I have mentioned earlier on the valuers earlier which should hold them accountable. Going through CAD I think is a smart way to do it as this may expose any illegal dealings.
Even for a lose-lose, this give a good education to public companies who treat minority holders non-existence. Theirs are hard earn money.
"Colliers, Savills and Knight Frank separately and independently did a valuation on the Changi South property using the Capitalization Approach and Discounted Cash Flow Analysis (DCF)."
(15-02-2017, 09:14 AM)YMPL Wrote: [ -> ] (14-02-2017, 10:41 PM)specuvestor Wrote: [ -> ] (14-02-2017, 09:36 PM)laksaman57 Wrote: [ -> ]http://www.theedgemarkets.com.sg/article...h-property
I actually agree with the logic but Activist is nonetheless gutsy
I agree with the logic too. The dispute is turning uglier. It might turn out to be a loss-loss game.
Mr. Jerry Low is setting a good example for the minorities to fight for own right and interest , he has the respect of many who don't even own a share in SABANA also !
If buying into some sabana shares can help him to succeed in kicking out the manager , I will definitely do so !
(15-02-2017, 09:35 AM)cfa Wrote: [ -> ] (15-02-2017, 09:14 AM)YMPL Wrote: [ -> ] (14-02-2017, 10:41 PM)specuvestor Wrote: [ -> ] (14-02-2017, 09:36 PM)laksaman57 Wrote: [ -> ]http://www.theedgemarkets.com.sg/article...h-property
I actually agree with the logic but Activist is nonetheless gutsy
I agree with the logic too. The dispute is turning uglier. It might turn out to be a loss-loss game.
Mr. Jerry Low is setting a good example for the minorities to fight for own right and interest , he has the respect of many who don't even own a share in SABANA also !
If buying into some sabana shares can help him to succeed in kicking out the manager , I will definitely do so !
Well, I admire Mr. Low's EGM initiative. A good example for OPMIs indeed. The saga can be settled via biz term, rather than a dogfight, at least not now before the EGM, IMHO. The new move blurred the "agenda".
(an outsider opinion)
(15-02-2017, 09:14 AM)YMPL Wrote: [ -> ] (14-02-2017, 10:41 PM)specuvestor Wrote: [ -> ] (14-02-2017, 09:36 PM)laksaman57 Wrote: [ -> ]http://www.theedgemarkets.com.sg/article...h-property
I actually agree with the logic but Activist is nonetheless gutsy
I agree with the logic too. The dispute is turning uglier. It might turn out to be a loss-loss game.
I reckon this is a game of chess. One needs to attack so that the opponent uses up their own pieces to defend, and subsequently reduces the attention to other areas of defence or their own planned offensive.
@ ACTIVIST SPEAKS
Where is your source of info that there was a valuation done by Colliers who also valued the property at SGD 23 million?
Valuation by Knight Frank:
- Was commissioned by the Reit Manager.
- Valuation methods (income capitalization approach and the discounted cash flow analysis)
Valuation by Savills:
- Was commissioned by the Trustee
- Valuation methods (direct comparison, income capitalization approach and the discounted cash flow analysis)
Interestingly, the valuation done by “Savills” was supposed to be commissioned “independently” by the Trustee, this raise another BIG question……………
How “independent” was it?
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(15-02-2017, 09:54 AM)YMPL Wrote: [ -> ] (15-02-2017, 09:35 AM)cfa Wrote: [ -> ] (15-02-2017, 09:14 AM)YMPL Wrote: [ -> ] (14-02-2017, 10:41 PM)specuvestor Wrote: [ -> ] (14-02-2017, 09:36 PM)laksaman57 Wrote: [ -> ]http://www.theedgemarkets.com.sg/article...h-property
I actually agree with the logic but Activist is nonetheless gutsy
I agree with the logic too. The dispute is turning uglier. It might turn out to be a loss-loss game.
Mr. Jerry Low is setting a good example for the minorities to fight for own right and interest , he has the respect of many who don't even own a share in SABANA also !
If buying into some sabana shares can help him to succeed in kicking out the manager , I will definitely do so !
Well, I admire Mr. Low's EGM initiative. A good example for OPMIs indeed. The saga can be settled via biz term, rather than a dogfight, at least not now before the EGM, IMHO. The new move blurred the "agenda".
(an outsider opinion)
This runs parallel to what the credit rating agencies (firms which rate debt instruments) did prior to the American subprime mortgage crisis in 2008.
I am not suggesting any wrongdoing by the real estate valuation companies. But we all know who is paying for their services at the end of the day.
(15-02-2017, 10:39 AM)Boon Wrote: [ -> ]@ ACTIVIST SPEAKS
Where is your source of info that there was a valuation done by Colliers who also valued the property at SGD 23 million?
Valuation by Knight Frank:
- Was commissioned by the Reit Manager.
- Valuation methods (income capitalization approach and the discounted cash flow analysis)
Valuation by Savills:
- Was commissioned by the Trustee
- Valuation methods (direct comparison, income capitalization approach and the discounted cash flow analysis)
Interestingly, the valuation done by “Savills” was supposed to be commissioned “independently” by the Trustee, this raise another BIG question……………
How “independent” was it?
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ok I got it.
Colliers was commissioned by the Sponsor.
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(14-02-2017, 09:36 PM)laksaman57 Wrote: [ -> ]http://www.theedgemarkets.com.sg/article...h-property
My very first post after several months of silences. Thumb up to Activist Speak, being a small tiny investor of SR, I don't wish to contribute anything to this affair, but wish the fellow unitholders succeed in seeking "justice"