the most important thing in stock investing, Peter Lim once said, is maintaining your cash flow. He was also the idiot who pumped 10 million into Wilmar in the early years....
Bently: Keep carrying on with your irrelevant news links and petty bullshit.
If you actually believe that what I have given you is insider information, then please, report me to the SC. I laid down that challenge to one spineless cur (where) and he of course did not have the pair to back it up.
I have wasted enough of my time with you as is. Feel free to join the exalted ranks of the "godlike" beings here including but not limited to kukuman, where et al.
Oh and I note, you have declined (as per usual with a lot of people here) to explain WHY you are posting links to irrelevant articles on this board, the Benalec board. Not the MPIC board, not the Sime Darby board, not the Tanjung Offshore board, and not the board for sank barges that sink. The Benalec board.
where is Taciturn gang? talk loud shaking cock causing shareholders lost more money. Now Taciturn is like Ah Jib Kor.... Nothing to Hide to Something to Hide. Ah Ben is like 1MDB just Taciturn pusing pusing everyone to believe nothing is happening.
losing :"Hi guys stop challenging each others. It depends on at what price you brought the share.
Hi Ahmadzul.................. unsure why u so angry. Must wait for coming MOU with 1MY on oil and gas. If sign, i believe share price can reach RM2.00 and wont be white elephant.
I have _never_ once told anyone on this forum to buy or sell their shares. I give my analysis, it is up to readers to decide whether to make that decision. No one is putting a gun to your head.
I understand that some people with their lesser intelligence cannot understand that:
a) the stock market is like shit at the moment. It does not help that the economy and our government are screwed up b) Benalec's last quarterly results was beyond crap. And as I have stressed before when said results comes out, I do not expect the upcoming 4th quarter results to be any better. Again this is _MY_ analysis. I am not omniscient, else I would not be here wasting time writing on this board when there are parasites like the above making stupid posts. c) The world economy looks more buggered up than ever. Greece looks totally screwed and hey, we are gonna have one hell of a cascading effect.
You can call it spinning all you want. At least I stand by my points made. Tell me, what have YOU contributed to this forum? Except having to change your userid to its current one after your previous ID stinks worse than chao tao fu.
All you can do is "pusing, pusing" with your negative points. Any fundamental analysis? Any real points to make about the company? Nono, make your grand statements, like how eldest brother donated a van in Melaka. That is the highlight of your existence here.
That is the best he can do. A spineless coward, when no doubt the current ID stinks as bad as its previous one, he will change it once again.
PUTRAJAYA, Mar 12 -- Prime Minister, Datuk Seri Najib Tun Razak and Crown Prince of Abu Dhabi, who is also Deputy Supreme Commander of United Arab Emirates (UAE) Armed Forces, General Sheikh Mohammed Zayed Al Nahyan witness the exchange of memorandum of understanding between International Petroleum Investment Company represented by its Managing Director, Khadem Al-Qubaisi, Datuk Mohammed Azhar Osman Khairuddin (seated second, right), Chairman of 1MY Strategic Oil Terminal Sdn Bhd, the Government of Johor represented by its Secretary, Datuk Obet Tawil (seated, second from right) and Spektrum Kukuh Sdn Bhd which was represented by its Group Managing Director, Datuk Vincent Leaw Seng Hai (second, right) at his office in Perdana Putra Building, here today. General Sheikh Mohammed is on a one day official visit to Malaysia at the invitation of the Prime Minister. --fotoBERNAMA (2013) COPYRIGHT RESERVED
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) 23/12/2014 (Day 404) : 0.590 AGM AGM AGM. Spinner gives "live" updates in this forum about AGM. believe? After that post extra long comments. 06/01/2015 (Day 418) : 0.630 Price depressed for so long, but shameless king of spinner is still around promoting mr ben 22/01/2015 (Day 434) : 0.750 Someone complained I should track price based on lowest price 0.535! that's so deceiving! 23/01/2015 (Day 435) : 0.750 No DOE announcement. King of spinner caught lying again ! 26/01/2015 (Day 438) : 0.720 Thick skinned king of spinner still has the audacity to scold people after caught lying 28/01/2015 (Day 440) : 0.805 The market didn't give a damn to the doe approval news. 03/03/2015 (Day 474) : 0.830 DOE approval come and go. The market didn't give a damn to the doe approval news. Don't be taken for a ride by king of spinner 27/03/2015 (Day 498) : 0.805 DOE approval still no impact. pity 31/03/2015 (Day 502) : 0.785 So many still in denial. This is rubbish company 06/04/2015 (Day 508) : 0.735 Where have all the idiot spinners go? so deafening now! 25/05/2015 (Day 557) : 0.705 Q1 making losses ! judge yourself 16/06/2015 (Day 579) : 0.565 pity. some idiots like to defend the indefensible
I am tracking this rubbish company share performance
then perhaps bottom is not far away, but i will see how the next quarter results will be first prior to any re-entry move, taking into consideration of the lumpy nature of benalec business model
I am vindicated. I suspect all long term investors here already abandoned this company except a few die hard fan of mr ben especially the one who has a penchant for long long post aka king of spinner !
Posted by Muarmali > Jun 19, 2015 09:19 AM | Report Abuse a company with never ending infighting. wasting time and money investing in this counter
Posted by Harold Huong > Jun 19, 2015 09:21 AM | Report Abuse Money can cause a fighting/war between friends, family n even business partner...common
Posted by Ryanteh > Jun 19, 2015 09:47 AM | Report Abuse Just enjoy to watch the show episode TWO BENALEC sibling rivalry, PIRATE VS ROBBER..
Perhaps you don't understand trading... for one to abandon his shares, someone else must be buying... one man's meat is another man's poison... I don't think you need to be highly educated to understand this... hmmm...
The one & only thing I don't like about this company is the remuneration of the MD. He alone got paid RM8mil. This is not in line with similar industry IN Malaysia. It tells you something how he treats the shareholders and the company.
Although debt or gearing is high to my dislike, I can accept it due to the nature of its business. Also quite disappoint with its recent financial results. With oil prices so low, this should have benefit the company bottom line. But no.
Overall, I like its business model. Benelac almost can be consider as monopoly in its specialize business with its economy of scale. It is big enough to take big projects. I think E&O will award Benelac again for its STP2 project in Penang soon.
If the Kedah chap is not so grossly greedy, I would say Benelac is a good investment.
I agree with you as the company is in niche business.It may take time to realize good profits esp in land disposal. I see the price bottoming n once deals are clear, can expect decent price movements. Just my opinion....
Very informative post by @happyvincent. By any standards - especially in Malaysia - the MD's pay is indeed excessive. How to justify especially when the company's stock price has gone down lower and lower? And its business performance is nothing to shout about either.
No reason for investors to put their money in this company which exists only for the MD's direct benefit. The only situation where one may put in money if it's on an uptrend. Remember, our one and only reason is to make money. Even if we don't like how Benalec is run, if there's opportunity to make money, then we should go for it. But that time is definitely not now.
It is reclaiming land at Tg. Piai, right? Some investors already think this is `great'. But must remember the costs of reclaiming and complying with the various environmental regulations.
And what will the reclaimed land be used for? This is crucial. E&O, for instance, has a very good plan with its reclamation at Seri Tanjong Pinang. Phase One was successfully implemented so it's reasonable to expect them to carry out Phase Two as well. But even E&O's shares aren't selling like hot cakes right now.
As for Benalec, we have to see its record. And this is hardly impressive. I think it's trying to project itself into something like Dialog (with its O&G storage facilities on reclaimed land) or Muhibbah. But nowhere near these companies. But keep an eye out on its movements. Occasionally, for some reason, it would be in the limelight. We might as well try to ride on the momentum and make a quick profit or two. But as "an investment"... not attractive at all.
@Bently 5 sen dividend... at its current price, the dividend yield will be something like 9%. VERY attractive :-) But it can give better dividends if it cuts down on the remuneration for the upper management. This is way excessive and eats away at whatever profits.
MATERIAL LITIGATION BENALEC HOLDINGS BERHAD ("BENALEC" OR "THE COMPANY") Writ of Summons and Statement of Claim filed by Glenmarie Cove Development Sdn Bhd vs 1) OG Marine Sdn Bhd 2) Benalec Sdn Bhd (Shah Alam Sessions Court Summons No: B53-1-07/2015)
Lawsuit against Benalec's wholly owned subsidiaries.
Does not seem to be really material though. Potential damages capped to under RM1 million ringgit.
hcsjeff: Yeah, my friends have been asking me if it is sustainable assuming that there is no news coming. With the slack volume it is hard to imagine it continuing in all honesty.
The Company wishes to announce that Dato' Leaw Seng Hai ("1st Defendant") and the Company's wholly-owned subsidiary, Benalec Sdn Bhd ("2nd Defendant") (collectively "Defendants") had on the 22 July 2015 been served with a Writ of Summons and Statement of Claim dated 8 July 2015 filed by Sentosacove Sdn Bhd ("Plaintiff") through their solicitors Messrs. David Lai & Tan against the Defendants. http://www.bursamalaysia.com/market/listed-companies/company-announcements/4809061
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 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) 23/12/2014 (Day 404) : 0.590 AGM AGM AGM. Spinner gives "live" updates in this forum about AGM. believe? After that post extra long comments. 06/01/2015 (Day 418) : 0.630 Price depressed for so long, but shameless king of spinner is still around promoting mr ben 22/01/2015 (Day 434) : 0.750 Someone complained I should track price based on lowest price 0.535! that's so deceiving! 23/01/2015 (Day 435) : 0.750 No DOE announcement. King of spinner caught lying again ! 26/01/2015 (Day 438) : 0.720 Thick skinned king of spinner still has the audacity to scold people after caught lying 28/01/2015 (Day 440) : 0.805 The market didn't give a damn to the doe approval news. 03/03/2015 (Day 474) : 0.830 DOE approval come and go. The market didn't give a damn to the doe approval news. Don't be taken for a ride by king of spinner 27/03/2015 (Day 498) : 0.805 DOE approval still no impact. pity 31/03/2015 (Day 502) : 0.785 So many still in denial. This is rubbish company 06/04/2015 (Day 508) : 0.735 Where have all the idiot spinners go? so deafening now! 25/05/2015 (Day 557) : 0.705 Q1 making losses ! judge yourself 16/06/2015 (Day 579) : 0.565 pity. some idiots like to defend the indefensible 31/07/2015 (Day 624) : 0.595 pity
I am tracking this rubbish company share performance
they get the land title for melaka land and will be recognising the revenue. also in progress to sign MOU with new buyer of tg piah project. it wouldn't be 1000 acres but at a smaller size.
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Posted by zero > 2015-06-12 14:55 | Report Abuse
the most important thing in stock investing, Peter Lim once said, is maintaining your cash flow. He was also the idiot who pumped 10 million into Wilmar in the early years....