i got mine too
i think they needed the fun fare to keep people interested in keeping the plots since new schemes are out
there is a note with cheque, something to do with the output of the chgs still not profitable

Read thru, seems to be manpower problems and elephant damage
but not so serious. After all the plantation is 5 years should not be profitable at all, this year and next year should be better for plantation
the letter that came along seem to be off concern since i was due to another 60K worth of plots via subsale, but not so bad after reading and understanding their PnL and the report

This post has been edited by sam sam: Feb 27 2012, 11:10 AM

sorry typo i meant purchasing another 60K worth of units once the trading resumes. 2 buyers already line up for my purchase

have you called the office
last year with the direct bank in fiasco, they took some time to sort things out
what i did is called the office. THey were very helpful
you need to make sure at least they have send out your cheque

what i did not like about GPGS is that there is no black and white like CHGS.
With CHGS its clearly stated if CPO 2100 payout 12%, CPO rm2000 11%

quite nicely stated.
but with GPGS you can get more than CHGS. buts that's a gamble to know the outcome in another 4 years time

yes you are right GPGS has much higher returns. But the word is "May" and not fixed
best scheme would be the best of both worlds

has CHGS allowed the buying and selling off plots?
waiting for so long to buy

Still can't sell thru the website
I don't think they are putting the website up

if you want to sell pm me about it

quite a lot of people let go. Its normal
they do it because they need money

there is, you can call the office to ask
they can put you in touch with their agents. ther eis a few left most left since the scheme is finish being sold
its much tougher and its design that way to curb buying and selling

also its much easier if you sell to someone who has a regular agent and familar with the new harder process

chgs and the other oil palms investment have trustees for each company

if not mistaken chgs trustee is CIMB

U can't sell now until around feb
They are doing audit now, they close the buying and selling
Also you will need to find your own buyer as they close the company buy and sell site

you have to find your seller for any trading for thsi scheme
they close their online website and dont encourage buying and selling as i was told

was told it going to be major bad news
plans to wind up the scheme or something else equally bad

this was told by the office of chgs

This post has been edited by sam sam: Jan 17 2013, 01:19 PM

Was told earlier by an early poster and 2 weeks ago and confirm yesterday from my agent
And arcording to the office as i call them they plan on buying back the scheme
Isn't that bad news

Officially it's buy back as per the conversation with office

But hearsay from people who knows people inside from 2 sources
Is that the plantation is not doing too well quite bad. This info quite believe able as the prospectus do mention

So wind up might be a possibility if the buy back is not approved. They need 70 percent to approved the buy back. Also buy back could be buying back at initial price only.
Also has no word yet on whether they are issuing dividend as per the office. Does not sound good

So best to come for the Agm on the 8 th feb.

Lets hope they honor their deal and pay out dividend

i hope so too they can pay back asap and give out the 2012 dividends. However very likely if they can buy back the scheme, in about 2 -3 years time they will be making lots of money

oil plantation cycle is that profit is low until 7-8 years that is when the plantation trees are matured. From then until about 16 years will be making big bucks as the trees will be matured

so if chgs buys back then they dont have to pay dividends anymore and just enjoy the big bucks

can you helps us to list down what is on the note
so that all of us can see, sometimes the notice comes in late

This post has been edited by sam sam: Jan 20 2013, 09:01 PM

If chgs wants to buy back the plot that means the estate is profitable
It's simple as that
When they did the initial study they would have known its not so fertile.
That means profit lower than ioi but still consider good

It's a fast way to set up a estate with not much money down by doing this


Also taking 2 years to pay back is way too long


This post has been edited by sam sam: Jan 21 2013, 11:41 PM

We should ask what would happen if the proposed voluntary termination doesn't take place. What is going to happen to the scheme.
Are they still going to manage it?