Profit taking well absorbed... Closing price above support level... Mambang sawit won't be around next week as mambang would be away to NZ for holiday...
"Daim: Govt to finalise ECRL project in early April with savings of RM10 bil". Commenting on the status of the discussion, Daim said Malaysia had received an invitation from the Chinese government to finalise the project on April 2.
2. If privatised felda have to pay billions to fgv for taking back the land n felda got no money. Those felda settlers share holders owning fgv shares have been settled by felda investmebt cooperative
3.If at all privatised I see about 1.50 u can keep increasing the price n felda have to pay for it n in this case both fgv n felda dont have money
4.Fgv yield only 17mt n to stay in buisness must 23 mt hence fgv is worst then 1MDB
@Ring."2. If privatised felda have to pay billions to fgv for taking back the land n felda got no money. Those felda settlers share holders owning fgv shares have been settled by felda investmebt cooperative ". I don't know how this works. To my understanding, if privatize, Felda only needs to offer a share price for all fgv shareholders and if with no objection will take over the whole entity of FGV. Then, why Felda need to buy back land from FGV ?
Felda land was leased to fgv for 99 years under the LLA n conditions attached to it........
If for any reason felda takes back the land before completing the 99 years then felda have to pay d penalty may run into billions which i read in the edge a couple of years ago....
Privatisation price have to be fixed by fgv n do they have the cash
Fgv cannot survive with 17 mt yield so lets wait for white paper by Azmin
But i still think that Felda just need to offer a price for taking over as FGV is an entity owned by all shareholders. As long all fgv shareholders agreed, why care about the LLA
1.You must read what is stated in the LLA which is kegally binding. Before fgv start the buisness n go into listing LLA is very important, what if suddenly felda ask for the land so all are legally coverred.
2.Privatisation price have to be decided by fgv n fgv got their own land n mills
3. Very complex n to be sure of what u write, do u read all the media news
state governments under the Land Settlement Act 1960, of which 479,765ha went to smallholders. The remaining 355,000ha of oil palm estates were managed by its former subsidiary Felda Holdings Bhd (FHB), and injected into FGV on a 99-year lease when the latter went public in 2012.
FGV was supposed to be the jewel in Felda’s crown when it was listed on Bursa in what was then trumpeted as the world’s second largest initial public offering (IPO) after social media giant Facebook.
Since Felda listed FGV in 2012, its shares have fallen about 62% from the IPO price of RM4.55. Its 2012 listing raised RM10.5 bil.
FGV has a land-lease agreement (LLA) with its parent company which it signed in 2012. It states that FGV has to pay Felda RM248 mil annually for 20 years, plus a 15% share of operating profit from the sales of fresh fruit bunches gained from the land leased from Felda.
FGV has reportedly tried to improve the terms of the LLA, which has been a drag on earnings since it was listed in 2012. However, the terms and conditions of the agreement remain till now. FGV pays the LLA fees on a quarterly basis.
whatever it is the deal is between Felda and FGV shareholders, Felda just needs to offer a price. LLA is only applicable when not under privatization as when Felda take over, Felda will take over all assets and liabilities of FGV.
felda dah mcm tak wujud kerana kerajaan yg ada ni pun asyik sabotage diri sendiri.. yg kata buat "white paper" tetiba bom prk ch dengan pembatalan ecrl..
Post a Comment
People who like this
New Topic
You should check in on some of those fields below.
Title
Category
Comment
Confirmation
Click Confirm to delete this Forum Thread and all the associated comments.
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....
Sinoboy
2,131 posts
Posted by Sinoboy > 2019-03-22 15:31 | Report Abuse
Tks tongkarat. Red today...