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Go n check DBS past rating on EZION. Continue to rate it best when eveyone knew it' s approaching final resting day!
RumbaRambo ( Date: 08-Aug-2023 18:51) Posted:
DBS way too conservative. No choice for them, must err on the side of caution. Unit price will NEVER go down to 30 cents. Nonsense!!
luckyguy3 ( Date: 08-Aug-2023 18:27) Posted:
U sure good thing? what if the share price really drops to DBS target price of 30 cents, u still say is good thing? really?  |
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I think there will be some sell down tomorrow which is normal given the uncertainty in the next weeks. This knee jerk reaction is predictable. An opportunity for those who believes in Sabana to buy at a discount 😜 .In the meantime the trustee will work with the current manager to provide the necessary stability until a new one is employed. Best wishes to all the retail investors who voted in favor of the change.👍
Hope Volare can acquire another 10% and push the shareprice up to NAV and give the 30 cents DBS analist the middle fingers.
Niburu ( Date: 08-Aug-2023 21:40) Posted:
I think your assumption is too simplistic. Do not forget that Volare Group just make an offer to increase their holding by 10% in Jan 2023. They will not do that, only to vote for " internalisation" now if they think internalisation is doomed to fail. If anything, the timing of the recent corporate actions also do indicate that there is a possibility that Volare Group in conjuction with Quarz may want to wrest control of Sabana Reits from ESR Group and the first step will be to diminish the overwhelming influence ESR Group have over the manager managing Sabana reits.
Even if we assume Sabana Reits prices really did drop to 30 cents as projected by DBS, ESR Group definitely will not be the only one interested to buy over Sabana Reits.
luckyguy3 ( Date: 08-Aug-2023 20:54) Posted:
fails when tenants stop renewing lease and DPU dropping like stone and NTA tanking. According to DBS report, it sets a target price of 30 cents so once share price hits 30 cents, some margin calls and all the confidence in the company starts to crash then banks start recalling loans and then have to resort to firesale assets to pay back bank loans.
There is no time limit per say, but the occupany rate and the DPU will show whether the internalisation fails or not lo..
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I think your assumption is too simplistic. Do not forget that Volare Group just make an offer to increase their holding by 10% in Jan 2023. They will not do that, only to vote for " internalisation" now if they think internalisation is doomed to fail. If anything, the timing of the recent corporate actions also do indicate that there is a possibility that Volare Group in conjuction with Quarz may want to wrest control of Sabana Reits from ESR Group and the first step will be to diminish the overwhelming influence ESR Group have over the manager managing Sabana reits.
Even if we assume Sabana Reits prices really did drop to 30 cents as projected by DBS, ESR Group definitely will not be the only one interested to buy over Sabana Reits.
luckyguy3 ( Date: 08-Aug-2023 20:54) Posted:
fails when tenants stop renewing lease and DPU dropping like stone and NTA tanking. According to DBS report, it sets a target price of 30 cents so once share price hits 30 cents, some margin calls and all the confidence in the company starts to crash then banks start recalling loans and then have to resort to firesale assets to pay back bank loans.
There is no time limit per say, but the occupany rate and the DPU will show whether the internalisation fails or not lo..
Observers ( Date: 08-Aug-2023 20:43) Posted:
| Tiagong if internalization fails, then trustee must liquidate the reit, fire sale the assets. But how to fail if there is no time limit, can take own sweet time to internalize right? OR is there a time limit Sabana must sucessfully internalize or will be forced by regulators to liquidate? |
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I think you have to also exclude Tong Jinquan who sided with ESR.
Given that the opinions I saw online were mostly supportive of the internalization, I' m frankly quite surprise that more retail investor actually oppose to both resolutions.
" ESR Group underscored that if votes from them, Quarz, and Volare are removed, the majority of other unitholders voted against the resolutions (Resolution 1: 50.3% - against vs 49.7% - for Resolution 2: 59.9% - against vs 40.1% - for)."
Source: https://www.msn.com/en-sg/news/other/period-of-uncertainty-awaits-sabana-reit-unitholders-after-manager-s-removal-esr-group/ar-AA1eWbPM?ocid=msedgdhp& pc=U531& cvid=abbe942a4a734f36bc1ad74704680bcb& ei=15
Tenants will keep renewing their leases. No reason for them not to do. Why always this hysteria? Sabana has proper industrial property, where there is a change in management &ndash from external to internal manager. That' s all. Tenants don' t care. DPU dropping like stone, NTA tanking..... hahaha. Singapore industrial property market is in good shape with solid demand. Tenants will stay.
fails when tenants stop renewing lease and DPU dropping like stone and NTA tanking. According to DBS report, it sets a target price of 30 cents so once share price hits 30 cents, some margin calls and all the confidence in the company starts to crash then banks start recalling loans and then have to resort to firesale assets to pay back bank loans.
There is no time limit per say, but the occupany rate and the DPU will show whether the internalisation fails or not lo..
Observers ( Date: 08-Aug-2023 20:43) Posted:
| Tiagong if internalization fails, then trustee must liquidate the reit, fire sale the assets. But how to fail if there is no time limit, can take own sweet time to internalize right? OR is there a time limit Sabana must sucessfully internalize or will be forced by regulators to liquidate? |
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Tiagong if internalization fails, then trustee must liquidate the reit, fire sale the assets. But how to fail if there is no time limit, can take own sweet time to internalize right? OR is there a time limit Sabana must sucessfully internalize or will be forced by regulators to liquidate?
Has worked in other countries. Will work in Singapore. During transition, strong guardrails in place. I guess trustee has already scheduled first meetings with MAS and SGX RegCo.
luckyguy3 ( Date: 08-Aug-2023 18:41) Posted:
Nah, they are just talking about POTENTIAL removing their managers. They all are observing whether Sabana reit can succeed or not.
What makes them so sure Sabana reit internalisation will be a success?
sealTeam3 ( Date: 08-Aug-2023 18:38) Posted:
| Few chat groups today are just full of people talking about how they can remove their managers.. Sabana is leading the way!! Wooho |
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Nah, they are just talking about POTENTIAL removing their managers. They all are observing whether Sabana reit can succeed or not.
What makes them so sure Sabana reit internalisation will be a success?
sealTeam3 ( Date: 08-Aug-2023 18:38) Posted:
Few chat groups today are just full of people talking about how they can remove their managers.. Sabana is leading the way!! Woohoo
sealTeam3 ( Date: 08-Aug-2023 18:36) Posted:
| Wow seems like Sabana movement is having some ripples effect. Some unitholders of other REITs are starting to make noise.. ESR better watch out their REITs.. domino effect!! 🤣 |
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it still has to depend on whether guinea pig Sabana reit can pass the test or not. Good that Sabana reit be the guinea pig to test out internalisation.
sealTeam3 ( Date: 08-Aug-2023 18:36) Posted:
| Wow seems like Sabana movement is having some ripples effect. Some unitholders of other REITs are starting to make noise.. ESR better watch out their REITs.. domino effect!! 🤣 |
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Few chat groups today are just full of people talking about how they can remove their managers.. Sabana is leading the way!! Woohoo
sealTeam3 ( Date: 08-Aug-2023 18:36) Posted:
| Wow seems like Sabana movement is having some ripples effect. Some unitholders of other REITs are starting to make noise.. ESR better watch out their REITs.. domino effect!! 🤣 |
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Wow seems like Sabana movement is having some ripples effect. Some unitholders of other REITs are starting to make noise.. ESR better watch out their REITs.. domino effect!! 🤣
anyway, sabana unhalt already.
just halted because manager waiting for trustee to confirm that they are still the manager.
winners go on winning while losers focus on others 
after merger voted down, sabana goes to 40+ cents,
after egm, sabana unitholders will own manager
hahahah... good things keep happening to sabana shareholders 
ya lar.. because ESR lose at egm mah, so luckyguy has to continue working... luckyguy angry la, already tell everyone bye for 3-6 months
tell dbs give up on sabana as a rights and placement client la. dont even need to put target price la..
we will never be as good as a client as ESR REIT who can do sometimes 1 placement and rights ever year so that bank like dbs can earn nice commission $$$
there will probably be 0 rights and placement now under sabana internal manager...
sabana will just increase ocuppancy rate, dividend, aei and increase share price so that all shareholders huat!!!
luckyguy also very sad.. because his ESR REIT today touch 31.5 cents low.. very sorry la.. sabana not joining you there.. you own time own target la
https://www.businesstimes.com.sg/companies-markets/glass-lewis-and-iss-recommend-voting-against-resolution-internalise-sabanas
Glass Lewis and ISS recommend voting against resolution to internalise Sabana&rsquo s manager. So how? Glass Lewis and ISS also clueless?
sangsang1 ( Date: 08-Aug-2023 17:15) Posted:
Lol, anyone who just trade using dbs advice must be probably totally clueless. They gave esr logos a target price of 50 cents in oct 2022. Guess where is the share price now?? Lol
They probably very angry cannot do any rights and placement anymore with sabana because internal manager now.
Sorry la, this kind of business, maybe you want to ask esr logos better, they do once every 1-2 years and at discount to market price =) |
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