Category: FSL

Sell @ $0.192.

No more left. Big loss realised here, but on paper will see no impact on my total assets as the losses will just shift from unrealised to realised. Only a tiny drop (but can invest the proceeds to cover) to my projected dividends as FSL had lowered the DPU to US0.1ct recently. So, ya, on paper, not much impact. But, still, heart pain pain, haha..

Last evening’s SGX Annc was the trigger for me to sell. They’d announced a default by one customer that’ll impact 12.8% of revenue.

Looking at the volume and price support, I think traders are active here. One bid is 0.001ct and during this bullish times, I’d noticed quite a few stocks in the 0.001ct bid group seeing very good volume and price rise. Buyer CP ’29’ – DBSV. 🙁

Buy @ $0.52. Looks like headed towards <50ct! Seller ’12’ – Lim and Tan , ’31’ – DMG, still local brokers. 😀

Buy @ $0.545. Dropped 6ct today after their announcement that one of their charterer will stop chartering for 2 of the vessels. Am taking a risk here. If I interprete the SGX announcement correctly, FSL may have the option to take over the agreement with the charterer’s end customer. Anyway, I sold some of mine too early recently, so, might as well get some now to average down my very expensive old ones. Seller ’17’ – CIMB. 😀

14:05:36 0.540 730,000 Sell Down
14:02:52 0.545 25,000 Buy Up
14:02:02 0.545 1,000 Buy Up
14:01:56 0.545 195,000 Sell Down
14:00:34 0.550 20,000 Buy Up

2:15pm
Buy @ $0.535. Entered too early, looks like got more room to fall! Seller ’29’ – DBSV. So far all locals, most likely shortists at work.

14:15:58 0.540 2,000 Buy Up
14:15:20 0.535 111,000 Sell Down
14:14:19 0.535 20,000 Sell Down

Sell @ $0.60. See if I can do a ‘sell high, buy low’ trade. If not, treat it as clearing old stocks as this one is one of my higher risk counter due to their super high gearing. 😀

Buy @ $0.59. Take risk, buy some more. Seller ’20’ – Phliip.

16:25:32 0.590 17,000 Sell Down
16:19:13 0.590 22,000 Sell Down
15:45:45 0.590 10,000 Sell Down
13:59:01 0.595 5,000 Buy Up
11:01:09 0.595 118,000 Buy Up
10:52:43 0.590 5,000 Sell Down
09:57:45 0.590 187,000 Buy Up

Buy @ $0.595. The balance sheet is a lot less shaky now after their recent few announcements. Take the risk to buy and average down my expensive ones. Seller ’70’ – CLSA. 🙂

Buy @ $0.82. Big sell-down on-going. US$ dropping due to big rescue package by US govt. Seller ’78’ – ML. 😀

Buy @ $0.83. Incredilble 21% yield! With the big financial institutions in US falling one-by-one, there’s a severe credit crucnch and any co. with large debts are being sold down a lot. Am taking big risk here. Will have to sell something (at a loss) to pay for this! 😀

After buying, realised that AIA holds a 11.11% stake in FSL thro’ various Asian and local cos. It may help to explain the 15% drop today as AIA may be facing redemptions from the long queues at their office! It may also explain why MP-REIT also dropped 15% today as they have a 11% stake there (but MP-REIT drop may be due to their association with Macquarie which is also facing a sell-down).

Sell @ $1.07. Decided to contra off as troublesome to xfer funds fm FairPrice acct. Very exciting as few buyers and done in small lots by 3 diff buyers 😀

Buy @ $1.06. See whether can sell in s/t, $$ overstretched now! 😀