Bugle: My Views on My Stocks

FGV: The root cause of main problems is "the system"

bugle
Publish date: Sun, 11 Dec 2016, 12:28 AM
bugle
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Just to share with you my views on stocks
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Two interesting articles on the subject:
 
 
 
 
"Look at the numbers – based on its financial highlights as of Sept 30, 2016...
... cash and bank balance is at RM2.5 bil against total borrowings RM5.77 bil..."
 
+ How many billions were raised from the IPO? Where's the money gone?  
+ What is the LLA liability of RM4.6 bil? 
 
The fact: a lot of people were hurt since the controversial and disputable decision of listing FGV since 2012.
 
Who's the winner? ...
 
The losers? Most, if not all, of its shareholders, who get their hand burned in making the decision to invest in its shares. (Don't blame, that's your decision). Indirect adversely affected Malaysians, most if not all, who has got interest or money in account managed by EPF, KWAP, and LTH, for example. Correct me, if I'm wrong. Who to blame? We don't even have the right to have a say on our hard-earned money!    
 
Thanks for sharing your viewpoint, M.A.Wind, straight to the point. But I think that also cannot solve the problems. The root cause of main problems is "the system". 
 
Ya, that's the problem, I think. 
 
Who to solve? How to solve? Can it be solved? I'm not really sure.  
 
Just for sharing,
 
By Bugle
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Discussions
Be the first to like this. Showing 5 of 5 comments

zaiyang

can you please explain the term "system" as stated by you ? I don't quite understand.
For me, I blamed it on the integrity of the management.

2016-12-11 07:58

idiotbuster

who are the management guys ???? so obvious lah .....ajib kor and his thieves.

2016-12-11 15:08

Lk036

Similarly for the country, mixed politic with religion ( Islam). What happen if other citizen mixed politic with Cristian or Buddhist or Hindu. Fgv mixed with politic , down to the drain. Country mixed with religion also down to the drain? The result is RM.

2016-12-11 16:32

enning22

europeans learnt their hard lesson on relationship with religion and politics ,more then 500 years ago. they had dark age in the middle age.
now we are in the midst of our dark age.

2016-12-11 17:40

Super_SKL

EPF says it has no more stake in FGV, December 22, 2016
http://www.theedgemarkets.com/my/article/epf-says-it-has-no-more-stake-fgv

KUALA LUMPUR (Dec 22): The Employees Provident Fund (EPF) says it no longer has any stake in Felda Global Ventures Holdings Bhd (FGV), as it assures members that the EPF practises high standards of corporate governance in its investments, with robust policies on risk control and asset allocation.

"In line with these best practices, we have been closely monitoring the equity performance of FGV over the years and have gradually sold down our shareholding. As of today, the EPF no longer holds any shares in FGV," the retirement fund said in a statement today.

The fund also confirmed that the RM6.5 billion loan taken by Felda Holdings Bhd (Felda) is not in default, adding that Felda continues to service the loan in accordance to the agreed terms and conditions.

"We urge EPF members to verify the facts with the EPF and not be misled by comments made in the social and online media," added the fund.

The statement issued today came following a blog post dated Dec 14, which has been widely circulated on social media, that questioned whether Felda would be able to pay off its RM6.5 billion loan from EPF, which was taken in 2010.

The author also compared FGV to troubled investment fund 1Malaysia Development Bhd (1MDB), which has raked up billions of ringgit of debt in just a few years of operation and is in the midst of allegations of financial mismanagement that has sparked related money laundering investigations in several countries.

Second Finance Minister Datuk Johari Abdul Ghani recently said the government will "run off 1MDB", adding that this meant the strategic investment fund, the brainchild of Prime Minister Datuk Seri Najib Razak, will not be undertaking anymore business activity.

2016-12-23 14:49

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