"Maybank IB said if FGV and the PACs succeed in controlling at least 90% of FGV shares, trading in the counter will be suspended upon expiry of five market days from the offer closing date."
Wow now they are saying 90%. I remember they keep hammering the magic number of 75% to delist the counter.

Where is mickeymouse with his fear mongering rant today?

So price is inching higher than the offer price.

Mikecyc will you say Felda settlers who bought the shares at RM4 plus a conman too? People deserve to get better price than what is being offered now. And I believe the fair price of FGV share is way above RM1.30 based on fundamental and palm oil price.

Holding my shares. Don't believe what the media said. Gamestop Malaysia style!

No user here can remove any post. My post was once automatically removed because I mentioned banned word like $tu...id etc.

News being recycled again to suppress the stock and scare holders to sell their shares.

Remember the Great Reset agenda will limit food production with their rules and regulation for the Green Technology etc. FGV with land and food crops expertise stands to gain from this.

So someone bought the share at RM1.32. Yet Maybank and all advise us to sell the shares at RM1.30. Something rotten.

I think this bank got commissions by recommending ppl to sell their FGV shares.

test

https://www.bernama.com/en/business/news.php?id=1926962

In a separate statement, Maybank Investment Bank Bhd notified that the closing time and date for the shareholders to accept the unconditional mandatory takeover offer has been extended to Feb 16, 2021 at 5 pm, from Feb 2 at 5 pm.

Maybank IB is the principal adviser to FELDA for the offer document.

On Dec 8, Felda proposed to launch the takeover offer after acquiring 222.48 million FGV shares (6.1% stake) held by KWAP and 283.71 million FGV shares (7.78% stake) held by Urusharta Jamaah Sdn Bhd for RM658 million cash.

As at Jan 29, Felda and persons acting in concert held 68.76 per cent stake in FGV.

Today first time closed above the offer price. So impressive. A sign that Felda's plan is failing.

Has it been confirmed yet of the aborted privatization plan? Can't find any news.

https://www.utusan.com.my/berita/2021/01/jual-saham-fgv-peneroka-keliru/

Sementara itu, Pengerusi Dewan Perniagaan Bumiputera Felda (DPBF) Pahang, Muzammil Mualif bersetuju dengan pandangan Presiden Alumni Majlis Belia Felda Malaysia (AMBFM), Datuk Abdullah Abu Bakar supaya peneroka tidak menjual saham mereka.

Katanya, ia selari dengan penegasan pemimpin dan pegawai tertinggi Felda sebelum ini yang mengingatkan peneroka supaya jangan berbuat demikian.

Crazy what is happening in the US on the GME issue. I hope the effect will spill over to Msia and FGV stock that people revolting to these investment banks that recommended accepting the low offer. Already Felda settlers are confused with conflicting advises given to them like government parties advise them to accept while NGOs etc advise them not too.

I am motivated what is happening to Gamestop shares in the US. How the little guys fight back against the elite wallstreet. Hope FGV small investors can take a lesson from this debacle. DO NOT SELL OUR FGV SHARES!

Tell me why Felda wants to delist FGV while WSJ is very optimistic of palm oil?

https://www.wsj.com/articles/palm-oil-is-looking-like-a-hands-down-winner-11611225004?mod=searchresults_pos1&page=1

The price of palm oil, used in products from chocolate to toothpaste, is near a decade high and likely to climb further.

In Malaysia and Indonesia, sources of roughly 84% of the world’s palm oil, labor shortages caused by the coronavirus pandemic have reduced production, while major consumers China and India are buying more for cooking and manufacturing. Malaysian stockpiles are at their lowest levels in years.

I doubt they will even get 75% at RM1.30.

today also hit RM1.31. Who would buy RM1.31 if not they believe the price will fetch higher later?

So yesterday RM1.31 was the highest price, 1 sen higher than the proposed RM1.30 offer price by Felda. I don't think the FGV takeover is successful. What do you all think?

Former FGV President and CEO said the fair price should be RM1.70-RM1.80.

https://www.bharian.com.my/bisnes/korporat/2021/01/777391/implikasi-fgv-jadi-syarikat-persendirian-wajar-dipertimbang

Bekas Presiden dan Ketua Pegawai Eksekutif Kumpulan FGV, Datuk Zakaria Arshad, berkata FELDA perlu berlaku adil kepada FGV dan pengurusannya, memandangkan mereka sudah mengambil pelbagai langkah untuk memperbaiki kedudukan kewangan syarikat perladangan itu.

Justeru, katanya, FELDA sepatutnya menggunakan jangkaan perolehan akan datang atau 'future earning' bagi mengira harga tawaran berbanding tawarannya untuk menjadikan FGV syarikat persendirian iaitu RM1.30 sesaham.

Katanya, ia berdasarkan andaian FGV mencapai keuntungan antara RM500 juta hingga RM600 juta tahun lalu dan nisbah harga pendapatan (PE) 20, dengan nilai tawaran sepatutnya sekitar RM1.70 hingga RM1.80 sesaham.

@mikeazk my remisier told me that after Jan 20 the share will be still traded. Only after Felda gets 75% of the shares, and announce the date to delist FGV. My opinion also don't accept.

What is happening? Any good news about this counter? Suddenly spike.

TH Urusharta Jamaah can dispose of their shares. But they will also be given new OR shares and Warrant. If they exercise that they will become significant shareholder again.

The law is good actually. Keep the law Mat Sabu.

Agree with you Fortune Bull. Anwar will be sideline again. I predict Azmin to be the next PM.

http://www.theedgemarkets.com/article/stock-momentum-scomi-group-1

Red Bean Army and Mahathir's macai detected here.

Is Scomi still a good buy?

This is just a misleading headline by TMI. Actually BNM has issued another press release to say that TH has been doing a corrective measure. Sorry to all who can't invest in TH. Don't be jealous we can get higher dividend.

stupid ppl always politicize everything

Is it true that the Sugar King will partner with FGV to buy PT Eagle?

http://www.mybursa.news/2015/11/17/robert-kuoks-wilmar-had-secret-meeting-with-felda-in-hong-kong/

Kuala Lumpur : Sugar King Robert Hock Nien, the richest man in South East Asia with a fortune exceeding US$10 billion, might partner Felda Global Ventures Bhd to acquire planter PT Eagle from the Rajawali Group.
Originally, Felda had gone in solo to acquire a 37 per cent stake in PT Eagle for US$680 million.
Felda is in midst of completing the stress test on the Rajawali asset, and is belived to be seekind to shave off some US$100 million from the original purchase price.
Robert Kuok’s Wilmar Group, MyBursa was told has held atleast two meetings with Felda in Hong Kong to explore its potential role in the deal, which will be largely funded by Standard Chartered Bank.

I think it is more to do with TPP.

go go fgv

Will FGV gain from TPPA?

How high can this counter go?

This company should benefit from weakening Ringgit.

Buy this before November comes.

Is this company still has hope at all?

Good morning people! Love you all!

I mean could be of something else. May be the acquisition of Eagle High Plantation or disposal of FGV units overseas.

It could not be because of ValueCap because it is just announced. Could be for something else.

If their revenue is in US dollar their services and products would become more expensive, right?

How so Scomi is benefiting from the strengthening of US dollar?

It is good time to sell now I guess because dollar is strong now.

Because RM was down during those months due to perception that Fitch will downgrade Malaysia. Now everything is clear expect Ringgit to climb and hopefully we can have cheap oil next month.

KUALA LUMPUR, July 1 (Reuters) - Fitch maintained Malaysia's
long-term foreign currency issuer default rating (IDR) at A- and
local currency at A, with outlook revised to stable from
negative previously.
Fitch said in a statement that Malaysia's fiscal finances
have improved and views progress on the Goods and Services Tax
(GST) and fuel subsidy reform as supportive of the fiscal
finances.

Sondakh has rebutted allegations that the deal is over-priced stating that shares in Eagle High Plantations were hard to come by and Indonesian plantation companies were not easy to acquire.

The tycoon also denied suggestions that his close relationship with Prime Minister Datuk Seri Najib Tun Razak had helped him with his business ventures in Malaysia.

The Rajawali Group owns the Westin Langkawi Resort and Spa, which it acquired through a tender in 2005. The group also owns the Sheraton Imperial hotel in Kuala Lumpur, which it bought from a local bank.

“Yes, we are friends,” Sondakh said when asked about his relationship with Najib.

The 63-year old billionaire rattled a list of leaders including former US President Bill Clinton and former British Prime Minister John Major that he knew.

“I also know Warren Buffett ,” he said. “I go around in government missions... and so yes I do know Najib. What’s wrong with that?”