Webbit 0 Report post Posted October 11, 2010 Hi everyone I'm waiting fervently for GLP's (Global Logistics Properties) initial public offering to be listed. Any news anyone? Share this post Link to post Share on other sites
bepgof 20 Report post Posted October 12, 2010 (edited) Hi everyone I'm waiting fervently for GLP's (Global Logistics Properties) initial public offering to be listed. Any news anyone? - $1.96 per share, par value at $1.50 - Only 102,000,000 offered to public - Can apply yesterday since 6pm - Start trading on 18 Oct 2010 Chiong Ah. I think MBT is the most happy to see this. Image 102,000,000 x 1.96 = $199.92mil will be "sucked" away from the liquidity market, ppl become less "powerful" to buy house. Say 1 house = 1mil. This IPO "sucks" away 200 houses at one go. More IPO to come. Now is the right moment to "dig" investors' pockets. Believed more companies will join in to issue those right issues. Edited October 12, 2010 by bepgof Share this post Link to post Share on other sites
Webbit 0 Report post Posted October 13, 2010 I just put in a bid for 3 lots! I know the likelihood of actually getting it is low, nonetheless no harm trying right? Can I ask a stoopid question, what is "par value"? Share this post Link to post Share on other sites
therat 18 Report post Posted October 13, 2010 http://en.wikipedia.org/wiki/Par_value Par value, in finance and accounting, means stated value or face value. Par Value is a nominal value of a security which is determined by an issuing company as a minimum price. Share this post Link to post Share on other sites
therat 18 Report post Posted October 13, 2010 how abt Mapletree industrial trust.. I think is 93 cents. worth invest? Share this post Link to post Share on other sites
bepgof 20 Report post Posted October 13, 2010 (edited) I just put in a bid for 3 lots! I know the likelihood of actually getting it is low, nonetheless no harm trying right? Can I ask a stoopid question, what is "par value"? Par value = face value=historical value=book value. Finance industry has too creative talents who like to throw smoke to make personal gains. Insurance/property/law also the same. This is the "base" or "reference" when say if company winds up, it pays you based on this value, irreguless its market value may be at $10/per share. Dividend, when expressed in term of %, always use this "par value" as the denominator, say dividend =10%, meaning 1.5x0.01 =$0.15 per share. $1.96 is the "market value". Personally, I expect it to be traded on first day between $2.06 to $2.20. Those "underwriters" are advisors(fin instititions)behind the scene studying the "mood" of mkt and say "go" or "wait". Mkt is now flooded with $ and interest is low, property is uncertain and needs time, likely most will chiong for these IPOs. I've applied for 10 lots. No moneys liao. Edited October 13, 2010 by bepgof Share this post Link to post Share on other sites
bepgof 20 Report post Posted October 13, 2010 (edited) how abt Mapletree industrial trust.. I think is 93 cents. worth invest? Mapletree = previous JTC, is a REIT who own commerial, industrial, shopping...properties. The returns of reits are quite high, but, now office/industrial rental is like hotcake. These properties prices chiong at > 3%qoq (quarter to quarter). I think (if remember correct) Singapore is the 5th "most expensive" office rental glabally. Bopiah, a global city is like that. There's an article (whole page)in today's ST feacturing singapore as global city by an angmok, I agar agar "scan" half way then go office for work, worth to read to know your (our) position. And likely what will happen next. Go back must read again. Chiong for MIT. Be reminded the currency war is in the brewing. Everybodies want their domestic interest as low as possible (less attrictive to foreign investors to "invest") but don't understand this stupid Brazil gov still keep dosmetic at around 10.7%. By the look of it, the cpf interest(OA), presently @2.5%, gov bo tahan liao. Edited October 13, 2010 by bepgof Share this post Link to post Share on other sites
booksntoys 0 Report post Posted October 13, 2010 we gonna try 10 lots for GLP & 20 for MIT cheong ah!! Share this post Link to post Share on other sites
gimz63251073 0 Report post Posted October 14, 2010 i think this time round the MIT consist of only industrial properties, no commercial... think price will chiong up also, i have also participated in the lucky draw. next up in the later part of 2011 would be the mapletree properties - vivo city and mapletree business park. Share this post Link to post Share on other sites
Warrior88 0 Report post Posted October 14, 2010 i think this time round the MIT consist of only industrial properties, no commercial... think price will chiong up also, i have also participated in the lucky draw. next up in the later part of 2011 would be the mapletree properties - vivo city and mapletree business park. We are the tenant of Maple, just briefly talk to the staff there, employees are given priority lots to buy. No need to tikam tikam. Share this post Link to post Share on other sites
booksntoys 0 Report post Posted October 14, 2010 We are the tenant of Maple, just briefly talk to the staff there, employees are given priority lots to buy. No need to tikam tikam. that's the perk of working in these MNCs... like Capitaland - they successfully bid the condo at the new Bedok Interchange. Employees will have priorities/discounts when buying units at the condo Share this post Link to post Share on other sites
therat 18 Report post Posted October 14, 2010 that's the perk of working in these MNCs... like Capitaland - they successfully bid the condo at the new Bedok Interchange. Employees will have priorities/discounts when buying units at the condo That plot is very good location except super noisy right Bus Interchange front MRT track Left Cross junction behind, in and out of the bus + only road to the car park behind Share this post Link to post Share on other sites
booksntoys 0 Report post Posted October 15, 2010 That plot is very good location except super noisy right Bus Interchange front MRT track Left Cross junction behind, in and out of the bus + only road to the car park behind same as the one opposite Simei Eastpoint - opposite MRT station, right in between schools & MRT tracks, facing the busy main road & a bus-stop, and there's a cross-junction... I really wonder how the developer's going to solve the main gate problem to buy a unit there, one really has to rent it out - if not one will go nuts with all the noise!!! Share this post Link to post Share on other sites
therat 18 Report post Posted October 15, 2010 to buy a unit there, one really has to rent it out - if not one will go nuts with all the noise!!! agree. Will siao That time, I stay near to a T-junction. 100 meter away has a bus stop. facing a 2 lane road. My husband tong for 2 yrs until he cannot tanhan. Share this post Link to post Share on other sites
bepgof 20 Report post Posted October 15, 2010 That plot is very good location except super noisy right Bus Interchange front MRT track Left Cross junction behind, in and out of the bus + only road to the car park behind When I was first there, the "bus interchange" was then in the brewing, "roads" became muddy when rain. I regard the present interchange a complete failure -same as Bishan's present's - walking is faster than taking feeder bus, timing system + many turns & many traffic light. Abt to ramp then light changes to amber. Took feeder bus made my bp shoot high. Make one big round to "go in", another big round to "come out" - vomit blood! - hawker centre's 20yr lease is due soon. - will have multi-storey cp. - TPY's aircon bus interchange is facing "black smoke retention" problem, hope the rest learnt & improve - Noise sure >65db, measure 1 meter away. Sure vehicles congestion, unless have underpass and overheadbridge(for vehicle).Have previously fedback to Chng HK(stepped down liao, daughter break bond, sigh!)Also to Lee YS & Raymond Lim. Should ask the 2 gentlemen come and take the feeder bus. Share this post Link to post Share on other sites
