Alpha Integrated RE    Last:0.48    -0.01

REMOVE SABANA REIT MANAGER

Please lah, what has SIAS done so far for retail investors? some kind of invest programmes in partnership with other institutons? What have they done pre ABL? Even ST' s Mr Goh sounded more alarm than them I reckon. Their latest initiative is to ask selected companies questions after companies released their FY reports. They can' t even get their question right in one of the questions they asked Keong Hong!!! My goodness. SIAS get their funds from ' donations' by listed companies and please go and find out how much SIAS top man is drawing per year as compensation, make me sick. 

W32012      ( Date: 09-Apr-2017 09:41) Posted: Isn' t this SIAS-moderated forum an opportunity for you to go question and challenge Sabana management if you claim their claims of early loan redemption is false. The SIAS independent expert will be there to moderate the forum and give their views to claims by all parties. If SIAS' expert indeed support your views, it will definitely sway undecided unitholders to your rank, vice versa. More information is never a bad thing in investment.  ACTIVIST_SPEAKS      ( Date: 09-Apr-2017 09:01) Posted: --- Post Removed by User ---

 

I summarize what he has said:

1: Pretend to be a kind soul and advised unitholders to sell the units before it drops further and protect their hard earned money.

2. Use hard approach to threaten the unitholders the consequence of booting out the manager likes the loan facilities will get recall by the banks.

3. Now he uses soft approach by advising unitholders to attend so call independent experts advice talk.

I hope unitholders can see his true colour by now. Unity is strength.

ehclim      ( Date: 09-Apr-2017 09:04) Posted: Dear unitholders, you notice this guy is so desperate and persistent. He was the last one to post on this thread last night and the first to post in the early morning.

 

Isn' t this SIAS-moderated forum an opportunity for you to go question and challenge Sabana management if you claim their claims of early loan redemption is false. The SIAS independent expert will be there to moderate the forum and give their views to claims by all parties. If SIAS' expert indeed support your views, it will definitely sway undecided unitholders to your rank, vice versa. More information is never a bad thing in investment. 

ACTIVIST_SPEAKS      ( Date: 09-Apr-2017 09:01) Posted: --- Post Removed by User ---

 

I believe that uncertainty and creation of awareness of current incompetent manager is good. It is then the lousy manager will be taken over and better manager will manage the property well like other REITs.

I am not afraid of initial volatile prices if there is and prepare to take the Low risk. Our property comes with a value and no equivalent with zero dollars. No need to scare us or tell us what u think we should do. We have gone through the Low prices...we will no longer be the timid cats..with the scary remarks provided...

We will roar like a lion and do what is right in our egm.

Most of us knows the situation well. No longer kept in the dark. The ugly things were exposed.

I don't wish to make further comments but certainly hope all investors to take a good look at what is best for you.

See u all at the coming EGM. Let's vote for our rights this time. We can make history to flip the company around ! N

W32012      ( Date: 08-Apr-2017 22:33) Posted: "Uncertainty" will cause lender to recall the loan early. Uncertain as to the future business direction, uncertain as to who is the replacement manager, uncertain as to whether trustee will take on the role of looking for the manager, uncertainty as to how long it will take to look for the manager, uncertainty as to regulatory approval for the new manager etc. There are so much uncertainties. If you are the lender, are you willing to stick your neck out to bet that all these uncertainty will iron itself out or take the easier route to just redeem the loans and put the money to better investments.

 

Dear unitholders, you notice this guy is so desperate and persistent. He was the last one to post on this thread last night and the first to post in the early morning.

 

Why we need to convince the so call independent experts? They serve no good to us and we know what we are doing. We are not a bunch of fools who just follow blindly. We will continue to do the right thing so as to benefit many small unitholders not only in Sabana but many other REITs going forward. Please save your breath and prepare yourself on 28 April. 2017.
 

W32012      ( Date: 09-Apr-2017 06:31) Posted: Why not attend the 21 Apr SIAS meeting for a Sabana Reits to stress test your views and seek a second opinion with the independent experts from SIAS. If you can convince the independent experts of SIAS, I am sure your contributions can help the many undecided unitholders at the meeting decide on their next course of action. jackson5      ( Date: 09-Apr-2017 03:05) Posted: Are you Kelvin or Bobby ? We have decided to vote you all out !

 

Why not attend the 21 Apr SIAS meeting for a Sabana Reits to stress test your views and seek a second opinion with the independent experts from SIAS. If you can convince the independent experts of SIAS, I am sure your contributions can help the many undecided unitholders at the meeting decide on their next course of action.

jackson5      ( Date: 09-Apr-2017 03:05) Posted: Are you Kelvin or Bobby ? We have decided to vote you all out ! W32012      ( Date: 09-Apr-2017 00:44) Posted: Vested unitholders are advised to attend the SIAS organised meeting on 21 Apr to seek SIAS independent advice with regard to claims by both manager and requisitor. SIAS is an organisation set up to help retail investors. You can seek their independent views on contentious questions such as possibility of early loan redemption due to breach of loan covenants and their resultant impact on the Reits prices. Base your investment decision on facts, not assumptions.

 

Are you Kelvin or Bobby ? We have decided to vote you all out !

W32012      ( Date: 09-Apr-2017 00:44) Posted: Vested unitholders are advised to attend the SIAS organised meeting on 21 Apr to seek SIAS independent advice with regard to claims by both manager and requisitor. SIAS is an organisation set up to help retail investors. You can seek their independent views on contentious questions such as possibility of early loan redemption due to breach of loan covenants and their resultant impact on the Reits prices. Base your investment decision on facts, not assumptions.

 

Vested unitholders are advised to attend the SIAS organised meeting on 21 Apr to seek SIAS independent advice with regard to claims by both manager and requisitor. SIAS is an organisation set up to help retail investors. You can seek their independent views on contentious questions such as possibility of early loan redemption due to breach of loan covenants and their resultant impact on the Reits prices. Base your investment decision on facts, not assumptions.

 

Initially he did it subtly to avoid attention and portray himself likes an independent party who puts interest on small unitholders. We have to expose his true colour.

laksaman57      ( Date: 09-Apr-2017 00:00) Posted: Great of you to help break down his intent. Pretty clear where he's coming from. He confirmed for me, i should do the exact opposite of all he suggested. 😊 ehclim      ( Date: 08-Apr-2017 23:10) Posted: Agree but I want to highlight his ill intention.

 

If managers can' t be removed, then the REIT industry in SG will certainly not be attractive anymore to worldwide investors because any manager that goes up there will know that he just needs to ensure the loan covenant says if he is removed, the creditor MUST call back the loans immediately. Hence, this manager CAN' T BE REMOVED at all,... no matter what nonsense he dies to unitholders.

The only recourse to unitholders would then be to find a ' more stupid fool' who would buy over his units and release him from that holding (which is what this person is suggesting,... my goodness,....). I' m sure current investors of Sabana REIT here are not investing only in this despicable counter, we would have holdings in other SG REIT counters too. Whatever we do for this counter will, in the long run, serve as a warning to the other REIT counters that we hold that they should do the best for their untholders, being you and I and the rest who may or may not be Sabana unitholders, and if NOT, they (the other REIT managers) may suffer the same fate as these Sabana managers too.

Whatever happens to Sabana today, will serve as a precedent to your other holdings too, not only for your holdings in Sabana. If Sabana succeeds in gripping your necks, then the other REITs will use the same tactic to grip your necks too. Hence, please think if you would rather take a chance  and trust  what this person is saying, that  is..  keep Sabana because if Sabana is voted out,  everything will fall apart. If you do this,  you are showing all other REITs you are scared,... in which case, the other REITs will bully you too later on.

Voting to keep Sabana will set forward a precedent which will risk making you lose all your other holdings  in future.

Hence the question now becomes : do you wish to risk losing only your holdings in Sabana REIT, for which you may not lose after all,... or do you wish to be intimidated by the loan-recall arm-twisting tactic and vote to keep Sabana REIT, in this process, risking ALL of your investments in REITs ?

 

Great of you to help break down his intent. Pretty clear where he's coming from. He confirmed for me, i should do the exact opposite of all he suggested. 😊

ehclim      ( Date: 08-Apr-2017 23:10) Posted: Agree but I want to highlight his ill intention. HVRRVH      ( Date: 08-Apr-2017 23:07) Posted: Ignore him. Just vote out the manager. I will write to DBS to vote for all the resolutions as I hold the units under CPF. The manager is indeed lousy, knowing the master leases are expiring but unable to preserve value for unitholders.

 

I must say the current manager is really afraid of an all-out vote against them, so much so that they need to put this person into the picture since Feb 17 to fight each and every post that unitholders here make. If unitholders here check back far enough, I was the firts person who commented that theie latest acquisition creates disadvantages, not value,  to unitholders left and right !

This person did not appear back then, but started to appear when unitholders here begin to gather to have a common voice. Well, the vote will go on, the EGM will go on,... this person can fight all he wants, unitholders have gotten the attention to the extent that an EGM has to be called now !

The other odd thing that I noticed among the discussions here is : this person AGREES that the manager has done a bad job, and it is spilt milk, BUT he insists to keep this manager just because the manager  is holding  our necks  because of  the loans ! IF this is the case, then we don' t need a Trust Deed anymore, because all REITs have loans, and the manager just needs to hold on to the loans and can screw up the unitholders big time. What' s the motivation anymore  to create value for unitholders ?

I got to say he is really trying very, very hard to scare the unitholders.

 

If you feel any of my post is invalid or untruthful or have ill intention, there is a button on your left. Click it and report to the moderator. Otherwise find more facts to substantiate your belief. All vested unitholders have the right to know the risk involved. Vested unitholders are advised to go to the 21 Apr SIAS meeting to seek their views and opinions before deciding on their course of action. Investment is not gambling. Decide with your head, not your heart.

ehclim      ( Date: 08-Apr-2017 23:10) Posted: Agree but I want to highlight his ill intention. HVRRVH      ( Date: 08-Apr-2017 23:07) Posted: Ignore him. Just vote out the manager. I will write to DBS to vote for all the resolutions as I hold the units under CPF. The manager is indeed lousy, knowing the master leases are expiring but unable to preserve value for unitholders.

 

Agree but I want to highlight his ill intention.

HVRRVH      ( Date: 08-Apr-2017 23:07) Posted: Ignore him. Just vote out the manager. I will write to DBS to vote for all the resolutions as I hold the units under CPF. The manager is indeed lousy, knowing the master leases are expiring but unable to preserve value for unitholders. ehclim      ( Date: 08-Apr-2017 23:00) Posted: I went through all your threads in this forum. You have started this forum in 18 Feb, 2017 which was around the same time a group of like minded Sabana unitholders came together to fight for the good cause to protect our hard earned money from evaporating in the hands of irresponsible manager. About 95% of your threads are focused on " Remove of Sabana Manager" but all are against our movement. What is your agenda?

 

Before the current activists movement, the price has been sliding day after day. What can be worse? The lower it hit was 30 something cents? Was it 35 or 36? Look at the current price! I will take my chance.

W32012      ( Date: 08-Apr-2017 23:05) Posted: The irony is you expect the big unitholders like Vibrant, E-Shang or Mr Tong to take actions to save the Reits in event things go south. When things go south, reit prices will also go south. If there any action existing big unitholders will take, it is likely to be taking advantage of the cheap prices in the aftermath to privatise the Reits. By then existing unitholders will already have suffered additional losses. HVRRVH      ( Date: 08-Apr-2017 22:54) Posted: You make it as if the manager is everything to the Reit. If I am the lenders I will look at NAV and cash flow of the Reit. If the business operation can generate enough cash flow to pay the loans on time, why should I recall the loans just because the manager has changed? As it is now, there is nothing to suggest the Reit will stop normal business function if the current manager is booted out. I am sure if this come to pass, big shareholders will take action to have new manager in place. Not only to continue the business but probably to enhance the value for unitholders including THEMSELVES.

 

Ignore him. Just vote out the manager. I will write to DBS to vote for all the resolutions as I hold the units under CPF. The manager is indeed lousy, knowing the master leases are expiring but unable to preserve value for unitholders.

ehclim      ( Date: 08-Apr-2017 23:00) Posted: I went through all your threads in this forum. You have started this forum in 18 Feb, 2017 which was around the same time a group of like minded Sabana unitholders came together to fight for the good cause to protect our hard earned money from evaporating in the hands of irresponsible manager. About 95% of your threads are focused on " Remove of Sabana Manager" but all are against our movement. What is your agenda?

 

The irony is you expect the big unitholders like Vibrant, E-Shang or Mr Tong to take actions to save the Reits in event things go south. When things go south, reit prices will also go south. If there any action existing big unitholders will take, it is likely to be taking advantage of the cheap prices in the aftermath to privatise the Reits. By then existing unitholders will already have suffered additional losses.

HVRRVH      ( Date: 08-Apr-2017 22:54) Posted: You make it as if the manager is everything to the Reit. If I am the lenders I will look at NAV and cash flow of the Reit. If the business operation can generate enough cash flow to pay the loans on time, why should I recall the loans just because the manager has changed? As it is now, there is nothing to suggest the Reit will stop normal business function if the current manager is booted out. I am sure if this come to pass, big shareholders will take action to have new manager in place. Not only to continue the business but probably to enhance the value for unitholders including THEMSELVES. W32012      ( Date: 08-Apr-2017 22:47) Posted: Question is do the lenders have your risk appetite. If not and they redeem Sabana Liam early, the only certainty is Sabana may be in default and existing unitholders can only see their remaining values of investment evaporated into thin air.

 

I went through all your threads in this forum. You have started this forum in 18 Feb, 2017 which was around the same time a group of like minded Sabana unitholders came together to fight for the good cause to protect our hard earned money from evaporating in the hands of irresponsible manager. About 95% of your threads are focused on " Remove of Sabana Manager" but all are against our movement. What is your agenda?

 

You make it as if the manager is everything to the Reit. If I am the lenders I will look at NAV and cash flow of the Reit. If the business operation can generate enough cash flow to pay the loans on time, why should I recall the loans just because the manager has changed? As it is now, there is nothing to suggest the Reit will stop normal business function if the current manager is booted out. I am sure if this come to pass, big shareholders will take action to have new manager in place. Not only to continue the business but probably to enhance the value for unitholders including THEMSELVES.

W32012      ( Date: 08-Apr-2017 22:47) Posted: Question is do the lenders have your risk appetite. If not and they redeem Sabana Liam early, the only certainty is Sabana may be in default and existing unitholders can only see their remaining values of investment evaporated into thin air. HVRRVH      ( Date: 08-Apr-2017 22:42) Posted: All the uncertainty will become certainty once EGM is over and current manager removed. You are after certainty in investment? No bao jiak in investment. We make our decision at the material time based on available facts and now we decide to try to remove the manager based on its lousy performance. I only know in life only dead and taxes are a certainty.