Disclaimer: This post is only intended for informational and discussion purposes and should not be taken as financial advice. I am merely sharing my rationale for buying GL Limited shares, and may acquire more shares and/or divest my positions without updating this article. Please do your own due diligence and/or consult a licensed financial advisor before dealing with shares in GL Limited.
Overview
On 15th Jan 2021, GL Limited announced a voluntary conditional general offer from GuocoLeisure Holdings Limited, at an offer price of $0.70 per share. GL Limited is a company that operates in the hospitality, oil & gas, and property development segments.
Following the announcement, analysts from Lim & Tan Securities have suggested that GL Limited could be worth as much as $1.16, as reported by the Business Times.
https://www.businesstimes.com.sg/companies-markets/gl-has-deeper-value-than-just-70%C2%A2-a-share-analysts
In this article, I would be discussing the various segments of the company, and also my rationale for purchasing shares of GL Limited at $0.725, which is above the offer price....