What liar? childish. It does feel good, right, after so long finally the price go up now. you are like young boy that has been deprived of sex for many months and suddenly you are given a viagra. Make no mistake. This is a rubbish company. Price go up now does not mean it has now become a good company!
Still dirt cheap at current price. Remember this is just the beginning of the rise, not the end. Don't let go too soon, hang on till year end, you'll see the big $.
WOW FANTASTIC...TOMORROW BEN10 CONTINUE UP TREND AFTER BREAKOUT 0.95 TODAY...NEXT RESISTANCE 0.98 TO 1.02 BEFORE FLYING AGAIN TO REACH 1.10...MAX TP 1.30 FOR THIS YEAR...
Kukuman said, "tinyvestor, tough for mr ben. the ousted brother directors will not sit still doing nothing. they too need to make a living to survive through one way or another. There is always back door dealing. ""
Asked to elaborate/show proof, he refused/cannot. Thus _LIAR_.
Some of those happily screaming now are those talking about this stock 6 months ago around nov/dec 2013 when the price is above 1 and had continuously ask people to buy. Ofcourse, these so-called long term investors claimed to have bought at very low price. beware! Contra play, by all means. Long term, but think twice.
goh, if they have really listened to me that means they will not get stuck for months. what for buy more to average down for a rubbish company like this? the money could have better utilise in other stocks. from dec2013 to apr2014, many stocks have doubled their share price. let this company repairs their reputation and image first before considering invest in it for long term.
Ah looks like the lying troll is ignoring me. I must have scared him to the point where he kecut-ed until he dare not respond to any of my points anymore.
I have been told that a couple of big boys have started to collect Benalec shares from the market. These guys are not stupid like kukuman is. Btw, the share buy-back has apparently taken place because the company is flushed with cash and the management reckons that at this price level, the company is grossly under-valued. All you good people out there (excluding kukuman), enjoy the ride.
The company has started to buy back its share aggressively, 3 millions share at 0.95, the highest. Are the company knowing something which normal retail investors don't know? When the company continue to buy back its share up to 10% of its total share, it'll definitely being too late for the retail investors to play catch-up. Are the company knowing something big is brewing? Let the time tell us about it SOON.
We can be more confident when the share price continue to move North in next couple of days. I'm not expected a drastic price change.... but one or two cents up or more is a solid good sign to accumulate more.
The quarter results @ 31/3/2014 will be out by end of this month. Based on yesterday price up could be due to more good set of results. That's my opinion. Happy Trading!
CIMB doesn't seems to like Uncle Ben? They always come out with sell call after good news announced.
Benalec Holdings - Melaka is not the game changer Target RM0.90 (Stock Rating: REDUCE)
Securing the RM203m land reclamation contract in Melaka was positive for Benalec as this stabilises its earnings beyond FY14, compensating for the delay in the signing of the 1,000-acre Tanjung Piai project in Iskandar. But investors are unlikely to view the new Melaka job as the game changer as its turnaround has always hinged on the revival of the massive oil & gas-related land reclamation prospects in Iskandar. We maintain our EPS forecasts, Reduce call and target price - pegged to an unchanged 50% discount to RNAV. There are still risks of delay for the Tanjung Piai deal, in our view. Switch to Muhibbah Engineering for exposure to oil & gas infra and the RAPID project.
What Happened Secures a reclamation contract in Melaka. Benalec was awarded a 415-acre, RM203m land reclamation project in Melaka.
What We Think New contract stabilises earnings beyond FY14, but is not the game changer. This award is not overly surprising as it is in line with management's strategy of securing new cash reclamation contracts in Melaka. Nonetheless, this is positive for Benalec as it ensures a stable earnings stream beyond FY14, and compensates for the delay in the 1,000-acre Tanjung Piai reclamation project in Iskandar, Johor - based on our original timeline, this project should start contributing from 2H14 onwards. The RM203m new contract will yield a pretax margin of c.20%, lower than the historical land reclamation margin of c.30% due to rising costs and soil factors. The estimated net profit of RM15m-20m p.a. is broadly in line with our existing new job assumption for FY15-16. We reiterate that the game changer for Benalec continues to be a revival of the long-awaited massive Tanjung Piai deal. Our checks with management indicated that negotiations have gradually picked up in the last few months but we feel that there are still uncertainties over meeting the targeted signing of the sale and purchase agreement (SPA) by Jun. The next step is the submission of the environmental impact assessment (EIA) which should take three months to be reviewed.
What You Should Do Sell on strength. We do not expect this news to trigger a major re-rating for the stock. We foresee a sustained overhang on the share price, pending greater visibility and conviction on the prospects of the Tanjung Piai deal.
up_up_up: CIMB does have a valid point, everyone is banging on the company getting the detailed EIA for Tanjung Piai & Pengerang approved.
Thus far it hasn't been a rosy path for approval. There's been a lot of back and forth between Benalec, their consultants and the Department of Environment.
Some analysts (especially Affin) think that they have the approval virtually in hand. Others like CIMB disagree.
Lots of pros and cons on the issue, depending on who you believe.
Of course if/when they do receive the approval for the EIA then everything changes. :p
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kukuuman
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Posted by kukuuman > 2014-05-06 16:09 | Report Abuse
What liar? childish. It does feel good, right, after so long finally the price go up now. you are like young boy that has been deprived of sex for many months and suddenly you are given a viagra. Make no mistake. This is a rubbish company. Price go up now does not mean it has now become a good company!