Posted by zackboy > 2021-02-27 13:02 | Report Abuse

How can they declare dividend of 3 sen for 2020, yet they say they want to delist? I did not find anything about delisting from the news https://www.nst.com.my/business/2021/02/669254/fgv-black-rm150mil-net-profit-2020

Posted by Mabel > 2021-02-27 13:59 | Report Abuse

That's why I said all these could be Felda wayang to get more control...

Now after they secure more control with 76%,what would be their motivation to take it private?

Everything now is under Felda control since they have the majority...

Meow

Posted by Mabel > 2021-02-28 11:41 | Report Abuse

#zackboy How can they declare dividend of 3 sen for 2020, yet they say they want to delist? I did not find anything about delisting from the news https://www.nst.com.my/business/2021/02/669254/fgv-black-rm150mil-net-...
27/02/2021 1:02 PM

Nothing here too in this article and also in Bursa Announcements

Substantial Shareholder's Shareholding - FELDA on 26-Feb-2021

The Federal Land Development Authority (Felda) has raised its equity interest in FGV Holdings Bhd to 2.78bn shares or a 76.32% stake, via its takeover offer. Felda and persons acting in concert with it (PACs) have received valid acceptances for another 821.11m shares or 22.51% stake in FGV as of yesterday, according to a statement issued on behalf of Felda. (Edge Markets)

https://www.theedgemarkets.com/article/after-taking-control-7632-fgv-felda-extends-offer-period-last-time

Meow

Posted by strattegist > 2021-02-28 13:20 |

Post removed.Why?

Posted by Albukhary > 2021-02-28 13:26 | Report Abuse

FGV hold MSM.

MSM share price increase so much, so it will resulted in unrealised gain for FGV next QR?

Posted by 5354_ > 2021-02-28 19:32 | Report Abuse

Parliament reconvene on Mar'8 will discuss FGV privatisation?

Posted by 5354_ > 2021-02-28 19:36 | Report Abuse

76.32% Felda acquired so far so still short of 13.68% to delist FGV?

Posted by 5354_ > 2021-02-28 19:42 | Report Abuse

If reject GO can get dividend?

Posted by EVO118 > 2021-02-28 20:19 | Report Abuse

Don't forget they now have the majority voting right in any EGM calling for resolutions to get passed except winding up,

Posted by 5354_ > 2021-02-28 22:36 | Report Abuse

If FGV delisting unsuccessful can Parliament approve extra budget?

Posted by 5354_ > 2021-02-28 22:39 | Report Abuse

Until Final extension 1.3 offer remain unchanged because if increase price must ask more $ from government?

Posted by EVO118 > 2021-03-01 04:46 | Report Abuse

Anything is BOLEH with this backdoor govt. Just like Felda they have the majority and if they want to approved additional fumds for FGV, they will just put it through.

Posted by Mabel > 2021-03-01 08:45 | Report Abuse

Two trading days to go...

KUALA LUMPUR, Feb 16 ― Maybank Investment Bank Bhd (Maybank IB) has further extended the closing time and date for the acceptance of offer from the Federal Land Development Authority (Felda) for the acquisition of FGV Holdings Bhd to 5pm on March 2, 2021 from 5pm on February 16.

“We also wish to notify the holders that the board had on Feb 5 announced that the public shareholding spread of FGV is at 23.93 per cent of the total issued FGV shares (excluding treasury shares) based on the record of depositors of FGV as at Feb 4,” said Maybank IB in a filing with Bursa Malaysia on behalf of Felda.

Accordingly, FGV does not comply with the minimum public shareholding spread requirement of 25 per cent pursuant to Paragraph 8.02(1) of the listing requirements, it said, adding that as set out in Section 4.1 of the offer document, the offerer has stated that it does not intend to maintain the listing status of FGV.

Maybank IB said in the event the offerer receives valid acceptances resulting in the offerer and its associates holding in aggregate 90 per cent or more of FGV shares (excluding treasury shares), an immediate announcement will be made by FGV.

Upon such announcement, Bursa will suspend the trading in FGV shares immediately upon expiry of five market days from the closing date, it added.

“Thereafter, the offerer will submit a request to FGV to take the necessary procedures to withdraw its listing status from the Official List in accordance with Chapter 16 of the Listing Requirements,” said Maybank IB. ― Bernama

https://www.malaymail.com/news/money/2021/02/16/maybank-ib-extends-closing-date-for-acceptance-of-fgv-acquisition-to-march/1950171

Posted by strattegist > 2021-03-01 09:06 |

Post removed.Why?

Posted by ctw101 > 2021-03-01 09:07 | Report Abuse

will they or possible for them reach 90% within this week?

Posted by EVO118 > 2021-03-01 09:08 | Report Abuse

Mabel, Are you in a time warp. GO extended to the 15th March. Not 2 days to go!

Posted by 8888_ > 2021-03-01 09:38 | Report Abuse

70+% already 2 weeks or more how to reach even 80%?

ctw101 will they or possible for them reach 90% within this week?
01/03/2021 9:07 AM

Posted by 8888_ > 2021-03-01 09:39 | Report Abuse

MSM >1.1 cantik.

Posted by strattegist > 2021-03-01 09:44 | Report Abuse

cool

Posted by EVO118 > 2021-03-01 09:46 | Report Abuse

It is possible. Friends of Felda can buy of the market for over 1.30 and then accept the GO at 1.30 loosing a couple of cents which could be reimburse by Felda once they manage to delist FGV. Anything is possible !

Posted by EVO118 > 2021-03-01 09:58 | Report Abuse

Easily a couple of $m worth of commission and both parties are happy. WIN WIN ALL ROUND. Even get to collect the dividends,

Posted by EVO118 > 2021-03-01 10:15 | Report Abuse

Cant make any sense out of the current computer trading of 800 units at 1.33 every couple of minutes.

Posted by zackboy > 2021-03-01 12:07 | Report Abuse

I am curious about the dividend. Ex date is March 18. But the offer ends March 16. What is everyone take on this?

Posted by strattegist > 2021-03-01 12:28 | Report Abuse

@zackboy... 2 separate entities...

- dividend being declared by FGV
- GO by Felda

so... if you decided to reject the GO by Felda and you
still hold the shares then you are entitled to the dividend...

Posted by strattegist > 2021-03-01 12:29 |

Post removed.Why?

Posted by EVO118 > 2021-03-01 14:23 | Report Abuse

Who is playing games here? Who and where are those millions of sell and buy from that all of a sudden appear in this afternoon session

Posted by EVO118 > 2021-03-01 14:36 | Report Abuse

That was for real. Over 3m sold at 1.34.

Posted by ratz > 2021-03-01 17:17 | Report Abuse

Fair value should be RM1.40 cum dividend. RHB Investment must revisit Independent Advise on current offer price of RM1.30 after FGV stronger results since GO still open.

Posted by strattegist > 2021-03-01 17:28 |

Post removed.Why?

Posted by strattegist > 2021-03-02 10:20 | Report Abuse

relax

Posted by Lukey_Greek > 2021-03-02 16:22 | Report Abuse

Yesterday was the last day for Felda to increase the offer price.
Investors who hold the shares & hope for revised GO price, sold it the market today.

Posted by strattegist > 2021-03-02 20:28 |

Post removed.Why?

Posted by jagapasar > 2021-03-02 22:01 | Report Abuse

https://www.theedgemarkets.com/article/msms-share-price-climb-puts-feldas-offer-price-fgv-spotlight

Posted by Lukey_Greek > 2021-03-02 22:51 | Report Abuse

If FGV will follow suit after 15th Mar? Since now the tickets in public spreading is much much lesser.

Posted by 5354_ > 2021-03-03 06:19 | Report Abuse

MSM double since Dec'20 ( FGV takeover starting date) why RM 1.3 GO price remain?

Posted by strattegist > 2021-03-03 07:12 | Report Abuse

relax

Posted by ctw101 > 2021-03-03 08:25 | Report Abuse

What is latest % Felda holding now yea?

Posted by zackboy > 2021-03-03 08:48 | Report Abuse

MSM’s share price climb puts Felda’s offer price for FGV in spotlight

MSM’s share price has exceeded a few analysts’ target prices at below RM1.30. The highest target price is at RM1.96 pegged by MIDF Amanah Investment Bank. The average target price of four analysts is RM1.41.

Interestingly, MSM’s share price is trading at a price higher than its parent company FGV Holdings Bhd, whose share price is currently trading at RM1.31.

The strong rebound on MSM has also cast the spotlight on the valuation of FGV shares considering that the plantation giant is in the midst of being taken private by its controlling shareholder Federal Land Development Authority (Felda).

With MSM’s share price having more than doubled recently, this means that FGV’s 51% controlling stake in the sugar company is now worth a lot more compared with when Felda launched its takeover offer in early December last year.

A back-of-the-envelope calculation shows that FGV’s 51% stake in MSM is currently worth RM480.4 million at the closing price at noon break today, translating into 16.9 sen per share compared with barely 3.7 sen as at end-2020.

To recap, Felda made a mandatory takeover offer to FGV on Dec 8 last year, offering to acquire all remaining shares in the plantation group (excluding treasury shares) at RM1.30 per share

Posted by strattegist > 2021-03-03 08:55 | Report Abuse

yeapppp... FGV share price should be revalued up accordingly..

Posted by EVO118 > 2021-03-03 09:05 | Report Abuse

Felda is going to collect all dividends of GO acceptors as a bonus as well as get a free ride to MSM & FGV future positive quarters. Why not they are going to get pass the 75% to enable them to control and pass all resolutions at any meeting.

Posted by EVO118 > 2021-03-03 10:29 | Report Abuse

Felda needs at least another 550M additional share acceptances from the GO to get past the 90%.

Posted by Mabel > 2021-03-03 12:14 | Report Abuse

#EVO118 Felda needs at least another 550M additional share acceptances from the GO to get past the 90%.
03/03/2021 10:29 AM

Agreed. They should revised the price..

9 days to go...

Posted by strattegist > 2021-03-03 12:39 |

Post removed.Why?

Posted by Letsfly > 2021-03-03 17:33 | Report Abuse

Felda will take dividend and then use the dividend to revise the remaining offer price?

Posted by strattegist > 2021-03-03 22:18 | Report Abuse

relax

Posted by strattegist > 2021-03-04 07:59 | Report Abuse

sawitdikappppppp..

Posted by strattegist > 2021-03-04 10:47 | Report Abuse

steady

Posted by strattegist > 2021-03-04 13:32 | Report Abuse

cool

Posted by strattegist > 2021-03-04 17:16 | Report Abuse

closed green... 1.32

Posted by Mabel > 2021-03-05 08:13 | Report Abuse

7 days to go...

Meow Meow Meow