Posted by icecool > 2020-10-28 15:34 | Report Abuse

@BN_better "2021 Budget RM 2 trillion can make every1 happy?" this will make everyone angry. PN should give more stimulus money to people for budget 2021 then everyone will be happy and remember PN hahaha

Posted by strattegist > 2020-10-28 16:09 | Report Abuse

sustain

Posted by strattegist > 2020-10-28 18:06 |

Post removed.Why?

Posted by Shawalrich87 > 2020-10-28 18:14 | Report Abuse

Patient is the key and trading plan and chart knowledge

Posted by ming > 2020-10-28 18:46 | Report Abuse

https://www.klsescreener.com/v2/news/view/746097

https://www.nst.com.my/business/2020/10/635295/felda-taking-back-land-fgv-not-fair-deal-economists

4.3bil cash then can venture to glove industry..lol

Posted by Shawalrich87 > 2020-10-28 19:01 | Report Abuse

Yes , plan to terminate land lease go through and agree by the cabinet . No more financial burden that drag FGV's bottom line .. soon fgv will register stronger profit on back the strong price of commodity.

Posted by dam82 > 2020-10-28 19:07 | Report Abuse

cash cow lor FGV now ...4billons can do wonder

Posted by strattegist > 2020-10-28 20:20 | Report Abuse

Mambang sukaaaaaa

Posted by dam82 > 2020-10-28 20:22 | Report Abuse

4 billion at this time with many plantation struggling FGV can buy nice asset ..

Posted by DickyMe > 2020-10-28 21:29 | Report Abuse

"Felda suffers RM10.6b debt, expected to recover in 2023"

LOL! Expected to recover 2023!!

Nujum Pak Belalang.

The fact is, loss through swindling...

Posted by DickyMe > 2020-10-28 21:31 | Report Abuse

Can never recover if no change in kleptocracy, greed, pilferage and the list goes on.

Posted by mf > 2020-10-28 21:31 | Report Abuse

Dow Jones 26,934.529 -528.66 1.92%

Posted by ming > 2020-10-28 22:13 | Report Abuse

https://www.bharian.com.my/berita/nasional/2020/10/747351/sukuk-rm99-bilion-untuk-laksana-pelan-pemulihan-felda

Suku 9.9 b, prepare money liao

Posted by Jeffreyteck > 2020-10-28 23:15 | Report Abuse

Yummy, another round of festival with 9.9 b for those who dare and with power.

Posted by ming > 2020-10-28 23:22 | Report Abuse

But cpo price so nice now.. hmmm

Posted by Mabel > 2020-10-29 00:22 | Report Abuse

Datuk Sri Mustapa Mohamed, Minister in Prime Minister Department (Economy), announced that the Cabinet has agreed to the recommendation for the termination of Felda’s LLA with FGV.

It is understood that in the event the LLA is terminated, FGV’s compensation would be calculated based on the average profit per mature hectare for the entire leased land (based on its latest audited financial statements at the point of notice) multiplied by the loss of FGV’s future profits.

FGV will be compensated for 10 years in future profits if the LLA is terminated less than eight years from the last replanting, and five years of future profits if the agreement is terminated more than eight years from the land’s last replanting.

Felda is also obligated to take over the employment of relevant plantation staff with the same employment terms or better than what was offered previously if the LLA is terminated.

Coincidently, about two weeks ago, FGV received an expression of interest from Perspective Land (M) Sdn Bhd (PLSB), which is wholly owned by Tan Sri Syed Mokhtar Albukhary’s privately-held Restu Jernih Sdn Bhd,

According to FGV's filing with the stock exchange, PLSB intends to participate in FGV via an injection of plantation assets in exchange for shares. PLSB owns the Tradewinds group of companies, which include Tradewinds Plantation Bhd and Central Sugars Refinery Sdn Bhd, which are in the same businesses FGV is involved in.

The timing seems opportune for the tycoon, as crude palm oil prices have recovered from their trough in May. The commodity's three-month futures price has climbed from a low of RM1,962 in May to above RM2,800-level.

https://www.theedgemarkets.com/article/fgv-transition-after-termination-land-lease-agreement-felda

Meow

Posted by Mabel > 2020-10-29 00:38 | Report Abuse

https://www.bharian.com.my/berita/nasional/2020/10/747351/sukuk-rm99-bilion-untuk-laksana-pelan-pemulihan-felda

This means..

1. Felda now has the funding to pay FGV
2. Compensation which can go as high as RM4.3 Bil to RM7 bil (or RM1.1 to RM1.90 per share)
3. Land injection by PLSB which will increase FGV’s landbank size to 212,170 hectares.
4. Potential downstream activities that can help FGV.

Win Win situation for both parties

No more financial burden that drag FGV's bottom line. Soon FGV will register stronger profit on back the strong price of commodity which is above RM 2800 level.

Meow

Posted by ming > 2020-10-29 02:03 | Report Abuse

Why not felda jz takeover fgv..

Posted by Mabel > 2020-10-29 07:06 | Report Abuse

@ming Why not felda jz takeover fgv..
29/10/2020 2:03 AM

FELDA is under MOF not really a business entity while FGV is a business entity. Felda is under PM Office. Now under Datuk Sri Mustapa Mohamed, Minister in Prime Minister Department (Economy). That's why he is now making the statements

It's the more or less about the same reason why Air Asia cannot take over or merge with AAX since it involve two legal entity and licence setup.

Meow

Posted by strattegist > 2020-10-29 08:43 | Report Abuse

public holiday...relax

Posted by Mabel > 2020-10-29 09:47 | Report Abuse

@strattegist public holiday...relax
29/10/2020 8:43 AM

Relax?

I'm actually has started counting my money oledi ...

This time thinking whether to laugh all the way to my Maybank, my Public Bank or my CMIB...

Hihihi....

Meow

Posted by Flyinghorse > 2020-10-29 09:55 | Report Abuse

https://www.thestar.com.my/business/business-news/2020/10/28/fgv-triang-biogas-plant-to-generate-rm5m-revenue-a-year

Posted by jk20598 > 2020-10-29 11:18 | Report Abuse

It is no coincidence that Syed Mokhtar's move to take on fgv came at the perfect timing When the Government cancels the Felda LLA.He probably is the suitor arranged by the Government to fill up the plantation vacuum created by the LLA cancellation.His co. Tradewind Bhd used to make 480m year 2010,share price 8 to 10.He is an expert in fgv trade n fgv will really fly from now on.

Posted by Shawalrich87 > 2020-10-29 11:52 | Report Abuse

I will hold my share in fgv for long term, waiting it to appreciate..

Posted by Shawalrich87 > 2020-10-29 11:52 | Report Abuse

Hold more than 5 years

Posted by Mabel > 2020-10-29 12:14 | Report Abuse

Me too..

Meow Meow Meow

Posted by petnch2020 > 2020-10-29 13:23 | Report Abuse

Just some question: If Syed Mokhtar inject his asset and he will get FGV shares in return. If the amount exceeds the 33% he needs to the a General Offer right to the minorities?

I know the long term story of FGV after LLA is actually bright (Cash + Syed Mokhtar = profitable company), but just want to know if there is any short term play here for us. ;).... anyone in corporate finance can advice?

Posted by Mabel > 2020-10-29 15:14 | Report Abuse

@petnch2020 Just some question: If Syed Mokhtar inject his asset and he will get FGV shares in return. If the amount exceeds the 33% he needs to the a General Offer right to the minorities?

29/10/2020 1:23 PM

Meow petnch2020 !

If he gets 33% then, Mabel thinks he must make mandatory general offer. Unless SC exempts.

International Bar Association ( Msia), the Trigger Points are

A bidder triggers the obligation to extend a mandatory offer to acquire all the shares of the target company which he or persons acting in concert with him do not, already own if:

 the bidder, together with persons acting in concert with him, acquires more than 33% of a company; or

 the bidder, together with persons acting in concert with him, holds between 33% and 50% of the voting shares or voting rights, and acquires more than 2% of the voting shares or voting rights in any period of 6 months.

There are two other instances where a mandatory offer is required to be made: acquisition of upstream company and acquisition of between 20% and up to 33%.

Here are the Shareholdings

Name Equities %
Government of Malaysia 775,029,800 21.2%
Felda Asset Holdings Co. Sdn. Bhd. 452,921,192 12.4%
Urusharta Jamaah Sdn. Bhd. 292,919,700 8.03%
Kumpulan Wang Persaraan 220,959,300 6.06%
Koperasi Permodalan Felda Malaysia Bhd. 185,340,508 5.08%
State of Pahang 182,407,575 5.00%
State of Sabah 148,545,055 4.07%
Employees Provident Fund 123,427,700 3.38%
The Vanguard Group, Inc. 61,089,307 1.67%
Lembaga Tabung Angkatan Tentera 45,593,900 1.25%

Do you think Syed Mokhtar has more than 33%?

Meow

Posted by ming > 2020-10-29 15:23 | Report Abuse

https://www.klsescreener.com/v2/news/view/746429

Paying 3.5b to 4.3b.. almost can buy over whole fgv liao..

Felda is crazy now

Posted by ming > 2020-10-29 15:23 | Report Abuse

Or mayb they purposely wan cash out for election fund?

Posted by Flyinghorse > 2020-10-29 15:26 | Report Abuse

https://www.theedgemarkets.com/article/fgv-expects-compensation-lla-termination-be-between-rm35b-and-rm43b%C2%A0

Posted by Mabel > 2020-10-29 16:32 | Report Abuse

Still very good compensation..

Imagine this is happening during pandemic time.

Meow Meow Meow

Posted by Mabel > 2020-10-29 16:33 | Report Abuse

Thank you Flyinghorse.

I guess all of us will be flying soon..

Meow

Posted by dam82 > 2020-10-29 19:31 | Report Abuse

its as good as FGV Getting money from IPO imagine what they can do with 4b Minimum .... cash rich company lor ...

Posted by 8888_ > 2020-10-29 20:25 | Report Abuse

FGV expects compensation from LLA termination to be between RM3.5b and RM4.3b
https://www.theedgemarkets.com/article/fgv-expects-compensation-lla-termination-be-between-rm35b-and-rm43b%C2%A0

Posted by yong1985cm > 2020-10-29 21:05 | Report Abuse

RM3.5bil.equal to extra RM1 extra eps and RM1 extra NTA per share.. correct?

Posted by Harris76 > 2020-10-29 22:11 | Report Abuse

Hope FGV is really going to fly. Been holding for 3 over years. Payback time. All the best guys!

Posted by Mabel > 2020-10-29 22:50 | Report Abuse

@yong1985cm RM3.5bil.equal to extra RM1 extra eps and RM1 extra NTA per share.. correct?
29/10/2020 9:05 PM

yong,

Please share how you derive the above calculation..

Meow

Posted by ming > 2020-10-29 23:24 | Report Abuse

https://www.klsescreener.com/v2/news/view/746491

Posted by ming > 2020-10-29 23:27 | Report Abuse

Get cash but ffb production also become lower..

This compensation is good for company with low efficiency ..

But bad for company with good efficiency..

U think fgv belongs to which? Haha xD

Posted by dam82 > 2020-10-29 23:56 | Report Abuse

Even FELDA take back the Lands to whom they will sell my guess is still towards FGV Plant ...

Question is what FGV have planning to do with this almost 4B ...If Tradewind and FGV Combine ... its intresting

Posted by winmal > 2020-10-30 07:33 | Report Abuse

limit up today.. FGV get at least RM1 for LLA termination & notice 18 months during transition period as currently have high CPO price above RM3k

Posted by Jeffreyteck > 2020-10-30 08:02 | Report Abuse

18 months to complete means opportunities for goreng. Est end results is remains status quo as who want to reward non performer easily.

Posted by Shawalrich87 > 2020-10-30 08:18 | Report Abuse

Looking forward FGV's financial performance to double confirm the true potential of this plantation stock..now holding ..

Posted by Shawalrich87 > 2020-10-30 08:30 | Report Abuse

Post lla termination, fgv financial performance outlook bright and ban export to the us market is circa 5% and have minimal impact to the group financial statement.cpo trade above 2300 and it at peak output plantation capacity.

Posted by Shawalrich87 > 2020-10-30 08:37 | Report Abuse

Fgv on road to the recovery

Posted by winmal > 2020-10-30 09:08 | Report Abuse

FGV will become net cash company

Posted by Shawalrich87 > 2020-10-30 09:15 | Report Abuse

Totally agree. I have 4000 unit. Plan to top up. No trading session today

Posted by richman > 2020-10-30 09:27 | Report Abuse

resume 10 am

Posted by 8888_ > 2020-10-30 09:32 | Report Abuse

Beside civil servant, pensioners govn(PN) must take care Felda Settlers well to remain in power?