For a start, a total of 3,000 settlers in the Segamat region have received settler loan statements in this new format before being implemented in other Feldas
* Felda Group's financial position worsened after the listing of Felda Gobal Ventures Holdings Bhd (FGV) now renamed as FGV Holdings Bhd in June 2012. The shares were listed at an issue price of RM4.55.
* A total of RM10.5bil was raised from the listing of which Felda received RM6bil while FGV received the remaining RM4.5bil.
* In 2012, Felda posted net profit of RM5.8bil due to other income of RM4.7bil. Since then, it recorded net losses of RM2bil (2013), -RM1bil in 2014 and -RM1.1bil in 2015 and -RM700mil in 2016 and this worsened to -RM4.9bil in 2017.
* As at Dec 31, 2017, Felda's liabilities totalled RM14.4bil where RM12.1bil was owed to financial institutions.
* Between 2007 and 2011, Felda was in a net cash position at between RM1.8bil and RM3.9bil but this fell to only RM400mil in 2017.
* Felda's revenue was at RM5.9bil in 2010 while its average income was RM3.1bil due to the strong crude palm oil prices which rose to RM3,283 per tonne in 2011.
* In 2012, Felda's revenue fell to RM100mil though in 2013, it was RM200mil while in 2014 and 2015, it was RM400mil in 2014 and 2015. In 2016 and 2017, its revenue was RM700mil.
* The decline in the revenue was because FGV was unable to make contribution as much as RM800mil a year as it had anticipated before the IPO and also because CPO prices fell below RM3,000 per tonne since 2012 until now.
* In 2017, it posted net losses of RM4.9bil though CPO prices were RM2,790 per tonne compared the net profit of RM1.1bil in 2008 when CPO was at RM2,850 per tonne.
* The lend lease agreement did not provide the returns as projected when FGV was listed, instead it had a negative impact on Felda's financial position.
* The net losses of RM4.9bil in 2017 were due to the deterioration in the income from plantation operations due to the negative impact from the LLA and also purchase of assets and investments in non-strategic assets like the purchase of assets which were above market price and poor governance.
* Felda's biggest expenses from 2007 to 2017 were for the financing to the settlers and contributions to the state government totalling RM13.1bil and also staff costs of RM2.7bil.
* Felda's financial position was also impacted by the special payment of RM1.7bil to the settlers in 2012.
@joan123.... I leave it to everyone choice...if you want to take profit then you could rightfully do so... For me.... I would hang on since the price has pierced through 1.25 which stood as the resistance level and stood above it convincingly....
I would monitor the progress and see whether it has the stamina to propel forward and challenge the 1.38 previous high hit on the previous round.... Furthermore the operational report produced recently shown remarkable improvement.... really positive feedback by the management team....
Move on. What took place on FGV needed a closure thru White paper. Politician like Azmin Ali needed FGV drama saga to improve his position in the political arena.
What took place on the financial statements of FGV have already discounted on last year. All the impairment has been implemented.
"Azhar: If CPO price touched 2500, 1 bil profit ensured."
REMEMBER THIS QUOTE FROM AZHAR. HE WILL NOT FUK U UP. HE DIDN'T SELL HIS SHARES.
Felda Settlers!syabas. Pergi undi kerajaan yang mencuri tanah orang melayu miskin(felda) dan kemudian mengunakan tanah yang dicuri sebagai umpan (FGV) untuk curi duit cina, india, dan sekali lagi duit melayu melalui listing kat bursa.....orang-orang yang masih menyokong kerajaan lepas mesti kroni yang selama ini menikmati duit haram 1mdb,duit curi lembu, duit yang dilesapkan dari tabung haji....mungkin ada salah serong dari mereka.
The government has agreed to provide government guarantee to allow Felda to restructure its loans with financial institution," said Mohamed Azmin when he tabled the White Paper.-The Edge 10/4/19
Masa depan Peneroka perlu dijamin. -The Edge (Azmin Ali)
Looks like White paper tabled today promote positiveness and confident to improve the debts and loan structures with the financial institutions thru GOVERNMENT GUARANTEED.
So tell me folks, when government gives the green light, BUY!!!
Orang Melayu kena bangun dari tidur selama ni. Beli insuran takut haram, duit semua masuk tabung haji ingatkan bersih sebab takaful, padahal duit dilesapkan dan digunakan untuk mengemukkan menteri-menteri, kroni-kroni, anak-anak dibawah pemimpinan DSAI. bangunlah wahai semua Melayu.
Kaum lain semua dah makin diberkati Tuhan.... sebab apa? Sebab tak curi. Sebab sering menanggung belasah dan dianiaya oleh orang tertentu ni.
About RM2.7 billion of the RM10.5 billion generated from the listing of FGV Holdings Bhd was misused to secure political support ahead of the 14th general election
As long as FELDA is managed by BUMIs, it cannot prosper. Don't have fat hopes. Govt uses public money to rescue these parasitic companies. Tax money goes down the drain again.
Tongkarat your advice always professional. Thks. Tomoro I top up another 10k units for long term. Last round I quit when u quit. Thk god. Made quite good profit. Now things are transparent
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....
Terence Chee
155 posts
Posted by Terence Chee > 2019-04-10 15:18 | Report Abuse
Kwap selling?