RM733m sum claimed by AwanTec unit against govt not unreasonable, lawyer argues.
https://www.theedgemarkets.com/article/rm733m-sum-claimed-awantec-unit-against-govt-not-unreasonable-lawyer-argues

11 days to Ex- Consolidation. Let's see what they are going to pull out of their hat in the next couple of trading days.

Why is it going backwards ? The news wasn't that bad.

Watch out. Starting to move further downwards.

KUB sells loss-making plantation unit to Syed Mokhtar’s Tradewinds Plantation.
https://www.theedgemarkets.com/article/kub-sells-lossmaking-plantation-unit-syed-mokhtars-tradewinds-plantation

If there is negotiation with Sabah & Pahang for the remaining 5 %, then there should be another round of mandatory takeover offer with this new negotiated price. They are suppose to have off-loaded the excess over 25% after the failure not keep buying. What is Bursa doing?

Plantation shares rise on bargain hunting as investors weigh oil palm ban by Sri Lanka.
https://www.theedgemarkets.com/article/plantation-shares-rise-bargain-hunting
Obviously bypassing FGV.

2nd qtr report out. Not getting anywhere.

You all know you have to put up 6 times more than what you have invested in this company, to get the 6 RI plus you will get 3 free warrants for every rights. if you have 500,000 shares now, it will be 50,000 x 6 = 300,000 rights to take up @ the new price of say 0.30 if the shares are 0.03 before consolidation. That is a cost of 300,000 x 0.30 = $90,000. Your original investment in this company was 500,000 x 0.03 =15,000 ( based on the price before consolidation.) Question is the opportunity cost. Does the benefit outweighs the initial extra outlay. Can you get a better return than chasing this exercise here or do you park your extra outlay somewhere else. Do your own analysis.

Soon-to-be glovemaker Sanichi closes down 19% as shares trade ex in 10-to-1 consolidation.
https://www.theedgemarkets.com/article/sanichi-closes-down-19-shares-trade-ex-10to1-consolidation.
Is this sort of scenario going to happen here? Good reading.

All four resolutions were passed even with lesser shareholders because they hold more shares than those shareholders voting against. Now we just have to wait & see how they manipulate the market before we have to commit more money to get the rights. Don't forget this RI is 10x more of the pre-consolidation price. Instead of 0.03 cents it will now cost us 0.30 per share. If they don't get the $ from the RI or the profit from the ESOS, they will come back again for another bite 6 months later like they all do.

It will always give the PP a huge discount to entice them & possibly a price hike after to enable them to make more profits after the issue. It's a part & parcel of the stock market.

Can't make enough money in the business they are already in. The easy way to make money, is using Covid-19 crisis as an opportunity to raise more money. Easy way to con shareholders.

Private placement, does it matter? Not for us will only increase the price once done, so they can take profit.

Make sure you get your vote in. Yes OR No. Don't complain about it later on. Meeting is on this Friday at 11.00 am at Tropicana Golf and Country Resort, Petaling Jaya, Selangor. My advice is don't think of the warrant as "FREE WARRANT- DIng, Ding, Ding - GOOD". Don't forget you have to commit more money for the rights issue. Is it worth it ? Only you can answer that question.

Guys, CBB was the backbone of Datasonic. He is what makes Datasonic. Mr Datasonic ! Entering a new era for Datasonic without CBB. Never thought we have to get here so early.

GOOD or BAD?

FGV appoints ex-Felda DG as its new chairman effective April 1.
https://www.theedgemarkets.com/article/fgv-appoints-exfelda-dg-its-new-chairman-effective-april-1

The four resolutions for this little exercise is going to a shareholders meeting on the 2/4/2021.

Fancy using our taxpayer's money to pay for his family and his wife's umrah. Disgraceful ! Think of the number of business that has gone bust lately.

If we can't get Anwar, PH, UMNO will do . Anything is better than this cow. Time to move on YDPA.

Need to get rid of the MOO cow first ! Hasn't done anything except increase his future pension.

Malaysia needs clearer economic directions to attract FDI, says former minister.
https://www.thesundaily.my/home/malaysia-needs-clearer-economic-directions-to-attract-fdi-says-former-minister-XD7467257

A private company under a GLC as well as MOF. Very suspicious. Can somebody tell us why our MOF is involved in a private company as well as what on earth is Tabung Haji doing in this private company. What do they do? Manipulate the market? Maybe MACC should have a look at this.

Does any body know who are the main principals behind UJSB ?

At this current price, that little exercise of consolidation, rights issue and free warrant is going to be a total failure unless they are willing to pump the price before it happens.

We really need Syed Mokhtar to have another go at it. It will only perform if you are using your own money not tax payers money for which nobody is accountable. Look at it's history, then tell me who was responsible for it's past performance. Need a whole new BOD!

Eddie Ong’s digital move.
https://www.theedgemarkets.com/article/eddie-ongs-digital-move

Forget about all the hype. Just remember to take some profit on the way up, before Felda decides to get back to the 25% threshold and take some profit off some us who might be chasing to get back in. Relax and stay cool, don't rush.on your investment decision.

2 more rounds. 1.80 then 2.00, until Felda makes some announcement. Good Luck.

Who Dare Wins. you are standing on safe ground. The volume is not there for them to pick up even at this level.

Building a new low base of 1.50 ! More to come.

Like I said earlier, if they go crazy chasing it all the way up to $3.00 then they might just get volume to get past the 90%.

Won't be long. We will know by end of trading tomorrow. I am just stating a fact that there are not enough shares on the market for them to get over the threshold unless the buying price for tomorrow is all of a sudden, for some unknown reason over $3.00. Even then it is a big IF.

Don't worry they need at least 500m+ shares to get to 90%, not 1m or 10m a day. Even if all the shares on the market are bought at a higher price and then accept the GO at 1.30 they are still not going to make it. Tok Pa must be living in a dream world. Talk is easy only 13%, trying to get it is not that easy.

Felda has got lots of shares to short this since it is not going to get to 90%, if they want to!

hazli, The only thing we need to know is are we going to stay with FGV ? All this is not important once they get privatised with tax payers money and get delisted.

CAWALLUK : You can't be too sure that Felda is not going to take profit on all the 1.30 that they have picked up with borrowed money to discharge the loan, especially since the take over to delist have failed? Have to wait and see.

Looks like it is coming back to above the pre-bonus (1 for 1) price high of 1.20- 1.38 back in sept/oct announcment.

Can't see how restructuring the company's debt using SUKUK with Govt backed guaranteed, to reduce the loan used in this exercise as well as pay off settlers is going to help. They should be taking SUKUK loan to further increase the efficiency of their operation and increase future profits like replanting NOT pay off debts. Really got no business sense. Well, govt backing not their problem, just take and spend. I thought Tok Pa was a lot more astute financially than the rest of the ministers.

RELAX & STAY COOL. Felda is not going to get there by the end of 15th.

Felda already owns 77pc stake in FGV, says Tok Pa.
https://www.malaymail.com/news/money/2021/03/09/felda-already-owns-77pc-stake-in-fgv-says-tok-pa/1956367.

Former finance minister II Johari emerges as shareholder in Media Prima as share price tumbles.
https://www.theedgemarkets.com/article/former-finance-minister-ii-johari-ups-stake-media-prima-share-price-tumbles

Hextar Global to diversify into cleaning chemicals business via acquisitions.
https://www.theedgemarkets.com/article/hextar-global-diversify-cleaning-chemicals-business-acquisitions/
Dato Ong working hard on another project.

Remember officially, Felda has not bought any above 1.30. Someone else has bought above 1.30. They in turn might accept the GO at 1.30 at a lost and hand over the shares for the benefit of Felda. Just be aware that any shares sold on the market at above 1.30 might ultimately end up with Felda. Don't just count the turnover at 1.30 and below. With D-day coming, assume all turnover in the next couple of days to ultimately end up in Felda's hand whether it is at 1.30 or above 1.30. It would be a lot cheaper for Felda to pay some brokers to pick up all that is available and then accept the GO, than to revised the GO upwards.

In RM6m cheques matter, MACC officer says passport chips project would not have been awarded if Zahid had not agreed.
https://www.malaymail.com/news/malaysia/2021/03/04/in-rm6m-cheques-matter-macc-officer-says-passport-chips-project-would-not-h/1954929

Felda needs at least another 550M additional share acceptances from the GO to get past the 90%.

Felda is going to collect all dividends of GO acceptors as a bonus as well as get a free ride to MSM & FGV future positive quarters. Why not they are going to get pass the 75% to enable them to control and pass all resolutions at any meeting.

That was for real. Over 3m sold at 1.34.

Who is playing games here? Who and where are those millions of sell and buy from that all of a sudden appear in this afternoon session