QUOTE(EddyLB @ Jan 21 2013, 08:32 PM)
Major shareholder trying to use current low CPO price to "sapu" minority shareholder's stake ? Now the CPO price is low, the valuation will also be low. From what I heard, even if the CPO price is at RM1500-RM1800, plantation can still breakeven.
Re-look at the original agreement. What are the rights of the minority shareholders ?
Some of the possible steps to take :
request the company to appoint an adviser for minority shareholders. The advisor is usually a consultant from audit firm. He/she should be given time to study and advise the minority shareholder what is the best course of action.
Make complaints to BNM/SC. Ask them for advise
Get a lawyer and apply for interim injunction to have more time to study the agenda
Ya just got a copy of the Prospectus, the above points is valid .I find is quite fishy the entire buy back process.
All thoose challenges they mention seem is part and parcel of managing the plantation (except uncompromising Terrain).
Now look at broder picture , big player like sime darby ,felda , ioi ect they are making tons of money.
Maybe we should not compare to Big Guy , just to compare i have friends in few hundred to thousand acre too
but also making money .How come CHGS like this ?
Someone mention earlier before , maybe buy back now at low price and later when the tree fully matured
the YIELD will at top peak performance .So Tons of money coming in .
The CPO for past few years is so GOOD ,i just cant understand cannot pay the dividend to the investor.
In this reality is good to find out more channel where we can get help .But likely i will give in and just vote
pray hard will refund the growers money .
At the end is all about ' BIG FISH EATING SMALL FISH '