GL Limited (formerly: Guoco Leisure)

(04-08-2012, 10:56 AM)propertyinvestor Wrote: As I suspected! Marathon is the one selling down their stake!

But they reported changed of interest was on 03 Aug , so it meant they only sold the 600 over thousand shares on 03 Aug. So who was/were the BB (s) who sold also ?

(04-08-2012, 01:21 PM)Stocker Wrote:

(04-08-2012, 10:56 AM)propertyinvestor Wrote: As I suspected! Marathon is the one selling down their stake!

But they reported changed of interest was on 03 Aug , so it meant they only sold the 600 over thousand shares on 03 Aug. So who was/were the BB (s) who sold also ?

Why they sell their stake???

(04-08-2012, 02:06 PM)chaosdiablo Wrote:

(04-08-2012, 01:21 PM)Stocker Wrote:

(04-08-2012, 10:56 AM)propertyinvestor Wrote: As I suspected! Marathon is the one selling down their stake!

But they reported changed of interest was on 03 Aug , so it meant they only sold the 600 over thousand shares on 03 Aug. So who was/were the BB (s) who sold also ?

Why they sell their stake???

Maybe u can ask them and share with us .

Something not positive???

(04-08-2012, 02:48 PM)Stocker Wrote:

(04-08-2012, 02:06 PM)chaosdiablo Wrote:

(04-08-2012, 01:21 PM)Stocker Wrote:

(04-08-2012, 10:56 AM)propertyinvestor Wrote: As I suspected! Marathon is the one selling down their stake!

But they reported changed of interest was on 03 Aug , so it meant they only sold the 600 over thousand shares on 03 Aug. So who was/were the BB (s) who sold also ?

Why they sell their stake???

Maybe u can ask them and share with us .

(04-08-2012, 01:21 PM)Stocker Wrote:

(04-08-2012, 10:56 AM)propertyinvestor Wrote: As I suspected! Marathon is the one selling down their stake!

But they reported changed of interest was on 03 Aug , so it meant they only sold the 600 over thousand shares on 03 Aug. So who was/were the BB (s) who sold also ?

There is a delay in their reporting. I believe Marathon is in trouble as their own clients are redeeming their funds. They have no choice but to sell their precious Guocoleisure on the market.

Poor Marathon, they were the ones who opposed the $1.20 takeover offer in the past. No they are selling at below 60c to cash rich investors like us

SINGAPORE--CapitaLand Ltd.'s (C31.SG) serviced-residence arm Ascott Ltd. said Friday it has agreed to buy the Cavendish London hotel in the U.K. capital for 158.8 million pounds sterling ($248.2 million).

Ascott will manage the 230-unit hotel from the fourth quarter of 2012 and rename the property Ascott St. James London, the Singapore-based company said in a statement.

The Cavendish London, located in the Mayfair area, will become Ascott's seventh property in central London.

Ascott, a unit of Southeast Asia's largest developer by market value, has about 22,000 serviced residences in operation worldwide and is currently developing over 8,000 more units.



Thats around 680k pounds per room

Yes, but the management of GL is not doing anything to unlock value like what you say earlier...

No sale, not wanting to put into reit....whatever is there, is just there and dividend is only around 2 cents per year....

Metro 6 cents and St****** 4 cents......with potential of sale and spin into reits to unlock share holder value......

What has GL got that are better than metro and St******???

(05-08-2012, 09:40 AM)propertyinvestor Wrote: SINGAPORE--CapitaLand Ltd.'s (C31.SG) serviced-residence arm Ascott Ltd. said Friday it has agreed to buy the Cavendish London hotel in the U.K. capital for 158.8 million pounds sterling ($248.2 million).

Ascott will manage the 230-unit hotel from the fourth quarter of 2012 and rename the property Ascott St. James London, the Singapore-based company said in a statement.

The Cavendish London, located in the Mayfair area, will become Ascott's seventh property in central London.

Ascott, a unit of Southeast Asia's largest developer by market value, has about 22,000 serviced residences in operation worldwide and is currently developing over 8,000 more units.



Thats around 680k pounds per room

(05-08-2012, 10:07 AM)chaosdiablo Wrote: Yes, but the management of GL is not doing anything to unlock value like what you say earlier...

No sale, not wanting to put into reit....whatever is there, is just there and dividend is only around 2 cents per year....

Metro 6 cents and St****** 4 cents......with potential of sale and spin into reits to unlock share holder value......

What has GL got that are better than metro and St******???

(05-08-2012, 09:40 AM)propertyinvestor Wrote: SINGAPORE--CapitaLand Ltd.'s (C31.SG) serviced-residence arm Ascott Ltd. said Friday it has agreed to buy the Cavendish London hotel in the U.K. capital for 158.8 million pounds sterling ($248.2 million).

Ascott will manage the 230-unit hotel from the fourth quarter of 2012 and rename the property Ascott St. James London, the Singapore-based company said in a statement.

The Cavendish London, located in the Mayfair area, will become Ascott's seventh property in central London.

Ascott, a unit of Southeast Asia's largest developer by market value, has about 22,000 serviced residences in operation worldwide and is currently developing over 8,000 more units.



Thats around 680k pounds per room

When I buy 1million shares in GL den I reveal to you whatelse I know Hopefully, QLC is still more interested in Bank of East Asia than GL! If QLC comes in now, that wouldnt be good news for net buyers of GL shares like me

So far the report sales of shares by Maratton was 655,000 shares. But the selling by BBs seemed more than this figure. But there were BBs sold , there were BBs bought also.

Wee my orders for 57 done today