Posted by Letsfly > 2022-07-28 09:11 | Report Abuse

kekeke 4.45 take private, i wouldnt mind giving... durian runtuh...

Posted by lionel messi > 2022-07-28 10:50 | Report Abuse

One thing wanna ask sifus: what is compulsory acquisition? Can I be a dissenting shareholder forever?

Posted by EVO118 > 2022-07-28 11:38 | Report Abuse

The only thing stopping FELDA from taking over in a GO is because the state institutions who are holding a decent % are not willing to let it go at the price FELDA is offering. With the WAP @ the moment at 1.50, my guess is for it to be successful it has to be at least 2.50-2.80. Anyway it is not going to happen in the near future. After GE15 maybe.

Posted by lionel messi > 2022-07-28 12:25 | Report Abuse

Thanks EVO. Comforting to know. I will whack more at RM1.50 and below :)

Posted by lionel messi > 2022-07-28 14:10 | Report Abuse

Wonder who has been selling to Felda since early July at RM1.50.

Posted by KooSan > 2022-07-28 15:43 | Report Abuse

Hi Messi, if I am not mistaken, compulsory acquisition will happen when FELDA owns more than 90% shares. I think now at most they are holding 81%.

Posted by lionel messi > 2022-07-28 16:14 | Report Abuse

Noted with thanks KooSan. Hope they won't reach 90.01% at RM1.50 by making a pact with some big shareholders and then do a compulsory at that price.

Posted by lionel messi > 2022-07-29 12:03 | Report Abuse

Many companies have in the past done it before. Do "funny things" with certain shareholders to trigger a low compulsory GO price to rip off minority shareholders. But don't try it here. ESG is watching you closely.

Posted by KooSan > 2022-07-29 16:08 | Report Abuse

Retail shareholders should stand united!

Posted by StartOfTheBull > 2022-07-29 16:26 | Report Abuse

Undervalued stock.

Posted by Mabel > 2022-07-30 08:53 | Report Abuse

"Don't let the fear of losing be greater than the excitement of winning"― Mabel Kiyosaki

Posted by lionel messi > 2022-07-30 10:04 | Report Abuse

Losing or winning fair is ok but in Malaysia, corporate governance is very poor. Minority shareholders always kena ripped off in major corporate exercises.

Posted by calvintaneng > 2022-07-31 19:03 | Report Abuse

FULL OF GOLDEN VALUE

https://sgx.i3investor.com/blogs/Jbhouseforsale/2022-07-31-story-h49564404-TOP_10_POWERFUL_REASONS_WHY_PALM_OIL_BULL_RUN_WILL_RESUME_THIS_AUGUST_202.jsp

Posted by EVO118 > 2022-08-01 10:13 | Report Abuse

Is there a compulsory disposal because they exceed the substantial free shares percentage? Bursa can't possibly allow FELDA to slowly creep up to 90% without making a GO and then force a compulsory acquisition on the remaining shareholders. So what is it going to be? Can FELDA do what they want or can Bursa force the issue? Who is BOSS? Guess we will know by tomorrow.

Posted by EVO118 > 2022-08-01 20:22 | Report Abuse

FELDA continues raising its stake in FGV.
https://www.theedgemarkets.com/article/felda-continues-raising-its-stake-fgv

Posted by taitaumau > 2022-08-02 08:18 | Report Abuse

In the context of Non-compliance with public shareholding spread, WILL BURSA SECURITIES APPLY DOUBLE STANDARD ?

Re: LTKM case
Take-over closed on 2/10/2019
Latest extension of time till : 31/3/21
Further extension rejected on 2/4/21
Period granted: 18 months

Now, dealing with fgv
Take-over closed on: 15/3/21
If same standard applies, extended DEADLINE should be: 3/8/22 ( latest known date) ???

For the past 18 months, i wonder what positive action has been taken by FGV to address the declining shortfall ????
i believe FGV owes its minority shareholders an explanation. what say u

Posted by lionel messi > 2022-08-02 09:09 | Report Abuse

I say they are scheming and scamming how to swallow the whole company at the lowest possible price. Minority shareholders, who gives a damn.

Posted by EVO118 > 2022-08-02 09:35 | Report Abuse

So does the poor investors who accepted the original GO get a refund or compensated for the difference in the current buying price FELDA paying for since the acceptance was based on a takeover?

Posted by EVO118 > 2022-08-02 09:41 | Report Abuse

If they can let the deadline stretch out for 18 months then the GO should be valid for 18 months. If FELDA can stretch investors out for 18 months, I think investors would be willing to accept some compensation 18 months later.

Posted by EVO118 > 2022-08-02 09:52 | Report Abuse

There was never any intention of FELDA rectifying the substantial free shares percentage. If anything it is FELDA's intention to use the extentions to try and increase their holding to a level to enable them to do a compulsory acquisition. WAKE UP BURSA!

Posted by lionel messi > 2022-08-02 10:52 | Report Abuse

To be fair, they have said many times of not wanting to remain listed. The only thing that disturb their plan was inflation. Now most of the remaining minority shareholders are not willing to sell cheap. To these shareholders especially the bigger state or govt linked one, I must caution you not to go into any scam with Felda on the cheap to reach 90% in order to rip off balance shareholders and get some sort of rebate or kick back in return. Have some conscience and play fair. KARMA is real.

Posted by EVO118 > 2022-08-02 11:43 | Report Abuse

This is a PLC. You got it listed with some ridiculous IPO price by getting the funds from us investors and now you want to take it private but not prepared to pay? Just because your intention is to go private doesn't mean we are going to give it to you at that price. We will get more if FGV's Directors are prepared to even consider Syed Mokhtar's offer.

Posted by 8888_ > 2022-08-03 12:03 | Report Abuse

Anwar PM10 only can help cheated Peneroka Felda and minority shareholders who bought FGV IPO priced RM 4.55?

Posted by EVO118 > 2022-08-03 12:30 | Report Abuse

Anwar is HISTORY! You need someone like BOSSKU who might be dedicated enough to protect his father's legacy. With an architect of Low Yat fiasco running the country, the stock market is not going anywhere. Malaysia will be looking at bigger problems.

Posted by EVO118 > 2022-08-03 17:11 | Report Abuse

Bursa, has to tell us sooner or later whether they are going to be "CHICKEN" or "TIGER" with FELDA. Can't hide from the fact that they and the rest of the investors here have been taken for a ride.

Posted by lionel messi > 2022-08-04 09:41 | Report Abuse

Relax and chill EVO. I want my at least 8 sen div. Gives me yield of 5.3% at current price. Not too bad. If there is no compulsory, I'm not too worry. Just collect as many.

Posted by Syndicates > 2022-08-04 21:21 | Report Abuse

can be like this one? no immediate announcement after deadline? walao tell us lah want suspend trading or another extension to solve public spread issue.

Posted by EVO118 > 2022-08-04 21:55 | Report Abuse

Relax, they will have to come back to the investors. It's Bursa's duty to keep investors informed, just trying to hatch the story.

Posted by EVO118 > 2022-08-05 07:39 | Report Abuse

Because it is a GLC they think it belong to their grandfather and can do whatever they want and answerable to nobody. Typical Malaysian Bumi GLC mentality.

Posted by lionel messi > 2022-08-05 08:15 | Report Abuse

What is the recourse for minority shareholders? How to name and shame Bursa and/or Felda? Write to bursa2u@bursamalaysia.com

Posted by lionel messi > 2022-08-05 08:32 | Report Abuse

I have just done so. Go slam them. The more complains the better. Shareholders activism. Let's fight baby :)

Posted by EVO118 > 2022-08-05 09:39 | Report Abuse

I am ready to buy if they enforce a force sell on FELDA. Below 1.30 would be just fine for starters.

Posted by EVO118 > 2022-08-05 10:55 | Report Abuse

What are they still sleeping? Wake up, it is nearly 11.00 am. Most Malaysians get to work early.

Posted by EVO118 > 2022-08-05 11:50 | Report Abuse

You know most of us investors are online before 9.00am. By 11.00am we are probably heading to the nearest kopitiam for our kopi or teh tarik and by 12.30pm we are having a lunch break. So what are they doing?

Posted by lionel messi > 2022-08-05 11:52 | Report Abuse

No no EVO. Die die also they want to be delisted. No question of forced selling. Just a question of how much?

Posted by 8888_ > 2022-08-05 21:39 | Report Abuse

Another 6 month extension?

Posted by EVO118 > 2022-08-05 21:47 | Report Abuse

"The Company has, on 26 July 2022 applied for a further six months’ extension which is pending response from Bursa Securities."

What is that suppose to mean. Surely they are not going to give another 6 months without FELDA even trying to to get the publis shareholding spread in order. If anything they are abusing the generosity of that extension. To put it in perspective, from the date of the first extension till the next one, if you have a baby, he or she will be 2 years old. How time flies. We could easily make some money on some other counters within the 2 years.

NO YOU BIG "CHICKEN".

Posted by KooSan > 2022-08-05 21:53 | Report Abuse

Evo, I think it's more like FELDA still has not received the mandate from the "TOP". That is why they request for another extension and I think they will get it.

Posted by EVO118 > 2022-08-05 22:26 | Report Abuse

This is what should happen.
1) Bursa should tell "FGV" they will be suspended immediately unless the public shareholdings spread are fixed.
2) Instruction should be given by Bursa as well as FGV to FELDA to decrease their % holding or FGV will remain suspended indefinately.
3) If still no solution then FELDA should do another GO.
4) Force sell or pending delisting.

Posted by EVO118 > 2022-08-05 22:33 | Report Abuse

When dealing with a big GLC like FELDA there is ONLY one tool BURSA got and that is an indefinate suspension. They will ignore any other suggestion that does not bite.

Posted by lionel messi > 2022-08-06 10:39 | Report Abuse

So bodoh. Previous extension already expired but new development still pending response from Bursa. Screwed up big time. If not for us writing in yesterday to whack them, probably no announcement at all after market yesterday. Real gaji buta and sleeping on the job.

Posted by lionel messi > 2022-08-07 17:12 | Report Abuse

Should have been settled, decided and announced even before previous expiry on 3/8/22 for investors to make informed decisions? Investors were trading in the dark past few days not knowing why they were buying or selling. Somebody didn't do their job.

Posted by lionel messi > 2022-08-08 08:11 | Report Abuse

Counter should be suspended pending response from Bursa. Investors are unable to make informed decisions trading in the dark without that important announcement.

Posted by EVO118 > 2022-08-08 10:05 | Report Abuse

Exactly, should have been suspended based on th public shareholder's spread not on this silly joint venture! This is just a distraction of no value to investors in the market currently.

Posted by EVO118 > 2022-08-08 10:17 | Report Abuse

There is no point in resumption of trading on this news. Basically all the buyers are being manipulated by FELDA because of their shareholdings. They can play those silly investors who chase this by selling it . They got that much stock to play (dump). Is BURSA BODOH?

Posted by Letsfly > 2022-08-08 11:55 | Report Abuse

https://www.bursamalaysia.com/contact_us/other_complaints

Please note that Bursa Malaysia is not recognised as an “enforcement agency” under the Whistleblower Protection Act 2010 (“Act”). If you intend to rely on the protection offered by the Act, please make your report to the Securities Commission who is recognised as an “enforcement agency” under the Act.

Posted by lionel messi > 2022-08-08 16:14 | Report Abuse

Thanks Letsfly. Will see how they treat the balance minority shareholders and at what price they will do the compulsory. Letsfight.

Posted by EVO118 > 2022-08-08 22:42 | Report Abuse

FGV to supply 10,000 'ayam kampung' a week under Ladang'57 brand to AEON Big by year-end.
https://www.theedgemarkets.com/article/fgv-supply-10000-ayam-kampung-w...

Felda mops up more FGV shares.
https://www.theedgemarkets.com/article/felda-mops-more-fgv-shares

The important part is they keep increasing their holding instead of reducing. Now we are into Kampung Chicken. Hey, we already got the biggest "CHICKEN" in BURSA. No control over their regulations. As long as you are big enough you can just ignore BURSA. Rules are meant to be broken, come to the real world of manipulation of the market.

Posted by Letsfly > 2022-08-09 10:15 | Report Abuse

indeed... thats why i will stand and never sell a single share to them at the chicken feed price they offer!

Posted by lionel messi > 2022-08-09 10:24 | Report Abuse

When they reach compulsory at cheap price by scheming and scamming, you will have no choice. That's why most important advice to balance minority shareholders is don't ever allow them to reach 90% cheaply.