1.61 target price? Are they kidding with this counter? More like a con to chase the price for FELDA to make some short term profit by selling to the unaware buyers. Been watching this counter for a long time. Nothing promising here until we get some action from Bursa, maybe before 3rd Aug.

10% buy back will only mean that the share price is going to stabilise. There will be some sort of consolidation of the share price once they figure what price range they will be committing the buy back. I presume it will be after ex dividends.

MIDF starts coverage on Datasonic, target price 57 sen.
https://www.theedgemarkets.com/article/midf-starts-coverage-datasonic-target-price-57-sen.

Awantec’s pivot to cloud starting to bear fruit.
https://www.theedgemarkets.com/article/awantecs-pivot-cloud-starting-bear-fruit.

Time for the management to start thinking of how to quickly expediate these legal proceedings before the next meeting on 20 July. Maybe cry poor and a prospect of delisting with the overhang of PN17. All the guilty party who cause the pin to be pulled on this SKIN project have since not in control, TM, MOO, Guan Eng, PKR. Should be easy to get a solution, no obstruction. Come to think of it the original SKIN project would have been up and running by now, instead of Malaysia still running with an outdated immigration system and probably need to spend millions of $$$ for an update soon.

Mah Sing to launch M Nova in 4Q22.
https://www.theedgemarkets.com/article/mah-sing-launch-m-nova-4q22.

Same, same usual high profile launch with big names and lion dance, but everybody think this is shit. Can't perform, need new Directors

Looks like CBB is still the biggest shareholder on latest list in July 2022.

CPO prices fall off the cliff while headwinds in plantation sector grow stronger.
https://www.theedgemarkets.com/article/cpo-prices-fall-cliff-while-headwinds-plantation-sector-grow-stronger

Two more Sapura Energy units served with winding-up petitions.
https://www.theedgemarkets.com/article/two-more-sapura-energy-units-served-windingup-petitions

FGV active, sees surge in trading volume.
https://www.theedgemarkets.com/article/fgv-active-sees-surge-trading-volume

Almost RM65m allocated to help Felda settlers, new generation, says PM.
https://www.theedgemarkets.com/article/almost-rm65m-allocated-help-felda-settlers-new-generation-says-pm

The BIG question is whether BURSA is capable of implementing it's own regulations on a GLC like FELDA, or is FELDA going to just ignore them like Karim in Serbadk. By the time they decide to do something most investors would have been cheated out by FELDA, at least in the foregone opportunity cost of holding on.

It is not going to move until we start seeing some earthmoving equipment in action.

Haji Abu Hanifah combined interest is only slightly over 6%. He is probably looking at getting into over 15% now that the previous highest shareholder CBB has dropped out of the equation.

Don't think it is an end game. A takeover GO will not happen if it is not anywhere close to 2.50. Investors will not be accepting the GO. FELDA is not prepared to pay 2.50. The GOM cannot afford to assist FELDA in the takeover because they also got no money due to subsidies funding. The only reason the price is down here is because FELDA wants it to be lower.

He is the Managing Director! Lets see.

Don't be fooled. They are not supposed to mop up more shares but dump. All this has to be done by 3rd Aug. If GO coming pretty sure they will be dumping to get the WAP down which they can do easily considering the amount of shares they got. Don't play their game, plenty of time to wait for some confirmation.

Looks like Haji Abu Hanifah is comfortable picking up more shares at the current price level of 0.45-0.47. Obviously in his opinion, the price should be alot higher than the current level. Maybe, it might settle at slightly higher than the 52 weeks high of 0.60 (0.65?) Indications are it will not be below 0.50 for too long.

Felda resumes FGV share buy after four-month pause.
https://www.theedgemarkets.com/article/felda-resumes-fgv-share-buy-after-fourmonth-pause.

Any more slippery slide like this week , the BOD might end with no jobs after finding it impossible to hold off PN17.

The GOM has got no money. Zafrul will need to provide some sort of a contingency funding in the event of an unfavourable outcome in his next buget before we can assume this is going to be resolved in the very near future. More likely we will have a new PM, Finance Minister, Attorney General as well as a new Chief Justice before we get any closer. That is how slow Malaysia gets things done. Still nobody in jail for all the corruptions after GE14

Put your money where your mouth is, don't need the blog. Everyone already knows.

All these facts of good results in CPO prices for the last 2 years has not shown any coorelation to their price. It might show some improvement in other palm oil company but not FGV.

Look at the individual sales qty going though (100?) and you know they are playing with us.

Don't go chasing it. That is exactly what they want us to do "PLAYING US". Could be another 2 years + possibility another 2 years of extension.. If Bursa is not going to issue an ultimatum, there is nothing stopping FELDA from sitting on that excess and keep on manipulating the price and collecting the dividends. They have got that much volume to play with.

Felda still picking up shares.

Can someone explain how do you buy or sell 1 share @ current price of 0.055, and what is the cost of that transaction. What is the point of the whole exercise? Thought there is a minimium lot size. How did they get pass Bursa to enable them to post such information?

Getting cheaper and still nobody wants it even though it is "undervalued".

It's getting cheaper if he wants more.

Forget it. Dreaming! None of that is going to get hit. This is a thieving counter.

I am sure that a shrewd businessman like Lim is very aware of the ins and outs of the construction industry and I do not think he entered into this hugh contract without doing his homework. Having done so much construction he would be aware of cost variations. Am very sure they did not sign a contract without allowance for variations. That is just a normal business practice. As for the the rest of the feasibility studies, pretty sure they have their own people have a look into it before anything is sign. No way LIm is going to get himself burnt on this big project. DYOA.

It has a short time frame. Only a 4 years project.

1.98B out of a total project cost of 3.7B. That is 52% take of the project cost.

"The government has received notification from Adil Permata Sdn Bhd in regard to its “white knight” to take over the company and its RM3.7 billion Rapid Transit System Link (RTS Link) project connecting Bukit Chagar in Johor Bahru to Woodlands in Singapore, according to Transport Minister Datuk Seri Dr Wee Ka Siong."

Holland coming.

It will close alot higher than 0.415 by end of the day.

What was this buy back exercise all about? Is there some sort of an ulterior motive behind this?

We know the rumour has been out for awhile but has this already been priced by the market? Sure doesn't look like it considering the % movement during the past week.

Still have to come to the party, it is a contract, can't get out of it. Unless there are some under table sweetners or contracts to major investors without the rest of the shareholders knowing. Well this is Malaysia, anything is possible.

Let's get back to main point. the STOCK. Thank you.

Good call TonyS9. That is all they can do and we have to wait until close of market the next day to tell us that!

Proposed new share buy back?

Nothing on Bursa's announcement.

Paktua Second
RUOK? Do you need help?

It was not common knowlege, but long before the SKIN bid there was always a connection between inside investors of Presbhd and Eduspec.

I think you will find that friendship tends to get through all hurdles as friends get older and are more compromising and forgiving.

Don't think there is alot of fibre cables used in 5G, more towers, maybe.

Mah Sing banks on its RM1.01bil balance sheet and other initiatives to fuel future growth.
https://www.nst.com.my/property/2022/07/809896/mah-sing-banks-its-rm10...

Same, same. More news but the price does not react. Very slow, testing investors patience

Unless they get the infighting in UMNO sorted out , they are not going to be keen on an early GE15. JOH has got abit of work to get the right support.

First and final single-tier dividend of 2.65 sen per ordinary share.

Does anybody know if Bursa can force sell the excess % of shareholding by Felda, like in a margin call force sell by a broker? If you do not have the power to exercise the rules then nothing will be done. Needs an ULTIMATUM.