Crawler, you are right. Nobody will commit tens of millions of his money to invest in any counter which is "rubbish". Also, the smart cookies will "manage" the share price so that they can buy into a substantial block of shares at a favourable price. Hence, the share price may not reflect the true value of a company's shares at any given time. I personally would read the transaction announced yesterday in a positive light.
you shall see this stock sky-rocketing very soon. the rubbish tracker can track the price for this. This stock is so much under value with the potential pipeline in place
I am sure that, at the right time the company will make all the strategic moves to put the counter back on the radar. I suspect that the company would want the EGM to be put to bed before going on the promotion offensive.
i have no doubt that benalec has lots of potential. that said, i am afraid that the market does not take too kindly of the kind of scandals benalec has been embroiled in. this would explain the persistent low market price. this is not dissimilar to chinese stocks getting a beating share price wise even though they have good fundamentals. Although the off market sale could be something that could be a catalyst in the future, the below market price transaction does not bear well especially when benalec does not have a good market reputation to begin with. The share price will continue to be disappointing unless a catalyst is really in the pipeline, which is what crawler is saying. i hold a small stake in this company and do hope that it is true but won't have too high hopes to avoid too much disappointment
@splendid_ignorance - guess we are in a similar position. we all can see how the market has reacted to RAPID FID and the huge land sales (by doing nothing). so, it will have to take quite something to move this counter. not getting my hopes high also; just writing it off as a bad investment and lesson learnt
my hunch is that this stock is shunned by fund managers (hard to explain to your boss or clients why you're dabbling in a tainted company); and retail players have not been able to move the price at all on their own
Suspect there have some people control behind this counter, dump major portion of his share to scare off the speculator when price is moving up, however, time will tell. The person behind ll push up the share soon
you want to know the true facts...just wait and see when the news surface..I won't tell you what it is. Just watch and check the rubbish tracker price..I wonder why didn't track everyday :)
Benalec, Pengerang, oil ang gas project, Royal connection, in Jphor, Iskandar............ I bet big time high pretty pretty soon. Downside not much but upside ............. If it start move, it will move fast I suspect. Satu lorry lagi kasi tambah! Itchy, itchy.
Crawle, Jenabchen123. .I support your statement. We are same boat. I believe lots of us started shaking in confident .. Be patience ... Any further hint on the incoming party ??
Crawler, I am on the same page as you and taciturn. A very important investment criterion is the calibre of the prime mover of the company, i.e. the MD. People should research on the competency and capability of the guy. As far as I know, he single-handedly transformed the company from a run-of-the-mill family-run construction company to the very respectable marine engineering player that Benalec is today. I am holding on to my investment purely because I am very confident he will take the company to the next level, especially now that he is rid of the interference of his two brothers. Time will prove me right!
AmResearch: Federal approval for E&O reclamation very significant April 14, 2014
KUALA LUMPUR: AmResearch views the Department of Environment conditional approval for Eastern & Oriental's subsidiary to undertake the reclamation of Phase 2 of Seri Tanjung Pinang (STP2) at Tanjung Tokong, Penang as a "very significant one".
It said on Monday that E&O might soon proceed to call for tender proposals for the reclamation of the 760 acres at STP2 once it receives formal approvals from the Penang state government.
"The latter had already granted E&O conditional approval for STP2 in April 2011. Formal submission to the state government would soon be in motion," it said.
Earlier Monday, E&O said its subsidiary Tanjung Pinang Development Sdn Bhd (TPD) had received the conditional approval for the detailed environment impact assessment study and conceptual masterplan for the Phase 2.
AmResearch is maintaining its Buy rating on E&O and raised its fair value from RM3 a share to RM3.90 a share -- based on a 15% discount (previously 35%) to its unchanged net asset value of RM4.61 a share.
"We have assigned a significantly lower discount to our NAV as regulatory risks dissipate with the approval from the DoE, Ministry of Natural Resources and Environment for the Detailed Environmental Impact Assessment (DEIA) study and conceptual masterplan for STP2," it said.
How strange I'm assuming that I'm the "promoter" being referred to by someone here.
I have never once claimed to be a promoter for the company.
All I have done is rebut what I saw as incomprehensibly stupid and illogical arguments.
For instance, said someone has stated that Benalec should have sued The Edge for statements that they printed. Nevermind that all the statements were true.
Till now, I'm still waiting for said someone to explain how one can sue for libel against another party for stating what is the truth.
No doubt said someone will give the long song and dance of, "why should I bother to explain" or the like in response.
This of course shows his utter spinelessness (hey, looks like said someone is like roti najib, takde telur) in having the (lack of) guts (and balls) to argue coherently. Or maybe it's not a question of (lack of) guts (and balls). Maybe it's just a question of (the lack of) intelligence on said someone's part.
close to 25 days now since started to track the price after some promoters spinn story about the company. the price still around 90cents. more story spinning efforts are needed by the promoter. but now the promoter had disclaimed himself/herself as the promoter. how strange.
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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....
zaidsmadi
549 posts
Posted by zaidsmadi > 2014-04-10 12:20 | Report Abuse
crawler ,,,you are right