FSL Trust (D8DU.SI) leases a long-term bareboat charter basis to the international shipping industry. The company was listed at the end of 2007 when the global financial crisis just about to start. It got into financial trouble as well (most of all company which leverage on credit/loan did have financial problems).  The price plunged from high of #1.30 to all the way to around $0.10. In late 2013 the share was suspended for trading, but it made a comeback in early 2014, and the price has been sideways around $0.10. The lowest price was about $0.067. Simple FA based on its 3Q report,: 1. Its Price/NAV at 80% discount. NAV at $0.50. 95% of the asset is their vessels. Assuming it closes shop and sells all its vessels at 80% discount, NAV will be at $0.10 which is around its current price now. 2. ......