Remember officially, Felda has not bought any above 1.30. Someone else has bought above 1.30. They in turn might accept the GO at 1.30 at a lost and hand over the shares for the benefit of Felda. Just be aware that any shares sold on the market at above 1.30 might ultimately end up with Felda. Don't just count the turnover at 1.30 and below. With D-day coming, assume all turnover in the next couple of days to ultimately end up in Felda's hand whether it is at 1.30 or above 1.30. It would be a lot cheaper for Felda to pay some brokers to pick up all that is available and then accept the GO, than to revised the GO upwards.
Media Prima not included bec already above SM cost price?
Gtrade which company controlled by Said mokhtar ever turn out good? he control Pos msia, ,people logistic business doing so welldue to covid19 dmand, this pariah PosM lost more money
MMC, DRB highcom, all crony business spoon feed . Take away spoom feed cronism and see MSM ?ever pay dividend? 09/03/2021 9:12 AM
@Mabel your figure is incorrect. I received a letter from Maybank pursuant to this offer. As of 25 Feb Felda already owns 2,787,430,489 shares = 76.41%.
Can't see how restructuring the company's debt using SUKUK with Govt backed guaranteed, to reduce the loan used in this exercise as well as pay off settlers is going to help. They should be taking SUKUK loan to further increase the efficiency of their operation and increase future profits like replanting NOT pay off debts. Really got no business sense. Well, govt backing not their problem, just take and spend. I thought Tok Pa was a lot more astute financially than the rest of the ministers.
The value of FGV's shareholding in MSM has increased in value a lot... As such, the GO offer by Felda is too far off from fair and reasonable by any standards..
FGV declared 3sen dividend, but the ex-date is 2 day after final take over lapse. FGV unlikely to success delist FGV as it stake is still far far below threshold 90% stake.
Thus, those opt to retain their holding can continue keep fgv after final offer lapse and entitle 3 sen dividend and more upside potential.
Felda cannot buy anything above 1.30, if it did, all the accepted earlier offer price at 1.30 have to raise up.
Thetefore, felda cannot buy anymore fgv share at 1.30 as almost all today transaction price is done at 1.31-1.32.
Those buy above 1.30 is to ensure felda cannot delist fgv share by prevent felda to accumulate stake to above 90%.
Just few day more, felda will officially annouce take over failed. Shareholder will continue hold fgv share and entitle 3 sen dividend and enjoy much higher updide as CPO price now is above RM 4000, fgv is largest palm oil planter and sugar, both business will continue shine, fgv willreap much higher profit. As free open market supply share is limited now, share price will easily uptrend.
Post a Comment
People who like this
New Topic
You should check in on some of those fields below.
Title
Category
Comment
Confirmation
Click Confirm to delete this Forum Thread and all the associated comments.
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....
stockraider
31,556 posts
Posted by stockraider > 2021-03-05 08:15 | Report Abuse
High chance will revise GO loh!
Posted by Mabel > Mar 5, 2021 8:13 AM | Report Abuse
7 days to go...
Meow Meow Meow