Buy @ US$0.855. Yield @ 10.433%. Current Exchange Rate, Sell/Buy- UOBKH 1.4415/1.4465 ; POEMS 1.43825/1.44325. Decided to take a bet that when FSL starts to trade in S$ on 30-Nov, the yield shld move closer to that of Rickmers (also traded in S$). Currently, there’s a yield gap of 1% which translates to a potential 10% diff in price; if they meet halfway, then aro’ 5%, but that means Rickmers may drop another 5% 😀
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