SKPETRO about 160K losses....I am a loser!!! sold at 1.98 and lost almost my pants

Sei 4! total losses since last year 260K... now left with less than 95K in Mudamati shares! I feel like jumping down from a building!

Get rid of the evil one...please

bought at average 1.119 per share now within 1 week losing about 13K!!! God help.....

Tangible networth about 1.9 billion so current price to book value s/b around 0.26cts to 1 ringgit

Nobody will have margin call on this counter...with such low volumes! Wonder why Fairfax not buying in. can buy all shares at about 500 plus million...cheap sale. But foreign holding limited to 49% I guess.

676767i Bro,,, that is a million ringgit question! If we knew we would all be millionaires!!

Believe me...the largest asset is investment in associates i.e.RKM Powergen i.e power plants (26%) with almost 700 million ringgit pumped in. So everything hinges on the sucessful launch of the plants. For the time being, a loss is still expected in Q2 as construction lobs come to an end. Hopefully, they will announce new jobs and the successful firing of 1 of the 4 plants as scheduled. that will cushion the impact. Only if the plants are useless and cannot be commissioned...then only can the company be valued less than 1 ringgit per share. Just my 5 cts worth. I have been following closely on this counter for about 5 years now!!!

I bought at 2.40 then 2.20 then 1.80, 1.60, 1.47 and then sold at 1.38!!! Now I am back in there and staying

Dear Orson, as long as the power plants are firing by 2016 or 2017 you are assured that the price will go up as an analyst says that just based on value of assets i.e. Wisma Mudajaya (revalued), power plants and other fixed assets...the price should be 3.20...It was in an arcticle.."whats it worth" remember?
Bro I lost more than 100k on this counter and I intend to get it back!

Thanks kuengkucheng!

Hello anybody can read Chinese characters? there is an article in "headlines above dated 10AUG15" with some news on Mudajaya/Fairfax...Mudajaya股东大会游记：Fairfax到底是何方神圣？
Please help to translate. Even direct translation is ok...hahaha1

Hi guys I am back! wounded from other counters. I would have made the same losses even if I had not sold Mudajaya sometime back as I went into Felda Global and got burned there too. I am a Real loser!!!The only one who made money was my remiser! Well I am going for broke with Mudajaya...even though I think they will still register a loss for the 2nd Q 2015. Fool or not...I am banking on the 4 plants to start soon. God help me!!!!

Calm down guys...everyone is stressed...even our PM.

Ringgit falling...commodities falling(crude oil/Palm oil) resulting in sharply lower govt income..1MDB interest expense incurred so far and other potential losses relating to current value of its assets...political mayhem...potential country rating downgrade...potential interest rate hike by the FED which will spark higher interest rates all over the world and further impact on the ringgit. Slowing China...and worst of all...EPF..KWAP...and other GLC's causing havoc to share prices in the local market (buying & sellng at prices beyond my imagination) is just too much for me...bye for now..30k loss and I thank god it was not more (bought at 1.95).

Tony cried then....now we are crying!!!

Or maybe FELDA peneroka's..... Just my 5 cts worth. It just don't make sense buying at around IPO price and selling even at 1.90 because ever since its IPO debut it went up for just a short period and has been on a downward spiral all the way until now with consistent selling by govt agencies as way back as 2013 (IPO June 2012).

Don;t believe check FGV I3 "Disclosures" a billion of market cap gone because of selling by these agencies. Wonder who lost...investors...epf contributors???

Tend to agree with "asia" I lost about RM230K mainly because of EPF, KWAP and other Govt agencies selling when we least expect it!!! example FGV...the agencies probably bought at ipo prices and had been selling since 2014 as if they had made millions????

ma maaan taang!

1.75..and going up...see if KWAP stops selling what happens!!!

yield

Apologies the word yiel in my comments above should be replaced by profitability!!!

FELDA is Govt owned and managed...so its the balance between milking the cow dry or maintaining it...not so much the yield of the plants but the milking of the cow...so to speak...just my 5cts worth...hahaha

LLA (correction not PPA!!). You see if the yield is calculated based on operating profit...then fair value changes in LLA agreement liability (calcualted based on CPO price,FFB price, Average FFB yield MT/ha,Estate replanting fixed cost and lease term) will be deducted and the result is operating profit after deduction of LLA. So it might not be that FGV is so inefficient...rather part of the LLA agreement is fixed cost...and that is the problem. FGV is negotiating with its parent FELDA (about 40% ownership of FGV) for a better deal.

Please correct me if I am wrong. The amount FGV has to pay FELDA on a yearly basis (PPA or something like that) which fluctuates (e.g.with the price of oil palm, revenue etc) affects the yield as it is deducted as a cost (production or admin etc).That might expain why the cost is so high.

It makes no sense buying at IPO prices and sell at 60% less??? that's what I mean...why??? Come on..you mean FGV is worth less than RM1.60 per share??? They need $$$ for something and forced to sell most probably. Forced selling is the only thing I can think of..really.

Current price is not justified (too low) only because KWAP was selling non stop since Jan15.. Now they stopped selling...maybe because of Hari Raya break...because they stopped....price recovering slowly and volume down. If they continue to sell..price will be stagnant until the selling stops.It is interesting to note that KWAP, EPF and other govt bodies are selling off shares (e.g. Airasia etc) ...wonder why??? Any guess?

Only the conclusion of the report is stated above. Please read the whole analysis to find out more.

Key words are " Rajawali Group, which will sell Green Eagle Holdings for a high price"

Interesting article when you key in "Eagle High Plantation" at google . It is an article by "Chain Reaction Analysis Report". This article was before FGV came into the picture. It is the purchase of BW Plantaions (Singapore Company) by the Rajawali gp, thus creating Eagle High Plantation.

5. Conclusion

The reverse take-over of BW Plantation by the Rajawali Group will expand the land bank of BW Plantation, making it the third-largest oil palm plantation company listed on the IDX. Since the two dominant shareholders of BW Plantation are the Widodo family and the Rajawali Group, public shareholders have no means to oppose the take-over and rights issue. However, Chain Reaction Research (CRR) concludes that the whole proposal is mainly advantageous for the Rajawali Group, which will sell Green Eagle Holdings for a high price that could disadvantage shareholders and will emerge as the majority owner of BW Plantation.

The price paid for Green Eagle Holdings is likely too high, as it is based on the potential upside of its claimed land bank. For 56% of this land bank, permits to start oil palm planting are not yet secured and it is far from certain that they will be.

In addition, CRR found that the sustainability risks linked to this large expansion are not disclosed by BW Plantation. Our initial analysis shows serious concerns in relation to peatland development, deforestation and encroachment on endangered orangutan habitat. Given the movement among major palm oil buyers toward No Deforestation, No Peat, No Exploitation policies, this lack of disclosure is reason for serious concern. When sustainability issues are not disclosed and addressed, the company can potentially lose market share, seriously impacting it net income and return on equity.

Furthermore, the absence of clear sustainability policies could also deter financing from international banks, which have also begun to adopt stronger palm oil policies. Since BW Plantation will need new bank loans to develop its unplanted land bank, a lack of investment funding could also have significant implications for its share price.

Existing shareholders, who will see their influence significantly diluted through the rights issuance, should potentially consider opposing the rights issue proposal. We believe that the sustainability, governance, and financial issues presented here pose significant risk for present and future shareholders.




--------------------------------------------------------------------------------

KWAP ajen sudah puas jual FGV saham atau cuti Raya????

KWAP stopped selling for Hari raya???

Indonesian authorities want AA and other foreign airlines to recapitalise its Indonesian opeartions...latest news. Analyst retains buy call...read latest headlines above

Greece decision on Sunday

Kwap bought TRX land (Tun Razak Interchange) (recent news-price I don't know) and is interested in Magna Prima land in Ampang (May'15 news) and has to come up with at least 300 plus billion. Perhaps thats why they are dumping FGV shares.

Travoltakeong...Many companies in the industry have poor current ratios.... it is an industry norm. Check it out...whether I am right or wrong. What do you mean by tangible value is 1.33. Do you mean price to book value? There are many knowledgeable people reading comments so please clarify your statements. If you are an investor...don't shoot yourself in the leg.

Every other day...you can check in "Disclosures" above in this site. The good thing is that no other major seller other than KWAP....KWSP is an occasional seller. Once KWAP stops the selling..the price will go up..I believe.

01/07/2015 KUMPULAN WANG PERSARAAN (DIPERBADANKAN) Disposal of 1,000,000 shares in open market by KWAP on 22 June 2015.

Daily affair continues....daily average volume of 2 to 3 million with sellers mainly KWAP. sold every other day since Jan this year if I am not mistaken. Price can only recover when it stops.

01/07/2015 KUMPULAN WANG PERSARAAN (DIPERBADANKAN) Disposal of 1,000,000 shares in open market by KWAP on 22 June 2015.
26/06/2015 KUMPULAN WANG PERSARAAN (DIPERBADANKAN) Disposal of 1,200,000 shares in open market KWAP on 19 June 2015
25/06/2015 KUMPULAN WANG PERSARAAN (DIPERBADANKAN) 1) Disposal of 450,000 shares in open market by KWAP on 17 June 2015. 2) Disposal of 400,000 shares in open market by KWAP on 18 June 2015.
24/06/2015 KUMPULAN WANG PERSARAAN (DIPERBADANKAN) 1) Disposal of 490,400 shares in open market by KWAP on 15 June 2015. 2) Disposal of 1,000,000 shares in open market by KWAP on 16 June 2015

Most of the blue chips and GLC's company prices are being distorted by seemingly irrational buying and selling against market forces. 1 thing I know is that KWAP bought some prime land and maybe that's why they are selling even at rock bottom prices. As for EPF selling...god knows why...they should be supporting a fellow GLC (FGV) and not putting it in a vulnerable position so much so they can be a target for an aggressive takeover or shares falling in the hands of foreigners.Just my 5cts worth.Hari Raya is coming...good luck to the loyal FELDA voters!

Daily affair...how to go up????

26/06/2015 KUMPULAN WANG PERSARAAN (DIPERBADANKAN) Disposal of 1,200,000 shares in open market KWAP on 19 June 2015
25/06/2015 KUMPULAN WANG PERSARAAN (DIPERBADANKAN) 1) Disposal of 450,000 shares in open market by KWAP on 17 June 2015. 2) Disposal of 400,000 shares in open market by KWAP on 18 June 2015.
24/06/2015 KUMPULAN WANG PERSARAAN (DIPERBADANKAN) 1) Disposal of 490,400 shares in open market by KWAP on 15 June 2015. 2) Disposal of 1,000,000 shares in open market by KWAP on 16 June 2015.
17/06/2015 KUMPULAN WANG PERSARAAN (DIPERBADANKAN) 1) Disposal of 336,800 shares in open market by KWAP on 08 June 2015. 2) Disposal of 393,300 shares in open market by KWAP on 09 June 2015.
17/06/2015 EMPLOYEES PROVIDENT FUND BOARD CITIGROUP NOMINEES (TEMPATAN) SDN BHD EMPLOYEES PROVIDENT FUND BOARD - Disposal of 100,000 shares on 11 June 2015.
15/06/2015 EMPLOYEES PROVIDENT FUND BOARD CITIGROUP NOMINEES (TEMPATAN) SDN BHD EMPLOYEES PROVIDENT FUND BOARD - Disposal of 551,300 shares on 10 June 2015.
12/06/2015 KUMPULAN WANG PERSARAAN (DIPERBADANKAN) Disposal of 442,300 shares in open market by KWAP on 03 June 2015.
09/06/2015 KUMPULAN WANG PERSARAAN (DIPERBADANKAN) Disposal of 300,000 shares in open market by KWAP on 2 June 2015

FGV share price can only recover if KWAP stop selling! KWAP is selling lots of securities and I believe it needs money to pay for the land it bought in kl recently.The volume is not large and KWAP makes up a big portion on a daily basis.

New low!!! Bought at 1.95 and tot I was so smart!!!! Now 23K down!!!

Why dont FGV use the balance of IPO proceeds i.e. about 3 billion to give back 1 ringgit per share (capital repayment) instead of buying Rajawali? That will boost the price and reduce shareholders losses.

There is only 2 yrs left for next general elections...is that the reason why the surge in you know what

Fly Wheel...have you heard of Boko Haram? hehehe

Most of the directors of FGV own a small portion of outstanding shares about 180,000 shares average. The problem is when big deals like this comes about, everyone starts thinkling it is another way of making $$$ like the MARA alleged deal in Australia. Maybe rightly so as there many other alledged such incidences with public $$$ involved either directly or otherwise. Then the question crops up where is the control of these transactions? Which government body or who decides whether these deals are done at arms length/bona fide transactions/market value/sound commercial decisions. When the amount is in billions, it becomes all the more important that due diligence is carried out e.g. the land purchased can be used for planting and licenses are checked /market valuations/investment bankers input obtained etc. If not the rakyat looses again. To all those who are milking the government coffers....beware...there is a GOD watching!!!

It will benefit both parties if there is a way of striking an equilibrium where both parties benefit from the deal. Whether it is by issuing of shares to each other or otherwise...I think so...in my opinion

FGV CEO said on the Breakfast Grill (BFM radio) that "you dont buy a stake in a company based on current share price" when asked why pay 700 rp when share price of Eagle High was around 400 rps. So likewise, what price is Eagle High willing to pay for the 21% stake? If eagle high or for that matter any other purchaser buys that many shares in the market.....the price will soon be above IPO price....just my 5 cts worth.