukan masa nya. tunggu sehingga mereka clear pegangan mereka. Kenaikan dua tiga hari lepas adalah wayang saja. dana institusi sudah hilang kepercayaan dlm syarikat ini. reputasi mereka terjejas dan akan ambil masa untuk pulih. KWAP tidah bodoh. fikir fikir kan lah kenapa harga naik dua tiga hari yang lepas
Betul. I respect pandangan muarmali. I tak kecam. Itu hak dia. Tapi byk orang sini hanya suka dengar cerita positif. Sikit negatif sudah tak syiok terutama yg sudah beli saham. Walaupun i masih ada saham ini, tapi i bagi pandangan negatif juga. Sebab yg negatif memang negatif. Tak baik spin spin. Bagi chance untuk orang dengar pro and con terutama yg hendah labur.
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....
tshwong
603 posts
Posted by tshwong > 2014-01-06 21:04 | Report Abuse
Only the winner stay.