KUALA LUMPUR (Nov 19): Dialog Group Bhd's Executive Chairman Tan Sri Dr Ngau Boon Keat said the oil and gas service provider has been flexible in this current state of depressed crude prices.
Apart from breaking down its revenue stream equally to upstream, midstream, and downstream businesses, Ngau said Dialog's upstream business has diversified its clientele to include non-oil and gas entities.
The aggregate remuneration of Directors for the financial year ended 30 June 2011 is as follows:- No. of Directors - 6 RM50,000 below – 1 Independent Non-Executive Director RM50,001 to RM100,000 - 2 Independent Non-Executive Directors RM750,001 to RM800,000 -2 Executive Director RM900,001 to RM950,000 -1 Executive Director
Benalec Holding financial year ended June 30, 2011 (FY11), which is Benalec’s full-year net profit that year was RM96,081 million, dividend paid 2 Cent.
Hah ! How is this rubbish stock doing ? And where is the king of spinner of this stock ? Those who still believe him/her and holding this stock as Extra long term stock, no mercy for you. Serve you right ! Pity
KUALA LUMPUR (Nov 23): Inix Technologies Holdings Bhd ( Valuation: 0.00, Fundamental: 1.65), which is in the midst of acquiring a 30% equity interest in Galactic Maritime (M) Sdn Bhd, said Galactic has bagged a RM34.5 million contract to supply three vessels for dredging and land reclamation services for a project in Penang. http://www.theedgemarkets.com/my/article/inixs-soon-be-associate-galactic-bags-rm345m-job?type=Corporate
Revenue: RM44.04m Profit from Operations: RM6.315m Profit Before Tax: RM2.001m Net Profit: RM1.861m
Small profit overall. Finance costs took a decent of it (RM4.314m) or you'd be looking at a net profit of almost RM6m. Higher finance costs came from the RM200m CB interest of course.
Am not happy about the latest quarterly results notes. For some reason most of section 22 (Status of corporate proposals and utilisation of proceeds) has been culled. In previous results, there was always a breakdown on outstanding land sales and their statuses which helps to determine how things are going. That has been removed. Already made one complaint about it, going to make more.
During the AGM, I asked several questions on the status of announce land sales.
1) Faithview Supreme - RM51.47m. This was expected to have been booked during this quarter but it did not happen. As at the AGM, it still has not been booked. The delay seems to be on the buyers side. If it is not booked within the next one month or so, it will not be recognised for Q2FY16. Not happy overall about this but it seems to be out of management's control.
2) Ultra Harmony - 4 tranches, about RM50m each. Tranche 1 was booked in Q4FY15. According to management, Tranche 2 was booked as at two weeks ago (meaning it should be reflected in the Q2FY16 results. Still expecting completion of all tranches in FY15.
3. Jadex Land (RM35.4m), Quality Paradise (RM71.84m), Arena Progresif (RM128.9m) - All these land sales involved progress payments. 10% on signing, 20% after 3 months of signing, 30% after 6 months of signing, final 40% after 12 months of signing.
From what I understand, for all three deals, Benalec has received the first three stages of payment (10%, 20% and 30%) and is now waiting for the final payment. None of these payments can be booked as revenue until the last payment has been received and the title transferred. Expected completion of all three deals is again FY16.
KUALA LUMPUR (Nov 27): Eastern and Oriental Bhd (E&O) ( Valuation: 1.10, Fundamental: 1.10), which saw its second-quarter net profit jump 15.1% year-on-year on higher revenue, said its Seri Tanjung Pinang Phase 2 (STP2) project is on track with the commencement of reclamation works expected to take place before the year end.
In a statement today, E&O deputy managing director Eric Chan Kok Leong said the syndicated term loan for the project will be signed soon.
Last month, Chinese contractor China Communications Construction Company (M) Sdn Bhd was awarded the RM2.32 billion worth of land reclamation works for STP2.
GEORGE TOWN: Gamuda Bhd-led project delivery partner — SRS Consortium Sdn Bhd — for the Penang Transport Master Plan (TMP) estimates the cost of reclaiming two islands measuring about 1,300 acres (526.1ha) and 2,100 acres to be about RM7 billion to RM8 billion.
This is an EXTRA long term stock. Not i say. The king of spinner taciturn said it in promoting how good is this company. Rubbish ! Stupid as stupid does
oh I'm sure most people are smarter than you gramps... look at yourself... asking 15 year old kukubird if it will touch 50 cents... who knows... buy at your own risk
Tj piah plan to reclaim then sell for reason of the confident of buyer till completion. That said it will reclaim by phases to conserve cashflow with Phase 1 at 200 acres. there are pro and cons, that it get a premium selling price but need high capex.
With the loan stock of rm120 + the future RM500mil collection on the signed S&P, they should have enough cash for it.
The key point is when can they get the individual land title issue by land office for the RM500mil order book of which reclaim completion work is at 90%.
Anyone is familiar with land office procedure, could you please share what is the normal time lap to received a land title in Melaka?
Posted by JKing on Apr 30, 2015 09:45 AM | Report Abuse
the brother story is history, let look forward. Secure sale as of today is RM500mil to be completed by FYE 2016 giving a 12 cent EPS with estimated cash in flow after deducting the remaining work needed to be done is RM350mil.
moreover there are a few hundred acres left in melaka available for sell and taking the historical selling price and estimated profit, is about RM300k per acre.
That is all secure sell and assets and you can read that from the financial statement.
Don't rely on the share price movement to determine the company performance as market sentiment sometime like to overall reduction. Focus on what the company have and worth.
To response to the high PE ratio, we would need to understand how is the accounting recognisition insist of relying on the quarter result. Benalec do not follow percentage of completion recognition but recognise in total upon fulfilling all term and condition in the S&P. To have a better picture you might consider look at average per 2 years earning for PE calculation as mostly all deal completed with 2 years from the S&P agreement.
Hope i clear the doubt of some of the investor in this forum.
I see a new spinner coming on board. By the way, almost all here are no investor. They are just ignorant gamblers. All true mr ben's investors already dumped this company long time ago except one maybe... the king of spinner aka taciturn
Let stop all this arguement, all investors aim is making money, I sold off benelec two years ago and just thinking I should buy Back at below 50 Sen. I invested for almost 40 years, it could be long before some one was born, sure I am not a prince, or related to jack ma, but that should not stop me from telling you that I made enough for my rest of my life. This forum is not for people to carry out personal attack, it is for sharing opinion, do you need to be relative of Li ka shing to live comfortably? You mean all the well to do people in malaysia are all related to him...inclusive Mr Koon yew yuen, ..childish ....so childish ...still long way to learn, Mr Warrior_justice. Hope that answer your doubt,,
I am so upset by this badly bought up kid saying I have no shame to say I live comfortably due to investment in Klse, do I need to list all my properties,, telling you where I stay and what cars I am driving in order to shut your mouth in this forum, so you will judge whether I talk nonsense or the truth. Kukuman, thank for your solid comment on Ben , I hold till today, waiting for 50 Sen and below to get in.
cool it, Yippy68 You do not need to prove anything to anybody. Live life as good as you know how to. Don't feel being victimised by negative circumstance and let life turn sour like some here do
Benalec may well prove to be extra long term investment like Kukuman said and is certainly not for non-investor like he himself;A mature person takes responsibility for his own action, blaming others will only make us feel victimised;can't stand the heat?get out of the kitchen
Me as non-investor ? Are you implying that a real investor will invest extra long term in mr ben ? Pity. A real investor will not investor in mr ben. Only dumb person with no sense what is good or bad company will still put money for extra long term investment
Introducing MY's First IPO Fund for Sophisticated Investors!
MQ Chat
New Update. Discover investment communities that resonate with your ideas
MQ Trader
M & A Value Partners IPO Equity Fund has been launched - Targeted 13% Return p.a
Latest Videos
0:17
New IPO: Building management systems (BMS), solar thermal systems and energy-saving services provider, Solar District Cooling Bhd aims to list on the Ace Market!
MQ Trader 374 views | 2 d ago
0:17
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 11714 views | 10 d ago
0:17
New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
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....
DreamCapturer
1,172 posts
Posted by DreamCapturer > 2015-11-11 10:51 | Report Abuse
too slow