Alpha Integrated RE    Last:0.48    -0.01

REMOVE SABANA REIT MANAGER

Sabana Manager has warned unitholders not to vote them out.  

Summarize them into 10 points.   We reply.

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. 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.

 

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. 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.

 

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.

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.

 

"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.

 

Why should the lenders recall the loans if the payments are made on time after the change of manager? The condition that loans may be recalled in the event that there is a change in manager is just to safeguard the lenders' interest. If after the change of manager means prospects for the Reit is better why should the lenders recall the loans? Absolutely no reason. Don't scare people here. Just like call/put options, you have the right to exercise the options doesn't mean you have to excercise the options.

W32012      ( Date: 08-Apr-2017 22:08) Posted: The share price gone up because of market expectations of possible privatisation offer or hostile takeover bids, given unitholders disgruntlement that provide an opportunity for potential bidders. This is further fuelled by ESR entry. Such action may also prompt Vibrant to make privatisation bids to safeguard ownership of their assets. Why not you ask your fund managers or brokers on their views why Sabana prices has gone up. mrwise      ( Date: 08-Apr-2017 21:53) Posted: Haha.. if we are to believe in you to keep the manager ..the price will again dive back again and further! Can't you see what has happened to the share price that keep diving and releasing very low rights issue. The price only goes up because the minority starts to stay united and voices up and highlighted real issues which has initially cause the share prices to go lower and lower!!! My money is also hard earned and I do not wish to fall in poor manager hands! Keep our eyes open to see and know what is the truth that happened, not something based on assumption... The majority of us know who is right and wrong.. look at your thread and see who has supported you..

 

Please stop your nonsense here. We know who you are and we know more who we are. We are well informed and not based on hearsay. We will see you in EGM to trash it out.

W32012      ( Date: 08-Apr-2017 22:08) Posted: The share price gone up because of market expectations of possible privatisation offer or hostile takeover bids, given unitholders disgruntlement that provide an opportunity for potential bidders. This is further fuelled by ESR entry. Such action may also prompt Vibrant to make privatisation bids to safeguard ownership of their assets. Why not you ask your fund managers or brokers on their views why Sabana prices has gone up. mrwise      ( Date: 08-Apr-2017 21:53) Posted: Haha.. if we are to believe in you to keep the manager ..the price will again dive back again and further! Can't you see what has happened to the share price that keep diving and releasing very low rights issue. The price only goes up because the minority starts to stay united and voices up and highlighted real issues which has initially cause the share prices to go lower and lower!!! My money is also hard earned and I do not wish to fall in poor manager hands! Keep our eyes open to see and know what is the truth that happened, not something based on assumption... The majority of us know who is right and wrong.. look at your thread and see who has supported you..

 

The share price gone up because of market expectations of possible privatisation offer or hostile takeover bids, given unitholders disgruntlement that provide an opportunity for potential bidders. This is further fuelled by ESR entry. Such action may also prompt Vibrant to make privatisation bids to safeguard ownership of their assets. Why not you ask your fund managers or brokers on their views why Sabana prices has gone up.

mrwise      ( Date: 08-Apr-2017 21:53) Posted: Haha.. if we are to believe in you to keep the manager ..the price will again dive back again and further! Can't you see what has happened to the share price that keep diving and releasing very low rights issue. The price only goes up because the minority starts to stay united and voices up and highlighted real issues which has initially cause the share prices to go lower and lower!!! My money is also hard earned and I do not wish to fall in poor manager hands! Keep our eyes open to see and know what is the truth that happened, not something based on assumption... The majority of us know who is right and wrong.. look at your thread and see who has supported you.. W32012      ( Date: 08-Apr-2017 21:24) Posted: By all means, you can afford to lose your money, go ahead and vote out the manager for doing a lousy job. But not everyone is fortunate as you to have spare money to lose. They need to know that the risk of Sabana being in default due to early loan redemption is real and make an informed decision if they want risk their remaining value of investment just to oust the manager.

 

Haha.. if we are to believe in you to keep the manager ..the price will again dive back again and further!

Can't you see what has happened to the share price that keep diving and releasing very low rights issue.

The price only goes up because the minority starts to stay united and voices up and highlighted real issues which has initially cause the share prices to go lower and lower!!!

My money is also hard earned and I do not wish to fall in poor manager hands!

Keep our eyes open to see and know what is the truth that happened, not something based on assumption...

The majority of us know who is right and wrong.. look at your thread and see who has supported you..

W32012      ( Date: 08-Apr-2017 21:24) Posted: By all means, you can afford to lose your money, go ahead and vote out the manager for doing a lousy job. But not everyone is fortunate as you to have spare money to lose. They need to know that the risk of Sabana being in default due to early loan redemption is real and make an informed decision if they want risk their remaining value of investment just to oust the manager. mrwise      ( Date: 08-Apr-2017 21:09) Posted: Right! I support the move to remove the manager. Others may say no point crying over spill milk..this is totally irresponsible ! As an investor, we just want to earn a good dividend with stable income...if the manager is lousy, why keep? Enough to said, all of us have eyes to see and know what has happened. Remove the manager! Do what is right! At least we try with no regret, my money I decide. I do not want to lose my money on lousy management. For the big investors, please also consider our sincere call to do what is right. This business can be properly managed. But if the lousy manager is still around, we just got to stand united and remove them. Though we are small investors, I believe we can make a change. Remember, to change or nothing, your money u decide.. Do not stand aside and think good things will just happen...Every change needs everybody hands to clap. Let's do it! Attend the egm or allow someone to vote on your behalf!

 

I knew SIAS since the day when he started out to help a group of CLOB shareholders. I knew their agenda and many of us who had encounter with them will know too. I do not want to discuss here to get myself into trouble.
 

W32012      ( Date: 08-Apr-2017 21:50) Posted: As I said, go to the SIAS organised meeting on 21 Apr to query them on all the claims by the manager and requisition team. SIAS is an organisation set up to help retail investor. They will provide you with good advise regarding the potential risk (possibility of early loan redemption etc). Make your own informed decision. Vested unitholders are advised to do so and do not simply rely on hearsay or unsubstantiated assumptions that may not work out to your advantage. ehclim      ( Date: 08-Apr-2017 21:41) Posted: I doubts who you are? You don' t seem to me as a rationale small unitholders. I do not want to engage with such discussion with you which is getting nowhere. Based on my 30 years experience in investment, I am very sure my investment will remains intact, if not better, if we booted out the manager. The result is already reflected in the unit prices. Many of us like minded small unitholders will know what we are doing without your advice. I am wondering what is your agenda.

 

As I said, go to the SIAS organised meeting on 21 Apr to query them on all the claims by the manager and requisition team. SIAS is an organisation set up to help retail investor. They will provide you with good advise regarding the potential risk (possibility of early loan redemption etc). Make your own informed decision. Vested unitholders are advised to do so and do not simply rely on hearsay or unsubstantiated assumptions that may not work out to your advantage.

ehclim      ( Date: 08-Apr-2017 21:41) Posted: I doubts who you are? You don' t seem to me as a rationale small unitholders. I do not want to engage with such discussion with you which is getting nowhere. Based on my 30 years experience in investment, I am very sure my investment will remains intact, if not better, if we booted out the manager. The result is already reflected in the unit prices. Many of us like minded small unitholders will know what we are doing without your advice. I am wondering what is your agenda. W32012      ( Date: 08-Apr-2017 21:31) Posted: Are you ready to lose whatever remaining of your Sabana Reits investment just to oust the manager? If lender start early loan redemption, Sabana could then default and the resulting price volatility may wipe out most of your remaining investment. The risk is real. Whatever you have lost in the past due to that lousy manager is spilled milk. The decision you make now decide the fate of your remaining investment in Sabana. Make an informed choice based on your risk appetite because you need to take whatever result (good or bad) that comes with it.

 

I doubts who you are? You don' t seem to me as a rationale small unitholders. I do not want to engage with such discussion with you which is getting nowhere. Based on my 30 years experience in investment, I am very sure my investment will remains intact, if not better, if we booted out the manager. The result is already reflected in the unit prices. Many of us like minded small unitholders will know what we are doing without your advice. I am wondering what is your agenda.

W32012      ( Date: 08-Apr-2017 21:31) Posted: Are you ready to lose whatever remaining of your Sabana Reits investment just to oust the manager? If lender start early loan redemption, Sabana could then default and the resulting price volatility may wipe out most of your remaining investment. The risk is real. Whatever you have lost in the past due to that lousy manager is spilled milk. The decision you make now decide the fate of your remaining investment in Sabana. Make an informed choice based on your risk appetite because you need to take whatever result (good or bad) that comes with it. ehclim      ( Date: 08-Apr-2017 21:22) Posted: I am one of the retiree who earns my passive income by investing in good yield REIT. I will accept the results of the REIT if it is due to macro environment that is beyond the manager control but I cannot accept what was happenings in Sabana. Volatility is not caused by our actions to remove the manager but rather it was the result of the actions taken by the manager. Please check it up.

 

Are you ready to lose whatever remaining of your Sabana Reits investment just to oust the manager? If lender start early loan redemption, Sabana could then default and the resulting price volatility may wipe out most of your remaining investment. The risk is real. Whatever you have lost in the past due to that lousy manager is spilled milk. The decision you make now decide the fate of your remaining investment in Sabana. Make an informed choice based on your risk appetite because you need to take whatever result (good or bad) that comes with it.

ehclim      ( Date: 08-Apr-2017 21:22) Posted: I am one of the retiree who earns my passive income by investing in good yield REIT. I will accept the results of the REIT if it is due to macro environment that is beyond the manager control but I cannot accept what was happenings in Sabana. Volatility is not caused by our actions to remove the manager but rather it was the result of the actions taken by the manager. Please check it up.   W32012      ( Date: 08-Apr-2017 21:06) Posted: How about vested unitholders who are currently investing their retirement money in this counter? If they lost their remains life savings in the resultant volatility when lenders start recalling their loans after the manager is voted out, who will compensate them for their losses. Should these vested unitholders not know of the potential risk before making their own informed decision? Is it responsible to deny these vested unitholders information on potential risk

 

By all means, you can afford to lose your money, go ahead and vote out the manager for doing a lousy job. But not everyone is fortunate as you to have spare money to lose. They need to know that the risk of Sabana being in default due to early loan redemption is real and make an informed decision if they want risk their remaining value of investment just to oust the manager.

mrwise      ( Date: 08-Apr-2017 21:09) Posted: Right! I support the move to remove the manager. Others may say no point crying over spill milk..this is totally irresponsible ! As an investor, we just want to earn a good dividend with stable income...if the manager is lousy, why keep? Enough to said, all of us have eyes to see and know what has happened. Remove the manager! Do what is right! At least we try with no regret, my money I decide. I do not want to lose my money on lousy management. For the big investors, please also consider our sincere call to do what is right. This business can be properly managed. But if the lousy manager is still around, we just got to stand united and remove them. Though we are small investors, I believe we can make a change. Remember, to change or nothing, your money u decide.. Do not stand aside and think good things will just happen...Every change needs everybody hands to clap. Let's do it! Attend the egm or allow someone to vote on your behalf! ehclim      ( Date: 08-Apr-2017 20:53) Posted: If you know the manager is not performing and yet you let it be, don' t you think that you are selfish and irresponsible.  I can cut losses and get out of this shit but some naive and innocent new unitholders come in and step on it. Then the vicious cycle continues. We as responsible unitholders should unite and get rid all the rotten eggs in this industry.

 

I am one of the retiree who earns my passive income by investing in good yield REIT. I will accept the results of the REIT if it is due to macro environment that is beyond the manager control but I cannot accept what was happenings in Sabana. Volatility is not caused by our actions to remove the manager but rather it was the result of the actions taken by the manager. Please check it up.
 

W32012      ( Date: 08-Apr-2017 21:06) Posted: How about vested unitholders who are currently investing their retirement money in this counter? If they lost their remains life savings in the resultant volatility when lenders start recalling their loans after the manager is voted out, who will compensate them for their losses. Should these vested unitholders not know of the potential risk before making their own informed decision? Is it responsible to deny these vested unitholders information on potential risk? ehclim      ( Date: 08-Apr-2017 20:53) Posted: If you know the manager is not performing and yet you let it be, don' t you think that you are selfish and irresponsible.  I can cut losses and get out of this shit but some naive and innocent new unitholders come in and step on it. Then the vicious cycle continues. We as responsible unitholders should unite and get rid all the rotten eggs in this industry.

 

Right! I support the move to remove the manager.

Others may say no point crying over spill milk..this is totally irresponsible !

As an investor, we just want to earn a good dividend with stable income...if the manager is lousy, why keep?

Enough to said, all of us have eyes to see and know what has happened.

Remove the manager! Do what is right!

At least we try with no regret, my money I decide. I do not want to lose my money on lousy management.

For the big investors, please also consider our sincere call to do what is right. This business can be properly managed. But if the lousy manager is still around, we just got to stand united and remove them. Though we are small investors, I believe we can make a change.

Remember, to change or nothing, your money u decide.. Do not stand aside and think good things will just happen...Every change needs everybody hands to clap.

Let's do it! Attend the egm or allow someone to vote on your behalf!

ehclim      ( Date: 08-Apr-2017 20:53) Posted: If you know the manager is not performing and yet you let it be, don' t you think that you are selfish and irresponsible.  I can cut losses and get out of this shit but some naive and innocent new unitholders come in and step on it. Then the vicious cycle continues. We as responsible unitholders should unite and get rid all the rotten eggs in this industry. W32012      ( Date: 08-Apr-2017 13:39) Posted: That the manager is not performing, causing vested unitholders to lose values in their investment is a fact. But this is also spilled milk that cannot be recovered. What rational unitholders need to do now is to find a right price point to cut losses. Voting out the manager without a replacement create an uncertainty (if creditor will choose early redemption) that may cause price to collapse. If you are a vested unitholders, are you ready to lose all your remaining value in Sabana just to give a "middle finger" to the manager? If those are your spare cash, by all means. But if this is your retirement fund, you better think twice. Use your head, not your heart in investment.

 

How about vested unitholders who are currently investing their retirement money in this counter? If they lost their remains life savings in the resultant volatility when lenders start recalling their loans after the manager is voted out, who will compensate them for their losses. Should these vested unitholders not know of the potential risk before making their own informed decision? Is it responsible to deny these vested unitholders information on potential risk?

ehclim      ( Date: 08-Apr-2017 20:53) Posted: If you know the manager is not performing and yet you let it be, don' t you think that you are selfish and irresponsible.  I can cut losses and get out of this shit but some naive and innocent new unitholders come in and step on it. Then the vicious cycle continues. We as responsible unitholders should unite and get rid all the rotten eggs in this industry. W32012      ( Date: 08-Apr-2017 13:39) Posted: That the manager is not performing, causing vested unitholders to lose values in their investment is a fact. But this is also spilled milk that cannot be recovered. What rational unitholders need to do now is to find a right price point to cut losses. Voting out the manager without a replacement create an uncertainty (if creditor will choose early redemption) that may cause price to collapse. If you are a vested unitholders, are you ready to lose all your remaining value in Sabana just to give a "middle finger" to the manager? If those are your spare cash, by all means. But if this is your retirement fund, you better think twice. Use your head, not your heart in investment.

 

If you know the manager is not performing and yet you let it be, don' t you think that you are selfish and irresponsible.  I can cut losses and get out of this shit but some naive and innocent new unitholders come in and step on it. Then the vicious cycle continues. We as responsible unitholders should unite and get rid all the rotten eggs in this industry.

W32012      ( Date: 08-Apr-2017 13:39) Posted: That the manager is not performing, causing vested unitholders to lose values in their investment is a fact. But this is also spilled milk that cannot be recovered. What rational unitholders need to do now is to find a right price point to cut losses. Voting out the manager without a replacement create an uncertainty (if creditor will choose early redemption) that may cause price to collapse. If you are a vested unitholders, are you ready to lose all your remaining value in Sabana just to give a "middle finger" to the manager? If those are your spare cash, by all means. But if this is your retirement fund, you better think twice. Use your head, not your heart in investment.

 

Why don't you just give HSBC trustee a call to confirm their "obligation", if indeed there is one specified in the trust deed.

ACTIVIST_SPEAKS      ( Date: 08-Apr-2017 16:56) Posted: --- Post Removed by User ---

 

I take it that to mean you did not even bother to ask HSBC trustees to confirm their obligation under the trust deed. So you "assume" they will help you find and approve that Reits manager.

ACTIVIST_SPEAKS      ( Date: 08-Apr-2017 16:38) Posted: --- Post Removed by User ---

 

Then state it out now did the trustee confirm with you that they have the corporate structure to look for and approve a new reit manager. Did you ever confirm with HSBC trustee they indeed have this obligation under than trust deed.

ACTIVIST_SPEAKS      ( Date: 08-Apr-2017 16:20) Posted: --- Post Removed by User ---