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This is going to be a quick blog.
My interest here is mostly academic.
I have a big tub of popcorn ready and I hope the movie is a good one.
Talking about movies, recently, I dug out my Harry Potter books from almost 20 years ago and read them again.
Thanks to the weekly screening of Harry Potter movies on TV recently, I felt like reading the books again.
The books are still as good as ever; they are definitely better than the movies, to be honest.
Really, I do solemnly swear.
Time does fly, doesn't it?
Fellow Harry Potter fans might remember this:
Anyway, isn't this an interesting article in The Business Times?
Feeling of deja vu?
Hmm.
Maybe, just a bit.
Familiar ESR REIT pattern?
Hmm.
Maybe, just a bit.
Another interesting article in The Business Times.
"Under the deal, for each ALOG unit, ESR-REIT will pay S$0.095 a unit in cash and 1.6765 new ESR-REIT units issued at S$0.51 each, for a total of S$0.95 a unit, the REITs said.
"Units of ESR-REIT were trading up 2.15 percent at S$0.475 at 11:55 a.m. SGT Monday, while ALOG was at S$0.90, down 3.74 percent."
Really?
Accept?
Don't accept?
Alamak, I blur.
Remember, no one cares more about our money than we do and don't ask barbers if we need a haircut.
ARA Logos unitholders have to take care of their interest because no one else will do it for them.
Remember this article which was published in The Business Times with regards to ESR REIT's offer for Sabana REIT?
"If the proposed merger of Sabana Reit and ESR-Reit last year demonstrated anything, it is that IDs cannot always be relied upon to act in the interest of unitholders."
IDs cannot be relied on?
Can rely on brokerages or not?
Alamak, I really blur lah.
Sabana REIT was lucky to have activist investors leading the charge.
What about ARA Logos?
I also said something about the proposed merger in the comments section of this blog:
Good luck to unitholders of ARA Logos.
The short end of the stick, anyone?
Reference:
Bloggy Award
