Posted by Karlos > 2020-03-29 10:46 | Report Abuse

The notes to the latest quarterly result says only RM 129 m redeemed and still outstanding RM 71. Can some one clarify?

Posted by GooShem > 2020-03-29 11:09 | Report Abuse

16 cent price and now only 0.55... lol. already Holland 99 please don't Holland people

Posted by Karlos > 2020-03-29 11:34 | Report Abuse

Latest Q Report also atated Benalec has more than 12.7 m treasury shares bought at an average cost of RM 1.00 per shares.
Crazy cost price! How can that happen?

Posted by GooShem > 2020-03-29 11:41 | Report Abuse

what so suprise? many com or boss also acquired higher price.

Posted by Peter2357 > 2020-03-29 11:53 | Report Abuse

I am looking for bullets to average down but with already few hundred lots in hand not easy to average down

Posted by Peter2357 > 2020-03-29 12:08 | Report Abuse

Moreover also have to consider my single counter limit of purchase.

Posted by Karlos > 2020-03-30 08:50 | Report Abuse

GooSham, but RM 1.00 far too high than average pricees.

Posted by tah16600 > 2020-03-30 11:05 | Report Abuse

Macai of Dato Leow accumulating

Posted by Michael Kwok > 2020-03-30 20:13 | Report Abuse

It's going to fly soon.Buy rm 10k each person.Monthly oversold for over 2 years.Weekly also oversold for a while.Please monthly oversold(0) means can keep 6-12 months.

Posted by Michael Kwok > 2020-03-30 23:50 | Report Abuse

Benalec redeem 129 million back.So less debt.The account show me Benalec redemption 129 million back.Someone say Benalec no money to redemp back rm 188 million.

Posted by Michael Kwok > 2020-03-30 23:53 | Report Abuse

Now 40 over million only from 188 million for rcsb(redeemable convertible secures bond).

Posted by Michael Kwok > 2020-03-31 00:02 | Report Abuse

Its give me the higher chances to sink Calvin from Singapore of Netx 2 cents vs Benalec of 16 cents.Some-more Benalec shares easy to push if wait.

Posted by Michael Kwok > 2020-04-01 11:25 | Report Abuse

Please read.buy Benalec.Let made it big.Rm 15k per person.Benalec redeem it bond.If it's redeem its bond 129 million Can it going bankcrupt?How to bankcrupt.There some stupid people twisting the facts.Please read all my blog in here then decide.Me in rm 25k previously.

Posted by Michael Kwok > 2020-04-01 11:33 | Report Abuse

Recommend Benalec.Buy big.Rm 15k.Its ripe for making profit(all impairment should be deduct out after few years).Redeem over 120 million going to bankcrupt.Its show the company stable.

Posted by Michael Kwok > 2020-04-01 19:49 | Report Abuse

These may be another takeover or privatize counter.Im not surprise some big gun scare off most of the investor to ....

Posted by benteo78 > 2020-04-01 20:47 | Report Abuse

I buy today to average my cost....so scare

Posted by tah16600 > 2020-04-02 15:08 | Report Abuse

No demand dead counter

Posted by tah16600 > 2020-04-02 15:08 | Report Abuse

Better buy Luxchem

Posted by Michael Kwok > 2020-04-02 17:57 | Report Abuse

The boss of Serba Dinamik should should takeover or privatize this counter.There many big businessman Malay and Chinese with rm 1 billion above.Maybe 150-200 people.Some-more there Khazanah which Muyiddin(PM in),EPF,Tabung Haji,LTAT and others.

Posted by benteo78 > 2020-04-04 00:23 | Report Abuse

y not the lease bro buy back now? so cheap now...

Posted by Michael Kwok > 2020-04-04 19:46 | Report Abuse

Just wait.Patient is the games.I have been in this situation.Some-more there repay the money 129 million.I watch the financial statement.Losses not due to no profit but large impairment of assets,equipment and other.If u have money buy Armada and KNM Ben.

Posted by Michael Kwok > 2020-04-04 19:59 | Report Abuse

KNM 14.5 cents and Armada 16.5 cent.

Michael Kwok
1622 posts
Posted by Michael Kwok > Apr 4, 2020 7:46 PM | Report Abuse X

Just wait.Patient is the games.I have been in this situation.Some-more there repay the money 129 million.I watch the financial statement.Losses not due to no profit but large impairment of assets,equipment and other.If u have money buy Armada and KNM Ben.

Posted by RedEagle > 2020-04-04 20:00 | Report Abuse

MOSCOW: Russia bersedia bekerjasama dengan Arab Saudi dan Amerika Syarikat (AS) untuk mengurangkan pengeluaran minyak, kata Presiden Vladimir Putin, semalam.

Beliau berkata, Russia sanggup membuat perjanjian dalam rangka kerja kumpulan OPEC+ dan bersedia bekerjasama dengan AS dalam isu itu, menurut satu kenyataan dikeluarkan oleh Kremlin.

“Saya percaya penggabungan usaha adalah perlu bagi menyeimbangkan pasaran dan mengurangkan pengeluaran,” menurut kenyataan itu.

Harga minyak jatuh dalam beberapa minggu kebelakangan ini susulan kemerosotan permintaan dan ketidaktentuan ekonomi global akibat pandemik COVID-19.

Bulan lalu, OPEC dan sekutunya gagal mencapai persetujuan berhubung pengurangan pengeluaran minyak selepas Moscow yang mengetuai OPEC+, enggan mengetatkan pembekalan bagi menangani kesan wabak berkenaan.

Putin dalam satu perbualan dengan Menteri Tenaga, Alexander Novak, berkata Russia bersedia berbincang mengenai ‘pengurangan kira-kira 10 juta tong sehari, sedikit kurang, mungkin sedikit lebih’.

Katanya, Russia berhubung rapat dengan Arab Saudi dan beliau juga telah bercakap dengan Presiden AS, Donald Trump, baru-baru ini. - AFP

Posted by Michael Kwok > 2020-04-06 19:17 | Report Abuse

Wait for 1 years or more.Consider medium to long term.If let say got above 30 cents I sells.The project already on the 4-5 years.Profit flowing in from gross profit.Losses due to impairment.There paid back rm 129 million to redeemed back the convertible bond.

Posted by FoolsGold > 2020-04-06 20:20 | Report Abuse

@Michael Kwok, thks so much for imp. info, must wait for 1 years. U r really a saint in disguise le,
most mortal like me just dont have the patient to wait 1 week, 2 weeks already pengsan liao..
thks any way...

Posted by tah16600 > 2020-04-07 08:52 | Report Abuse

Dato sleeping all day long since listing

Posted by Michael Kwok > 2020-04-07 12:08 | Report Abuse

Dear,that the worst case scenario.Some-times investment is about patient.Best case 3-5 months.Duh.

Posted by tah16600 > 2020-04-08 10:48 | Report Abuse

After redeem the bond, left only abt 30m, cash . If reclaim land cannot be sell, got problem löl! Admiin.n other expenses cost more than 50m per yr . . PP shares is otw lol ! die !!!!!!!

Posted by tah16600 > 2020-04-08 10:59 | Report Abuse

Got big cockroach in d closet, beware !

Posted by benteo78 > 2020-04-08 11:18 | Report Abuse

u mean the company got big corkcroach??? then sure gone...no income but keep spending

Posted by tah16600 > 2020-04-08 11:29 | Report Abuse

If no coockroach, sure the share will go up after crash

Posted by tah16600 > 2020-04-08 11:34 | Report Abuse

I kept 10 yrs since IPO Rm 1 now 7 sen omg !, Average 16sen kena again shit cts !

Posted by tah16600 > 2020-04-08 11:37 | Report Abuse

Luckily I buy Minetec , now paper gain.

Posted by tah16600 > 2020-04-08 11:46 | Report Abuse

Now I hesitake to buy but kept monitoring , I am worry pp shares coming since cash now so low.

Posted by Michael Kwok > 2020-04-08 21:06 | Report Abuse

Tah please go and study accounts.The administrative and other account looks high due to impairment of assets,equipments and others .Its already 3 years there do tht.Should be lower next.

Posted by Sansing > 2020-04-09 15:22 | Report Abuse

Why AR 2019 not out yet ?

Posted by tah16600 > 2020-04-10 10:12 | Report Abuse

Maybe got problem kut !

Posted by tah16600 > 2020-04-10 10:18 | Report Abuse

Got problems among the brothers few yrs ago but now t have no idea what is going on in the company cos I also got trap here

Posted by limko1 > 2020-04-10 10:24 | Report Abuse

Luckily I got out few years ago after cut loss by 40% of my original costs. Got interested in this company thinking that few competitors in this land reclaimation business.
But the real culprits are the board of directors, all are there to enrich themselves at the expense of the other shareholders. A nest of rats and snakes, may they rot in hell.

Posted by tah16600 > 2020-04-10 10:24 | Report Abuse

Perhap Mr Michael Kwok knows more abt this company cos I notis he bought a lot recently..

Posted by tah16600 > 2020-04-10 10:42 | Report Abuse

Thought of average some more but dare not even though fire sales now. Last few years plenty of cash now left abt 30m . This amt. cannot even cover the admin. n other expenses amt to 50m/yr.
No wonder Sifu Calvin also dare not buy. Like u, I am also waitng for the 2019 AR .. Normally Dec. aldy out , now APRIL, like Malay saying habok pun tak ada

Posted by clp72 > 2020-04-10 10:46 | Report Abuse

ya la... boss salary itself is RM 9 million a year for losing money...

Posted by tah16600 > 2020-04-10 11:05 | Report Abuse

What happen to all the top 30 shareholders, sleeping? Shd change CEO mah!

Posted by tah16600 > 2020-04-10 11:29 | Report Abuse

Got cash flow problem , PP shares is OTW

Posted by Sansing > 2020-04-10 11:37 | Report Abuse

Ayo ! like this koyak lah !

Posted by Sansing > 2020-04-10 11:41 | Report Abuse

No wonder got Sifu said cannot buy.

Posted by Michael Kwok > 2020-04-10 23:20 | Report Abuse

When cheap sifu say dun buy,when expensive sifu say buy.U all must be nut.3 years +++ losses due to impairment or depreciation of assets,equipment.y.Due to new accounting standard.There sold it in stages( that y losses come).

Posted by Michael Kwok > 2020-04-10 23:27 | Report Abuse

I buy at 16 cents with rm 25k.one thing,monthly oversold more than 2 years.The sifu must be nut and half-full.Name of the sifu.

Posted by Michael Kwok > 2020-04-10 23:46 | Report Abuse

Me is trusted name in 2 website.OTB also quiet when meet at one of the counter website.

Posted by Michael Kwok > 2020-04-10 23:48 |

Post removed.Why?