kc is right.. bursabulltrader ! lots of newbies or forumers here will follow your calls but they couldnt follow your 'pro' or pace or to read your mind when to offload or cutloss.. result is what ??? :)
if you are a long term investor, keep accumulate the shares that you still have faith with it. but if you are a short term trader, sell it before you cry on your bed at night!
it's downtrend oversold time. Short term investor like ourselves are selling to go for holiday, year end. It's oversold positioning... opportunity to buy later especially during December time.
hi KC, can ask your opinion? i read the announcement but hardly to understand it, some sort like the company is going to buy back the share? is it good or bad?
of course, share buybacks will have also some limits. Chiefly, is money could be spent elsewhere like what Amazon does! how management spends the earnings is the key.
good company plough back earnings into business but wisely inform shareholders of their intention. Maximize shareholders value can be seen in many ways!
"In the landmark case of the restoration of the damaged bund at Sungai Belukang, Bagan Datoh, Perak, which was widely recognised as one of the most difficult coastal protection works successfully carried out in Malaysia - the project was completed ahead of schedule and within budget under extreme circumstances- Benalec received high commendation and wide Press publicity for the accomplishment."-Annual Report 2012.
"Benalec has in a short span of time emerged as one of Malaysia’s own top-notch home-grown integrated marine engineering and transportation specialists. It is a class “A” Civil and Marine Engineering Contractor registered with Pusat Khidmat Kontraktor (PKK) and a Grade G7 with the Construction Industry Development Board Malaysia (CIDB)."-Annual Report 2012.
"In September 2010 Benalec ventured into Singapore with the setting up of Benalec Sdn Bhd (Singapore Branch), which subsequently obtained both ISO 9001:2008 and OHSAS 18001:2007 accreditation, as well as registration with the Building and Construction Authority (BCA) Singapore under CW02-B1 and under SY01-L6. Through this strategic move, Benalec is well-positioned to take on contracts emanating from Singapore."-Annual Report 2012.
"In May 2012, Benalec was awarded a contract of Affreightment for Carriage of Bulk Carrier by TNB Fuel Services Sdn Bhd (“TNBF”) for carriage of bulk coal for TNBF. The Contract period will be for a term of three (3) years with an option for extension of another two (2) years. The Contract is expected to contribute positively to the future earnings and net assets of Benalec Group."-Annual Report 2012.
With its top quality and reliable management, i can say u will never go wrong with this potential stock.In addition, Benalec is in the net cash positon.With its prudent risk management, shareholder value can be assured to be increase in future.
Being an integrated marine engineering, construction and transportation specialist and operating in a niche market environment, with a limited number of players, Benalec continues to enjoy a healthy margin on their projects.
In addition, Benalec have a sizeable landbank of reclaimed land, which is a strategic asset for the Company going forward.
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Posted by passerby > 2012-11-21 11:48 | Report Abuse
lol, KC trying to pull spidey legs :)