Mr. Market is showing displeasure with FSL Trust's decision to reduce quarterly DPU from 0.95c to 0.1c. Its price has plunged more than 20% from the closing of 30c yesterday to 23c when I last looked.
Assuming an exchange rate of US$1 to S$1.30, the annualised distribution yield is about 2.2% per annum based on a unit price of 23c. Better than fixed deposit rates but as an investment, it is
Showing posts with label FSL Trust. Show all posts
Showing posts with label FSL Trust. Show all posts
Thursday, January 19, 2012
Thursday, June 9, 2011
FSL Trust: Private placement.
On 2 June, I blogged about FSL Trust's acquisition of a vessel and I was wondering if it would be a positive catalyst for its unit price since distributable income would likely increase. Read blog post here.
Fast on the heals of that acquisition is another one. This time, "the acquisition will be fully funded by the drawdown of US$23 million from the trust's existing revolving credit facility
Fast on the heals of that acquisition is another one. This time, "the acquisition will be fully funded by the drawdown of US$23 million from the trust's existing revolving credit facility
Wednesday, June 1, 2011
FSL Trust: Acquisition.
Nothing much has been happening to FSL Trust lately although its unit price has suffered from weakness. I suspect that the weakness of the US$ and the shipping sector as a whole could have been a dampener.
The latest news is an acquisition of a "Long Range II (LR2) product tanker from TORM Singapore, a wholly-owned subsidiary of TORM A/S for US$46 million ($56.7 million).... The transaction will
The latest news is an acquisition of a "Long Range II (LR2) product tanker from TORM Singapore, a wholly-owned subsidiary of TORM A/S for US$46 million ($56.7 million).... The transaction will
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