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Global Logistic
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chengwh1
Elite |
06-Jul-2017 14:50
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If the counter is good, if the deal is off, then we can wait for another deal. It' s back to BAU - business as usual if there is no deal. There might be a small knee-jerk reaction from a fall in the SP because of the people who bought due to the impending buyover. If there is no change in the fundamentals, this will be a good time to buy up more units.
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subaru
Senior |
06-Jul-2017 13:58
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anyone want to attend the AGM on 28 July? this could be the last AGM. | ||||
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FATABA
Supreme |
06-Jul-2017 13:52
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Review can take time if the offer is complex coming with a lot of conditions ...or quick if outright. ( whatever, bidders know GLP business well and so I dont expect the offer to be very complex) Separately ( for long term investor) ..EVEN IF the deal is OFF, its NOT all that bad.....one we know Temasek was interested too. The book value is 2.57 and very profitable with $B under its mgt business. GLP is continuing to be a leader in the Ecomm warehouse business. Those who fail to buy GLP this round would be v interested to collect its share on the cheap in the market .....so I really dont expect any bug fall ( maybe a knee jerk reaction ) However, I think serious bids would be presented. Just wait and be patient ....:)) ( anyway we have all waited for many mths)
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AndyLoss
Master |
06-Jul-2017 12:42
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how long the review will take :) anyone with past experience, if the deal is called off then how long do the companies generally take ? | ||||
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chengwh1
Elite |
05-Jul-2017 18:29
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YES,... you get paid your dpu normally to wait, you get your cashflow as if nothing special is happening (which is true, isn' t it ?? Nothing has actually happened yet, lots of talk and talk,.... but ALL are NON-BINDING here and there). So,...wait till your Offer Price is disclosed (if that day should come), then we see from there ! The offer could be better or could be worse than Croesus' . Hence, based on the above,... it' s anytime better than Croesus' arrangement.
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mailaileh
Veteran |
04-Jul-2017 20:49
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How is the situation very much better than CRT? Because you get to collect dividends? Come I clap for you
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AttasBoss
Elite |
04-Jul-2017 20:27
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Traded at 1.80 range before strategic review released on Nov16...what u think
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twinpower
Member |
04-Jul-2017 20:06
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NAV as of march 2017 is $2.6+. So there should be some support at this level. However i personally believe the price will drop below nav if the takeover does not materialise, then slowly climb up back.
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Andrewtan18
Senior |
04-Jul-2017 19:22
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Until it hits solid ground. Lol | ||||
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AndyLoss
Master |
04-Jul-2017 19:15
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how much can the stock fall if no deal.. ?
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chengwh1
Elite |
04-Jul-2017 18:19
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Fron shareholders' point of view, we are being paid to wait (dividend policy is still running), it is still okay,... no difference from the time before any bids came along. To me, this situation is very much better than what Croesus Retails Trust is doing to its unitholders. | ||||
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gopguppy
Veteran |
04-Jul-2017 17:30
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It wld be hugely embarrasing and probably a slap in the face if GIC did not go ahead with the sale. Its credibility is at stake, not to mention the time, $, effort put in for many mths. So my sense is even if there is only 1 bidder, to save face, GIC will try to negotiate for the best offer and close the deal. People may complaint abt the process, but GIC has more to lose by not going ahead with the sale than to put up with the complaints. DYODD.
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jeremiah71
Member |
04-Jul-2017 14:36
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It sounds like the the non-binding bid is non-binding as they haven' t been able to access the data they need...the other bidders dropped out because they couldn' t get what they needed either. If that doesn' t change for this non-binding bidder they will not go ahead, and with only one firm bidder I doubt there would be a sale by GIC given the deeply-flawed process we have seen. | ||||
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joshlai86
Veteran |
04-Jul-2017 13:35
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if the sources are true, one is binding while the other is not. That may explain the tepid performance of the share price the past few days. Only one bid is firm and binding.
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FATABA
Supreme |
04-Jul-2017 12:12
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Nothing change.....expected 2 strongest bidder. Interesting is what said about Blackstone " " will consider joining one of the bidding groups at a later stage or buying some assets from the winner," " Wld this be possible .....split up GLP ...or what . ( so they do have plan already or seeing the truth value of GLP ) Wait is getting interesting day by day
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AndyLoss
Master |
04-Jul-2017 12:10
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How come 2nd round...and this is old news..
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joshlai86
Veteran |
04-Jul-2017 11:27
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Chinese Group, Warburg Said to Submit Second-Round GLP Bids (1) 2017-06-30 12:41:35.501 GMT By Jonathan Browning, Joyce Koh and Cathy Chan (Bloomberg) -- A management-backed investor group and a Warburg Pincus consortium submitted second-round bids to acquire Singapore&rsquo s Global Logistic Properties Ltd., according to people familiar with the matter, in what is set to be the largest Asian buyout. The management consortium, which includes Chinese private equity firms Hillhouse Capital Management and Hopu Investment Management, made a binding proposal for the $9.8 billion warehouse operator by Friday&rsquo s deadline, the people said, asking not to be identified because the discussions are confidential. An investor group led by Warburg Pincus submitted a non-binding offer, which is conditional on getting access to further detailed information about the business, the people said. Blackstone Group LP didn&rsquo t make a standalone bid by the deadline, according to the people. The U.S. private equity firm will consider joining one of the bidding groups at a later stage or buying some assets from the winner, the people said. RRJ Capital, which had earlier been weighing a bid for the company together with Temasek Holdings Pte unit Seatown Holdings Pte, also decided not to submit an offer, the people said. Warburg Pincus was considering a joint offer with its own logistics business E-Shang Redwood Ltd., people with knowledge of the matter have said. Chinese investors including e-commerce operator JD.com Inc., an arm of Ping An Insurance Group Co. of China and property developer China Vanke Co. were in talks to join the management group, which is led by GLP Chief Executive Officer Ming Mei, a person with knowledge of the matter said this month. Blackstone had been among suitors selected to proceed in the bidding earlier in the process, while RRJ Capital had been considering a joint offer with Temasek Holdings Pte unit Seatown Holdings Pte, people with knowledge of the matter said earlier. |
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us9392
Member |
04-Jul-2017 09:13
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Hellberg analysis comes from perfect market equilibrium conditions, where a large number of buyers will move the price higher. Just like in the FX market where thousands of bidders join in to move the price to meet the sellers. However this does not apply to M& A of GLP as all perfect conditions are not in place. Like the limited number of players who are of substantial financial power to determine the final price and perfect product knowledge. With drop out rate of tiny players left far behind the price que. That said, there are other measures of price determination, based on equity valuation.( PE, BV & EV) The lastest M& A done like amazon/ whole food , ARA delist are transacted close to EV. The offerer has to take in the debts into the final price besides the assets The final say now lies with GIC and the many ( over 100 Financial Insti) vested view of an acceptable final price..............DYOHW |
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wong77
Member |
04-Jul-2017 08:11
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It' s not the analysts' fault. If SmartKarma paid u to generate " intelligent-sounding" comments, what would u do? unfortunately cannot smoke us. 
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jeremiah71
Member |
03-Jul-2017 16:09
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what are properties in china worth if you can' t make any money on them (as they have effectively proven and even GIC seems to understand). that' s what is intriguing. | ||||
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