Calvin, I not with interest your comment on warrants and gloves, how the IB Banks try to contain losses by pushing down the mother share. Could it be happening to FGV as I see a lot of warrants goin to be in the money. Your thoughts
Thanks for your input Calvin. Previously, when CPO at 3,400 back in 2017, FGV >2.0. Now with CCPO at 3,600 it is at 1.28. if I am a Felda settler, I will be very unhappy with the way FGV is managed.
Let Calvin give some pointers or else people start thinking stray thoughts ok
here you go:
1. Felda wants back its lands from Fgv. Fgv expects high compensation due to billions spent on replanting old palm trees and Fgv got 68 mills worth Rm60 millions each
so there is still ongoing discussion
2. Govt in budget speech mentioned Felda by name and gave Felda Rm400 millions free money (at the same time exactly Rm400 mil was contributed by Top Gloves and others
Why out of 1,000 Klse co Felda is the chosen one ?
3. Syed Moktar showed interest by official letter to Fgv to inject Tradewind plant into Fgv. This was not accepted initially but no further confirmation
And Fgv last quarter profit showed a strong turn around of excellent 3.8 sen profit
That was when Cpo was around Rm2,500 a tonne. Now Cpo crossed Rm3600 and rubber up 50% the fortunes of Fgv turning increasingly brighter and better
Now is suspension time
What is in Store for shareholders ?
Some guesses
Tmakmur buy call Rm1.38. Tmakmur Taken private by Agong at Rm1.90
Kulim buy call was Rm2.50 Taken private by Johor Corp for Rm4.10
Kwantas was 50 (many quarter losses ) offered to take private at Rm1.65
Will Fgv be taken private?
That is not sure yet. So await a favorable outcome
FELDA still need minority approval since KWAP or Urusharta out of picture ..all should reject this nonsens ... what i understand FELDA bought 1.30 from both of the fund so question is how much they will pay for the remaining .. commen sense 1.29 but offer 1.30 its a joke ..
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
57,225 posts
Posted by calvintaneng > 2020-12-08 12:33 | Report Abuse
Wahaha
Fcpo Dec 2020 reached new high of Rm3700 right now
Bull run for Fgv now unstoppable !!!