I blogged about FLT in my blog and assessed that it will do well because of the biz strategy and a strong sponsor (Frasers). FLT 1Q 2017 achieved 6.7% higher in revenue as compared to 1Q 2016. DPU improved 7.2 % from 0.83 cents to 0.89 cents.
There is no debt to be restructured for 17 and 18 and gearing is low (less than 30%). I bought FLT units when the trust was in volatility in Dec 17(using FA+TA). The near term risk is the France election and tension between US and North Korea and these black swans will swing the Bull to the bear mode. I will be waiting for the opportunity with my war chest.