https://www.thestar.com.my/business/business-news/2021/02/12/feldas-takeover-offer-extended#cxrecs_s

Felda's takeover offer closing date extended to March 2.
https://www.theedgemarkets.com/article/feldas-takeover-offer-closing-date-extended-march-2

That is excellent. HIGH 1.32. Let's see what Felda can come up with on Monday or next week.

Excellent. Thank you for your dedicated tracking and effort in compiling these information.

Sounds like one those promising young kids who have lots of potential and promising so much in the future but never manage to deliver. That's my boy BOTAK !!

I am willing to give them the benefit of the following 3 that might not be counted.
Kerajaan Negri Pahang....................5%
Sabah Investment Govt....................2.26%
EPF...................................................3.39%
Plus LTAT, Amanah, etc maybe........3%
That should give them Mabel's 69.74% + 13.65% = 83.39% (maybe at best if I double count)

Might come back to close the gap between 0.575 and 0.6 next week if it keeps going down.

Mukhriz already sold down his stake at least 5 months ago. No further notice to Bursa of further sales.

1/2 day tomorrow. Felda is no where near to 90%, not even close to 75% !

newbie4444
What do you mean? Have you got inside information that you are not sharing with us/

Bursa should be looking for insider trading on this.

Pejuang is not even approved !

Bursa announcement. IMHO I believe,tthe action yesterday was just friends of Felda buying it at 1.31 and then selling it to Felda at 1.30. All done to make it look like there are still sellers taking it at 1.30. On that volume of over 3 million the extra cost of 0.01 did not cost more that $32,000 which Felda can easily afford instead of them buying at 1.31 and then having to accept all the rest of the shares in their offer at 1.31.

No news. Isn't Bursa going to ask for an explanation of the recent hike in price? Are they asleep again !

Beginning to look like Game Stop style of trading ( fake )

Computer generated algorithm trading.

It sure looks like a dodgy deal going on. It looks like some supporter of Felda buying up at 1.31 and them off loading at 1.30, making it look like Felda is not buying at 1.31

Capital reduction is possible but a long process. It needs creditors approval as far as I can remember. Time is important because of the cost of financing this exercise.

If Caucus is putting their attention into this takeover at this time of covid crisis then you can be very sure there will be a price revision to enable this takeover to proceed with govt monetary support. So anyone who are selling at 1.30 now instead of waiting to accept the offer of 1.30, is not going to benefit from the revised acceptance offer. They just got to mop up all the loose monkeys before they make the offer.

best option for Felda is to mop up all the loose 1.30 out there before making another price offer. For every 0.10 price increase it is going to cost Felda an additional $25 milllion base on my calculation that they need another 250 million shares to be comfortable.They cost is manageable with govt backing.. Is the present unstable PN govt prepared to take the risk knowing there is an election around the corner?

RI at 0.10 means it is a hugh discount. We have to wait and see.

After consolidation the price should be 10 times the current price. Any price below that means you are losing money. 0.10 ? Huge loss. !

If they can up the price with the takeover, they might be able to delist it and then sell off some some of the assets to discharged the debt. Loan probably backed my the govt with our tax payers'.money.If the govt is willing to back the loan like IMDB then any bank will give them the money to do this exercise.

The management of Mtouche are not capable enough to closed the test-kit deal! They have been talking about this for the past couple of months and still can't get a decent sales deal even with Covid-19 cases increasing. Aren't they cash rich? Remember somebody posting that they have a lot of cash in surplus..Might make some money on the short term trading, would be a long wait for it to bear fruit on the health scene.

The way the turnover is turning out Felda is never going to make it. They will need to up the price to get what they want. How much is a good question.

They will need to get it delisted. The financing cost for Felda to get to a decent % will cost them a fortune, if they are unable to delist FGV and discharge part of the loan on this exercise. They cannot afford to sit on their holdings for too long without being able to liquidating some of these assets.

Majority of the settlers are in Pahang. I don't believe the Najib & the Pahang govt are prepared to write-off Razak"s legacy with an election coming up soon. UMNO will be the biggest loser.

The way I read the current sales at 1.30 is that most of the sales are from the same institution (right hand selling to left hand) selling and buying at 1.30 to create the impression that retailers are selling. Why would anyone sell at that price and incur broking charges instead of accepting the takeover offer without cost.

up 14% in 2 days. Something is cooking.

There is no assumptions. For Felda to be taking over FGV the turnover will have to be in the 100 millions, like Iris or Top Glove a day.Stop listening to all these institutions' news, who have an ulterior motive in a hidden agenda. When I see 2 days of 100 million shares turnover then I might believe it is going to happen. Sorry if you get offended. I think they are just trying to con us all without giving a higher offer by releasing these unverified news.

piranha88
Stop making sweeping statements like that. Post the link. If you want to accept go ahead don't try and convince us all. Impossible for them to pick up 290 million shares in 3 days.

Judge sentences Isa Samad to six years’ imprisonment, RM15.45m fine.
https://www.malaymail.com/news/malaysia/2021/02/03/judge-sentences-isa-samad-to-six-years-imprisonment-rm15.45m-fine/1946516.

Former Felda Chairman Isa Samad found guilty of RM3m corruption charges.
https://www.theedgemarkets.com/article/former-felda-chairman-isa-samad-found-guilty-rm3m-corruption-charges
About time they show FGV that you can't go around siphoning our money. Throw the book at them!

I think everybody Is waiting for the market reaction to the verdict on TS Isa Samad tomorrow. Might have some implications.

DON"T SELL. Felda need another 6.24% or 290.22 million more shares to be able to get past the 75% mark. There are only 54 million buy orders at 1.30 at close of Friday. Assuming all 54 million are bought by Felda that will only get them to below 70%. They need 57.67 million to even touch 70%.

Santa never got to Mtouche, flew straight past.

Watch out for classic BOTAK pump

Another tomorrow? Oh no Monday!

36M plus buy block at 0.075.

KUALA LUMPUR (Dec 10): KUB Malaysia Bhd (KUB) said the fulfilment of the conditions under the Sale and Purchase Agreement (SPA) signed between its indirect wholly-owned subsidiary, KUB Agro Holdings Sdn Bhd, and Beradin Plantation Sdn Bhd has been extended by 30 days until Jan 8, 2021.

Under the SPA made on June 10, 2020, KUB Agro Holdings had proposed to dispose of two oil palm estates in Kluang, Johor to Beradin Plantation for RM158 million cash.

"The compliance period for the fulfilment of the conditions precedent under the SPA made between KUB Agro Holdings and Beradin Plantation has been extended by 30 days until Jan 8, 2021," said CIMB Investment Bank Bhd in a filing to Bursa Malaysia, on behalf of KUB.

"Save for the above, all other terms of the SPA remain unchanged," it said.

https://www.theedgemarkets.com/article/kub-indirect-unit-gets-extension-proposed-disposal-oil-palm-estates

TOMORROW?

That looks like hammer in the charts, rejection of lower price, bullish

DarkSamurai. The trouble with this counter is if you sell and hope to buy back again, you will never get on. The queue for the buy is always over the 30M, unless you have been sitting on the queue for a couple of weeks. The only way to buy is to take out the sellers.

The last time I look at the QTR results (sept) it wasn't looking that good. Revenue, Profit before tax, Profit after tax, all went backwards .Look up Bursa.

The management of this coy is not up to std. You have to be quick if you want to sign a distribution agreement By the time they wake up all of them would have already sign an agreement.

You will be "SKINNED" bald like the last time. BOTAK playing games.

No connection between HSR and Ekovest. Deal not sign yet.

Double the volume and he will start to grow hair.

Mana Joh?

presbhd due for a retracement