Posted by Syndicates > 2021-01-28 16:12 | Report Abuse

if you notice the volume on market, not 100% the volume at 1.30 is done by felda. i can assume there's other parties buying too.

Posted by Chua Joe Beng > 2021-01-28 16:22 | Report Abuse

Felda will not revised d offered price as d reimbursement to those shares they acquired will b huge! I guessed most Felda settlers who bought FGV shares at time of IPO will eventually got into d hands of Felda! They will get d 90% to privatise FGV!

Posted by apprentice > 2021-01-28 16:38 | Report Abuse

Chua, wake up.

Those who accepted 1.30 will not get anymore.

Dont tell me after you sell your shares, when the price goes up, you ask for the difference?

Posted by Chua Joe Beng > Jan 28, 2021 4:22 PM | Report Abuse

Felda will not revised d offered price as d reimbursement to those shares they acquired will b huge! I guessed most Felda settlers who bought FGV shares at time of IPO will eventually got into d hands of Felda! They will get d 90% to privatise FGV!

Posted by Chua Joe Beng > 2021-01-28 16:46 | Report Abuse

Posted by apprentice > Jan 28, 2021 4:38 PM | Report Abuse

Chua, wake up.

Those who accepted 1.30 will not get anymore.

Dont tell me after you sell your shares, when the price goes up, you ask for the difference?


that is if u buy at bursa market but what if on offering price basis?

Posted by Mabel > 2021-01-28 17:29 | Report Abuse

You will not get it too as you already to agree to sell them at RM 1.30..

MEOW

Posted by Mabel > 2021-01-28 17:30 | Report Abuse

#Syndicates if you notice the volume on market, not 100% the volume at 1.30 is done by felda. i can assume there's other parties buying too.
28/01/2021 4:12 PM

Yes Syndicates you are absolutely right...

Meow

Posted by strattegist > 2021-01-28 17:50 | Report Abuse

relax and enjoy the drama...

Posted by Lukey_Greek > 2021-01-28 21:40 | Report Abuse

Revised offer price will be enjoyed by the shareholders who have accepted the offer earlier

Refer to Clause 3.5 (ii) 2nd sentence:

Where terms are revised, the benefits of the revised Offer will be made available to the Holders who have accepted the Offer before such revision. Notice of such extension or revision will be posted to the Holders accordingly.

https://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=205237&name=EA_DS_ATTACHMENTS

Posted by Lukey_Greek > 2021-01-28 22:03 | Report Abuse

Based on the record disclosed, 209 million shares (5.7% of the total share issued) of FGV transacted at 1.28 on 23rd Dec (one day after the MGO news announced) were not bought by Felda & so far havent accept the offer yet.

You think what's the fair value of FGV for these investors are looking at?

Posted by fgvnewbie > 2021-01-28 23:43 | Report Abuse

Which dragon? Why no reply? Not some1 like sour grape?

Posted by fgvnewbie > 2021-01-28 23:44 | Report Abuse

Felda intention not to delist FGV? Why if they buy not enough by due date?

Posted by fgvnewbie > 2021-01-28 23:47 | Report Abuse

2nd Feb is 1st of how many due date to privatise FGV?

Posted by Mabel > 2021-01-29 00:15 | Report Abuse

#Lukey_Greek Revised offer price will be enjoyed by the shareholders who have accepted the offer earlier

Refer to Clause 3.5 (ii) 2nd sentence:

Where terms are revised, the benefits of the revised Offer will be made available to the Holders who have accepted the Offer before such revision. Notice of such extension or revision will be posted to the Holders accordingly.

https://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=205237&name=EA_DS_ATTACHMENTS
28/01/2021 9:40 PM

Thanks for sharing Lukey!

Posted by Mabel > 2021-01-29 00:16 | Report Abuse

Mabel will still do nothing..

Mabel will just relax and enjoy the drama just like strategist..

RM 2 is doable..

Meow Meow Meow

Posted by zackboy > 2021-01-29 05:49 | Report Abuse

Crazy what is happening in the US on the GME issue. I hope the effect will spill over to Msia and FGV stock that people revolting to these investment banks that recommended accepting the low offer. Already Felda settlers are confused with conflicting advises given to them like government parties advise them to accept while NGOs etc advise them not too.

Posted by zackboy > 2021-01-29 08:46 | Report Abuse

https://www.utusan.com.my/berita/2021/01/jual-saham-fgv-peneroka-keliru/

Sementara itu, Pengerusi Dewan Perniagaan Bumiputera Felda (DPBF) Pahang, Muzammil Mualif bersetuju dengan pandangan Presiden Alumni Majlis Belia Felda Malaysia (AMBFM), Datuk Abdullah Abu Bakar supaya peneroka tidak menjual saham mereka.

Katanya, ia selari dengan penegasan pemimpin dan pegawai tertinggi Felda sebelum ini yang mengingatkan peneroka supaya jangan berbuat demikian.

Posted by TheSecret > 2021-01-29 09:16 | Report Abuse

FCPO Feb 2021 now over 3750, very good for palm oil counter

Posted by strattegist > 2021-01-29 09:30 | Report Abuse

relax

Posted by Mabel > 2021-01-29 10:16 | Report Abuse

Brilliant Guys!

Mabel will still do nothing..

Mabel will just relax and enjoy the drama just like strategist..

RM 2 is doable..

Meow Meow Meow

Posted by strattegist > 2021-01-29 10:46 | Report Abuse

cool

Posted by strattegist > 2021-01-29 10:49 | Report Abuse

it is not going to be an easy ride for Felda...

we stay put and give Felda some resistance.. relax

Posted by Mabel > 2021-01-29 11:14 | Report Abuse

The Fight between Retailers and Felda is like a fight between David and Goliath..

David and Goliath are often referenced as a moral lesson of how underdogs can overcome the odds and be successful. The phrase “David strategies” has been used to describe what underdogs have to do to overcome Goliaths

In this story, David has bare knuckle brawled with the giant Goliath and beat him up with his bare hands. David wasn't scared because he wasn't going to fight fair. David wasn't picking a fight with a giant, he was using his shepherd skills to kill the Giant the way he would kill a bear or a lion chasing his sheep

Much of what we consider valuable in our world arises out of these kinds of lopsided conflicts, because the act of facing overwhelming odds produces greatness and beauty..

Meow

Posted by strattegist > 2021-01-29 12:46 | Report Abuse

cool

Posted by zackboy > 2021-01-29 12:57 | Report Abuse

Has it been confirmed yet of the aborted privatization plan? Can't find any news.

Posted by ThousandWishes > 2021-01-29 13:29 | Report Abuse

A shareholder in FGV told The Malaysian Reserve (TMR) that he wants a higher price for the shares he owns in the company. “That’s the only way Felda can attract minority shareholders. I think RM1.80 should be the right price,” he said.

Last Friday, five of FGV’s non-interested directors advised shareholders to reject Felda’s offer as they believed the offer price undervalued the company.

The directors’ stance is opposed to independent advisor RHB Investment Bank Bhd’s recommendation, which in its report, advised shareholders to accept the offer as it was reasonable but not fair.

Posted by wesleylwl > 2021-01-29 13:45 | Report Abuse

Hold on. We like this stock

Posted by strattegist > 2021-01-29 14:20 | Report Abuse

relax

Posted by Lukey_Greek > 2021-01-29 14:33 | Report Abuse

FGV is due to announce extension of the offer period today. Hopefully it comes together with price revision.

Posted by Lukey_Greek > 2021-01-29 14:56 | Report Abuse

Bought some shares today to aim for 1st revision price of 1.50.

Posted by strattegist > 2021-01-29 15:00 | Report Abuse

cool

Posted by strattegist > 2021-01-29 15:08 | Report Abuse

all for one...and...one for all... yeahhhhh

Posted by strattegist > 2021-01-29 17:30 | Report Abuse

Wowwwwww... closed green 1.31

Posted by zackboy > 2021-01-29 17:34 | Report Abuse

Today first time closed above the offer price. So impressive. A sign that Felda's plan is failing.

Posted by wesleylwl > 2021-01-29 17:49 | Report Abuse

There haven't been any acceptance and acquiring of shares recently as well

Posted by Mabel > 2021-01-29 20:04 | Report Abuse

Very impressive closing. Well done Guys !

This is what Mabel has gathered as of 29th January 2021 with one more trading days to go.

On Dec 8, 2020, Felda, which already owned 21.24% equity interest in FGV, increased its stake in the company to 35.12% and proposed to take FGV private at RM1.30 a share. The additional 13.88% stake was bought from KWAP (6.1%) and Urusharta Jamaah Sdn Bhd (7.78%).

On Jan 14, Felda bought 9.97 million more shares in FGV Holdings Bhd from the open market for RM12.96 mil at RM1.30 apiece. This raised the number of FGV shares acquired by Felda so far this week to 75.97 million shares.

On Jan 19, the agency bought 66 million shares via the open market at RM1.30 each for a total of RM85.8 mil. On Jan 23, Felda announced in two filings that it had purchased a total of 27.15 million FGV shares from the open market for RM1.29 each, or RM35.02 mil.

From Jan 25th to 27, 33,186,400 shares were purchased on the open market (Assuming 50% of these share are bought by Felda while the rest are bought by Retailers and Foreign Fund)

Today Jan 29th, 16,190,200 shares were purchased on the open market (Assuming 50% of these share are bought by Felda while the rest are bought by Retailers and Foreign Fund)

By Jan 29, this is the current standing of FGV Shareholding.

Goliath Felda PAC Team = 2,065,902,880 (56.63%)
David Private Investors Team = 1,582,097,120 (43.37%)

Its obvious Goliath Felda is far from achieving the 90% yet they continue buying from the open market. Don't forget, any revision of price will only benefit the shares that have not been acquired by Felda.

I also suspect they will extend the period to collect from weak holders and revise the offer for the remaining shares. A few hundred million is peanuts to the govt as they are using tax payer's money.

Meow

Posted by greenpack > 2021-01-29 22:09 | Report Abuse

https://www.theedgemarkets.com/article/feldas-stake-fgv-rises-69-takeover-offer-closing-date-extended-feb-16

Posted by apprentice > 2021-01-30 03:58 | Report Abuse

As predicted, offer extended by 2 weeks. But no price revision.

Offer ends before QR4 out. Interesting.

Posted by EVO118 > 2021-01-30 06:01 | Report Abuse

DON"T SELL. Felda need another 6.24% or 290.22 million more shares to be able to get past the 75% mark. There are only 54 million buy orders at 1.30 at close of Friday. Assuming all 54 million are bought by Felda that will only get them to below 70%. They need 57.67 million to even touch 70%.

Posted by Zahrul > 2021-01-30 06:35 | Report Abuse

Berapa % yg ada pada peneroka felda pegang?

Posted by Mabel > 2021-01-30 09:00 | Report Abuse

@Zahrul Berapa % yg ada pada peneroka felda pegang?
30/01/2021 6:35 AM

In the Malaysia’s privatisation drive, settlers were given 51% of the Felda shares at this stage, with the parent Felda company owning the remainder. Settlers held their shares through their own cooperative, the Koperasi Permodalan Felda. Currently KPF holds 173,340,508 Shares.

The public listing of Felda Global Ventures Holdings (FGV) in 2012 raised Felda’s global profile as the third World largest producer in the palm oil industry (after Malaysia Sime Darby and Indonesia based on land size while Singapore Wilmar International is the biggest based on Market Capitalisation). The listing of FGV with an IPO of 2.19 billion shares was completed on 28 June 2012. Felda settlers received an instant cash bonus of RM15,000 each and also became minor shareholders in FGV (800 shares per settler). FGV is now the 3rd largest producer of CPO with operations mostly in Malaysia, but also in ten countries (for its palm oil supply chain as well as other agro-industrial processing).

Will hold to my precious shares and wait patiently...

Meow

Posted by Mabel > 2021-01-30 09:40 | Report Abuse

#EVO118 DON"T SELL. Felda need another 6.24% or 290.22 million more shares to be able to get past the 75% mark. There are only 54 million buy orders at 1.30 at close of Friday. Assuming all 54 million are bought by Felda that will only get them to below 70%. They need 57.67 million to even touch 70%.
30/01/2021 6:01 AM

Noted and thanks for your observation EVO118..

Based on Technical Chart..

If we use weekly chart of FGV, the stochastic for both blue line and red line are 100%. This mean the long term holders are not selling and still holding the FGV shares. We are expecting upcoming Q420 will be spectacular result due to the rise of CPO..

Meow everyone!

Posted by Mabel > 2021-01-30 10:23 | Report Abuse

https://www.theedgemarkets.com/article/indian-and-chinese-demand-palm-oil-likely-rise-2021#:~:text=In%202019%2C%20India%20accounted%20for,at%20RM3%2C134%20per%20tonne.

Thank you India and China. Please keep buying our Palm Oil..

Posted by stockraider > 2021-01-30 10:34 | Report Abuse

Correctloh...stand strong with Mabel....hold on FGV loh...!!

Revision of FGV is coming mah....!!

New TP Rm 1.60 to Rm 1.90 do not sell at around Rm 1.30 loh!!

Be confident with FGV loh!

Posted by stockraider > 2021-01-30 10:38 | Report Abuse

Even if they cross 75% so what leh ??

They cannot compulsory acquire FGV mah....!!

In order To compulsory acquire they need to acquire 96% of FGV mah!

What raider see is that, the more FGV holds or acquired from the market, the more likely they will revise the GO price bcos that will cost FGV much less to take it private loh!

Posted by strattegist > 2021-01-30 10:44 |

Post removed.Why?

Posted by Mabel > 2021-01-30 10:55 | Report Abuse

Stockraider and strattegist are smart Investors...

Mabel always adore smart Investors..

Meow Meow Meow

Posted by Mabel > 2021-01-30 11:57 | Report Abuse

Here's the latest estimates based on this article from Edge for our tracking for the next 16 days..

https://www.theedgemarkets.com/article/feldas-stake-fgv-rises-69-takeover-offer-closing-date-extended-feb-16

FGV Holding as 30th January 2021

Felda PAC Team - 2,517,092,401 (69.00%)
Private Investors Team - 1,130,907,599 (31.00%)

Meow

Posted by strattegist > 2021-01-30 14:16 | Report Abuse

cool

Posted by zackboy > 2021-01-30 16:14 | Report Abuse

https://www.bernama.com/en/business/news.php?id=1926962

In a separate statement, Maybank Investment Bank Bhd notified that the closing time and date for the shareholders to accept the unconditional mandatory takeover offer has been extended to Feb 16, 2021 at 5 pm, from Feb 2 at 5 pm.

Maybank IB is the principal adviser to FELDA for the offer document.

On Dec 8, Felda proposed to launch the takeover offer after acquiring 222.48 million FGV shares (6.1% stake) held by KWAP and 283.71 million FGV shares (7.78% stake) held by Urusharta Jamaah Sdn Bhd for RM658 million cash.

As at Jan 29, Felda and persons acting in concert held 68.76 per cent stake in FGV.

Posted by Mabel > 2021-01-30 16:49 | Report Abuse

Thank you Zackboy for this latest information..

So its 68.76%..

Mabel will update this data in my spreadsheet for our continuous tracking...

It's all about teamworks, the rest is technology..

Meow Meow Meow