Shares & Derivatives
Offer of 46.5c per unit for Sabana REIT by Volare Group.
By A Singaporean Stockmarket Investor (ASSI)  •  January 20, 2023
This blog is in response to a reader's comment on Sabana REIT being taken over by a substantial shareholder. I was replying to the reader's comment but it got pretty long. So, I am publishing the reply as a blog instead and more people can eavesdrop as I talk to myself. AK talks to himself: It seems that Volare Group isn't buying the entire REIT. Just a partial offer for 10% of the REIT at 46.5c a unit. It is at a rather big discount to Sabana REIT's NAV but, given the much higher risk free rate today, it is probably not too bad a price. I remember blogging about what I thought a fair price might be for a buyer to offer for Sabana REIT. That was in relation to the low ball offer made by ESR REIT at the time. I suggested a price of 48c a unit....
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By A Singaporean Stockmarket Investor (ASSI)
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