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UE building up!
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SgTrader17
Elite |
13-Jul-2017 18:41
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Bro,
Offer @$2.60? Omg. You will have to wait quite long for $4 then. Can't sell.
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RedEye1811
Master |
13-Jul-2017 18:34
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I am in the same boat. Is it true the offer only $2.60? I just want to know if I am asleep and having a bad nightmare.
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MrSingaporean
Member |
13-Jul-2017 18:30
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Ya. Exactly. Like WHAT HAPPENED. after years of dragging and now OCBC let it go at 2.60 per share? Earloer this year UEL was worth close to 2 bil. And now 1.2 bil? Yanlord Perennial and the chinese investor cant be serious!
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Integrity
Elite |
13-Jul-2017 18:29
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LOL $2.60...... really crap | ||
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MrSingaporean
Member |
13-Jul-2017 18:27
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2.60 is crap.
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AndyLoss
Master |
13-Jul-2017 18:27
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:)
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kyo56us
Member |
13-Jul-2017 18:26
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Maybe i am dilerious, maybe i am wrong. I am vested btw. Offer UE $2.60 for UE share only, but another sum for WBL which UE is holding ? and maybe UE will give special dividend on that ? =x yeah i know i am day dreaming... |
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MekMiRic
Member |
13-Jul-2017 18:15
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3 letters...WTF | ||
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CraigFoo
Elite |
13-Jul-2017 18:15
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How come no official announcement? Glp's NAV 2.59, UE 3.06. How to justify a $2.6 offer for UE when GLP's offer is $3. Haha
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triphopper
Senior |
13-Jul-2017 18:11
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An anticlimactic end to years of speculation!!! | ||
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desmodeus
Veteran |
13-Jul-2017 17:41
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chey mai buay
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kyo56us
Member |
13-Jul-2017 17:12
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saw this on bloomberg..Yanlord Nears $1.2 Billion United Engineers OfferByJoyce Koh
July 13, 2017, 4:21 PM GMT+8 July 13, 2017, 4:48 PM GMT+8
An investor group led by Yanlord Land Group Ltd. is preparing a bid for United Engineers Ltd. valuing the century-old Singapore property company at about $1.2 billion, according to people with knowledge of the matter. The Yanlord consortium has agreed to buy the United Engineers stakes held by Oversea-Chinese Banking Corp. and its insurance arm, according to the people. It plans to announce an offer of S$2.60 a share for the rest of the company as soon as Thursday, the people said, asking not to be named as the deliberations are private. |
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bigcat
Member |
13-Jul-2017 17:12
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If Bloomberg is accurate which I think they are, the offer price is $2.60 per share. What a waste of time. | ||
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MichaelSchenker
Master |
13-Jul-2017 16:13
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CWT previously announced 2.33 as the offer price. So, if based on current 2.18, there still 15 cents to be made, however, there is still some unclear issues regarding the offeror that needs to be answered. That' s the difference between Croesus RT and CWT. I' m also betting on TIH.
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kyo56us
Member |
13-Jul-2017 15:23
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Well i am guessing, if any one wants to get their hands on logistic / warehouse kinda stocks, other then GLP, can look into CWT ? Since they already annonced that they are takeover target with deadline pretty near. any thoughs ? |
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Demostation
Supreme |
13-Jul-2017 11:45
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But if can hold no harm holding both. Lol.
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Demostation
Supreme |
13-Jul-2017 11:44
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P/E ratio for UEL is much higher than GLP. Thus I wd rather hold GLP and sell UEL, rhetorically. | ||
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FATABA
Supreme |
13-Jul-2017 11:38
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Interesting both close 2.70+ ...but GLP do offer greater long term potential in Ecomm and more global then UE. My guess at least 1.2x for GLP and UE cld be 1.1 to 1.15 as UE sale has talk for a long time.
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TanSiBeiKu
Senior |
13-Jul-2017 11:23
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Well, i do believe smart monies are ready to enter GLP after UE done deal which i believe will be announce tomorrow morning before market open. Unfortunately, GLP also TH this morning.. really a huge opportunity costs for some.. UE a full takeover whereas GLP likely via scheme of arrangement, both offers likely to be at least 1.15x of Book value given the current positive sentiments in Real assets. Fingers cross and best of luck to all these 2 counters shareholders.
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MichaelSchenker
Master |
13-Jul-2017 11:13
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GLP and UEL both traded at around 2.7+ before halted. Interesting to see who will get a better deal, afterall, it' s been dragged a Long time. Huge Opportunity costs for some. Anyway, GLP is cd. But I don' t have, only holding UEL. Wish all holders Luck, hopefully both will go above 3.00 |
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