Posted by strattegist > 2021-01-15 17:38 | Report Abuse

relax

Posted by james8888 > 2021-01-15 22:19 | Report Abuse

Dont accept. It is too low.. let them revise

Posted by james8888 > 2021-01-15 22:19 | Report Abuse

Remember IPO was RM4.50

Posted by Mabel > 2021-01-15 22:27 | Report Abuse

#mikeazk Thanks Mabel. I know you mention the price will go higher than 1.3 . Similar with Dex question, what if we do nothing till closing date& time? Is our shares going to be forfeited?
15/01/2021 3:03 PM

Previously I have accepted MAS and La Farge as the Privatisation offer was good. For CCB, I accepted the offer as the offer was also good. However, CCB Privatisation does not go through as the Minority Shareholders voted out as they want more compensation.

For FGV, this is Mabel Understanding. Stand to be corrected. It will not be forfeited. If you don't accept and Felda secured 90% you will be automatically traded at the offer price of RM 1.30.

Meow

Posted by Mabel > 2021-01-15 22:28 | Report Abuse

To confirm just call up your remiser or your respective Investment Banks.

Meow

Posted by 500Bilis > 2021-01-16 08:53 | Report Abuse

Minority shareholders please do not freak out...

Those who rejected the RM1.30 offer have nothing to lose. I presume many MI here worry once they rejected, they will be given a price lower than RM1.30 or even lost their shares entirely on whatsoever price given by FELDA later on.

FELDA may compulsorily acquire the shares of the remaining shareholders who had not accepted the takeover offer if FELDA has received 90% acceptances ie RM1.30 offer price (excluding the shares already held by FELDA or persons acting in concert) within four months after the making of the takeover offer.

If FELDA do not receive 90% acceptances, FELDA has to make application to court to compulsory acquire the shares of the remaining shareholders. The court may only grant an order upon it being satisfied that, among one of the conditions the offer price is fair and reasonable.

Hence, in conclusion FELDA will still give you RM1.30 to compulsory acquire your shares if FELDA has received 90% acceptance or go through court if less than 90% to acquire your shares at RM1.30 or entice you with a higher offer price. The wise decision to make at this juncture is obvious.

Have a safe

Posted by 500Bilis > 2021-01-16 09:01 | Report Abuse

Have a safe weekend everyone. Cheers

Posted by Mabel > 2021-01-16 11:26 | Report Abuse

Very good explanation 500Bilis..

Thank you!

Posted by strattegist > 2021-01-16 12:21 |

Post removed.Why?

Posted by UlarSawa > 2021-01-16 12:30 | Report Abuse

2 ways to look at this offer.

1. felda get 90% share. then all will get rm1.30. then delisted.

2. felda get less than 90%. share still listing can buy and sell in open market as usual.

3. will felda offer higher if cant get 90%. yes or no? bcos we dunno felda willing to offer or not yet. whether they have plan B if plan A failed.

4. if still listing. price can be higher or lower than rm1.30. no one know yet.

5. if remain listed entity. risk is still the same as b4 felda offer takeover. price can up also can down. no guarantee will be higher than rm1.30 if felda say enuf and decided to keep fgv as listed company. anyway above 50% can decide the fate of fgv already. can put Felda ppl in BOD and decide anything decision making in favour to felda only. Like the land lease agreement compensation value if felda insist to take back by force without need to compensate fairly to fgv. nothing you can do also.

6. finally accept or not. sendiri decide. your share you decide.


My decision is confirmed already. correct?

Posted by spchia > 2021-01-16 13:09 | Report Abuse

Better keep it sice palm price is increasing

Posted by ipunk > 2021-01-16 17:44 | Report Abuse

what happen if dont accept

Posted by TheContrarian > 2021-01-16 19:06 | Report Abuse

If don't accept, you get free cooking oil for life.

Posted by lee9fold > 2021-01-16 20:24 |

Post removed.Why?

Posted by lee9fold > 2021-01-16 20:25 | Report Abuse

since u so coward, jadi ular cacing saje lah, right?

Posted by lee9fold > 2021-01-16 20:26 | Report Abuse

from dragon to ular and now to cacing kah? HAHAHA

Posted by Harris76 > 2021-01-17 17:37 | Report Abuse

Don’t accept and hope they revise the price. At least RM1.80 per share although it does not deemed fair but better than RM1.30

Posted by lee9fold > 2021-01-17 18:25 |

Post removed.Why?

Posted by JN88 > 2021-01-17 23:56 | Report Abuse

JP Morgang Directors have a emergency meeting just now....Insider news...they will use all fund in Malaysia to buy back all shares number they shorted..... they need to cut losss.....congrats all you all win already.....

Posted by CAWALLUK > 2021-01-18 04:08 | Report Abuse

My London stockbrokers just sent me the take over offer, I told them to take no action ... I firmly believe the shares are worth at least RM1.60 - let's not be too hasty.

Posted by UlarSawa > 2021-01-18 08:31 | Report Abuse

solution promoter. FGV FD promosi over already. I no more holding any shares lah. sudah authorised my broker to accept lah. Mission accomplished. apa lagi mau cerita lah. solution still not rm1.80 right
I m still right. you are wrong right. Oh Yeah. Correct?

Posted by strattegist > 2021-01-18 09:39 | Report Abuse

relax

Posted by piranha88 > 2021-01-18 09:39 | Report Abuse

I have not received Felda's letter of offer. I do not intend to accept their offer anyway.

Does keeping silent mean I reject the offer or do I have to put in my vote and if so, how do I do it - online? Hope someone can help. Thank you

Posted by james8888 > 2021-01-18 09:59 | Report Abuse

it will be considered as not accepted the offer by default

Posted by james8888 > 2021-01-18 10:00 | Report Abuse

do not accpet the offer. It will be revised higher.

Posted by ghoyye > 2021-01-18 10:27 | Report Abuse

Sorry... if worst case scenario (of not accepting the offer) is to get RM 1.30 per share, then why would any minority shareholder accept the offer now? I'm a bit new in this so any further explanation would be appreciated. Thanks!

Posted by piranha88 > 2021-01-18 11:06 | Report Abuse

@ James8888, thank you. Sure, will not accept

Posted by piranha88 > 2021-01-18 11:11 | Report Abuse

@ ghoyye. The minority shareholder might not have holding power or they might not want to wait for something that might or might not materialise because if the price is eventually RM1.30, then they might have lost their opportunity at other counters (they think)

Posted by strattegist > 2021-01-18 11:28 |

Post removed.Why?

Posted by lee9fold > 2021-01-18 11:38 |

Post removed.Why?

Posted by drago_7 > 2021-01-18 12:10 | Report Abuse

Hold la... after the expiry date, they will revise the price if they still can't get 90% of the shares to privatize. RM1.30 is considered too low for value now.

Posted by ghoyye > 2021-01-18 13:01 | Report Abuse

@piranha88 Thank you for the explanation. Much appreciated.

Posted by UlarSawa > 2021-01-18 13:48 | Report Abuse

solution promoter go back promote solution lah. price is getting lower than rm1.20. better hurry up promote kuat sikit. why you come here to promote fgv kah. salah tempat lah. fgv 1.30 still valid lah
expiry date not over yet. still have few days. correct?

Posted by zackboy > 2021-01-18 14:07 | Report Abuse

Former FGV President and CEO said the fair price should be RM1.70-RM1.80.

https://www.bharian.com.my/bisnes/korporat/2021/01/777391/implikasi-fgv-jadi-syarikat-persendirian-wajar-dipertimbang

Bekas Presiden dan Ketua Pegawai Eksekutif Kumpulan FGV, Datuk Zakaria Arshad, berkata FELDA perlu berlaku adil kepada FGV dan pengurusannya, memandangkan mereka sudah mengambil pelbagai langkah untuk memperbaiki kedudukan kewangan syarikat perladangan itu.

Justeru, katanya, FELDA sepatutnya menggunakan jangkaan perolehan akan datang atau 'future earning' bagi mengira harga tawaran berbanding tawarannya untuk menjadikan FGV syarikat persendirian iaitu RM1.30 sesaham.

Katanya, ia berdasarkan andaian FGV mencapai keuntungan antara RM500 juta hingga RM600 juta tahun lalu dan nisbah harga pendapatan (PE) 20, dengan nilai tawaran sepatutnya sekitar RM1.70 hingga RM1.80 sesaham.

Posted by Mabel > 2021-01-18 14:48 | Report Abuse

... See FGV is worth more than RM 1.30...

That's why Mabel sudah loyal that offer letter...

Felda debt RM 10.2 Billions

Better use that money to pay all their debts..

It's basic common sense...

Leave FGV as it is...

I would like to see more competent players managing FGV....

Meow

Posted by ipunk > 2021-01-18 15:56 | Report Abuse

if I reject but Felda manages to get 90% agree can still sell my holding?

Posted by UlarSawa > 2021-01-18 17:08 | Report Abuse

today felda sapu 1.30 alot kah. correct?

Posted by piranha88 > 2021-01-18 17:42 | Report Abuse

@ Ipunk, if Felda gets 90%, what you hold will be sold to Felda for RM1.30

Posted by strattegist > 2021-01-18 17:42 | Report Abuse

relax

Posted by Mabel > 2021-01-18 19:51 | Report Abuse

Today I Sapu two tranches of Revenue shares already

My Inari are up

Greatec are up

MYEG are up

Penta are up

VS Industry are up..

Technology Stocks is a clear winner in Week 2.

Next will be Plantation

Meow Meow Meow

Posted by scenery > 2021-01-18 20:40 |

Post removed.Why?

Posted by drkelvin20 > 2021-01-19 09:24 | Report Abuse

Hello Guys, for the mandatory unconditional offer to buy back our shares, do we have to accept?

Posted by TheSecret > 2021-01-19 09:31 | Report Abuse

Good morning

South America Weather Radar shows Argentina very dry

Soybean and Corn will be fair in Brazil but quite bad in Argentina

that means that Soyoil will be sustained

Thus palm oil should be well supported above Rm3000

Production is as low as Rm1465 by Thplant

and No tax of 8% if cpo prices falls below Rm3450

So most Palm oil companies will enjoy 100% net profit for 2021

Glove ASP now at its apex and will plateaued off and also Glove prices up alot from it's lows

Tech stocks surged very very high but got only average earnings

So P/E now very high


Only palm oil stocks got real and solid earnings for 2021 and prices still low

So go for palm oil shares while others chase bubbles

Posted by strattegist > 2021-01-19 09:50 | Report Abuse

relax

Posted by zackboy > 2021-01-19 10:55 | Report Abuse

So yesterday RM1.31 was the highest price, 1 sen higher than the proposed RM1.30 offer price by Felda. I don't think the FGV takeover is successful. What do you all think?

Posted by ctw101 > 2021-01-19 12:10 | Report Abuse

rakuten is sending reminders for us to accept and pay??..i m confused.

Posted by atlantisbear > 2021-01-19 12:38 | Report Abuse

i only will sell for rm2

Posted by Hidup_PN > 2021-01-19 14:46 | Report Abuse

BPN 3.0 no more? $ must use to privatise FGV? >1 billion FGV shares more must buy to delist?

Posted by zackboy > 2021-01-19 14:51 | Report Abuse

today also hit RM1.31. Who would buy RM1.31 if not they believe the price will fetch higher later?

Posted by liyasari > 2021-01-19 15:37 | Report Abuse

ppl dont want to sell or accept..reasons given bought too high