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REMOVE SABANA REIT MANAGER Post Reply Rate topic
HVRRVH Elite	27-Jan-2017 10:23        HVRRVH About Contact  Quote this Post!
x 0   x 0  Alert Admin	Only gotten 30% out of the 15000 excess rights I applied. The rights and the excess rights are in the money but don't be deceived, if factor in the mother shares still lose a lot. If factor in DPUs received so far then the losses become a bit bearable. Luckily my holding was small to begin with. Now Sabana better improve its earning but the current management seems clueless. In their sgx announcement they skirt the issue of buying the property from sponsor at 23m when the same property was in sponsor's book at 9 million.
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alishan Senior	27-Jan-2017 09:49        alishan About Contact  Quote this Post!
x 0   x 0  Alert Admin	Newspaper says the mgmt wants to meet unit holders.   And they say the pickup of empty space has been very slow as tenants not leasing & economy is still bad.   Then how unitholders can expect good DPU & high share price, if everything is in dire state?   Moreover the mgmt needs more cash to buy more assets and to survive.   Boh pian!   Shareholders are the ATM to get instant cash.
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angmohlin Veteran	26-Jan-2017 19:19        angmohlin About Contact  Quote this Post! Style: Combined
x 0   x 0  Alert Admin	I believe alot of retail unitholders have suffered a loss at least 40% if they invested during IPO.
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alexchew Master	26-Jan-2017 18:13        alexchew About Contact  Quote this Post!
x 0   x 0  Alert Admin	didnt know sgx is closely monitoring its accounts chucyong      ( Date: 26-Jan-2017 17:59) Posted: Can someone enlighten, this counter was only listed in 2010, with IPO cash injection of $1.05 per unit. This counter reported having profit every quarters and distributed DPU only from the profit, the book and a/c under very close srutiny form SGX, NAV of about $0.75, will this counter go bankrupt so soon even the manager odd to be removed?
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chucyong Member	26-Jan-2017 17:59        chucyong About Contact  Quote this Post!
x 0   x 0  Alert Admin	Can someone enlighten, this counter was only listed in 2010, with IPO cash injection of $1.05 per unit. This counter reported having profit every quarters and distributed DPU only from the profit, the book and a/c under very close srutiny form SGX, NAV of about $0.75, will this counter go bankrupt so soon even the manager odd to be removed?
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alishan Senior	26-Jan-2017 16:53        alishan About Contact  Quote this Post!
x 0   x 0  Alert Admin	Better avoid a counter that has lots of issues, disputes between shareholders vs management, rumours that could not be straightened by the mgm, negative publicity in newspaper for quite sometimes. This is horrible company for anybody who is thinking to be a new shareholder.   chucyong      ( Date: 26-Jan-2017 16:06) Posted: This counter IPO approved by SGX @$1.05 per unit listed on 26 Nov 2010, quarterly reported made profit and DPU distributed and SIAS reported in the paper that this counter is possible to be wind up. With such stringent control and check by the SGX we should request SIAS to investigate and advise.
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kohyeekan Member	26-Jan-2017 16:24        kohyeekan About Contact  Quote this Post!
x 0   x 0  Alert Admin	a proposal for the resolutions to remove the Manager of the Sabana REIT was put up in the facebook group. Join the facebook group below if you are a unit holder, to give your opinions on this.  https://www.facebook.com/groups/1661599120805998/
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chucyong Member	26-Jan-2017 16:06        chucyong About Contact  Quote this Post!
x 0   x 0  Alert Admin	This counter IPO approved by SGX @$1.05 per unit listed on 26 Nov 2010, quarterly reported made profit and DPU distributed and SIAS reported in the paper that this counter is possible to be wind up. With such stringent control and check by the SGX we should request SIAS to investigate and advise.
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alishan Senior	26-Jan-2017 14:45        alishan About Contact  Quote this Post!
x 0   x 0  Alert Admin	Better avoid this counter for the next few months until dust is settled.   HVRRVH      ( Date: 26-Jan-2017 09:34) Posted: Some holders started selling now that the rights shares have been credited. I think they are rash. Hold on to it first, NAV is in excess of 50 cents! In a fire sale scenario it will also worth more than 40 cents.
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kohyeekan Member	26-Jan-2017 14:40        kohyeekan About Contact  Quote this Post!
x 0   x 0  Alert Admin	a proposal for the resolutions to remove the Manager of the Sabana REIT was put up in the facebook group. Join the facebook group below if you are a unit holder, to give your opinions on this.  https://www.facebook.com/groups/1661599120805998/
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HVRRVH Elite	26-Jan-2017 09:34        HVRRVH About Contact  Quote this Post!
x 0   x 0  Alert Admin	Some holders started selling now that the rights shares have been credited. I think they are rash. Hold on to it first, NAV is in excess of 50 cents! In a fire sale scenario it will also worth more than 40 cents.
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danger Supreme	26-Jan-2017 09:21        danger About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	SIAS , the investor watchdog had asked SABANA to address unitholders concern . One analyst view is that the stock may be re - rated soon
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Observers Elite	26-Jan-2017 08:58        Observers About Contact  Quote this Post!
x 0   x 0  Alert Admin	Managed to get 1/3 of excess rights applied  . More than I expected since excess application is 10 times the number of excess rights available.
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ehclim Elite	26-Jan-2017 08:41        ehclim About Contact  Quote this Post!
x 0   x 0  Alert Admin	Yes. Join the Remove the Sabana REIT Manager motion in the Facebook now. lorann      ( Date: 26-Jan-2017 06:58) Posted: Yes, vote the management out.
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john_ric Supreme	26-Jan-2017 08:28        john_ric About Contact  Quote this Post!
x 0   x 0  Alert Admin	this reit is a outright scam.
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lorann Senior	26-Jan-2017 06:58        lorann About Contact  Quote this Post!
x 0   x 0  Alert Admin	Yes, vote the management out.
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serious Master	25-Jan-2017 23:14        serious About Contact  Quote this Post!
x 0   x 0  Alert Admin	The manager knows it is an uphill task for minority to remove them, they are having the attitute like   ' ' What can you do to us even you know we con you ' '   ' ' So what you know we are cheating you " Just hope MAS or CAD step in to whack all these crooks ! HVRRVH      ( Date: 25-Jan-2017 21:56) Posted: This movement has been reported widely. So far, brokerage (Phillip), media (ST) and even Sias had   made refence to the movement and guess what? Sabana' s management behave as if nothing happened. Did they try to reach out to the organisers of this movement to discuss issues or instil confidence in us? They did absolutely and did not make any comment when ST approached them. I think we should really push for liquidation and wind up Sabana.
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Fangqq Member	25-Jan-2017 23:02        Fangqq About Contact  Quote this Post!
x 0   x 0  Alert Admin	Another revaluation loss of $40 millions reported in Q4 2016. Fangqq      ( Date: 25-Jan-2017 21:56) Posted: For Changi South Property (OIS page 49): The guaranteed net property rent, which provided by the seller, for year 3   is $2,119,135.04, but for year 4, confirmed annual rent for parts of the property is only $1,501,744.48. This means year 4 annual rent could be deceased by as much as 29% and this is likely to happen base on the past performance of Sabana Reit manager. Consequently the value of the property may need to be revised downward after year 4. ACTIVIST_SPEAKS      ( Date: 25-Jan-2017 08:49) Posted: --- Post Removed by User ---
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HVRRVH Elite	25-Jan-2017 21:56        HVRRVH About Contact  Quote this Post!
x 0   x 0  Alert Admin	This movement has been reported widely. So far, brokerage (Phillip), media (ST) and even Sias had   made refence to the movement and guess what? Sabana' s management behave as if nothing happened. Did they try to reach out to the organisers of this movement to discuss issues or instil confidence in us? They did absolutely and did not make any comment when ST approached them. I think we should really push for liquidation and wind up Sabana.
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Fangqq Member	25-Jan-2017 21:56        Fangqq About Contact  Quote this Post!
x 0   x 0  Alert Admin	For Changi South Property (OIS page 49): The guaranteed net property rent, which provided by the seller, for year 3   is $2,119,135.04, but for year 4, confirmed annual rent for parts of the property is only $1,501,744.48. This means year 4 annual rent could be deceased by as much as 29% and this is likely to happen base on the past performance of Sabana Reit manager. Consequently the value of the property may need to be revised downward after year 4. ACTIVIST_SPEAKS      ( Date: 25-Jan-2017 08:49) Posted: --- Post Removed by User ---
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