Highlights
Social Forum >> Forum Thread
Last Price Today's Change   Day's Range   Trading Volume
1.30   0.00 (0.00%)  1.30 - 1.31  4,524,200
44,395 comment(s). Last comment by dam82 at Jan 24, 2021 6:09 PM
Like
 32 people like this.
 
 Post Reply   Back  
Page < 879 880 881 882 883 884 885 886 887 888

Mabel
10948 posts

Posted by Mabel > Jan 22, 2021 12:50 AM | Report Abuse

Does any one has the last counts how many has Felda acquired?


rohank71
159 posts

Posted by rohank71 > Jan 22, 2021 1:03 AM | Report Abuse

Thank You Tattoo for clarifying. There is NO delisting even if they get 75%. If they get 90% surely delisted. If they get 75%, FELDA needs 15% of public shareholder to support the delisting.
If they really want to delist pls offer a higher price, may be the IPO price.. Hahahaha...or dont delist. The offer must be genuine not for the fun of it.


zackboy
178 posts

Posted by zackboy > Jan 22, 2021 7:49 AM | Report Abuse

Tell me why Felda wants to delist FGV while WSJ is very optimistic of palm oil?

https://www.wsj.com/articles/palm-oil-is-looking-like-a-hands-down-winner-11611225004?mod=searchresults_pos1&page=1

The price of palm oil, used in products from chocolate to toothpaste, is near a decade high and likely to climb further.

In Malaysia and Indonesia, sources of roughly 84% of the world’s palm oil, labor shortages caused by the coronavirus pandemic have reduced production, while major consumers China and India are buying more for cooking and manufacturing. Malaysian stockpiles are at their lowest levels in years.


newbie5354_
952 posts

Posted by newbie5354_ > Jan 22, 2021 9:22 AM | Report Abuse

So FGV can maintain listing if Felda cannot buy enough FGV possible?


Mabel
10948 posts

Posted by Mabel > Jan 22, 2021 9:41 AM | Report Abuse

Thank you Tattoo and rohank71

Touche Zackboy!

Meow


Mabel
10948 posts

Posted by Mabel > Jan 22, 2021 9:55 AM | Report Abuse

Felda has until next Friday which is 29th January to conclude this.

Looking forward for nice angpow before CNY...

Meow Meow Meow


strattegist
12610 posts

Posted by strattegist > Jan 22, 2021 10:33 AM | Report Abuse

relax


james8888
20 posts

Posted by james8888 > Jan 22, 2021 10:37 AM | Report Abuse

yes. dont sell RM1.30 and don't accept the offer.


james8888
20 posts

Posted by james8888 > Jan 22, 2021 10:37 AM | Report Abuse

you can see they are desperate collecting shares at even RM1.30.


Mabel
10948 posts

Posted by Mabel > Jan 22, 2021 10:41 AM | Report Abuse

Meow james8888!


nice4ever
26 posts

Posted by nice4ever > Jan 22, 2021 1:56 PM | Report Abuse

FGV's non-interested directors are unable to, with clear conscience recommend the Offer as “Reasonable” to the minority shareholders of FGV, which also include settlers and employees of FELDA and FGV respectively.

KUALA LUMPUR: FGV Holdings Bhd’s five non-interested directors say the Federal Land Development Authority’s (Felda) offer of RM1.30 a share as not fair and advised minority shareholders to reject the offer.

In their recommendation on Friday, they said they have “NOT CONCURRED” with RHB Investment Bank’s independent advice to accept the offer.


RHB_
43 posts

Posted by RHB_ > Jan 22, 2021 2:29 PM | Report Abuse

Maybank IB pls close shop. RHB more fair.


RHB_
43 posts

Posted by RHB_ > Jan 22, 2021 2:33 PM | Report Abuse

54.09% acq by Felda so far; 1 week left to closing date can get even 60%?


RHB_
43 posts

Posted by RHB_ > Jan 22, 2021 2:36 PM | Report Abuse

2nd Feb 21 1st closing date can extend?


RHB_
43 posts

Posted by RHB_ > Jan 22, 2021 2:38 PM | Report Abuse

If revise when must decide?


Portfolio7
8 posts

Posted by Portfolio7 > Jan 22, 2021 2:52 PM | Report Abuse

https://www.thestar.com.my/business/business-news/2021/01/22/fgv-non-interested-directors-says-felda-offer-of-rm130-a-share-not-fair


strattegist
12610 posts

Posted by strattegist > Jan 22, 2021 3:04 PM | Report Abuse

relax


500Bilis
310 posts

Posted by 500Bilis > Jan 22, 2021 3:13 PM | Report Abuse

Extract -

Based on the above, RHB Investment Bank’s view is the Offer is NOT FAIR as the Offer Price of RM1.30 per Offer Share is lower and represents a discount of between RM0.12 (8.5%) and RM0.30 (18.8%) over the range of estimated value per FGV Share derived using the SOPV method of between RM1.42 and RM1.60.


dam82
1786 posts

Posted by dam82 > Jan 22, 2021 3:26 PM | Report Abuse

brace for massive sell from FELDA if deal does not go through ... you should have divested from FGV and buy when its penny back again ...


MuttsInvestor
117 posts

Posted by MuttsInvestor > Jan 22, 2021 3:30 PM | Report Abuse

I see.............. a "Malay" syndicate group forming. They with APPROPRIATE backing from ...#$@#$@@ .... Are more than HAPPY to TAKE OVER ...FGV . FELDA (DA HABIS) ...... group would not be HAPPY if they are not being "HELP"/"LOANS"/"Guaranttes from Govn" to shore their efforts to take FGV ...PRIVATE. ....... Watching a SOAP OPERA being played.


Lukey_Greek
209 posts

Posted by Lukey_Greek > Jan 22, 2021 3:30 PM | Report Abuse

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3123307

RHB IB's advice is Not fair but REASONABLE (pg 5). I dont see what's the rationale.

If based on the same logic, even the offer price is 0.01, RHB IB will also recommend Not Fair but Reasonable? How ridiculous.

Non-interested directors have done a better job than the so called 'professsional' in advising the retail investors by not concurred the recommendatations.


MuttsInvestor
117 posts

Posted by MuttsInvestor > Jan 22, 2021 3:36 PM | Report Abuse

After ALL the HYPE of FELDA taking BACK all their Plantations from FGV a few months ago ........... ANY NEWS ? Heard that the "Termination of the LEASE to FGV" .... HAVE FAILED. ( DA..Gavm..PH ) is NOT supporting FELDA.


nice4ever
26 posts

Posted by nice4ever > Jan 22, 2021 4:18 PM | Report Abuse

RHB IB, they must make their client happy.


Lukey_Greek
209 posts

Posted by Lukey_Greek > Jan 22, 2021 4:24 PM | Report Abuse

IBs are LICENSED bank. They must make their boss happy.


FGV_
492 posts

Posted by FGV_ > Jan 22, 2021 4:36 PM | Report Abuse

dam82 really damned. Why admin no ban him unlike CalvinTanEng?


FGV_
492 posts

Posted by FGV_ > Jan 22, 2021 4:39 PM | Report Abuse

Answer you any gain? If haters like dam82 post what will you do?

Mabel Does any one has the last counts how many has Felda acquired?
22/01/2021 12:50 AM


strattegist
12610 posts

Posted by strattegist > Jan 22, 2021 5:04 PM | Report Abuse

relax


dam82
1786 posts

Posted by dam82 > Jan 22, 2021 5:22 PM | Report Abuse

chill lah bro ...don't compare me with that guy ..i hold FGV very long lah bukan now .. aand keen to invest back again once FELDA sell cheap ..i do pray FELDA won't sucessed in their take over .


Play4fun
11 posts

Posted by Play4fun > Jan 22, 2021 5:34 PM | Report Abuse

If felda sell cheap, then it will having big loses as most of the share bought at 1.3....


apprentice
641 posts

Posted by apprentice > Jan 22, 2021 7:16 PM | Report Abuse

I believe Felda will revise its offer to around 1.50.

The present Felda management feels they have been shortchanged by FGV and can receive better returns if they take back the land.

Creating FGV and subsequent IPO back in 2012 was a big mistake, but no one dares object to the PM.

Billions of cash from IPO all gone, and now has a mountain of debt.

Moving forward, to appease the Felda settlers, Felda will borrow billions by issuing sukuk bond and take the land back by taking over FGV and delisting it. Still cheaper than cancelling the LLA.

Once delisted, the management can do whatever they wish, just like PLUS since its a private company.

They will quietly compensate the settlers who purchased their shares at 4.55 to keep them happy. Politicians need their votes.

My 2 sen.


DickyMe
7794 posts

Posted by DickyMe > Jan 22, 2021 7:39 PM | Report Abuse

Yah gah? Revise to 1.50 gah? Duit mana mari? Jual lalang kebun sawit gah?


Ninja _07
143 posts

Posted by Ninja _07 > Jan 22, 2021 7:50 PM | Report Abuse

https://www.thestar.com.my/business/business-news/2021/01/22/fgv-non-interested-directors-says-felda-offer-of-rm130-a-share-not-fair


Mabel
10948 posts

Posted by Mabel > Jan 22, 2021 10:23 PM | Report Abuse

# RHB_ 54.09% acq by Felda so far; 1 week left to closing date can get even 60%?
22/01/2021 2:33 PM

#apprentice I believe Felda will revise its offer to around 1.50.

The present Felda management feels they have been shortchanged by FGV and can receive better returns if they take back the land.

Creating FGV and subsequent IPO back in 2012 was a big mistake, but no one dares object to the PM.

Billions of cash from IPO all gone, and now has a mountain of debt.

Moving forward, to appease the Felda settlers, Felda will borrow billions by issuing sukuk bond and take the land back by taking over FGV and delisting it. Still cheaper than cancelling the LLA.

Once delisted, the management can do whatever they wish, just like PLUS since its a private company.

They will quietly compensate the settlers who purchased their shares at 4.55 to keep them happy. Politicians need their votes.

My 2 sen.
22/01/2021 7:16 PM

How to delist when Felda can't even reach 60%

Remember they need 90%, current run rate is only 54.09%

I hope this intention fail. I believe FGV can go evn more than RM 2 hands down with current CPO Price rocketing..

Meow


apprentice
641 posts

Posted by apprentice > Jan 23, 2021 3:15 AM | Report Abuse

Mabel, above 2.00 is a bit too optimistic at current situation.

With revised offer price, they may have more than 90% acceptance.


strattegist
12610 posts

Posted by strattegist > Jan 23, 2021 4:43 PM | Report Abuse

relax and cool


Harris76
27 posts

Posted by Harris76 > Jan 23, 2021 5:38 PM | Report Abuse

Estimated fair value is RM1.50. So new offer of rm1.80 is relatively fair in my opinion


piranha88
31 posts

Posted by piranha88 > Jan 23, 2021 6:20 PM | Report Abuse

FGV’s public listing journey seems to be ending soon, says economist https://newswav.com/A2101_vcrFWu?s=A_fOncoOX


Chua Joe Beng
384 posts

Posted by Chua Joe Beng > Jan 23, 2021 7:36 PM | Report Abuse

with d huge landbank n assets of FGV (i.e. plantations, mills, others) n at d time when CPO price is above RM3000/MT, it's considered d cheapest plantation stock in d world to b taken over n privatised!


Mabel
10948 posts

Posted by Mabel > Jan 23, 2021 8:10 PM | Report Abuse

#piranha88 FGV’s public listing journey seems to be ending soon, says economist https://newswav.com/A2101_vcrFWu?s=A_fOncoOX
23/01/2021 6:20 PM

Based on the above this what Mabel gathered

On Dec 8, 2020, Felda, which already owned 21.24% equity interest in FGV, increased its stake in the company to 35.12% and proposed to take FGV private at RM1.30 a share.

The additional 13.88% stake was bought from KWAP (6.1%) and Urusharta Jamaah Sdn Bhd (7.78%).

Once collective FGV shareholding of Felda and persons acting in concert with it rose past 50% on Dec 8, 2020, Felda’s takeover offer for FGV became unconditional, which sees a flurry of share purchases for the past few days.

Last Thursday, Felda bought 9.97 million more shares in FGV Holdings Bhd from the open market for RM12.96 mil at RM1.30 apiece.

This raised the number of FGV shares acquired by Felda so far this week to 75.97 million shares.

Earlier in the week, the agency bought 66 million shares via the open market at RM1.30 each for a total of RM85.8 mil.

Last week, Felda announced in two filings that it had purchased a total of 27.15 million FGV shares from the open market for RM1.29 each, or RM35.02 mil.

By 23rd Jan 2021, this is the current standing of FGV Shareholding.

Felda PAC Team = 2,106,878,580 shares (57.75%)
Private Investors Team = 1,541,121,420 shares (42.25%)

How to delist when Felda can't even reach 60%

Remember they need 90%, current run rate is only 57.75%

Meow


strattegist
12610 posts

Posted by strattegist > Jan 24, 2021 10:13 AM | Report Abuse

cool


fachoi
106 posts

Posted by fachoi > Jan 24, 2021 1:26 PM | Report Abuse

guys, rm1.30 should buy or not if havent go in yet?


strattegist
12610 posts

Posted by strattegist > Jan 24, 2021 3:31 PM | Report Abuse

@fachoi... my view is definitely NO.


piranha88
31 posts

Posted by piranha88 > Jan 24, 2021 4:50 PM | Report Abuse

@ Mabel. Yes. Looks like an uphill task for Felda


PunTatBerSiul
238 posts

Posted by PunTatBerSiul > Jan 24, 2021 4:54 PM | Report Abuse

Yah gah? Uphill gah? Ini macam downhill boleh loh!...

Boleh guling-guling macam empty dumpty..wakakakakaka!


dam82
1786 posts

Posted by dam82 > Jan 24, 2021 6:09 PM | Report Abuse

should FELDA get 90% before Mandatory takeover right ? what happen if that fail they cancel LLA ...FGV lagi huat ...so what worse case scenario FELDA dump FGV share for lost since these guy are very smart people right ... SM will buy and retailer will grab ...

It will be interesting but i do want FELDA to fail but i doubt it will due to politics .... stay sidelined unless you are rich like some promoter here .. for now i keep my minium holding in FGV

 Post Reply   Back  
Page < 879 880 881 882 883 884 885 886 887 888
APPS
I3 Messenger
Individual or Group chat with anyone on I3investor
MQ Trader
View candlestick stock charts with Technical indicators
MQ Affiliate
Be rewarded by being an MQ Affiliate
 
 

564  409  601  26 

ActiveGainersLosers
Top 10 Active Counters
 NameLastChange 
 TRIVE-OR 0.0050.00 
 QES 0.38+0.04 
 KSTAR 0.21-0.045 
 DNEX 0.26+0.005 
 BIOHLDG 0.30+0.04 
 DYNACIA 0.120.00 
 LAMBO 0.030.00 
 MCLEAN 0.325+0.095 
 AT 0.180.00 
 VSOLAR 0.040.00 

FEATURED POSTS

1. The Equity Market Index Benchmark in Malaysia CMS
2. Trading Scenarios of Derivatives Bursa Derivatives Education Series
3. Derivatives 101 Bursa Derivatives Education Series
4. Why Trade FKLI? Bursa Derivatives Education Series
5. MQ Trader - Introduction to MQ Trader Affiliate Program MQ Trader Announcement!
PARTNERS & BROKERS