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Annual Report Hints :
  BousteadInvestor any price revision? y buy 22 mil? 1.50 coming? FGVInvestor so lucky. still waiting for boustead 19/01/2021 5:51 PM Harris76 Let’s reject and foil the take-over exercise or offer higher price. All the best guys 19/01/2021 5:57 PM  Mabel #Lukey_Greek https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3122137 Felda had bought 41m vs total transacted 62.9m shares yesterday. Wonder which party bought the balance 22m shares at 1.30. 19/01/2021 5:02 PM Could be Foreign Fund... as it was reported yesterday that foreign fund was net buyers.. Mabel has stopped buy FGV Shares Now waiting patiently... Meow 19/01/2021 7:17 PM Titan My remisier said that if FGV gets 75%, they can delist the counter. No need to wait for 90%. Those who accept it now at RM1.30, if FGV fails to get 75%, they still makan your 1.30. For those who rejected and FGV get 75%, they will delist and we have no choice but to sell in the open market before they delist. Once delisted, your stk become waste paper. Betui ka??? 20/01/2021 4:43 AM drkelvin20 So can we reject the offer and not to reply the mandatory offer sent to us? What happen after 2Feb21, if we do not repy to them by sending them the confirmation of acceptance slip? How does it go from here if we reject and the offer period is over? Can they just sapu and forfeit out shares? or they have to renegotiate, or they will freeze the share? Anyone having ideas may want to share...my buying price much higher...now palm oil price up more than 3k...and the Felda shouting for delisting... 20/01/2021 4:22 PM FGV_ https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3122488 20/01/2021 4:27 PM FGV_ Your remiser which IB can tell? Titan My remisier said that if FGV gets 75%, they can delist the counter. No need to wait for 90%. Those who accept it now at RM1.30, if FGV fails to get 75%, they still makan your 1.30. For those who rejected and FGV get 75%, they will delist and we have no choice but to sell in the open market before they delist. Once delisted, your stk become waste paper. Betui ka??? 20/01/2021 4:43 AM 20/01/2021 4:30 PM myshare I thought thy must hold 90% before thy can delist FGV.If thy cannot reach the %, thy will ask for extension or come up with a better offer..I reject the offer as my EP above RM2/ 20/01/2021 11:54 PM apprentice The fact that they are willing to pay 1.30 open market shows there is room for higher price. I have rejected offer and expecting at least a 20 sen increase. 21/01/2021 9:07 AM drkelvin20 @FGV, I am holding a doctor (PhD) title, but in Engineering. Carrying a doctor or PhD it also does not mean I know everthing bro. Though I am in stock investment more than 10 years, honestly this is first time my positions are in doubt over the mandatory unconditional buy back offer. That is why I seek opinion here, if I can just totally ignore the madatory offer reply slip? Or what is the consequence if I reject it, or if I ignore the reply for the mandatory offer? Based on curren scenario, what is the best recommendation? My buying price @rm2+. And I have not follow FGV anymore for last few years. 21/01/2021 9:49 AM PH_better Why must delist at RM 1.3 from IPO RM 4.55? No wonder PH won GE14 not BN or PN. 21/01/2021 10:50 AM strattegist @drkelvin20... I would suggest for you to contact your remisier/stockbroker/Investment Bank with which you opened your account. You could seek all the answers pertaining to your questions by directing them to the right person and it would solve all your queries.. 21/01/2021 11:29 AM drkelvin20 @strattegist. Tq for advices. Yes, I may need to talk to my remisier. I hope we can bargain better price offer from FELDA, not at this low, especially now crude palm oil price at years high... Really upset with those in FELDA management, at times where crude palm oil price show sustainable up trends, they decide to privatize it... 21/01/2021 11:57 AM Poh Chye when fgv take over other companies, they look at future earnings to calculate the value. when felda want to privatize, they use past financials ignoring potential future earnings with the high CPO price. this is how they treat shareholders faithful and supporting the company. the poor settlers are the biggest victims. they subscribed at a high price. the ex CEO mentioned 1.70 to 1.80 is a fair price. felda, show some class lah. 21/01/2021 1:05 PM nice4ever To summarise, you can either accept or reject the Felda's offer:- Scenario:- 1) Felda managed to secure more than 90% of total share capital - compulsory acquisition of remaining shares; 2) Felda did not managed to secure 90% of total share capital - Felda to extend / revise offer price to achieve scenario 1) or everything back to square. 21/01/2021 3:16 PM james8888 Dont sell your shares at the market. Felda is buying RM1.30 . They need alot more. Dont sell and if they dont have enough, they will revise next friday. 21/01/2021 5:58 PM Tattoo Chapter 16 Suspension, De-Listing and Enforcement 16.06 Request for withdrawal (1) Subject to paragraph 16.07, a listed issuer may not request to withdraw its listing from the Official List, unless - (a) the listed issuer convenes a general meeting to obtain its shareholder or unit holder approval and a separate meeting for the approval of the holders of any other class of listed securities, if applicable and the circular sent to the shareholders or unit holders and the holders of any other class of listed securities includes the information set out in Part A of Appendix 16A. The draft circular must be submitted to the Exchange together with a checklist showing compliance with Part A of Appendix 16A; (b) the passing of the resolution for the withdrawal of listing is subject to the following conditions: (i) the resolution is approved by a majority of shareholders or unit holders and holders of any other class of listed securities, if applicable, in number, representing 75% of the total number of issued securities held by the shareholders or unit holders and other securities holders respectively, present and voting either in person or by proxy at each meeting; and (ii) the number of votes cast against the resolution, if any, by each class of listed securities respectively, if applicable, is not more than 10% of the total number of issued securities held by the shareholders or unit holders and other securities holders respectively, present and voting either in person or by proxy at each meeting. Where the constituent document of the listed issuer imposes a stricter condition in respect of the votes required to approve the withdrawal of listing, such stricter condition will apply in substitution of the foregoing provision; (c) the shareholders or unit holders and holders of any other class of listed securities, if applicable, are offered a reasonable cash alternative or other reasonable alternative (“exit offer”); and (d) the listed issuer appoints an independent adviser, which meets the approval of the independent directors, to advise and make recommendations for the consideration of the shareholders or unit holders and holders of any other class of listed securities, if applicable, in connection with the withdrawal of its listing as well as the fairness and reasonableness of the exit offer. 21/01/2021 9:29 PM Wesley Lim If 1.30 cents break, will fly due to all that wants to sell already sold 22/01/2021 12:12 AM rohank71 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. 22/01/2021 1:03 AM zackboy 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. 22/01/2021 7:49 AM Mabel Felda has until next Friday which is 29th January to conclude this. Looking forward for nice angpow before CNY... Meow Meow Meow 22/01/2021 9:55 AM nice4ever 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. 22/01/2021 1:56 PM  |
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