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Keep it up and do your best to make your voices heard to ensure the fairness for everyone! I support you guys with your investor activism for a better manager!
ACTIVIST_SPEAKS ( Date: 29-Jan-2017 01:50) Posted:
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The process of finding replacement will begin after unitholders approve the resolution. Sabana Reit Trustee and MAS will ensure that competent professionals are hired to carry out this process.
So at this stage, our main concerns are, 1) to meet the requirement (at least 50 unitholders) of holding an EGM, 2) to get unitholders approve the solution.
Fangqq ( Date: 29-Jan-2017 10:11) Posted:
Agree, our intention is to replace the current Manager by an internalized manager or another external manager. Our aim is to restore investor confidence, improve performance and cost saving.
MAS and SGX will not allow the current Manager to leave their job without a replacement.
ACTIVIST_SPEAKS ( Date: 29-Jan-2017 01:50) Posted:
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Agree, our intention is to replace the current Manager by an internalized manager or another external manager. Our aim is to restore investor confidence, improve performance and cost saving.
MAS and SGX will not allow the current Manager to leave their job without a replacement.
ACTIVIST_SPEAKS ( Date: 29-Jan-2017 01:50) Posted:
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hurray. f the manager off.
Looks like all want to remove the manager. So we should remove the manager at all cost.
We admit the present manager is bad , rwho will be the next manager ? Will the next manager is even worst than the present one ???????
So these 2 separate separatists, have they lined up the 2 alternative sponsors for this reit? A reit with no sponsor doesn' t invoke a lot of confidence for institutional investors. Without their support, who will hold up the prices and market making?
serious ( Date: 28-Jan-2017 13:34) Posted:
In fighting before even anything concrete is developed , a group of court jesters , laughing stocks !
HVRRVH ( Date: 28-Jan-2017 12:54) Posted:
| It appears now that we have 2 fractions among ourselves, the original group headed by Mr Low and new group by Mr Koh. We can't even get a consensus and we are talking about removing the manager! And it appears that the 2 groups are equally determined to put in their own resolutions and call for EGM. What a joke, 2 EGMs? So presuming resolutions in both EGM are successful then which resolutions to implement?? We are indeed a motley crowd of retail investors. I am not taking any action at the moment. I don't foresee any concrete positive development out of this. |
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Should have no problem getting more than 75% and say bye bye to the ex-management
Lepin888 ( Date: 27-Jan-2017 16:23) Posted:
| Only way to remove manager is for MAS to do so. Almost impossible to get 75% of non manager shareholders to vote them out.. |
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I don't think MAS has any basis to step in.
Lepin888 ( Date: 27-Jan-2017 16:23) Posted:
| Only way to remove manager is for MAS to do so. Almost impossible to get 75% of non manager shareholders to vote them out.. |
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In fighting before even anything concrete is developed , a group of court jesters , laughing stocks !
HVRRVH ( Date: 28-Jan-2017 12:54) Posted:
| It appears now that we have 2 fractions among ourselves, the original group headed by Mr Low and new group by Mr Koh. We can't even get a consensus and we are talking about removing the manager! And it appears that the 2 groups are equally determined to put in their own resolutions and call for EGM. What a joke, 2 EGMs? So presuming resolutions in both EGM are successful then which resolutions to implement?? We are indeed a motley crowd of retail investors. I am not taking any action at the moment. I don't foresee any concrete positive development out of this. |
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2 BBs/funds out there trying to wrest for control of Sabana?
It appears now that we have 2 fractions among ourselves, the original group headed by Mr Low and new group by Mr Koh. We can't even get a consensus and we are talking about removing the manager! And it appears that the 2 groups are equally determined to put in their own resolutions and call for EGM. What a joke, 2 EGMs? So presuming resolutions in both EGM are successful then which resolutions to implement?? We are indeed a motley crowd of retail investors. I am not taking any action at the moment. I don't foresee any concrete positive development out of this.
The management is using this reit to enrich themselves, millions and millions of shreholder funds will be gradually suck by them . Unitholders are the real losers .
Only way to remove manager is for MAS to do so. Almost impossible to get 75% of non manager shareholders to vote them out..
Don' t place too much hope on SIAS. Sometimes they won' t help retailers as in the DBS Highnotes case.
chucyong ( Date: 26-Jan-2017 16:06) Posted:
This counter IPO approved by SGX @$1.05 per unit listed on 26 Nov 2010, quarterly reported made profit and DPU distributed and SIAS reported in the paper that this counter is possible to be wind up. With such stringent control and check by the SGX we should request SIAS to investigate and advise.
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Seems to me like every eligible shareholder who applied for the excess has got 5000 shares + rounding up to the nearest 100. Anyone got more than 5100 excess rights shares?
Only alloted slightly over 10% of excess shares applied. Have sold all at 36/36.5 cts in SRS. The manager is clueless on how to grow the reit. They should step down and let somebody who knows how to grow the reit take over,
HVRRVH ( Date: 27-Jan-2017 10:23) Posted:
| Only gotten 30% out of the 15000 excess rights I applied. The rights and the excess rights are in the money but don't be deceived, if factor in the mother shares still lose a lot. If factor in DPUs received so far then the losses become a bit bearable. Luckily my holding was small to begin with. Now Sabana better improve its earning but the current management seems clueless. In their sgx announcement they skirt the issue of buying the property from sponsor at 23m when the same property was in sponsor's book at 9 million. |
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Lousy management, blame every thing else for their lousy performance, if we meet them, they better put on full armour, we will pui and spit at them!
alishan ( Date: 27-Jan-2017 09:49) Posted:
Newspaper says the mgmt wants to meet unit holders. And they say the pickup of empty space has been very slow as tenants not leasing & economy is still bad. Then how unitholders can expect good DPU & high share price, if everything is in dire state? Moreover the mgmt needs more cash to buy more assets and to survive. Boh pian! Shareholders are the ATM to get instant cash.
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Not sure either. To be exact they alloted 5050 excess rights to me.
happy_everyday ( Date: 27-Jan-2017 11:05) Posted:
I only got about 7% from the excess rights...:(
Anyone knows how does this process done? Just like lucky draw??
HVRRVH ( Date: 27-Jan-2017 10:23) Posted:
| Only gotten 30% out of the 15000 excess rights I applied. The rights and the excess rights are in the money but don't be deceived, if factor in the mother shares still lose a lot. If factor in DPUs received so far then the losses become a bit bearable. Luckily my holding was small to begin with. Now Sabana better improve its earning but the current management seems clueless. In their sgx announcement they skirt the issue of buying the property from sponsor at 23m when the same property was in sponsor's book at 9 million. |
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I only got about 7% from the excess rights...:(
Anyone knows how does this process done? Just like lucky draw??
HVRRVH ( Date: 27-Jan-2017 10:23) Posted:
| Only gotten 30% out of the 15000 excess rights I applied. The rights and the excess rights are in the money but don't be deceived, if factor in the mother shares still lose a lot. If factor in DPUs received so far then the losses become a bit bearable. Luckily my holding was small to begin with. Now Sabana better improve its earning but the current management seems clueless. In their sgx announcement they skirt the issue of buying the property from sponsor at 23m when the same property was in sponsor's book at 9 million. |
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