Eagle High wants a 21% of FGV if the latter wants a contrlling stake in Eagle High. Peter Sondakh said it can be in the form of a share swap. The Rakyat Post

Write a comment..Haha if we knew we all will be millionairs! Relax it will come back but question is when! just imagine those who bought at 4.45???

Kian Leong Lim, after all what was mentioned here and the latest headlines by analyst above...you are still in the dark??? Suggest you go for KLK.

Cat...do you realise that there are some investors who lost a lot...and you are being an irritant!

Wat I meant to say is ...not my kuckoo bird ...ah plse

Write a comment.. bird ah....plse

A little bird told me...

Buy for long-term...oil price will be low for many years bcause of shale. World Oil reserves in the region of 200 300 billion barrels whilst shale 3 trillion.

Maybe I am the dumb one! Too naive to understand.

Hope they dont explain in 1MDB style...piece meal and no full disclosure...e.g. wrong...actually we paid 20% less!!! God...we are talking about biliions and millions and 20% makes a big difference????

Dear Iqbal...wat about the LLA!!!! You did not tell wat the CEO said.

Please Bro share!!

Write a comment..Aaah yes Mohd Iqbal...you are the smart guy who said the answer is in the LLA and wanted to question the mgmt on this issue. What is the answer may I ask? Why the LLA payments are fluctuating so much???

Why dont they just use the IPO funds to incease productivity through re-planting and keep the cash for opportunistic aquisitions. With so much $$$ time is on their side.

The EPF is not agreeable with the purchase of Eagle High - radio news this morning. that is 5% against already. another 45% and we stop the deal. On the flip side, land for planting is scarce and expensive in M'sia due to forestry laws and labour is cheap in Indonesia. But, yes most of all I dont agree with the price...

The big question now is, what was the cost of construction of these power plants in India inclusive of delays, financing/interest cost, cost overruns etc, and how much can it sell/recover? The indian power plants were supposed to generate RM80 million per annum when fully operational but it isnt operational and if forced to sell by the financing banks....looks like on the losing end.Even though I left, I lost 100K and am still interested in Mudajaya's fate! Hope I get over it.

Ring is going to get mad at me!!! By the way I bought at 1.95!!! 25 cts loss already

How can you go wrong when you buy at 1.70 i.e.62% of IPO price??? Unless palm oil is in crisis like crude oil (vs Shale) is. It is the pension funds and Felda inflicting pain and investors should take advantage of this!!! My 5cts worth...haha!

Anyone asked at the AGM why LLA payments to FELDA (GOVT) so large and wildly fluctuating?

Now I know after analysing the financials...is that LLA payments is the main cause for the recent loss. Even after taking floods into consideration the comapny was still profitable untill the LLA deduction! Someone already mentioned something like this earlier and I checked the financials and found it true.

With a shrinking order book...it looks very bleak for now!

Mudajaya to sell its India Power Plants - Star paper today. 100K already lost in this company...lucky I am out! If not more losses! Looks like banks forcing it to sell due to delays in repayment schedule. Maybe FF will buy over the assets. Mudajaya says to concentrate on construction and development. India and china is a deathbed for many M'sian companies...all the shit red tape and delays and you know what is needed to get things moving.

Mudajaya Group may fall further after closing below the MYR1.35 level to extend its multi-year low. Traders may expect further weakness if the stock stays below this level in the immediate term, with the next support level anticipated at MYR1.10. Meanwhile, the stock may trend sideways if it returns above the MYR1.35 level, while the bearish bias may be eliminated if it recovers above the MYR1.45 level.

Source: RHB Research - 16 Jun 2015

Are you sure the low yield was only in the last quarter. What about previous profitable years? e.g. 2014?

Average overall volume for FGV last 4 weeks was 3million. KWAP and other govt funds selling and not many investors buying due to the poor results after the floods are the main reson for the plunging FGV price. The low volume of average 3 million per day compared to about 3.something billion issued shares is not much. I still feel that the next quarters will return to large profits (minus the floods). Overseas investors are cheesed off with the EPF KWAP etc causing such unexpected fluctuations in the local markets when they need funds to pay dividends or purchase land like why I think KWAP is selling everday. Please correct me if I am wrong. Just my 5cts worth guess!

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
08/06/2015 KUMPULAN WANG PERSARAAN (DIPERBADANKAN) Disposal of 700,000 shares in open market by KWAP on 29 May 2015.
04/06/2015 KUMPULAN WANG PERSARAAN (DIPERBADANKAN) 1) Purchase of 500,000 share in open market by KWAP's Fund Manager on 28 May 2015 2) Disposal of 1,500,000 shares in open market on 27 May 2015 3) Disposal of 350,000 shares in open market on 28 May 2015
02/06/2015 KUMPULAN WANG PERSARAAN (DIPERBADANKAN) 1) Disposal of 799,700 shares in open market by KWAP on 25 May 2015. 2) Disposal of 140,000 shares in open market by KWAP on 26 May 2015.
01/06/2015 KUMPULAN WANG PERSARAAN (DIPERBADANKAN) Disposal of 355,200 shares in open market by KWAP on 22 May 2015.
22/05/2015 KUMPULAN WANG PERSARAAN (DIPERBADANKAN) 1) Disposal of 150,000 shares in open market by KWAP on 13 May 2015. 2) Disposal of 600,000 shares in open market by KWAP on 14 May 2015. 3) Disposal of 158,400 shares in open market by KWAP on 15 May 2015.
18/05/2015 KUMPULAN WANG PE

Can someone explain to me why (apart from yesterday's selloff) why is everone saying that FGV shares are being sold off resulting in a drastic fall by 60 odd %. If you look at the statistics, the average daily volume is only about 2 million shares compared to the issued shares of the company (about 3.somethin billion?). The main reason is that govt pension funds etc e.g. KWAP,EPF amanah and the like are always against the market trends and sell when they need funds to pay dividends or purchase certain assets like land (KWAP). The low volume of shares traded show that most of FGV's shareholders are keeping their shares and at this juncture (due to the recent floods) not many are buying. In short, KWAP, EPF and the like are causing havoc in our local market and that's why foreign funds don't like to invest here. Too much government involvment causing uncertainties. Just my 5cts worth! Please correct me if I am wrong!!! I am still learning.

I think FGV is buying about 30%...so they will not "manage" the company..just board representaion. The company they are buying into made sharp gains in revenue and profits in 2014. Just hope the purchase price is acceptable to analyst and shareholders.

Feel like an eagle high up in the sky

Every day new low??? because of KWAP!!!

KWAP bought land recently in kl (I remember reading in newspaper) and probably need lots of cash to pay-up.

Purchaser could be Fairfax, I believe.

KWAP selling almost everyday!!! Thats the reason price is falling/stagnant. Have they invested in .....by purchasing some assets and have to pay soon????

Should be selling to pay dividends to their fund holders as they have to declare dividends on a yearly basis just like KWSP, I guess. When dividends are to be paid by FGV ex dividend 26th June...at 0.04cts per share...it should rise before that date...I believe so.Just my 5cts worth. Haha

The replacement is purely technical due to FGV's fall in market capitalisation...no big issue but why is KWAP selling almost everyday should be the question :- Purchase of 500,000 share in open market by KWAP's Fund Manager on 28 May 2015 2) Disposal of 1,500,000 shares in open market on 27 May 2015 3) Disposal of 350,000 shares in open market on 28 May 2015. They are almost the sole sellers on some days in the month of May'15.

The replacement is purely technical as it is based purely on market capitalisation (MC). As FGV share price has fallen, so has its MC. So what is the big deal?

I am out of here. Another 12K loss. Bought in again at 1.46 average and sold at 1.38 when 1Q out. Might come back when sure of plants firing (especially the 3rd and largest plant). Funds not earning any $$ and I can't wait like Fairfax as they invest for long term. Opportunity cost is high for me.

Furthermore the likeyhood of further downside is minimum.

If you buy big number of shares today at say 1.95..say 90K shares. On the 26th of June. you will get RM3,600 for a period of 23 days. That works out to a whopping profit on a per annum basis!!! So why not buy now? Hari Raya coming too!

0.04 sen dividend ex date 26th June'15. Share price sure to rise sharply before that date and maybe drop after if palm oil price don't sustain at 2,300. You just have to hold for 23 days? Am I right guys? Analysts say further downside unlikely.

Disclosures are just above the Day's Range column above.

My concern is that if you click on disclosures above in this site...and choose change in shareholders. You will find that Kumpulan Wang Pesaraan and EPF have been selling for the whole month of May and 1st June. Although the volume of sales is low compared to their shareholding, it account for much of the daily average volume of RM2million.So in the near term this is impacting on the share price.

I tot the price is quoted in RM..at present 2,294? So weak ringgit should improve sales.

To have an opportunity to buy the largest Palm Oil Company in the world at around 40% of it's IPO price.... due mainly to floods is a big opportunity in my view!!! Even though I can't really understand how the LLA works! I think the world population is increasing and commodities prices will go on rising.

Correction! For power plants performance must look at profit/loss of associated companies as rkm is an associate.not a subsidiary. It think mudajaya's share of losses of associate companies is not alarming but it also shows that power plants still not firing.

18 million loss for 1st q. another long wait! Only consolation. Power segment no loss but yet to fire!

1st Q results deadline is today. It should be out anytime now.

Correction Johnny Cash! 3 subsudiaries of fairfax group each bought 198,100 shares...you missed out FFHL and Fairfax financial. Whenever they buy...a few companies in the group will purchase the same number of shares. Now 8.19% owned by Fairfax and counting (44 million plus shares)

I was in long ago before the rights issue, came out and went in again much later at 2.40. so I lost a personal fortune by now. All eggs in only 1 or 2 baskets. Learnt 1 thing though, if you invested heavily in a company....you have to monitor all large investments they make and its progress especially when they invest in China or India. So many things can go wrong...politcics..protests and crazy corrupted local authorities. When the plants were delayed I should have seen the red light sign and monitored its progress. Now on hindsight...this is where I went wrong. Now its crazy to pull out especially when the plants are already completed. I give another year I think I can get back my hard earned $$$. No I am not a good investor!!!

Good sign...or so many like me...waiting hopefully!

Write a comment..Market down 2 days Mudajaya no change. Today Bidders value 356K Sellers 35K only...no transaction done yet.