Sabana Shari'ah REIT

[valueinvestor]

Nick, You have a good point. 10% private placement can raise much more money.

[Stocker]

Another problem could be some master leases may not be renewed and Sabana has to face lower occupancy and higher maintenance expenses .

[cfa]

Manager started to unload its holding.


http://info.sgx.com/webcoranncatth.nsf/V...E0045EADC/$file/20130517_Announcement_SaleOfUnits.pdf?openelement

[felixleong]

the shares they sold came from their management fees, so I wouldn't treat it as a bad sign.
btw so far any updates on the master lease renewals>?

[cfa]

Too many industry buildings are being built, flatted, corporate.... Armstrong is not renewing its tenancy agreement with Acendas because they will be moving its production plant to Iskanda, Malaysia, as confirmed by the management recently in AGM.

[kichialo]

Why does it say 'for working capital purposes' when these shares are actually management fees? The proceeds from selling cannot be going back to the Reit, right?

[cfa]

Obviously they know share price is at its peak.

[KopiKat]

Why does it say 'for working capital purposes' when these shares are actually management fees? The proceeds from selling cannot be going back to the Reit, right?

Working Capital of the Mgmt co. ie. "Sabana Real Estate Investment Management Pte. Ltd.", not the REIT itself. I suppose they'll need cash to pay salaries, rental,...etc.?

[Dividend Warrior]

Another problem could be some master leases may not be renewed and Sabana has to face lower occupancy and higher maintenance expenses .

This is still a worry..

[NTL]

Another problem could be some master leases may not be renewed and Sabana has to face lower occupancy and higher maintenance expenses .

This is still a worry..

Exit or hold a lesser % in this? At least can sleep better.