Alpha Integrated RE    Last:0.48   -

SABANA REIT

Wrong la, it rises by 4%. The drop is because of the extra preferential shares.

The money received from the extra shares issued was received on 28th March (3 days before the end of Q1).. And the money was used to repay debts and only help the company saved 3 days  of interest. BUT the extra shares received the full allocation of dividend for Q1.

If u pro-rate the dividend for those new shares aka 3 days of dividend, the DPU increase is arounf $0.0108 (around there) increase by 4% and this mark the first increase in DPU for a long time ==> Good sign.

So the next quarter, the interest saved from  the $125m received from the extra share that is used to pay up debts will be used to pay dividend so the dividend will be back to normal and based on Q1 trend, the dividend will be around 1 cent , increase from last year
 

laksaman57      ( Date: 20-Apr-2018 12:34) Posted: ESR reit dpu fell, yet again

 

ESR reit dpu fell, yet again

 

The aim of E-shang is to merge ESR Reits with Viva Trust to become 4th largest industrial reit in singapore. Then they will merge with Sabana and perhaps some smaller reits. Lets hope they merge to form the LARGEST industrial reit in Singapore

laksaman57      ( Date: 18-Apr-2018 10:32) Posted: E-Shang has rich clients and good connection. Very positive for Sabana.

 

OH NO 😨 , coming AGM on 25Apr, going to ask for mandate to again issue units by way of rights, bonus or otherwise. Luckily this mandate was earlier blocked, leading to dpu improving without further dilution

 

E-Shang has rich clients and good connection. Very positive for Sabana.

 

Patient....

Glory time....to reveal soon...

 

 

Wow, E-Shang Redwood now pumping up Sabana REIT.....................

New broom sweeps clean for Sabana REIT&rsquo s unitholders
17/04/18, 10:25 am

SINGAPORE (Apr  16): In a Singapore Exchange filing, e-Shang Redwood (ESR), a pan-Asia logistics real estate developer, which is the sponsor and major shareholder of ESR-REIT, announced that it held a 7.05% stake in Sabana Shariah Compliant Industrial REIT as at April 6.

Sabana REIT&rsquo s net asset value as at Dec 31 was 53 cents and the real estate investment trust is one of a handful of REITs trading below their NAV. Asked for his view on ESR&rsquo s increasing its stake, Donald Han, CEO of Sabana REIT&rsquo s manager, says: &ldquo It&rsquo s good value to buy at 42 cents when the NAV is [53] cents.&rdquo

Although the shareholding of the manager has not altered during the past 12 months, the management has changed. Han, a veteran property consultant, became CEO of Sabana REIT&rsquo s manager on Jan 25. In a recent interview, he outlined what he calls his &ldquo Refocused, Recalibrated Strategy&rdquo .

https://www.theedgesingapore.com/new-broom-sweeps-clean-sabana-reit%E2%80%99s-unitholders

 

https://www.reitsweek.com/2018/04/esr-cayman-increases-stake-in-sabana-reit-rekindling-takeover-hopes.html ESR Cayman increases stake in Sabana REIT, rekindling takeover hopes 0 By Ridzwan Rahmat on April 7, 2018 Singapore REITs, Unitholdings ESR Cayman Limited& rsquo s stake in Sabana REIT has increased after a subsidiary of the firm acquired 1,400,000 units via an open market transaction on 4 April. Units of the REIT were acquired by e-Shang Infinity Cayman Limited, a wholly-owned subsidiary of e-Shang Jupiter Cayman Limited, which is in turn a 95.2%-owned subsidiary of ESR Cayman Limited. ESR Cayman Limited is the Warburg Pincus-backed real estate investor and developer, and the firm is currently focused on investments in the Asia-Pacific region.

 

Takeover target....may burst up anytime...1st target $0.48!

Time to take note of this undervalue stock with good dividend!



 

 

Surprised the price didn' t go up with the news ...

 

Opportunity missed, no thanks to ex-CEO. Retaining him for strategic review was a Big Mistake ...
http://www.straitstimes.com/business/companies-markets/esr-reit-viva-industrial-trust-said-to-plan-merger

HVRRVH      ( Date: 26-Jan-2018 16:51) Posted: Talk have it that ESR and Viva could merge? What is going to happen to ESR's stake in sabana?

 

The  prospect is better but not good.  Six master leases are expiring and one definitely not renewing. Plenty of work ahead.

It should go up for all the excitement till next Q until worse result is  announced.  Thereafter anything can happen

 

Talk have it that ESR and Viva could merge? What is going to happen to ESR's stake in sabana?

 

First time as far as I can remember, sabana price goes up after results announced! Poorer results no less. No other explanation other than shareholders are pinning the hope on new CEO and the Board. I have cut loss and move on but hopefully the new CEO can turn the business around.

 

Date Of Appointment	25/01/2018
Name Of Person	Han Yong Lee
Age	53
Country Of Principal Residence	Singapore
The Board' s comments on this appointment (including rationale, selection criteria, and the search and nomination process)	The Board, taking into consideration the academic and professional qualifications, expertise, working experience and knowledge of Mr Han and at the recommendation of the Nominating and Remuneration Committee, is satisfied that Mr Han possesses the requisite competencies and experience to assume the responsibilities as the Chief Executive Officer.
Whether appointment is executive, and if so, the area of responsibility	Executive
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)	Chief Executive Officer
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries	Nil
Conflict of interests (including any competing business)	Nil

 

the lousy mgt still hiding the results.

 

11 January 2018 - Sabana Real Estate Investment Management Pte. Ltd., as the Manager of Sabana Shari&rsquo ah Compliant Industrial Real Estate Investment Trust (&ldquo Sabana REIT&rdquo ), wishes to announce that Sabana REIT will release its financial results for the fourth quarter from 1 October 2017 to 31 December 2017 (&ldquo 4Q 2017&rdquo ) and for the full year from 1 January 2017 to 31 December 2017 (&ldquo FY 2017&rdquo ), on Thursday 25 January 2018, after trading hours. ​

 

SGX help keep an eye on mgr 👍

 

SABANA SHARI&rsquo AH COMPLIANT INDUSTRIAL REAL ESTATE INVESTMENT TRUST (a real estate investment trust constituted on 29 October 2010 under the laws of the Republic of Singapore)
 
RESPONSE TO SGX QUERY
 
The Board of Directors (the &ldquo Board&rdquo ) of Sabana Real Estate Investment Management Pte Ltd (the &ldquo Manager&rdquo ) refers to the queries from Singapore Exchange Securities Trading Limited (" SGX-ST" ) on 12 January 2018 and sets out its responses as follows:
 
Question 1: What is the status of application to the MAS in relation to extension of time for compliance with the relevant requirement that the audit committee of a REIT manager to comprise at least 3 members?
 
Manager&rsquo s response:
 
The Manager had previously applied for a waiver from the Monetary Authority of Singapore (the &ldquo MAS&rdquo ) from the requirements of paragraph 5.1(a) of the Notice to all Holders of a Capital Markets Services Licence for Real Estate Investment Trust Management issued by the MAS on 1 January 2016 and paragraph 3.4 of the Guidelines to all Holders of a Capital Markets Services Licence issued  by the MAS on 1 January 2016 until such time an additional independent director and Audit Committee member is appointed, in any event by 27 January 2018. 
 
The Manager has identified a new third independent director and has submitted an application to the MAS. The application is pending approval.
 
Question 2: (i)  What is the status of the appointment of CEO? Has the Manager identified any candidates? (ii)  What are the reasons that a new CEO has not been identified / appointed? When is the target date for the appointment of new CEO?
 
Manager&rsquo s response:
 
(i)  The Manager has identified a candidate to be appointed as CEO and has submitted an application to the MAS. The application is pending approval.
 
(ii)  The Manager had previously found it challenging to recruit a suitable candidate who was willing to be the CEO of the Manager while discussions with ESR Funds Management (S) Limited (formerly known as Cambridge Industrial Trust Management Limited) (in its capacity as manager of ESR-REIT (formerly known as Cambridge Industrial Trust) (the &ldquo ESR-REIT
2
 
Manager&rdquo ) to explore options in connection with the strategic review exercise were still ongoing. Prospective candidates were also concerned that their potential tenure as CEO might be very short and lack a strategic mandate in the event any potential proposal from the ESR-REIT Manager materialises. As announced on 25 November 2017, discussions with the ESR-REIT Manager have since ceased. As explained in 2(i) above, a candidate has now been identified and the application for the appointment of that candidate as the CEO of the Manager is pending approval from the MAS.
 
Question 3: Please provide a detailed indicative timeline for completion of the strategic review.
 
Manager&rsquo s response:
 
As announced on 25 November 2017, discussions between the Manager and the ESR-REIT Manager have ceased. To date, the Manager has not received binding offers. Once the new CEO and the new third independent non-executive director are appointed, the Strategic Review will cease. 
Notwithstanding the cessation of the Strategic Review, the Manager will remain open to considering proposals from prospective strategic partners. 
 
 
 
 
In the meantime, Unitholders are advised to exercise caution when dealing in the units of Sabana REIT. Unitholders are further advised to read this announcement and any subsequent announcements by the Manager carefully.
 
 
 
 
By Order of the Board Sabana Real Estate Investment Management Pte. Ltd. (Company registration number 201005493K) As Manager of Sabana Shari&rsquo ah Compliant Industrial Real Estate Investment Trust
 
Kevin Cho Company Secretary 15 January 2018

 

Undervalued counter.

Hope to see some actions soon! Best if taken over by another better management!

john_ric      ( Date: 15-Jan-2018 10:28) Posted: why the share price is not displayed here like other counters?? ​ wierd!!