Posted by Barbarian > 2014-05-07 19:56 | Report Abuse

If price goes up, Fic would also be getting their cut if MGO, they have to cough out a large sum than use market money. Timing not so good for them at this point.

Posted by Bill71 > 2014-05-07 20:54 | Report Abuse

Agreed with all of you, is a win win, Encorp stay listed, share price shoot up, etc...... today I keep on buying warrant at 0.645, 0.65, 0.68. Very confident with the future. Thanks all especially to OTB & Icon8888. :) Tomorrow will buy more warrant if the price stay around 0.65.

Posted by dalpinia > 2014-05-07 21:53 | Report Abuse

Strongly reject FIC

Posted by dalpinia > 2014-05-07 21:55 | Report Abuse

If FIC sucessfully acquire encorp then no hope for klse anymore. Then all of small fishes like may cash out all the money, dont invest in bursa anymore.

Posted by dalpinia > 2014-05-07 21:56 | Report Abuse

We all must stand strong dont sell your share, say no to FIC. Very unfair offer price. Also dont buy any FGV share.....

Posted by Barbarian > 2014-05-07 21:59 | Report Abuse

Honestly FIC doesn't have anything in this game of Property and Managemnt in my opinion. Wht they will offer I is something like PNB. If PNB becomes a REIT later this may be the direction.

Posted by Ooi Teik Bee > 2014-05-07 22:02 | Report Abuse

Posted by dalpinia > May 7, 2014 09:56 PM | Report Abuse

We all must stand strong dont sell your share, say no to FIC. Very unfair offer price. Also dont buy any FGV share.....

Ans : I am sorry to say that you do not understand MBO. Felda can make any offer, you have your right not to sell. As long as Encorp is listed in Bursa, this MGO has no effect.
Ekovert also made a MGO to Tebrau at 0.75, no one sell his/her share to Ekovert. Tebrau is still listed, the share price is 1.33 today.
Thank you.

Posted by kakijudi > 2014-05-07 22:06 | Report Abuse

Felda has no intention to privatise encorp. Don't worry. They want a listed property entity for the branding if they were to develop in the future. This is a MANDATORY GO, so they have no choice but to come up with a price. They set the price at 1.55 because they know people would not accept thus not having to privatise it. If they really want to privatise they will launch the GO at 2.20

Posted by dalpinia > 2014-05-07 22:07 | Report Abuse

Good....my main point....dont selll. Keep it tightly

Posted by Barbarian > 2014-05-07 22:18 | Report Abuse

I think they will try to use the "Creeping Rule" here...

Posted by Barbarian > 2014-05-07 22:22 | Report Abuse

With the rule, the 90% margin of balance , in this case is 50% voting right (our right) will diminish by % however my question is the validity of the offer...? 6mths?

Posted by Barbarian > 2014-05-07 22:30 | Report Abuse

The other way I can think off if they can't buy out right in terms of % to meet the majority in this case 90%, do it reverse and we will know if FIC really wants to take Encorp private. Do a VGO with a target price offer

Posted by Joel > 2014-05-08 14:50 | Report Abuse

Good News for Encorp in future !!!

Posted by speakup > 2014-05-08 14:51 | Report Abuse

Felda should just focus on its plantations. It's diversifying too much. No wonder it's plantation unit not doing well.

Posted by speakup > 2014-05-08 14:52 | Report Abuse

Felda - jack of all trades, master of none

Posted by Icon8888 > 2014-05-08 15:02 | Report Abuse

Interesting. Different people interprete information and events differently

Posted by Joel > 2014-05-08 15:46 | Report Abuse

My remisier adviced to Buy in for me.

Posted by Ring > 2014-05-08 15:48 | Report Abuse

Felda should ensure their field managers spent daily 8 hrs in the oil palm estates n try to increase the present yield which is about 19mt n increase it to more then 22mt which should be their top priority. When i was working with the "mat salleh" in the late 60s' he spends all his time in the field which is not case now. He says his eyes must fall on every palm when the fertiliser are applied to ensure optimum yield. Lets talk common sense, you have plant in the pot u have to put the right amount of fertiliser to get the flower otherwise the plant will die, get stunt or no flowers. Oil palm plantation is Labour intensive n have to be supervised. They should concentrate in the fields. UP have even given more then 100% dividend n their shares trading between 25-28 ringgit. Surely they don't have two horns but are committed. The poor settlers are depending on the dividend for their survival. The top men should be young professionals not allow old politicians who have no strength to walk n turning senile. The top personnel should visit the estates often not for the so called meetings instead should walk in the field n see the developments for themselves.They should avoid breakfast like "nasi lemak" instead should take western breakfast like, half boiled eggs, bread with cheese, butter n milk plus some vitamin supplements so that you have the strength to walk. "Night activities have to go on n the stock must be replenished"In my case no so bad i have one to take care while some having more then one so no strength lah. I know of a company that if the manger becomes a diabetic he is given 3 months notice, reason no strength to walk in the field for 8 hours. I am trying to use this forum to get the message across...thanks for reading.

Posted by speakup > 2014-05-08 15:50 | Report Abuse

Ring, i agree 1000% with you. Felda must focus and not lose focus.

Posted by Joel > 2014-05-08 16:15 | Report Abuse

So, Ring. Encorp worth to buy in or not now ?

Posted by ruslimz > 2014-05-08 16:33 | Report Abuse

This is what I understand about MGO......correct me If I am wrong......
When Felda owns more than 33% of encorp , it is mandatory for felda to offer MGO to encorp remaining shareholders. It is only mandatory to offer..up to you to accept or not. Now felda owns about 50%. so the offer is coming. If after the offer total acceptance and felda owned shares become 70% or more then general offer become conditional meaning you have choice to sell or not.But if total acceptance and felda owned become 90% or more the GO become Unconditional..meaning you have no choice to sell to felda......conclusion..if total acceptance + felda is less than 70%, GO will be aborted..encorp still listed..if acceptance + felda is more 70% but less than 90% , than it is you choice but encorp still listed....more than 90% you have to surrender and encorp delisted.....

Posted by Ooi Teik Bee > 2014-05-08 18:32 |

Post removed.Why?

Posted by Barbarian > 2014-05-08 18:36 | Report Abuse

Kekeke OTB is the best.....

Posted by wtclau > 2014-05-08 18:54 | Report Abuse

Mr Otb, your explanation make sense.

Posted by Ooi Teik Bee > 2014-05-08 18:57 | Report Abuse

If my aforesaid assumption is correct, I will not buy Encorp. I will buy Encorp-WA instead because WA is selling at a low price and a gearing of 2.26. Encorp-WA is value for money.
Final decision is yours.
Please also read the below link :
http://klse.i3investor.com/servlets/forum/800001789.jsp
Thank you.

Posted by ruslimz > 2014-05-08 19:01 | Report Abuse

yes ....from the price offered at 1.55......delisting of Encorp is not going to happened.....

Posted by Joel > 2014-05-08 19:05 | Report Abuse

Encorp to expedite Felda's property foray

May 8, 2014 - PropertyGuru.com.my
Felda Investment Corp’s (FIC) controlling stake in Encorp will speed up the former’s plan to venture into property development, monetising its huge swathes of valuable landbank in major cities across Malaysia.

“To expedite the plan, we needed a vehicle, and after some studying, we thought that Encorp was a good platform for us to execute that plan,” CEO Mohd Zaid Abdul Jalil told StarBiz.

On Tuesday, the Federal Land Development Authority’s (Felda) investment division acquired a 49.45 percent stake in Encorp for RM239.72 million.

While Encorp has a good track record in the industry, FIC will need to bring in its own management team due to the impending departure of high-level officials at the said company. According to insiders, Encorp’s current CEO will soon resign, but COO Mohd Ibrahim has decided to stay.

Although he refused to specifically name the assets, Mohd Zaid revealed that a combination of FIC’s hospitality assets and undeveloped land would be placed into Encorp.

“Our priority now is to go through with the mandatory general offer. Then, we will look back at our plans and see when it is a good time to inject what asset into Encorp.”

Foo Gee Jen, Managing Director at C H Williams, Talhar & Wong (WTW), commented that FIC’s acquisition will expedite its foray into the real estate sector.

“Generally, for entities like Felda with large land banks, it may take years to grow organically into a property player to unlock land value. The only way to move faster is through joint ventures or mergers and acquisitions.”

Another expert added that this is a good move despite the challenging market.

“Even though the property market is expected to be a bit soft in the short term, the timing does not really matter because this will benefit FIC and Felda in the bigger picture.”

Posted by Joel > 2014-05-08 19:10 | Report Abuse

Ooi Teck Bee,...Now I know,

No wonder my remiiser asked me to buy to keep in future for Encorp last week !!!

Posted by tonylim > 2014-05-09 01:17 | Report Abuse

Hi ruslimz, you are here. Yes correct.
Remember bandaraya, also got 2 warrants, went into compulsory acquisition ie 90% took up their offers

Posted by ruslimz > May 8, 2014 04:33 PM | Report Abuse

This is what I understand about MGO......correct me If I am wrong......
When Felda owns more than 33% of encorp , it is mandatory for felda to offer MGO to encorp remaining shareholders. It is only mandatory to offer..up to you to accept or not. Now felda owns about 50%. so the offer is coming. If after the offer total acceptance and felda owned shares become 70% or more then general offer become conditional meaning you have choice to sell or not.But if total acceptance and felda owned become 90% or more the GO become Unconditional..meaning you have no choice to sell to felda......conclusion..if total acceptance + felda is less than 70%, GO will be aborted..encorp still listed..if acceptance + felda is more 70% but less than 90% , than it is you choice but encorp still listed....more than 90% you have to surrender and encorp delisted.....

Posted by tonylim > 2014-05-09 10:53 | Report Abuse

Watch closely

Posted by ruslimz > 2014-05-09 12:12 | Report Abuse

Hai Tony...how are you Sir.....what is your target.....now I am with sona.....

Posted by bracoli > 2014-05-09 12:43 | Report Abuse

Sifu kungfu tonylim, how r u

Posted by abin > 2014-05-09 14:45 | Report Abuse

am holiding this for long term

Posted by tonylim > 2014-05-09 14:56 | Report Abuse

tj pipo pipo

Posted by Icon8888 > 2014-05-09 14:56 | Report Abuse

Looked like will breach 1.55 today

Posted by tonylim > 2014-05-09 14:58 | Report Abuse

lai lai lai, kekeke

Posted by tonylim > 2014-05-09 14:59 | Report Abuse

dsonic euphoria is back. lead the pack

Posted by Icon8888 > 2014-05-09 15:19 | Report Abuse

157 !!!!!!!!

Posted by Icon8888 > 2014-05-09 15:20 | Report Abuse

162 !!!!!!!!

Posted by Barbarian > 2014-05-09 15:21 | Report Abuse

Haut arrrr

Posted by Icon8888 > 2014-05-09 15:21 | Report Abuse

Wa ha ha ha ha ha

Posted by bktay123 > 2014-05-09 15:33 | Report Abuse

encorp 1.65

Posted by Joel > 2014-05-09 15:45 | Report Abuse

Buy !!!

Posted by Joel > 2014-05-09 15:45 | Report Abuse

Toward rm1.70 today !!!

Posted by Joel > 2014-05-09 16:19 | Report Abuse

My remisier told me last week , TP will reach Rm1.80 soon !!!

Posted by Joel > 2014-05-09 16:20 | Report Abuse

Dun profit taking first.

Posted by kakijudi > 2014-05-09 17:02 | Report Abuse

who want to take profit quickly take. so stronger hands will come in. flush out all the weak holders.

Posted by rchi > 2014-05-09 18:21 | Report Abuse

something big is coming,with felda involvement and no shortage of land for property development...at the current pr,there is only one direction for this stock to move.

Posted by rchi > 2014-05-09 18:34 | Report Abuse

give us 2.0 first,then later........hahaha.

Posted by Joel > 2014-05-09 21:46 | Report Abuse

My remisier adviced me to keep.
Encorp will go up exceed RM2.00 for sure.
A lot of insiders ppls already taken Encorp shares b4 Felda anounced to
buy Encorp's share, I tell u, bro sis. These is true. Trust me.