Post Reply
41-60 of 540
The time is now. We do not need incompetent managers
Hope they have enough e-voting handsets
Unitholders can ask as many questions as possible to drag the time even up to 11am. Not so difficult .
ehclim ( Date: 27-Apr-2017 22:32) Posted:
Sabana AGM is at 9:00am whereas EGM is at 10:30am tomorrow, 28 April, 2017. We have to ensure the EGM will not commence earlier even the AGM ends earlier so as to ensure some unitholders who do not wish to attend the AGM but want to attend the EGM.
laksaman57 ( Date: 27-Apr-2017 21:37) Posted:
| Gentle reminder tomolo egm time is 0900hr |
|
|
|
Sabana AGM is at 9:00am whereas EGM is at 10:30am tomorrow, 28 April, 2017. We have to ensure the EGM will not commence earlier even the AGM ends earlier so as to ensure some unitholders who do not wish to attend the AGM but want to attend the EGM.
laksaman57 ( Date: 27-Apr-2017 21:37) Posted:
| Gentle reminder tomolo egm time is 0900hr |
|
Gentle reminder tomolo egm time is 0900hr
Let me first qualify I am long not vested in Sabana as I cut loss way back when, owing to very poor impression of Reit Manager. DG comments that he "understand the RM plight" made me see the need to echo the view it is so misleading. It is down to quality of Manager in either enhancing unit value, or mitigate negative circumstances beyond one's control. Example, I continue to hold Soilbuild Reit but I do not fault RM owing to the issues arising from its O&M tenants. Things happen too fast and one cannot switch tenancy portfolio so easily, and Soilbuild RM did take clear measures to mitigate impact. Ditto for say Cache. In the similar sector as Sabana, Reits like AIMS and Viva continue to deal with the "poor" economic sector and in fact, DPS and shareholder value maintained robustly (remarks : past good action does not imply future action - one has to keep monitoring). In this regard, frustrated long suffering Sabana shareholders are understandably upset - this is just down to an inept RM with poor investor communication skills. As said by many, not all Reits are equal. An investor in Reits need to appreciate RM abilty and the financial management model they run (example, raising capital by rights for yield accretive action, or leveraging debt smartly, are all part of the game). As someone no longer vested in Sabana, I take no public position to remove RM or not. But to say the plight of Sabana RM is understandable is truly a mockery of faithful unit holders. Despie its price risen from all time low, even today Sabana's price is way lower than my past cut loss price! I feel for unit holders. I wish the retail investors using their hard earned savings all the best.
Fangqq ( Date: 25-Apr-2017 17:45) Posted:
 
ACTIVIST_SPEAKS ( Date: 24-Apr-2017 15:11) Posted:
| --- Post Removed by User --- |
|
|
|
Calm before the storm. Once in your life time, so please exercise your vote wisely to protect your investment and your hard earned money especially for many old folks, their monies are for their livelihood. Voting out the incompetent manager is the only way to see light at the end of tunnel.
ACTIVIST_SPEAKS ( Date: 24-Apr-2017 15:11) Posted:
| --- Post Removed by User --- |
|
ACTIVIST_SPEAKS ( Date: 25-Apr-2017 09:29) Posted:
| --- Post Removed by User --- |
|
In the article on this matter in the BT yesterday, Gerald mentioned that the internationalisation of the REIT has NEVER been done before in the REIT universe.
What do we call that move by Croesus Retail Trust back in mid-year last year ?
Voice out our unhappiness and vote out the incompetent manager! This is our rare chance...
Time for a good change and get back our investment in positive returns!
ehclim ( Date: 22-Apr-2017 10:58) Posted:
It is not only a " Silent dialogue" but it is a more ridiculous dialogue that is the dialogue between the Manager and the Moderator. All the interested parties were not allowed to voice their concerns.
HVRRVH ( Date: 22-Apr-2017 10:42) Posted:
I already state that I won' t attend the dialouge as I felt the tone of the dialouge already gear toward ' defending' the current management. Nevertheless, it seems that it was a fullhouse, which goes to show the unitholders are taking the potential change in management seriously which is good. From the feedback, it seems the dialouge is a ' silent dialouge' - unitholders cannot ask questions directly to the panel but must write in a piece of paper ' controlled dialouge' - participants won' t know ALL the questions that put forth by fellow participants ' selective dialouge' - moderator can chose what questions to air and all in all, the manager and SIAS simply re-emphasis their stand all along. So they are going to do the things they have been doing and expect us to accept? They did not open room for discussion? They think they know all the answers ad solutions? Are the dismissing us? The only ' positive' is the SR that they are conducting and on that front, nothing is guarantee. In summary, please vote them out.
|
|
|
|
Sorry, should be less than 1% if it is based on Q4FY16 distribution which was about S$9m.
ehclim ( Date: 23-Apr-2017 13:36) Posted:
At least 10% of our Q1FY17 DPU has gone to host this event for their benefit.
serious ( Date: 23-Apr-2017 13:27) Posted:
| Sabana paid for everything , including a engagement fees to SIAS . SIAS don't do it for free . |
|
|
|
At least 10% of our Q1FY17 DPU has gone to host this event for their benefit.
serious ( Date: 23-Apr-2017 13:27) Posted:
| Sabana paid for everything , including a engagement fees to SIAS . SIAS don't do it for free . |
|
Sabana paid for everything , including a engagement fees to SIAS . SIAS don't do it for free .
It is our money if it is from Sabana.
ehclim ( Date: 23-Apr-2017 12:59) Posted:
You are right. Who pays for the dinner? Sabana or SIAS?
mrwise ( Date: 23-Apr-2017 12:56) Posted:
How much it cost for the "sumptuous dinner" versus our investment cost which is much much higher?
Time to do things right and vote out incompetent manager! |
|
|
|
You are right. Who pays for the dinner? Sabana or SIAS?
mrwise ( Date: 23-Apr-2017 12:56) Posted:
How much it cost for the "sumptuous dinner" versus our investment cost which is much much higher?
Time to do things right and vote out incompetent manager! |
|
How much it cost for the "sumptuous dinner" versus our investment cost which is much much higher?
Time to do things right and vote out incompetent manager!
Nowaday, many of those who had attended the AGMs will know, many companies do not provide foods or vouchers for those who attend the AGM.
I am thankful for paying nothing for the dialogue but I wonder who pays for the rental of the venue and the sumptuous dinner.
