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Global Logistic
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FATABA
Supreme |
12-Jul-2017 10:18
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Agreed. Holding tight . 2.75 seem to be the wanted last traded price. ( from this mark we can add our premium for offer ) Again , after this 2nd FT report.....it shows the aim of pushing down the price to collect more shares yesterday. DYODD. Good luck /vested
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moneyspinner
Veteran |
12-Jul-2017 10:07
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Never be too greedy.   A bird in hand is better than 2 in the bush.   There are always opportunities in the market!😊 | ||||
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HiFive123
Member |
12-Jul-2017 10:03
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there are 2 married deals done so far   4000 lot @ 2.750  1300 lot @2.745  Price have been pushed down so that BBs can buy more. This tactic has been seen in the counter for many times. Noticed that the price was also at +/- 2.75 previously when such trading pattern was seen. Clearly something is brewing.
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toshiyosh
Member |
12-Jul-2017 10:00
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I think we can all learn from this ongoing experience. We are now in the midst of this arbitration and we can look at how our mind handle the pyschology of trading. As we all handle stresss differently, some will panic, some will stay cool, some will look to others for advice..etc. What is important as an individual us to learn from this experience so that we can better control of minds when the same situation happens again ...and it will in the future. |
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TMW1986
Master |
12-Jul-2017 09:17
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Those vested hold tight and ride on. Get dividends and waited for news in two months time. Should have something. But not sure the price. But i wont be surprise Warnu win the bid ending.
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lglg666
Supreme |
12-Jul-2017 08:56
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Who don't want to buy it at the cheapest if they can get that chance......wouldn't you? But will GIC want to sell at that price if they can help it? Worst case....no sale then the share price gets dumped....then everybody including the funds will end-up as losers. The likely thing to happen is that the Chinese consortium will most likely to take control and takeover this GLP at the end of the day and paying a premium of 10-20% the last done price. That why the share price is pressed down after hitting $3 but since the FT article it has gone down to present $2.70 and the halt may come anytime soon. Hold on to your hat for that announcement soon. Take UE as example....Huat Ah!!
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TMW1986
Master |
12-Jul-2017 08:48
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Wont be as cheap as 2.70 for sure. There should be a fair value to GLP. Cosco willing to pay so much fof OOCL recently. And i think the Chinese consortium include thd second largest insurance company in China plus Jack Ma Alibaba maybe also joining. At least 3 dollar will be a fair value. If not i wont sell also. :)
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sgng123
Supreme |
12-Jul-2017 02:12
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China investors want it cheap it take it or leave it. No deal done then u see GLP collapsing all the way back to 1.80 pre sale level. It load and dump move by big speculators, don get caught in it. The guarantee win is gov privatisation, 100% deal done as deal being negiotiated long time. | ||||
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mintymint
Member |
11-Jul-2017 23:38
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It piqued me that FT as a financial news outlet FT uses sensationalism and becoming like a tabloid. Seldom you will see self-respecting news agencies using sensational headlines, something tabloids will do for their desired purposes. FT's recent headlines read as:
@ Private equity players turn their back on GLP?s landmark asset sale
@ GLP sale at risk of foundering over China assets
Let us be alert with whatever news sources but also be rational what we really want. As retail investors, the price movement is beyond our control if we have already bought the shares. We can only take the approach best suits our risk appetite to sell to take some profits, to wait longer for higher profits if the deal materialises, to cut loss w.r.t. breakeven price, or be a long time investor if the deal calls off.
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TMW1986
Master |
11-Jul-2017 23:14
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Doesnt matter who win lehz. If offer price at least $3, then all shareholders gain. But i really curious why even though there is firm bids and share price drop? For what? Unless offer price much lesser. But i think with recent cosco takeover oocl at 20% on top of the last traded price, GLP will deserve more than that.
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AndyLoss
Master |
11-Jul-2017 22:52
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but both tbe times the FT article was correct
- other bidders moving out
- China angle
both are valid points and have rightly impacted the stock price.
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FATABA
Supreme |
11-Jul-2017 22:46
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Thanks for bringing up ....u are sharp .  Indeed both articles are written by the same person with ONE same objectives....and is to bring the price down. Agree that GLP cant and may not response to every article ....BUT SGX is really sleeping ?  Sharp drop and offer NO query ...whereas a few cents up they will query .....whatever, I think this article did some damage to GLP/GIC and they do need to handle this biding issue properly and more so quickly . I still think above $3 is a possibility and Chinese gp has put in a bid BEFORE this happened. And binding
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TMW1986
Master |
11-Jul-2017 21:22
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Yea. Doesnt care who wins. As long as it is 3 dollar most of the shareholder gain. Huat arh. I think about two months will know management decision. For now is just collect the 6 cents dividends. And hold on.
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chaotar
Member |
11-Jul-2017 21:07
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Today' s short sell volume 3,594,100 at average $2.78. | ||||
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toshiyosh
Member |
11-Jul-2017 20:57
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I hv to agree with your findings. In my opinion, first....smart money is in the GLP market now.  Force down the price to collect as many shares possible for greater gains.   Second, eventually there can only be one winner.  And the only group left are the Chinese. The next step is to see their recommended buying price. And as share holders, I believe it would be held to a vote to sell or hold.  
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mtan019
Member |
11-Jul-2017 20:57
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Stay calm and collected dividend. If you are long term investor, you shouldn't worry about this as the value of GLP is known to all. | ||||
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TMW1986
Master |
11-Jul-2017 20:50
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Ending part to bring down the share price, those fund or trader will place a last sell queue to prevent price from going up. Lets see tml how GLP perform. For now i think as long as got take over, be it who win the bid, the bid will be at least 3 dollar which is very decent.
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mintymint
Member |
11-Jul-2017 20:17
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At early 4pm plus, at a particular price, the buy queue was 1 million plus, sell queue 500k plus, with a few short minutes the buy queue and sell queue immediately reversed at the same price whereby buy queue 500k plus and sell queue 1million.
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mintymint
Member |
11-Jul-2017 20:12
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Although it would be ideal for GLP to give updates more regularly other than their monthly update. They did respond to the FT article just " very recently" and GLP had also noted about " noises" in their statement. The FT writer is a uk' s indian writer based in Singapore. Why would a foreigner relentlessly write articles every now and then and publish them at strategic timings - 1 week before deadline and today' s situtaion happened when most major stock counters also had a sell-down. Both timings are opportunities to trigger a " heavy" sell down, to shorties' advantage, or for buyers to buy the shares cheaper.  In short, we also cannot expect all the companies listed on the stock exchanges to give a clarification or make a statement EVERYTIME or WHENEVER there is a news article writing something hearsay, or worst when the article was written at the whims of the writer or with a hidden agenda which cannot be unsubstantiated  FT articles concerning GLP are becoming tabloid, you will notice the respectable news sources like Bloomberg, Reuters and even our Business Times usually didnt want to immediately publish their own reporting on the same topic with reference to GLP which has originated from FT, particularly FT' s recent sensationalising reporting. I think i got more informaion from Mingtiandi articles than FT' s |
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Andrewtan18
Senior |
11-Jul-2017 20:09
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I recall in the forum in 2016 someone expressing frustration at GLP price saying how whenever it crept up there would always be a sudden unexplained sharp drop.  Well, can you imagine GLP was languishing at $1.80 before this hooha takeover thng came about and suddenly people are writing about its book value and potential.  A company with book value of $2.56 trading at $1.80 is at 30% discount. This is not normal if all we hear about the future of e-commerce and potential for logistic business is real and not a hype.  My strong belief is that the Chinese shareholders in GLP have been priming the stock price for this eventuality for at least a year already.  This time, should GLP ever go below $2 if the sale does not materialise, GIC should go in and scoop up the supply because that level is probably stage managed.  |
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