Posted by EVO118 > 2022-01-24 14:02 | Report Abuse

79.85% on the 14/1, now 79..87% on 20/1. So where is Bursa? Stop this market manipulation.

Posted by strattegist > 2022-01-24 17:23 | Report Abuse

flat 1.52

Posted by strattegist > 2022-01-25 18:06 | Report Abuse

red 1.49

Posted by EVO118 > 2022-01-26 09:52 | Report Abuse

Your average investor is not going to get rich with that up and down 0,03 movement. Is MACC going to investigate Bursa? Is somebody on the TAKE here for giving Felda a year's extension that is not producing the required results? If anything the % are even worst than after the initial takeover %.

Posted by strattegist > 2022-01-26 17:27 | Report Abuse

green 1.50

Posted by DickyMe > 2022-01-27 12:23 | Report Abuse

All systems corrupted and lazy to core.
How can you expect integrity.

Posted by EVO118 > 2022-01-27 13:35 | Report Abuse

Of course it is corrupt when you got a corrupt commissioner running MACC. The account is yours and you are operating it which means that you already in breach of public service rules. If it is not your shares then it is illegal to operate it under a proxy. Wonder how much he paid for his Tan Sri!
Tan Sri my foot. Doesn't deserve to be known as a Tan Sri.

Posted by EVO118 > 2022-01-27 13:49 | Report Abuse

MACC is nice powerful name but can only blow air. Since the last election I am still waiting for at least one thief to be put into jail. I don't mind waiting for the big sharks but at least put some of these FGV crooks into jail.

Posted by strattegist > 2022-01-27 17:12 | Report Abuse

flat 1.50

Posted by Mabel > 2022-01-27 21:08 | Report Abuse

Palm Oil Futures - (FCPOc1)

5,506.00 +52.00 (+0.95%)

Nice and lovely...

Meow

Posted by zackboy > 2022-01-28 08:22 | Report Abuse

https://www.theedgemarkets.com/article/palm-oil-soars-rm5500-indonesia-sets-export-rule

Palm oil soars to RM5,500 as Indonesia sets export rule

JAKARTA (Jan 27): Palm oil rallied to RM5,500 a ton, a fresh record high, as top grower Indonesia imposed a rule that exporters must set aside some supply for the domestic market in a bid to cool prices.

Exporters must allocate 20% of their shipments for local supply, Indonesia's trade minister Muhammad Lutfi said. The rule takes effect on Thursday. The government will set prices of local crude palm oil sales at 9,300 rupiah (US$0.65) a kilogramme and olein at 10,300 rupiah.

The move comes after palm oil repeatedly notched fresh records, driven by a severe labour crunch in Malaysia and tight global vegetable oil supplies. The latest rally was also fuelled by a surge in rival fuels such as soybean and crude oil, as well as the Russia-Ukraine conflict that has the potential to disrupt supplies of sunflower oil and bolster demand for palm.

Posted by EVO118 > 2022-01-28 09:48 | Report Abuse

OK, only half day trading on monday. 2nd extension to Felda ends on 3/2/2022 to correct the spread of free shares. Are we going to get a news release from FGV or Bursa?

Posted by Benhobenhobenho > 2022-01-28 11:51 | Report Abuse

Will felda be given another extension

Posted by strattegist > 2022-01-28 11:57 | Report Abuse

wait and see

Posted by Benhobenhobenho > 2022-01-28 12:07 | Report Abuse

It's not a problem for bursa to give felda another extension.

Posted by EVO118 > 2022-01-28 12:38 | Report Abuse

6 mths + 6 mths, not enough? You want to give them another extension without them even trying? They are making the liquidity worst after 1 year!

Posted by Benhobenhobenho > 2022-01-28 14:56 | Report Abuse

There's always the possibility bursa will allow another extension, seeing how things play out so far

Posted by EVO118 > 2022-01-28 15:14 | Report Abuse

You look after me, I look after you. Malaysia BOLEH!

Posted by EVO118 > 2022-01-28 15:34 | Report Abuse

If a takeover is still in FELDA's strategy then the WAP for last couple of weeks is around 1.50.

Posted by Benhobenhobenho > 2022-01-28 17:24 | Report Abuse

Felda being a govt entity always enjoyed a certain amount of previledge which others don't have.

Posted by strattegist > 2022-01-28 19:09 | Report Abuse

closed green 1.52

Posted by masterus > 2022-01-30 15:02 | Report Abuse

https://focusmalaysia.my/palm-oil-msia-to-ink-deal-with-saudi-based-savola-group/

Posted by strattegist > 2022-01-31 11:28 | Report Abuse

dung dung che... dung dung che

Posted by strattegist > 2022-01-31 13:44 | Report Abuse

WISHING EVERYONE A VERY HAPPY HEALTHY WEALTHY AND PROSPEROUS CHINESE NEW YEAR...

Posted by strattegist > 2022-01-31 13:44 | Report Abuse

Gong Xi Fa Cai

Posted by EVO118 > 2022-01-31 23:05 | Report Abuse

FGV gets 6-month extension to comply with public spread requirement.
https://www.theedgemarkets.com/article/fgv-gets-6month-extension-comply-public-spread-requirement.
How on earth are they going to comply if the major shareholder keeps accumulating with no regard to the extensions previously given. FELDA are acting as though they can do anything they want, forget about all the rest of the shareholders on even the regulators.

Posted by Mr Pursa ♠ > 2022-01-31 23:33 | Report Abuse

one group keep calling buy in their premium group, fgv can meh

Posted by EVO118 > 2022-02-03 09:11 | Report Abuse

Can't understand how Bursa can make an announcement that at 31/12/2021 the public shareholding spread stands at 13.07%. According to the records reported by Bursa on 31/12/2021, FELDA holds 12.415% indirect + 67.366% direct, which leaves a left over of 20.219% that is deemed free public shareholding.

Posted by taitaumau > 2022-02-03 10:04 | Report Abuse

EVO, my understanding: PAC n sub, shareholder(EPF) as below are included also in the computation of the spread.
Koperasi permodalan felda (1.94 + 0.11) = 2.05%
EPF: 5%
AMSEC nominee (Exempt a/c - Felda): 0.08%
Source: 2020AR

Posted by taitaumau > 2022-02-03 12:23 | Report Abuse

THE WAY I SEE ......

RECAP: Announcement by Felda on 24/3/3021, subsequent to the closure of the take-over offer on 15/3/2021:

"The Company will use the extension of time granted by Bursa Securities to formulate a rectification plan to address the shortfall in its public shareholding spread and to allow sufficient time for FELDA to formulate a firm plan on FGV’s listing status."

From Felda's perspective, 2 issues are to be dealt with:
1. Compliance with Public Shareholding Spread Pursuant to Para 8.02(1)
- this responsibility lies solely on FGV
2. Obligation of Felda (the offeror) to FGV in respect of the delisting intention in the said take-over offer, ie
"THE OFFEROR DOES NOT INTEND TO MAINTAIN THE LISTING STATUS OF FGV ON THE MAIN MARKET OF BURSA SECURITIES"
- My view is premised on the fact that when 25% public spread is triggered on 5/2/2021, BOD reiterates this intention.
- IF no new privatisation attempt is taken by Felda,
- Will Bursa securities step in on this issue ??
- Whether FGV directors will follow up on this obligation ??
- Is it fair to the acceptees who are misled by the offeror's intention ??
- Where no exception clause is attached, whether a " NOT TO MAINTAIN LISTING STATUS" intention in a take-over offer is binding ??
RECAP: CCB take-over, the offeror stated a clear disclaimer where the final shareholding fell below 90%.

Posted by EVO118 > 2022-02-03 12:57 | Report Abuse

All the shareholders who accepted the takeover offer were cheated. There was no takeover because they fell short of the number of acceptances.Since then "FELDA" has been constantly mopping up shares even above the offer price. All acceptances should be cancelled & refunded! Something very wrong here and needs urgent correction.

Posted by Sunshine > 2022-02-03 14:13 | Report Abuse

Does anyone know exactly how much FELDA needs to take it private? Some articlrs says 90% and other says 95%. Which is corrrect?

With taitaimau's comment, is it corrext to say FELDA's current shareholding position is 87+% ?

Posted by EVO118 > 2022-02-03 14:35 | Report Abuse

FELDA (majority shareholder outright) on latest holding report stands at 79.91%.The 87% includes all the rest of the other major shareholders including EPF, KWAP etc.

Posted by EVO118 > 2022-02-03 14:48 | Report Abuse

Something is going to happen within 6 months. It's just a waiting game. It should have been over after 1 year not another 6 months!

Posted by strattegist > 2022-02-03 17:13 | Report Abuse

closed red 1.49

Posted by Benhobenhobenho > 2022-02-04 09:08 | Report Abuse

How many times, bursa will allow extension to felda

Posted by newbie5354_ > 2022-02-04 10:05 | Report Abuse

Is it because GE15 still no news?

Posted by 8888_ > 2022-02-04 10:35 | Report Abuse

GE15 if 2nd half 2022 Aug 3rd final deadline?

Posted by strattegist > 2022-02-04 18:09 | Report Abuse

closed green 1.51

Posted by EVO118 > 2022-02-04 19:51 | Report Abuse

Exactly what I have posted earlier. What is the point of the extension? For the record FELDA's reported holdings on 14/1 was 79.85%, 20/1 was 79.87%, latest 3/2 was 79.93%. Does that tell us they are trying to increase the PUBLIC SHAREHOLDING SPREAD! They are not even trying.

Posted by Sunshine > 2022-02-04 23:53 | Report Abuse

Section 4.2 (j) of Bursa Guidance Note 13 - Public SharehoLding Spread:

(j) if there has been no progress in relation to items (h) and (i) above during the previous
extension of time, the listed corporation must also explain the reason for the lack of
progress

Why isn't Bursa doing anything!

Posted by EVO118 > 2022-02-05 08:37 | Report Abuse

Somebody is in somebody's pocket. Malaysia Boleh.

Posted by curiousq > 2022-02-05 08:46 | Report Abuse

next week can?

Posted by EVO118 > 2022-02-07 08:01 | Report Abuse

Special exemption for Felda?.
https://www.nst.com.my/business/2022/02/768823/special-exemption-felda.

Posted by EVO118 > 2022-02-07 08:10 | Report Abuse

"However, there will be no enforcement or action that can be taken by the regulator," he told the NST.
Interesting, where to now? Bursa, Tiger with no teeth!

Posted by strattegist > 2022-02-07 17:36 | Report Abuse

flat 1.51

Posted by EVO118 > 2022-02-07 19:47 | Report Abuse

FGV’s suit against ex-chairman, former CEO to be heard before another judge.
https://www.malaymail.com/news/malaysia/2022/02/07/fgvs-suit-against-ex-chairman-former-ceo-to-be-heard-before-another-judge/2040025.

After all these years I am still waiting for at least someone from FGV to be thrown to jail. All wayang, maybe pendek will be the first. We know there are crooks but they can't even put one in jail.

Posted by EVO118 > 2022-02-07 20:31 | Report Abuse

New judge to hear FGV suit against Isa, Emir.
https://www.freemalaysiatoday.com/category/nation/2022/02/07/new-judge-to-hear-fgv-suit-against-isa-emir/

Posted by strattegist > 2022-02-08 19:15 | Report Abuse

flat 1.51

Posted by calvintaneng > 2022-02-08 19:42 | Report Abuse

FGV = FASTER GRAB VALUE!

Don't let felda take FGV cheap!

If don't have just buy some first!