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REMOVE SABANA REIT MANAGER Post Reply Rate topic
ehclim Elite	23-Apr-2017 12:07        ehclim About Contact  Quote this Post!
x 0   x 0  Alert Admin	Dialogue is just to provide a stage for both Sabana directors and SIAS to " wayang" and create fear for like-minded unitholders to swing votes. It takes two to tango. Hahaha. HVRRVH      ( Date: 23-Apr-2017 11:55) Posted: And those present can't ask them this directly because the dialogue is controlled. ehclim      ( Date: 23-Apr-2017 11:28) Posted: Exactly, on one hand, they told us the properties will sell for a song if we voted out the manager but on other hand they bought the properties from the Sponsor at a premium. They take us like a fool.
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HVRRVH Elite	23-Apr-2017 11:55        HVRRVH About Contact  Quote this Post!
x 0   x 0  Alert Admin	And those present can't ask them this directly because the dialogue is controlled. ehclim      ( Date: 23-Apr-2017 11:28) Posted: Exactly, on one hand, they told us the properties will sell for a song if we voted out the manager but on other hand they bought the properties from the Sponsor at a premium. They take us like a fool. chengwh1      ( Date: 23-Apr-2017 11:01) Posted: What they are saying is that those props they bought when mkt conditions were good back then is worth a lot  less today ! THat' s why could result in props being sold at substantial discounts. Then we will have to put in the divestment fees and expenses,.. hence, coupled with all these, the nav would be low. But if we continue to go with this mgr, the nav will turn to ZERO when they' ve finished milking us ! Everybody knows that having something back is better than having nothing back !
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ehclim Elite	23-Apr-2017 11:28        ehclim About Contact  Quote this Post!
x 0   x 0  Alert Admin	Exactly, on one hand, they told us the properties will sell for a song if we voted out the manager but on other hand they bought the properties from the Sponsor at a premium. They take us like a fool. chengwh1      ( Date: 23-Apr-2017 11:01) Posted: What they are saying is that those props they bought when mkt conditions were good back then is worth a lot  less today ! THat' s why could result in props being sold at substantial discounts. Then we will have to put in the divestment fees and expenses,.. hence, coupled with all these, the nav would be low. But if we continue to go with this mgr, the nav will turn to ZERO when they' ve finished milking us ! Everybody knows that having something back is better than having nothing back ! investshare      ( Date: 22-Apr-2017 14:13) Posted: Does this mean they admit overpaying for acquisition? Quote: A pssible forced sale, coupled with the current market outlook for industrial properties, could result in Sabana REIT?s properties being sold at substantial discounts. ?Net proceeds are likely to differ from the NAV of Sabana REIT at the date of the EGM Various professional advisers would be involved in the process, incurring fees and expenses The Trustee will realise assets of Sabana REIT and repay all amounts under financial arrangements, before distributing net proceeds to unitholders,? adds SREIM.
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chengwh1 Elite	23-Apr-2017 11:01        chengwh1 About Contact  Quote this Post!
x 0   x 0  Alert Admin	What they are saying is that those props they bought when mkt conditions were good back then is worth a lot  less today ! THat' s why could result in props being sold at substantial discounts. Then we will have to put in the divestment fees and expenses,.. hence, coupled with all these, the nav would be low. But if we continue to go with this mgr, the nav will turn to ZERO when they' ve finished milking us ! Everybody knows that having something back is better than having nothing back ! investshare      ( Date: 22-Apr-2017 14:13) Posted: Does this mean they admit overpaying for acquisition? Quote: A pssible forced sale, coupled with the current market outlook for industrial properties, could result in Sabana REIT?s properties being sold at substantial discounts. ?Net proceeds are likely to differ from the NAV of Sabana REIT at the date of the EGM Various professional advisers would be involved in the process, incurring fees and expenses The Trustee will realise assets of Sabana REIT and repay all amounts under financial arrangements, before distributing net proceeds to unitholders,? adds SREIM.
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mrwise Supreme	22-Apr-2017 23:51        mrwise About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	VOTE THEM OUT! Enough of the poor management and poor stock prices.. Counting down to voting day Every vote counts...remember!
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investshare Supreme	22-Apr-2017 14:13        investshare About Contact  Quote this Post!
x 0   x 0  Alert Admin	Does this mean they admit overpaying for acquisition? Quote: A pssible forced sale, coupled with the current market outlook for industrial properties, could result in Sabana REIT?s properties being sold at substantial discounts. ?Net proceeds are likely to differ from the NAV of Sabana REIT at the date of the EGM Various professional advisers would be involved in the process, incurring fees and expenses The Trustee will realise assets of Sabana REIT and repay all amounts under financial arrangements, before distributing net proceeds to unitholders,? adds SREIM.
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chengwh1 Elite	22-Apr-2017 13:54        chengwh1 About Contact  Quote this Post!
x 0   x 0  Alert Admin	What abt unitholders who  do not  in their proxy forms ? Can the Chairman of the EGM ' vote on their behalf' ? junction      ( Date: 22-Apr-2017 11:53) Posted: I agree with your opinion.   Those who are unable to attend on 28 Apr can send your proxy votes to Boardroom by appointing the Cahirman of the EGM to be your proxy.   But you must tick your choices in the proxy form first. 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.
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serious Master	22-Apr-2017 13:16        serious About Contact  Quote this Post!
x 0   x 0  Alert Admin	Just vote them out !
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chengwh1 Elite	22-Apr-2017 13:00        chengwh1 About Contact  Quote this Post!
x 0   x 0  Alert Admin	+5.... ehclim      ( Date: 21-Apr-2017 23:20) Posted: What type of dialogue is it? The dialogue is to allow the participants to have a free sparring with the Directors instead you have to write your question on the paper slip provided and then submitted to the moderator. He will decide whether to answer your question or not. The questions that he had selected basically to reinforce the uncertainty created by voting out the Manager. Then it will result in huge loses in your investment. Indeed there is nothing new. Completely waste of time. mrwise      ( Date: 21-Apr-2017 12:19) Posted: Just treat as a pinch of salt. Nothing confirm at all... One of our aim is to remove incompetent manager to bring value and good return on the portfolio...not wasting money and time on other areas. Please remember the coming egm and attend to vote wisely!
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junction Master	22-Apr-2017 11:53        junction About Contact  Quote this Post!
x 0   x 0  Alert Admin	I agree with your opinion.   Those who are unable to attend on 28 Apr can send your proxy votes to Boardroom by appointing the Cahirman of the EGM to be your proxy.   But you must tick your choices in the proxy form first. 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.
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ehclim Elite	22-Apr-2017 10:58        ehclim About Contact  Quote this Post!
x 0   x 0  Alert Admin	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.
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HVRRVH Elite	22-Apr-2017 10:42        HVRRVH About Contact  Quote this Post!
x 0   x 0  Alert Admin	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.
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laksaman57 Supreme	22-Apr-2017 10:12        laksaman57 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Ya, that remark totally stunned me.😨 Totally the opposite of what i hear at Cache & Soilbuild agm, this week, to address market challenges.
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ehclim Elite	22-Apr-2017 08:45        ehclim About Contact  Quote this Post!
x 0   x 0  Alert Admin	SIAS opened the session by saying they organized it to enable unitholders to make an informed decision, then followed by the Board of the Manager doing a 20 minutes presentation explaining the devastating impacts if unitholders vote in favor of the proposed EGM resolutions. An informed decision requires to listen to both sides, but this was a one-man show and no unitholder was allowed to speak. Questions had to be asked in writing. But apart from all of this, it became very apparent that the Manager' s only message as to why it should not be voted out, were the outlined devastating effects. Neither did the Manager make a serious commitment to review its fees, nor did they come up with any plan for a turnaround for the future. That became more than apparent when they said, quote: " Just because our approach didn' t work in the past, doesn' t mean it cannot work in the future" . No further comments. Indeed it is apparent that they will not change their methodology going forward. Dear Unitholders, you will send a wrong signal to the Manager if we do not vote them out and they will have our mandate to continue their same old approach. DYODD. laksaman57      ( Date: 22-Apr-2017 00:33) Posted: Indeed an eye opener. Now i understand why so many here advised its a waste of time with sias. Seeing & hearing the reit mgt response, i understand why the reit failed. But surprised, some got convinced and clap for the reit mgt. Only way for the reit to improve is to remove the mgr ! ehclim      ( Date: 21-Apr-2017 23:20) Posted: What type of dialogue is it? The dialogue is to allow the participants to have a free sparring with the Directors instead you have to write your question on the paper slip provided and then submitted to the moderator. He will decide whether to answer your question or not. The questions that he had selected basically to reinforce the uncertainty created by voting out the Manager. Then it will result in huge loses in your investment. Indeed there is nothing new. Completely waste of time.
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laksaman57 Supreme	22-Apr-2017 00:33        laksaman57 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Indeed an eye opener. Now i understand why so many here advised its a waste of time with sias. Seeing & hearing the reit mgt response, i understand why the reit failed. But surprised, some got convinced and clap for the reit mgt. Only way for the reit to improve is to remove the mgr ! ehclim      ( Date: 21-Apr-2017 23:20) Posted: What type of dialogue is it? The dialogue is to allow the participants to have a free sparring with the Directors instead you have to write your question on the paper slip provided and then submitted to the moderator. He will decide whether to answer your question or not. The questions that he had selected basically to reinforce the uncertainty created by voting out the Manager. Then it will result in huge loses in your investment. Indeed there is nothing new. Completely waste of time. mrwise      ( Date: 21-Apr-2017 12:19) Posted: Just treat as a pinch of salt. Nothing confirm at all... One of our aim is to remove incompetent manager to bring value and good return on the portfolio...not wasting money and time on other areas. Please remember the coming egm and attend to vote wisely!
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ehclim Elite	21-Apr-2017 23:20        ehclim About Contact  Quote this Post!
x 0   x 0  Alert Admin	What type of dialogue is it? The dialogue is to allow the participants to have a free sparring with the Directors instead you have to write your question on the paper slip provided and then submitted to the moderator. He will decide whether to answer your question or not. The questions that he had selected basically to reinforce the uncertainty created by voting out the Manager. Then it will result in huge loses in your investment. Indeed there is nothing new. Completely waste of time. mrwise      ( Date: 21-Apr-2017 12:19) Posted: Just treat as a pinch of salt. Nothing confirm at all... One of our aim is to remove incompetent manager to bring value and good return on the portfolio...not wasting money and time on other areas. Please remember the coming egm and attend to vote wisely! chengwh1      ( Date: 21-Apr-2017 11:50) Posted: http://sabana.listedcompany.com/newsroom/20170420_185435_M1GU_F4K3GB3HP5DZ7NV6.1.pdf Claimed that the SR Committee received several non-binding proposals from several parties. The committee will now review and update us if they accept any of the proposals. Any good input from the SIAS seminar this morning ?
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chengwh1 Elite	21-Apr-2017 21:09        chengwh1 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Yes,... agreed on the events below,... let us continue to update each other and sync in with the events till that day. Create history !
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laksaman57 Supreme	21-Apr-2017 18:45        laksaman57 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Ya, SR update (with no detail) 'strategically' released before egm 😂 I will attend and wisely VTO 👊 mrwise      ( Date: 21-Apr-2017 12:19) Posted: Just treat as a pinch of salt. Nothing confirm at all... One of our aim is to remove incompetent manager to bring value and good return on the portfolio...not wasting money and time on other areas. Please remember the coming egm and attend to vote wisely! chengwh1      ( Date: 21-Apr-2017 11:50) Posted: http://sabana.listedcompany.com/newsroom/20170420_185435_M1GU_F4K3GB3HP5DZ7NV6.1.pdf Claimed that the SR Committee received several non-binding proposals from several parties. The committee will now review and update us if they accept any of the proposals. Any good input from the SIAS seminar this morning ?
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mrwise Supreme	21-Apr-2017 12:19        mrwise About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	Just treat as a pinch of salt. Nothing confirm at all... One of our aim is to remove incompetent manager to bring value and good return on the portfolio...not wasting money and time on other areas. Please remember the coming egm and attend to vote wisely! chengwh1      ( Date: 21-Apr-2017 11:50) Posted: http://sabana.listedcompany.com/newsroom/20170420_185435_M1GU_F4K3GB3HP5DZ7NV6.1.pdf Claimed that the SR Committee received several non-binding proposals from several parties. The committee will now review and update us if they accept any of the proposals. Any good input from the SIAS seminar this morning ?
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chengwh1 Elite	21-Apr-2017 11:50        chengwh1 About Contact  Quote this Post!
x 0   x 0  Alert Admin	http://sabana.listedcompany.com/newsroom/20170420_185435_M1GU_F4K3GB3HP5DZ7NV6.1.pdf Claimed that the SR Committee received several non-binding proposals from several parties. The committee will now review and update us if they accept any of the proposals. Any good input from the SIAS seminar this morning ?
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