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41,969 comment(s). Last comment by Mikecyc at Dec 3, 2020 5:54 AM
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mf
23535 posts

Posted by mf > Oct 28, 2020 9:31 PM | Report Abuse

Dow Jones 26,934.529 -528.66 1.92%


ming
1568 posts

Posted by ming > Oct 28, 2020 10:13 PM | Report Abuse

https://www.bharian.com.my/berita/nasional/2020/10/747351/sukuk-rm99-bilion-untuk-laksana-pelan-pemulihan-felda

Suku 9.9 b, prepare money liao


Jeffreyteck
3730 posts

Posted by Jeffreyteck > Oct 28, 2020 11:15 PM | Report Abuse

Yummy, another round of festival with 9.9 b for those who dare and with power.


ming
1568 posts

Posted by ming > Oct 28, 2020 11:22 PM | Report Abuse

But cpo price so nice now.. hmmm


Mabel
10460 posts

Posted by Mabel > Oct 29, 2020 12:22 AM | Report Abuse

Datuk Sri Mustapa Mohamed, Minister in Prime Minister Department (Economy), announced that the Cabinet has agreed to the recommendation for the termination of Felda’s LLA with FGV.

It is understood that in the event the LLA is terminated, FGV’s compensation would be calculated based on the average profit per mature hectare for the entire leased land (based on its latest audited financial statements at the point of notice) multiplied by the loss of FGV’s future profits.

FGV will be compensated for 10 years in future profits if the LLA is terminated less than eight years from the last replanting, and five years of future profits if the agreement is terminated more than eight years from the land’s last replanting.

Felda is also obligated to take over the employment of relevant plantation staff with the same employment terms or better than what was offered previously if the LLA is terminated.

Coincidently, about two weeks ago, FGV received an expression of interest from Perspective Land (M) Sdn Bhd (PLSB), which is wholly owned by Tan Sri Syed Mokhtar Albukhary’s privately-held Restu Jernih Sdn Bhd,

According to FGV's filing with the stock exchange, PLSB intends to participate in FGV via an injection of plantation assets in exchange for shares. PLSB owns the Tradewinds group of companies, which include Tradewinds Plantation Bhd and Central Sugars Refinery Sdn Bhd, which are in the same businesses FGV is involved in.

The timing seems opportune for the tycoon, as crude palm oil prices have recovered from their trough in May. The commodity's three-month futures price has climbed from a low of RM1,962 in May to above RM2,800-level.

https://www.theedgemarkets.com/article/fgv-transition-after-termination-land-lease-agreement-felda

Meow


Mabel
10460 posts

Posted by Mabel > Oct 29, 2020 12:38 AM | Report Abuse

https://www.bharian.com.my/berita/nasional/2020/10/747351/sukuk-rm99-bilion-untuk-laksana-pelan-pemulihan-felda

This means..

1. Felda now has the funding to pay FGV
2. Compensation which can go as high as RM4.3 Bil to RM7 bil (or RM1.1 to RM1.90 per share)
3. Land injection by PLSB which will increase FGV’s landbank size to 212,170 hectares.
4. Potential downstream activities that can help FGV.

Win Win situation for both parties

No more financial burden that drag FGV's bottom line. Soon FGV will register stronger profit on back the strong price of commodity which is above RM 2800 level.

Meow


ming
1568 posts

Posted by ming > Oct 29, 2020 2:03 AM | Report Abuse

Why not felda jz takeover fgv..


Mabel
10460 posts

Posted by Mabel > Oct 29, 2020 7:06 AM | Report Abuse

@ming Why not felda jz takeover fgv..
29/10/2020 2:03 AM

FELDA is under MOF not really a business entity while FGV is a business entity. Felda is under PM Office. Now under Datuk Sri Mustapa Mohamed, Minister in Prime Minister Department (Economy). That's why he is now making the statements

It's the more or less about the same reason why Air Asia cannot take over or merge with AAX since it involve two legal entity and licence setup.

Meow


strattegist
10879 posts

Posted by strattegist > Oct 29, 2020 8:43 AM | Report Abuse

public holiday...relax


Mabel
10460 posts

Posted by Mabel > Oct 29, 2020 9:47 AM | Report Abuse

@strattegist public holiday...relax
29/10/2020 8:43 AM

Relax?

I'm actually has started counting my money oledi ...

This time thinking whether to laugh all the way to my Maybank, my Public Bank or my CMIB...

Hihihi....

Meow


Flyinghorse
2887 posts

Posted by Flyinghorse > Oct 29, 2020 9:55 AM | Report Abuse

https://www.thestar.com.my/business/business-news/2020/10/28/fgv-triang-biogas-plant-to-generate-rm5m-revenue-a-year


jk20598
90 posts

Posted by jk20598 > Oct 29, 2020 11:18 AM | Report Abuse

It is no coincidence that Syed Mokhtar's move to take on fgv came at the perfect timing When the Government cancels the Felda LLA.He probably is the suitor arranged by the Government to fill up the plantation vacuum created by the LLA cancellation.His co. Tradewind Bhd used to make 480m year 2010,share price 8 to 10.He is an expert in fgv trade n fgv will really fly from now on.


Shawalrich87
566 posts

Posted by Shawalrich87 > Oct 29, 2020 11:52 AM | Report Abuse

I will hold my share in fgv for long term, waiting it to appreciate..


Shawalrich87
566 posts

Posted by Shawalrich87 > Oct 29, 2020 11:52 AM | Report Abuse

Hold more than 5 years


Mabel
10460 posts

Posted by Mabel > Oct 29, 2020 12:14 PM | Report Abuse

Me too..

Meow Meow Meow


petnch2020
8 posts

Posted by petnch2020 > Oct 29, 2020 1:23 PM | Report Abuse

Just some question: If Syed Mokhtar inject his asset and he will get FGV shares in return. If the amount exceeds the 33% he needs to the a General Offer right to the minorities?

I know the long term story of FGV after LLA is actually bright (Cash + Syed Mokhtar = profitable company), but just want to know if there is any short term play here for us. ;).... anyone in corporate finance can advice?


Mabel
10460 posts

Posted by Mabel > Oct 29, 2020 3:14 PM | Report Abuse

@petnch2020 Just some question: If Syed Mokhtar inject his asset and he will get FGV shares in return. If the amount exceeds the 33% he needs to the a General Offer right to the minorities?

29/10/2020 1:23 PM

Meow petnch2020 !

If he gets 33% then, Mabel thinks he must make mandatory general offer. Unless SC exempts.

International Bar Association ( Msia), the Trigger Points are

A bidder triggers the obligation to extend a mandatory offer to acquire all the shares of the target company which he or persons acting in concert with him do not, already own if:

 the bidder, together with persons acting in concert with him, acquires more than 33% of a company; or

 the bidder, together with persons acting in concert with him, holds between 33% and 50% of the voting shares or voting rights, and acquires more than 2% of the voting shares or voting rights in any period of 6 months.

There are two other instances where a mandatory offer is required to be made: acquisition of upstream company and acquisition of between 20% and up to 33%.

Here are the Shareholdings

Name Equities %
Government of Malaysia 775,029,800 21.2%
Felda Asset Holdings Co. Sdn. Bhd. 452,921,192 12.4%
Urusharta Jamaah Sdn. Bhd. 292,919,700 8.03%
Kumpulan Wang Persaraan 220,959,300 6.06%
Koperasi Permodalan Felda Malaysia Bhd. 185,340,508 5.08%
State of Pahang 182,407,575 5.00%
State of Sabah 148,545,055 4.07%
Employees Provident Fund 123,427,700 3.38%
The Vanguard Group, Inc. 61,089,307 1.67%
Lembaga Tabung Angkatan Tentera 45,593,900 1.25%

Do you think Syed Mokhtar has more than 33%?

Meow


ming
1568 posts

Posted by ming > Oct 29, 2020 3:23 PM | Report Abuse

https://www.klsescreener.com/v2/news/view/746429

Paying 3.5b to 4.3b.. almost can buy over whole fgv liao..

Felda is crazy now


ming
1568 posts

Posted by ming > Oct 29, 2020 3:23 PM | Report Abuse

Or mayb they purposely wan cash out for election fund?


Flyinghorse
2887 posts

Posted by Flyinghorse > Oct 29, 2020 3:26 PM | Report Abuse

https://www.theedgemarkets.com/article/fgv-expects-compensation-lla-termination-be-between-rm35b-and-rm43b%C2%A0


Mabel
10460 posts

Posted by Mabel > Oct 29, 2020 4:32 PM | Report Abuse

Still very good compensation..

Imagine this is happening during pandemic time.

Meow Meow Meow


Mabel
10460 posts

Posted by Mabel > Oct 29, 2020 4:33 PM | Report Abuse

Thank you Flyinghorse.

I guess all of us will be flying soon..

Meow


dam82
1645 posts

Posted by dam82 > Oct 29, 2020 7:31 PM | Report Abuse

its as good as FGV Getting money from IPO imagine what they can do with 4b Minimum .... cash rich company lor ...


8888_
1987 posts

Posted by 8888_ > Oct 29, 2020 8:25 PM | Report Abuse

FGV expects compensation from LLA termination to be between RM3.5b and RM4.3b
https://www.theedgemarkets.com/article/fgv-expects-compensation-lla-termination-be-between-rm35b-and-rm43b%C2%A0


yong1985cm
26 posts

Posted by yong1985cm > Oct 29, 2020 9:05 PM | Report Abuse

RM3.5bil.equal to extra RM1 extra eps and RM1 extra NTA per share.. correct?


Harris76
19 posts

Posted by Harris76 > Oct 29, 2020 10:11 PM | Report Abuse

Hope FGV is really going to fly. Been holding for 3 over years. Payback time. All the best guys!


Mabel
10460 posts

Posted by Mabel > Oct 29, 2020 10:50 PM | Report Abuse

@yong1985cm RM3.5bil.equal to extra RM1 extra eps and RM1 extra NTA per share.. correct?
29/10/2020 9:05 PM

yong,

Please share how you derive the above calculation..

Meow


ming
1568 posts

Posted by ming > Oct 29, 2020 11:24 PM | Report Abuse

https://www.klsescreener.com/v2/news/view/746491


ming
1568 posts

Posted by ming > Oct 29, 2020 11:27 PM | Report Abuse

Get cash but ffb production also become lower..

This compensation is good for company with low efficiency ..

But bad for company with good efficiency..

U think fgv belongs to which? Haha xD


dam82
1645 posts

Posted by dam82 > Oct 29, 2020 11:56 PM | Report Abuse

Even FELDA take back the Lands to whom they will sell my guess is still towards FGV Plant ...

Question is what FGV have planning to do with this almost 4B ...If Tradewind and FGV Combine ... its intresting


winmal
721 posts

Posted by winmal > Oct 30, 2020 7:33 AM | Report Abuse

limit up today.. FGV get at least RM1 for LLA termination & notice 18 months during transition period as currently have high CPO price above RM3k


Jeffreyteck
3730 posts

Posted by Jeffreyteck > Oct 30, 2020 8:02 AM | Report Abuse

18 months to complete means opportunities for goreng. Est end results is remains status quo as who want to reward non performer easily.


Shawalrich87
566 posts

Posted by Shawalrich87 > Oct 30, 2020 8:18 AM | Report Abuse

Looking forward FGV's financial performance to double confirm the true potential of this plantation stock..now holding ..


Shawalrich87
566 posts

Posted by Shawalrich87 > Oct 30, 2020 8:30 AM | Report Abuse

Post lla termination, fgv financial performance outlook bright and ban export to the us market is circa 5% and have minimal impact to the group financial statement.cpo trade above 2300 and it at peak output plantation capacity.


Shawalrich87
566 posts

Posted by Shawalrich87 > Oct 30, 2020 8:37 AM | Report Abuse

Fgv on road to the recovery


winmal
721 posts

Posted by winmal > Oct 30, 2020 9:08 AM | Report Abuse

FGV will become net cash company


Shawalrich87
566 posts

Posted by Shawalrich87 > Oct 30, 2020 9:15 AM | Report Abuse

Totally agree. I have 4000 unit. Plan to top up. No trading session today


richman
9875 posts

Posted by richman > Oct 30, 2020 9:27 AM | Report Abuse

resume 10 am


8888_
1987 posts

Posted by 8888_ > Oct 30, 2020 9:32 AM | Report Abuse

Beside civil servant, pensioners govn(PN) must take care Felda Settlers well to remain in power?


dam82
1645 posts

Posted by dam82 > Oct 30, 2020 9:33 AM | Report Abuse

To put in perpesctive UTDP market cap is around 5Billion .. buy FGV for what it can achieve next few years


8888_
1987 posts

Posted by 8888_ > Oct 30, 2020 9:35 AM | Report Abuse

Q3 QR with dividend possible? LLA termination $ will come later unless GE15 date confirmed like UMNO wanted.


8888_
1987 posts

Posted by 8888_ > Oct 30, 2020 9:36 AM | Report Abuse

RM 4.3 billion FGV will get once GE15 date confirmed?


8888_
1987 posts

Posted by 8888_ > Oct 30, 2020 9:54 AM | Report Abuse

Nobody interested except Syed Mokhtar?


8888_
1987 posts

Posted by 8888_ > Oct 30, 2020 10:03 AM | Report Abuse

Up 1 sen bec mkt not good?


8888_
1987 posts

Posted by 8888_ > Oct 30, 2020 10:05 AM | Report Abuse

If SM takeover FGV reenter CI EPF can buy?


8888_
1987 posts

Posted by 8888_ > Oct 30, 2020 10:07 AM | Report Abuse

MSM only SM can turnaround?


dam82
1645 posts

Posted by dam82 > Oct 30, 2020 10:10 AM | Report Abuse

SM would not delist tradewind if its not performing right ...so I think the catalyst to FGV now merger with tradewind


dam82
1645 posts

Posted by dam82 > Oct 30, 2020 10:11 AM | Report Abuse

If FELDA paying almost 3 or 4 billion they might want cash out their share and I doubt they stupid to sell below at least 1.5


8888_
1987 posts

Posted by 8888_ > Oct 30, 2020 10:14 AM | Report Abuse

RM 3.5-4.3 billion from LLA termination will make FGV net cash why mkt not interested?


Flyinghorse
2887 posts

Posted by Flyinghorse > Oct 30, 2020 10:17 AM | Report Abuse

@ 8888. Will not happen overnight. Needs at least 18 months to see this transaction through lo.....

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