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Capitaland
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investshare
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23-Jun-2017 10:34
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That's almost $1b market cap wiped off
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mintymint
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23-Jun-2017 10:34
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let us not forget that trading halt due to calling off tender (if happens) in GLP' s case, is different from other trading halts due to bad financial news in the company books. GLP is still a stable company which has a Price/Book Value = 1 and P/E Ratio = 13.346. |
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AndyLoss
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23-Jun-2017 10:33
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Temasek and China - so there would be two :)
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bigpicture
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23-Jun-2017 10:31
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Weird thing is it managed to hit a high of $3 yesterday & today come this FT article not bloomberg or reuters(how reliable?) Seems like manipulation at play.
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gopguppy
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23-Jun-2017 10:30
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Totally agree. The sour grapes knew they cannot outbid the chinese, and provide a pathethic excuse that the process is not fair. All along they know that they have to work with the chinese even if they win the bid, so why make so much noise now? This is crunch time for GLP and GIC. It has to come out and very strongly to defend its process, its independence and integrity in evaluation. Too much resource and time has already been committed so I strongly believe the bid process will be completed. I hope the chinese consortium will not use this as an opportunity to lower their bid, and also the investors can see through the unprofessional conduct of the sour grapes and continue to believe in GLP and hold on to their shares. And finally for GIC to sell if the offer price meets its expectations, even if there are no other bidders.
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mintymint
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23-Jun-2017 10:24
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Have not heard of these pes KKR, RRJ and TPG were the bidders in the past months. What&rsquo s up with Vanke and Blackstone? News articles: 16 June 2017 - China Vanke Co., a logistics partner of Blackstone Group LP in China, is in talks to join a management-backed consortium bidding for warehouse operator Global Logistic Properties Ltd., people with knowledge of the matter said. 23 June 2017, FT - Private equity groups Blackstone, KKR, RRJ and TPG are among those who have looked at the GLP auction and have decided against making a comprehensive offer, according to eight people involved in the process. |
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tanakow
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23-Jun-2017 10:16
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You want to bet?
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pool100
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23-Jun-2017 10:14
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If only left with one bidder, I' m pretty certain that the deal would be off and GIC won' t proceed with the tender. | ||||
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moron101
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23-Jun-2017 10:14
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Bidders last minute's withdrawal is quite common lah.. Even the deal is called off, the value of GLP is still intact and will maintain at least at Book value. I think it is also good for GIC to keep this Gem.. | ||||
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sgng123
Supreme |
23-Jun-2017 10:09
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U new to stock? Everytime this kind of halt pending to losses 90% ended up in more losses after halt removed. Trade on rumor Sell on news.
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FATABA
Supreme |
23-Jun-2017 10:07
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Nothing bad ......all u know the Chinese bid is the highest .......angmo knows cant out bid now. So FT report and buy up more shares......maybe they may counter bid when Chinese bid is out LOL Never know......let see who get this gem eventually Fight ONLY get more serious now.
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9hly99
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23-Jun-2017 10:06
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I read In the newspaper article sometime ago that an executive from glp is involved so the bidders should know. It is normal for bidders to withdraw and sellers to terminate the process. | ||||
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tanakow
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23-Jun-2017 10:06
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What is the big shit you said was coming? From your mouth?
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MekMiRic
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23-Jun-2017 10:06
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likely a statement on the governance of the sale process.
reassurance that vested internal parties are not privy to the process. if there are already receiced bids, they might also say so. unlikely to close the deal as unfair to those who still expected 30 June.
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lglg666
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23-Jun-2017 10:06
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All these rules were made known at the start of the process therefore the timing of this move by some of the "ang mo" funds leave a sour taste to the mouth. Serious doubts should be raised as to their credibility and unprofessional conducts. If the process is being canceled then it's GIC failure because they are easily blackmailed into doing so. Therefore the only outcome to this is to complete the whole bidding process and then decides whether to sell or not. GIC should mann up now or will be pushing about in future.
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sgng123
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23-Jun-2017 10:03
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Nice, could short when halt rem9ved would move down a lot if gic drag it feet on offer. FT report done on purposed to pull down market expectation, trade on uncertainty.
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MekMiRic
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23-Jun-2017 10:02
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the article had a few mischievous suggestions.
it suggested that the ang mo pes don't think there's fair play. it then alluded to a glp sale of assets that went below market value. thus insinuating if the sale went on, it will be at below market value. but the logic does not stand. gic wants to enhance shareholder value - which means price is primary. so, the ang mo pes have to increase their price. but then to claim no fair play and the chinese will get it below value? just say lah not willing / not able to put in a competitive offer... i am still vested ... but DYODD |
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pool100
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23-Jun-2017 10:02
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If GIC doesn' t get the number of bidders required, the deal could be off, as per a normal tender process. A re-tender could be called or tender called-off indefinitely. After all if GIC doesn' t get the price they want, they don' t have to sell. |
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AndyLoss
Master |
23-Jun-2017 09:55
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yes...now the credibilitybis at stake :)
if they cancel now...it wpuld mean..something qrong was happening...
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FATABA
Supreme |
23-Jun-2017 09:55
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Totally agreed .....JUST BE patient. For mths ...these bidders dont know that CEO is involved? ONLY now today a few days before the final closing ....LOL Kids play of $B involved. SO PLS DO YR OWN analysis, A lot of hawks are awaiting to enter and buy at a low prices.....whatever, time will tell DONT Forget GLP is profitable and having a 6c dividend too . Who buy up 25M shares this morning w this news ? DYODD
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