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excellent 1q20 result, another qtr of us1.5c dpu. likely a strong gap up for TMR opening price.
I expect fsl to start paying qtrly div come 4may 1q20 result announcement, if so, share price could hit10c and beyond.
Day high :) Chiong ah !
for sure it will not be us 1.5c per qtr, even at us .2c per qtr the yield wil still be high.
yes, they could, but not 1.5 UScents per quarter 
, it will be much less
, it will be much lessdcools ( Date: 06-Feb-2020 12:56) Posted:
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fslt gearing is at 25.3% now unlike bef. fslt could still pay out qtrly dividend as long as it can generate positive cash flow qtrly.
FSLT is a different company now: under the former owners they paid dividends from borrowed money, now they pay dividends while they are reducing the debt, the way it should be - so better be realistic as to what can be paid out...
dcools ( Date: 06-Feb-2020 12:39) Posted:
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fslt used to pay out qtrly dividend.it likely do the same if the recovery is sustainable.
Bought at 4.5 cents, was a good move. Fundamentally sound company in a challenging cyclical industry, committed and experienced major shareholder, good management, conservative approach to the balance sheet. Even though the current level of dividend may not be sustainable each year, there should still be decent payouts from now onwards. Fair value at least 15 cents, but may go higher over the medium to long term if they continue the good work. Will not sell, this is a good position for the longer term
Hope is not a 1 day wonder which sgx pennies are good at
recovery play 20% yield at .0.1 shortlists gonna get squeeze if they don't cover.
Major shareholder holds 73% of the company. If it breaks the morning high of $0.10, the shorts are going to be squeezed.
SmallSmall ( Date: 06-Feb-2020 10:05) Posted:
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Do not short this counter...Fundamentally and technically, both are in alignment... :)
Company has positive balance sheet with more current assets than current liabilities so debt not an issue. Operating cash flow positive
Trust just started payind dividend. Positive cash flow and expects sustained earnings in 2020. Currently declared 1.5 US cents dividend for this quarter which is 2.1 SG cents. At this rate, dividend yield in excess of 20%! Severely undervalued, expect price to easily double if keeps its performance up
Funds bought 602,700 shares @ $0.046 on 4th April.
Upcoming rights issue at $0.045 with SS undertaking to take up their rights entitlement. DYODD
Upcoming rights issue at $0.045 with SS undertaking to take up their rights entitlement. DYODD
Any views on this company and especially the new management?
Seems like they are making the right moves: selling down some low earning ships to reduce debt, successfully refinanced $108 mio debt, and now a capital increase to buy modern ships with better earnings potential to increase the cash flow. Without the capital increase the Debt was roughly 5 x the annualised latest quarter cash flow, which meant they would have to work still many years for the banks wihout any prospect of a dividend. However buying modern ships without increasing the debt should be able to get them quicker to the point that the banks feel comfortable with Debt to cash flow ratio and improve the prospect of a dividend in maybe 2 years time?
Any insights?
Seems like they are making the right moves: selling down some low earning ships to reduce debt, successfully refinanced $108 mio debt, and now a capital increase to buy modern ships with better earnings potential to increase the cash flow. Without the capital increase the Debt was roughly 5 x the annualised latest quarter cash flow, which meant they would have to work still many years for the banks wihout any prospect of a dividend. However buying modern ships without increasing the debt should be able to get them quicker to the point that the banks feel comfortable with Debt to cash flow ratio and improve the prospect of a dividend in maybe 2 years time?
Any insights?
granto ( Date: 01-Mar-2018 07:36) Posted:
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HSH sells FSL Trust stake to Prime Tanker Management http://splash247.com/hsh-sells-fsl-trust-stake-prime-tanker-management/
FSL Trust offloads another vessel http://splash247.com/fsl-trust-offloads-another-vessel/
1) Potential new SSH
2) To date - disposed 3 x vessel/ tanker to reduce debts
3) Scheme of arrangement for extension of loan facility still on going.
Development seems ok, but hit my SL.....
2) To date - disposed 3 x vessel/ tanker to reduce debts
3) Scheme of arrangement for extension of loan facility still on going.
Development seems ok, but hit my SL.....
Newlearner ( Date: 22-Dec-2017 18:37) Posted:
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