FGV price fall - EPF money is our money?

VOXPOP ‘BN wants the Felda votes so they can't allow the price to fall below the offer price, at least not until GE13 is over.'

FGV falls below psychological mark, near its IPO price

Anonyxyz: Don't worry, BN can print more ringgit and give them to Umno cronies to buy up the Felda Global Ventures (FGV) shares.

Or they will get EPF (Employees Providence Fund) and the government-linked funds to buy the shares and if they lose money, bail out these funds with tax money from the rakyat.

And if more people, including the Malays, protest... just create racial tensions, highlight Christianity, shout "ketuanan Melayu", say the Chinese are taking away Malay rights, etc... and everything will soon be back to ‘normal'.

After 50 over years of such a successful formula, where can they go wrong?

Jedi_Who: BN wants the Felda votes so they can't allow the price to fall below the offer price, at least not until GE13 is over.

So they will pump in money to maintain the price but at the same time they need money to cheat, bribe and buy over candidates to engineer an election victory. So what to do?

Joker: Will FGV now be using the EPF to prop up its share price?

With more than 3.6 billion shares and assuming an average price of RM5 per share, EPF's 6.8 percent share of FGV translates into RM1.2 billion of EPF members' money. Is this a sound investment decision by the EPF investment board?

Remember that half of FGV's plantations are over 20 years old. It is likely that FGV will need to replant them soon.

That could mean three years when FGV's income would drop by half while requiring a huge capital outlay to clear the fields and replant the old trees.

Anonymous_546289: Fundamentally, the IPO (initial public offering) was overpriced (compared to other well-run listed palm oil companies). With the expiry of pricing support arrangements with the banks (underwriters), the only direction for the share price is down.

Anti- Umno: BN has no more money to sustain FGV's price to be higher than RM5. If all the investors are selling, someone needs to buy. BN needs taxpayers' money to do that.

Since there is no more money in the coffers, FGV shares will experience a free fall to well below the IPO price soon.

Dont Just Talk: Just by looking at FGV's graph spiralling downwards from July 2 to Sept 3, it's not a picture of confidence. And how not to worry, Felda chairperson Mohd Isa Samad, with you at the helm of Felda.

Dood: Of course, there is no cause for concern. It's other people's money, right?

Jacob: Isa knows nothing about running FGV and his past experience being a corrupt public official does not train him to run and manage such a complicated operation.

YF: In a few months' time, the political landscape of Malaysia may change and you, Isa, may no longer have a job. You should be concerned.

Queenie: I get very concerned when someone tells me there is no cause for concern. - Malaysiakini