| Latest Forum Topics / Global Logistic |
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First digital payments Fintech group on SGX
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HiFive123
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11-Jul-2017 17:15
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This round company didn' t come out to say anything to clear the air. What could be the cause? - Bids are already on the table? - It is not an issue? - Maximise shareholders value? - Other reasons?
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engineer
Member |
11-Jul-2017 17:15
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OMG... SHARE PRICE CRASH!!!! | ||||
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Msport
Elite |
11-Jul-2017 17:14
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GLP Slips on Report Warburg Pincus May Pull Bid on China Concern...
  Global Logistic Properties falls after FT reported that only two bidders submitted offers for the company last week, citing people familiar.
 
Warburg Pincus is one of the bidders but may withdraw if concerns about GLP&rsquo s China operations can&rsquo t be allayed.
 
Other bidder is consortium that includes GLP&rsquo s CEO and Hopu Investment.
 
Stock falls as much as 3.8% on 347% of 3-month average volume
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Atom99
Master |
11-Jul-2017 17:13
Yells: "Once you hv eliminated the impossible,whatever remains TRUTH" |
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No deal? Then those involved screw up BIG time.Heads must roll...cut off the dead woods.IMO
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lynmin0197
Senior |
11-Jul-2017 17:12
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very scary one day drop so much, almost drop to my breakeven :( | ||||
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FATABA
Supreme |
11-Jul-2017 17:10
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Yes, a large volume of over 10M selling at 2,70 ( ensure pirce close at or   below that ) ....see if any announcement tonite. Just hope one of the bidders decide to sell off.
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moneyspinner
Veteran |
11-Jul-2017 17:10
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GLP gap down 5.9 pct or 17 cts to close @ $2.70 today on heavy volume of 49.6 million shares traded!   Looks like many investors have abandoned ship today.   What will happen next remains to be seen over the next few days............. | ||||
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Octavia
Supreme |
11-Jul-2017 17:08
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Gone liao.GIC alrdy give many hints. | ||||
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HiFive123
Member |
11-Jul-2017 17:08
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when there was a slight jump in a few cents in GLP last round, SGX will query the company. This round the drop is much more, but no action (query) has been made. Strange!
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Integrity
Elite |
11-Jul-2017 17:04
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Drop in the huge volume, looks like no deal to me. Someone may get sacked. | ||||
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HiFive123
Member |
11-Jul-2017 17:03
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notice there is a huge chunk selling at closing
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FATABA
Supreme |
11-Jul-2017 15:14
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WOW ....notice the 35M VOLUME done ....who is it ? See any sgx announcement in SSH changes
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tanakow
Member |
11-Jul-2017 15:13
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Not sure why think so highly of GIC. Time and again, they have proven themselves to be a bunch of nincompoops.
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FATABA
Supreme |
11-Jul-2017 14:33
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Whatever and which ever is the actual story .....one think is relatively certain for GIC, ...they wld not and shld not accept a low bid ( and I doubt the bit will be low) ....as GIC is answerable to many Singaporean ...our funds....so honestly I do expect a bid in the region of 1.15/2 X bk value minumum. Let see, Happy waiting.
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mailaileh
Veteran |
11-Jul-2017 14:28
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There is always turning back. Anyway such deals are always very noisy.
Some said GIC is the party that wanted GLP privatised which is why the share price hits 1.7 range in the first place. Some said that GIC never wanted to sell GLP but because the Chinese & others trying to buy it cheap, they purposely publicise the deal through a strategic review announcement to prevent these buyers from giving a low ball public offer.
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gopguppy
Veteran |
11-Jul-2017 13:45
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Agree. Just wondering. Isn' t it the responsibility of the lawyers in the committee to vet through these documents on special arrangements and legal clauses and determine whether it will still be a fair play for all bidders even before they start the bidding process? If the starting point is already favouring the Chinese, why call open bidding? If all these allegations are true, the committee has not been doing its job, and GIC has been taken for a ride all along. Can GIC be that dumb?  
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Andrewtan18
Senior |
11-Jul-2017 13:11
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GIC sure has themselves screwed for putting all their faith with the Chinese in 2014 when they sold a stake without premium in the hope those stakeholders will help develop the China business. Well, they help you develop alright but they made sure that the control and future of that business is very much at their call.  This is why I had said that those highly paid GIC management had not learnt from the Suzhou Industrial Park lessons. The Chinese are sneaky and you will not benefit from working with them. They will use your capital for the enterprise risk and then screw you for control on e the venture is successful.  So much for paying big bucks for the brains at GIC. I have always not liked the snaky look of that GLP Chairman who was previously the head of GIC Real Estate business.  |
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ezonme
Member |
11-Jul-2017 13:03
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I don't understand why can't the bidders do a takeover by buying from the minority shareholders. Example, offer a price XX% above premium. Easily can scoop more than 30% from the minority shareholders | ||||
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TanSiBeiKu
Senior |
11-Jul-2017 12:43
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Base on latest FY results. Funds fee = US$181mm (+21% yoy) EPS from this Funds Management Business (recurring) approx SGD$0.053 Anyone any idea how to factor this into the book value of approx SGD$2.60 ? Thanks in advance.
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FATABA
Supreme |
11-Jul-2017 12:04
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No , it does not as it tough to put a bk value to that part of the invetment bz. ( correct me if I am wrong)
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