Back

Latest Forum Topics / Alpha Integrated RE    Last:0.48    -0.01

Post Reply

REMOVE SABANA REIT MANAGER Post Reply Rate topic
laksaman57 Supreme	05-Feb-2017 13:01        laksaman57 About Contact  Quote this Post!
x 0   x 0  Alert Admin	With his 'outstanding' experience in Sabana, rest assure he will be recruited by a even bigger reit to manage
Useful To Me  Not Useful To Me
serious Master	05-Feb-2017 12:53        serious About Contact  Quote this Post!
x 0   x 0  Alert Admin	Kelvin shoud be nominated for OSCAR award . Looks nice guy but suck big time .
Useful To Me  Not Useful To Me
mrwise Supreme	05-Feb-2017 12:36        mrwise About Contact  Quote this Post! Style: Combined   Mood:
x 1   x 0  Alert Admin	When share prices went UP, always kana query by xxx when share price drop, no questioning from xxx and it is deemed to be normal if the small investors still don't stay united to act....then be prepare to lose more money... Your money u decide.
Useful To Me  Not Useful To Me
laksaman57 Supreme	05-Feb-2017 12:30        laksaman57 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Yes, i will just focus on voting them out Whatever they claim they will do are just noise
Useful To Me  Not Useful To Me
investor7 Senior	05-Feb-2017 12:28        investor7 About Contact  Quote this Post!
x 0   x 0  Alert Admin	In conclusion, stock investment is very risky. Never assume that mgmt is very smart. Everyone who wants to invest in stocks should buy with their eyes wide open. Dont blindly follow tips, news and analysts. Attend the AGMs and ask questions, seek answers, and put pressure on the mgmt. If the fundamentals of the company has deteriorated, divest/cut loss without any emotional attachment. We owe it to ourselves to safeguard our hard-earned money.
Useful To Me  Not Useful To Me
HazardKoh Master	05-Feb-2017 12:18        HazardKoh About Contact  Quote this Post!
x 0   x 0  Alert Admin	The move by the sponsor and the management to " review" the structure is a  smart move by them :) First it shows they are listening to small shareholders and next it will push share price up simply becos it is a deemed a good news by the market. They dun have to do anything actually (they may or they may not, no one knows) but just a simple annoucement of their " intent" to review and look what happens. 1) Share price rises and 2) the impression that they are pro small shareholders. So one stone kill 2 birds ==>   silent the " noisy" small shareholders based on  the fact they are taking actions now so no need for EGM  and also the fact that share price is rising will  pacify some small shareholders and break the  resolve of  the small shareholders.  The small shareholders has less of a motivation or weakened power to request  the removal of the management becos the management  are currently " reviewing" so is work in progress which will encourage some small shareholders to adopt a wait and see stance. Now is up to SGX or the authority to do their part to make sure they are really " reviewing" and force them to disclose the progress every say 2 weeks, assign some officials to  monitor the reviewing. If SGX and the authority dun even bother, then this " reviewing" may keep dragging while they wait for the " sea to calm  down" and test the resolve of the small shareholders becos as time goes on.. some small shareholders may not have the stamina to fight.. Whether they are sincere in " reviewing" the structure for the sake of small  shareholders.. only time will tell... but question now is do u trust them? Take for example the case of addvalue tech annoucement of sales of their business to china for $200M which drag on  for  nearly  3 years and eventually  dead,  the sgx dun even bother to investigate whether the whole thing is real or not, in the end small shareholders who bought at 18 cents suffer till now since the annoucement close to 3 years back... Maybe we should not belittle  the power of small shareholders :) cheers.   mrwise      ( Date: 03-Feb-2017 23:15) Posted: Many of u have belittle what the small shareholders can do... Let's watch the show!
Useful To Me  Not Useful To Me
latebird2000 Member	04-Feb-2017 00:13        latebird2000 About Contact  Quote this Post!
x 0   x 0  Alert Admin	They excel in doing that ! Bloody hell, how can i work in that company ? jackson5      ( Date: 03-Feb-2017 20:28) Posted: Manager plays the game well  ! HazardKoh      ( Date: 03-Feb-2017 20:10) Posted: Seriously i think small shareholders are  checkmated by the management this time. First the annoucement the management and the sponsor will " review" the structure. So small shareholders cannot make noise anymore, no basis to make noise since they are taking " action" after " hearing your voice" . 2nd, share price  rising these few days  means the argument that share price is depressed due to the poor performance of the management is no longer a valid argument for the small shareholders. So now the 2  small shareholder parties  that requested the removal of the management is now stuck aka checkmated. Things will start to quiet down as you can tell from the decrease in postings today in sabana thread and after a few months, things will be forgotten and this " crisis" will be long forgotten too. 1st round management wins and perhaps they have already win the war...
Useful To Me  Not Useful To Me
mrwise Supreme	03-Feb-2017 23:15        mrwise About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	Many of u have belittle what the small shareholders can do... Let's watch the show!
Useful To Me  Not Useful To Me
spore1 Supreme	03-Feb-2017 22:10        spore1 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Sell into strength . Once the next qtr dpu drop again share price may likely follow
Useful To Me  Not Useful To Me
ehclim Elite	03-Feb-2017 21:44        ehclim About Contact  Quote this Post!
x 0   x 0  Alert Admin	We do not post on this forum to discuss our action instead we do it on the private Facebook. Unless to sign up or else you will not be able to access the Facebook. HazardKoh      ( Date: 03-Feb-2017 20:10) Posted: Seriously i think small shareholders are  checkmated by the management this time. First the annoucement the management and the sponsor will " review" the structure. So small shareholders cannot make noise anymore, no basis to make noise since they are taking " action" after " hearing your voice" . 2nd, share price  rising these few days  means the argument that share price is depressed due to the poor performance of the management is no longer a valid argument for the small shareholders. So now the 2  small shareholder parties  that requested the removal of the management is now stuck aka checkmated. Things will start to quiet down as you can tell from the decrease in postings today in sabana thread and after a few months, things will be forgotten and this " crisis" will be long forgotten too. 1st round management wins and perhaps they have already win the war...
Useful To Me  Not Useful To Me
lorann Senior	03-Feb-2017 20:55        lorann About Contact  Quote this Post!
x 0   x 0  Alert Admin	This time the manager will be removed and gone forever
Useful To Me  Not Useful To Me
jackson5 Master	03-Feb-2017 20:28        jackson5 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Manager plays the game well  ! HazardKoh      ( Date: 03-Feb-2017 20:10) Posted: Seriously i think small shareholders are  checkmated by the management this time. First the annoucement the management and the sponsor will " review" the structure. So small shareholders cannot make noise anymore, no basis to make noise since they are taking " action" after " hearing your voice" . 2nd, share price  rising these few days  means the argument that share price is depressed due to the poor performance of the management is no longer a valid argument for the small shareholders. So now the 2  small shareholder parties  that requested the removal of the management is now stuck aka checkmated. Things will start to quiet down as you can tell from the decrease in postings today in sabana thread and after a few months, things will be forgotten and this " crisis" will be long forgotten too. 1st round management wins and perhaps they have already win the war...
Useful To Me  Not Useful To Me
HazardKoh Master	03-Feb-2017 20:10        HazardKoh About Contact  Quote this Post!
x 0   x 0  Alert Admin	Seriously i think small shareholders are  checkmated by the management this time. First the annoucement the management and the sponsor will " review" the structure. So small shareholders cannot make noise anymore, no basis to make noise since they are taking " action" after " hearing your voice" . 2nd, share price  rising these few days  means the argument that share price is depressed due to the poor performance of the management is no longer a valid argument for the small shareholders. So now the 2  small shareholder parties  that requested the removal of the management is now stuck aka checkmated. Things will start to quiet down as you can tell from the decrease in postings today in sabana thread and after a few months, things will be forgotten and this " crisis" will be long forgotten too. 1st round management wins and perhaps they have already win the war...
Useful To Me  Not Useful To Me
nngeeh Veteran	03-Feb-2017 16:56        nngeeh About Contact  Quote this Post!
x 0   x 0  Alert Admin	Even though the valuers are appointed by manager, they are come from established organization ... and for Sabana, the valuations were conducted by DTZ Debenham Tie Leung (SEA) Pte Ltd (" DTZ" ) and Knight Frank Pte Ltd (" Knight Frank" ). I think we can trust these 2 valuers .. which are well know. As the current Price is trading way below the NAV ... i hope that they can sell assets at valuation (or near valuation) instead ... and will most likely have positive impact on the current price. jackson5      ( Date: 03-Feb-2017 15:34) Posted: Most property companies are trading at a big discount to NAV ! Valuers are appointted by manager , and manager love to have hi vaulation of NAV becasue they charge their fees on AUM .   nngeeh      ( Date: 03-Feb-2017 11:25) Posted: The Sabana REIT' s NAV is made up of Singapore properties and even if the dpu keeps dropping, the price will be supported by the properties valuation. At current price of 0.4 vs post rights NAV of 0.64 (if i remember it correctly), the price/ book is 0.625. It' s like a propery valued at 1M that is selling at 625K. I went back in because at 0.35 ... the price/ book was 0.54 ... it' s like buying a proerty worth 1 million at 540K. Even if dpu keep dropping ... can the price/ book really drop to 0.4, 0.3 or 0.2? Post rights .... i think the nearest REIT to compare is Cambridge REIT ... where the price/ book is 0.87 and Yield of 7.1%. According to the Sabana OIL document for issuing  rights ... the expected DPU is approximately 4c (after completing the purchase of 3 additional properties. Technically, if comparing with Cambridge ... the price should be 0.56 (if you use dpu of 4c or if you use the same P/B of cambridge). But .... i think Cambridge with the current dpu ... 7.1% yield is on the high side ... and should come down. i doubt Sabana can go above 0.5 after this rights exercise ... but at 0.4 ... it' s still too low. At 0.4, the P/B is 0.65 and yield of around 10% (after completion of the purchase).
Useful To Me  Not Useful To Me
nngeeh Veteran	03-Feb-2017 16:16        nngeeh About Contact  Quote this Post!
x 0   x 0  Alert Admin	If you compare with all the SG REIT (http://reitdata.com/) .... this one really stands out. Others are not as bad as this .... jackson5      ( Date: 03-Feb-2017 15:34) Posted: Most property companies are trading at a big discount to NAV ! Valuers are appointted by manager , and manager love to have hi vaulation of NAV becasue they charge their fees on AUM .   nngeeh      ( Date: 03-Feb-2017 11:25) Posted: The Sabana REIT' s NAV is made up of Singapore properties and even if the dpu keeps dropping, the price will be supported by the properties valuation. At current price of 0.4 vs post rights NAV of 0.64 (if i remember it correctly), the price/ book is 0.625. It' s like a propery valued at 1M that is selling at 625K. I went back in because at 0.35 ... the price/ book was 0.54 ... it' s like buying a proerty worth 1 million at 540K. Even if dpu keep dropping ... can the price/ book really drop to 0.4, 0.3 or 0.2? Post rights .... i think the nearest REIT to compare is Cambridge REIT ... where the price/ book is 0.87 and Yield of 7.1%. According to the Sabana OIL document for issuing  rights ... the expected DPU is approximately 4c (after completing the purchase of 3 additional properties. Technically, if comparing with Cambridge ... the price should be 0.56 (if you use dpu of 4c or if you use the same P/B of cambridge). But .... i think Cambridge with the current dpu ... 7.1% yield is on the high side ... and should come down. i doubt Sabana can go above 0.5 after this rights exercise ... but at 0.4 ... it' s still too low. At 0.4, the P/B is 0.65 and yield of around 10% (after completion of the purchase).
Useful To Me  Not Useful To Me
jackson5 Master	03-Feb-2017 15:57        jackson5 About Contact  Quote this Post!
x 0   x 0  Alert Admin	DPU keep going down but management fees keep going up , what if manager choose to be paid 100% by cash , this will expose the true color of DPU . nyde1d1th      ( Date: 03-Feb-2017 15:52) Posted: said before this is a super lousy reit...dont understand at all why another want to invest in them when there are so many better reits out there...
Useful To Me  Not Useful To Me
nyde1d1th Veteran	03-Feb-2017 15:52        nyde1d1th About Contact  Quote this Post!
x 0   x 0  Alert Admin	said before this is a super lousy reit...dont understand at all why another want to invest in them when there are so many better reits out there...
Useful To Me  Not Useful To Me
jackson5 Master	03-Feb-2017 15:34        jackson5 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Most property companies are trading at a big discount to NAV ! Valuers are appointted by manager , and manager love to have hi vaulation of NAV becasue they charge their fees on AUM .   nngeeh      ( Date: 03-Feb-2017 11:25) Posted: The Sabana REIT' s NAV is made up of Singapore properties and even if the dpu keeps dropping, the price will be supported by the properties valuation. At current price of 0.4 vs post rights NAV of 0.64 (if i remember it correctly), the price/ book is 0.625. It' s like a propery valued at 1M that is selling at 625K. I went back in because at 0.35 ... the price/ book was 0.54 ... it' s like buying a proerty worth 1 million at 540K. Even if dpu keep dropping ... can the price/ book really drop to 0.4, 0.3 or 0.2? Post rights .... i think the nearest REIT to compare is Cambridge REIT ... where the price/ book is 0.87 and Yield of 7.1%. According to the Sabana OIL document for issuing  rights ... the expected DPU is approximately 4c (after completing the purchase of 3 additional properties. Technically, if comparing with Cambridge ... the price should be 0.56 (if you use dpu of 4c or if you use the same P/B of cambridge). But .... i think Cambridge with the current dpu ... 7.1% yield is on the high side ... and should come down. i doubt Sabana can go above 0.5 after this rights exercise ... but at 0.4 ... it' s still too low. At 0.4, the P/B is 0.65 and yield of around 10% (after completion of the purchase). jackson5      ( Date: 03-Feb-2017 09:29) Posted: If the NAV and DPU keep getting diluted , how long can the share prcie hold at this level ?
Useful To Me  Not Useful To Me
nngeeh Veteran	03-Feb-2017 11:25        nngeeh About Contact  Quote this Post!
x 0   x 0  Alert Admin	The Sabana REIT' s NAV is made up of Singapore properties and even if the dpu keeps dropping, the price will be supported by the properties valuation. At current price of 0.4 vs post rights NAV of 0.64 (if i remember it correctly), the price/ book is 0.625. It' s like a propery valued at 1M that is selling at 625K. I went back in because at 0.35 ... the price/ book was 0.54 ... it' s like buying a proerty worth 1 million at 540K. Even if dpu keep dropping ... can the price/ book really drop to 0.4, 0.3 or 0.2? Post rights .... i think the nearest REIT to compare is Cambridge REIT ... where the price/ book is 0.87 and Yield of 7.1%. According to the Sabana OIL document for issuing  rights ... the expected DPU is approximately 4c (after completing the purchase of 3 additional properties. Technically, if comparing with Cambridge ... the price should be 0.56 (if you use dpu of 4c or if you use the same P/B of cambridge). But .... i think Cambridge with the current dpu ... 7.1% yield is on the high side ... and should come down. i doubt Sabana can go above 0.5 after this rights exercise ... but at 0.4 ... it' s still too low. At 0.4, the P/B is 0.65 and yield of around 10% (after completion of the purchase). jackson5      ( Date: 03-Feb-2017 09:29) Posted: 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: Share price going to go above 0.4 soon..... wonder who is buying?
Useful To Me  Not Useful To Me
danger Supreme	03-Feb-2017 10:02        danger About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	CEO SCOOPED UP 2.58 MILLION SHARES AT 0.3986
Useful To Me  Not Useful To Me

                                                         First   < Newer   401-420 of 540   Older>   Last