Don't waste time here lah ! change your mind set if u want to make big money .Go for gloves n condom ctrs loh!. MCO worldwide will boom this 2 commodities loh! Folks
Don't waste time here lah ! change your mind set if u want to make big money .Go for gloves n condom ctrs loh!. MCO worldwide will boom this 2 commodities loh! Folks
Excuse me,it's not easy to find people who know the industry well and maintain the cost.The losses for Benalec due to impairments and losses due to selling depreciation assets.If u all figures out the the plant,property equipment getting lower in numbers There are cleaning out underperforming assets.Tht y Posted by happyvincent > Apr 29, 2020 8:24 AM | Report Abuse
Directors’ Remuneration of Benalec Holding VS Muhibbah Engineering (M) Bhd.
Benalec Holding Directors’ Remuneration. No. of Directors - 6 RM150,000 to RM200,000 – 2 Independent Non-Executive Directors RM200,001 to RM250,000 - 1 Independent Non-Executive Director RM250,001 to RM300,000 -1 Executive Director RM450,001 to RM550,000 -1 Executive Director RM7,000,001 to RM7,500,000 -1 Executive Director
Muhibbah Engineering (M) Bhd Directors’ Remuneration. No. of Directors - 9 Below RM100,000 – 3 Independent Non-Executive Directors RM150,001 to RM200,000 – 1 Independent Non-Executive Director RM800,001 to RM850,000 - 1 Executive Director RM850,001 to RM900,000 - 1 Executive Director RM900,001 to RM950,000 - 1 Executive Director RM1,150,001 to RM1,200,000 - 1 Executive Director RM1,450,001 to RM1,500,000 - 1 Executive Director
The remuneration package paid to Benalec Holdings Bhd’s group managing director Datuk Leaw Seng Hai, which has been labelled “excessive”, has roused the ire of some minority shareholders.They claimed that Leaw’s remuneration ranges between RM7.5 million and RM8 million in the group’s financial year ended June 30, 2014 (FY14), which is comparable to Benalec’s full-year net profit that year, which was RM7.12 million. http://www.theedgemarkets.com/my/article/benalec-md%E2%80%99s-remunera...
Listen to the Business Radio Station BFM 89.9 to hear how they comments the higher paid of Benalec Holding RM8million to MD remuneration. http://www.bfm.my/biztalk-dom-141223.html
As I mentioned earlier Benalec will have problem with paying full amount of RM 200 m bond on the 5th anniversary of the issue. However Benalec luckily got an extension of time of 3 moths to pay the balance of RM 53 m with some penalty interest. Now is not an easy time to raise funds and what will happen if Benalec failed to fulfill this obligation ???
There all are the great dinosaur telling to sell.Where got no money.Benalec can sells it right 2 right(ex.30 percent for several hundred millions).Its also stated before joint development for the 2 reclaimation land before.The right also can secure long term borrowing let say 10-20 years.Its also had its land in Melaka and near a port(100 percent done) in Selangor but not yet revalue yet(4-5 years ago pricing).
The operators r really dinasour he want to buy cheap only.. He will squeeze until your balls flat .A check at the AR2018 . ,still got abt 52% free float shares .So I think it will take long time to move.Meanwhile better concentrate at gloves n condom ctrs. folks
I am also one of the victims lol!. Holding IPO price until now lol! . Average at 16 cts also diel lol. Now dare not average . Loose confidence .Luckily I jump in gloves ctrs recently ,paper gain now.
Like my AT shares last time.Dear,it's does love for almost 8 month.bookmit went.Wht the point of throwing when already so low.Patient will be rewarded:Once sellers flush out,its move.I do not like to chase overbought shares especially overbought in monthly shares.I do not hold just Benalec but others.Some already throw.My biggest was Genting rm 32k at rm 3.20-rm3.30,then LC Titan rm 31800 at rm 1.59,Benalec rm 25k at 16 cents.
Let's give 15 of July the last day.But chances of default slim 5 percents.Down there I talk about the assets there have.There can sell the 2 right of development Tanjung Piai and Pengerang (ex.over 100 millions for 20-30 percent stake) or the land in Malacca and Selangor(near the port).The assets,right for development,there have can secure long term borrowing.Its not 300 over million borrowing but 50 over.There have 3 month to settle.Not a problems.
Posted by Michael Kwok > Apr 30, 2020 11:38 AM | Report Abuse X
There all are the great dinosaur telling to sell.Where got no money.Benalec can sells it right 2 right(ex.30 percent for several hundred millions).Its also stated before joint development for the 2 reclaimation land before.The right also can secure long term borrowing let say 10-20 years.Its also had its land in Melaka and near a port(100 percent done) in Selangor but not yet revalue yet(4-5 years ago pricing).
my take is that there will be a massive private placement to cover the payment for the bond issue... stay on sidelines first la.. PP will definitely be to a discount to the current share price...
There won't be right and private placement.There own 100 percent on Tanjung Piai and Pengerang reclamation project.If there sold the right of developement let say 20-30 percent(its should worth (100-200 million) as joint venture.Some-more there have land Malacca and Selangor can be sold(reclaimation land(100 percent done).
Oil and gas company.There need land to store their oil and gas(downstream).There can joint venture.Benalec cannot stomach all.Tht y.People still can't see.
The different a company made private-placement and not is do there have enough assets to sells to cover payment or developement.If there sell their developement right(develope the land or a big project)let say 20-30 percent(to a big company) things can benefit for both.But please do not discounted for any takeover,new shareholder coming in(with huge cash flow) like EPF,Tabung Haji,PNB or Khazanah or even big business men (local or foreign)with cash or assets at least over few hundred million).
Please read.My stock will boom.Promote from 5-10 cents.Benalec.Benalec.Deeply oversold monthly and weekly both hooking up.
Posted by Michael Kwok > Apr 16, 2020 3:08 PM | Report Abuse X
5 years ago 80 cents,3 years ago 60 cents now 9-10 cents.Some-more 2 projects in Johor already start.Before that 5 years ago it can be 80 cents without the 2 project in Johor.Now its start.Is it still worth less than 30 cents.Some-more already drop more thn 5 years without big upward.Chances to win far more greater.
The next 16 cents my buying price.The main resistance.But if break 16 cents in high volume then the next will be 30 over cents range.Few days on rising volume.
U think people buy 1 company.More diversify.Dear.Its not backdoor government.The Malay sick of PH.Azmin and Muyiddin say bye-bye.(More than 3 million Malay supporter go).Promise unfulfilled.I challenge u go to Agong palace say PM not legitimate.Mahathir also dare not to go and say tht.
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Posted by Sansing > 2020-04-28 14:59 | Report Abuse
Don't waste time here lah ! change your mind set if u want to make big money .Go for gloves n condom ctrs loh!. MCO worldwide will boom this 2 commodities loh! Folks