GL Limited (formerly: Guoco Leisure)

Some interest today. Hope will halt soon.

Last call

Dump some of my holdings at 73c to buy Heeton and LC Development

Me also sold 70% of holding at 0.735/0.74. Happy with the profit.

Still holding on for GO.

Buying interest still sustaining...at least for now.

How can Chip Eng Seng be higher than GL? OUTRAGEOUS.

QLC may be privatising Malaysia listed Hong Leong Capital. Company share trading is halted pending an announcement on Monday. This happens shortly after the privatisation offer of Guoco group. No wonder there is renewed interest in GL recently.

(03-02-2013, 01:37 PM)Share Investor Wrote: QLC may be privatising Malaysia listed Hong Leong Capital. Company share trading is halted pending an announcement on Monday. This happens shortly after the privatisation offer of Guoco group. No wonder there is renewed interest in GL recently.

The following link provides the structure of Guoco Group:

http://www.guoco.com/eng/business/structure.htm

HL Capital appears to be the M'sian investment banking arm (housing securities arm, investment banking and asset management).

The voluntary offer was made on 14 Jan 13:

http://www.bursamalaysia.com/market/list...ts/1174517

Interestingly, both Guoco Group and HL Capital are currently trading above the voluntary offer price.

Market appears to believe that companies under Quek's control are undervalued especially after he made moves to privatise them but not before. Wonder how will the share prices perform once the offer lapses?

As Guoco Leisure is trading below the latest reported book value of US$0.874 and also way below the estimated revalued books in excess of S$1.50, any voluntary offer can never be ruled out.

(03-02-2013, 08:09 PM)greengiraffe Wrote:

(03-02-2013, 01:37 PM)Share Investor Wrote: QLC may be privatising Malaysia listed Hong Leong Capital. Company share trading is halted pending an announcement on Monday. This happens shortly after the privatisation offer of Guoco group. No wonder there is renewed interest in GL recently.

The following link provides the structure of Guoco Group:

http://www.guoco.com/eng/business/structure.htm

HL Capital appears to be the M'sian investment banking arm (housing securities arm, investment banking and asset management).

The voluntary offer was made on 14 Jan 13:

http://www.bursamalaysia.com/market/list...ts/1174517

Interestingly, both Guoco Group and HL Capital are currently trading above the voluntary offer price.

Market appears to believe that companies under Quek's control are undervalued especially after he made moves to privatise them but not before. Wonder how will the share prices perform once the offer lapses?

As Guoco Leisure is trading below the latest reported book value of US$0.874 and also way below the estimated revalued books in excess of S$1.50, any voluntary offer can never be ruled out.

Feel for the time being, before outcome of privatization of Guoco Group ( HK ) , QLC is unable to make any offer on Guoco Leisure because Guoco Group ( HK ) is a substantial shareholder of Guoco Leisure. Am i right on this ?