I tried accessing their website www.chgs.com.my to find out any news on dividend payment but cannot get thru. Not sure if the site is closed down or not. Anyone any luck? Also, can anyone confirm if this year is where dividends based on profit starts?

i just tried accessing http://www.chgs.com.my/
the page was loaded

my agent said it will be 12%
waiting for my cheque so confirm it's 12%

So it's confirmed? I think if they give out 12%, definitely will come out in the news.....

Hi all,

My name is Sheridan Mahavera and I am a journalist with the news portal The Malaysian Insider. www.themalaysianinsider.com.

I am doing a story on oil palm-based farm-sharing schemes like CHGS since they are gaining popularity. The latest scheme is called Golden Palm Growers.

I was wondering if any of you are willing to share your experience investing in the scheme for my article.

Are the dividends good? Are getting value for your money? What persuaded you to put your money in here as opposed to unit trusts and stocks?

I'd really like to hear from those who have invested and CHGS agents. I am willing to grant anonymity to those who want it.

If you’re interested, write to me at sheridan@themalaysianinsider.net. I’m not after your money. Just a bit of your time and your opinions.

Thanks and I hope to hear from you soon, Happy Lunar New Year

Sheridan

P.S - go to the Malaysianinsider website and enter my name in the search field to read my past articles.

For CGHS, the dividend for the first 3 years is 8% as no money is generated (basically from our own money!). This year is the 4th year and CHGS is supposed to give out dividends based on the average CPO price + production. So, in terms of dividends, we are not too sure how CHGS is going to perform yet and we are still waiting for our first "real" dividend.

Why I bought it? To diversify my portfolio + happened to bump into their booth during an exhibition.

Sheridan, I was tempted to buy because the rates are much better than FD currently - 2.5-3% - So this is guaranteed 8% so its 3x better!

At 8%, you would technically double your money in 9 years and sell off the lot. (if the CPO price is higher, you even make back your money quicker!)

I then thought the better against it because being young, I can afford to take greater risks for higher returns in the stock market but this is a good investment for people who are looking to diversify and get a stable returns.

The other apprehension I have is the fact that its not a 'proven' thing and there are other ways to get a 8% return - by investing in REITs which have been around for quite sometime vs this new scheme which I see as untested and unproven.

My rationale also was if I want to invest in palm oil, there would be better ways, (read: higher risk and better returns) by buying plantation shares on the stock market or if I wanted to go really risky - play futures.

That's why I initially was captivated by it but then did not go through with it.

My agent also confirm is 12% for 2010. 12% is higher than FD.

She said will be publish in local news paper.

This post has been edited by Fat3Twister: Jan 31 2011, 12:52 PM

It's 12%
Already in the papers, today's The Star & China Press.
chinese sos

Great! Here's the news in English : http://www.btimes.com.my/Current_News/BTIM...rowers/Article/

The Chinese news article mention that they will TT the money into our bank account? How are they going to do that?

Should we worry about the last part of the article?



Did he mean the first 3 years fixed dividend or including the 4th year based on profits? If it includes the 4th year, that means there is no profit yet from the Gua Musang plantation?

This post has been edited by kmarc: Feb 1 2011, 07:17 PM

if u r a grower, you should get an email with direct debit form in it. It will deposit by 15 Feb, faster than waiting for the cheque

Cool. Thx. Now I'm wondering whether they have my email or not!!!!

Is that 12% based on the initial investment of 5K(?)....the present price is 10k.....from the prospectus.
So if you invest 10k, its 'only' a yield of 6%

This post has been edited by prophetjul: Feb 2 2011, 10:07 AM

i think there are ppl selling some plots online thru CHGS website. Each plot <10k still

It's been running for years, and there's no one who can confirm that they are making any money at all?

haha... good to know that it's confirmed at 12%
hmm, but direct debit, I don't think they have my banking info
and I don't receive any email from them yet

Happy Lunar New Year all and thanks to kmarc and joecashflow for responding to my previous post.

I have a few follow up questions though:

1) having seen the first “real” dividend of 12 per cent, do you feel that the scheme is more “secure” now than when you previously joined?

2) also I was trawling through the previous posts and found that some of the buyers were having trouble selling their plots? Is this true?
Why?
Can’t you just sell the plot back to CHGS and cash out?

3) Since the scheme is based on a farm commodity, oil palm, are any of you worried if the plantation does not do well even if the price of CPO is high like now?
Many things can happen – plantation management makes mistake leading to lower yield, flooding (like in Johor recently) and produce cannot be transported out?

Again, I extend this invitation to comment to whoever wants to and as stated previously, I will grant anonymity.


Thanks,

Sheridan Mahavera
The Malaysian Insider www.themalaysianinsider.com

Hi folks
Don't get too excited. This info I received from my agent.

The payout will be split into two rates - The first 3 months will be 8% and 4-12 will be 12%. This is because the harvest phase started April last year (completion of 3 years from inception as in the prospectus). But for this year's dividend (for next year payouts), the payout will be based on one rate only i.e. 12% pa or more (refer to prospectus) because the project has gone into full harvest phase.

Regarding the payment calculation, it will be based on the amount that you purchased for the lots, not the current lot price. If you bought the lot at RM5K per lot, you will get 12% of RM5K per lot, not 12% of RM10K per lot as of today's price. The price per lot you paid is clearly stated in your CHGS certificates.

Regarding the direct debit, your agent should have emailed you the bank instruction if you wish to opt for direct bank in. Otherwise, the traditional mail-in check will be sent to you. The cheques can be collected starting tomorrow (Tuesday 8/2/2011). I quote

"For those who are non-IT savvy and wish to collect their cheque, you may visit us at Palace of the Golden Horses hotel from 8 Feb 2011 to 13 Feb 2011 between 1pm to 5pm for cheque collection with 2 working day notice given to us. Please bring along your Growers Certificates & IC for to redeem your cheque. For those outstation Growers, you are entitled to book Palace of the Golden Horses hotel stay at the a very special rate of RM200++ per night during these said period." end quote.

If you are unsure, you should contact your agent, not asking people in this forum who mostly making envious speculations muahahaha.

Cheers...

[attachmentid=2032658]

Received a CHGS eNett Yield Form in PDF format this morning. Anyone wishing to register for direct crediting into your bank must filled up this form.

I attach the file for your convenience.

No...the 10k price is in the prospectus....