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TanSiBeiKu Senior	11-Mar-2017 17:50        TanSiBeiKu About Contact  Quote this Post!
x 0   x 0  Alert Admin	" GLP&rsquo s SFRS book value NAV increased 7% year-on-year to SGD 2.75/share. NAV growth was mainly driven by value creation from development and NOI growth. SFRS does not include the full value of GLP&rsquo s fund management platform and future value creation from development." " In 3Q FY17, the Company generated US$45 million of fund management fees, up 20% year-on-year." Good to refresh above info
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FATABA Supreme	11-Mar-2017 16:37        FATABA About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	Big players are waiting to scoop large qty ....small lot is of little use to them. ​ Any major moves will push prices up and up ...which is not to their want and advantage..  ..." Small  players are most likely fully loaded. ​ Anyway, their push is very small. So we can see prices holding here till the next move by any one BB> ​ DD is on going ...certainly not forever....at most its a mth.  Further...> ALL 3 top bidders KNOW and do hv GLP financial reports ...as they are shareholders. Its a matter of setting the best price to win. ​ Expect and do see a rocket coming up in March.  ( my view) . DYODD moneyspinner      ( Date: 10-Mar-2017 11:37) Posted: Looks like players are avoiding GLP currently.   Why?   not happy with the takeover exercise?   or too much uncertainty at the moment?
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subaru Senior	10-Mar-2017 18:50        subaru About Contact  Quote this Post!
x 0   x 0  Alert Admin	not mentioned in the announcement. But there should be a deadline, logically speaking. moneyspinner      ( Date: 10-Mar-2017 10:13) Posted: Anybody knows is there a deadline for bidders to submit a binding bid?
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4evergo Member	10-Mar-2017 15:47        4evergo About Contact  Quote this Post!
x 0   x 0  Alert Admin	It is time for a breakout from the current level to higher ones!!!
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moneyspinner Veteran	10-Mar-2017 11:37        moneyspinner About Contact  Quote this Post!
x 0   x 0  Alert Admin	Looks like players are avoiding GLP currently.   Why?   not happy with the takeover exercise?   or too much uncertainty at the moment?
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moneyspinner Veteran	10-Mar-2017 11:14        moneyspinner About Contact  Quote this Post!
x 0   x 0  Alert Admin	Best World is fast catching up with GLP...............   what' s happening to GLP?😡
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Integrity Elite	10-Mar-2017 10:28        Integrity About Contact  Quote this Post!
x 0   x 0  Alert Admin	Once the interested parties have done the DD, they will likely to submit the bid after their board meeting. It may happen in this month or early next month.
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moneyspinner Veteran	10-Mar-2017 10:18        moneyspinner About Contact  Quote this Post!
x 0   x 0  Alert Admin	Or bidders can take their own sweet time to submit a binding bid?   Guess once one bid is received, the bidding war may start depending on how low the first bid is. If the first bid is set priced at a high, others may walk away!😊
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moneyspinner Veteran	10-Mar-2017 10:13        moneyspinner About Contact  Quote this Post!
x 0   x 0  Alert Admin	Anybody knows is there a deadline for bidders to submit a binding bid?
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earlybird14 Supreme	10-Mar-2017 09:49        earlybird14 About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	Share price valued by earning power instead of book value. There are many China s chip with fantastic book value, Swiber before liquidation book value and Facebook book value at begin stage are super low. I have stated my intention of those post. Individual hold own view. My assumption of deal not going through may not happen, so you may not see the price back to 2 dollars But if did happen, let's see what happen to share price. I hope the deal to go through so long as price higher than 2.7. Integrity      ( Date: 10-Mar-2017 09:33) Posted: U have to understand many stocks like GLP are undervalued and only throught M& A then market will reflect their realistic price. Even if the deal does not goes through, the price will maintain around book value. earlybird14      ( Date: 10-Mar-2017 09:24) Posted: I understand fully understand your today optimistic since there are bidders there to buy. But before that when GLP below 2. Nobody has such optimistic since dividend average lower than sgx bluechips and the way GLP record 1 time gain profit from every assets purchased or construct. Except HDB bto in the market, once purchase, you will receive assets gain due to gov sell below market open price. But condo and other property where got such for sure thing. Too much assets gain recorded will be a set back for future asset impairment loss recorded. Anyway, not point to argue all these since I am not here to say GLP no worth 2.7 dollars since there are bidders. My stand point is GIC must sell, deal must go through to sell at best price with best valuation. If deal fail, everyone will be back from heaven down to ground with around 2 dollars
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AttasBoss Elite	10-Mar-2017 09:41        AttasBoss About Contact  Quote this Post!
x 0   x 0  Alert Admin	the internal team of the bidder carry out the DD or they outsource?
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stlimst Master	10-Mar-2017 09:38        stlimst About Contact  Quote this Post!
x 0   x 0  Alert Admin	This is called ' unlocking' the value of the company. Integrity      ( Date: 10-Mar-2017 09:33) Posted: U have to understand many stocks like GLP are undervalued and only throught M& A then market will reflect their realistic price. Even if the deal does not goes through, the price will maintain around book value. earlybird14      ( Date: 10-Mar-2017 09:24) Posted: I understand fully understand your today optimistic since there are bidders there to buy. But before that when GLP below 2. Nobody has such optimistic since dividend average lower than sgx bluechips and the way GLP record 1 time gain profit from every assets purchased or construct. Except HDB bto in the market, once purchase, you will receive assets gain due to gov sell below market open price. But condo and other property where got such for sure thing. Too much assets gain recorded will be a set back for future asset impairment loss recorded. Anyway, not point to argue all these since I am not here to say GLP no worth 2.7 dollars since there are bidders. My stand point is GIC must sell, deal must go through to sell at best price with best valuation. If deal fail, everyone will be back from heaven down to ground with around 2 dollars
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kerier Veteran	10-Mar-2017 09:37        kerier About Contact  Quote this Post!
x 0   x 0  Alert Admin	Like I said, this is why GIC wants to sell - it wants to recognize a significant gain on its invested capital immediately.  Asset gains are used by almost every company. Why? Because they are required to know the annual values, similar to our properties, IRAS informs us of the annual rent. Why condos can' t have higher valuations than initial purchase prices? Just look at City Square Residences, The Sail at Marina Bay or City Lights. The key factors of course are timing, location and price which no one can say for certain if you paid at the lowest or highest price point.  Impairments will be recorded but it is non-cash. Further GLP would have already divested part of its liability to the REITs. There are other important factors such as tenancy rate - are the warehouses fully occupied and at what prices.  Its a no brainer that if the deal fails we can expect the share price to fall, this is a risk that current investors must accept. We have also discussed this before.  earlybird14      ( Date: 10-Mar-2017 09:24) Posted: I understand fully understand your today optimistic since there are bidders there to buy. But before that when GLP below 2. Nobody has such optimistic since dividend average lower than sgx bluechips and the way GLP record 1 time gain profit from every assets purchased or construct. Except HDB bto in the market, once purchase, you will receive assets gain due to gov sell below market open price. But condo and other property where got such for sure thing. Too much assets gain recorded will be a set back for future asset impairment loss recorded. Anyway, not point to argue all these since I am not here to say GLP no worth 2.7 dollars since there are bidders. My stand point is GIC must sell, deal must go through to sell at best price with best valuation. If deal fail, everyone will be back from heaven down to ground with around 2 dollars. kerier      ( Date: 09-Mar-2017 23:17) Posted: Yes GLP does not pay fantastic dividends at this time because it is still acquiring and developing assets around the world. Of course funds are smart enough not to look at non-recurring valuation gains and this is also clearly segregated and presented in GLP' s financials. The attractiveness of GLP to the market is that the world is now turning to e-commerce more than ever, Alibaba, Taobao, JD.com, Amazon.com, Lazada etc... These folks need huge physical and modern warehouse space to ship things out efficiently to customers around the globe.  What happens when GLP slows down its acquisitions? Cash builds up and maybe a bigger portion will be distributed to shareholders. These bidders know by taking GLP away from SGX, it can potentially be a much better proposition for a NYSE or HKSE listing earning a valuation comparable to its peers such as Prologis and Goodman Group.  As for valuations, the properties are sold to the market (ie: third parties) via REITS. GIC is impatient and it wants to realize a good capital gain on GLP asap.
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Integrity Elite	10-Mar-2017 09:33        Integrity About Contact  Quote this Post!
x 0   x 0  Alert Admin	U have to understand many stocks like GLP are undervalued and only throught M& A then market will reflect their realistic price. Even if the deal does not goes through, the price will maintain around book value. earlybird14      ( Date: 10-Mar-2017 09:24) Posted: I understand fully understand your today optimistic since there are bidders there to buy. But before that when GLP below 2. Nobody has such optimistic since dividend average lower than sgx bluechips and the way GLP record 1 time gain profit from every assets purchased or construct. Except HDB bto in the market, once purchase, you will receive assets gain due to gov sell below market open price. But condo and other property where got such for sure thing. Too much assets gain recorded will be a set back for future asset impairment loss recorded. Anyway, not point to argue all these since I am not here to say GLP no worth 2.7 dollars since there are bidders. My stand point is GIC must sell, deal must go through to sell at best price with best valuation. If deal fail, everyone will be back from heaven down to ground with around 2 dollars. kerier      ( Date: 09-Mar-2017 23:17) Posted: Yes GLP does not pay fantastic dividends at this time because it is still acquiring and developing assets around the world. Of course funds are smart enough not to look at non-recurring valuation gains and this is also clearly segregated and presented in GLP' s financials. The attractiveness of GLP to the market is that the world is now turning to e-commerce more than ever, Alibaba, Taobao, JD.com, Amazon.com, Lazada etc... These folks need huge physical and modern warehouse space to ship things out efficiently to customers around the globe.  What happens when GLP slows down its acquisitions? Cash builds up and maybe a bigger portion will be distributed to shareholders. These bidders know by taking GLP away from SGX, it can potentially be a much better proposition for a NYSE or HKSE listing earning a valuation comparable to its peers such as Prologis and Goodman Group.  As for valuations, the properties are sold to the market (ie: third parties) via REITS. GIC is impatient and it wants to realize a good capital gain on GLP asap.
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earlybird14 Supreme	10-Mar-2017 09:24        earlybird14 About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	I understand fully understand your today optimistic since there are bidders there to buy. But before that when GLP below 2. Nobody has such optimistic since dividend average lower than sgx bluechips and the way GLP record 1 time gain profit from every assets purchased or construct. Except HDB bto in the market, once purchase, you will receive assets gain due to gov sell below market open price. But condo and other property where got such for sure thing. Too much assets gain recorded will be a set back for future asset impairment loss recorded. Anyway, not point to argue all these since I am not here to say GLP no worth 2.7 dollars since there are bidders. My stand point is GIC must sell, deal must go through to sell at best price with best valuation. If deal fail, everyone will be back from heaven down to ground with around 2 dollars. kerier      ( Date: 09-Mar-2017 23:17) Posted: Yes GLP does not pay fantastic dividends at this time because it is still acquiring and developing assets around the world. Of course funds are smart enough not to look at non-recurring valuation gains and this is also clearly segregated and presented in GLP' s financials. The attractiveness of GLP to the market is that the world is now turning to e-commerce more than ever, Alibaba, Taobao, JD.com, Amazon.com, Lazada etc... These folks need huge physical and modern warehouse space to ship things out efficiently to customers around the globe.  What happens when GLP slows down its acquisitions? Cash builds up and maybe a bigger portion will be distributed to shareholders. These bidders know by taking GLP away from SGX, it can potentially be a much better proposition for a NYSE or HKSE listing earning a valuation comparable to its peers such as Prologis and Goodman Group.  As for valuations, the properties are sold to the market (ie: third parties) via REITS. GIC is impatient and it wants to realize a good capital gain on GLP asap.  earlybird14      ( Date: 09-Mar-2017 21:57) Posted: no doubt you understand much better than me about business model. But instead of business model, the key points to highlight still annual return to GIC is low, assets gain is still 1 times, it is a non cash gain recorded on their assets by assumption the property value is more than what they invest or purchase. This doesn't help much on dividend income for GIC return. Some analysts doubt about the large amount property value gain they recorded as profit quarterly is real and as pe market value. although GLp management did come out to explain the gain recorded is valid by showing their sales of property back to REITs but in fact how much they can sell to open market is question mark. This uncertainty and low dividend return were 2 key things to bring GLP price down from peak till below 2 dollars that time. U.S. Market is overheated no doubt GLP may get a better price in this kind of market. However when U.S. Market suffer the same what sgx market or Asia market suffer in last year. The share price will still be the level. Eventually the price in US market still valued by the market through dividend return and eps. However, whether nyse will be so kind to let GLP to record assets gain easily is another question mark which potentially lower down the P/E ratio and eps
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lynmin0197 Senior	10-Mar-2017 09:18        lynmin0197 About Contact  Quote this Post!
x 0   x 0  Alert Admin	High buy volume today
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kerier Veteran	09-Mar-2017 23:17        kerier About Contact  Quote this Post!
x 0   x 0  Alert Admin	Yes GLP does not pay fantastic dividends at this time because it is still acquiring and developing assets around the world. Of course funds are smart enough not to look at non-recurring valuation gains and this is also clearly segregated and presented in GLP' s financials. The attractiveness of GLP to the market is that the world is now turning to e-commerce more than ever, Alibaba, Taobao, JD.com, Amazon.com, Lazada etc... These folks need huge physical and modern warehouse space to ship things out efficiently to customers around the globe.  What happens when GLP slows down its acquisitions? Cash builds up and maybe a bigger portion will be distributed to shareholders. These bidders know by taking GLP away from SGX, it can potentially be a much better proposition for a NYSE or HKSE listing earning a valuation comparable to its peers such as Prologis and Goodman Group.  As for valuations, the properties are sold to the market (ie: third parties) via REITS. GIC is impatient and it wants to realize a good capital gain on GLP asap.  earlybird14      ( Date: 09-Mar-2017 21:57) Posted: no doubt you understand much better than me about business model. But instead of business model, the key points to highlight still annual return to GIC is low, assets gain is still 1 times, it is a non cash gain recorded on their assets by assumption the property value is more than what they invest or purchase. This doesn't help much on dividend income for GIC return. Some analysts doubt about the large amount property value gain they recorded as profit quarterly is real and as pe market value. although GLp management did come out to explain the gain recorded is valid by showing their sales of property back to REITs but in fact how much they can sell to open market is question mark. This uncertainty and low dividend return were 2 key things to bring GLP price down from peak till below 2 dollars that time. U.S. Market is overheated no doubt GLP may get a better price in this kind of market. However when U.S. Market suffer the same what sgx market or Asia market suffer in last year. The share price will still be the level. Eventually the price in US market still valued by the market through dividend return and eps. However, whether nyse will be so kind to let GLP to record assets gain easily is another question mark which potentially lower down the P/E ratio and eps. Azure1984      ( Date: 09-Mar-2017 20:09) Posted: Aiyo, earlybird, I doubt you understand GLP business model... Just look at past 4 year growth through warehouse acquisition, large amounts of property purchased, repackaged as REITs and resale to market and collect assets management fee. Operating income and dividend growth is limited This is call capital recycling. Buy, keep a few month, reorganize a bit and sell of as funds, in the process earn some money and free up more cash to build/buy buildings rather than your cash tied down to your purchase deal Then, this is not a pure rental business like other assets management, she suffer economic cyclic, just look at 2015 whole year profit you will know they suffer from low rental fee when China market down.  Where you get this fact of low rental fee when China market down? Their PPT shows YOY increase in rental for same property for China. Furthermore, GLP is world leader with large market share, past strategy used as acquisition then repackaged as REITs and resale again may be not longer available, this affect the 1 time gain profit which sustain share price at 3 in 2013-2014 period. Below 2 last few years bring shareholders to earth that this is a company with limitation of earning which can distribute around 3% when price below 2, 2.3% when price at 2.7.  They repackaed as REITS for Japan market and funds for the rest of market. When they sell as fund and par down their stake, they earn development gains, which is happening every year, and free up more cash to build new developments. Do you know how much land banks they have in their portfolio? They are both a direct landlord and asset manager. Actually, I quite like their model. Its like using cash to earn more cash. The reason why their share price is depressed is because they are listed in SGX, where some share dont reflec their true price. Try listing in NYSE? You see whats the PE of similar company.....
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huangyuanhe Supreme	09-Mar-2017 22:03        huangyuanhe About Contact  Quote this Post!   Yells: "666"
x 0   x 0  Alert Admin	I didnt invest much on GLP. Just 30 lot to hold for the outcome. Just had a group chat with my retail investors group.They pointed out one important key point : One of the bidding parties is a "management" buy out consortium. CEO is considered as management buy out right ?
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earlybird14 Supreme	09-Mar-2017 21:57        earlybird14 About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	no doubt you understand much better than me about business model. But instead of business model, the key points to highlight still annual return to GIC is low, assets gain is still 1 times, it is a non cash gain recorded on their assets by assumption the property value is more than what they invest or purchase. This doesn't help much on dividend income for GIC return. Some analysts doubt about the large amount property value gain they recorded as profit quarterly is real and as pe market value. although GLp management did come out to explain the gain recorded is valid by showing their sales of property back to REITs but in fact how much they can sell to open market is question mark. This uncertainty and low dividend return were 2 key things to bring GLP price down from peak till below 2 dollars that time. U.S. Market is overheated no doubt GLP may get a better price in this kind of market. However when U.S. Market suffer the same what sgx market or Asia market suffer in last year. The share price will still be the level. Eventually the price in US market still valued by the market through dividend return and eps. However, whether nyse will be so kind to let GLP to record assets gain easily is another question mark which potentially lower down the P/E ratio and eps. Azure1984      ( Date: 09-Mar-2017 20:09) Posted: Aiyo, earlybird, I doubt you understand GLP business model... Just look at past 4 year growth through warehouse acquisition, large amounts of property purchased, repackaged as REITs and resale to market and collect assets management fee. Operating income and dividend growth is limited This is call capital recycling. Buy, keep a few month, reorganize a bit and sell of as funds, in the process earn some money and free up more cash to build/buy buildings rather than your cash tied down to your purchase deal Then, this is not a pure rental business like other assets management, she suffer economic cyclic, just look at 2015 whole year profit you will know they suffer from low rental fee when China market down.  Where you get this fact of low rental fee when China market down? Their PPT shows YOY increase in rental for same property for China. Furthermore, GLP is world leader with large market share, past strategy used as acquisition then repackaged as REITs and resale again may be not longer available, this affect the 1 time gain profit which sustain share price at 3 in 2013-2014 period. Below 2 last few years bring shareholders to earth that this is a company with limitation of earning which can distribute around 3% when price below 2, 2.3% when price at 2.7.  They repackaed as REITS for Japan market and funds for the rest of market. When they sell as fund and par down their stake, they earn development gains, which is happening every year, and free up more cash to build new developments. Do you know how much land banks they have in their portfolio? They are both a direct landlord and asset manager. Actually, I quite like their model. Its like using cash to earn more cash. The reason why their share price is depressed is because they are listed in SGX, where some share dont reflec their true price. Try listing in NYSE? You see whats the PE of similar company..... earlybird14      ( Date: 09-Mar-2017 19:06) Posted: Just look at past 4 year growth through warehouse acquisition, large amounts of property purchased, repackaged as REITs and resale to market and collect assets management fee. Operating income and dividend growth is limited. Then, this is not a pure rental business like other assets management, she suffer economic cyclic, just look at 2015 whole year profit you will know they suffer from low rental fee when China market down. Furthermore, GLP is world leader with large market share, past strategy used as acquisition then repackaged as REITs and resale again may be not longer available, this affect the 1 time gain profit which sustain share price at 3 in 2013-2014 period. Below 2 last few years bring shareholders to earth that this is a company with limitation of earning which can distribute around 3% when price below 2, 2.3% when price at 2.7. With such income to GLP is lose making since they have commitment of annual income 2.5-4%
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Azure1984 Member	09-Mar-2017 20:09        Azure1984 About Contact  Quote this Post! Style: Combined
x 0   x 0  Alert Admin	Aiyo, earlybird, I doubt you understand GLP business model... Just look at past 4 year growth through warehouse acquisition, large amounts of property purchased, repackaged as REITs and resale to market and collect assets management fee. Operating income and dividend growth is limited This is call capital recycling. Buy, keep a few month, reorganize a bit and sell of as funds, in the process earn some money and free up more cash to build/buy buildings rather than your cash tied down to your purchase deal Then, this is not a pure rental business like other assets management, she suffer economic cyclic, just look at 2015 whole year profit you will know they suffer from low rental fee when China market down.  Where you get this fact of low rental fee when China market down? Their PPT shows YOY increase in rental for same property for China. Furthermore, GLP is world leader with large market share, past strategy used as acquisition then repackaged as REITs and resale again may be not longer available, this affect the 1 time gain profit which sustain share price at 3 in 2013-2014 period. Below 2 last few years bring shareholders to earth that this is a company with limitation of earning which can distribute around 3% when price below 2, 2.3% when price at 2.7.  They repackaed as REITS for Japan market and funds for the rest of market. When they sell as fund and par down their stake, they earn development gains, which is happening every year, and free up more cash to build new developments. Do you know how much land banks they have in their portfolio? They are both a direct landlord and asset manager. Actually, I quite like their model. Its like using cash to earn more cash. The reason why their share price is depressed is because they are listed in SGX, where some share dont reflec their true price. Try listing in NYSE? You see whats the PE of similar company..... earlybird14      ( Date: 09-Mar-2017 19:06) Posted: Just look at past 4 year growth through warehouse acquisition, large amounts of property purchased, repackaged as REITs and resale to market and collect assets management fee. Operating income and dividend growth is limited. Then, this is not a pure rental business like other assets management, she suffer economic cyclic, just look at 2015 whole year profit you will know they suffer from low rental fee when China market down. Furthermore, GLP is world leader with large market share, past strategy used as acquisition then repackaged as REITs and resale again may be not longer available, this affect the 1 time gain profit which sustain share price at 3 in 2013-2014 period. Below 2 last few years bring shareholders to earth that this is a company with limitation of earning which can distribute around 3% when price below 2, 2.3% when price at 2.7. With such income to GLP is lose making since they have commitment of annual income 2.5-4%. earlybird14      ( Date: 09-Mar-2017 18:54) Posted: Your ideal is not applicable to GLP
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