my conspiracy theory is like this. fgv's debt was so high and involving so many whale. thats why felda have to have 90% to coverup situation. the former ceo resign because he dont want to get involved. nice story yes?
Felda is "firm in its plan" to take over and privatise the plantation company, and is expected to make a fresh offer six months or more after the previous bid, the Edge Weekly reported, citing economy minister Mustapa Mohamed.
More than 6 months to make a fresh bids..give ample of time for current holders to sell to Felda back at IPO prices...
Number of shares 3.66 billion not 366 million.Dear 100 million profit if any deal means nothing.Its need big numbers to push FGV above rm 2.Ex CPO above USD 4k ;above rm 3 need CPO USD 6000 range.Tht y I say need big numbers.
Not USD but rm denominated(numbers).Error regretted. Michael Kwok 3370 posts Posted by Michael Kwok > Apr 11, 2021 1:02 AM | Report Abuse X
Number of shares 3.66 billion not 366 million.Dear 100 million profit if any deal means nothing.Its need big numbers to push FGV above rm 2.Ex CPO above USD 4k ;above rm 3 need CPO USD 6000 range.Tht y I say need big numbers.
Calvin if this counter listed in US I'm sure it market should be hundred of billion in ringgit.Im sure u will be hundred millionaires.Will come with helicopters and sport car. But this is Malaysia.Low valuation for many good company.Bad management.Inefficiency in production,higher cost compare to its peer.
FGV's independent directors in January urged investors to reject the Felda takeover bid, saying the offer price of 1.30 ringgit (42 Singapore cents) a share was unfair. That is 8 per cent below Friday's close of 1.41 ringgit.
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....
krish52
257 posts
Posted by krish52 > 2021-04-09 00:53 | Report Abuse
hope this company will be managed by some hard working brainy people with some social responsibility attached with. may god bless the shareholders.