Everything has a price. If Felda is indeed unhappy they are not able to privatize, make a higher offer and get it over with. Its not like that they don't have the funds. Or just buy up the balance in the open market.
1. make a new and fresh offer to the remaining shareholders. With this option a new Independent Advisor would be appointed to advise minority shareholders
2. dispose the shares in the open market until it reaches 25% public shareholdings spread.
3. close bid offer to any private party/ies for block of shares to meet the 25% public shareholdings spread.
4. apply to Bursa for exemption from the 25% public shareholdings spread.
5. continue buying from the open market until it gets 95% shareholding and apply to the court to compulsorily acquired the remaining shares to get it private and wholly owned by Felda...
Nampak tak bagaimana ramai investors kena tipu dgn MIKEYE @ tikus jamban seblm ini bila dia memberi maklumbalas yg negatif dan menakutkan kita. Bulan itu sahaja dia sentiasa hemtam sifu Calvin, mabel & strategist. Investors panik dan telah jual dgn harga bawah RM1.30. Sekarang menyesal. Saya harap mulai skg pelabur sedar mengenai game kotor tikus ini. Admin please remove mikeye from i3 forum. Thank you Sifu Calvin and all the rest of investors who believed in Sifu Calvin. Tqvvm sifu Calvin.
I must give credit to Mabel n Strattegist for consistently reinforcing No Sell call for all. At times, I was uncertain and pondered on giving up. Kudos. For those who gave very poor advise, please remain in cold storage for the good of all.
Is it possible that Felda is currently buying shares in open market (with higher price) and once they achieved the 90%/95% threshold, Felda can trigger a compulsory share acquisition from the remaining (with their MO 1.30)?
@strattegist.. thank you for your info. Now i can relax and cool. Hopefully @Mabel can update the shareholdings on daily basis, easier for us to monitor the share movement ...
@winterwolf... if that is the case... then they would make a new and fresh offer immediately since the previous offer was lapsed and became null and void...
With USD1,400 (RM5,600 per month) stimulus payment, easy helicopter money in US, food and commodities prices looking to rise further with inflation. We are surfing the wave. Moral of the story is this , if we can stand in solidarity on the direction we are moving we can change our destiny and the world.
I understand that as a public listed company, Felda now has to address the 25% public spread which had shrunk during the acquisition spree. So won't be surprise Felda would be selling some of their lots today and made money..but if privitization is still in the carda, they may come back with a new proposal.
If today Felda sold when is soonest must they announce?
Sunshine I understand that as a public listed company, Felda now has to address the 25% public spread which had shrunk during the acquisition spree. So won't be surprise Felda would be selling some of their lots today and made money..but if privitization is still in the carda, they may come back with a new proposal. 16/03/2021 4:39 PM
#Poh Chye I must give credit to Mabel n Strattegist for consistently reinforcing No Sell call for all. At times, I was uncertain and pondered on giving up. Kudos.
For those who gave very poor advise, please remain in cold storage for the good of all. 16/03/2021 3:36 PM
#Portfolio7 @strattegist.. thank you for your info. Now i can relax and cool. Hopefully @Mabel can update the shareholdings on daily basis, easier for us to monitor the share movement ... 16/03/2021 4:18 PM
Our pleasure Portfolo7
YOU too. It's all about Teamwork, the rest is Technology...
Unfortunately, many of our friends panicked and took their bait by selling their shares below RM1.30. One of them came forward and announced he sold 2,000,000 of his shares.
As reported today, Felda said today it has obtained 987.3 million FGV shares or 27.1% via acceptances, while an additional 125.6 million shares or 3.4% were bought on the open market.
Those that stay firm, well done !!! we were all rewarded today.
Always remember, the big money is not in the buying and selling but in the waiting...
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....
SharehlderOppression
292 posts
Posted by SharehlderOppression > 2021-03-16 14:37 | Report Abuse
Everything has a price. If Felda is indeed unhappy they are not able to privatize, make a higher offer and get it over with. Its not like that they don't have the funds. Or just buy up the balance in the open market.