Prior to Sabana REIT recent rights issue, I have always kept a watch on it. Although I always understand how lousy the Sabana REIT management team is, I still feel there is always a price for Sabana REIT.
Furthermore, I am always trying to be contrarian. Thus, with Sabana REIT having so many empty units, dividend will shoot up if part of these empty units were rented out.
Thus, when Sabana REIT announced the rights issue, I decided to purchase some of its "mother shares" (Actual Sabana REIT shares, not the right issue shares). This is the start of my roller-coaster ride...
With the confirmation of my purchase of the mother shares, ...
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