Shares & Derivatives
Has Global Logistic Properties bought their way past selling resistance?
By 10% Per Annum  •  July 17, 2016
I am currently not vested in Global Logistic Properties (GLP). However, I find Global Logistic Properties an interesting Government Linked Company with a lot major share movements. I first shared about their massive share buyback program here. Since my first post, the share buyback program has continued till today and has indeed proved massive. If interested, you may find more details on the buyback on SGX. Here are some context to the share buyback numbers: A total of 63,688,900 shares have been bought back since the program commenced on May 20. This constitutes 1.31% of their total (float + treasury) shares. Someone holding this amount of shares would immediately place the person 8th on the top 20 shareholders list. Interestingly, this brings their treasury shares to 156,844,032 or 3.24%. Perhaps more importantly for investors, their share buyback program has finally managed to beat incessant shorting pressure to break past the ......
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By 10% Per Annum
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