#wehcant Wow, Mabel, you still holding FGV? 10/02/2021 10:49 AM
Absolutely wehcant!
Delisted or not, FGV will still be part of Mabel 12 Plantations and 12 is always a great number. Despite the U Turn from our Politician, FGV still has lots of value and it also touches the lives of many Farmers and many Investors in TH, PNB, EPF, LTAT and also Malaysian Tax Payers. It’s also part of Mabel’s mission to feed 7 Billion peoples across 200 countries together with other 11 Mabel Plantations. Beside we are also dealing with the interest of 112,638 settlers and two million Felda citizens. They paid IPO prices for FGV.
When Cycle and Carriage Berhad (CCB) wanted to take private sometime ago, Mabel was prepared to go on that track as Mabel has a collection of 5 Mercedes Benz. Some of these type of private engagement can be even better that some of public companies that Mabel is still holding. It provides constant stream of Dividends. Unfortunately CCB cannot proceed with the Privatisation Plan as the Minority shareholders voted a NO GO to that exercise.
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 lots of MOAT. Please scroll up what Mabel shared earlier.
As of 9th February 2021
Undisclosed Felda PAC Team Current Holding = 2,518,219,580 shares (69.030%) Private Investors Team Current Holding = 1,129,780,420 shares (30.970%)
All GLCs managed by bangsats. Despite having almost monopoly still they go into loss. That's mind boggling for companies without any competition. Easy money spent extravagantly and pilfered.
Now when faced difficulties, easily blame foreign elementf for conspiracy.
As expected not all yesterday's 4,523,300 shares were taken by Felda. Felda only bought 70% of the shares in he open market which is 3,163,100 at RM 1.30.
The rest of the shares was acquired by Mabel and her Team.
Bursa announcement. IMHO I believe,tthe action yesterday was just friends of Felda buying it at 1.31 and then selling it to Felda at 1.30. All done to make it look like there are still sellers taking it at 1.30. On that volume of over 3 million the extra cost of 0.01 did not cost more that $32,000 which Felda can easily afford instead of them buying at 1.31 and then having to accept all the rest of the shares in their offer at 1.31.
I am willing to give them the benefit of the following 3 that might not be counted. Kerajaan Negri Pahang....................5% Sabah Investment Govt....................2.26% EPF...................................................3.39% Plus LTAT, Amanah, etc maybe........3% That should give them Mabel's 69.74% + 13.65% = 83.39% (maybe at best if I double count)
#EVO118 I am willing to give them the benefit of the following 3 that might not be counted. Kerajaan Negri Pahang....................5% Sabah Investment Govt....................2.26% EPF...................................................3.39% Plus LTAT, Amanah, etc maybe........3% That should give them Mabel's 69.74% + 13.65% = 83.39% (maybe at best if I double count) 10/02/2021 7:05 PM
EVO Dear,
Those 3 have already been included in Mabel's calculation. These are Mabel's assumption pn Undisclosed Felda PAC Team.
33.66% Lembaga Kemajuan Tanah Persekutuan - 1,227,950,992 8.35% Urusharta Jamaah Sdn Bhd - 304,689,000 6.1% Kumpulan Wang Persaraan - 222,480,700 5% Pahang State Government - 182,407,575 4.75% Koperasi Permodalan FELDA - 173,340,508 3.38% Employees Provident Fund of Malaysia -123,427,700 1.81% Sabah State Government -65,934,066 1.25% Lembaga Tabung Angkatan Tentera (LTAT) - 45,593,900 0.55% Permodalan Nasional Berhad -20,000,000
A). Felda Sugar Daddy Total Shares - 2,365,824,441 (64.85%)
B) 10th February Undisclosed Felda PAC Team Current Holding = 2,523,456,680 (69.174%)
Hence the delta of B-A are the No of shares Felda has acquired on the open market after they announced the RM 1.30 Privatization Offers .
If you recall, the 4.75% Koperasi Permodalan FELDA Malaysia Berhad Team which handle the interest of 112,638 settlers and two million Felda citizens are still discussing whether they should take Felda Sugar Daddy Offers. Remember they paid RM 4.55 IPO prices to acquire FGV shares.
Dare not answer? I answer for her haha. Conned in MAA privatisation like Mikecyc in Bstead. Different at least is Felda keep on buying even fail on target.
One side u hope the offer is rejected n a higher offer comes?? Ever thot about all those who accepted the offer?? Ever thot of the consequences of the offer failing?? U think a better offer is in the making?? The orhers will get top up???lol... Talk sense in fgv forum..
Fgv is a gone case...mislead a few is fine but think of those who accepted the offer n will not be compensated!! Dont think about ur own stomach..then think wat happens if deal fails...??? U think they going to turn around n say yesyes give the stubborn people extra n screw the ones who were reasonable to accept the offer ..think outside the fat stomach of ur own..use ur pig brains to think...
The closing date for the offer shall not later than 15 march 2021. However, the offeror shall not revise the offer after 1st of march 2021....it is listed in the offer document posted on 12 jan. (page 15)....
Everything is this way, if you don't understand the buyer and their position then you give in to their offer. Just like some people sell out their shares for peanuts before it shoots up. But if you know you have the advantage you hold it out to wait for a better one or no deal.
Willing buyer willing seller... Not the same here@wesleywl Here its willing buyer unwilling seller n stubborn seller... Delusional cos the hope to get more wont happen.. On the pretext that......use ur brain n think i fed up explain to u fgv shareholders..
My question is... Y stay with fgv when there r opportunities out there.. Why hope when people will suffer..when u can move on to greener pastures..r u fgv shareholders sooo low n incapable of finding a share that goes up?? Look at solar stocks banks...
Up to u....we outsiders can only pity u guys..really sad...sad if u dont get extra n sad if u do get extra..means other 75 percent got screwed.. Sad but true..best like i said before..stay away from fgv...
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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....
strattegist
23,459 posts
Posted by strattegist > 2021-02-10 10:51 | Report Abuse
oooooooo... when will i see you again... yeahhhhh