Bplant sold off valuable lands in West Malaysia paid very good dividends and also bought cheaper lands in East Malaysia to continue it's palm oil business
Another good example if Naim Naim sold lands to unlock cash needed for development plus extra 18 sen Cash dividend
So Fgv can anytime sell of lands (those lands not under land lease from Felda) and unlock lots of cash to pare down debts and pay dividend as well
TheContrarian Calvin, FGV is going to be privatised. 18/12/2020 11:32 PM
Yes, I think 90% confirmed at Rm1.30 on these conditions
1) No opposition from Board of Directors of FGV
2) No counter offer from Syed Moktar
3) SC keeping quiet about Asset Revaluation
4) All all go thru then 10% hope is this
Minority shareholders can hope for a final higher privatization price of Rm1.40 or Rm1.50 eventually
In any case buying now is a no brainer as at such discounted price like Rm1.17 there is a built in certainty of not losing.
On gaining by how much?
A) 13 sen Profit if privatised at Rm1.30 from Rm1.17 which is a 10% profit
In the depth of Subprime Crisis Warren Buffet locked in Goldman Sachs offer of guaranteed 10% payout when he bought into Goldman. FGV at Rm1.17 has a guaranteed 10% yield
B) Final offer could be higher. Examples are Kbunai, TheStore & Tmakmur - All got final privatised prices revised higher
C) Or it might remain listed like Tasek MO at Rm3.80 later went as high as Rm16.00
So can we say buying FGV at Rm1.17 can only win and cannot lose
Is this what Warren Buffet Rule saying
Rule No. 1
Never to lose money
Rule No. 2
Rule No. 2 is to remember rule number 1, that is, never to lose money
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
calvintaneng
56,441 posts
Posted by calvintaneng > 2020-12-17 22:10 | Report Abuse
Call Pauline to verify the truth
https://www.propertyguru.com.my/commercial-property/agricultural-land-for-sale-for-sale-by-pauline-lim-31948135