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Global Logistic
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tanakow
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24-Jun-2017 00:57
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Heng Ah!. I never listened to Sgng123 bullshit and bought a few lots soon after the market opened.
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investshare
Supreme |
24-Jun-2017 00:50
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Anyone cut loss today?
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gopguppy
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23-Jun-2017 23:32
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Yeah, I was expecting a strong reaction from GLP that will defend itself against the baseless allegations on its CEO and its governance. I even expected GLP to mention in its reponse that it will " consider taking legal actions" against the sour grapes. So I was quite disappointed about how GLP responded. They, unfortunately, chose to remain neutral and just reiterate the independance of the bidding evaluation. Maybe GLP does not wish to stir up the mess more than what the fake news has created. But if I am the CEO, I will mention that I intend to take legal action against the allegations to protect my integrity and that of GLP.
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anonymoustrader
Member |
23-Jun-2017 23:04
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actually if this is just a hoax, its will be a case of defamation against the CEO. GLP should do something to protect the reputation of the CEO and its governance as a whole. Hope shareholders will receive maximum price | ||||
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FATABA
Supreme |
23-Jun-2017 22:53
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U are thinking the same as me when I saw the final list .....eventually I believe its between Warburg and Chinese Consortium Anyway,  what happen today might be and can be investigated by SGX to chk who are the buyers of large share of GLP during the early morning. ( however....will SGX check ....) Anyway , its comng nearer to end Jun.....investor should question every of these " fake" news. Good Luck
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gopguppy
Veteran |
23-Jun-2017 22:30
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Come to think of it, what we witnessed today in the stock market is a complete hoax created by sour grapes who were never in the running in the first place (maybe except Blackstone). Even then Blackstone is never going to be a serious bidder because of the good relationship it has with CIC, and also Vanke is possibly part of the Chinese consortium anyway. So now, according to the BT report, we are back to 3 bidders, which has always been the number for a long time. So nothing has changed. Yet we see a massive sell out due to unjustified complaints, and in the process many BBs have lined their pockets big time. The lesson learnt here is as long as there are nervous investors, BBs will always try to capitalise on their weakness.  Since nothing has changed, I expect the price to claw back $3 end of next week. DYODD.
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sgng123
Supreme |
23-Jun-2017 21:18
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Why temasek need to be bidder lol, GIC divesting stake aka to sg gov reaping dividend from investment. Why need to buy back using temasek, make no sense lol. Let china or us donate money to sg loh.
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TanSiBeiKu
Senior |
23-Jun-2017 21:03
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Seatown Holdings, part of Chinese Consortium if im not wrong.
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gopguppy
Veteran |
23-Jun-2017 20:28
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What happen to Temasek? Dropped out from the short list?
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sgng123
Supreme |
23-Jun-2017 20:27
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I enjoying the drama from side, go up or down just provide me with entertainment from forum bitching while waiting for brent to tank. The view there is bidders just dropped out with no reason given, narrowing to chinese and 2 us bidders, gona correct further as current price built on expectation of corner fights. Don expect big premium, time bad and another round of oil crash round corner. Bidders can wait a while to get cheaper offer, no hurry. If oil tank down to sub mode, global meltdown on stock markets would depress valuation, chill and enjoy the drama 
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AttasBoss
Elite |
23-Jun-2017 19:53
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CWT historical high 2.30 on 28 & 29/7/15
Pre-cond offer price 2.33 GLP historical high 3.14 between 18/10/13 - 18/11/13 Pre-cond offer price N.A. If price stay too high for too long then shareholders cost will be weighted high...hard to bid |
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ysh2006
Supreme |
23-Jun-2017 19:05
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MBA mentor Mr Tan BK hints that maybe all no want...low price asking China player unlike last time now also stingy won't bid high high lah ..
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FATABA
Supreme |
23-Jun-2017 18:36
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Business time has reported that 3 bidders are there.....Chinese consortium, Warburg and TJJ... Just as those who choose to believe FT....Reuters also report if I am not wrong.  I saw the BT report earlier ...so there are bidders. Those DROP out could be those that GLP dont really want.  
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tanakow
Member |
23-Jun-2017 18:24
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Why are you singing a different tune now? The big shit is still stuck in your mouth?
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leongyan
Master |
23-Jun-2017 18:15
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two possibitilities: either good news is coming up and funds are pushing it down.. or investors are really not there and share is going through a correction back to 2.5x level
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moron101
Supreme |
23-Jun-2017 16:35
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Would not be surprised if hit 3.50 next week as weak bidders already phased out. stay tuned..
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sgng123
Supreme |
23-Jun-2017 16:27
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Worse case bid too low, gic don wanna sell no biggy if u invest long term. Saving bullet for more profitable oil counters trade, oil in bear market and if it tank to 30 good picking opportunity as opec most likely cut or die lol. | ||||
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Investor33
Member |
23-Jun-2017 16:26
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Docstock
Member |
23-Jun-2017 16:25
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Report says enterprise value of GLP = $19 billion . Looked up investopedia and says enterprise  value can also be likely takeover valuation. Anyone financially literates can correlate enterprise value to this stock. I also bought at 2.76. Still keeping the faith. What to do , wait for announce and collect dividend. Ps anyone buying Netlink IPO? DBS Cornerstone investor asking if I want in. Thks |
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FATABA
Supreme |
23-Jun-2017 16:22
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Honestly there is NO reason for GIC to accept any offer below 1.2 times its book ....more so at book . Its profitable and growing business in a bright eComm business.....not all that bad to continue invested. And not forgeting there are 3 bidders who have done DD. Have a nice weekend and very soon end of June we all wld know.
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