I made my first transaction for 2017 that I’ve monitored for quite some time.
Sabana Reit is probably one of the most hated Reits in the whole universe of S-reits at the moment. And they are rightfully so. Investors who has been with them since the IPO has seen the share price go up to as high as $1.3+ before plunging all the way down to today’s post-rights price of around $0.34.
I was waiting and observing and waiting further to get this real cheap and I finally managed to get them today after queuing for the stock on a GTD basis since last Friday.
I managed to purchase 30,000 shares of Sabana Reit at a price of $0.34.
Reasons Why I’m Buying
1.) This is a classic example of buying a company at a cheap price. To me at least, I find it compelling …