when getting on the throne, already shaken the stock market with cost saving policy. now even the Klci is falling, you just want to save one company. and that company is ........
NESARAJAH1.... Market as a whole is very weak...klci is down. Index linked stocks have been sold down. FGV is not being spared as well.
As I have been mentioned several times....my action taken would be based on FA and TA... The technical indicators and charts have not changed and FGV share price is currently way above the support line of 1.15 - 1.18.... I would personally hold for the time being....
The LLA can not be simply amended. It has to get approval from FGV shareholders. The government or Felda has to pay compensation for any LLA amendment.
Azmin has to be fair to both FGV shareholders and Felda settlers. Felda settlers are not the only victims, FGV shareholders are victims as well. Felda settlers did not get what they were promised to receive. The same goes to FGV shareholders. FGV did not perform as what Felda had forecasted in the prospectus during IPO.
Extract from Azmin speech, "Mohamed Azmin said Felda should receive an annual payment of RM248 million plus a 15% share of plantation profit generated from the 99-year lease of its commercial land."
If FGV were to make profit of RM1,248mil before the annual payment.
Felda share : RM248mil + RM150mil = RM398mil or 32% FGV share : RM850mil or 68%
I think this is a very fair deal as FGV is doing all the job and Felda is only providing the land and "old" trees. Furthermore, Felda has pocketed RM10.5bil during IPO. Based on interest rate of 6.5%, that RM10.5bil is yielding RM683mil per year.
If we take this RM10.5bil into consideration, Felda share : RM1,081mil or 56% FGV share : RM850mil or 44%
Please treat the FGV shareholders fairly. By treating the FGV shareholders fairly, it is in fact treating Felda fairly as Felda is the biggest shareholder. The government should help to grow FGV and by doing so, Felda will be benefited in terms of share price increase and sharing of profit.
As I have been mentioned several times....my action taken would be based on FA and TA... The technical indicators and charts have not changed and FGV share price is currently way above the support line of 1.15 - 1.18.... I would personally hold for the time being....
@NESARAJAH1 Save your hard earned money and spend your retirement peacefully instead of "gambling" it in dubious counters and having pieces of mind at old age.
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....
TYS_Capital
1,691 posts
Posted by TYS_Capital > 2019-04-11 13:23 | Report Abuse
when getting on the throne, already shaken the stock market with cost saving policy. now even the Klci is falling, you just want to save one company. and that company is ........