Monday, October 11, 2010

GIC IPO - Global Logistics Property

Can someone extract for me the following financial figures for GIC IPO of Global Logics Properties?

Net tangible asset per share
Earnings per share
Change in EPS for the past few years?
Issue price: $1.96 per share

I was told that the prospectus contained over 100 pages, and is quite difficult to read. If this is the case (and I stand corrected), why are retail investors encouraged to subscribe to the IPO through the ATM, based on just blind trust? I don't know if this information was provided in the mainstream media previously. I might have overlooked it.

Tan Kin Lian


Contribution by DareToAct
What i found: data are all Pro Forma
NTA of listed entity is USD 6.2 billion, or USD 1.38 per share, or SGD 1.81 per share (USDSGD=1.31).  At S$1.96 per share, the IPO is about 1.09X book.
EPS for year ending Mar 08, 09, 2010 are +12.79 US cents, -6.4 cents, -3.47 cents. ---> 3 month ending June2010 is +10.87 cents.
I do not think looking at the data has much meaning (not to me at least) as the company has been on the asset accumulation phase from 08 till 2010.  its a different animal every year.
Here are two pages containing the key financial information, extracted from the prospectus of  Global Logistics Property that is now being offered to the public. The full propectus can be obtained from the MAS website.
www.tankinlian.com/latest.aspx