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25-Mar-2015 22:55

Ocean Sky Intl / Ocean Sky could be the next multiplier

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The staus got upgraded from MOU to SPA. In term of progress is good news. However, it also provided for the first time, some financial figures of LINK. Most developers in SG trade below their NAV and way below their RNAV. LINK is value at 4 times NTA. Can property play experts shares their view?

Liverpool77 ( Date: 25-Mar-2015 17:47) Posted:

Bro Sheerluck...latest news come out as below, is it a good news?

(1) PROPOSED ACQUISITION OF THE ENTIRE ISSUED AND PAID-UP CAPITAL OF LINK (THM) HOLDINGS PTE. LTD.

(2) PROPOSED CONSOLIDATION OF EVERY TWO (2) ORDINARY SHARES INTO ONE (1) ORDINARY SHARE, FRACTIONAL ENTITLEMENTS TO BE DISREGARDED.

sheerluck ( Date: 25-Mar-2015 13:11) Posted:

Seems like someone got the upper hand again.

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25-Mar-2015 13:11

Ocean Sky Intl / Ocean Sky could be the next multiplier

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Seems like someone got the upper hand again.

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24-Mar-2015 09:36

Vard / Vard Holdings

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The run continues.....

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23-Mar-2015 18:05

Vard / Vard Holdings

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A strong rebound today!

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21-Mar-2015 16:12

Vard / Vard Holdings

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Love to give VARD a vote of confidence but they really sucks at controlling cost overrun in their Brazilian yards. Depressing oil price is adding salt to wound. Anyway, let Q1 results doing the walking.

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21-Mar-2015 10:29

Vard / Vard Holdings

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VARD staged a remarkable recovery from Thursday sell-down. But given that there are higher chances of bad news than good news coming, I will wait. Also analysts will ask you to hold but when VARD releases bad results, they will downgrade it and lower TP and price would react so fast so furious that it will be too late because houses would have already acted. Already sabot retailers twice liao.

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19-Mar-2015 14:05

Southern Arch / When Blumont will back again?

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https://www.youtube.com/watch?v=chbjc-XDKLw

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19-Mar-2015 12:50

Vard / Vard Holdings

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Bro, first I hope VARD is not a big portion of your portfolio. Second I hope you have been tracking their business performace and financial.

My view: chances of VARD going bankrupt is pretty low.

For VARD to turnaround, it needs at least the followings:

A) sharp increase in oil demand to spur oil production.

B) cost overrun control in Brazilian yards.

There is nothing much VARD can do on (A). They have control on (B) but not been very good at it. If VARD can find buyers for those two vessels, it should help to slow down the price fall.

Fincantieri needs alot less money to take VARD private now. The possibility is there.

That' s quite a bit of monies you have put into VARD so evaluate your options carefully.

Good luck!

samurai_jack ( Date: 19-Mar-2015 12:25) Posted:

I have 100K Vard @ 1.00

Pls share views on what is the worst scenario if I long?

Can VARD go bankrupt?

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19-Mar-2015 11:05

Vallianz / Will it Break 10cents again???

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Waiting for vallianz to enter the 3cts zone......

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19-Mar-2015 10:47

Vard / Vard Holdings

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My views on Fincantieri taking VARD private about a year ago. VARD is trading at 35% discount to book. If the price depress further Fincantieri should seriously look into taking it private.

sheerluck ( Date: 07-May-2014 11:18) Posted:

Fincantieri will want VARD to declare more dvidend because Fincantieri will still be 51% owned by the Italian govt and they need $$$ to reduce their trillion national debt. Taking VARD private is not impossible but will need to throw out 300-370mil euros from $1-$1.22 to eat up the remaining shares. Not sure if they are willing to fork out the cash upfront given the the main objective is to reduce debt.

Another possibility. When VARD has mostly recovered from its Brazilian problem, with its order book and prospect, sell it to private investment. This is pretty much like what Swiber did with Kreuz. Sell asset to raise cash to reduce debt (oh not sure if Swiber did reduce debt).

Possible?

DYDD.

MtFaber ( Date: 07-May-2014 10:59) Posted:

Vard may become a milking cow for Fincantieri if it is listed just like STX OSV for STX Group. They may declare more dividends since Fincan is the majority shareholder!

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19-Mar-2015 10:42

Vard / Vard Holdings

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While I am very concern that VARD is going to hand in a big red report card for coming Q1, if the price got depress low enough, it might be a good target for the Italians to take it private as what KE analyst said although recommending a hold with TP 58cts is really BS. VARD keep repeating history and KE keep repeating their tactics.

taxiuncle ( Date: 19-Mar-2015 10:07) Posted:

Luckily STX sold this away to the Italian.......perhaps next time they buy it cheaper back......All time low again

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19-Mar-2015 09:58

Vard / Vard Holdings

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Toh liao. If 39cts breaks, hell loose....

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18-Mar-2015 15:53

Medi Lifestyle / IEV - decent results and promising developments

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Must change the title to " IEV - [in]decent results and [un]promising developments" ...

bryancbq ( Date: 18-Mar-2015 15:28) Posted:

8.5c.

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18-Mar-2015 14:40

Nam Cheong / Nam Cheong

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NC must be lighter than oil. Otherwise why all sink but NC float?

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18-Mar-2015 11:44

Vallianz / Will it Break 10cents again???

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I have an entry price for Vallianz of about 4.1-4.2cts but realising that it is taking over Swiber' s asset, I need to further discount its books. Also it falls faster than I expected and the macro environment is still sagging.

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18-Mar-2015 11:40

Vard / Vard Holdings

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No pun intended.

COGS alone is a high 78% of revenue due to challenging Brazilian Yards which is forever on-going and wages are increasing. Now with order cancellations and analyst not ruling out more cancellation to come. Also in theory they cannot recognise the revenue for those two vessels until they sold them even though they said they are confident they can sell them as risk has not been passed to the client. They may also need to writeback some revenue from last year.

Can' t see any positive factors. Maybe I missed out something.

Qanghoo ( Date: 18-Mar-2015 11:17) Posted:

Seems some pun in ur post hah?

sheerluck ( Date: 18-Mar-2015 11:15) Posted:

Based on my estimates, VARD needs a revenue of NOK15.5bil to breakeven for FY2015. Its better years only see about NOK13bil.

In short VARD is heading into a ice-berg!!!!!!!! Hope its Ice-classed vessels are prepared for it.

DYDD.

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18-Mar-2015 11:15

Vard / Vard Holdings

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18-Mar-2015 10:08

Vard / Vard Holdings

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There will always be a new " low time low" .

taxiuncle ( Date: 18-Mar-2015 10:05) Posted:

Wow..all time low now......

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18-Mar-2015 10:03

Nam Cheong / Nam Cheong

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Durains dropped from trees. DId you pick or were you hit?

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17-Mar-2015 12:54

Ellipsiz / UOBkh give BUY CALL 17.1cents??

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Let' s see:

Top 20 Shareholders as at 8 September 2014
Number of % of issued
No. Name of shareholders shares share capital
1 Chan Wai Leong 60,135,177 10.88
2 Chong Fook Choy 56,456,448 10.21
3 Phillip Securities Pte Ltd 21,101,186 3.82
4 OCBC Securities Private Ltd 16,012,333 2.90
5 Tan Tai Wei 12,616,000 2.28
6 Maybank Kim Eng Securities Pte Ltd 10,558,666 1.91
7 DBS Nominees Pte Ltd 9,367,133 1.69
8 Lim & Tan Securities Pte Ltd 9,096,000 1.64
9 UOB Kay Hian Pte Ltd 7,286,000 1.32
10 Chew Shit Fun 5,317,000 0.96

11 Lu Zu Liang 5,138,000 0.93
12 OCBC Nominees Singapore Pte Ltd 5,028,593 0.91
13 United Overseas Bank Nominees Pte Ltd 4,593,937 0.83
14 Ip Yuen Kwong 4,257,000 0.77
15 CIMB Securities (Singapore) Pte Ltd 4,200,000 0.76
16 Teo Choon Hiang 3,992,000 0.72
17 Amfraser Securities Pte. Ltd. 3,900,000 0.71
18 Raffles Nominees (Pte) Ltd 3,586,000 0.65
19 Maybank Nominees (Singapore) Pte Ltd 3,520,000 0.64
20 Bank of Singapore Nominees Pte Ltd 3,388,666 0.61
Total 249,550,139 45.14

UOB KayHian hold only 7mil shares alot lesser than other houses. UOBKH doing them a favoour then. I think they are quite sincere.

Wow this stock used to trade at $1 in 2007!

papayaface ( Date: 17-Mar-2015 12:30) Posted:

So there is still good profit as UOBKh wont sell until 17 cts da? Huat ah. Good luck.

sheerluck ( Date: 09-Mar-2015 18:32) Posted:

Should be read as UOBkh calling you to buy from them at 17.1cents. They can' t wait to unload to you.

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