price stabilizing, it's a good sign that many buyers willing to support at current level

Gold price at the high but quarter report still come out lose money, if DL got some sense of dignity should just resigned rather than wait to be removed thru EGM

hello, each land got its own title, you think can suka suka convert mining land into agriculture land kah? moreover, palm oil trees need at least 3 years only start bearing fruits and its productive lifespan is around 20 - 25 years

"He have another gold mine will be operate soon", where does this info comes from? haha...in the first place with the losses he had suffered from selling his share at cheap price, i don't see he alone has the financial to start up a new mining operation from scratch

DL already know the 20mil compensation lawsuit will take forever, for him to dump this share is to salvage whatever he can get out of his current shareholding in bahvest only...eventually if no mining activity, he can't generate income from his land too. with the heavy losses he suffered from selling his share, eventually he has to work out something with bahvest , most likely negotiate a higher monthly rental and more proper lease agreement and let bahvest resume operation

the shareholding of the 5 total is about 10% only, DL who still holding 13% has more to lose if the share price keep dropping

if you follow closely the buy sell action, it is very obvious the floor price is at 10 cents

for those who miss 10 cents this morning, 11 cents is also not a bad price to go in, just that don't go all in at 11 cents, keep some bullet in case DL dump his share then we still got bullet to collect at 10 cents

why buy at 11 cents? because no 1 is going to sell below 10 cents, so 10 cents is the price to all in

now 11 cents already, those who didn't all in at 10 cents, still not too late to buy some at 11 cents, at the same time reserve some bullet to collect at 10 cents in case it drop back to 10 cents

from the way DL dispose his share yesterday, he had given up, he surely will dispose more shares today or tomorrow, but many buyers are willing to buy his share at 10 cents , so it will be hard to break below 10 cents

10 cents is the floor price folks, do not hesitate, just all in

so at 10 cents, it is definitely a buy

from the selling pattern today, it is obvious that below 10 cents no 1 will keen to sell

10 cents is the price to all in, 11 cents still not too late to buy some

recovering, Rm0.11 now, still not too late to buy

below 10 cents no 1 sells and at 10 cents people keep coming in to buy, if not all in now still waiting for what ?

can see from the selling pattern below 10 cents no 1 is selling, from now onwards is buyers coming back to buy all the way up

it's now or never

below 10 cents no sellers, at 10 cent is a sure buy

no need wait 0.005, at 0.10 all the sharks already come in to chew

yes, sell house sell car sell underwear to all in

Rm0.10 very strong buying...must all in!!!

Big shark sure can wait with all the holding powers, the 1 that cannot wait are the T+2 traders

ya money is nothing to him, pride matters, so he willing to take a Rm30mil losses and see the company he built crumbles in weeks? haha

the worse case scenario is: Company decided to scrap the structure and factory, declare bankrupt and default DL his Rm21mil compensation, leave DL with the piece of land which eventually he need to work from scratch for the mining again. that will be a lose-lose situation for every1.

best scenario is of course both parties sapu the share at current low price , then take a step back each , meet up to settle matters and let the company resume business, then the share price rise back up again all will be happy

DL has nothing to lose? As the biggest shareholders of Bahvest, DL who hold 199,532,490 units definitely got more to lose, at least , in term of financially.
At Rm0.40, his holding is worth Rm79.813 mil, but with today shar eprice of Rm0.14, his holding is worth only Rm27.935 mil, which is Rm51.878mil lesser, not even near to the Rm21 mil compensation which he getting.

but then again, maybe he is rich enough to swallow the nett Rm31mil losses for the sake of pride?

now will start recovery and head towards 30 cents

the worst is over

will drop back to 0.10 - 0.12 b4 rebound again

i foresee tomolo will go above 30 cents

only company finance people who do forex hedging will know whether there is forex gain/loss, but since it is a hedge, so even there is forex losses it will be off-setted by the gain in sales price...but in Q4 i don't foresee forex losses as the company sell USD first to lock the rate...as MYR strengthen in Q4 after change government, i am seeing there is forex gain instead. but a hedge is still a hedge, any forex gain will be off-setted by lower sales profit when company changed their USD back to MYR...what we shud be see is how the company perform in term of revenue and core profit rather than focus on forex gain/loss

@winsonpan base on past years record, dividend announcement will be during 20th - 28th Feb

expect to announce dividend between Rm0.28 to Rm0.32...at current price still very good yield, abt 8%

FFB price today is so much higher compare to 5 years ago

saw from news IOI buying NPC recently, their plan to buy kretam call off already?

when is the free warrant start trading? expect to trade at what price?

i saw from IOI website they already has a refinery in sandakan, is it possible they will want to buy over kretam which also has a refinery located in sandakan?

if i am IOI i will not buy now because price so high, better wait palm oil price drop back only buy, that time can buy at lower price

all rumour only no action, talk very long but until today nothing happen

wait few years already still not yet goreng...zzzzzzzzzzzzzzzzzzz

if the land is commercial or residential title sure it is worth more than 80 cents PSF, the advertised land is plantation land, if you check transaction record of plantation land past 2 years, it is transacted between Rm70k - Rm90k per hectare (depend on trees profile)...the advertise price of Rm85 PSF is factor in the potential to convert the land title to commercial or residential title for future development due to its vicinity to JB (once develop into commercial or residential properties you can sell it at at least Rm500 PSF, that is provided you actually have money to develop the land and it will takes few years or even decades)

yes i never deny FGV current book value of their land is under value, most plantation companies too, however, they certainly not be able to sell at Rm85 PSF...value of the company derives from whether they able to generate sustainable profits using the assets they have rather than purely base on holding of under value land assets


calvintaneng I don't think in Plentong there is land selling at 80 sen psf
.
Even if got at 80 sen psf also nothing compared to Fgv lands valued at 7.2 sen psf book value

That is already more than 1,000% increase if Fgv just revalue to 80 sen psf and book them as profit

Fiamma, Seacera and Oka revalue lands and book them as profit

Fgv if revalue all it's lands the Nta should be Rm7 to Rm10 or higher today

i don't deny the fact current book value of FGV land is under value, in fact, most plantation companies book value of their land are under value as most do not re-value the land for quite some time...but we need to bear in mind it is how the company generating profit from the land that gives value to its share price...historically, high price cycle for CPO price will not last forever, so, the question we should ask b4 putting money in FGV (and any other plantation companies), is when the cpo price drop back to Rm2000, can the company still be profitable

don't simply mislead people with land valuation...
Land advertised in Plentong at Rm85 per sq ft is because location of this piece of land is near to JB , the price is inclusive of the premium for its potential to be develop into township. if it stays purely as plantation land, well, the most you get is Rm90k per hectare = Rm0.80 / Sqr feet

already sinking..

KYY very quiet today, maybe also join the selling to cut loss

for long run currently not a good price to enter, need wait it fall back to pre-covid time only buy, then sell at the next covid outbreak again, haha

so do own analysis whether can the earning continue to be great. there is no right or wrong, just that currently more people think going forward earning will not be as great as now.

very likely he is still holding big position on gloves so no choice have to convince more people to believe the coming earning will be great so that he can escape, haha

it is very clear the intention of Lim family buying back is purely to support prices, if they really want, they can just wait and buy back at much lower price