INVESTORS with a keen eye would have noticed a divergence between the share price trends of diversified conglomerate Mabel Plantation PPB Group Bhd and its Singapore-listed associate Wilmar International Ltd. PPB has an 18.5% stake in Wilmar.
If Felda is now selling, it will continue to reduce it's holding..
Felda shareholding as per 16th March 2021
Total no of securities after change Direct (units) 2,394,128,591 Direct (%) 65.63 Indirect (units) 452,921,192 Indirect (%) 12.42 Total (units) 2,847,049,783 Total (%) 78.05 Date of Notice 16-Mar-2021
KUALA LUMPUR (Feb 23): Bursa Malaysia Bhd said today the exchange operator and regulator will consider listed companies' applications for lower public shareholding spreads at between 15% and 20% following a review of the bourse's Main Market and ACE Market listing requirements to reflect, among others, policy considerations for the acceptance of lower public spreads in these companies.
It is not worth for Felda to increase stake anymore. On the bright side it secured vast majority at 1.30 so it is in the money. It can change the board to suit ttself. As vast majority the income will have direct impact on Felda books which is very favorable during this time where cpo price is peaking vs getting a fixed sum annually previously for a leasing fee. The question is if it still important to delist to terminate the lead, maybe not anymore..
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....
Squirtle
805 posts
Posted by Squirtle > 2021-03-17 09:06 | Report Abuse
Msm is vroom vroom liao
Muahaha