@taciturn - thanks for taking the time and effort to post your thoughts and analysis here; always very enlightening and appreciated (not just for me i'm sure). too bad kukuman took his 2 cent profit and went away aready :p
i don't think anybody expects Tj Piai to be concluded in the next 10 days this time; the stock shouldn't react too negatively unless its an outright Cancellation. Just my 2 cents. Ah Ben has cried wolf too many times already la, thus I don't really think the recent rally has to do with Tj Piai specifically - how gullible can investors be, right? right?! The excitement/irrational euphoria has long gone already.
Though, I do have to mention that the Sultan of Johor is getting antsy already ;)
Anyway, veering off topic here, have u had a look at LCTH before? the fundamentals look quite yummy if you fancy the Hold & Pray approach... curious to get your opinion on this one to be honest.
zero: will look into it, but it'll take a couple of days before I can get you something (don't like to give a half assed summation) and also because end of May just finished (#@$!! companies that all love to announce quarterlies at the last minute) - so eyeballs still rolling from all the reading.
If you don't mind, I'll need an email address to send my conclusions to (I don't want to open another forum thread to follow :p, and obviously I can't post it on this thread). Feel free to set up a dummy/one use email account for us to correspond on.
bonescythe: Just read your blog, uh...a couple of things.
1) Your starting paragraph on the article "Too many chefs ruin the soup" seems to imply that it was a family dispute that resulted in Vincent Leaw taking control after pushing his brothers out. Not true. The brothers are out because they committed breach of fiduciary duties/trust to the company. This is not a Kian Joo type of situation where one side doesn't agree with the other.
2) The way you wrote it is like Benalec has already gotten STP2 in the bag which as far as I know is not true. Tenders (again to my knowledge) have not even been called yet. Feel free to elaborate if you do know more on this matter.
3) "Sole player in the industry without any possible market competitor sighted in the next 5 years" Untrue/disagree. Unless you're trying to say they are the only listed entity for a near pure reclamations specialist.
Inai Kiara is an unlisted power house (having a paid up capital near RM200m implies it), and the one thing that seems to be keeping them quiet is the amount of government jobs that they're getting.
I also note you've written all the positive points on the company whilst neglecting to list any of the difficulties that the company has i.e.no EIA approval as yet for Tanjung Piai/Pengerang.
zero: Oh yeah, forgot to add a reply to your comments on Benalec. Agreed regarding market reaction to a further extension to Tanjung Piai.
And concur, I don't think an outright cancellation will occur as the term sheet expires, it'll likely just be extended again.
The current price rally doesn't seem to have anything to do with this AFAIK. Whether it's a pure syndicated play (ha ha ha, on a non-penny stock, then again there was Harvest), insiders who know more expecting something to happen, or just institutionals coming in, we'll probably be the last to know.
Agree about Sultan of Johor. Want to add a few more things but lest I get hit with lese majeste and end up in jail. :p
Read, "Bones" has given an exceptional fundamental write-up on Benalec, best ever property stock.. short term 1.30... long term 2.00 beyond that sky is the limit.
rerating in the card for benelac...I still remember somebody was saying this is a rubbish stock then I said let me teach you how to turn sands into gold...
Benalec Holdings (BHB MK) -------------------dated 4th june Technical BUY with +18.6% potential return Last price : RM1.18 Target Price : RM1.28, RM1.40 Support : RM1.08 Stop-loss: RM1.07 BUY with a target price of RM1.40 with stop loss placed below RM1.07. Following our earlier BUY call at RM1.08 on 27 May 14, BHB’s share price hit our first target of RM1.18 yesterday. Given the emergence of fresh buying interest as shown by the higher trading volume of 31.4m shares recorded (vs 20-day average of 15.2m) and a positive signal flashed by both RSI and DMI, which suggests improving momentum, we expect BHB to move higher. Supported by upward sloping 10-day and 21-day SMA lines, an upward continuation should be seen as we peg our upside target at the significant previous high of RM1.40 over the short to medium term.
Benalec will be one of the black horse in the coming days ahead. However, before the black horse will take is tour, had you decided in your investment now?...... Sky is the limit!
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Posted by zero > 2014-06-03 22:37 | Report Abuse
@taciturn - thanks for taking the time and effort to post your thoughts and analysis here; always very enlightening and appreciated (not just for me i'm sure). too bad kukuman took his 2 cent profit and went away aready :p
i don't think anybody expects Tj Piai to be concluded in the next 10 days this time; the stock shouldn't react too negatively unless its an outright Cancellation. Just my 2 cents. Ah Ben has cried wolf too many times already la, thus I don't really think the recent rally has to do with Tj Piai specifically - how gullible can investors be, right? right?! The excitement/irrational euphoria has long gone already.
Though, I do have to mention that the Sultan of Johor is getting antsy already ;)
Anyway, veering off topic here, have u had a look at LCTH before? the fundamentals look quite yummy if you fancy the Hold & Pray approach... curious to get your opinion on this one to be honest.