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What do you think? I have never missed out spike opportunity... lol
Sifu is right. GLP may not go up much unless it can break 1.88... Tdy gap up this am may not be wise to chase(for longie)... Sifu , hv u started yr short for GLP?
Isolator ( Date: 01-Dec-2011 10:15) Posted:
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The reason why do not short all at a go is to be ready to short more on spike..... lol
SINGAPORE, Nov 30 (Reuters) - Singapore-listed warehouse operator Global Logistic Properties Ltd on Wednesday priced its S$500 million ($385 million) perpetual capital securities to yield 5.5 percent, according to a note seen by Reuters.
The company, whose biggest shareholder is Singapore sovereign wealth fund GIC, started book-building for the Singapore dollar-denominated perpetuals on Tuesday with guidance that they will be priced at " mid-to-high 5 percent" .
Private banks accounted for 78 percent of the demand.
Perpetuals are similar to preference shares in that they offer regular dividends that are higher than yields on bonds issued by the firm. But investors in these securities enjoy less protection than bondholders in the event of default.
JPMorgan was the global coordinator for the GLP perpetuals issue and is joint bookrunner and lead manager along with Citigroup, Goldman Sachs and DBS.
Yah...
 | European stocks were expected to open lower on Wednesday after euro zone officials agreed to boost the European Financial Stability Facility. |
Isolator ( Date: 30-Nov-2011 15:07) Posted:
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sifu, decision need to make before europe open......
Richman ( Date: 30-Nov-2011 14:41) Posted:
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Not yet, just watching...
Isolator ( Date: 30-Nov-2011 14:29) Posted:
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So sifu, are you shorting now? lol
Richman ( Date: 30-Nov-2011 14:22) Posted:
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It's no joke, when SJ Sifus started shorting...
Even the BBs will withdraw from their holding and it will take years for investors to buy again...
Markets move up and down.... Must follow the flow to enjoy maximum returns.... lol
Farmer ( Date: 30-Nov-2011 12:15) Posted:
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sifu shorting GLP?
Isolator ( Date: 30-Nov-2011 11:06) Posted:
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actually it did.... on the 4th Oct
Good try.... but not seen $1.495 yet.
Isolator ( Date: 30-Nov-2011 11:06) Posted:
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Start GLP with short...... lol
Strong buy at $1.82 in the opening. Should be moving up soon.....
GLP started at outperform by CIMB
WRITTEN BY THE EDGE TUESDAY, 29 NOVEMBER 2011 10:56
CIMB Research has started coverage of Global Logistic Properties, which owns warehouses in Japan and China, with an outperform rating and a target price of $2.24.
GLP has the size and network in logistics to multiply its tenant base, given its ability to lease space to multinational corporations in important cities under the same landlord, said CIMB in a research report.
The company also works closely with the Chinese government to acquire land, which provides GLP with a development pipeline on top of the 5.1 million square meters of space it already has.
" It has unique exposure to China’s growth, backed by stable Japan cashflows and a highly competitive capital structure," said CIMB in a report.
It also added that GLP is trading at a 20% discount to its restated net asset value and at more attractive multiples compared to its peers.
At 11 a.m., shares of GLP were 0.3% higher at $1.795, but have fallen 16.4% since the start of the year.
| 29/11/11 | CIMB Securities : Global Logistics Properties - Outperform |
http://www.remisiers.org/cms_images/research/Research-28Nov-02Dec_2011/glp291111cimb.pdf
GLP to raise S$500 mln via perpetuals
29 Nov 2011 13:50
SINGAPORE - Singapore-listed warehouse operator Global Logistic Properties Ltd hopes to raise about S$500 million (US$385 million)via the issue of perpetual capital securities to fund its operations, sources said on Tuesday.
The company started book-building for the Singapore dollar-denominated perpetuals earlier on Tuesday with guidance that the notes will be priced to yield 'mid-to-high 5 per cent,'IFR said.
The pricing surprised some bankers who had expected a lower yield since GLP counts Singapore sovereign wealth fund GIC as a major shareholder. The guidance sparked keen interest from investors, especially private bankers, said IFR, a unit of Thomson Reuters.
The pricing is expected to be announced on Wednesday after a roadshow in Hong Kong, sources told Reuters and IFR.
The sources declined to be named because the information has not been made public.
Perpetuals are similar to preference shares in that they offer regular dividends that are higher than yields on bonds issued by the firm. But investors in these securities enjoy less protection than bondholders in the event of default.
JPMorgan is the global coordinator for the GLP perpetuals issue and is joint bookrunner and lead manager along with Citigroup, Goldman Sachs and DBS. -- REUTERS
Source: Business Times Breaking News
22 mil married deal?!?! any clue? substantial shareholder? It is going to be either buy up by retailers for suspected upcoming news or short down, hoping to catch the holder's offload at a lower px.
Cheong arh...
alexchia01 ( Date: 29-Nov-2011 12:54) Posted:
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I like what I saw, just brought some this morning.
Blastoff ( Date: 29-Nov-2011 12:28) Posted:
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