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The impression I had from the AGM yesterday was the management were a rather conservative team,if not because of one hooligan retail investor who shouted at the CEO when he made his maiden speech , the overall atmosphere would have been better and believe the CEO will not be ' avoiding ' the retail investors during the tea break.
The management made it clear that Sabana will only concentrate in Ind. properties in Singapore ,because this is what they are good at , and this was the reason why the cornerstone investors invested in it.
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(13-04-2012, 10:20 AM)Stocker Wrote: The impression I had from the AGM yesterday was the management were a rather conservative team,if not because of one hooligan retail investor who shouted at the CEO when he made his maiden speech , the overall atmosphere would have been better and believe the CEO will not be ' avoiding ' the retail investors during the tea break.
The management made it clear that Sabana will only concentrate in Ind. properties in Singapore ,because this is what they are good at , and this was the reason why the cornerstone investors invested in it.
What was he yelling about ?
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When the CEO said 2011 was a good year and 2012 expected to be another stable year with improved revenues, he yelled and interupted and said share price still below IPO price, when the CEO told him he would expalin that later, this joker asked, would the share price go up after coming back later.
This joker is in his 60, can see him talking in Madarin very loudly in other AGMs. But I notice he dare not yell at Ang Moh , like Rickmers or FSL.
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DPU increased from 2.17 to 2.26 cents for 1Q.
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Many new industry properties in the market, could be over supplied down the road.
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Published July 19, 2012
Sabana Reit Q2 DPU up 4.1% to 2.27cts
By BusinessTimes , Carine Lee
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Sabana Shari'Ah Compliant Reit on Thursday reported a 4.1 per cent increase in year on year distribution per unit (DPU) to 2.27 cents, exceeding forecast of 2.17 cents, for the fiscal second quarter ended June 30, 2012.
Unitholders can expectto receive their DPU on August 29, 2012.
Income available for distribution rose 4.7 per cent to $14.5 million from $13.85 million a year ago, on a 17 per cent increase in turnover to $20.35 million from $17.38 million a year ago. Net property income rose 15.3per cent to $19.08 million from $16.54 million a year ago.
The increase in revenue and property income was due to contribution from new properties acquired in the fourth quarter of 2011.
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Should expect increases of DPU .