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Observers Elite	09-Aug-2023 06:16        Observers About Contact  Quote this Post!
x 0   x 0  Alert Admin	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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Niburu Member	08-Aug-2023 21:40        Niburu About Contact  Quote this Post!
x 0   x 0  Alert Admin	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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Niburu Member	08-Aug-2023 21:20        Niburu About Contact  Quote this Post!
x 0   x 0  Alert Admin	I think you have to also exclude Tong Jinquan who sided with ESR.
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Alcus-Trader Member	08-Aug-2023 21:19        Alcus-Trader About Contact  Quote this Post!
x 0   x 0  Alert Admin	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
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RumbaRambo Member	08-Aug-2023 21:15        RumbaRambo About Contact  Quote this Post!
x 0   x 0  Alert Admin	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.
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luckyguy3 Master	08-Aug-2023 20:54        luckyguy3 About Contact  Quote this Post!
x 0   x 1  Alert Admin	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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Observers Elite	08-Aug-2023 20:43        Observers About Contact  Quote this Post!
x 0   x 0  Alert Admin	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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RumbaRambo Member	08-Aug-2023 18:55        RumbaRambo About Contact  Quote this Post!
x 0   x 0  Alert Admin	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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RumbaRambo Member	08-Aug-2023 18:51        RumbaRambo About Contact  Quote this Post!
x 0   x 0  Alert Admin	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?  sangsang1      ( Date: 08-Aug-2023 18:24) Posted: 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
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luckyguy3 Master	08-Aug-2023 18:41        luckyguy3 About Contact  Quote this Post!
x 0   x 0  Alert Admin	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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luckyguy3 Master	08-Aug-2023 18:39        luckyguy3 About Contact  Quote this Post!
x 0   x 0  Alert Admin	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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sealTeam3 Member	08-Aug-2023 18:38        sealTeam3 About Contact  Quote this Post!
x 0   x 0  Alert Admin	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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sealTeam3 Member	08-Aug-2023 18:36        sealTeam3 About Contact  Quote this Post!
x 0   x 0  Alert Admin	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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luckyguy3 Master	08-Aug-2023 18:27        luckyguy3 About Contact  Quote this Post!
x 0   x 0  Alert Admin	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?  sangsang1      ( Date: 08-Aug-2023 18:24) Posted: 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
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luckyguy3 Master	08-Aug-2023 18:25        luckyguy3 About Contact  Quote this Post!
x 0   x 0  Alert Admin	haha.. why sad? touched only ma... ends 32.5 what.. ya.. i got a lot of time to post updates about Sabana reit here.. dun worry.. sangsang1      ( Date: 08-Aug-2023 18:18) Posted: 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 $$$ there will probably be 0 rights and placement now under sabana internal manager... sabana will just increase ocuppancy rate, dividend, aei and increase share price so that all shareholders huat!!! luckyguy also very sad.. because his ESR REIT today touch 31.5 cents low..  very sorry la.. sabana not joining you there.. you own time own target la
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sangsang1 Senior	08-Aug-2023 18:24        sangsang1 About Contact  Quote this Post!
x 0   x 0  Alert Admin	anyway, sabana unhalt already. just halted because manager waiting for trustee to confirm that they are still the manager. winners go on winning while losers focus on others  after merger voted down, sabana goes to 40+ cents,  after egm, sabana unitholders will own manager hahahah... good things keep happening to sabana shareholders
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sangsang1 Senior	08-Aug-2023 18:18        sangsang1 About Contact  Quote this Post!
x 0   x 0  Alert Admin	ya lar.. because ESR lose at egm mah, so luckyguy has to continue working... luckyguy angry la, already tell everyone bye for 3-6 months tell dbs give up on sabana as a rights and placement client la. dont even need to put target price la.. we will never be as good as a client as ESR REIT who can do sometimes 1 placement and rights ever year  so that bank like dbs can earn nice commission $$$ 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
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luckyguy3 Master	08-Aug-2023 18:14        luckyguy3 About Contact  Quote this Post!
x 0   x 0  Alert Admin	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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luckyguy3 Master	08-Aug-2023 18:10        luckyguy3 About Contact  Quote this Post!
x 0   x 0  Alert Admin	U all very solid. That time The Edge u all also say they side with ESR. Now u saying DBS advice is clueless.  Alamak.. so u mean u the expert, u more expert than The Edge and DBS is it?  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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luckyguy3 Master	08-Aug-2023 18:01        luckyguy3 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Well, I think any takeover will take place when Sabana reit reaches 30 cents target price set by DBS lo.. Especially if the internalisation fails to work and Sabana reit is in a mess, then Sabana reit will be taken over at low ball price of say 30 cents lo as tenants all stop renewing their leases etc... Many hungry vultures circling around Sabana reit waiting for the internalisation to fail then can take over at firesale price. Of course shareholders of Sabana reit will want the internalisation to work while some parties want it to fail so that they can scoop up Sabana reit for dirt cheap price.   sangsang1      ( Date: 08-Aug-2023 17:28) Posted: Luckyguy maybe you should go check your esr logos reit. Today even got 31.5 cents. You think maybe got takeover for sabana? Book value is 53 cents? Huat ah 😀 😀
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