I used to own FSL trust and it has been on my radar since. Many things have happened, and I thought readers should know.
1) CEO left. He made no secret his unhappiness and the board did not mince words in explaining the reasons of letting him go. Apparently, there is some coporate issue and conflict of interest. The Ex-CEO is accused of pursuing his own interest over the trust.
2) Profit guidance. The trust is expected to report loss due to impairment but still positive in generating cash flow.
U can read the announcements from the SGX. When I first read 2 announcements, I am rather tempted to re-enter the counter if the price is good. It is cash flow that determine payout although the impairment might cause stresses on its loan convenant.
However, I decided against it when I read this:
FSL do …Read the full article →