| Latest Forum Topics / Vard |
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Vard Holdings
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Longtermer
Elite |
28-Jul-2016 21:05
Yells: "A disciplined investor is a wealthy investor" |
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Not sure about the final settlement. Yes, Something is better than nothing. Additional revenue n income.   
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sheerluck
Supreme |
28-Jul-2016 20:26
Yells: "Work for your money first then let your money work for you" |
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http://splash247.com/rem-and-solstad-to-merge/ What does this means for VARD' s 4% stake in REM as compensation under the old restructuring plan? At least REM didn' t go kaput! |
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moron101
Supreme |
28-Jul-2016 19:15
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We build ships. We don't do subsea business.. we don't dig oil nor gas and we have good order books, not affected also.. | ||||
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moron101
Supreme |
28-Jul-2016 10:11
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Be careful all oil & energy counters may test all time lows soon.. | ||||
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NoRiskNoGain
Veteran |
28-Jul-2016 09:41
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Agreed. More headwinds if oil price keep dropping. Hope can collect some at 130+ lev. As mentioned by some.of the forumers here, management is seeking change and most imptly, they have a italiaj mafia ah gong as back up. They will come good when the up cycle come
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Just4win
Supreme |
28-Jul-2016 09:11
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I withdraw my buy queue... oil counters facing massive drop now... esply with Swiber hits with chapter 11. Hv to stay sideline to monitor .... 
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1oopls
Master |
27-Jul-2016 23:17
Yells: "I love my evil cute cute darling" |
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Based on its 2Q results, i can see that Vard is taking good and serious measures to address last year problems. 1. Secured 19 new contracts in 2Q alone. This will bring in good revenue for them in the future. 2. Expansion of skills set, diversification from soley oil and gas 3. Cash from operations became positive this Q compared to the whole of last year. They are begining to generate cash from its operations and reduce cash outlay due to decreased headcount, and shutting down under-utilised yards 4. Profit largely decrease due to the cost-cutting measures implemented, which we are seeing right now. 5. Revenue and attraction for its shipbuilding capabilities are on the reverse trend, with many projects such as ponant on the way for 2H2016. The fall from 2012 to 2015 has given Vard a good slap and a wake-up call. 6. Cash and cash equivilants on hand remain healthy, same as 2015 at 900. 7. Strong backing from the largest Shipbuilding company in Europe (its parent)   |
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Just4win
Supreme |
27-Jul-2016 21:27
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Towards lower end of 0.15x.   Should be reaching soon. 
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NoRiskNoGain
Veteran |
27-Jul-2016 18:15
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What is ur entry price??
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Longtermer
Elite |
27-Jul-2016 17:01
Yells: "A disciplined investor is a wealthy investor" |
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Short term volatility is always there hence no contra play. But the gap up can fast and furious due to good turnaround potential. Looking fwd to Q3 results with good contracts news in between..   Yes, Will load more if presented.       |
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sheerluck
Supreme |
27-Jul-2016 16:55
Yells: "Work for your money first then let your money work for you" |
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Dropped to 15.7cts.  Might consider to add when hit 15cts. |
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Longtermer
Elite |
27-Jul-2016 16:28
Yells: "A disciplined investor is a wealthy investor" |
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  Vard reported losses in the last quarter with costs booked for layoff and cleaning up Brazilian Niteroi yard for good together with provisions for REM Offshore contract cancellation. I think most of the bad news are out and accounted for in the quarter result. This quarter result could be a turnpoint for the company going forward.. The management is steering the company out of the oil storm, transforming itself into a multi capability Marine Co. Not just servicing O& G sectors, they are entering into the new market such as Cruise vessels, Fishery, Treatment Barge and among others. Indeed they have managed to strike 19 vessels contracts total more than 6.2 Billion Kroners in Q2 alone. Total order intake for 1H 2016 is a huge 6.8 Billion Kroner or almost doble the whole of 2015! The management is optimistic to convert another 2 more Cruise ships in Q3 with many other projects still under discussion. Can see good things and hear more good news going forward.. Just want to reiterate that Vard, lead by strong decisive mgtm and a supportive parent company, is probably one of the very few marine companies that will turn around successfully and finally emerge much much stronger inspite of the current challenging market. Current NAV is 0.49c. Current Price 0.16c. Will rate it very good investment for mid to long term. Not recommended for contra play and pls DYOD. Vested much. Cheers.    
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Just4win
Supreme |
26-Jul-2016 13:09
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Sorry,,,   below was not supposed to post here.. wrong counter. I am not vested in Vard yet... will enter if it drops lower ..
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Just4win
Supreme |
26-Jul-2016 12:45
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Yalor.... my shares kept under my pillow.. maybe now got worms already.. was initially hoping for gold or diamond .
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moron101
Supreme |
26-Jul-2016 12:06
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Quietly moving down everyday? | ||||
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granto
Master |
21-Jul-2016 11:28
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Vard lays off entire workforce at Norwegian yard, shuts down Brazilian yard |
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sheerluck
Supreme |
21-Jul-2016 11:18
Yells: "Work for your money first then let your money work for you" |
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Must give credit to this mgmt for their honesty unlike others who keeps painting nice picture when reality is bad.  When they announced the REM cancellation, they already hint on the impact.  Really ended up low EBIT and losses.  So next time reading their announcement carefully helps.  Can' t say the same for some others coy who keeps giving false hope. Now back to their results.  It not nice but as usual, some good out of it.  Brazil Yard Niteroi closed shop -  Hooray!!!!  
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Qanghoo
Supreme |
21-Jul-2016 07:19
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Agree with u.  It' s a whole chain n more that are privy to insider info.  Also share ur earlier post abt Vard' s    transparency.  Just read their press release on latest result.  Seems clear n open to me.  For me, despite the losses, I remain a believer in Vard' s longer term prospects going forward.  If px tank further, maybe good opportunity to collect.  That' s my take.  DYODD as always. 
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sheerluck
Supreme |
19-Jul-2016 16:17
Yells: "Work for your money first then let your money work for you" |
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Short covering is it?  Last mintue shoot up 6pips? |
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Longtermer
Elite |
19-Jul-2016 15:17
Yells: "A disciplined investor is a wealthy investor" |
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What i mean is that only these 2 people know the company best, assess and determine what are needed to be reported every quarter. The rest of the people as you mentioned may know yet " do not know" . This knowledge made sense for those who run companies..  Dont understand and definitely disagree with your last statement, "   A lot of people knows except those who are vested and no near them" .   
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