FSL Trust
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FSL Trust - starting to see value in it
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ayo....AT MOST..sell all their ships at 50% discount and split the returns to each shareholders loh...this way it can still fetch a higher value then it's stock's trading value now rite? :P hee....
this was the thread i started. Now that i revisit it after 2 yrs.. its price jus gotta worst.
This simply shows that the shipping trust model is flawed. Unlike business reits or property reits.
Ship as an asset depreciate faster than others. With global economy dragging its feet together, shipping doesnt seems gg to recover anytime sooner too.
But have to agree that the current price is low.. but no pt getting in now yet unless u are prepare to wait for 1-2 yr recovery.
http://spikesandcurves.blogspot.com/ Hunter2011 ( Date: 26-Jan-2012 10:21) Posted:
FSL
counterparty risks looming as its newest customer, Danish tankeroperator
TORM is already in negotiations with lenders to restructure its debt to avoid
default. (Source: Bracing for more pain)
Investor
who purchased FSL for good dividend yield, now dividend could missing for 1 or
2 years, FSL still a good buy?
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FSL
counterparty risks looming as its newest customer, Danish tankeroperator
TORM is already in negotiations with lenders to restructure its debt to avoid
default. (Source: Bracing for more pain)
Investor
who purchased FSL for good dividend yield, now dividend could missing for 1 or
2 years, FSL still a good buy?
First Ship faces greater risk clients can’t meet lease payments (source: First Ship faces greater risk clients can’t meet lease payments )
wah!! 20.5cts now!! ready to scoop LOW LOW Liao :P
Yes the report is for 4th qtr. But it did not say that the lower DPU is only for the 4th qtr.
nickyng ( Date: 20-Jan-2012 12:32) Posted:
huh? i thot it is stated in the SGX report that it is for this Qtr ONLY? hmm...
http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_4CADD865837E04C54825798A003793A1/$file/News_Release_4QFY11.pdf?openelement
sureesh40 ( Date: 20-Jan-2012 12:27) Posted:
The reduction in DPU is drastic. Management should say if it is only for 4Q2011 or if it will be permanently this low.
If it is permanently then we are finished. It is a junk company. |
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huh? i thot it is stated in the SGX report that it is for this Qtr ONLY? hmm...
http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_4CADD865837E04C54825798A003793A1/$file/News_Release_4QFY11.pdf?openelement
sureesh40 ( Date: 20-Jan-2012 12:27) Posted:
The reduction in DPU is drastic. Management should say if it is only for 4Q2011 or if it will be permanently this low.
If it is permanently then we are finished. It is a junk company. |
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The reduction in DPU is drastic. Management should say if it is only for 4Q2011 or if it will be permanently this low.
If it is permanently then we are finished. It is a junk company.
WooWwoooOOooWW ! 22.5cts...hit rock bottom price yet? hee....still waitg! :P
Ya!! Sometime people think differently instead of remaining in the slow moving vessel, they think they can jump ship to a better,faster and cheaper one mah (sounds familiar: Our great union chief said this before- LSS) !!!
This is what I think. I may be wrong and likely I am b'cos the market is always right and NEVER wrong.
Hehe!!!
nickyng ( Date: 20-Jan-2012 10:07) Posted:
well..current price is below it's 52wk low...no matter wat price they enter for " long" if they are selling out at current price...it is more " loss" then the reduced DPU they forgo :P...crazy..haha..anyway waitg to scoop up at rock bottom price...hee
wishbone ( Date: 20-Jan-2012 10:02) Posted:
I believe many longed on this stock b'cos of its dividends as oppose to putting in the bank. And now the DPU is reduced they reckon that the amount (div) they will get in the future will also reduce too.
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well..current price is below it's 52wk low...no matter wat price they enter for " long" if they are selling out at current price...it is more " loss" then the reduced DPU they forgo :P...crazy..haha..anyway waitg to scoop up at rock bottom price...hee
wishbone ( Date: 20-Jan-2012 10:02) Posted:
I believe many longed on this stock b'cos of its dividends as oppose to putting in the bank. And now the DPU is reduced they reckon that the amount (div) they will get in the future will also reduce too.
nickyng ( Date: 20-Jan-2012 09:52) Posted:
| Wah! plunge 23% to 23cts now just becos it has reduect it's DPU ?!?!? wow.....kinda over-react right? :P
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I believe many longed on this stock b'cos of its dividends as oppose to putting in the bank. And now the DPU is reduced they reckon that the amount (div) they will get in the future will also reduce too.
nickyng ( Date: 20-Jan-2012 09:52) Posted:
| Wah! plunge 23% to 23cts now just becos it has reduect it's DPU ?!?!? wow.....kinda over-react right? :P
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Wah! plunge 23% to 23cts now just becos it has reduect it's DPU ?!?!? wow.....kinda over-react right? :P
used to be around 60cents. vested...
q-ing to jeep at 0.340 :)
Just wait and see till Sept 2011.
guanleesoh ( Date: 15-Jun-2011 10:01) Posted:
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Sorry it's 0.37 - 0.375
