Looks like Private Investors has been buying too. Here is the latest addition for today assuming that this purchases are coming from Felda for the worst-case scenario. Let’s update the actual purchase as we progress.
05/02/2021 16,838,600 shares
Undisclosed Felda PAC Team Current Holding = 2,507,053,680 shares (68.724%)
Private Investors Team Current Holding by Private Investors Team = 1,140,946,320 shares (31.276%)
of which, Various Private Institution Funds (Local and Foreign) 143,076,620 shares (3.922%) Mabel and Team (Retailers) - 997,869,700 shares (27.354%)
Outstanding Trading left is 6 days to 16th February 2021 to secure 75%.
Here are the milestone for Felda to take it private.
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.
Thanks to the great sharing by the Team, things are looking great. Please keep it coming guys.
It's in one of my Subscribed applications. Unfortunately you need to subscribe to extract that data.
Anyway, the complete list I have already shared earlier. Please scroll up. Based on this list, I have been updating using my spreadsheet with the daily trade volume plus some assumptions which I also shared..
I have now updated the above shareholdings with the latest information taken from the link that 8888 shared earlier. This one below.
In the right sector..but the political baggage left by previous adminstration still stinks until today..if want exposure to plantation..might as well go for those well run players like IOI, TSH, KL Kepong...so many choices available..why want to pick this damaged lot
Please read this announcement, public spread now less than 25%. As per this announcement, if the Public spread further reduced to 10% and below, Bursa will suspend the trading of FGV share.
Unfortunately, original announcements was not even attached on the klsescreener link. It's totally way out from the input coming from 8888 and my tracking. Beside, it does not make sense that Felda already rocket more than 75% based on the trading volume this week which is not that spectacular.
Hence, Mabel will use these latest available announcements coming from 8888 below:
05/02/2021 1.31 1.30 - 1.32 1.30 -0.01 (0.76%) 16,838,600 (Assuming all these purchases are coming from Felda which I doubt)
Unless we see more clearer evidence than the above two reference, the current shareholders standing as of 6th February 2021 are as follows:
Felda PAC Team - 2,507,053,680 (68.724%) Private Investors Team - 1,140,946,320 (31.276%)
As it is, it's looking great. Please remember as we draw closer to the 16th dateline, we can expect many more jitters coming from the net and FGV non supporters . Hence just stick to the official Bursa Announcement and i3 trading volume trackers. 6 trading days to go guys and gals...
Whatever the argument is, the fact is, any company managed by BANGSATS will end up being a bangsat company too because of the bangsats leading the government.
does not match with yesterday's trading volume of 16,838,600 shares. By right if you add these shares with Item 1 it should arrive to 68.724% and not 76.07%
Hence it does not add up pretty well..
Let's continue to listen more and share if anyone hear anything more.
I think felda just having around 69 percent of fgv shares... Public shareholding spread at 23.93%, may not mean felda is holding 76.07...need to check the definition of public investor..... Maybe there are some non-public investors still holding the shares and yet to sell to felda...
#Play4fun I think felda just having around 69 percent of fgv shares... Public shareholding spread at 23.93%, may not mean felda is holding 76.07...need to check the definition of public investor..... Maybe there are some non-public investors still holding the shares and yet to sell to felda... 07/02/2021 12:57 AM
#rohank71 play4fun. u r correct. pahang Govt holds 5% and is not public. so 23.93 5=28.93. so Felda has only 71.07% 07/02/2021 2:20 AM
Team,
Pahang Government is already included in the Undisclosed PAC Team. (68.724%)
5% Pahang State Government has 182,407,575 MYR233.5m
33.66% Lembaga Kemajuan Tanah Persekutuan 1,227,950,992 MYR1.6b 8.35% Urusharta Jamaah Sdn Bhd 304,689,000 MYR390.0m 6.1% Kumpulan Wang Persaraan 222,480,700 MYR284.8m 5% Pahang State Government 182,407,575 MYR233.5m 4.75% Koperasi Permodalan FELDA Malaysia Berhad 173,340,508 MYR221.9m 3.38% Employees Provident Fund of Malaysia 123,427,700 MYR158.0m 1.81% Sabah State Government 65,934,066 MYR84.4m 1.25% Lembaga Tabung Angkatan Tentera (LTAT) 45,593,900 MYR58.4m 0.55% Permodalan Nasional Berhad 20,000,000 MYR25.6m
*Private Investors Team* (31.276%)
1.67% The Vanguard Group, Inc. 61,089,307 MYR78.2m 1.01% Kin-Yan Tan 36,884,500 MYR47.2m 0.88% Hong Leong Asset Management Bhd 32,115,000 MYR41.1m 0.81% CIMB Group Holdings Berhad, Asset Management Arm 29,381,600 MYR37.6m 0.78% Dimensional Fund Advisors L.P. 28,540,500 MYR36.5m 0.72% BlackRock, Inc. 26,221,900 MYR33.6m 12.55% 0.57% Ekuiti Yakinjaya Sdn Bhd 20,869,113 MYR26.7m 0.56%Principal Global Investors, LLC 20,516,300 MYR26.3m 0.51% State Street Global Advisors, Inc. 18,486,600 MYR23.7m 0.45% Yayasan Islam Terengganu, Endowment arm 16,455,100 MYR21.1m 0.4% AMMB Holdings Bhd, Asset Management Arm 14,746,000 MYR18.9m 0.32% Teachers Insurance and Annuity Association of America - College Retirement Equities Fund 11,751,200 MYR15.0m 0.081% Standard Life Aberdeen plc 2,968,000 MYR3.8m 0.072% Charles Schwab Investment Management, Inc. 2,637,900 MYR3.4m 0.064% First Trust Advisors L.P. 2,319,300 MYR3.0m 0% no data 23.6% Mabel and Team (Retailers) 860,928,000 23.600% 2.926% Mabel and Team (Retailers) - After GO Announcement (30/1/21) 106,725,952 0.828% Mabel and Team (Retailers) - From 1st -4th February 30,215,748 (Mabel and Team (Retailers)- (7/2/21) has 997,869,700 shares (27.354%)
Hi, I received a parcel with a document on "Form of Acceptance and Transfer for the Offer Shares". Do I need to complete the form and return to the Company Secretary? I bought FGV shares back in Apr'20, not intended to sell off my shares, any impact if I didn't complete the form?
@Kah Soon You fill in the form only if you want to accept the offer. Just follow the instructions given.
If you don't want to accept, then do nothing unless if Felda further announce it manege to obtain more than 90% of FGV shares. Then you will be given sometime to act accordingly.
Story over.now in feb 2021..lol...wat a waste of time energy n massive opportunity cost..sad but true... Really pity u guys...really pity..but in the end i can say i did tell u...I TOLD YOU...
If u guys r angry tell those clowns here who instigated u to buy with false hope...not those who told u the truth n reality..u got to channel ur energy in the right direction...
Good try Mr. Mabel but next time don't apply your stock fundamentals to government-tied companies like this ya. This is bursa, we buy these kind of stock, we private retailers are at the mercy of the big guys, no chance to force anything, pray they don't cut you only.
Anyway I'm already on board in the PPB Plantation.
Potential White Knight Scenario cannot be ignore should Felda managed to secure 90% of FGV Shareholdings. I'm looking at Tan Sri Syed and/or Robert Kwok ..Only IF...since we have 5 trading days more to go..
Let’s hope Government does not keep pumping tax payers’ money into Felda to help them to buy more shares. They should have use the earlier Financial Sukuk Package from Government and Glove Fantastic Four Donation to pay their RM 10.2 Billion Debts instead of playing with the Stock Markets.
The way the turnover is turning out Felda is never going to make it. They will need to up the price to get what they want. How much is a good question.
dun forget FELDA is itself maybe insolvent with huge debts
dun forget the PIG growth in China means a lot of soya beans gonna be imported into China hence Palm oil sales to China might drop to a all time low since the creation of palm oil => palm oil price will drop like stone.
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....
8888_
2,923 posts
Posted by 8888_ > 2021-02-05 17:42 | Report Abuse
68.262% acquired by Felda until 4/2/21. Left 7.5 days(plus today) to 16/2 can get even 75%?
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3127113