Fortunately (or unfortunately), partial of the overall dividends I received over the years from my simple diversified portfolio managed to offset the capital loss from the sale of FSL shares. I will re-deploy the remaining funds from it for other investing opportunities.
My dream to become financially free, through regular passive income investing
Showing posts with label FSL. Show all posts
Showing posts with label FSL. Show all posts
Aug 23, 2012
Divested FSL shares
I have been watching in dismay it has cut its dividends next to almost nothing two quarters ago, till in its latest financial announcement in July 2012 about the restriction ("Relaxation Period") on it to pay out any distribution from this quarter until 30 June 2013. I believe as an ordinary unitholder and income investor, such development is very unfortunate and disappointing. Hence, I made a painful decision - sold off my 10 Lots of FSL shares on 22 August 2012.
Lesson learnt here: Trusts such as Shipping Trusts or Business Trusts are, unlike Reits, can cut or suspend their dividends/distribution to nothing anytime, so now I find them very risky to invest in, although they may display attractive/high dividend yield from time to time. I decide I will not touch them from now on.
Fortunately (or unfortunately), partial of the overall dividends I received over the years from my simple diversified portfolio managed to offset the capital loss from the sale of FSL shares. I will re-deploy the remaining funds from it for other investing opportunities.
Fortunately (or unfortunately), partial of the overall dividends I received over the years from my simple diversified portfolio managed to offset the capital loss from the sale of FSL shares. I will re-deploy the remaining funds from it for other investing opportunities.
Aug 2, 2011
FSL Q2FY11 result release
I have been very busy and tired after work in recent months, hence, there was not much update in my blog. I do, however, read the blogs of other Singapore dividend-income investors, and I am glad to see they are doing very well. Three cheers for them.
Alright, coming back to FSL.
In the latest announcement on 20 July 11, after the stub distribution, the Trust announced that they are distributing US$0.0008, Together with the stub distribution, the total distribution for Q2FY11 will maintain at US$0.0095.
I also read that they are now in discussion with leading banks on re-financing and to extend their entire near-term loans (which will expire in Apr 2012) to year 2016 and beyond. I wish them and myself good luck for this discussion and that the banks agree on the extended loan tenure requests.
Anyway, the dividends that I will be receiving based on the above are:
US$0.0008 x 1.21 x 10000 shares = S$9.60
Total dividends received from FSL for Q2FY11 = S$(105.20 + 9.60) = S$114.80
Date payable will be on 26 August 2011.
Alright, coming back to FSL.
In the latest announcement on 20 July 11, after the stub distribution, the Trust announced that they are distributing US$0.0008, Together with the stub distribution, the total distribution for Q2FY11 will maintain at US$0.0095.
I also read that they are now in discussion with leading banks on re-financing and to extend their entire near-term loans (which will expire in Apr 2012) to year 2016 and beyond. I wish them and myself good luck for this discussion and that the banks agree on the extended loan tenure requests.
Anyway, the dividends that I will be receiving based on the above are:
US$0.0008 x 1.21 x 10000 shares = S$9.60
Total dividends received from FSL for Q2FY11 = S$(105.20 + 9.60) = S$114.80
Date payable will be on 26 August 2011.
Jul 14, 2011
FSL Q2FY11 - Stub Distribution due to 57,000,000 new units placement
Never-ending new units placement!!
Due to the placement of new units, FSL is giving out Stub Distribution to exisiting unit holders (yes, that's me included too) of US$0.00087 for the period from 1st April 2011 to 23rd June 2011, instead of 30th June 2011.
As such, the FSL dividend I shall receive for 2Q11 will be:
US$0.0087 x 1.21 x 10000 shares = S$105.20
Date payable will be on 21 July 2011.
Due to the placement of new units, FSL is giving out Stub Distribution to exisiting unit holders (yes, that's me included too) of US$0.00087 for the period from 1st April 2011 to 23rd June 2011, instead of 30th June 2011.
As such, the FSL dividend I shall receive for 2Q11 will be:
US$0.0087 x 1.21 x 10000 shares = S$105.20
Date payable will be on 21 July 2011.
May 7, 2011
FSL Q1FY11 result release
Again, FSL maintains its DPU as at US$0.0095. However, from the announcement I read, the quarter posted a net loss of US$2 mil in Q1FY11 compared to US$0.7 mil net gain in Q1FY10. Unless things turnaround, I suppose they will not be able to maintain the same DPU level in the next few distributions. Hopefully I am wrong and wishing them the best. Anyway, the dividend I shall receive will be (with rough estimation of USD/SGD exchange conversion rate at 1.23):
US$0.0095 x 1.23 x 10000 shares = S$116.85
Date payable is on 27 May 2011.
US$0.0095 x 1.23 x 10000 shares = S$116.85
Date payable is on 27 May 2011.
Jan 24, 2011
FSL Q4FY10 result release - Part 1
There is no change in the distribution amount from last quarter, and it stands at US$0.0095. Because the exchange rate is not confirmed, I will not be able to accurately compute the actual figure. However, my rough estimation for the exchange rate is to be around 1.28 region. Hence, my estimation for this quarter's dividend is as followed :
US$0.0095 x 1.28 x 10000 shares = S$121.60
Date payable is on 25 Feb 2011.
I feel great to be receiving this constant stream of income so far !! :=)
US$0.0095 x 1.28 x 10000 shares = S$121.60
Date payable is on 25 Feb 2011.
I feel great to be receiving this constant stream of income so far !! :=)
Jan 15, 2011
FSL to release result for Q4FY10
The announcement date will be on 19 Jan 2011 (Wednesday).
Oct 28, 2010
FSL - 3QFY10 DPU result
Like PST, the dividend is out and is at US$0.0095 per share. Since it is also given out in US dollar, I am making the same temporary assumption that USD/SGD exchange rate to be at 1.3. Hence, my dividend for this stock for this quarter will be :
US$0.0095 x 1.3 x 10000 shares = S$123
Looking forward to the payout day !!
Update on 24 Nov 2010
FSL has finalised the USD/SGD exchange rate to be at 1.2962. So, the finalised dividend I shall receive from FSL will be :
US$0.0095 x 1.2962 x 10000 shares = S$123.13
US$0.0095 x 1.3 x 10000 shares = S$123
Looking forward to the payout day !!
Update on 24 Nov 2010
FSL has finalised the USD/SGD exchange rate to be at 1.2962. So, the finalised dividend I shall receive from FSL will be :
US$0.0095 x 1.2962 x 10000 shares = S$123.13
Labels:
Business Trusts,
Dividends,
FSL,
Shipping Trusts
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