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Latest Forum Topics / FSL Trust    Last:0.043    -0.001  Post Reply
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dealer0168
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30-Jul-2009 21:00     
 
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Haha, but i also don't expect it to keep dropping leh........  At least behave like a defensive counter.

Market sentiments now so good now.

When economy really recover, u thk we still can get Rickmer & FSL at this price.......dan kuku.....haha

 



freeme      ( Date: 30-Jul-2009 20:53) Posted:

they just XD.. so dun expect much for nw.. 

All eyes should be on rickmers.. most aggressive Ship trust nw with 1bil worth of vessels coming in.. if can finance it well den ho seh.. if nt also wouldnt be tat jialat la..



dealer0168      ( Date: 30-Jul-2009 17:52) Posted:



Surprise FSL is not performing.

To be frank shipping trust like FSL when compare to reit, its current pricing look attractive keep.

Pay around 600 somthing per lot now : in return u get around possible $21 per next 2 qtr (fr 3rd & 4th qtr)

And next year if the economy better, we may get back the high DPU rate that was given last time. Still a good buy. Depend on how ones look at it
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freeme
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30-Jul-2009 20:53     
 
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they just XD.. so dun expect much for nw.. 

All eyes should be on rickmers.. most aggressive Ship trust nw with 1bil worth of vessels coming in.. if can finance it well den ho seh.. if nt also wouldnt be tat jialat la..



dealer0168      ( Date: 30-Jul-2009 17:52) Posted:



Surprise FSL is not performing.

To be frank shipping trust like FSL when compare to reit, its current pricing look attractive keep.

Pay around 600 somthing per lot now : in return u get around possible $21 per next 2 qtr (fr 3rd & 4th qtr)

And next year if the economy better, we may get back the high DPU rate that was given last time. Still a good buy. Depend on how ones look at it
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dealer0168
Elite
30-Jul-2009 17:52     
 
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Surprise FSL is not performing.

To be frank shipping trust like FSL when compare to reit, its current pricing look attractive keep.

Pay around 600 somthing per lot now : in return u get around possible $21 per next 2 qtr (fr 3rd & 4th qtr)

And next year if the economy better, we may get back the high DPU rate that was given last time. Still a good buy. Depend on how ones look at it
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dealer0168
Elite
29-Jul-2009 09:10     
 
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Current if compare to reit, this shipping trust still provides good divi with its current price. (my opinion)

If Rickmer solves its finance refinancing issue, it is another shipping trust that we can opt for too.

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dealer0168
Elite
29-Jul-2009 08:53     
 
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This one not bad. I'm vested in as well.

Here is a analyst report to share with u:

FSLT: What analysts say now... Print E-mail
Written by NextInsight team   
Friday, 24 July 2009

Excerpts from latest analyst reports:
Image
Source: OCBC report

OCBC Investment Research upgrades First Ship Least Trust to ‘buy’

Our updated discounted FCFE (free cash flow to equity) value for First Ship Lease Trust (FSLT) is S$0.84 (10% discount rate, prev: S$0.83).

In our view, the balance sheet side of the trust's challenges is mostly resolved (with conditions/pricing still uncertain). The other concern that remains (industry-wide) is counterparty risks.

We ascribe a 10% "industry uncertainty" discount to reach a fair value estimate of S$0.76 (prev: S$0.58). This implies a total return of about 28% (15% upside, 13% yield). We like FSLT because of its 1) new more sustainable business model; and 2) its diversified vessel mix of containers, tankers and dry bulk carriers.

For these reasons, FSLT is now our top pick for the sector. Upgrade to BUY
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shweli
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29-Jul-2009 08:44     
 
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 Alert Admin 		Any1 interested in FSL? Tuesday vol not bad. RSI above 50%. Hammer Head.
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