Dear Felda, The strategist from Felda must be reading this and being frustrated must be annoyed and planning to arm twist their way through. The solution is very simple, we all want to sell, just offer a reasonable price. You can then go back to playing golf. Everybody happy
The cold shoulder that Felda received from FGV minorities is seen as an indication that the offer price of RM1.30 per share was not that attractive, especially against the back of strong crude palm oil prices. The three-month futures exceeded RM4,000 to RM4,138 on Monday.
It appears that Felda will be back to the drawing board. Will the termination of LLA materialise? If so, will FGV be compensated accordingly?
More importantly, the revamp of FGV seems to have been disrupted by the privatisation exercise, said some analysts. It would be crucial to know what Felda has in the pipeline to rejuvenate the plantation group.
Furthermore, tycoon Tan Sri Syed Mokhtar Albukhary's investment vehicle Perspective Land (M) Sdn Bhd had expressed interest in injecting assets into FGV through a share swap exercise.
However, FGV on March 8 said it was not pursuing the offer, in view of Felda's takeover bid.
Adding a new twist to the slew of events at FGV, the strong rebound of MSM Malaysia Holdings Bhd's share price has fanned speculations about a major corporate exercise brewing at the sugar refinery, in which FGV controls a 51% stake, while Felda owns a 9.43% stake.
Solidarity succeeded for game stop 2.0. Can feel you guys laughing all the way to the bank. Current FCPO RM4,283 per ton. MSM 1.84. Commodities all on the rise. What next?
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....
atlantisbear
103 posts
Posted by atlantisbear > 2021-03-16 00:03 | Report Abuse
the last 13. like the movie the last 300