20-11-2021, 08:41 AM
Have not examine this particular one.
Many trusts drop 90% a few yrs after listing that be because they load the trust with alot of debt later it has to cut dividends to pay down debt to stabilise it's finances.
Examples are APTV, HPH and FSL all fell 80-90%.
Usually I buy after they fix up the financial problems
Business trusts have been a way to unload assets at overvalued prices to investors.
Many trusts drop 90% a few yrs after listing that be because they load the trust with alot of debt later it has to cut dividends to pay down debt to stabilise it's finances.
Examples are APTV, HPH and FSL all fell 80-90%.
Usually I buy after they fix up the financial problems
Business trusts have been a way to unload assets at overvalued prices to investors.
I, being poor, have only my dreams; I have spread my dreams under your feet; Tread softly because you tread on my dreams.