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LAI LIAO !!!
laksaman57 ( Date: 03-Feb-2017 08:39) Posted:
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If the NAV and DPU keep getting diluted , how long can the share prcie hold at this level ?
nngeeh ( Date: 03-Feb-2017 09:22) Posted:
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Share price going to go above 0.4 soon..... wonder who is buying?
Expected wayang !
laksaman57 ( Date: 03-Feb-2017 08:39) Posted:
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http://www.businesstimes.com.sg/companies-markets/sabana-reit-to-undergo-strategic-review-by-sponsor-manager
The current low share prices speaks more than a thousand words...
Don't be gullible...
Time to protect our money now....
Please stay united...
Don't be gullible...
Time to protect our money now....
Please stay united...
Conclusion
Sabana REIT is the worst REIT listed on the SGX. Falling share price and dividends while the Manager continued to receive the same amount of fees made Unit Holders very unhappy. I wish to see the rebellion succeed but the odds is highly against them if there are no credible shareholder activist is leading them. It is not impossible though. Never say never.
Not expecting much.... but at least it still considered progress.
jackson5 ( Date: 02-Feb-2017 23:27) Posted:
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Trust what they say or see what they do to deliver result ?
nngeeh ( Date: 02-Feb-2017 23:19) Posted:
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If you look at it positively, the share price has recovered slightly ... even after xd..... the press has taken notice.... it has raised awareness of the shareholders .... and most importantly... sending a clear message to the managers and sponsor that the shareholders will take action if something is amiss.
Both the managers and sponsors have just announced that they will take strategic review.
jackson5 ( Date: 02-Feb-2017 22:03) Posted:
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The manager can be removed very easily and we should do it expeditiously and efficiently
Knowing that the success rate is almost 0 , why bother to go thru this effort ? Only he knows best. Reit manager is a very lucrative , risk free and asset light business , if so esily to be replaced , why are the original founding managers of most reits still intact ?
Moreover if he is serious about this mission , why is his action so raw and half baked ? MAS will accept reit manager to be replaced by ' ' someone' ' who is unknown ? The lenders will accept this nonsense also ?
He is a remisier and he has no basic knowledge of this ?
Just hard to believe !
nngeeh ( Date: 02-Feb-2017 20:04) Posted:
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To be fair, he did initiate this exercise ... but I think he was too eager to remove the manager after seeing the price drop to such Low price. Since the SSH only holds only 17% .... there is really some slight chance to make a difference... but will need someone with knowledge in this area to lead ... and really provide facts and guidance to convince the remaining majority. Just asking for removal ... without having any immediate plan ... I think its not convincing enough ... I recall Croesus sending a thick document explaining about their internalization strategy ... and follow by a nonrenounceable rights issues to fund this exercise. It didn' t seem to be a simple process
jackson5 ( Date: 02-Feb-2017 18:33) Posted:
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He gains publicity thru this ! He could even claim credit without achieving anything yet . Can kick out Reit manager so easily. JOKE of the year !
Aiya, don' t fight on CNY lah! Bad omen. Better invite all shareholders & the manager for Lohei and all will scream " yam sheng" . Then all will live happily ever after.
serious ( Date: 02-Feb-2017 18:08) Posted:
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Just checked the SGX website. The major shareholders hold around 16.3% of the total shares. In order to enforce changes, do we need at least 51%? Or just simple majority of the number of shares of those who are represented during EGM? Frankly, I just want them to stop buying properties and take the opportunity to raise fund ... and if they could offload 40% of the current properties at value to hopefully clear the debt. Hopefully, if dpu is maintained, this can help to increase the share price to a more acceptable value .... to maybe just 80%~90% of NAV
Vibrant Capital Pte Ltd 48,307,580 4.59%
Shanghai Summit Pte Ltd 43,943,000 4.17%
Sabana Real Estate Investment Management Pte Ltd 41,242,726 3.92%
Jinquan Tong 23,253,200 2.21%
The Vanguard Group, Inc. 14,808,515 1.41%
Angry because he was exposed for being a short term speculators ,trying his luck by making use of others sentiments. Now even threaten to sue people who exposed and disagree with him . Another Durai ?
KID , GROW UP !
Morello ( Date: 02-Feb-2017 17:57) Posted:
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Empty talk empty threat indeed a cyber bully
ACTIVIST_SPEAKS ( Date: 02-Feb-2017 16:44) Posted:
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it seems that what left of you is only to threaten and cyber bully people. You are not able to defend your stand. I am sorry to disappoint you that I am not afraid of your scaring tactics.
ACTIVIST_SPEAKS ( Date: 02-Feb-2017 16:44) Posted:
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over the past several days, there are so many speculations on what happens after the Manager is voted out but nobody who can speak with authority on facts. We hope both parties can work together for the good of Sabana shareholders. Suing each other is not the way. Neither is asking others not to sign the letter to remove the manager. Without facts, we are like lost sheep. Contribute positive comments to help the cause, not start another group to oppose the initiator of the movement would be more beneficial. My two cents.
ACTIVIST_SPEAKS ( Date: 02-Feb-2017 16:44) Posted:
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