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Global Logistic
joshlai86
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30-Mar-2017 17:48     
 
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 Alert Admin 		I think potential bidders are all waiting for one another to launch the first binding bid. Don't want to show their cards first.
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gopguppy
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30-Mar-2017 17:18     
 
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In its previous update, it said shortlisted bidders will be invited to do due diligence. In this update, it says the bidders have commenced its due diligence. That is the only progress I see. Still waiting patiently.

Octavia      ( Date: 30-Mar-2017 17:13) Posted:



Latest update on strategic review.

The Company wishes to re-emphasise that all the terms of proposals received (including price) are non-binding. There is no certainty that any definitive transaction will materialise from, or that any offer will be made as a result of, any such proposals or the Strategic Review, and there is no certainty as to the terms of a transaction (if any). The Company will make an appropriate announcement in the event of any material developments.

http://infopub.sgx.com/FileOpen/Update_On_Strategic_Review_30032017.ashx?App=Announcement& FileID=445275

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Octavia
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30-Mar-2017 17:13     
 
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Latest update on strategic review.

The Company wishes to re-emphasise that all the terms of proposals received (including price) are non-binding. There is no certainty that any definitive transaction will materialise from, or that any offer will be made as a result of, any such proposals or the Strategic Review, and there is no certainty as to the terms of a transaction (if any). The Company will make an appropriate announcement in the event of any material developments.

http://infopub.sgx.com/FileOpen/Update_On_Strategic_Review_30032017.ashx?App=Announcement& FileID=445275
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AndyLoss
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30-Mar-2017 00:26     
 
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 Alert Admin 		Stop loss of 2.64-2.62 is Ok I guess......this risk is worth taking for this stock. The only thing is in case of sudden price drop...will the stop loss get teiggered :) Has anyone experienced :)

latebird2000      ( Date: 29-Mar-2017 22:01) Posted:



if you are too kancheong, very likelyhood you have over invested in this counter.

Might like to pare down a bit bro to have peace of mind.

My one, i prepared to pass it down to my grandkids :-)

 

AndyLoss      ( Date: 29-Mar-2017 20:58) Posted:



what is the current NAV - after the recent acquisitions :) 

 


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zstro99
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29-Mar-2017 22:18     
 
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 Alert Admin 		If it's going to be just a partial stake sale and not full privatization, the long term investors who are big on GLP are not going to be flustered by the immediate selling pressure from short term retail investors after the announcement. There's going to be enormous selling pressure because any price within a range of 2.07 to 2.75 is still going to be profitable for these short term investors who vested in prior to the news of the bid. You really need to be prepared to hold long long long if the partial stake scenario happens
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latebird2000
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29-Mar-2017 22:01     
 
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if you are too kancheong, very likelyhood you have over invested in this counter.

Might like to pare down a bit bro to have peace of mind.

My one, i prepared to pass it down to my grandkids :-)

 

AndyLoss      ( Date: 29-Mar-2017 20:58) Posted:



what is the current NAV - after the recent acquisitions :) 

 

mailaileh      ( Date: 29-Mar-2017 20:52) Posted:



Lol.  If  GIC  is willing to accept a  final  offer of 2.6/2.7, I am sure there will be alot of people who is willing to sell such that the final bidder is able to get at least > 50% shareholdings. Just think of how depressed the share price is before any speculation, and the no. of shareholders who had bought at different levels of share price. Even if you only joined the boat when it is at 2.2, you are making a speculative gain of 22% for holding only half a year.

The retail players who are not willing to accept the bid that GIC is willing to accept is not thinking clearly.

As to why would people be willing to sell at 2.8 if it is the final offer when they can sell it at the market at the same price, that is because people who are still long are hoping that the final offer could be above 2.8 even though the risk to reward ratio is not so strong now. And if everyone is trying to sell at 2.8 without an acquirer to make the bid, the market wouldn' t have enough liquidity to absorb the 2.8 sale.


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newbie24
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29-Mar-2017 21:34     
 
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 Alert Admin 		Either a deal above 3 or no deal. Not vested, so I think with a long term (a 10-15 years) horizon, no deal might be better.
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mailaileh
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29-Mar-2017 21:34     
 
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Assume final offer could be at  least  1x-1.2x of NAV is a  good gamble. :) But it is not meaningful to keep speculate everyday and track prices.

AndyLoss      ( Date: 29-Mar-2017 20:58) Posted:



what is the current NAV - after the recent acquisitions :) 

 

mailaileh      ( Date: 29-Mar-2017 20:52) Posted:



Lol.  If  GIC  is willing to accept a  final  offer of 2.6/2.7, I am sure there will be alot of people who is willing to sell such that the final bidder is able to get at least > 50% shareholdings. Just think of how depressed the share price is before any speculation, and the no. of shareholders who had bought at different levels of share price. Even if you only joined the boat when it is at 2.2, you are making a speculative gain of 22% for holding only half a year.

The retail players who are not willing to accept the bid that GIC is willing to accept is not thinking clearly.

As to why would people be willing to sell at 2.8 if it is the final offer when they can sell it at the market at the same price, that is because people who are still long are hoping that the final offer could be above 2.8 even though the risk to reward ratio is not so strong now. And if everyone is trying to sell at 2.8 without an acquirer to make the bid, the market wouldn' t have enough liquidity to absorb the 2.8 sale.


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FATABA
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29-Mar-2017 21:30     
 
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Another feather in their hat....GLP is growing from strenght to strenght ......there is NO way offer is going to be at NAV....joke.
​ Currently even a 30% or more premium cld be possible base on the potential interest and growth of Ecomm.

______________________________________________________________________________________________________________
Further syndication of 24.2% stake in Global Logistic Properties&rsquo US Income Partners III fund
By: 
PC Lee
29/03/17, 08:38 pm


SINGAPORE (March 29): Global Logistic Properties said it has clinched another &ldquo committed&rdquo co-investor who has made its initial capital contribution of US$79 million ($110 million) or a 24.2% stake in Harvest Logistics Holdings, otherwise known as the GLP US Income Partners III fund.

As previously announced, US$620 million of equity has already been committed to the fund by the company, through New Harvest Holdings, LLC, an indirect wholly-owned subsidiary of GLP and a limited partner of the fund as well as six institutional investors.


Meanwhile, capital contributions corresponding to 25.9% of the aggregate capital contribution to the fund have been made by three of the co-investors so far.

Following the completion of the further syndication, the interest of New Harvest in the fund and its subsidiaries has been reduced from 74.1% to 49.9%.

Accordingly, the fund and its subsidiaries have ceased to be subsidiaries of the company and have become associated companies of the company.

In Dec 2016, the modern warehouse provider set up GLP US Income Partners III to hold a new US$1.1 billion logistics portfolio acquired from Dallas-based developer Hillwood.

Shares of GLP closed at 1 cent lower at $2.77.
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AndyLoss
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29-Mar-2017 20:58     
 
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what is the current NAV - after the recent acquisitions :) 

 

mailaileh      ( Date: 29-Mar-2017 20:52) Posted:



Lol.  If  GIC  is willing to accept a  final  offer of 2.6/2.7, I am sure there will be alot of people who is willing to sell such that the final bidder is able to get at least > 50% shareholdings. Just think of how depressed the share price is before any speculation, and the no. of shareholders who had bought at different levels of share price. Even if you only joined the boat when it is at 2.2, you are making a speculative gain of 22% for holding only half a year.

The retail players who are not willing to accept the bid that GIC is willing to accept is not thinking clearly.

As to why would people be willing to sell at 2.8 if it is the final offer when they can sell it at the market at the same price, that is because people who are still long are hoping that the final offer could be above 2.8 even though the risk to reward ratio is not so strong now. And if everyone is trying to sell at 2.8 without an acquirer to make the bid, the market wouldn' t have enough liquidity to absorb the 2.8 sale.

MichaelSchenker      ( Date: 29-Mar-2017 09:50) Posted:



To answer your question 2, hypothetically, IF bidder wants 2.80 they would have tried to bring the price down (if they could) to below 2.50. This is simply to make their offer looks attractive and easier to get more shareholders to agree to the sale.

Also, why would shareholders agree to sell to the bidder at 2.80 if they can simply sell at the market for the same 2.80 instantly.

Just saying....

 


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mailaileh
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29-Mar-2017 20:52     
 
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Lol.  If  GIC  is willing to accept a  final  offer of 2.6/2.7, I am sure there will be alot of people who is willing to sell such that the final bidder is able to get at least > 50% shareholdings. Just think of how depressed the share price is before any speculation, and the no. of shareholders who had bought at different levels of share price. Even if you only joined the boat when it is at 2.2, you are making a speculative gain of 22% for holding only half a year.

The retail players who are not willing to accept the bid that GIC is willing to accept is not thinking clearly.

As to why would people be willing to sell at 2.8 if it is the final offer when they can sell it at the market at the same price, that is because people who are still long are hoping that the final offer could be above 2.8 even though the risk to reward ratio is not so strong now. And if everyone is trying to sell at 2.8 without an acquirer to make the bid, the market wouldn' t have enough liquidity to absorb the 2.8 sale.

MichaelSchenker      ( Date: 29-Mar-2017 09:50) Posted:



To answer your question 2, hypothetically, IF bidder wants 2.80 they would have tried to bring the price down (if they could) to below 2.50. This is simply to make their offer looks attractive and easier to get more shareholders to agree to the sale.

Also, why would shareholders agree to sell to the bidder at 2.80 if they can simply sell at the market for the same 2.80 instantly.

Just saying....

 

FATABA      ( Date: 29-Mar-2017 09:19) Posted:



 

 

There is a very simple FACT about many concern " if the deal didnt happen."
Now....assume an offer...which we know has to be above current prices.....let say 2.80 ( assume very very bad....which is unlikely )

1. So firstly GIC turn it down so GIC is saying GLP is worth more than 2.80
2. The bidders who was turn down ( offer 2.80 ) ....want this company at 2,80 right .....
​ So why should it drop a lot ?
​ AND if it does drop below ....do you think this bidder wld not buy in from the market ....collect over time and maybe give another offer down the road.
​ The bidders will start to accumulate and takeover this stock someday ....DYODD>
Again this is an investor stock NOT for trade I think
Happy investing.

 

 


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gopguppy
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29-Mar-2017 19:44     
 
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Haha. Well, this is my point of view. I may be wrong.

But the fact that GIC did not initiate any kind of collaboration between GLP and P3 (which makes a lot of sense), and both GLP and P3 are still functioning independently, and more recently GLP wants to buy its rival company Logicor,  made me realise that GIC is not interested or working towards establishing a global presence for GLP. Rather it is trying to capitalise on opportunities as much as possible and move on. 

Again I may be wrong. 

ShowMeMoneyp      ( Date: 29-Mar-2017 18:29) Posted:



Kind of short-sighted for quick money.   That' s why Singapore doesn' t have any truely global company.

gopguppy      ( Date: 29-Mar-2017 15:40) Posted:

Also GIC bought P3 a while ago, but did not request GLP to merge its business with P3. It also initiated the GLP sale offer. Hence my sense is GIC thinks now is the time to make good $$ from GLP.and it will sell. In a few yrs time it will sell P3 for good $$ too. GIC will not wait that long for GLP to merge Europe and go GLOBAL because that will take too long, and is beyond its usual investment holding period
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ShowMeMoneyp
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29-Mar-2017 18:29     
 
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Kind of short-sighted for quick money.   That' s why Singapore doesn' t have any truely global company.

gopguppy      ( Date: 29-Mar-2017 15:40) Posted:

Also GIC bought P3 a while ago, but did not request GLP to merge its business with P3. It also initiated the GLP sale offer. Hence my sense is GIC thinks now is the time to make good $$ from GLP.and it will sell. In a few yrs time it will sell P3 for good $$ too. GIC will not wait that long for GLP to merge Europe and go GLOBAL because that will take too long, and is beyond its usual investment holding period.

gopguppy      ( Date: 29-Mar-2017 15:24) Posted:

GIC did not bid for European warehouses. Its CIC. However GIC did buy P3. I believe P3 will go thru the same cycle as GLP. It will be sold when it receives a good offer in a few yrs time
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gopguppy
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29-Mar-2017 15:40     
 
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 Alert Admin 		Also GIC bought P3 a while ago, but did not request GLP to merge its business with P3. It also initiated the GLP sale offer. Hence my sense is GIC thinks now is the time to make good $$ from GLP.and it will sell. In a few yrs time it will sell P3 for good $$ too. GIC will not wait that long for GLP to merge Europe and go GLOBAL because that will take too long, and is beyond its usual investment holding period.

gopguppy      ( Date: 29-Mar-2017 15:24) Posted:

GIC did not bid for European warehouses. Its CIC. However GIC did buy P3. I believe P3 will go thru the same cycle as GLP. It will be sold when it receives a good offer in a few yrs time.

zstro99      ( Date: 29-Mar-2017 14:59) Posted:

It doesn't make sense to me for GIC to bid for European warehouses while selling China/Japan/US warehouses... Seems that a sale of GLP is not going to happen then...


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gopguppy
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29-Mar-2017 15:24     
 
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 Alert Admin 		GIC did not bid for European warehouses. Its CIC. However GIC did buy P3. I believe P3 will go thru the same cycle as GLP. It will be sold when it receives a good offer in a few yrs time.

zstro99      ( Date: 29-Mar-2017 14:59) Posted:

It doesn't make sense to me for GIC to bid for European warehouses while selling China/Japan/US warehouses... Seems that a sale of GLP is not going to happen then...

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zstro99
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29-Mar-2017 14:59     
 
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 Alert Admin 		It doesn't make sense to me for GIC to bid for European warehouses while selling China/Japan/US warehouses... Seems that a sale of GLP is not going to happen then...
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zstro99
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29-Mar-2017 14:34     
 
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 Alert Admin 		There will be selling pressure at end May if no deal because there are current shareholders who don't mind waiting now for the outcome due by end May but do not want to be vested beyond that (if no deal) for so long term. Remember GLP was trading for a long time below book value (around 0.7)..
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FATABA
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29-Mar-2017 14:05     
 
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Just imagine.....if GLP/GIC get this logicor and togther w P3 ....GLP would be the largest warehousing with real GLOBAL reach ....now complete with EUROPE too.  So ( JUST IF ) GIC turn down any offer and merge these....wow ....GLP is worth .....far far more .
​ So many opportunities are now open. Further....by end Mar/early Apri........GLP Q4 wld be completed....all bidders and GIC wld knw what is 2017 GLP results like ....worth more ?    U can guess and the dividend ( shld not be less than 6c) .

DYODD.....smell fireworks.

gopguppy      ( Date: 29-Mar-2017 12:41) Posted:



If GLP buys Logicor, and Blackstone buys GLP, wouldn' t logicor end up with Blackstone again? 

HiFive123      ( Date: 29-Mar-2017 12:26) Posted:

Looks like GLP is competing for a bigger pie in the logistic warehousing , thus increasing market share and value. --------


CIC, GLP AND MAPLETREE COMPETE FOR BLACKSTONE?S $14.1B IN EUROPEAN WAREHOUSES
2017/03/28 BY TYLER RONEY

Stephen Schwarzman
Blackstone Chairman and CEO Stephen Schwarzman
Over the last two years, US private equity giant Blackstone has already sold more than $17 billion in US properties to Asian investors. Now America?s biggest landlord is putting ?13 billion ($14.1 billion) in European warehouses on the block, and buyers from China and Singapore are said to be among the leading bidders.

Stephen Schwarzman?s alternative investment firm is shopping Logicor, a logistics real estate platform with around 12.7 million square meters (137 million square feet) of warehouses across Europe, to institutional investors as an alternative to an IPO.

According to a report this week in the Financial Times which cited sources close to the sale, Chinese sovereign wealth fund China Investment Corporation (CIC), Singaporean warehouse group Global Logistics Properties (GLP), and a joint venture between Singapore?s Mapletree and Temasek, are said to be on a shortlist to acquire Logicor in a private deal. If completed the sale of Logicor would be the largest logistics real estate deal in history.

Blackstone is reportedly looking for bids of $13 billion or more for Logicor, a number that includes the company?s debts, which make up 40 percent of its enterprise value. Logicor counts Amazon amongst its clients, is being brokered for sale by real estate investment brokerage Eastdil Secured.

GLP Contest Reflected in Logicor Deal

For CIC and GLP, the European investment opportunity comes at the same time that the two parties are discussing a similar logistics deal in Asia.

CIC is said to be among three bidders vying to acquire GLP and its $8.9 billion in warehouses spread across China, Japan and the America?s. Among the other potential buyers said to be shortlisted in the GLP sales process is Blackstone.

And GLP?s largest shareholder, Singaporean sovereign wealth fund GIC, has already been active in the European logistics market this year, having closed on the purchase of warehouse platform P3 for $2.7 billion. GIC?s purchase of the 3.3 million square metre portfolio from P3 was one of the largest real estate purchases in Europe in 2016.

Logicor IPO Still a Possibility in Growing Logistics Market


Logicor?s 13.6 million-square-metre portfolio
While a bidding between these three Asian powerhouses for Logicor indicates a sale, an IPO is ?still very much in the cards,? according to sources cited by the Financial Times. Goldman Sachs, Citi, Morgan Stanley and Merrill Lynch were all appointed to help Blackstone?s Logicor to an initial public offering earlier this month. If Blackstone were to list 30 percent of Logicor, according to Bloomberg, it would be one of the largest real estate IPOs in Europe ever
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Integrity
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29-Mar-2017 13:45     
 
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Loading up more to see fireworks, the date is getting nearer and nearer.
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gopguppy
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29-Mar-2017 12:41     
 
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If GLP buys Logicor, and Blackstone buys GLP, wouldn' t logicor end up with Blackstone again? 

HiFive123      ( Date: 29-Mar-2017 12:26) Posted:

Looks like GLP is competing for a bigger pie in the logistic warehousing , thus increasing market share and value. --------


CIC, GLP AND MAPLETREE COMPETE FOR BLACKSTONE?S $14.1B IN EUROPEAN WAREHOUSES
2017/03/28 BY TYLER RONEY

Stephen Schwarzman
Blackstone Chairman and CEO Stephen Schwarzman
Over the last two years, US private equity giant Blackstone has already sold more than $17 billion in US properties to Asian investors. Now America?s biggest landlord is putting ?13 billion ($14.1 billion) in European warehouses on the block, and buyers from China and Singapore are said to be among the leading bidders.

Stephen Schwarzman?s alternative investment firm is shopping Logicor, a logistics real estate platform with around 12.7 million square meters (137 million square feet) of warehouses across Europe, to institutional investors as an alternative to an IPO.

According to a report this week in the Financial Times which cited sources close to the sale, Chinese sovereign wealth fund China Investment Corporation (CIC), Singaporean warehouse group Global Logistics Properties (GLP), and a joint venture between Singapore?s Mapletree and Temasek, are said to be on a shortlist to acquire Logicor in a private deal. If completed the sale of Logicor would be the largest logistics real estate deal in history.

Blackstone is reportedly looking for bids of $13 billion or more for Logicor, a number that includes the company?s debts, which make up 40 percent of its enterprise value. Logicor counts Amazon amongst its clients, is being brokered for sale by real estate investment brokerage Eastdil Secured.

GLP Contest Reflected in Logicor Deal

For CIC and GLP, the European investment opportunity comes at the same time that the two parties are discussing a similar logistics deal in Asia.

CIC is said to be among three bidders vying to acquire GLP and its $8.9 billion in warehouses spread across China, Japan and the America?s. Among the other potential buyers said to be shortlisted in the GLP sales process is Blackstone.

And GLP?s largest shareholder, Singaporean sovereign wealth fund GIC, has already been active in the European logistics market this year, having closed on the purchase of warehouse platform P3 for $2.7 billion. GIC?s purchase of the 3.3 million square metre portfolio from P3 was one of the largest real estate purchases in Europe in 2016.

Logicor IPO Still a Possibility in Growing Logistics Market


Logicor?s 13.6 million-square-metre portfolio
While a bidding between these three Asian powerhouses for Logicor indicates a sale, an IPO is ?still very much in the cards,? according to sources cited by the Financial Times. Goldman Sachs, Citi, Morgan Stanley and Merrill Lynch were all appointed to help Blackstone?s Logicor to an initial public offering earlier this month. If Blackstone were to list 30 percent of Logicor, according to Bloomberg, it would be one of the largest real estate IPOs in Europe ever.

FATABA      ( Date: 29-Mar-2017 10:56) Posted:



I totally agreed w you which was why I quote " assume v v bad" .....I think offer is aro 20% abive bk or more.
​ anyway, most investors ( who have hold onto this for mths) .....are awaiting patiently ....vol trade are mainly some trades and BB scooping now.
​ Time will tell this offer is worth waiting :))


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