GL Limited (formerly: Guoco Leisure)

[Stocker]

Can we conclude that Marathon usually don't use local brokering houses, like what we have listed here ?

[propertyinvestor]

Can we conclude that Marathon usually don't use local brokering houses, like what we have listed here ?

Marathon uses the foreign brokerages like UBS and JP Morgan. Do see my earlier posting few months back. The only probable local brokerage they would use is UOB.

[Stocker]

Can we conclude that Marathon usually don't use local brokering houses, like what we have listed here ?

Marathon uses the foreign brokerages like UBS and JP Morgan. Do see my earlier posting few months back. The only probable local brokerage they would use is UOB.

Hi Propertyinvestor, you are really sharp..
So it seemed the recent selling were not from Marathon.

[propertyinvestor]

Can we conclude that Marathon usually don't use local brokering houses, like what we have listed here ?

Marathon uses the foreign brokerages like UBS and JP Morgan. Do see my earlier posting few months back. The only probable local brokerage they would use is UOB.

Hi Propertyinvestor, you are really sharp..
So it seemed the recent selling were not from Marathon.

Maybe one of Great Eastern funds under management was managed by Marathon. After the distribution in specie, some of these investors in the fund could have sold...or most probably just panicky retailers.

[Stocker]

Persistent buying @.585. If there is another announcement about QLC buying again, price will just shoot up like 2 months ago .

[propertyinvestor]

Ok panicky retailers are out of the way!

[Stocker]

QLC also MIA ?

[cfa]

GUOCO GROUP (00053.HK) suspended on proposed privatization - AASTOCKS.com - News

http://www.aastocks.com/EN/News/HK6/0/NOW.518529.html

[greengiraffe]

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

Refer to the corporate structure of 53.HK.

Quek is moving to remove the un-appreciated holding company parent. Last traded at HK70 vs book value of HK134.

I think this is the first move given that he will eventually extract value to pay down the leverage that is secured for such a privatisation move.

This is usually the case associated with the leverage buyout of holding company with listed parts.

In Guoco Group case, the listed investments are majority owned and are undervalued on a stand alone basis. The conservative management of these companies further resulted in discount to their book values.

Quek is a seasoned banker - no different from that of Veteran banker Wee. However, the complicated family holdings between the Singapore Kweks and Malaysian Quek has hidden value extraction within the Hong Leong group of companies historically.

The current move should be seen as positive as it allows Quek to sharpen its focus on the directly listed units to extract as much value over time if family ties and baggages lightened going forward.

[Stocker]

Once Guoco HK is privatized , it is even more easier to privatize companies substantially owned by Guoco HK owing to different sets of regulartory frame works and listing rules.