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NOK 14 billion is the outstanding orders as at end of 2Q2013.
prolix ( Date: 11-Aug-2013 14:08) Posted:
I think you are confusing two different things? One is amount of orders year to date, the other is current order book value (the orders inside might have been put in before this year). Not too sure also, just came to my mind. Please correct if wrong, thanks.
WanSiTong ( Date: 11-Aug-2013 07:03) Posted:
| Interesting! Why the figures are different? |
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Interesting! Why the figures are different??
WanSiTong ( Date: 11-Aug-2013 07:01) Posted:
According to Vard's 2Q2013 SGX Financial Announcement, Para 10. Prospects :
At the end of the second quarter of 2013, the order book value amounted to NOK 14.0 billion.
rabbitfoot ( Date: 10-Aug-2013 19:10) Posted:
| This is interesting cause I have their mgnt interview rep and they confirmed (yes, this is THE word they used) that by end 2013, it will be 12 b nok against expected 10 b nok. |
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According to Vard's 2Q2013 SGX Financial Announcement, Para 10. Prospects :
At the end of the second quarter of 2013, the order book value amounted to NOK 14.0 billion.
rabbitfoot ( Date: 10-Aug-2013 19:10) Posted:
This is interesting cause I have their mgnt interview rep and they confirmed (yes, this is THE word they used) that by end 2013, it will be 12 b nok against expected 10 b nok.
SFGuyRuleZ ( Date: 10-Aug-2013 18:55) Posted:
| Is it? I thought is around NOK 4 billion plus, according to their reports. Next contract wins if accurate would be around NOK 6 billion, once again according to what they said (not me..).
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Yeah, Vard 2Q13 results released on 11/7
rabbitfoot ( Date: 10-Aug-2013 08:29) Posted:
Has Vard released its Q2 results ? If not, when ? Thanks
SFGuyRuleZ ( Date: 10-Aug-2013 05:50) Posted:
| I may not be correct in the disclosure of changes in shareholdings part. Maybe some other forum members can explain and clarify. I have no idea why the figures can't tally in the documents..
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Must be something major !!? Financial results will be out on 14/8
WanSiTong ( Date: 09-Aug-2013 22:18) Posted:
still no news ??
oldbirdy ( Date: 07-Aug-2013 19:35) Posted:
| Till now still no news. .... cham liao. .. !!!! |
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still no news ??
oldbirdy ( Date: 07-Aug-2013 19:35) Posted:
| Till now still no news. .... cham liao. .. !!!! |
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Ya , one here & another one at Daily Short Sell Report
PauloGan ( Date: 07-Aug-2013 06:20) Posted:
Feng, post your link in 1 thread is enough. Don't be be too impatient about gaining Supreme status.
gufeng88 ( Date: 06-Aug-2013 23:12) Posted:
| Short sell orders executed on 06 August 2013
http://www.sgx.com/wps/wcm/connect/sgx_en/home/market_info/short_sale/short_sale_daily/DailyShortSell20130806.txt
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Alamat! After I come back from my few days holiday, so many things happened in SJ!
I enjoy reading Bro SFGuyRuleZ posts as his views are always backed with facts and knowledge, Everyone is here for knowledge and also to share and learn.
@ SFGuyRuleZ : Don't fall into the trap set by those people. They will be happy if you leave. I am sure most of the forumers here do not want to see you leave. Promise me not to leave. Those who buay song should leave instead.
prolix ( Date: 09-Aug-2013 02:44) Posted:
SFGuyRuleZ, hope I manage to catch you before you leave. I may not have said much in the last few months but I've read most of your posts and I have always found them well researched and well thought out. You may be right or you may be wrong, but no one can know till a few months/years down the road. Whatever the case, god knows you have given a good and well reasoned perspective. Wish you all the best bro.
To those who love to shoot off their mouths: if you really want to show how clever you are, throwing a few one-liners around isnt going to help. You may have a different view - if so, share it! Most of us here want to hear the views of others - so long as it is based on facts or on some logical reasoning. True, no one can stop you from saying what you want, but keep in mind that whatever you say will simply reflect what sort of person you are.
SFGuyRuleZ ( Date: 08-Aug-2013 18:18) Posted:
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I know some
people don’t like “grandfather stories”, but just let me wrap some things up
before I leave.
@alexchia01
– Once again, I am not trying to justify why I am still holding it and neither
am I trying to psycho people to buy this and “die” together with me. And as I
also mentioned before, I don’t just invest in this stock, but I have the
capital and time to wait for this stock. You are right to say that a counter
may take a long time to recover, but you to have access the situation as what
causes the “recovery phase”. For container shipping and logistics counters like
NOL or Cosco, or other manufacturing or precision engineering counters for
example, it is the overall macro outlook which is not good and when their
earnings and profitability starts to be affected, it may take a long time for
them to recover. In the case of this Vard, it is a result of expansion and
pioneering attempts which leads to it’s margins being affected. The company is
seeking growth but albeit faces some setbacks. It is overall still profitable
in other geographical areas. Once again, as I mentioned before, it is short
term pain for long term gain. Just because it’s fundamentals or earnings are
not good now doesn’t mean it won’t be in the future. Vard’s fundamentals were
also fantastic (intrinsic value of 3.3) for FY2011, but look at where it is
heading now. If you invest purely just base on the fundamentals now and fail to
take into account future prospects, this is just not too correct in my opinion.
Those who choose to invest now is typical of high risk high gain. Once this
counter is on it’s way to recover, it’s price will no longer be at this level
=> translating to low risk low gain. Once again, depending on your capital
and risk appetitie, you can choose to be kiasu or kiasi (like what shareflux
once said). Your money your call..
@warrenbeggar
– Thanks for understanding and trying to defend me. I definitely hold on to
this stock because I can see the potential for it. I always speak up when
stocks are on a downtrend because I feel it is times like these when people
need to be clear-headed and they need certain information or analysis for
guiding their actions. I am not saying my analysis is correct all the time, but
at least I offer some thoughts and people can always debate and discuss also.
Ultimately, is for the good of everyone. How people choose to see me I am not
too bothered anymore. As I said before, I have been true to myself and others.
Lastly,
@student (I dunno where is he now) – Always feel the need to applogise to you
because I know despite the words and tone you use, I know you have good
intentions. But at that time when you keep saying STX OSV will plunge, up to
now at that point of time, I still don’t agree with what you said. 1.22 is
actually a strong support, and I bought at 1.24 is because I also thought is
cheap enough. If you have backed ur views with the fact that Brazil shipyard
could possibly face more problems, I would have accepted. But since you base it
just on the price movement of chart, I was not too agreeable. In the end, nothing
is certain. Both of us could have been right and wrong at that time. Once
again, my applogies to you..
I am not
being an emotional person and base entirely on my feelings to buy or hold
stocks. I have every intention and purpose as to why I buy and hold certain
stocks. I apply this mentality to life also, for why I do certain things or
actions. Even if is long-winded or grandfather story, I will still want to post
this for my last post, as I have always felt the need to be responsible. Great
knowing many forum members here, like Warrenbeggar, WanSiTong, Blanchard,
Wendel, Heavenknow, JarolLo, Simpsons, Mtfaber, Peter_Pan, GorgeousOng, Halleluyah,
newagetrader, Ozone2002, ethanetoh, prolix, etc… (hope I didn’t leave anyone
out). Whether trade or invest, do so carefully and wish everyone else all the
best in their future endeavors. Wish all Muslim friends Selamat Hari Raya and
all Singaporeans a happy National Day!! Cheers..
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Not strong! I mean BIG! lol
Big not necessary strong.
WanSiTong ( Date: 02-Aug-2013 10:12) Posted:
There is 11 members sit in the Board. Seldom see other Co. with such a strong group !
orangejuice01 ( Date: 02-Aug-2013 10:06) Posted:
Hello Rosesyrup,
Great to hear someone like yourself who has the Visions and able to Chart the future for a " corporate enterprise" .
Ask those Directors sitting on the board why should not they done it decade ago....Would rather see people like you sit on the board than.....
Lost investment money and feel very sore every time when the blame games were pointing to mechanical, tracks, workers, inter-agency etc. except those that are charged with overseeing and directing the strategic vision and mission of the corp.
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There is 11 members sit in the Board. Seldom see other Co. with such a strong group !
orangejuice01 ( Date: 02-Aug-2013 10:06) Posted:
Hello Rosesyrup,
Great to hear someone like yourself who has the Visions and able to Chart the future for a " corporate enterprise" .
Ask those Directors sitting on the board why should not they done it decade ago....Would rather see people like you sit on the board than.....
Lost investment money and feel very sore every time when the blame games were pointing to mechanical, tracks, workers, inter-agency etc. except those that are charged with overseeing and directing the strategic vision and mission of the corp.
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Wa, Jim Rogers number 2 ! 
Simpsons ( Date: 01-Aug-2013 23:03) Posted:
Equities generally is still cheap and other than blue chips..not many 2nd liners stocks so hopefully vard with ita fundamental can go up to $1..then $1.5..then..$2...then $2.5..then $3...
I intend to leave the shares for children and children's children..lol |
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Agreed with you, Bro.
With sound fundamentals, " you know I know" this counter will definitely rise back one fine day.
Cheers !!
SFGuyRuleZ ( Date: 01-Aug-2013 22:10) Posted:
I definitely don't just invest in this counter. But i have the capital to invest and wait for this counter. Besides, opportunity cost is provided you can confirm make money from others when you don't leave your money here. But how sure are we? Nothing is certain. I do not know about others, but I have personally discovered myself that throughout all these years, if you can hold for stocks which you see potential growth and good fundamentals, you will definitely earn much more.. I am just speaking for myself.
Cutting loss in the case of Vard would have been smarter, but no one can predict when the bleeding will stop. I personally never expected the plunge to be so big. I am not saying cutting loss is not important. During the financial crisis 2008, Keppel drop from about 10 dollars to 3 dollars. Not just Keppel but almost all stocks. Cutting loss in a market crash is of course important. But for Vard this time round, is really a 50-50 bet.
Averaging down is risky but if you believe in the fundamentals of that stock and you can afford to lose that capital in the most worse case scenario, by all means, take that leap of faith and go ahead. Averaging down for e.g, penny stocks that have no fundamentals would of course be extremely dangerous and not advisable..
Average down or cut loss, invest long-term or short-term, trade or speculate or invest, short or long, etc..., it really has to do with one's capital, time horizon, risk appetite, style, judgements,etc... Everyone should also do their own homework and don't just listen or invest blindly. Even when it comes to valuations, like what Bro Jomini said, different analysts view the company differently and may use different valuations and discount factor or PE ratio. Please trust yourself and listen to your own gut feeling and analysis.
I assume Sis Gorgeous you are not vested in this counter le. But wish you all the best in other counters. Cheers!! 
GorgeousOng ( Date: 01-Aug-2013 21:50) Posted:
If you keep holding on it....what about your opportunity cost.. You could have made a lot more from other counters. Give it a thought.
Cheers |
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Old news!
Hawkeye ( Date: 01-Aug-2013 11:43) Posted:
Vard falls into the red
Offshore shipbuilder Vard has reported a loss of NOK44m ($7.2m) in the second quarter 2013, down from a profit of NOK278m in the same period last year.
The first half earnings stood at NOK136m, a 75% drop on 2012's NOK548m. Cashflow has also tumbled in the first half from NOK1bn in 2012 to a negative NOK277m in 2013. Cash and cash equivalents have fallen to NOK2bn on 30 June this year, down from NOK3.3bn on the same date in 2012.
Second quarter revenues at Vard have fallen 11.7% year on year to NOK2.9bn, EBITDA was also down 73% to NOK121m for the quarter from NOK460m in Q2 2012.
While the second quarter saw the delivery of eight vessels, contracts were secured for just three, with no orders signed for the group's Brazilian and Vietnamese yards. The group's orderbook stands at 41 vessels as at 30 June 2013, with a total value of NOK13bn.
Vard's Brazilian yard, Vard Niterói, continues to suffer from high personnel turnover, delays, budget overruns and a dependency on outsourced hull construction. The company expects that the overload situation at the yard will be reduced from the fourth quarter of this year as a result of mitigating actions currently underway.
Vard Promar, the group's other Brazilian yard, has commenced operations on schedule, cutting its first steel in June 2013. Construction of the yard is expected to be completed in the third quarter of this year.
The problems in Brazil are isolated from the rest of the group, with Romania enjoying a high workload and Norway delivering several projects. Utilisation at Vietnam is suffering however, as the yard recently delivered the penultimate vessel in its orderbook.
Looking foward the company is upbeat about new contract potential for the second half of the year, expecting fewer orders for higher value vessels. A focus will be put on securing new orders for the Vietnam yard, as well as managing the high workload in Romania.
© Copyright 2013 Seatrade Communications Limited. Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Seatrade Communications Limited.
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Your one old news!
WanSiTong ( Date: 24-Jul-2013 09:36) Posted:
July 23, 2013
Fincantieri Triples First Half 2013 Operating Results
Strong Growth Thanks to Acquisition of VARD
By MarEx
The Board of Directors of Fincantieri met today, July 23, 2013 to examine the Group's performance in the first half of 2013:
On 23 January, Fincantieri completed the acquisition of a controlling interest (50.75%) in STX OSV (now renamed Vard), and raised its stake to 55.63% after the completion of the mandatory tender offer made under the rules of the Singapore Stock Exchange. Vard is the world leader in the construction of support vessels for oil and gas extraction and production. The acquisition is part of the strategy to diversify and internationalize the Group’s operations toward businesses and geographical areas with higher growth and profitability prospects. This acquisition doubles the Group's size to some euro 4 billion in annual revenues and approximately 20,000 employees, in 21 shipyards located in 3 different continents, and allows the Group to positionitself as leader in all the high value-added and high-potential segments of the shipbuilding industry.
The first half of 2013 reports an EBIT of euro 101 million (euro 34 million at 30.06.2012), an EBITDA of euro 137 million (euro 68 million at 30.06.2012) and revenues of euro 1,934 million (euro 1,233 million at 30.06.2012). These positive operating results have been obtained in a market environment that remains challenging despite some initial signs of recovery, and have benefited from the first-time consolidation of the Vard group effective from 23 January 2013.
heavenknow ( Date: 24-Jul-2013 00:09) Posted:
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This is the latest news! your one is ols news which posted on 2 or 11 of July.
WanSiTong ( Date: 24-Jul-2013 09:38) Posted:
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The Board of Directors of Fincantieri met today, July 23, 2013 to examine the Group's performance in the first half of 2013:
On 23 January, Fincantieri completed the acquisition of a controlling interest (50.75%) in STX OSV (now renamed Vard), and raised its stake to 55.63% after the completion of the mandatory tender offer made under the rules of the Singapore Stock Exchange. Vard is the world leader in the construction of support vessels for oil and gas extraction and production. The acquisition is part of the strategy to diversify and internationalize the Group’s operations toward businesses and geographical areas with higher growth and profitability prospects. This acquisition doubles the Group's size to some euro 4 billion in annual revenues and approximately 20,000 employees, in 21 shipyards located in 3 different continents, and allows the Group to positionitself as leader in all the high value-added and high-potential segments of the shipbuilding industry.
The first half of 2013 reports an EBIT of euro 101 million (euro 34 million at 30.06.2012), an EBITDA of euro 137 million (euro 68 million at 30.06.2012) and revenues of euro 1,934 million (euro 1,233 million at 30.06.2012). These positive operating results have been obtained in a market environment that remains challenging despite some initial signs of recovery, and have benefited from the first-time consolidation of the Vard group effective from 23 January 2013. |
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