I see very quiet here lately after the big selldown hit the market last few days. must be still nursing the losses from other stocks. pity. the good thing is, mr ben is stagnant as usual. the market totally ignored mr ben.
One side say sell and don't buy, another side say hbuy and keep for long term. In short make your own decision so that you don't blame some one that give wrong suggestion due to his own perspective. Not because that person want you to be trap just that he view from different angle. You need to study the company t spend some time on reading & understand the company future direction. with that even if you still make wrong decision at least you did what you suppose to do.
Good day, Samsung555. Reason why I have not been posting any comments in recent days is that I have been travelling. I understand the EGM should be happening real soon, so just wait for it. Meanwhile, back at the ranch, news has reached my ears that very positive announcements will be made by the company in the coming days. Piecing it all together, there is only one inevitable suggestion that I can make ... buy now and enjoy the ride!
SavvyOne, thanks for yr suggestion. I'll looking to buy in weakness for those good fundamental counter approaching June'14 while hanging on Ben. I believe market will be very volatile in this 2 months and window of opportunity will open for those who are prepared. Happy invest!
taciturn, tshwong & samsung555, I checked with my source this morning and was told that EIA approval is well advanced and on track. He had assumed EIA to have been approved because the company is currently mobilising its resources for starting reclamation work in Tanjong Piai. He further said that the Terms of Reference (TOR) for the EIA process has been approved for some time now and should be posted on the DOE website anytime soon, if it has not been posted already. As always, I will try to share accurate information as far as possible, but the caveat is that there is no guarantee. So, please be guided accordingly.
Posed by SavvyOne on 25/04/2014 11:30---So good news is coming soon.
Beware. strong resentment in Penang for land reclamation developments. Penangites are going all out to protest this project and will expose those involve in the project.
As is per usual, the lying troll kukuman (along with his numerous other similar registered monikers) has highlighted something that is yet again irrelevant.
Quote: "kukuuman: Beware. strong resentment in Penang for land reclamation developments. Penangites are going all out to protest this project and will expose those involve in the project.
How this relates to Benalec leaves me baffled. Benalec does not own the Sri Tanjung Pinang 2 (STP2) site (E&O does) and as far as I know neither Benalec and E&O are related to each other in any way.
In fact to my knowledge tenders for the job haven't even been called for!
So how the "exposure" of those involved in the project affects Benalec is again something of a figment of this lying troll's (limited, in my humble opinion) imagination.
Please lah, if there's no news for you to use to condemn the company don't lah start grasping at straws. I know you're probably feeling pretty desperate what with your accounts getting banned (only temporarily - sadly for me) but it's embarassing to see your mediocre efforts (once again) at condemning Benalec.
Then again on second thought, do carry on. Perhaps the board administrators might ban you permanently. Heh.
why the panic? why need to write such a long thesis if you think nothing to worry about. I post that article because previously someone hinted that mr ben might have chance to get the jobs from this project. just to share the article for those who are interested. If you are not interested, not need to panic. I only say "beware". I did not link directly to mr ben or condemn mr ben due to the project. why the panic? why jump the gun?
BENALEC HOLDINGS BERHAD (“BENALEC” OR “COMPANY”) LETTER OF AWARD FOR CONSTRUCTION, COMPLETION & MAINTENANCE OF COASTAL RECLAMATION AND ASSOCIATED WORKS FOR ULTRA GREEN SDN BHD FOR PHASE 2A, PHASE 3A, PHASE 3B AND PHASE 4 IN MELAKA COVERING A TOTAL AREA OF APPROXIMATELY 415 ACRES
The Board of Directors of Benalec Holdings Berhad (“Benalec” or “Company”) is pleased to announce that Benalec Sdn Bhd, a wholly-owned subsidiary of the Company (“BSB”), had on 2 May 2014 accepted the Letter of Award dated 2 May 2014 from Oriental Boon Siew (M) Sdn Bhd (“OBSSB”), a subsidiary of Oriental Rubber & Palm Oil Sdn. Berhad, which in turn is a sub-subsidiary of Oriental Holdings Berhad, to undertake the construction, completion & maintenance of coastal reclamation and associated works for Ultra Green Sdn Bhd for Phase 2A, Phase 3A, Phase 3B and Phase 4 in Melaka covering a total area of approximately 415 acres (“Project”). The contract sum for the Project, which excludes rock revetment works, is RM203,894,750.00.
The Project shall be executed in 2 stages, as follows:-
Date of Site Possession : Subject to OBSSB securing the relevant approvals for the Phase 2A, 3A and 3B
Date of Completion : 30 months from the date of site possession
(b) Stage 2 – Phase 4 (total 140 acres)
Date of Site Possession : Subject to OBSSB securing the relevant approvals for the Phase 4
Date of Completion : 30 months from the date of site possession
The Project is scheduled to commence tentatively in the 3rd quarter of 2014 and is expected to be completed by the 4th quarter of 2016. The Project is expected to contribute positively to the earnings and net assets of the Benalec Group for the financial years ending 2015 through 2017.
None of the directors and/or major shareholders of the Company and/or persons connected to them have any interest, direct or indirect, in the Project. This announcement is dated 5 May 2014.
If someone is collecting then why needed to have share buy back for price stabilization? Contradiction. so far Seng Hai has reduce share own by 5+%. Really look forward the AGM or EGM and who own the 5%.
New IPO: Building management systems (BMS), solar thermal systems and energy-saving services provider, Solar District Cooling Bhd aims to list on the Ace Market!
MQ Trader 594 views | 3 d ago
0:17
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 13248 views | 12 d ago
0:17
New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
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....
king7
459 posts
Posted by king7 > 2014-04-29 09:46 | Report Abuse
any news from Savvyone ?