I made a recent purchase of 17,000 shares of Accordia Golf Trust at a price of 64.5 cents. As far as I can remember, I do not have a very good impression of trust that are listed here in SGX. I have made my fair share of loss when I balloted for the IPO for Ascendas Hospitality Trust (AHT) which I then subsequently sold at a loss (link here). Other trusts such as Asian TV have not been performing since its debut as well. For Accordia, they have lost nearly 32% of their value since their IPO at 97 cents. But I will elaborate later on why I think they might represent a value for turnaround play. Back to the earlier, there are a few common reasons why I think the share price for these trusts have been lingering low since their debut. First, most of these ......