I meant it could be 'dressed down' for acquisition by a larger maritime/O&G outfit. Anyway, its true that market conditions aren't that great now. Ride out the wave, market will rebound at some point.
I cut lose all my Benalec share at RM0.68 when good news announcement. if keep to now will lost more.....will be buy back if Benalec drop below RM0.40.....Good Luck to all extra long term investor.....
This rubbish company keeps on recording new low everyday other day. King of spinner said cannot touch this rubbish company for now. What a change of tune !
All ben directors only earn from remuneration and no interest to make money for the company. Shareowner, please do something. Who approved their remuneration? Ask they to pay back all the remuneration when the company are not performing. right?
No 1 interested on this Ah Ben anymore. When good profits, dont be surprised the director's fee is RM8 million plus driving luxury cars but declaring 2 cents dividends. When not doing well, the director's fee still RM8 million but dividend reduced. So, who make much profits here? stop dreaming. This Company will tell you long term dream long term dream...... dream for capital appreciation. A company that not paying good dividends, the share price won't grow.
Announcement from Bursa's website. Be ready you will keep seeing such announcement until 2020 yet nothing happen. They are like MLM selling you hope. Already bored with this company. Tell you how big the lands in Melaka and Johor. Same story but people still believe on them. Putting this company as part of your portfolio will only make u feel sad
2. Status Further to the announcements made on 12 March 2013, 12 June 2013, 17 June 2013, 11 September 2013, 12 December 2013, 19 March 2014, 12 June 2014 and 11 September 2014 with regards to the Term Sheet, the Parties have mutually agreed to extend the period of validity of the Term Sheet for an additional duration of six (6) months from the expiry date to finalise the terms and conditions of the Sale and Purchase Agreement.
The extended duration shall come into effect from 12 December 2014 until 11 June 2015 or such other date as the Parties may agree in writing.
KWAP no longer any confident on Ah Ben and also fully disposed off even at loss to cut loss. The MD brings brothers' dispute to the company and making shareholders lost money. I doubt if we can see any change if MD still there.
yup.... happyvic but the systematic risk of this company much higher due to a) corporate governance on directors & managements b) prospects of land in Melaka c) delay on Johor's projects d) director's self seeking profits at expense of shareholders by rewarding director fee at RM7.5m. I wonder who approve his fee? Next year,this MD syiok sendiri to declare self higher director's fee. Who can stop this MD from declaring his own salary?
where is king of spinner taciturn. this company needs him/her now more than ever. and also his/her gang like zero, savvyone, gogobenalec, tshwong, kukumanis. All these ID are only to post comment on mr ben forum. I feel so good. below is my previous comment. 60c already arrived. what next?
Nov 21, 2014 08:42 AM | Report Abuse Petvnla, if u ask this question 3 months ago you will get many feel good spin answers from the spinner. But now they all went silence. Bcos bad is bad no matter how they spin.Yesterday was the new lowest closing in my tracking 0.785. Still more to come. 60c is what i want to see.
Try your luck if it reach 30c. if no, then too bad. 0.54 is already bad enough. The FULLY-INVESTED-in-mr-ben king of spinner is laughing now. I for one never believe he/she is fully invested in mr ben
I did the stock valuation for this company. The EPS at RM0.009. The PE Ratio if we put at 20 times, the stock should only value at RM0.18. At present stock price of RM0.535 divided by EPS at RM0.009, it represents PE Ratio of 60 times.
I personally think it is overvalued at RM0.535 and may fall further.
(Disclaimer - My personal opinion only. Please rely on expert & professional)
They will keep telling you of selling land. Question is selling land is their core activity like manufacturing selling their products so dont get excited when seeing they selling land and land is limited. After selling, no more land yet the Pengerang and Tanjung Piai no news. I wonder can this company able to sustain for > 10 years.
Yeah ...I agreed with u JJWong. Do you believe the management and directors dont know such related party transactions barring that all are brothers? Meaning that the 2 younger brothers so smart to deceive the board directors and his own eldest brother the MD? I really doubt so.
No ship can set sail without a captain, and the same is true of businesses. Without the right leadership, a business will almost certainly fail even if the best possible employees are on hand, the businesses that were destroyed because of poor leadership....
The worst is yet to come for Benalec. No more support from general investors while directors will keep spinning on land value and sales. Let is slide, slide slide.
I still remember arguing with the king of spinner taciturn over the HOA thing. He/she painted it a very good thing for mr ben. This and that about transparency. good about this and that. Now, how and where is the HOA now? concluded or what? stupid.
Posted by Kukuman > Jun 17, 2014 09:35 AM Let's put it into another chart to see a more realistic stock performance. 13/11/2013 (Day 001) : 1.120 25/03/2014 (Day 131) : 0.920 28/03/2014 (Day 134) : 0.900 01/04/2014 (Day 138) : 0.890 03/04/2014 (Day 140) : 0.885 04/04/2014 (Day 141) : 0.905 08/04/2014 (Day 145) : 0.895 10/04/2014 (Day 147) : 0.895 14/04/2014 (Day 151) : 0.895 17/04/2014 (Day 154) : 0.900 23/04/2014 (Day 160) : 0.935 30/04/2014 (Day 167) : 0.900 05/05/2014 (Day 172) : 0.895 06/05/2014 (Day 173) : 0.940 16/06/2014 (Day 214) : 1.120 26/06/2014 (Day 224) : 1.140 09/07/2014 (Day 237) : 1.090 (Spin doctors said price will go up after EGM. Don't get conned!) 30/07/2014 (Day 258) : 1.090 01/08/2014 (Day 260) : 1.050 (Some cock here claimed holding for long. Don't get conned! Only good for contra player here) 05/08/2014 (Day 264) : 1.050 07/08/2014 (Day 266) : 1.050 (Spin doctors still claimed hold many. typical bull story) 11/08/2014 (Day 270) : 1.020 13/08/2014 (Day 272) : 1.000 (Spinner said after EGM, price will go up. when?) 22/08/2014 (Day 281) : 0.990 (So sad. one by one, innocent investor come out telling they had bought high after taken-in by spinner's story) 26/08/2014 (Day 285) : 0.925 (Spinner now said this is an Extra Long term stock. Extra Long?) 29/08/2014 (Day 288) : 0.920 12/09/2014 (Day 302) : 0.925 (Spinner said he is FULLY invested in mr ben) 22/09/2014 (Day 312) : 0.920 (Spinner said bond issue is good. what a spin!) 07/10/2014 (Day 327) : 0.875 17/10/2014 (Day 337) : 0.810 (The old spinner retired. Now come a new one) 24/10/2014 (Day 344) : 0.850 (coming to full year of 365 days) 18/11/2014 (Day 369) : 0.800 (spinner is back promoting new story. beware!) 26/11/2014 (Day 377) : 0.740 (New low) 01/12/2014 (Day 382) : 0.665 (New low. FULLY invested spinner in mr ben is either bleeding or give up his spin story) 11/12/2014 (Day 392) : 0.610 (King of spinner is back with long post again. beware! The more he talk, the price get lower) 16/12/2014 (Day 397) : 0.535 (New low)
I am tracking this rubbish company share performance.
Siva68 - no comments on ur earlier remarks. Wish to ask...... paying director fee RM7.5m when profits dropped like hell and dividend declared much lesser than director fee.
Just seen this repeated again and again and no one will invest in BENALEC. Sayonara. Benalec Holding Directors’ Remuneration. From 2014 annual report. They boast that BENALEC management has been very transparent about it. The number of Directors whose total remuneration falls within the following bands is as follows: Range of Remuneration Executive Directors Non-Executive Directors Total : RM250,000 to RM300,000 - 1 Non-Executive RM300,001 to RM350,000 - 2 Non-Executive RM350,001 to RM400,000 - 1 Executive RM400,001 to RM450,000 - 1 Executive RM7,500,001 to RM8,000,000 -1 Executive
Sell more property and land and benifit all these GREEDY directors.
This JJ and Kuku same tardness level. Keep spamming with the same message over and over again. Maybe same person. Again no one cares, you start your own company then you decide how much you want to pay yourself. This isn't your company. Purchased a measly amount and expect to make millions. You're better off buying Toto or Magnum.
Happyvic is one excellent investor. What he/she saying is that you start a company and get listed and then pay yourself a director fee as much as you like and nobody cares. Wow.. this is new logic for public listed company. Good spin though
Posted by happyvic > Dec 17, 2014 11:53 AM | Report Abuse ...... Again no one cares, you start your own company then you decide how much you want to pay yourself. This isn't your company. ...
I'm just saying. If you want 8 million then start your own company and pay yourself that much. Don't condemn other companies. They are all the same. They report low director fees but give themselves good incentives. All corrupted. No such thing as a clean company/government. Make yourself PM of Malaysia and you will be doing the same for sure.
This drop in share market has got nothing to do with the company. It's all due to foreign investors cashing out because they lost faith in our country. Best way to make money is to be brave and invest when market is bad. I believe Kukuman has got something personal against the company. Nothing to do with company performance.
All the same. So don't bother about petty things like that. All companies are like that. I can declare a low director fee but buy myself a BMW and a Bungalow under the expense of the company. Does that make me a good director? Why not? My salary is low... Something to think about. You seem rather naïve in the real world. Thinking that this only happens in a few companies.
If you want a counter that pays out high returns then don't bother looking at other industries. You're better off at REITs. Suggest you go there. It's compulsory to declare all profits to shareholders. Try IGB REIT. At 1.25 I believe its a good bargain
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hunk74
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Posted by hunk74 > 2014-12-12 20:42 | Report Abuse
I meant it could be 'dressed down' for acquisition by a larger maritime/O&G outfit. Anyway, its true that market conditions aren't that great now. Ride out the wave, market will rebound at some point.