I believed in this counter and have been holding their stocks for over 3 years now...seen its ups and downs, accumulating on dollar averaging, even despite fund managers dropping the 'buy' call at below 0.90...and I'm still holding on. Unique O&G company with maritime affiliations will never stay cheap in value for long
Based on the land sales and letter of awards for reclamation and the steady flow of cash, I do believe Benalec share price should worth at least 1.60+, without Tg Piah & Pengereng reclamation project and also STP2 land reclamation yet to announced.
The price was up for many reasons, just that you didn't know. That's why some people made ton of money from equity investment, some people have to keep cutting lose. Do yr homework, read some books.
Land reclaim business is a niche industry. if we check TP by few IB did last year then you should know why this company is undervalue and Ben.. even give out modest dividen !! not a goreng stock but long term good return stock
Intuition, if you want to invest in a dividend-paying counter, Benalec is not for you. The nature of this company's business is very capital-intensive. If cash is consistently paid out in dividends, the company will keep having to source for funding from banks, etc. to carry out its projects. In so doing, the interest costs will go up, profits will come down and dividends will shrink. It's a vicious cycle! If you do invest in this company, you have to go for their growth potential, leading to a healthy capital appreciation from your perspective.
king7, why are you worried by the number of buyers and sellers? If you have already invested in the shares of the company, you should be happy that the big funds are moving in, confirming that this counter is well worth investing in.
Ok, guys, further news coming to my ears ... a very prominent corporate figure is about to take up a substantial stake in the company. It has to be very good news for the company because, apparently, the incoming stakeholder will help the company achieve its strategic goals and thus create value for the company. You can bet on the share price moving up significantly because this kind of investor will not be interested in making peanuts with their investments. Are you beginning to see Benalec's potential?
king7, armed with the news that I have shared with you guys, do you think that I'm gonna let go at this price? Sometimes, we have to act with courage, i.e. courage of our conviction.
good counter to hold after the family disputes has been settled amicably. their business profile (is quite diversified) except for their dividend yield records. happy trading
CIMB Research, are you guys noticing Benalec's transaction volume and price movement today? Are you still maintaining your SELL call with target price of 90 sen? Let us all know ...PLEASE ...
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....
Beginner1989
822 posts
Posted by Beginner1989 > 2014-05-14 12:37 | Report Abuse
Damn it.. last minute before lunch time.. people bought 1.06 straight away like shark.. shit!!!!!!!!!!!