Bursa Malaysia (KLSE) Stock Investment Portal

FGV hold relatively well at 1.6 despite CPO price plunge because of 11 sen dividend? PM-X China visit can reverse CPO price plunge? 2 more days we can know.

2 months ago

11 sen dividend ex-date 29th Mar(tomorrow)is 6.96% at 1.58 far better yield than EPF dividend or FD rate. If add to 4 sen announced earlier FGV DY become 9.49%.

2 months ago

manahin

Time to load.....

2 months ago

Sold cum div and now load back ex? Clever boy.

2 months ago

1.49 yesterday is 1.6 before div ex-date so those holding for dividend paid off? I admit I am not a good trader to precisely know lowest or highest for each stock.

1 month ago

If you bought at 1.60 for the div and now is 1.49, indifferent. Anything below 1.49, you bang balls. That is called a div trap. Noticed most are like this nowadays. Don't hadap for the div.

1 month ago

firehawk

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Bursa Securities, vide its letter dated 3 April 2023, granted the Company an extension of time to comply with the public shareholding spread requirement for a further six (6) months from 2 March 2023 until the expiration of the extension on 2 September 2023.

This announcement is dated 4 April 2023.

1 month ago

Lame regulator. Only know how to allow extension of time. Gaji buta.

1 month ago

FGV gets fourth extension to comply with public shareholding spread as it mulls preference shares issuance

KUALA LUMPUR (April 4): FGV Holdings Bhd said it has received a fourth extension from Bursa Securities to comply with the minimum public shareholding spread by September 2023.

The plantation group’s public shareholding spread stood at 13.09%, compared with the minimum requirement of 25%.

The extension was provided soon after FGV said that its board of directors is exploring the issuance of new Islamic preference shares, as part of a rectification plan for the company to comply with the public spread requirement.

“If feasible, the corporate proposal is expected to take up to eight months to complete, barring unforeseen circumstances,” FGV said when revealing the plan on Feb 27.

FGV is 86.91%-owned by the Federal Land Development Authority (Felda), which raised its stake from 36.61% amid a failed privatisation exercise in 2021 at RM1.30 per share in December 2021. The takeover exercise’s deadline was extended three times.

Extension to the deadline for FGV to comply with public shareholding spread was provided in March 2021 to August 2021.

It was postponed further to February 2022, and later to August 2022 before an initial rejection by Bursa Securities for another extension — until the preference shares proposal was mooted.

Shares of FGV settled down one sen or 0.68% at RM1.45, giving it a market capitalisation of RM5.29 billion. Year to date, the counter has risen by 9.85%.
https://www.theedgemarkets.com/node/662129

1 month ago

Why need to issue preference share?

1 month ago

zackboy

>Why need to issue preference share?

Yes, I am wondering too. Just abandon the privatization plan already or offer higher price to the shareholders.

1 month ago

How does issuing pref shares help rectify share spread?? Just sandiwara to buy time. Eventually will be taken private. Take your time and give few more rounds of high div ya. Felda needs the money hehe.

1 month ago

To comply to the 30% shares available for public - Felda need to offload 17% if the units

1 month ago

Felda can offload existing 17% to a friendly party or issue more shares either ordinary or Preference shares with no voting rights. Non-voting shares do not give the holder any voting rights in the company. This means that the holder is entitled to a portion of the company's capital, but is not able to take part in its general meetings. Non-voting shares are mostly issued to employees or to family members of the main shareholders

1 month ago

taitaumau

My personal views (guesses):
1. preference share is excluded for the purpose of computing the public share spread requirement .
2. preference shares may be issued to targeted GLC/ PAC to raise enough internal fund before FGV (requested by Felda & its PAC ) to undertake SCR ???
3. Delisting is another way to address the non-compliance of the spread.

1 month ago

badprecedent

Interesting Felda is mulling for proposal of issuing preference shares as a relatively simple way to raise large amounts of capital only they know better
Often Institutional investors are the most common purchasers because they have the financial capability to buy in bulk and enticed by the favorable tax treatment
As preferred share pay fix dividend its valuation depend on dividend performance of a company
FGV declared 15 cents for Year 2022 its dividend yields 10% based on the current market price od RM1.50 and probably it will use this as a yardstick to determine the valuation of its issuance of preference shares

1 month ago

Ordinary shareholders not entitled to subscribe for pref shares??

1 month ago

If go ahead FGV won't delist? Why in the past said differently?

1 month ago

Oh oh, kena con job again. Bodoh Felda dan FGV suka tipu orang.

Hehe, joking aje. Patient bro. Eventually will take private and delist. Pokkai Felda need to raise funds dulu. Just hold or buy more. Will be at least RM2.00 for GO to succeed. Meantime enjoy high div. Life is good. Haha.

1 month ago

MATERIAL LITIGATION KOTA KINABALU HIGH COURT SUIT NO.: BKI-22NCvC-21/3-2023 EUGGNE KOUSAI v. 1. SRI KEHUMA SDN. BHD. 2. YAPIDMAS PLANTATION SDN. BHD.
FGV HOLDINGS BERHAD

Type Announcement
Subject MATERIAL LITIGATION
Description
KOTA KINABALU HIGH COURT SUIT NO.: BKI-22NCvC-21/3-2023 EUGGNE KOUSAI v. 1. SRI KEHUMA SDN. BHD. 2. YAPIDMAS PLANTATION SDN. BHD.
FGV Holdings Berhad (“FGV”) wishes to announce that its subsidiaries, Sri Kehuma Sdn. Bhd. and Yapidmas Plantation Sdn. Bhd. (“the Defendants”) had on 10 April 2023 been served with a sealed Writ of Summons dated 13 March 2023 (“the Writ”) by Euggne Kousai (“the Plaintiff”).

The Plaintiff among others claiming for damages amounting to RM24,924,000.00 due to the Defendants alleged fraudulent transaction and continuing trespass in relation to the lease agreements of forty-one (41) parcels of lands held under Native Tittle where the Plaintiff claims to be the registered owner.

The Court has fixed for the first Case Management on 13 April 2023 at Kota Kinabalu High Court.

FGV and the Defendants are seeking legal advice to act against the Writ.

Further announcement on the development of the above matter will be made in due course.

This announcement is dated 12 April 2023.
https://www.klsescreener.com/v2/announcements/view/4713635

1 month ago

Waa tresspassing issue.. felda subsidiary did not do any due diligence ke

1 month ago

Mar2083

Potentially may down tomorrow

1 month ago

Normal counter yes but FGV is controlled and cornered aka manipulated. Price movement dictated by a single party.

1 month ago

manahin

Volume increase...... Ho ho ho!

1 month ago

Henryjohny

FGV look potential ..

1 month ago

Sure not? Everything manipulated wor. Berhati hati.

1 month ago

Good value

1 month ago

rainman777

Hahahaha kasi dividend pun cukup pakai lagi naik lagi,cantik.

1 month ago

On Monday, FGV said its wholly-owned subsidiary, FGV Integrated Farming Holdings Sdn Bhd would have a 40% stake in the JV company, while Baladna and Touch Holdings Sdn Bhd would have a 40% and 20% share of the company, respectively.

The JV is expected to have a total funding of up to RM4.5 billion, 70% of which through external financing and 30% via capital cash injection from the parties.

In a note, Public Investment Bank Bhd said the project is expected to be commercially operational by 2025 and is targeted to produce 100 million litres of fresh milk annually within the first three years, rising to 300 million litres of fresh milk in 10 years.

1 month ago

Assume dapat profit 1 ringgit for FGV 40% share per litre for the integrated dairy farm. By 2026, FGV would have make additional RM100million in profit

1 month ago

willc48

FGV not expert in susu despite having a susu brand which sell at very cheap. how to market as brand then

1 month ago

Hence why fgv joint venture with Baladna expert susu company

1 month ago

newbie5354_

Anwar as PM also cannot help FGV? Why need him as PM for 5 years as he wish?

1 month ago

Anwar as PM also cannot help a lot of people too.. he only manage to get MOU only with Chinese company to explore investment in Msia maa.. not the cold hard cash that FDI will bring

1 month ago

But FGV people are much smarter nowadays.. hot JB with Baladna to grow special cow breed in Msia

1 month ago

Baladna is a Qatari agricultural company that raises livestock and produces dairy products. It is Qatar's largest locally-owned food and dairy producer, supplying over 95% of the country's fresh dairy products.

1 month ago

Baladna is located north of the city of Doha and spreads over an area of 2.4 million sqm, with a capacity to house 24,000 cows.

1 month ago

Baladna grow Holstein breed cow
Holstein
Holstein This breed originated in Europe and was brought to the U.S. by Dutch • settlers. This breed has the highest milk production of all dairy breeds.

1 month ago

How you take care of Holstein breed suitable in Qatar weather can also be done in Malaysia weather

1 month ago

Farmfresh cows in Malaysia is known as Australian Friesian Sahiwal
The AFS makes up almost all of Farm Fresh's breed in its Malaysia farm due to its high resistance to heat, ticks, blood

1 month ago

Farm Fresh operates five dairy farms in Malaysia and one in Australia, totalling 5,416 acres and with a total herd size of about 9,960 bulls and dairy cows, of which 3,748 are milking cows

1 month ago

Holstein cows produce more pounds of milk than any of the other dairy breeds, with the average Holstein producing around 23,000 pounds of milk, or 2,674 gallons, of milk each lactation, which averages out to about 75 pounds, or almost 9 gallons of milk per cow per day.

1 month ago

I say FGV good luck in their new cow and Milk production Venture. They can give farm fresh a run in in malaysia and export market in South East Asia especially Indonesia

1 month ago

newbie5354_

If talk Farm Fresh why higher share price than FGV? Farm Fresh higher profit or more dividend than FGV?

1 month ago

newbie5354_

How PH won GE14 and GE15? Not voters vote against then ruling government BN?

kong73

Anwar as PM also cannot help a lot of people too.. he only manage to get MOU only with Chinese company to explore investment in Msia maa.. not the cold hard cash that FDI will bring

3 hours ago

1 month ago