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FSL Trust - Biz at Inflexion Point Post Reply Rate topic
hem2998 Veteran	04-Feb-2015 16:19        hem2998 About Contact  Quote this Post!
x 0   x 0  Alert Admin	contra due for last weeks fast climb. well absorbed above 13c.  May see a re-test of 14c soon.   vested
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think2profit Master	04-Feb-2015 11:44        think2profit About Contact  Quote this Post!
x 0   x 0  Alert Admin	Pent up demand fr BBs. When buyers see only few sellers, they wd continue to buy up. See u at 20c soon
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think2profit Master	03-Feb-2015 09:56        think2profit About Contact  Quote this Post!
x 0   x 0  Alert Admin	With strong signs that FSL has turned around, FSL should now be in the radar of many traders. Are we ready to move?
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think2profit Master	02-Feb-2015 10:29        think2profit About Contact  Quote this Post!
x 0   x 0  Alert Admin	Finally retraced a little bit and  presents the opportunities to  buy on dip, for a turnaround stock with NAV 50c.
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think2profit Master	01-Feb-2015 23:25        think2profit About Contact  Quote this Post!
x 0   x 0  Alert Admin	hem2998, i' ve been waiting for retracement but am surprised that demand was so strong. i guess could be those stuckists starting to avg their cost now that FSL is on its uptrend move. hem2998      ( Date: 31-Jan-2015 11:12) Posted: i bot more yesterday at 13.2 think2profit      ( Date: 31-Jan-2015 10:30) Posted: I see target 25c, half of its NAV.
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hem2998 Veteran	31-Jan-2015 11:12        hem2998 About Contact  Quote this Post!
x 0   x 0  Alert Admin	i bot more yesterday at 13.2 think2profit      ( Date: 31-Jan-2015 10:30) Posted: I see target 25c, half of its NAV.
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think2profit Master	31-Jan-2015 10:30        think2profit About Contact  Quote this Post!
x 0   x 0  Alert Admin	I see target 25c, half of its NAV.
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hem2998 Veteran	30-Jan-2015 09:52        hem2998 About Contact  Quote this Post!
x 0   x 0  Alert Admin	techincally, next resistance ard 17.5c see here https://sg.finance.yahoo.com/echarts?s=D8DU.SI hem2998      ( Date: 30-Jan-2015 09:50) Posted: no choice. buy high, sell higher? think2profit      ( Date: 30-Jan-2015 09:16) Posted: Waited for retracement and it didn' t happen. Price cleared 13c and still looks strong. Pent up demand?
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hem2998 Veteran	30-Jan-2015 09:50        hem2998 About Contact  Quote this Post!
x 0   x 0  Alert Admin	no choice. buy high, sell higher? think2profit      ( Date: 30-Jan-2015 09:16) Posted: Waited for retracement and it didn' t happen. Price cleared 13c and still looks strong. Pent up demand?
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think2profit Master	30-Jan-2015 09:16        think2profit About Contact  Quote this Post!
x 0   x 0  Alert Admin	Waited for retracement and it didn' t happen. Price cleared 13c and still looks strong. Pent up demand?
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think2profit Master	29-Jan-2015 15:17        think2profit About Contact  Quote this Post!
x 0   x 0  Alert Admin	Waiting for retracement but price does not come down so far, signalling unsatisfied demand.
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think2profit Master	29-Jan-2015 11:06        think2profit About Contact  Quote this Post!
x 0   x 0  Alert Admin	Am waiting to buy more  on retracement, for this uptrend stock. good luck to all here. hem2998      ( Date: 29-Jan-2015 10:23) Posted: thanks think2profit. looks liek market agrees with your assesment. i' m looking to buy more... think2profit      ( Date: 29-Jan-2015 10:08) Posted: hem2998, my point was that FSL was still losing big money when it hit high 11.9c Apr 2014. It is now different and I see it may go  to 20c-30c very soon if it can  declare even a small tiny div for last qtr.
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hem2998 Veteran	29-Jan-2015 10:23        hem2998 About Contact  Quote this Post!
x 0   x 0  Alert Admin	thanks think2profit. looks liek market agrees with your assesment. i' m looking to buy more... think2profit      ( Date: 29-Jan-2015 10:08) Posted: hem2998, my point was that FSL was still losing big money when it hit high 11.9c Apr 2014. It is now different and I see it may go  to 20c-30c very soon if it can  declare even a small tiny div for last qtr.
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think2profit Master	29-Jan-2015 10:08        think2profit About Contact  Quote this Post!
x 0   x 0  Alert Admin	hem2998, my point was that FSL was still losing big money when it hit high 11.9c Apr 2014. It is now different and I see it may go  to 20c-30c very soon if it can  declare even a small tiny div for last qtr.
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hem2998 Veteran	28-Jan-2015 15:20        hem2998 About Contact  Quote this Post!
x 0   x 0  Alert Admin	what you mean by negative profit? think2profit      ( Date: 28-Jan-2015 15:19) Posted: Negative profit then. It has already shown 2 quarters of profitability and VTL ratio has just cleared 125% signalling that it will start its attractive div soon. Many retail investors who were stuck at 50c and above wil come to avg cost down once they see a sustainable uptrend. Virtuous cycle.. hem2998      ( Date: 28-Jan-2015 15:15) Posted: Apr 1st 2014 high was 11.9
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think2profit Master	28-Jan-2015 15:19        think2profit About Contact  Quote this Post!
x 0   x 0  Alert Admin	Negative profit then. It has already shown 2 quarters of profitability and VTL ratio has just cleared 125% signalling that it will start its attractive div soon. Many retail investors who were stuck at 50c and above wil come to avg cost down once they see a sustainable uptrend. Virtuous cycle.. hem2998      ( Date: 28-Jan-2015 15:15) Posted: Apr 1st 2014 high was 11.9 think2profit      ( Date: 28-Jan-2015 14:52) Posted: Hit 11.9-12.0c, higher than yesterday high of 11.8c. Look like unsatisfied demand is there. Sit tight.
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hem2998 Veteran	28-Jan-2015 15:15        hem2998 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Apr 1st 2014 high was 11.9 think2profit      ( Date: 28-Jan-2015 14:52) Posted: Hit 11.9-12.0c, higher than yesterday high of 11.8c. Look like unsatisfied demand is there. Sit tight.
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think2profit Master	28-Jan-2015 14:52        think2profit About Contact  Quote this Post!
x 0   x 0  Alert Admin	Hit 11.9-12.0c, higher than yesterday high of 11.8c. Look like unsatisfied demand is there. Sit tight.
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think2profit Master	28-Jan-2015 13:45        think2profit About Contact  Quote this Post!
x 0   x 0  Alert Admin	hem2998, with the day rates for oil tankers going higher since Sep 14, the value of its assets should be much higher by now. Good luck! hem2998      ( Date: 27-Jan-2015 21:09) Posted: i did some digging..and found a MAYBK-KE research report dated  23rd SEPT 2014. Dunno how i missed this last year!   this is not an inducement to buy...so please DYODD.     First Ship Lease Trust  (FSLT S  ] Watch out for potential turnaround    Turned profitable in 2Q14. Paying down debt and compliant with relaxed covenants.    Potential upside if original covenants are met. Improvements in fleet value and ongoing debt repayment could lift VTL ratio.    No rating or TP. Turned profitable in 2Q14 Declining debt We met management for an update on its business. The trust turned profitable in 2Q14, to a PATMI of USD1.0m after 10 quarters of losses. It is in compliance with the relaxed covenant requirements of its lenders and could potentially meet its original covenants if market conditions continue to improve. FSL has been paying down its debt at a run rate of USD44m a year.  Link  to IR website. Potential upside if covenants met We believe the market will value FSL using two metrics:    Market value of fleet.  Being asset-heavy, we expect the market to use FSL&rsquo s liquidation value as a floor for its unit price. If FSL can comply with its original VTL covenant of 125%, its fleet is probably worth about USD424m at market price. This implies FSL could theoretically be worth SGD0.181/share. Its fleet consists of seven containerships, 11 product tankers, two crude oil tankers and three chemical tankers.    Dividend yields.  FSL has suspended its dividend distribution since its earlier breach of debt covenants in Jun 2012. Its inability to pay dividends appears to be a big overhang and any dividend resumption could be a potential catalyst. Hence, its fleet&rsquo s market value and debt repayment are two key areas to watch. Any improvements could bring the trust into compliance with the lender&rsquo s value-to-loan (VTL) requirement of 125% and lower its interest costs. The trust could start paying dividends then.
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hem2998 Veteran	27-Jan-2015 21:09        hem2998 About Contact  Quote this Post!
x 0   x 0  Alert Admin	i did some digging..and found a MAYBK-KE research report dated  23rd SEPT 2014. Dunno how i missed this last year!   this is not an inducement to buy...so please DYODD.     First Ship Lease Trust  (FSLT S  ] Watch out for potential turnaround    Turned profitable in 2Q14. Paying down debt and compliant with relaxed covenants.    Potential upside if original covenants are met. Improvements in fleet value and ongoing debt repayment could lift VTL ratio.    No rating or TP. Turned profitable in 2Q14 Declining debt We met management for an update on its business. The trust turned profitable in 2Q14, to a PATMI of USD1.0m after 10 quarters of losses. It is in compliance with the relaxed covenant requirements of its lenders and could potentially meet its original covenants if market conditions continue to improve. FSL has been paying down its debt at a run rate of USD44m a year.  Link  to IR website. Potential upside if covenants met We believe the market will value FSL using two metrics:    Market value of fleet.  Being asset-heavy, we expect the market to use FSL&rsquo s liquidation value as a floor for its unit price. If FSL can comply with its original VTL covenant of 125%, its fleet is probably worth about USD424m at market price. This implies FSL could theoretically be worth SGD0.181/share. Its fleet consists of seven containerships, 11 product tankers, two crude oil tankers and three chemical tankers.    Dividend yields.  FSL has suspended its dividend distribution since its earlier breach of debt covenants in Jun 2012. Its inability to pay dividends appears to be a big overhang and any dividend resumption could be a potential catalyst. Hence, its fleet&rsquo s market value and debt repayment are two key areas to watch. Any improvements could bring the trust into compliance with the lender&rsquo s value-to-loan (VTL) requirement of 125% and lower its interest costs. The trust could start paying dividends then.
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