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sheerluck Supreme	01-Aug-2016 21:23        sheerluck About Contact  Quote this Post! Style: Flexible   Mood: Yells: "Work for your money first then let your money work for you"
x 0   x 0  Alert Admin	The value of Vallianz shares at 2.4cts, for Swiber it is only worth US$16mil.  You want to net off US$59mil for US$16mil and you might not even get that price if you unload to the Market.  Anyway, I don' t knwo how JM works so it might.  We will see (or not?) in due time. RedEye1811      ( Date: 01-Aug-2016 19:38) Posted: When it comes to netting receiveables and payables between Vallianz and Swiber I would think - definitely not concrete - the JM would apply prudence and common sense. If the JM goes in hard and says to Vallianz " pay us the full amount of USD62 million but refuses to pay account payable" then this is a double hit to Vallianz and would likely put a strain on it, and if this happens and it causes Vallianz to go belly up then Swiber JM get nothing. Any JM with a brain would need to show prudence and cannot simply think that they can have the cake and eat it all to the detriment of another entity. As Swiber has ownership of 28% in Vallianz then if actions of JM force Vallianz to go belly up then the value of Vallianz shares go to zip and hence Swiber' s stake becomes nothing. A JM with any right mind would not put the squeeze on Vallianz to get ARs and not make any APs if this sends Vallianz shares to zero. Rather, the JM would logically want to ensure that Vallianz survives and in good value so that Swiber' s stake can be sold at a nice price. So it would be more likely to net a majority of related party ARs/APs so Vallianz goes forward and Swiber' s stake maintained. A JM that drives Vallianz shares into ground only shooting themself in foot. But what may be logical may not be what happens in reality. zandlery      ( Date: 01-Aug-2016 19:06) Posted: I think that too.......by regulation, they have to break down separately into receivables n payables. Only when settle the bills with swiber.....how it work will be confirm.....
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RedEye1811 Master	01-Aug-2016 19:38        RedEye1811 About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	When it comes to netting receiveables and payables between Vallianz and Swiber I would think - definitely not concrete - the JM would apply prudence and common sense. If the JM goes in hard and says to Vallianz " pay us the full amount of USD62 million but refuses to pay account payable" then this is a double hit to Vallianz and would likely put a strain on it, and if this happens and it causes Vallianz to go belly up then Swiber JM get nothing. Any JM with a brain would need to show prudence and cannot simply think that they can have the cake and eat it all to the detriment of another entity. As Swiber has ownership of 28% in Vallianz then if actions of JM force Vallianz to go belly up then the value of Vallianz shares go to zip and hence Swiber' s stake becomes nothing. A JM with any right mind would not put the squeeze on Vallianz to get ARs and not make any APs if this sends Vallianz shares to zero. Rather, the JM would logically want to ensure that Vallianz survives and in good value so that Swiber' s stake can be sold at a nice price. So it would be more likely to net a majority of related party ARs/APs so Vallianz goes forward and Swiber' s stake maintained. A JM that drives Vallianz shares into ground only shooting themself in foot. But what may be logical may not be what happens in reality. zandlery      ( Date: 01-Aug-2016 19:06) Posted: I think that too.......by regulation, they have to break down separately into receivables n payables. Only when settle the bills with swiber.....how it work will be confirm...... RedEye1811      ( Date: 01-Aug-2016 18:45) Posted: It may not have stated explicitly in AR that it was Swiber but fairly easy to work it out if read the quarterly reports and not the related party disclosures. If look at Page 19 of Q4 report can see virtually all related party activities that would have led to receivable is to Swiber and its subs with Rawabi being a small fraction. So it still not a major revelation. Just because receivables and payables shown as separate items means nothing. Where is law that must be shown net? They may simply have disclosed it separately for clarity but will eventually be netted. Let us - as you rightly point out - see how the JM works the regulations.
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zandlery Supreme	01-Aug-2016 19:06        zandlery About Contact  Quote this Post!   Mood:
x 0   x 0  Alert Admin	I think that too.......by regulation, they have to break down separately into receivables n payables. Only when settle the bills with swiber.....how it work will be confirm...... RedEye1811      ( Date: 01-Aug-2016 18:45) Posted: It may not have stated explicitly in AR that it was Swiber but fairly easy to work it out if read the quarterly reports and not the related party disclosures. If look at Page 19 of Q4 report can see virtually all related party activities that would have led to receivable is to Swiber and its subs with Rawabi being a small fraction. So it still not a major revelation. Just because receivables and payables shown as separate items means nothing. Where is law that must be shown net? They may simply have disclosed it separately for clarity but will eventually be netted. Let us - as you rightly point out - see how the JM works the regulations.   sheerluck      ( Date: 01-Aug-2016 10:22) Posted: It wasn' t mentioned in the AR that these US$62mil are from Swiber.  That' s the relevation. If the payable can be squared with the receivable, it would have just shown it as a net receviable.  It wasn' t shown as such in the balance sheet for a reason.  If Swiber can' t cough out $26ml on those letters of demands can the cough out $62mil?  But Swiber' s creditors may still be able to claim that US59mil payable.  Let see how the JM pent out.
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RedEye1811 Master	01-Aug-2016 18:45        RedEye1811 About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	It may not have stated explicitly in AR that it was Swiber but fairly easy to work it out if read the quarterly reports and not the related party disclosures. If look at Page 19 of Q4 report can see virtually all related party activities that would have led to receivable is to Swiber and its subs with Rawabi being a small fraction. So it still not a major revelation. Just because receivables and payables shown as separate items means nothing. Where is law that must be shown net? They may simply have disclosed it separately for clarity but will eventually be netted. Let us - as you rightly point out - see how the JM works the regulations.   sheerluck      ( Date: 01-Aug-2016 10:22) Posted: It wasn' t mentioned in the AR that these US$62mil are from Swiber.  That' s the relevation. If the payable can be squared with the receivable, it would have just shown it as a net receviable.  It wasn' t shown as such in the balance sheet for a reason.  If Swiber can' t cough out $26ml on those letters of demands can the cough out $62mil?  But Swiber' s creditors may still be able to claim that US59mil payable.  Let see how the JM pent out.   RedEye1811      ( Date: 01-Aug-2016 08:52) Posted: The trade receivables US62 mill not a huge revelation. As per last annual report would already know it about that. The disclosure you not highlighting is US59 mill payable. Swiber may owe 62 mill but if need to pay them 59 mill then Vallianz not going to be owing much. It is not a case of Swiber getting the cake and eating it all if liquidating.
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zandlery Supreme	01-Aug-2016 17:14        zandlery About Contact  Quote this Post!   Mood:
x 0   x 0  Alert Admin	if vallianz confidenly says this year main contribution from middle east.......possible better result coming?.......we shall see
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zandlery Supreme	01-Aug-2016 12:14        zandlery About Contact  Quote this Post!   Mood:
x 0   x 0  Alert Admin	I guess Swiber prority is not with Viallanz.....they have plenty more debtor like the vendor knocking on the door...... Vallianz announcements feel like move to serve tie.....like sheerluck say before.......cut rope....
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sheerluck Supreme	01-Aug-2016 10:22        sheerluck About Contact  Quote this Post! Style: Flexible   Mood: Yells: "Work for your money first then let your money work for you"
x 0   x 0  Alert Admin	It wasn' t mentioned in the AR that these US$62mil are from Swiber.  That' s the relevation. If the payable can be squared with the receivable, it would have just shown it as a net receviable.  It wasn' t shown as such in the balance sheet for a reason.  If Swiber can' t cough out $26ml on those letters of demands can the cough out $62mil?  But Swiber' s creditors may still be able to claim that US59mil payable.  Let see how the JM pent out.   RedEye1811      ( Date: 01-Aug-2016 08:52) Posted: The trade receivables US62 mill not a huge revelation. As per last annual report would already know it about that. The disclosure you not highlighting is US59 mill payable. Swiber may owe 62 mill but if need to pay them 59 mill then Vallianz not going to be owing much. It is not a case of Swiber getting the cake and eating it all if liquidating. sheerluck      ( Date: 01-Aug-2016 08:22) Posted: Upside from technical rebound. Downside from latest revelation.  Vallianz has US$62mil receivable from Swiber.
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ihsansan Senior	01-Aug-2016 09:52        ihsansan About Contact  Quote this Post! Style: Fundamental   Mood:
x 0   x 0  Alert Admin	think still got power after lunch?go 28 maybe?
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ruready Supreme	01-Aug-2016 09:30        ruready About Contact  Quote this Post!   Yells: "Follow the micro penny , May be this is the last train"
x 0   x 0  Alert Admin	So fast bb take profit Liao, zzzzzz 28 never kena I withdrawn , mind game start , let play, ruready      ( Date: 01-Aug-2016 08:46) Posted: You will see a 28 marching starting at 8.57am before market open, buy buy buy with insider they scout 17-25,
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makdatok Supreme	01-Aug-2016 09:05        makdatok About Contact  Quote this Post!
x 0   x 0  Alert Admin	Woo..really shortsqueeze
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RedEye1811 Master	01-Aug-2016 08:52        RedEye1811 About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	The trade receivables US62 mill not a huge revelation. As per last annual report would already know it about that. The disclosure you not highlighting is US59 mill payable. Swiber may owe 62 mill but if need to pay them 59 mill then Vallianz not going to be owing much. It is not a case of Swiber getting the cake and eating it all if liquidating. sheerluck      ( Date: 01-Aug-2016 08:22) Posted: Upside from technical rebound. Downside from latest revelation.  Vallianz has US$62mil receivable from Swiber.
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ruready Supreme	01-Aug-2016 08:46        ruready About Contact  Quote this Post!   Yells: "Follow the micro penny , May be this is the last train"
x 0   x 0  Alert Admin	You will see a 28 marching starting at 8.57am before market open, buy buy buy with insider they scout 17-25,
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ruready Supreme	01-Aug-2016 08:43        ruready About Contact  Quote this Post!   Yells: "Follow the micro penny , May be this is the last train"
x 0   x 0  Alert Admin	Dubai fund buying , take private opportunity again for Dubai fund, cheap lelong buy Dubai, 22-42 pushing game start , target for Dubai take major ssh , kaka hoooot
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treetops Elite	01-Aug-2016 08:30        treetops About Contact  Quote this Post! Style: Flexible   Mood: Yells: "Moments Today, Memories Tomorrow!"
x 0   x 0  Alert Admin	SINGAPORE (July 29): Some of Swiber Holdings' lenders are pushing for the offshore oil and gas services group to continue its business rather than pursue its plans for liquidation to meet creditor demands, according to people familiar with the talks. The banks are pushing for judicial management in attempts to recover more of their debt exposure to the Singapore-listed company, the people said, asking not to be identified as the discussions are private. zandlery      ( Date: 31-Jul-2016 00:07) Posted: did u know Swiber apply for JM? fierine      ( Date: 30-Jul-2016 23:31) Posted: How much float vallianz in the the market, anyone know? When will the swiber 25% offload into the market? If just sell in open mkt, the price will....
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sheerluck Supreme	01-Aug-2016 08:22        sheerluck About Contact  Quote this Post! Style: Flexible   Mood: Yells: "Work for your money first then let your money work for you"
x 0   x 1  Alert Admin	Upside from technical rebound. Downside from latest revelation.  Vallianz has US$62mil receivable from Swiber.
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treetops Elite	01-Aug-2016 08:07        treetops About Contact  Quote this Post! Style: Flexible   Mood: Yells: "Moments Today, Memories Tomorrow!"
x 0   x 0  Alert Admin	Today 99% go up. Swiber no shut down. lol
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zandlery Supreme	31-Jul-2016 00:07        zandlery About Contact  Quote this Post!   Mood:
x 0   x 0  Alert Admin	did u know Swiber apply for JM? fierine      ( Date: 30-Jul-2016 23:31) Posted: How much float vallianz in the the market, anyone know? When will the swiber 25% offload into the market? If just sell in open mkt, the price will....
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fierine Member	30-Jul-2016 23:31        fierine About Contact  Quote this Post!
x 0   x 0  Alert Admin	How much float vallianz in the the market, anyone know? When will the swiber 25% offload into the market? If just sell in open mkt, the price will....
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zandlery Supreme	30-Jul-2016 16:35        zandlery About Contact  Quote this Post!   Mood:
x 1   x 0  Alert Admin	that u have to ask the BB.........I' m more on long term invest on this one....... of cos if BB want to pump it back to previous price I am more than happy......I have much loss on paper in this stock....... I might have interest but not gonna shout huat arh.......Monday will rise like no tmr.....that kind of stuff......... Punt at your own risk...... nngeeh      ( Date: 30-Jul-2016 16:27) Posted: Will BB use this opportunity to pump up the share next week? In mid term, i agreed that it' s better to stand on othe sideway .... the storm is definitely not over. Retailers will follow BB ... if they pump up .... they will chase. Short term .... it' s BB. Mid term .... i think it' ll go back to this level ... long term... it' ll depends on oil and result. I' m interested in the movement for next week? zandlery      ( Date: 30-Jul-2016 16:18) Posted: I feel the shit storm is not over yet.......I guess investor still standing by to see how it going to unveil......investor confidence still not there yet........ if coming result shown bad impact from Swiber saga....it might go further down........ Don' t take my words......get all info and decide yourself
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nngeeh Veteran	30-Jul-2016 16:27        nngeeh About Contact  Quote this Post!
x 0   x 0  Alert Admin	Will BB use this opportunity to pump up the share next week? In mid term, i agreed that it' s better to stand on othe sideway .... the storm is definitely not over. Retailers will follow BB ... if they pump up .... they will chase. Short term .... it' s BB. Mid term .... i think it' ll go back to this level ... long term... it' ll depends on oil and result. I' m interested in the movement for next week? zandlery      ( Date: 30-Jul-2016 16:18) Posted: I feel the shit storm is not over yet.......I guess investor still standing by to see how it going to unveil......investor confidence still not there yet........ if coming result shown bad impact from Swiber saga....it might go further down........ Don' t take my words......get all info and decide yourself
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