Type Announcement Subject MONTHLY PRODUCTION FIGURES (MINING / PLANTATION / TIMBER) Description CROP OUTPUT FOR FEBRUARY 2022 The production figures of FGV Holdings Berhad for the month of February 2022 are set out below:
In my opinion if you want to follow palm oil don't follow FGV, go for the other related palm oil coys. FGV has very limited free shares. Most of it is held by FELDA. It has since move to it's latest bout of highs since sitting on it's stable price of $1.50 for a long time. Do your own analysis.
Most ppl who are still holding FGV are waiting for a better offer price. The dividend is a bonus, in fact I have received several dividends since I hold this stock. Stock price increase is tempting to sell though.
The next low is going to be $1.64 (which is -7% from today, reasonable). After that it might take a couple of weeks to come back down to $1.50 which is a level where FELDA can make a reasonable takeover offer.
ANy VGO offers will be above the average trade prices...wont be a bottom fishing exercise a sthere are legal wrangle to these! FELDA had bought many shares at RM2 plus...it cant be offering below this prices per Take Over code!
Nothing stopping them from taking the profit now amd off load the excess to satisfy the free shares requirement. The sell off is part of the requirement and it will definately bring the price down. Can't blame them for it, just following the regulations. Plenty of time to make a takeover offer when it is down, will still be lower than when they were sold off.
@moneyontheway, i kept accumulating until the cost is less than today. Still holding it. I am just a small fish. I think some state investment bodies, like Pahang, are still holding this stock too. And they sure not going to let this stock go way below what they had paid.
VGO offers have strictest guidelines and corporate restructing is not wasted on getting shares cheap...It works as percentage on percentage, and if FELDA fails to collect balance within a period of time, its screwed just like CCBintang shares have been!
its more to do when the time is right ..They need to do it fast as window of oppurtunity is closing down fast!
Many not letting go, so the price has to be 10- 205% hight than current level....!
To the commentators here ...pls bear in mind that FGV has only 2 issues to deal w as far as it's price is concerned.
Firstly, CPO prices which have been high due to Crude Oil prices being high (due to Ukrain - Russia war) and inflationary pressures &
Secondly, the status of FELDA's accumulation, now almost 90% - yes, cornered stock. So, all fundamental n charts can be thrown out of the door!
Pls..Bring in rational analysis and nothing of "GOLDEN VALUE" or even as in 1998, a top ENGLISH BIZ news EDITORw rote of AOKAM as "BLACK GOLD" - as though that counter was hitting oil!
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 > 2022-03-08 13:36 | Report Abuse
steady