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!
money on the way - that was awfully lot of money 20 years ago! Equivalent to RM35K now or more in purchasing power! So, dont be fooled by anyone, including so called ANAL - YST who seem to have been bought by the syndicate!
the way i see ....................... IF Felda makes a u-turn to maintain the listing status of fgv, a easy way out is ?
1. fgv to seek approval from Bursa to allow the acceptable min. spread at not less than 15% (under new ruling)
2. fgv to issue new shares, say just 1 million shares or more, via a pp or other mean Result:# State. Gov. of Pahang will no longer remain as a sub. shareholder # The spread will then improve to 17.92% from the present 12.92 %
There may be other qualitative matters to be look into. Anyway, i will stay cool, awaiting final action from Felda.
taitaumau - yr comments realization is hardly possible as the BURSA rules apply to all, cant see why exemptions are to be given, so far no one given blanket exemption for indefinite period!
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
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Posted by strattegist > 2022-03-11 15:11 | Report Abuse
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