Alpha Integrated RE    Last:0.48    -0.01

REMOVE SABANA REIT MANAGER

We will fight to remove incompetent managers. Can you imagine, a REIT from more than $1, now is miserable 0.40+ /0.50+ cents.

chengwh1      ( Date: 07-Apr-2017 19:06) Posted: The very fact that, though ONLY 0.7% of unitholders, if my memory serves me correctly, are calling for these initiatives, and things have come down to an EGM needs to be called, is already a great vctory. In other matters in life, if such a small proportion calls for such initiatives, most probably the management will just brush them aside. The mgmt will think,...what' s the big hoo-haa from this kuchi-rat,... However, not this time with Sabana REIT. So, don' t stop here,... fight all the way since we' ve gotten their attention. Create history, set a good precedent for the other SG REITs,... don' t fool around with unitholders !

 

Agree

mrwise      ( Date: 07-Apr-2017 18:42) Posted: Make a history to remove incompetent manager and to serve as a warning to all!

 

When a lender decided to loan the borrower a sum of money, it is pure business decision to him. Lender does not care if the borrower is a trust or business. They will want to safeguard their own money, hence often there is a clause to define a change of management as a fundamental change that can trigger early redemption of loan. If borrower do not agree, it just means the loan facility is rejected. Even SIAS has flagged early redemption of loan as a real possibility in Jan 2017. Nobody of the requisition team have even reach out to the lenders to assure them or seek their views. Unless ESR make approaches to these financial institutions before 28 Apr, being seasoned business entities, ESR is likely to vote down the four resolutions.

 

Thanks for your support. There are many silent supporters and waiting for the moment of truth. This is the time to show to the managements that do not take the small and helpless unitholders for granted.

chengwh1      ( Date: 07-Apr-2017 19:06) Posted: The very fact that, though ONLY 0.7% of unitholders, if my memory serves me correctly, are calling for these initiatives, and things have come down to an EGM needs to be called, is already a great vctory. In other matters in life, if such a small proportion calls for such initiatives, most probably the management will just brush them aside. The mgmt will think,...what' s the big hoo-haa from this kuchi-rat,... However, not this time with Sabana REIT. So, don' t stop here,... fight all the way since we' ve gotten their attention. Create history, set a good precedent for the other SG REITs,... don' t fool around with unitholders !

 

The very fact that, though ONLY 0.7% of unitholders, if my memory serves me correctly, are calling for these initiatives, and things have come down to an EGM needs to be called, is already a great vctory. In other matters in life, if such a small proportion calls for such initiatives, most probably the management will just brush them aside. The mgmt will think,...what' s the big hoo-haa from this kuchi-rat,... However, not this time with Sabana REIT.

So, don' t stop here,... fight all the way since we' ve gotten their attention. Create history, set a good precedent for the other SG REITs,... don' t fool around with unitholders !

 

Trust mgr may think only the activists and probably some small holding retail investors are pissed. SSH who are experienced in reit , not pissed meh ?

 

Make a history to remove incompetent manager and to serve as a warning to all!

 

Probably to see how irrelevant they are ?

laksaman57      ( Date: 07-Apr-2017 18:28) Posted: US citizen will also warn, by 'EXPERTS' , of impending fund exit, stock market crash & fall of economy if Trump win. 'Expert' only tell what they know then and not what is possible after. What does investor expect of SIAS by attending the meeting ? W32012      ( Date: 07-Apr-2017 09:57) Posted: Vested unitholders should assess if what is stated in the EGM circular are real possibilities (i.e. loans recall by financial institution, uncertainty in management causing stock value collapse etc) or just empty threats. A good way is to attend the 21 Apr meeting organised by SIAS where SIAS can provide independent viewpoints to the issues. Do not rely on assumptions or hearsay. Do your own due diligence and make informed decision.

 

US citizen will also warn, by 'EXPERTS' , of impending fund exit, stock market crash & fall of economy if Trump win. 'Expert' only tell what they know then and not what is possible after.
What does investor expect of SIAS by attending the meeting ?

W32012      ( Date: 07-Apr-2017 09:57) Posted: Vested unitholders should assess if what is stated in the EGM circular are real possibilities (i.e. loans recall by financial institution, uncertainty in management causing stock value collapse etc) or just empty threats. A good way is to attend the 21 Apr meeting organised by SIAS where SIAS can provide independent viewpoints to the issues. Do not rely on assumptions or hearsay. Do your own due diligence and make informed decision.

 

For normal business entity what you said is correct. But this is a trust.

W32012      ( Date: 07-Apr-2017 07:15) Posted: This is essentially business decision which government will not interfere. When a lender extend credit, they often look at how comfortable they are with the management and their proposed business plans. The intention is to minimise their own risk in the loan arrangement. Essentially this is a risk limitation measure by the lender.

 

If the manager does get booted out, this will be the first of its kind in the SG REITs universe in history. ...

laksaman57      ( Date: 07-Apr-2017 17:07) Posted: Good price close, looks like the mkt supportive of booting out the mgr 😆

 

Good price close, looks like the mkt supportive of booting out the mgr 😆

 

YES, watching the development here clsoely too,...  April 28, Friday,  10am is the day of reckoning,... all SG REIT mgrs and trustees will be watching too !!!!!!!!!

 

Let' s face the ' unknown' together 

http://www.straitstimes.com/business/four-resolutions-to-be-tabled-at-sabana-reit-egm-on-april-28

 

Vested unitholders should assess if what is stated in the EGM circular are real possibilities (i.e. loans recall by financial institution, uncertainty in management causing stock value collapse etc) or just empty threats. A good way is to attend the 21 Apr meeting organised by SIAS where SIAS can provide independent viewpoints to the issues. Do not rely on assumptions or hearsay. Do your own due diligence and make informed decision.

 

Since the resolutions are up for voting, all shareholders should not be cowed by those ' warnings'  

From the timing of egm announcement and so fast reitsweek interview> report on warnings, for such intent, this mgr should be removed

 

Let Sabana warnings thru reitsweek report be a warning to all those already vested in Singapore Reits and future Reit IPO !

investshare      ( Date: 07-Apr-2017 07:10) Posted: I think this is something MAS or Sgx should look into. If Manager sign this type of agreements, it effectly make removing them impossible. Quote: However, the REIT manager warns that voting it out ?may trigger various breaches of obligations, events of default and early redemption obligations under the financing arrangements implemented by Sabana REIT,? according to the circular.

 

Let Sabana warnings thru reitsweek report be a warning to all those already vested in Singapore Reits and future Reit IPO !

investshare      ( Date: 07-Apr-2017 07:10) Posted: I think this is something MAS or Sgx should look into. If Manager sign this type of agreements, it effectly make removing them impossible. Quote: However, the REIT manager warns that voting it out ?may trigger various breaches of obligations, events of default and early redemption obligations under the financing arrangements implemented by Sabana REIT,? according to the circular.

 

Sabana' s announcement of egm on 6april look very well timed with reitsweek' s report also on 6april, should have achieve max impact on shareholders

 

 

This is essentially business decision which government will not interfere. When a lender extend credit, they often look at how comfortable they are with the management and their proposed business plans. The intention is to minimise their own risk in the loan arrangement. Essentially this is a risk limitation measure by the lender.