Shares & Derivatives
Sabana Reit – An opportunity to unlock value
By The Simplified Resource For Investing and Personal Finance  •  January 26, 2017
On 25 January, Sabana released their latest results presentation. I had a very troublesome time trying to calculate their price-to-book value post-rights.  The adjusted NAV per unit shown refers to pre-rights but naturally, everyone would be interested in knowing the post-rights one as the rights shares has already been issued. I can't find any information on the new right units in their latest presentation. I had to dig up previous documents in order to find out the number of new rights units... so troublesome. New rights units = 310,712,244 Units in issue as at 31 Dec 2016 = 742,371,286 Total units in issue = 1,053,083,530 New proceeds = $80,000,000 NAV as at 31 Dec 2016 = $556,795,000  Total NAV post rights = $556,795,000 + $80,000,000 Nav per unit =  $0.605 Price to book = 0.60
25 January Results Presentation
Lately, there has been this group of investors ...
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By The Simplified Resource For Investing and Personal Finance
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