Posted by strattegist > 2021-02-03 11:07 | Report Abuse

cool

Posted by EVO118 > 2021-02-03 11:53 | Report Abuse

Former Felda Chairman Isa Samad found guilty of RM3m corruption charges.
https://www.theedgemarkets.com/article/former-felda-chairman-isa-samad-found-guilty-rm3m-corruption-charges
About time they show FGV that you can't go around siphoning our money. Throw the book at them!

Posted by Poh Chye > 2021-02-03 12:26 | Report Abuse

After unlisted, i.e. if FELDA gets >75% but not 90%, all the excellent performance will surface, sale of assets fully written off, high revenue/margin from CPO price etc. Not to bad to remain as shareholder. If they do anything funny, we can still as shareholders investigate and bring them to court, like Isa. i.e. Unless they offer a higher price, we happy, they happy and they can do whatever they want......lol. Further, time is not on their side as CPO keeps climbing.

Posted by strattegist > 2021-02-03 13:05 | Report Abuse

staying put as shareholder of FGV...

Posted by EVO118 > 2021-02-03 13:39 | Report Abuse

Judge sentences Isa Samad to six years’ imprisonment, RM15.45m fine.
https://www.malaymail.com/news/malaysia/2021/02/03/judge-sentences-isa-samad-to-six-years-imprisonment-rm15.45m-fine/1946516.

Posted by piranha88 > 2021-02-03 13:42 | Report Abuse

Federal Land Development Authority (Felda) has acquired all the remaining 461,500 shares of FGV Holdings Bhd (excluding treasury shares) in the open market for RM1.30 per offer share.

In a statement today, Maybank Investment Bank Bhd (Maybank IB), the principal adviser to Felda on its takeover offer for FGV shares, said the shares were purchased on Tuesday.

Posted by EVO118 > 2021-02-03 14:02 | Report Abuse

piranha88
Stop making sweeping statements like that. Post the link. If you want to accept go ahead don't try and convince us all. Impossible for them to pick up 290 million shares in 3 days.

Posted by piranha88 > 2021-02-03 14:41 | Report Abuse

@Evo118

It's in Bernama news - unable to link over here. I just shared what was written. Why get so heated up? Why should I try to convince you? I am still holding. You are the one making assumptions

Posted by piranha88 > 2021-02-03 14:47 | Report Abuse

https://www.bernama.com/en/business/news.php?id=1928022

The news just came on an hour ago but the date is 3rd Jan??

Posted by EVO118 > 2021-02-03 14:56 | Report Abuse

There is no assumptions. For Felda to be taking over FGV the turnover will have to be in the 100 millions, like Iris or Top Glove a day.Stop listening to all these institutions' news, who have an ulterior motive in a hidden agenda. When I see 2 days of 100 million shares turnover then I might believe it is going to happen. Sorry if you get offended. I think they are just trying to con us all without giving a higher offer by releasing these unverified news.

Posted by BengKoon > 2021-02-03 14:57 | Report Abuse

This Maybank’s role very suspicious. They acted for Felda ( Thr big shark) but at the same time acted for retail investors. Who are they representing? How could they act for both parties at the same time with same case? Isn’t that a serious conflict of interest? Why SC don’t take action on them?

Posted by strattegist > 2021-02-03 15:29 | Report Abuse

relax

Posted by EVO118 > 2021-02-03 15:40 | Report Abuse

The way I read the current sales at 1.30 is that most of the sales are from the same institution (right hand selling to left hand) selling and buying at 1.30 to create the impression that retailers are selling. Why would anyone sell at that price and incur broking charges instead of accepting the takeover offer without cost.

Posted by 8888_ > 2021-02-03 15:41 | Report Abuse

How many trading days left? Can Felda make it?

EVO118 There is no assumptions. For Felda to be taking over FGV the turnover will have to be in the 100 millions, like Iris or Top Glove a day.Stop listening to all these institutions' news, who have an ulterior motive in a hidden agenda. When I see 2 days of 100 million shares turnover then I might believe it is going to happen. Sorry if you get offended. I think they are just trying to con us all without giving a higher offer by releasing these unverified news.
03/02/2021 2:56 PM

Posted by EVO118 > 2021-02-03 15:57 | Report Abuse

Majority of the settlers are in Pahang. I don't believe the Najib & the Pahang govt are prepared to write-off Razak"s legacy with an election coming up soon. UMNO will be the biggest loser.

Posted by Mabel > 2021-02-03 16:25 | Report Abuse

rohank71 all big institution has not accepted the offer. see bursalink. all acceptance are small

Can you share the link here?

Posted by Jeffreyteck > 2021-02-03 18:19 | Report Abuse

Another boustead abortion or exception?

Posted by strattegist > 2021-02-03 19:33 | Report Abuse

relax

Posted by Mabel > 2021-02-03 21:29 | Report Abuse

Here are the latest addition this weeks assuming that all the purchases over the last two days are coming from Felda:

03/02/2021 4,876,700
02/02/2021 3,942,400

Here are the updated from what Mabel has gathered- 3rd February 2021

Undisclosed Felda PAC Team

Lembaga Kemajuan Tanah Persekutuan
Urusharta Jamaah Sdn Bhd
Kumpulan Wang Persaraan
Pahang State Government .5m
Koperasi Permodalan FELDA Malaysia Berhad
Employees Provident Fund of Malaysia
Sabah State Government
Lembaga Tabung Angkatan Tentera (LTAT)
Permodalan Nasional Berhad

Total Holding as of 3rd February 2021 = 2,516,679,428 (68.99%)

Private Investors Team

The Vanguard Group, Inc.
Kin-Yan Tan
Hong Leong Asset Management Bhd
CIMB Group Holdings Berhad, Asset Management Arm
Dimensional Fund Advisors L.P.
BlackRock, Inc.
Ekuiti Yakinjaya Sdn Bhd
Principal Global Investors,
State Street Global Advisors, Inc.
Yayasan Islam Terengganu, Endowment arm
AMMB Holdings Bhd, Asset Management Arm
Teachers Insurance and Annuity Association of America - College Retirement Equities Fund
Standard Life Aberdeen plc
Charles Schwab Investment Management, Inc.
First Trust Advisors L.P.
Mabel and Team (Retailers) - 967,653,952 shares (26.53%)

Total Holding as of 3rd February 2021 = 1,131,320,572 (31.01%)

Meow

Posted by Mabel > 2021-02-03 22:02 | Report Abuse

@rohank71 Mabel pls see FGV announcements in Bursa website. all these have been announced and I think nobody here keen to read rhem
03/02/2021 9:00 PM

Rohan,

It would helpful for everyone if you can just cut and paste the link. It save lots of time for everyone to read. This more useful to support your comments.

Meow

Posted by Mabel > 2021-02-03 22:05 | Report Abuse

#EVO118 The way I read the current sales at 1.30 is that most of the sales are from the same institution (right hand selling to left hand) selling and buying at 1.30 to create the impression that retailers are selling. Why would anyone sell at that price and incur broking charges instead of accepting the takeover offer without cost.
03/02/2021 3:40 PM

+ 1 Mabel agree with your observation.

Spot on..

Meow

Posted by strattegist > 2021-02-04 08:24 | Report Abuse

relax

Posted by nobirdie > 2021-02-04 11:10 | Report Abuse

dear ladies & gentlemen,

What happened to my shares if i dont't sell back to them AND IF they they really go private and unlisted?

Please help give me some light.

Thanks!!!

Posted by Mabel > 2021-02-04 11:58 | Report Abuse

Please scroll bro...

The questions has already been discussed.

The best is call your remisers..

Meow

Posted by strattegist > 2021-02-04 12:51 | Report Abuse

cool

Posted by focusinvestor > 2021-02-04 16:37 | Report Abuse

My opinion:-

1) If you still hold FGV share with Felda having 68%++ holding, all decision in AGM will favor to the majority shareholder. Hence, your holding does not have enough votes to concur or object from a minority shareholder perspective. Example change of company constitution, etc that require to be tabled in AGM.

2) With less % of shareholding by non-Felda, the trading volume will keep reducing day-by-day and price will be stagnant probably around 1.30 more or less. Then later become an unproductive counter.

3) The only benefit, you maybe earn the dividend if declared.

Posted by drkelvin20 > 2021-02-04 18:37 | Report Abuse

Guys, I received again this parcel with mandatory unconditional offer, dated 2 Feb21, it seems that Felda has 69%++....

What is you guys opinion, will they revise the offer price, or wait further for more acquisition?

Any advices?

Posted by Mabel > 2021-02-04 18:44 | Report Abuse

Here are the latest addition for today assuming that this purchases is coming from Felda:

04/02/2021 3,751,400 shares

Here are the updated from what Mabel has gathered- 4th February 2021

*Undisclosed Felda PAC Team*

Lembaga Kemajuan Tanah Persekutuan
Urusharta Jamaah Sdn Bhd
Kumpulan Wang Persaraan
Pahang State Government .5m
Koperasi Permodalan FELDA Malaysia Berhad
Employees Provident Fund of Malaysia
Sabah State Government
Lembaga Tabung Angkatan Tentera (LTAT)
Permodalan Nasional Berhad

Total Holding = 2,520,430,828 (69.09%)

*Private Investors Team*

The Vanguard Group, Inc.
Kin-Yan Tan
Hong Leong Asset Management Bhd
CIMB Group Holdings Berhad, Asset Management Arm
Dimensional Fund Advisors L.P.
BlackRock, Inc.
Ekuiti Yakinjaya Sdn Bhd
Principal Global Investors,
State Street Global Advisors, Inc.
Yayasan Islam Terengganu, Endowment arm
AMMB Holdings Bhd, Asset Management Arm
Teachers Insurance and Annuity Association of America - College Retirement Equities Fund
Standard Life Aberdeen plc
Charles Schwab Investment Management, Inc.
First Trust Advisors L.P.
Mabel and Team (Retailers) - 967,653,952 shares (26.53%)

Total Holding = 1,127,569,172 (30.91%)

Meow

Posted by strattegist > 2021-02-04 19:07 |

Post removed.Why?

Posted by Mabel > 2021-02-05 08:19 | Report Abuse

FGV will be part of Mabel 12 Plantations and 12 is always a great number. Despite the U Turn from our Politician, FGV has lots of value. Please scroll what I shared earlier on FGV MOAT.

Current Holding by Felda Team = 2,520,430,828 (69.09%)
Current Holding by Private Investors Team = 1,127,569,172 (30.91%)

Meow

Posted by Mabel > 2021-02-05 08:26 | Report Abuse

Summing up on FGV

The term Economic MOAT popularized by Warren Buffett, refers to a business' ability to maintain competitive advantages over its competitors in order to protect its long-term profits and market share from competing firms.

FGV has these MOAT...

1. FGV is the 3rd largest producers of Crude Palm Oil (CPO) in the world

FGV Palm Upstream business is the largest revenue generator and forms the core of the FGV Group. We manage a total land bank of 439,725 hectares in Malaysia and Indonesia, producing approximately 3 million metric tonnes (MT) of CPO annually.In Malaysia, we have 197 estates located in Selangor, Perak, Pahang, Negeri Sembilan, Johor, Terengganu, Kelantan, Sabah and Sarawak. Meanwhile in Indonesia, our plantation activities are focused in 5 estates located in Central and West Kalimantan. Currently, FGV owns 68 mills across Malaysia, processing over 14 million MT of Fresh Fruit Bunches (FFB) annually, where two-thirds of the FFB are sourced from FELDA settlers and independent smallholders.

2. Trading all over the World

We deliver vegetable oils, processed palm oil and lauric oil to local markets and 200 export destinations such as China, Pakistan and India

3. Palm Oil Downstream

FGV flagship household brand SAJI, has a domestic market share of 34% in the cooking oil segment and has successfully penetrated the cooking oil market in Myanmar, Philippines, Laos, Cambodia, Vietnam and Afghanistan.

4. Rubber Industries

FGV Rubber Industries is one of the largest SMR producers in Malaysia with four factories in Malaysia, latex concentrate factory in Thailand and Cambodia. 60,000 hectares of Plantations. Clients include world-class and global tyre manufacturers such as Michelin, Continental, Bridgestone, Kumho, Goodyear, Giti, Toyo Rubber

5. Renewal Energy

World’s only palm plantation company with 28 biogas plants and first to develop a palm based Bio-Compressed Natural Gas (Bio-CNG) plant

6. World Class Logistics

One of the world’s largest bulking/storage business possesses and modern storage facilities for edible oil with a total capacity of more than 900,000 MT through our 12 liquid terminals located in Malaysia, Indonesia and Pakistan.

7. Integrated Farming

In FGV, Integrated Farming leverages on the palm-based circular economy that taps into the lucrative synergies presented by the Group’s extensive palm oil operations. The business components for Integrated Farming include cash crops, paddy and rice, animal nutrition and protein, livestock and dairy farming.

8. Sugar Business

MSM’s annual production capacity reaches 2.25 million metric tonnes of refined sugar for the domestic and export markets. In 2019, MSM produced 1,073,888 tonnes of refined sugar, of which about 83,341 tonnes are catered for the export market.

9. Research and Development

FGV owns one of the largest oil palm research centres in Southeast Asia, positioning itself as the leader of innovation and scientific research in the oil palm industry.

10. Hugh Land Banks

439,725 hectares of Palm Oil Land and 60,000 hectares of Rubber Land that has low book value compare to the current market rate. Hugh Lands which cut across ECRL and HSR Routes.

11. Potential right back RM 700 million from APL ventures.

12. FCPO JAN 2021 NOW REACHED RM3,877. GOING UP LIKE BALLISTIC MISSILE. Yesterday, all 11 Mabel Plantation climbs except for Jtiasa. Jtiasa Stock only fell after the news of Jtiasa Chairman passed away. Otherwise Jtiasa could have closed GREEN.

These are potential boosters to support FGV value. That's why Mabel will be holding this FGV Shares. FGV is Full of Golden Value..

Meow

Posted by foon59 > 2021-02-05 09:27 | Report Abuse

Mee too. HOLD..

Posted by k3nthiew > 2021-02-05 09:34 | Report Abuse

Wow... higher offer coming!!

Posted by k3nthiew > 2021-02-05 09:34 | Report Abuse

Min 1.42

Posted by strattegist > 2021-02-05 09:41 | Report Abuse

relax

Posted by zackboy > 2021-02-05 10:01 | Report Abuse

So someone bought the share at RM1.32. Yet Maybank and all advise us to sell the shares at RM1.30. Something rotten.

Posted by BengKoon > 2021-02-05 10:32 | Report Abuse

GameStop 2.0. Solidarity guys. Don’t bother what the double head snake (Maybank) said.

Posted by Mabel > 2021-02-05 10:38 | Report Abuse

Now people are buying at RM 1.32 and yet Felda want us to sell RM1.30. Institution Funds like TH, EPF, KWAP and PNB, there goes all your Dividend. Buying at IPO RM 4.55 and sold at RM 1.30 when CPO Price is even better than during the IPO Listing in 2012.

Now you know why Mabel and Team are HOLDING!

Meow

Posted by strattegist > 2021-02-05 10:53 | Report Abuse

cool

Posted by mikeazk > 2021-02-05 11:11 | Report Abuse

Maybe FELDA is the one buying 1.31/32 to obtain the 75% target?

Posted by poorkid > 2021-02-05 11:58 | Report Abuse

75% why is target not 90%?

Posted by poorkid > 2021-02-05 12:01 | Report Abuse

If 75% can Felda delist FGV?

Posted by jagapasar > 2021-02-05 12:23 | Report Abuse

https://www.msn.com/en-my/money/topstories/sime-darby-inks-deal-with-fgv-plantations-to-sell-new-holland-tractors/ar-BB1dpfhp?ocid=msedgntp

Posted by Laiks1970 > 2021-02-05 12:31 | Report Abuse

For sharing.

1. 33% - threshold for triggering the mandatory offer;

2. Over 50% - a mandatory offer ceases to be conditional;

3. 75% - holder can ensure special resolutions are passed;

4. Over 75% - the minimum public floating required for companies listed on the stock exchange may not be satisfied;

5. 90% - generally, confers the ability to compulsorily acquire the remaining shares in the target company;

6. 90% - trading of the shares may be suspended by the stock exchange. The shares may also be de-listed by the stock exchange.

Posted by EVO118 > 2021-02-05 12:35 | Report Abuse

They will need to get it delisted. The financing cost for Felda to get to a decent % will cost them a fortune, if they are unable to delist FGV and discharge part of the loan on this exercise. They cannot afford to sit on their holdings for too long without being able to liquidating some of these assets.

Posted by Lukey_Greek > 2021-02-05 13:07 | Report Abuse

If Felda bought any shares above 1.31, it needs to be fair & raise the offer price to match the highest price it paid in open market.

Hence, 1.31 is not bought by Felda. Whoever thinking to dispose your shares, pls dispose in the open market for higher return.

Posted by mikeazk > 2021-02-05 13:17 | Report Abuse

Who says Felda needs to be fair? Is it regulated by Bursa? The fact that Felda wants to privatise at 1.3 is not fair to most from the very beginning.

Posted by Lukey_Greek > 2021-02-05 14:45 | Report Abuse

Please refer to clause 3.10 Purchase in the Open Market

(i) if the offeror or the PACs purchase or agree to purchase any of the offer shares during the offer period at a consideration that is higher than the Offer price, the Offeror shall increase the consideration for the Offer Shares to be not less than the highest price (excluding stamp duty and commission) paid or agreed to be paid by the Offeror or any of the PACs for the Offer Shares during the offer period.

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

Posted by Lukey_Greek > 2021-02-05 14:48 | Report Abuse

Forget about Felda offer, now focus on the intrinsic value.

Value investors start accumulating the shares now...

Posted by strattegist > 2021-02-05 16:07 |

Post removed.Why?