Back

Latest Forum Topics / Global Logistic

Post Reply

Global Logistic Post Reply Rate topic
investshare Supreme	03-Jul-2024 13:02        investshare About Contact  Quote this Post!
x 0   x 0  Alert Admin	Don't know how the market will interpret the announcement? If there is news from Bloomberg or Reuter will provide some guidelines.
Useful To Me  Not Useful To Me
us9392 Member	03-Jul-2017 07:54        us9392 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Likely a scheme of arrangements , aka ARA delisting....DYOHW.
Useful To Me  Not Useful To Me
tanakow Member	03-Jul-2017 07:24        tanakow About Contact  Quote this Post!
x 0   x 0  Alert Admin	Why cannot even announce number of proposals? Something fishy. investshare      ( Date: 03-Jul-2017 07:05) Posted: More than 1 proposal received, but not takeover?
Useful To Me  Not Useful To Me
moneyspinner Veteran	03-Jul-2017 07:20        moneyspinner About Contact  Quote this Post!
x 0   x 0  Alert Admin	Proposals to slice and dice GLP to maximise shareholders value???   Partial sale of GLP? More JVs?😳 investshare      ( Date: 03-Jul-2017 07:05) Posted: More than 1 proposal received, but not takeover?
Useful To Me  Not Useful To Me
joshlai86 Veteran	03-Jul-2017 07:19        joshlai86 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Sure have conditions attached. One of it would be for the bid to be binding only if GIC agrees to sell their stake. That's why it is still non binding now even though firm proposals received.
Useful To Me  Not Useful To Me
MekMiRic Member	03-Jul-2017 07:14        MekMiRic About Contact  Quote this Post! Style: Flexible   Mood:
x 0   x 0  Alert Admin	how much longer.....
Useful To Me  Not Useful To Me
investshare Supreme	03-Jul-2017 07:05        investshare About Contact  Quote this Post!
x 0   x 0  Alert Admin	More than 1 proposal received, but not takeover?
Useful To Me  Not Useful To Me
investshare Supreme	03-Jul-2017 07:03        investshare About Contact  Quote this Post!
x 0   x 0  Alert Admin	Global Logistic Properties Limited (the ?Company?) refers to its previous announcements1 (the ?Previous Announcements?) in relation to the independent strategic review of options available for its business (the ?Strategic Review?). Further to the Previous Announcements, the Company would like to update that it has on 30 June 2017 received firm proposals from shortlisted bidders for final evaluation. All of the proposals received are non-binding and are subject to regulatory approvals and other conditions. Such proposals do not constitute an intention on the part of any shortlisted bidder to make an offer for the purposes of Rule 3 of the Singapore Code on Take-overs and Mergers. The Special Committee is now conducting an in-depth and independent review of all terms of the proposals in consultation with the Company?s external advisers. The Company will continue to provide timely updates, including making an appropriate announcement once the evaluation is completed, or in the event of any material developments. The Company wishes to reiterate that there remains no certainty that any definitive transaction will materialize from, or that any offer will be made as a result of, any proposals received or the Strategic Review, and there also remains no certainty as to the terms of a transaction (if any). All shareholders are reminded to refrain from taking any action in respect of their shares or other securities in the Company which may be prejudicial to their interests, and to exercise caution when dealing in such shares or other securities. If shareholders are in any doubt as to the action they should take, they are advised to contact their stockbroker, solicitor, accountant, tax adviser or other professional advisers immediately.
Useful To Me  Not Useful To Me
Bloodbro Member	02-Jul-2017 17:25        Bloodbro About Contact  Quote this Post!
x 0   x 1  Alert Admin	Just to add, both will submit strong bids for the ecommerce assets. Prologis is trading at 2x book value while a recent takeover bid on CWT was valued at 1.5x book. GLP only 1.1x book now. Not to mention Chinese cash rich wants to take money out of China. Expect no less than a strong bid. Bloodbro      ( Date: 30-Jun-2017 22:57) Posted: Theoretically bid should be min 3.20. Current price is only abt 1.1x p/b. Too cheap for a good logistics co. Both parties have own agenda. Warburg wants to ipo the assets to monetise. Chinese want control of ecommerce supply chain esp with a alibaba fund joining. just puzzling why Sellers came out today. Hoping for the best. Keep the faith!
Useful To Me  Not Useful To Me
Bloodbro Member	02-Jul-2017 17:21        Bloodbro About Contact  Quote this Post!
x 0   x 0  Alert Admin	Will the bid prices be announced tomorrow morning? Or have to wait again for GLP to review first?
Useful To Me  Not Useful To Me
Andrewtan18 Senior	02-Jul-2017 16:26        Andrewtan18 About Contact  Quote this Post!
x 0   x 0  Alert Admin	On the contrary. Whoever that is buying in must ask themselves how much control they can exercise over this business. The Chinese gangs have so much of their fingers in the whole setup that one wonders if you get to have a say after putting in all the money.  GIC sold a pct of the company to Hillhouse at book value with no premium thinking they will gain from the association and they have in the way the business in China has been built with the Chinese connection. But, at the end of the day, do they not feel that it is the Chinese in de facto control of everything ?  Remember, Soochow Industrial Park and how the Chinese screwed Singapore investors until we reduced our majority shares before started to let things happen.  Well, GIC is being naive to leave things to the Chinese thinking this will grow the business. It will, except that it will be at the expense and risk using GIC capital after which they will make them cough out everything back to them.  These mainland Chinese do not care about governance. It is all about " guang si" . That Fang Fenglei is a prime example. Graduate in Chinese linguistic and he dabbles in business through networking.  What the the GLP CEO is doing in all those start-up investments is called front running.  I dont have much faith in the independence of that GLP Chairman, Seek Ngee Huat, retired as GIC Real Estate head and said to have worked very closely with CEO Ming in building up GLP.  While CEO can recuse himself from conflict of interest situation, the Chairman is a close proxy.  toshiyosh      ( Date: 02-Jul-2017 12:39) Posted: I refer to Docstock' s link. If I read the link correctly, this is interesting and I believe the chinese consortium would have to win this. Why? The investment that GLP has in the 4 start ups, would now become a backdoor entry for their American counterpart to now have a share in these investments and others.   Definitely an added advantage for the Americans. To deny them this opportunity, the chinese would now have to outbid the Americans. As simple as that, now retain full ownership of the 4 start ups.   Care to share your thoughts and opinions? Docstock      ( Date: 01-Jul-2017 21:26) Posted: https://www.mingtiandi.com/real-estate/logistics/glp-ceos-vc-firm-took-stakes-in-4-china-startups-ahead-of-glp-investments/
Useful To Me  Not Useful To Me
hapygolucke Master	02-Jul-2024 09:46        hapygolucke About Contact  Quote this Post!
x 0   x 0  Alert Admin	both bidders can scoop up shares fm market up to their offer bid now....chiong ahhh.....
Useful To Me  Not Useful To Me
toshiyosh Member	02-Jul-2017 12:39        toshiyosh About Contact  Quote this Post!
x 0   x 0  Alert Admin	I refer to Docstock' s link. If I read the link correctly, this is interesting and I believe the chinese consortium would have to win this. Why? The investment that GLP has in the 4 start ups, would now become a backdoor entry for their American counterpart to now have a share in these investments and others.   Definitely an added advantage for the Americans. To deny them this opportunity, the chinese would now have to outbid the Americans. As simple as that, now retain full ownership of the 4 start ups.   Care to share your thoughts and opinions? Docstock      ( Date: 01-Jul-2017 21:26) Posted: https://www.mingtiandi.com/real-estate/logistics/glp-ceos-vc-firm-took-stakes-in-4-china-startups-ahead-of-glp-investments/
Useful To Me  Not Useful To Me
investshare Supreme	02-Jul-2017 10:48        investshare About Contact  Quote this Post!
x 0   x 0  Alert Admin	They have to make announcement before market open.
Useful To Me  Not Useful To Me
bigpicture Member	07-Mar-2024 17:29        bigpicture About Contact  Quote this Post! Style: Technical
x 0   x 0  Alert Admin	Truly agree...it makes no sense for loads of bidders with few potential ones valueing GLP's true value as a whole especially, like preferring partial sale or low bids maybe they only need part of the business. It's good they are not shortlisted which shows GLP wants to sell the biz as a whole. If any bidder thinks they can give a low or average bid, can walk away winning the bid den that is wishful thinking. It is good to be left with 2 powerful ones who truly knows the value of GLP...den small ones with no deep pockets(who definitely will complaint). And of cos to win the bid, the winning price must be a price that can shut everyone's mouth with no more complaints of conflict of interest or whatsoever fairness... As of other funny reports that come out harping on conflict of interest or low bid prices etc.. i think we must think carefully in case taking the wrong move n not fall for the traps ( the real intention of these reports) must remember always that bids are already IN! gopguppy      ( Date: 02-Jul-2017 10:03) Posted: While I understand the rationale of fewer bidders leading to a lower winning bid, my sense is it does not make a difference in this case. This is because, irrespective of the number of bidders, only a handful have the financial muscle to buy GLP. And all that muscles have already sent in their bids i.e. Chinese, Warbug, Blackstone. Let' s be honest. Even if they are 10 bidders, most likely it is these three bidders who are going to quote the higher bids. So is there any difference? So at the end of the day, it all depends on how hungry these guys are to buy GLP. And if the bidding process is truly independant and professional, they will send in their highest bids possible without knowledge of any insider tips. They will put in a bid they think is a fair value to buy GLP and that' s it. If they think because of fewer bidders they can scrimp on the premium, than that will be a huge miscalculation on their part. Just like you I am vested and hope to see a value that is worth our wait! Docstock      ( Date: 02-Jul-2017 09:23) Posted: This exerp is from smartkarma cannot get whole article. Becos subscription only. But implication is that fewer bidders, transaction price may be closer to $3.00 than $3.50 which is what they thought fair value premium would be in multi horse race. I am vested and am Long term believer in GLP but short term difficult to swallow if price drops significantly if no deal and end up losing or kosong profit
Useful To Me  Not Useful To Me
gopguppy Veteran	02-Jul-2017 10:03        gopguppy About Contact  Quote this Post!
x 0   x 0  Alert Admin	While I understand the rationale of fewer bidders leading to a lower winning bid, my sense is it does not make a difference in this case. This is because, irrespective of the number of bidders, only a handful have the financial muscle to buy GLP. And all that muscles have already sent in their bids i.e. Chinese, Warbug, Blackstone. Let' s be honest. Even if they are 10 bidders, most likely it is these three bidders who are going to quote the higher bids. So is there any difference? So at the end of the day, it all depends on how hungry these guys are to buy GLP. And if the bidding process is truly independant and professional, they will send in their highest bids possible without knowledge of any insider tips. They will put in a bid they think is a fair value to buy GLP and that' s it. If they think because of fewer bidders they can scrimp on the premium, than that will be a huge miscalculation on their part. Just like you I am vested and hope to see a value that is worth our wait! Docstock      ( Date: 02-Jul-2017 09:23) Posted: This exerp is from smartkarma cannot get whole article. Becos subscription only. But implication is that fewer bidders, transaction price may be closer to $3.00 than $3.50 which is what they thought fair value premium would be in multi horse race. I am vested and am Long term believer in GLP but short term difficult to swallow if price drops significantly if no deal and end up losing or kosong profit. Docstock      ( Date: 02-Jul-2017 09:18) Posted: The  objectives of writing this piece are to recap Friday' s reports of bidders for  Global Logistic Properties Ltd (GLP SP)  dropping out of the process and to reiterate our belief that GLP is worth S$3.50 or more based on its unique position in China. However, we also concede that credible reports  of a smaller number of final bids (just two or three) could result in the winning bid being closer to  S$3.00 per share than our target price of S$3.50 or more.  Shares of GLP opened down -10% on heavy&hellip
Useful To Me  Not Useful To Me
Docstock Member	02-Jul-2017 09:23        Docstock About Contact  Quote this Post!
x 0   x 0  Alert Admin	This exerp is from smartkarma cannot get whole article. Becos subscription only. But implication is that fewer bidders, transaction price may be closer to $3.00 than $3.50 which is what they thought fair value premium would be in multi horse race. I am vested and am Long term believer in GLP but short term difficult to swallow if price drops significantly if no deal and end up losing or kosong profit. Docstock      ( Date: 02-Jul-2017 09:18) Posted: The  objectives of writing this piece are to recap Friday' s reports of bidders for  Global Logistic Properties Ltd (GLP SP)  dropping out of the process and to reiterate our belief that GLP is worth S$3.50 or more based on its unique position in China. However, we also concede that credible reports  of a smaller number of final bids (just two or three) could result in the winning bid being closer to  S$3.00 per share than our target price of S$3.50 or more.  Shares of GLP opened down -10% on heavy&hellip
Useful To Me  Not Useful To Me
Docstock Member	02-Jul-2017 09:18        Docstock About Contact  Quote this Post!
x 0   x 0  Alert Admin	The  objectives of writing this piece are to recap Friday' s reports of bidders for  Global Logistic Properties Ltd (GLP SP)  dropping out of the process and to reiterate our belief that GLP is worth S$3.50 or more based on its unique position in China. However, we also concede that credible reports  of a smaller number of final bids (just two or three) could result in the winning bid being closer to  S$3.00 per share than our target price of S$3.50 or more.  Shares of GLP opened down -10% on heavy&hellip
Useful To Me  Not Useful To Me
moneyspinner Veteran	02-Jul-2017 09:04        moneyspinner About Contact  Quote this Post!
x 0   x 0  Alert Admin	All depends on what' s in the mind of GIC and what are their plans for GLP.   Are there better investment options after getting rid of GLP?   Does holding on to GLP make more sense in the current economic environment?   To be realistic, GLP has the potential to become a global brand for Singapore which is difficult to achieve if start afresh again! AndyLoss      ( Date: 02-Jul-2017 00:32) Posted: or make the bids public and let them counter bid each other..... best way I guess. moneyspinner      ( Date: 02-Jul-2017 00:08) Posted: Or not to sell it at all and run it as is which is not bad an option as eCommerce is the trend of the day
Useful To Me  Not Useful To Me
AndyLoss Master	02-Jul-2017 00:32        AndyLoss About Contact  Quote this Post!
x 0   x 0  Alert Admin	or make the bids public and let them counter bid each other..... best way I guess. moneyspinner      ( Date: 02-Jul-2017 00:08) Posted: Or not to sell it at all and run it as is which is not bad an option as eCommerce is the trend of the day! gopguppy      ( Date: 01-Jul-2017 23:24) Posted: Actually this whole conflict of interest stories in the chinese group will play into the hands of the Americans. GIC will be pressured not to offer this to the Chinese but to the Americans instead. Nevertheless, I hope that at the end of the day, the final decision will be purely a commercial decision.
Useful To Me  Not Useful To Me

                                                         First   < Newer   661-680 of 6571   Older>   Last