Well, that last lot of reported acquisition of 767,800 shares can only be between 0.50 - 0.51 (that is the high & low for 9/11/21) It is silly selling now, there is only one seriously buyer - FELDA. I presume today's low turnover @ a lower price most likely gone to FELDA. We will know in the next couple of days.
the way i c, How will FGV fare ?, 3 options now 1. Felda privatizes it 2. Felda reduces its stake to meet the minimum spread requirement 3. Felda stays still, let FGV takes steps to meet its minimum spread requirement
Option 1, most likely. IF OPTION 2 happens, - Felda would have misled minorities in its previous take over notice that came with a salient intention of DOES NOT INTENT TO MAINTAIN THE LISTING STATUS OF FGV - In view of its subsequent top up in FGV shares at prices > 1.30, Felda should compensate all acceptee of the said take over offer IF OPTION 3 sets in, - FGV can be accused of collaborating with the Offeror (FELDA) to deceive minorities at time of take over notice.
I wonder, under option 2 or 3, will bursa securities close their eyes ?
What say u.
Remark: An on-going interesting and similar case awaiting the final outcome at LTKM BHD.
taitaumau Option 1 - This is the only clean & easy way to go. It will happen within 2 mths. They will have to make another offer, no choice. Option 2 - This is impossble. Just for reducing another 5% stake is alot of shares & investors are fully aware of what is going on. Even iif there is a HUGH drop in price, the buyers might just hold back. Option 3 - This is only possible if it is a force sell, like if it is a margin call. You don't have a choice. Can't see this happening, same effect as option 2.
Another option is for FELDA to organize for someone to agree to take a 5% stake crossing in one hit.
MIDF Research has maintained its 'Buy' call on FGV Holdings with an unchanged target price of RM2.36.
"Going ahead, we anticipate favourable crude palm oil prices, coupled with modest fresh fruit bunch production, to generate better financial performance for the company.
"On top of that, the anticipated higher average selling price of refined sugar and increase in sales volume should be able to help MSM Malaysia Holdings Bhd achieve higher profit margin in the coming quarter," MIDF Research said.
CPO price and sugar prices have NO effect on the share price. There is not enough free shares available in the market. It can be easily manipulated by FELDA.
Felda has the ability to sell big volumes from 1.30 - 1.50+ and buy back again without causing any damage in their books. VERY EASY for them to manipulate. They hold hugh volumes on 1.30 from the takeover offer.
I am sure given the same conditions that FELDA has ( volume of shares on 1.30 ) to anyone of us on I3, I am sure we can manipulate the market and make a decent profit out of it, as well as maintaining the same volume in the books at the end of the day.
Better hope for BN in Melaka. Melaka is the gateway to where most of FGV settlement is. PN or even Harapan will not be doing any thing for FGV. Better still BN in GE15. PAS, PRN, PKR/HARAPAN has lost the plot. Slowly but surely things are coming back together. How long ago was the 1MDB whale story, has anybody been locked up. We are very quick to lock up small petty offenders but not the big WHALE.
What we need is a total spill of the BOD. Filled it with independent candidates who are not the silent arm of FELDA, except those required based on FELDA's right as a majority shareholder.. This will give us a chance to hear the offer of SM's proposed joint venture. As it is at the moment the BOD did not even want to consider or even entertain this proposal. THis is closed to being classifed as criminal by association.
Where is MACC, maybe they can look into it. Oh, I forgot they do make alot of noise and arrest but nobody has been sent to jail. In fact , it's chief has recently just been conferred a Tan Sri. Is that a joke. I thought in this modern times, you get rewarded based on your performance. Maybe the performance is to ensure non of this VVIP end up in jail.
The biggest IPO in Malaysia at that time, as well as in Asia. It is nowhere close to a fraction of what it was. With 1MDB and this Malaysia has become the biggest laughing stock.
KUALA LUMPUR (Nov 18): Sime Darby Plantation Bhd said on Thursday (Nov 18) its third-quarter net profit from continuing operations more than tripled to RM635 million from RM190 million a year earlier, driven by the stronger performance of its upstream segment,
CPO prices, Sugar prices and what ever optimistic outlook in the world is not going to twitch a cent on FGV. It will go down or up to whatever FELDA wants. There is nothing anyone do can stop them if they want it down. Only thing you can be sure of, is it is not going below 1.30 in the next 2 months.
Good results in Melaka. A wake up call. Just need the same momentum into GE15 for the national results. Not pro BN, Harapan, or any coalition. Just need a govt to be more focus on their jobs than their own individual welfare. Only a BN will be looking after FGV settlers.
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....
strattegist
23,459 posts
Posted by strattegist > 2021-11-15 09:52 | Report Abuse
steady