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that' s why the rich will always get richer ...
TanSiBeiKu ( Date: 14-Jul-2017 17:51) Posted:
U can refer to latest announcement, ssh increased their shareholdings by another 20+ mm shares on Wed (12 July) at avg cost of $2.72 . Super Huge Year End Bonus for them 
beltrance ( Date: 14-Jul-2017 17:43) Posted:
yeah i was wondering too when i saw how price dived and then suddenly trade halt. must be insiders knowing that a deal was in the make and selling some at lower price hoping retail investors would panic and also sell bringing the price down even more. dump the price and then buy again at 2.70. imagine how much profit they made in a few hours and retail investors who panicked are now probably sick of misery. very dubious practices !
wondering if SGX will investigate this.. |
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U can refer to latest announcement, ssh increased their shareholdings by another 20+ mm shares on Wed (12 July) at avg cost of $2.72 . Super Huge Year End Bonus for them
beltrance ( Date: 14-Jul-2017 17:43) Posted:
yeah i was wondering too when i saw how price dived and then suddenly trade halt. must be insiders knowing that a deal was in the make and selling some at lower price hoping retail investors would panic and also sell bringing the price down even more. dump the price and then buy again at 2.70. imagine how much profit they made in a few hours and retail investors who panicked are now probably sick of misery. very dubious practices !
wondering if SGX will investigate this...
dingbat ( Date: 14-Jul-2017 17:32) Posted:
Actually it could have gone either way. I' m glad you brought this topic up. Can anyone share why the price suddenly plummeted causing panic to all retail holders? I remember the same happened to China Everbright and that was not a feign move like this probably was.With most takeovers, mkt usually has the inside news and the share price generally commensurates with the final bid price.This is a totally different ball game.Who were the dumpers trying to drive the price down and accumulate from the open mkt?  |
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It appears from SGX announcement that substantial shareholder, Elliot Capital, increased their holdings from 5.864% to 6.433%.
Elliot Capital is an activist hedge fund under the group of funds controlled by Paul Elliot Singer.
Wonder if there is a ythi g brewing.
Agreed,,,,, saw a filing Elliot just announce they increased in their shares ....all bot on 12th Jul ) so perfect timing
Will SGX do anything or investigate ? No ....they prefer to sleep
beltrance ( Date: 14-Jul-2017 17:43) Posted:
yeah i was wondering too when i saw how price dived and then suddenly trade halt. must be insiders knowing that a deal was in the make and selling some at lower price hoping retail investors would panic and also sell bringing the price down even more. dump the price and then buy again at 2.70. imagine how much profit they made in a few hours and retail investors who panicked are now probably sick of misery. very dubious practices !
wondering if SGX will investigate this...
dingbat ( Date: 14-Jul-2017 17:32) Posted:
| Actually it could have gone either way. I' m glad you brought this topic up. Can anyone share why the price suddenly plummeted causing panic to all retail holders? I remember the same happened to China Everbright and that was not a feign move like this probably was.With most takeovers, mkt usually has the inside news and the share price generally commensurates with the final bid price.This is a totally different ball game.Who were the dumpers trying to drive the price down and accumulate from the open mkt? |
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yeah i was wondering too when i saw how price dived and then suddenly trade halt. must be insiders knowing that a deal was in the make and selling some at lower price hoping retail investors would panic and also sell bringing the price down even more. dump the price and then buy again at 2.70. imagine how much profit they made in a few hours and retail investors who panicked are now probably sick of misery. very dubious practices !
wondering if SGX will investigate this...
dingbat ( Date: 14-Jul-2017 17:32) Posted:
Actually it could have gone either way. I' m glad you brought this topic up. Can anyone share why the price suddenly plummeted causing panic to all retail holders? I remember the same happened to China Everbright and that was not a feign move like this probably was.With most takeovers, mkt usually has the inside news and the share price generally commensurates with the final bid price.This is a totally different ball game.Who were the dumpers trying to drive the price down and accumulate from the open mkt?
AttasBoss ( Date: 14-Jul-2017 17:02) Posted:
Congrates to all GLP shareholders...i disposed all my holdings just fews days before the trading halt..so didnt get the handsome profit instead of fews thousands only...
Its not easy while u invest huge amount while there was many negative and spoilt kaki during these periods...i would say ppl with patient and faith win the game. |
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Actually it could have gone either way. I' m glad you brought this topic up. Can anyone share why the price suddenly plummeted causing panic to all retail holders? I remember the same happened to China Everbright and that was not a feign move like this probably was.With most takeovers, mkt usually has the inside news and the share price generally commensurates with the final bid price.This is a totally different ball game.Who were the dumpers trying to drive the price down and accumulate from the open mkt?
AttasBoss ( Date: 14-Jul-2017 17:02) Posted:
Congrates to all GLP shareholders...i disposed all my holdings just fews days before the trading halt..so didnt get the handsome profit instead of fews thousands only...
Its not easy while u invest huge amount while there was many negative and spoilt kaki during these periods...i would say ppl with patient and faith win the game. |
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hopefully a healthy douse of up up bidding comes in... hehehe
Andrewtan18 ( Date: 14-Jul-2017 16:29) Posted:
Yes. This is the reason GIC' s irrevocable commitment to sell to Chinese comes with option to sell to any higher offer not matched again by the Chinese consortium.
Congratulations to all who held to their belief and did not waver. Reward comes with calculated risk.
moneynoenough ( Date: 14-Jul-2017 15:02) Posted:
| wonder can the americans still counter offer for the cheese... |
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UOBKH sent a fact sheet on the offer. Cannot find the part about GIC have options to accept a higher offer. Can enlighten us, please. The funds to pay us already with UOB.
Clipper ( Date: 14-Jul-2017 16:36) Posted:
| Agreed with FATABA. GIC has ' bird' in hand with the $3.38 offer and can accept higher counter offer. The dividend and 8-9 cents premium to current price is worth the wait. The only only issue is the waiting time for the completion and payment may be several weeks. Hopefully, the Chinese will not have any trouble getting funds out from China to pay for this purchase. Atleast this consortium is reasonable compared to the UE case. |
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Yes I agree.
lglg666 ( Date: 14-Jul-2017 16:58) Posted:
Especially since not many investment opportunities out there.....best to stick with this till the end.
Clipper ( Date: 14-Jul-2017 16:36) Posted:
| Agreed with FATABA. GIC has ' bird' in hand with the $3.38 offer and can accept higher counter offer. The dividend and 8-9 cents premium to current price is worth the wait. The only only issue is the waiting time for the completion and payment may be several weeks. Hopefully, the Chinese will not have any trouble getting funds out from China to pay for this purchase. Atleast this consortium is reasonable compared to the UE case. |
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Congrates to all GLP shareholders...i disposed all my holdings just fews days before the trading halt..so didnt get the handsome profit instead of fews thousands only...
Its not easy while u invest huge amount while there was many negative and spoilt kaki during these periods...i would say ppl with patient and faith win the game.
Especially since not many investment opportunities out there.....best to stick with this till the end.
Clipper ( Date: 14-Jul-2017 16:36) Posted:
| Agreed with FATABA. GIC has ' bird' in hand with the $3.38 offer and can accept higher counter offer. The dividend and 8-9 cents premium to current price is worth the wait. The only only issue is the waiting time for the completion and payment may be several weeks. Hopefully, the Chinese will not have any trouble getting funds out from China to pay for this purchase. Atleast this consortium is reasonable compared to the UE case. |
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Thanks to your previous posting for the insight given, and believed that the Deal will go ahead albeit some risks taking.
Andrewtan18 ( Date: 14-Jul-2017 16:29) Posted:
Yes. This is the reason GIC' s irrevocable commitment to sell to Chinese comes with option to sell to any higher offer not matched again by the Chinese consortium.
Congratulations to all who held to their belief and did not waver. Reward comes with calculated risk.
moneynoenough ( Date: 14-Jul-2017 15:02) Posted:
| wonder can the americans still counter offer for the cheese... |
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I also sold all at 3.30, waited a long time.
Thanks GIC and the Chinese, bye bye GLP.
Agreed that $$$ in the pocket is safer and can go invest in others :)
closed my position at 3.30 :)
Thanks GLP!
Agreed with FATABA. GIC has ' bird' in hand with the $3.38 offer and can accept higher counter offer. The dividend and 8-9 cents premium to current price is worth the wait. The only only issue is the waiting time for the completion and payment may be several weeks. Hopefully, the Chinese will not have any trouble getting funds out from China to pay for this purchase. Atleast this consortium is reasonable compared to the UE case.
It also address the accusations that it is not fair. Now everyone can bid.
Andrewtan18 ( Date: 14-Jul-2017 16:29) Posted:
Yes. This is the reason GIC' s irrevocable commitment to sell to Chinese comes with option to sell to any higher offer not matched again by the Chinese consortium.
Congratulations to all who held to their belief and did not waver. Reward comes with calculated risk.
moneynoenough ( Date: 14-Jul-2017 15:02) Posted:
| wonder can the americans still counter offer for the cheese... |
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Yes. This is the reason GIC' s irrevocable commitment to sell to Chinese comes with option to sell to any higher offer not matched again by the Chinese consortium.
Congratulations to all who held to their belief and did not waver. Reward comes with calculated risk.
moneynoenough ( Date: 14-Jul-2017 15:02) Posted:
| wonder can the americans still counter offer for the cheese... |
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Good to contra off. More than 13k in pocket. No need Capitaland.
JF_123123123 ( Date: 14-Jul-2017 16:08) Posted:
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smart choice...gd $$ in pocket safer....too much greed can kill......
michaeltan ( Date: 14-Jul-2017 15:43) Posted:
You are right! The world is very uncertain. What happen the war breakout. North Korea send another big missile into the sea. The flash point of South China Sea spratly islands conflict between 2 giant. GLP risk remain until april 2018.
halleluyah ( Date: 14-Jul-2017 15:28) Posted:
| long wait till april 2018 then will get 3.38........ppl take profit first n invest in others....safer as dunno wat will happen....... |
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This is POSITIVE for GLP ...which means IF ( i say if ) Warburgs or Blackstone decide to offer 3.40 , then GIC reserved the right to accept the counter higher offer.
IN the meantime....those who SELL offer before the 3rd Aug....lost the 0.06 dividend plus the 0.08 cents premium diff ( assume sold off 3.30)
So for chinese gp ...its worth to collect 3.30 .....save 14c per share mah .....anyway have to take over.
Starship ( Date: 14-Jul-2017 15:40) Posted:
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