Definitely will be below 0.80 & going to stay there for quite a long time. Remember folks, Tanjung Piai is also still uncertain. Comment from Research Bank:
1. CIMB: This is the second extension of the deadline. However, we are disappointed that no meaningful progress has been made since June 2013. In our view, the environmental impact assessment (EIA) approval could still be a factor in the delay. We also would not rule out political reasons. Though the stock is down 27% YTD, this news will further weigh on its share price as investors are likely to downplay the Tanjung Piai theme until any meaningful progress emerges in 1H14.
2. Kenanga: Risk - Further delays on the EIA studies for its Johor project.
3. AMMB: A key re-rating catalyst for Benalec lies with how fast it could monetise the embedded deep value of its Tg.Piai landbank. Management needs to start securing off-takers for Tg.Piai.
27/12/2013 - After the resignation of two former executive directors, Benalec Holdings Bhd expects to recruit professionals to fill in the gap that Datuk Leaw Tua Choon and Datuk Leaw Ah Chye left in the next six months.
Speaking to reporters at the sidelines of its AGM on Friday, group managing director Datuk Vincent Leaw Seng Hai said: “We are still in the process of looking for the right candidates and prefer (the company) to be professionally run.”
To recap, the integrated marine construction solutions provider had filed civil suits against Ah Chye, Tua Choon and Tua Choon’s son Leaw Yongene for secretly profiting and breaching their duties as well as obligations regarding certain land sale contracts with third parties in November.
Earlier this month, the company decided to drop the charges and had instead signed a head of agreement with them to settle all legal suits, disputes and claims by January 4, 2014.
“We are in the process of the settlement and look to resolve everything in early next month,” Seng Hai said, declining to disclose further information citing the confidential nature of the process.
@@Big funds will slowly & surely continue their selling! Careful now!!@@
ada insider trading lagi best , tentu campur dengan syndicate , tak ada syndicate punya counter , mana boleh bagi peluang untuk trading , slow macam kura kura . orang tua pun tak mau main .
atuk cakap .90 atas . bukan cuma .90 ,ya betul apa itu naik 5 cents atau turun 5 cents , dan yany atuk cakap ada confident dan pakai words 2 cents , atuk tak macam lain budak cakap .. ... Definitely ..kita tenggok next week boleh definitely kah ?
Kukuman 109 posts Posted by Kukuman > Dec 4, 2013 10:07 PM | Report Abuse i want it down. to send as a message to other company's director not to take investor's trust for granted. *************** This is what i said few weeks back and was trading at 1.05. Now is 0.85. The company has not done anything to shed some light on the settlement except telling ppl they will engage professional to run the company. It just dont work that way. Let see the price go further down to 70 cent.
already bought , and looking to buy some more . if 0.70 buy few mil shares or few percents share issued also dont mind . wish some one can cross to me off market .
and sickening psychopath jenny6888 , after i prove to u , still using my baby photo . won't u feel ashamed for stealing ?
kakakakakakap hahaahaa hantu mai .. ini kali bukan talk real real , real real talk , tapi atuk suda jadi hantu punya adik betu i betu i cakap . kakakakakakap
dan busuk nya dia punya mulut , mana ada manusia di i3 cakap ini macam . apa binatang tu ?
Just bought 500k benalec at 0.87. Let my money do some exercise, "up & down". Already said before, I'll buy in before end of this month. Prepared to buy 2 more times if price drops again. Like that twename's hoped that this counter will drop till 10 cents, even this is the case, don't worry, I'll can live with that, it won't effect my lifestyle at all. Like the famous "cold eye" said that if u are not dare to buy in more when the price drops, don't buy that counter. Happy investing.
Attended last Friday AGM; the new Board Members sounded confident/ positive. It would seems an internal Management Settlement forthcoming. As explained, even those voted out of the Board do not wish to prolong the issues as they are also substantial shareholders and derive no benefits if the share price continues to fall. Strongly believe the coming quarter will see much improve financial result. My personal view is to hold the shares or better still buy more.
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....
BullBear
3,811 posts
Posted by BullBear > 2013-12-29 14:02 | Report Abuse
Definitely will be below 0.80 & going to stay there for quite a long time. Remember folks, Tanjung Piai is also still uncertain. Comment from Research Bank:
1. CIMB: This is the second extension of the deadline. However, we are disappointed that no meaningful progress has been made since June 2013. In our view, the environmental impact assessment (EIA) approval could still be a factor in the delay. We also would not rule out political reasons. Though the stock is down 27% YTD, this news will further weigh on its share price as investors are likely to downplay the Tanjung Piai theme until any meaningful progress emerges in 1H14.
2. Kenanga: Risk - Further delays on the EIA studies for its Johor project.
3. AMMB: A key re-rating catalyst for Benalec lies with how fast it could monetise the embedded deep value of its Tg.Piai landbank. Management needs to start securing off-takers for Tg.Piai.
How now, folks?