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2019-03-26 15:45 | Report Abuse
Fgv owns more then 51% shares n is listed Co n so fgv decides as govened by Bursa rules.
As for LLA we must read d agreement first to comment
2019-03-26 15:36 | Report Abuse
Ok let anybody decide....... Do they have the money to pay
2019-03-26 15:32 | Report Abuse
state governments under the Land Settlement Act 1960, of which 479,765ha went to smallholders. The remaining 355,000ha of oil palm estates were managed by its former subsidiary Felda Holdings Bhd (FHB), and injected into FGV on a 99-year lease when the latter went public in 2012.
FGV was supposed to be the jewel in Felda’s crown when it was listed on Bursa in what was then trumpeted as the world’s second largest initial public offering (IPO) after social media giant Facebook.
Since Felda listed FGV in 2012, its shares have fallen about 62% from the IPO price of RM4.55. Its 2012 listing raised RM10.5 bil.
FGV has a land-lease agreement (LLA) with its parent company which it signed in 2012. It states that FGV has to pay Felda RM248 mil annually for 20 years, plus a 15% share of operating profit from the sales of fresh fruit bunches gained from the land leased from Felda.
FGV has reportedly tried to improve the terms of the LLA, which has been a drag on earnings since it was listed in 2012. However, the terms and conditions of the agreement remain till now. FGV pays the LLA fees on a quarterly basis.
2019-03-26 15:25 | Report Abuse
1.You must read what is stated in the LLA which is kegally binding. Before fgv start the buisness n go into listing LLA is very important, what if suddenly felda ask for the land so all are legally coverred.
2.Privatisation price have to be decided by fgv n fgv got their own land n mills
3. Very complex n to be sure of what u write, do u read all the media news
2019-03-26 15:13 | Report Abuse
Felda land was leased to fgv for 99 years under the LLA n conditions attached to it........
If for any reason felda takes back the land before completing the 99 years then felda have to pay d penalty may run into billions which i read in the edge a couple of years ago....
Privatisation price have to be fixed by fgv n do they have the cash
Fgv cannot survive with 17 mt yield so lets wait for white paper by Azmin
2019-03-26 14:16 | Report Abuse
1. Fgv land belong to felda under LLA
2. If privatised felda have to pay billions to fgv for taking back the land n felda got no money. Those felda settlers share holders owning fgv shares have been settled by felda investmebt cooperative
3.If at all privatised I see about 1.50 u can keep increasing the price n felda have to pay for it n in this case both fgv n felda dont have money
4.Fgv yield only 17mt n to stay in buisness must 23 mt hence fgv is worst then 1MDB
2019-03-08 12:36 | Report Abuse
75 must break n the next target 97..............Raya coming so 97 also coming
2019-03-04 13:21 | Report Abuse
NTA belongs to felda, all the land belongs to felda
MAS paid 30cts to privatise
If they privatise n pay "something" u can laugh if they delist u get "0" as for felda share holders they have taken off via FIC so they wont cry.....
2019-03-03 11:33 | Report Abuse
Mohdabd..... if managers can intensify their field supervision, 8 hrs of supervision/day, easily present yield of 17 mt can be increased to at least 19 mt n problem is solved.
2mt of fruit x 1,000,000 hectares = 2,000,0000 of fruits @ RM600/mt/fruit = RM1.2 bln so your long writeup hold no water so please dont waste your time, i am to tell managers never go to field which i was seing in my 30 yrs with GLC
2019-03-03 11:24 | Report Abuse
Oil palm plantation need very hardworking field going comitted managers which both Fgv/S.... dont have becoz of GLC policies, both fgv/S... having 1 million hectares n unable to give results, ask IOI to manage n problem solved
2019-03-03 11:19 | Report Abuse
1. Why both Fgv&Sime declared losses n start d blame game of low oil price n impairment losses
2.Last FY Sime sold assets to pay dividend
3.To stayput in oil palm industry, must get a yield of atleast 23mt/fruit/ha/annum n their present yield only 17mt
4.They talk of replanting to incrase yield, how sure are we that they can get a yield of 23 mt after 5 yrs of replanting as the same kind of ppl r involved
5.Fgv cannot survive n the only word is privatisation n same goes to Sime
6. All of u are wasting your time here
2019-02-26 21:23 | Report Abuse
Major share holders cum directors selling shares to rectify its margin positiin
2019-02-19 15:31 | Report Abuse
The Aramco-Petronas alliance was sealed during Saudi King Salman bin Abdulaziz Al Saud’s visit to Malaysia in 2017 and next Monday, the Crown Prince and Prime Minister Tun Dr Mahathir Mohamad are scheduled to jointly inaugurate the Refinery & Petrochemical Complex of Pengerang Refining and Petrochemical (PRefChem) in Kuala Lumpur.
Aramco is reported to be the most valuable company in the world and has a market value of between US$2 trillion and US$10 trillion.
2018-12-05 18:31 | Report Abuse
FGV is a total washout which i have telling day one. For sure fgv have to be privatised
2018-11-16 12:38 | Report Abuse
When MUI going to sell assets
2018-11-07 11:15 | Report Abuse
Perak Transit terminal on track
http://www.thestar.com.my/business/business-news/2018/11/07/perak-transit-terminal-on-track/
Mjperak got land in this area or not ?.......
2018-10-27 21:00 | Report Abuse
If positive budget then Klci up so Gamuda positive
2018-10-27 20:59 | Report Abuse
Budget 2019 to place Malaysia on stronger footing, says Dr M
http://www.thestar.com.my/news/nation/2018/10/27/budget-2019-to-place-malaysia-on-stronger-footing-says-dr-m/
2018-10-27 14:41 | Report Abuse
24/10: Cimb Equities Research gave a target price of 2.18
26/10: Within 2 days Gamuda highest traded price was 2.58
27/10: TP by Aminvest 2.71
These investment writers must hv some degree of professionalism when they write instead of frightening n chasing many investors away n quietly fund managers buy n make huge commission to retain their post n also make big money. I belief Security Comission should take action on these culprits
2018-10-17 16:47 | Report Abuse
Termination of MMC-Gamuda MRT2 contract a Cabinet decision, says Guan Eng
http://www.thestar.com.my/news/nation/2018/10/17/termination-of-mmc-gamuda-mrt2-contract-a-cabinet-decision/
2018-10-13 19:52 | Report Abuse
probablity : only non malays income tax goes to govt coffers while muslim income tax goes to Zakat
Govt servants gets all kind of benefits inclusive pension while private sector who slog for the country gets nothing
2018-10-11 20:25 | Report Abuse
http://www.thesundaily.my/news/2018/10/11/gamuda-mmc’s-share-price-rebound-hopes-convincing-govt
Stock: [FGV]: FGV HOLDINGS BERHAD
2019-03-26 16:45 | Report Abuse
Delisting means u get nothing n forever share holder