Friday, January 25, 2013

FGVH Breaches IPO Price

Deputy Minister in the Prime Minister’s Department Ahmad Maslan is blaming Pakatan Rakayat for their heinous slanders which caused FGVH share prices to be volatile. On Monday, the FGVH share price tumbled to a new low of RM4.36, breaching its initial public offering price (IPO) of RM4.55. I didn’t know that PR has been so effective in muckraking that a global agricultural and agri-commodities company with operations across ten countries can be so easily distressed and grieved!

Actually the explanation is simple. The authorities failed to understand that the Felda IPO which was politically-driven in the first place, was done at the peak of the CPO price cycle, so there was only one way to continue after that – which was to go down! It was just a matter of time! Besides any UMNO project is bound to fail because they didn't do it for the right reasons! Bodoh nya si Maslan! (Stupid Maslan!)

On Wednesday, I was at the Shah’s Village Hotel to deliver a speech (CC # 7 “Women are Better than Men”) at the MIMPJ Toastmasters Club – thanks to VP Education Elaine Lee for granting me a speaking slot – and I was also voted Best Speaker! But of course! With that speech title, I was sure to secure the women votes! Anyway, it was a rollicking meeting. My score: A 6.5 out of a 10.

1 comment:

Patrick said...

Victor, you look so handsome in coat..! Looks like you are providing additional eye candy to support your honey-laden speech that night.....

Everybody expected FGVH price to umble and free-fall, if not for GLCc and EPF artificial price support all these while. Its a matter of time before EPF stops their loss making price support and all hell will break loose. I can only imagine a drastic discount of FGVH before a foreign entity decides to buy up majority control of FGVH, thus transferring Malaysia's best socio-economic success story to foreign ownership and FELDA farmers will truly be transform into global slaves. Thanks to Najib and Isa, of course.