FSL Trust    Last:0.043    +0.003

FSL Trust - starting to see value in it

hi tajixu,

            thanks for the info..1st time read abt this counter...looks potential though..will study about it...all the best to your vested counters~

cheers,

oinkoink

 

tajixu, thanks for ur reminder. But Im also a unit holder of Rickmers. But of cos, I love FSL more than rickmers.

 

Hi freeme,

                Yes, I'm also looking at this counter..queue at 0.42 today but never kana. Talking about share re-investment scheme..this is something new to me too...i actually thot of jz collecting the dividends when payment is due. JMO.

Cheers,

oinkoink

freeme      ( Date: 22-Apr-2009 21:32) Posted: Seems that forumers here are not that interested in shipping trusts. Q1 DPU: US2.45 cents Presume the rest of the quarters' DPU remains the same and based on current stocks price of 0.43. it will yield 34% dividend p.a Anyway, im thinking whether to reinvest on the dividends on new units given this is the best time to accumlate units while dividend yield is high. Any experience player care to share about reinvesting of stocks under share reinvestment scheme?

 

Should also look at Rickmers Maritime.....Today closed at 33 cents, its all time low is 32 cents. Based on its past payout dividends, this babe looks attractive too. It plans to announce its 1Q2009 financial results this Friday.....hope it can maintain the same dividend payout as last quarter.

RICKMERS MARITIME
	DIVIDEND	19 Feb 2009	23 Feb 2009	5 Mar 2009	011008-311208 USD 0.0225 TAX EXEMPT
	DIVIDEND	13 Nov 2008	17 Nov 2008	27 Nov 2008	010708-300908 USD 0.0225 TAX EXEMPT
	DIVIDEND	18 Aug 2008	20 Aug 2008	29 Aug 2008	010408 - 300608 USD 0.0225 TAX EXEMPT
	DIVIDEND	16 May 2008	21 May 2008	30 May 2008	010108-310308 USD 0.0214 TAX EXEMPT
	DIVIDEND	12 Mar 2008	14 Mar 2008	27 Mar 2008	011007-311207 USD 0.0214 TAX EXEMPT
	DIVIDEND	19 Nov 2007	21 Nov 2007	30 Nov 2007	010707 - 300907 USD 0.0214 TAX EXEMPT
	DIVIDEND	20 Aug 2007	22 Aug 2007	31 Aug 2007	040507 - 300607 USD 0.01364 TAX EXEMPT

RICKMERS MARITIME
ANNOUNCEMENT OF 1Q2009 RESULTS
Rickmers Trust Management Pte. Ltd., Trustee-Manager of Rickmers Maritime, plans to
release its financial results for 1Q2009 on Friday, 24 April 2009.

 

Seems that forumers here are not that interested in shipping trusts.

Q1 DPU: US2.45 cents

Presume the rest of the quarters' DPU remains the same and based on current stocks price of 0.43. it will yield 34% dividend p.a

Anyway, im thinking whether to reinvest on the dividends on new units given this is the best time to accumlate units while dividend yield is high. Any experience player care to share about reinvesting of stocks under share reinvestment scheme?

 

Even the slow moving ones are moving up nicely... Recommended to those who are still on fixed deposit, cash out and place in this one.. 

stable at this price and extra good dividend coming in May..

 

Nice climb today.. when CD time, i tink it should push up above 0.4.. Investors who gg for long term can consider this counter. Intend to pump in more when earn profit from other counter.

 

some updates:

FIRST SHIP LEASE TRUST PROVIDES UPDATE TO INVESTORS
•
All lessees have been prompt in their lease payments
•
Reaffirm 1Q FY09 DPU guidance of US2.45 cents
•
In full compliance with loan covenants
•
No current requirement for additional funding

 

Based on their current price at 0.39 (historical low @0.36) + dividend yield (based 0.0245USD = 0.036SGD per Q) which translate the YR09 dividend payout to be 0.144SGD, it will be equal = 36% yield. Giving a 15% discount to the est. DPU, it will also yield 31%.

Therefore i think is will be a good buy given that price upside potential and high yield component.

Vested at 0.39