Keeping the following links for reference. The recent saga about the arrest of 2 ships under FSL Trust followed by the court writ had led to several relooks at the business structure of FSL Trust. The below 2 links show why the business structure and dividend payout guidance of FSL Trust is unsustainable in the long term. Real cause for concern so fellow vested peops, might be wise to divest taking TA as guidance.
FSL Trust: Where to from here?
I’m a non-business-y person so I’m really poor at understanding business structures and all. People like me tend to adopt a herd mentality – many people say good leh, must be good lah. As I grow older, I realised that many things that are important to survival in society are simply not taught in school – basic law, basic business dealings, to name 2.
Back to FSL Trust. My question really is, if the business model is so unsustainable and the cashflow so unpredictable, what is the Trust manager gonna do about it? Would you let the business you are managing sink? Won’t it really highlight your resume when you apply for subsequent positions in an unforgiving corporate market?
Perhaps I have some misplaced faith somewhere. Learn from others’ mistakes, especially since I really don’t know much about business and finance. So I shall keep a close watch and divest as well – of course, when the right time comes. Not necessarily the right-est time, but the right one. =)
On a side note, here’s another article to share.
