AIMS AMP Industrial REIT

who is george wang?
how does AIMS reit benefit??

I noticed that AIMS reit has script dividends like sabana reit
I generally feel that these reits managers are not in shareholder's best interest
they should focus on generating income for investors and not asking investors to put extra $$ to help expand their balance sheet so that the reits managers could earn bigger fees!

(30-09-2014, 10:07 PM)LLS Wrote: I noticed that AIMS reit has script dividends like sabana reit
I generally feel that these reits managers are not in shareholder's best interest
they should focus on generating income for investors and not asking investors to put extra $$ to help expand their balance sheet so that the reits managers could earn bigger fees!

REITS business model is about asking investors (either existing or new) all the time.

(30-09-2014, 10:05 PM)LLS Wrote: who is george wang?
how does AIMS reit benefit??

Mr. George Wang
Non-Executive, Non-Independent Chairman
He started the AIMS group.

BOD

If insider are buying, it sounded good news to me.
Parking their own $ where they work

Whereas I see Cache, a lot of insider selling over time. Not sure if it is regular release for their own cash flow & expenses or something else.

To be fair, all the company has an option for the shareholder to take up script dividends, including my OCBC, DBS etc.
Such scheme has been existed for a long long time, and is not confirm to REITs only.

If you don't intend to invest in the script dividend, just tear away the letters, which I always did !

(30-09-2014, 10:07 PM)LLS Wrote: I noticed that AIMS reit has script dividends like sabana reit
I generally feel that these reits managers are not in shareholder's best interest
they should focus on generating income for investors and not asking investors to put extra $$ to help expand their balance sheet so that the reits managers could earn bigger fees!

(30-09-2014, 10:07 PM)LLS Wrote: I noticed that AIMS reit has script dividends like sabana reit
I generally feel that these reits managers are not in shareholder's best interest they should focus on generating income for investors and not asking investors to put extra $$ to help expand their balance sheet so that the reits managers could earn bigger fees!

I had wanted to reinvest the dividends & to compound the base. The amount received is small and DRP helps to save the brokeage fee lor.

Only peeve about DRP is that the strike price may not be my preferred entry point and the odd lots - which can be mitigated by careful calculations. Still can't have the pie & eat it.

Who is George Wang ?
To have a better picture about him and the history of AimsAmp Reit, I cut and paste a post from another forum and paste it here.
http://forums.hardwarezone.com.sg/stocks...54-57.html

Not sure if this will violate any forum rules or not ?



Paul Lee wrote:
Nay. I just hate AIMSAMPI REIT and George Wang and his gang of parasites to the core.

I will admit that its emotional and not based on data. But my rationale is simple. Things are fine now when everything is smooth sailing. What happened when the dang hit the fan? I just not convinced that he will look after minority unitholders. Because he screw them once over through and through. Why would he not do so in future when he has the chance to?


Risk Adverse wrote :
Paul,
It is not wise to get emotional in investment.
To be a good investor, one needs to be rationale, detached and memoryless.
AIMSAMPI reit formerly known MacArthur Cook reit is not the only reit or listed company that got into trouble.
FCOT formerly known as ALLCO reit was another.
What is important is whether the new owners and management have subsequently added value and delivered good returns to their shareholders.
The answer to this is a resounding yes for both AIMSAMPI and FCOT.
This is where the memoryless trait comes in useful.
We need to be able to forget the painful past or else we would not be able to profit from the subsequent positive returns.
Of course this is easier said than done.
It is human nature to be upset by our mistakes and losses.
In fact it goes against human nature to be good in investment.

(30-09-2014, 10:05 PM)LLS Wrote: who is george wang?
how does AIMS reit benefit??

My Remarks :
George Wang brought in the rescue package to the then troubled MacArthur Cook reit in 2009, which is very unfair to the minority shareholders, causing their stake in the then MacArthur Cook to strink by at least 2 fold ( estimated ) .

However, he did a very good job in stabilizing the REIT, after it was renamed as AimsAmp REITs, bring in value to the trust , and built in up to the scale as of today.

since listing aims reit has lost over 70% of its value
anyone knew what happened in the past?

Ok, since I am the kaypo down here, I might as well complete the story :

The chart you have provided is a re-adjusted chart which doesn't give a true perspective.

I will list down the timeline events here ( could have some errors since it's based on my memory ) :

1. MacArthur Cook Trust was trading around $1 before it has any trouble.
2. The ex-CEO Chris Calvert bought 1A International Business Park for $90.2m without financing arrangement.
3. Chris Calvert then jump ship to Cambridge, leaving $202.3m of debt without refinancing. (I think he has the intention to merge MacArthur Cook into his new ship Cambridge ) .
4. Rating body Moody cease the opportunity to jump in and downgrade MacArthur, causing share price to DIVE.
5. Newly appointed Chairman George Wang, backed by Amp and Aims, brought in a rescue plan for MacArthur Cook, which allow themselves to issue new placement units (amount to majority stake) at $0.28 per unit while the NAV of the trust at the moment was about $0.94 per unit.
http://www.theedgesingapore.com/the-dail...-reit.html
6. The wresting for control between George Wang and Chris Calvert went on for weeks, with full page stories in newspaper every day.
7. George Wang complaint to MAS, resulting in MAS ruling that Cambridge has no business in MacArthur Cook.
8. EGM to approve the "rescue plan" from George Wang and gang went thru with wafer thin margin. Angry minority unitholders complaint that they were brutally treated.
9. After dusk settled down, AimsAmpREIT share was stagnant around $0.20 for many years.
10. The management do a 5-to-1 consolidation, result in the share price to trade around $1 region.
11. Positive mangement and acquisitions and asset enhancement initiatives results in the return of confidence in AimsAmpREIT by investors.

(01-10-2014, 01:12 PM)Layman A Wrote: Ok, since I am the kaypo down here, I might as well complete the story :

The chart you have provided is a re-adjusted chart which doesn't give a true perspective.

I will list down the timeline events here ( could have some errors since it's based on my memory ) :

1. MacArthur Cook Trust was trading around $1 before it has any trouble.
2. The ex-CEO Chris Calvert bought 1A International Business Park for $90.2m without financing arrangement.
3. Chris Calvert then jump ship to Cambridge, leaving $202.3m of debt without refinancing. (I think he has the intention to merge MacArthur Cook into his new ship Cambridge ) .
4. Rating body Moody cease the opportunity to jump in and downgrade MacArthur, causing share price to DIVE.
5. Newly appointed Chairman George Wang, backed by Amp and Aims, brought in a rescue plan for MacArthur Cook, which allow themselves to issue new placement units (amount to majority stake) at $0.28 per unit while the NAV of the trust at the moment was about $0.94 per unit.
http://www.theedgesingapore.com/the-dail...-reit.html
6. The wresting for control between George Wang and Chris Calvert went on for weeks, with full page stories in newspaper every day.
7. George Wang complaint to MAS, resulting in MAS ruling that Cambridge has no business in MacArthur Cook.
8. EGM to approve the "rescue plan" from George Wang and gang went thru with wafer thin margin. Angry minority unitholders complaint that they were brutally treated.
9. After dusk settled down, AimsAmpREIT share was stagnant around $0.20 for many years.
10. The management do a 5-to-1 consolidation, result in the share price to trade around $1 region.
11. Positive mangement and acquisitions and asset enhancement initiatives results in the return of confidence in AimsAmpREIT by investors.

thanks for the details man
I really appreciate it