@taciturn. u do have your points here and there and so do @where. still very interesting to read both of your comments here. however, the two brothers resigned on goodwill, there are no proofs that showed that they are guilty at the first place. if they do, MD will not let them go easily. so logically thinking, 3 of them are equally 'aware' of it at the first place. Right? anyway im going to leave this arguments to 2 of you guys. Now that they have gotten approvals, let see when the company is going to kick off the reclamation at TP. Good that shares is up as I still have quite a bit in the company at higher price LoL.
target price 74c?!! what a joke! these so-called analysts have been playing and adjusting their target price now and then. all those who bought at above 80 are and still cursing. but the interesting part is the long script writer aka top spinner never failed to impress this forum.
Due to their expertise in reclaiming land can Benalec win anything under flood mitigation projects? Flood mitigation projects will become important after recent flood incidents in East Coast.
rlch: Most such jobs in the past have been given to bumiputra firms in the industry. Especially the long term ones. Inai Kiara and Tidal Marine have gotten some of the more lucrative (especially in terms of recurring income) jobs.
Caveat: This is from personal research as well as from snippets of conversation I've heard from those in the industry, so I could very well be wrong.
Sorry my English not so good as some forumers and rush posting. Due to massive flooding in East Coast recently, Benalec stand good chance to win flood mitigation projects as they have experience in reclaiming land in Malacca and Penang. Since the recent flood is very large scale a bigger company like Benalec have the necessary capital and manpowers to undertake a big project should our government decide.
rlch: You have a point there but personally I'm pessimistic on Benalec's chances to get flood mitigation contracts. Bear in mind that a company like Inai Kiara may be privately oned, but they've got a paid up capital of more than RM200m, which is pretty impressive, and the fact that they control the bulk of existing mitigation works means they've got a good chance to bag any new such contracts.
Also, this is our government we're talking about. How long it'll take them to issue such new contracts (alongside falling oil prices, bigger budget deficit for the country) is also another issue to think on.
taciturn, I read from Star today total cost damage to property and infrastructure due to recent flood is close to RM1 billion. So what if government decide to spend RM100 to RM200 million to prevent future recurrence on flood mitigation projects. I am suggesting to help Benalec shareholders. As Benalec is construction company securing such projects will help further rerating of share price on top of existing order books. Other construction companies are better in securing MRT projects but not Benalec. As for other bidders like you mention Inai Kiara why don't Benalec compete with them?
Benalec Holding Target Prices : Source Affin Hwang Capital. 02-01-2015 TP RM0.74 23-12-2014 TP RM0.68 03-12-2014 TP Rm1.98 These so-called professional analyst’s target prices of Affin Hwang Capital and why they can convey quickly an analyst's point of view, or maybe a 'BUY' from the analyst's point of view and maybe is a 'SELL' to you…..
It's strange how when I take the effort to post to this forum that I took the effort to confirm with Benalec's management that no EIA or development approval has been granted, I'm suddenly taken to be an employee of the company (or god knows what this is) "follower of this MD".
I'm giving what's a negative viewpoint of the company. Of course I understand the less than intelligent - especially those who don't explain their allegations against me when I raise them directly via postings - have problems understanding this.
I guess even when the top negative spinner slows down in his postings here, we have less than intelligent (and intelligible) clones who appear.
Waaa.... Taciturn.... u so powerful and well connected with Ah Ben. By virtual of calling, you can get information or it means Ah Ben run by idiots. Ah Ben needs to confirm whether you from media or minority shareholders. Also, need to confirm your name so that they can check whether are you the shareholders. May I know who you called and confirmed this to you? This is breach of insider dealing because Ah Ben needs to make public announcement to clear news reported by Bernama because this news did not reflect actual status.
Stop lying Taciturn. Either you are working for Ah Ben or follower of MD. Else, dog, cat, bull, cow make call and Ah Ben busy answering them.
Caught red handed Taciturn. Wonder you so confident on Ah Ben which in fact you tried to deceive shareholders here on your thought.
Taciturn .... to prove your innocent, pls tell us name of employee or position who confirmed this news to you else it seems u r employee or simply said you have called. In the past, you never answered my questions specifically and just said boring, tired and etc so not intend to answer my questions.
If you cannot tell us name of employee, it showed you are protecting the employee because you connected to them / him / her or you in fact employee or cheap dog barking for Ah Ben.
I strongly against you Taciturn because it seems no matter how, you always defend Ah Ben even high remuneration of MD. Sounds fishy on your relation with Ah Ben.
where: Whilst, I stated a point that I do not wish to respond to you I have to as you (once again) made uncalled allegations against me and trying to sully my name.
I spoke to the board and management (COO and CFO) during the past AGM/EGM (which you claim you intended to attend but which proved to be totally untrue). That is where I got the bulk of my answers that I have reproduced here for all to see.
And most recently I called Benalec's office. I asked to speak to whoever's handling to IR. I asked a simple question, "As per the Hwang Affin report on December 31, has the EIA approval been granted, or has some form if developmental order been given?" The answer was, "No. EIA approval pending."
This is something that anyone (yes including someone as dungu as you) can do. And this is not insider trading. Only a moron will believe that verifying something said by an unrelated party to be untrue is insider trading.
I highlighted the reasons for the "high remuneration". Whether anyone wants to believe it, that is their business, not mine. I give you what they tell me. You don't like it, so be it. These are not my words, but theirs. Only the most stupid of persons can't understand that after reading my statements.
You claim I've committed insider trading. Report me to the SC if you believe that to be true.
If not shut up, and run away with your tail behind your legs. I am sick and tired of dealing with people like you. All you seem to interested in is to push the company down (for schadenfreude reasons I'm sure), as can be seen with this quote:
"where: i wont stop anyone who believe approval obtained anyway and buy now 02/01/2015 15:50"
Guess, what? You can't stop anyone. It's not up to you if someone wants to buy or sell their shares. At the end of the day, you're a nobody.
Man up for once, grow a pair. Report me to the SC. I would love to see them responding to your imbecility.
Thanks for the comments guys. Appreciate the support, staind86.
Was having a really rough day (New Year blues) and probably shouldn't have posted my comment today but that guy really gets my goat with his constant new lows of imbecility.
where , if you indeed think Taciturn is involved in insider trading, you should report to SC. Taciturn has thrown you a challenge, do not let you balls kecut. This will be a great service to this forum , and we stand to see the ' spinner 'revealed of his true colour.
And, allow me to naively ask if you will, what is the significance of arguing over whether there is any boardroom tussle between Vincent Leaw and his brothers, now that the 2 elder brothers are no longer in the running of the company?
taciturn, just ignore those that always give a negative thoughts. They are trying to push the price down, so that they will keep collecting, Once the approval is obtain and the price appreciate to around RM 1.50+, They are the one's to benefit the most.
My view: It's a huge cut by DOE (from 1600 hectares to 405 hectares), but I think they knew it was coming. For one thing Forest City is literally next to Singapore, and for another, all reports indicated that they'd started reclamation works before EIA approval and were carrying on works even when official complaints had been lodged. Things only slowed down after Singapore started screaming bloody murder.
With regards to Benalec, do take the time to look at the map in the article (Benalec's shaded area there refers to Tanjung Piai). Whilst it can be considered somewhat of a risk (Forest City got whacked, will Tanjung Piai receive the same treatment too?) bear in mind that Tanjung Piai's location relative to Singapore is a lot further away.
Who knows the answer? Not me. If you have kangtao with the DOE's EIA committee, feel free to find out. :p
In other news, volume for today stands at over 4 million shares as at 9.14am. Price is up 2.5 sen to 66.5. I have no clue why the price/volume is trending upwards but am hoping it continues to do so. I'm sitting on a pretty substantial paper loss at the moment and it can be a bit depressing at times to look at it.
Posted by where > Jan 4, 2015 08:08 PM | Report Abuse Taciturn .... to prove your innocent, pls tell us name of employee or position who confirmed this news to you else it seems u r employee or simply said you have called. In the past, you never answered my questions specifically and just said boring, tired and etc so not intend to answer my questions.
If you cannot tell us name of employee, it showed you are protecting the employee because you connected to them / him / her or you in fact employee or cheap dog barking for Ah Ben.
I strongly against you Taciturn because it seems no matter how, you always defend Ah Ben even high remuneration of MD. Sounds fishy on your relation with Ah Ben.
@Kukuman .... very obvious already that this Taciturn will side Ah Ben no matter how. Asked him for name of employee, he/she will shift our attention to others things.
where, it is normal for people to take side. but this taciturn ID spins day in day out with super long post. last time there was a group of them using different IDs trying to con many people. sadly, many get conned by him/her
HAHAHA! Good one almu... let kukubird and his gf solve their side mystery of which came first, chicken or the egg... either way we don't care... just deep fry both... good vibes good vibes...
taciturn: I am of the view that the worst is behind as far as Benalec is concerned. Just hold tight and be patient and you will have the last laugh. Btw, I added on more shares on this counter after attending the AGM and I am quite happy with what I have done.
Ha ha , I am all but amused, it is all about taking side coming to this forum as far as where is concerned. As investor we are interested in only events that will shape the future movement of share price. The all important issue now is whether EIA is through or not through, does the name of employee who revealed the status of EIA issue ( if indeed DEIA is approved ) matter so much ? where, you seem to to be more concerned with petty and trivial matters rather than the big picture.
Vin Han .... insider trading then is unfair to all of us here. That's why i am anger how come certain person possess insider information. I wonder how come Ah Ben allows their employees doing it
ykloh: Yep, praying real hard that everything works out.
One fact of interest, if I'm not mistaken, the Forest City joint venture came about in early 2014. They only got the EIA submission done in the latter half of 2014. Even with all the flouting of the rules (started reclamation etc) and the location of their concession, they still received approval for 400 hectares.
Benalec's concession woes have taken more than 4 years, and the dealings with the DOE and their own EIA consultant must have been nightmarish (heck, the consultant's fees alone are in excess of RM22m). Going by the book all the way, making all the I's are dotted and all the T's crossed, I'm praying they'll be able to get complete approval for the whole concession.
CB conversion price has been set at RM0.705 per unit. Bah, wish this had been delayed for a few days, then the conversion price would be a little higher resulting in a lower earnings dilution potential.
1st create rumours on approval of concession 2nd share price up 3rd fixed the price of CB. 4th share price start to fall 5th some got con 6th on subscription date for CB, spread rumours again and those kia sue will subscribe the bond 7th Fund raising successful 8th Use money from bond to pay another RM 6million as salary for MD 9th Explain to shareholders that the salary already lower if compare to last year 10th Shareholders hoo haa again 11th the MD smile for shareholders stupidity
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Posted by Serenitynow > 2015-01-02 15:38 | Report Abuse
Approved? How come no official announcement in Bursa?