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Vard Holdings
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victorian2
Veteran |
11-Nov-2016 10:36
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Take a look at Sysma.......consolidating since 2 weeks ago when it traded up to 10c from 7-8c. now back to 8c. Trading at 5.3 cents discount to cash in the bank. Cash per share 13.3c. Healthy pipeline of order book and very tight float.
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moron101
Supreme |
11-Nov-2016 10:29
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Hold up well. Steady. Buy if drops further. | ||||
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Trexxx
Veteran |
11-Nov-2016 09:59
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support at .255 is quite strong |
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anthony_toh
Member |
11-Nov-2016 09:43
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Better run road lo b4 too late | ||||
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Trexxx
Veteran |
11-Nov-2016 09:20
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i will def buy back if it drops back to 23-24c
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victorian2
Veteran |
11-Nov-2016 09:08
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Good for you........ pump and dump before news breaks but strikes to me counter will move to NTA price once they continue to turn things around.
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NoMoney
Master |
11-Nov-2016 09:06
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sold half at 265 later see 10am any improvment o not |
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Qanghoo
Supreme |
11-Nov-2016 08:57
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Brother, u shd be looking at profit attributable to s/holders. I view this as a great stock long term. But going forward over the next few qtrs, execution is important. N like I said we need to drill down to analyse why Q3 is worse than Qs 1 & 2 (is it higher restructuring costs or something else more worrrying, etc). I have faith in management though n the ah gong' s commitment towards making sure that this baby not only gets nursed back to health but above all laying the foundation for its becoming a leading player in the industry. DYODD as always.
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Trexxx
Veteran |
11-Nov-2016 08:56
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i book profit .275 ystd, didnt dare hold till result
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NoMoney
Master |
11-Nov-2016 08:12
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but ya.. after reviewing the chart, it is about time to take profi... once opening there is a small push i might consider to cash out |
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NoMoney
Master |
11-Nov-2016 08:07
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if u look the presentation in powerpoint. comparing 2015 and 2016, there is a huge improvment may be i see it wrongly haha Profit (loss) for the period (NOK million) 3Q 2015 (-845) 3Q 2016 (-104) and 7 under constrution for 2016 17 under construction for 2017 17 under construction for 2018 4 under construction for 2019 Book Order still look healthy |
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BBbull
Senior |
11-Nov-2016 07:02
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Since you bought 100k at 0.21, you should be making a few k profit now. If i were you, would take profit on some if not all the shares. Regarding the takeover, we know as much as you, there is only speculation at the moment. If you have a gut feel that there might be a takeover or if you feel that vard will be able to perform better in the next few quarters, then keep some shares. If not sell all and reinvest the money somewhere safer. All depends on your risk appetite. Cheers!
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Qanghoo
Supreme |
11-Nov-2016 06:06
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Actually, Q316 loss represents worst performance among 3 qtrs for this FY, so need to drill down to ascertain if anything is amiss.
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bishan22
Supreme |
11-Nov-2016 05:57
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Profit loss at 88%.... Better run naked..... |
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CIACIU123
Member |
11-Nov-2016 03:23
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Hello I write from Italy, are not very experienced in trading but these increases continued on the title vard I was advised to invest in this title, having bought 100k with average price of 0.21 do you advise me to do, also in some sites I read that there is a possibility that fincantieri the majority owner of the company will make a tender offer at these prices on the rest. Do you have some news Thank you |
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1oopls
Master |
11-Nov-2016 02:06
Yells: "I love my evil cute cute darling" |
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Just posting my opinion, 1) Report is very transparent, recognising that losses were still made 9M2016, but significantly reduced Year to Year. Revenue is down due to closure of Brazil yard, Earnings before tax and depreciation is positive (Never positive in YA 2014 & 2015). Presentation slide also shows in detail the upcoming yard projects and utilisation in stages the management is undertaking 2) Emphasis on Strong Order Intake in its diversification away from offshore is yielding results. Diversification strategy is still very much ongoing, result is encouraging. 3) Vietnam yard operations doing well, full utilisation expected for 2017. 4) NAV is 0.36 SGD cents most updated The next quater and final Year result may see a positive or close to positive P/L if Q4 is as good as Q3. Its operation in the future will be much less dependent on oil prices as explained in the report. Dyodd |
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1oopls
Master |
11-Nov-2016 01:50
Yells: "I love my evil cute cute darling" |
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Presentation slide here: file:///C:/Users/user/Downloads/Vard_Holdings_3Q2016_Results_Presentation_11Nov16_FINAL.pdf |
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1oopls
Master |
11-Nov-2016 01:41
Yells: "I love my evil cute cute darling" |
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Singapore, 11 November 2016 &ndash Vard Holdings Limited (&ldquo VARD&rdquo , and together with its subsidiaries, the &ldquo Group&rdquo ), one of the major global designers and shipbuilders of specialized vessels, today announced its financial results for the third quarter ended 30 September 2016 (&ldquo 3Q 2016&rdquo ) and nine months ended 30 September 2016 (&ldquo 9M 2016&rdquo ) Steady new order intake from non-offshore markets VARD&rsquo s diversification strategy continues to yield promising results, generating strong order flows in 3Q 2016. A total of seven new contracts were garnered by the Group during the quarter, in addition to the confirmation of an order for four ice-class expedition cruise vessels for French cruise company PONANT &ndash which was previously communicated in the first half of the year (&ldquo 1H 2016&rdquo ). The new contracts include two luxury cruise vessels for Hapag-Lloyd Cruises, an additional order for two Module Carrier Vessels (&ldquo MCV&rdquo ) related to an earlier project for Topaz Energy and Marine (&ldquo Topaz&rdquo ), and a new win from the National Maritime Carrier of the Republic of Kazakhstan, Kazmortransflot, for the design and construction of a further three MCVs. Consequently, VARD&rsquo s new order intake amounted to NOK 3.3 billion in the past quarter, bringing the figure to NOK 10.2 billion for the first nine months of the year &ndash exceeding total new order intakes for each of the prior two financial years (&ldquo FY 2014&rdquo and &ldquo FY 2015&rdquo ). Lower topline but improvement in EBITDA margin VARD reported lower turnover of NOK 1.5 billion in 3Q 2016, representing a 34% decline from 3Q 2015, whereas 9M 2016 revenues came in at NOK 5.7 billion, down 27% from the previous corresponding period (&ldquo 9M 2015&rdquo ). The lower topline is mainly due to reduced workload at the European yards and the close-down of Vard Niteró i in Brazil, where the Group has ceased all shipbuilding activities. EBITDA before restructuring cost rose to NOK 33 million and NOK 101 million in 3Q 2016 and 9M 2016 respectively, versus NOK 467 million negative and NOK 356 million negative in the corresponding periods the year before. EBITDA margins improved to 2.2% in 3Q 2016 and 1.8% in 9M 2016, as compared to negative margins the year before. Restructuring costs of NOK 27 million and NOK 76 million were recognized during the quarter and for the nine-month period respectively. VARD registered a net loss of NOK 104 million in 3Q 2016 and NOK 128 million in 9M 2016, compared to a loss of NOK 845 million in 3Q 2015 and NOK 1.1 billion in 9M 2015. Losses of NOK 80 million and NOK 96 million were attributable to equity holders of the Company for 3Q 2016 and 9M 2016 respectively. This translates to a cumulative loss per share of 1.36 SGD cents for the first nine months of the year, as compared to a loss 7.37 SGD cents the year before. Cash and cash equivalents stood at NOK 525 million as at end September 2016. In terms of debt, total current liabilities decreased from NOK 16.5 billion at 31 December 2015 to NOK 13.1 billion at 30 September 2016, mainly due to a reduction in construction loans following the delivery of nine vessels in the first nine months of the year. Non-current liabilities increased from NOK 1.4 billion to NOK 1.7 billion during the same period. As at 30 September 2016, the Group had an order book of 45 vessels, of which 37, or 82%, will be of VARD&rsquo s own design. Strong yard utilization in Romania and Vietnam reduced exposure to offshore and Brazil In Norway, shipyard activity remains relatively low as several large Offshore Subsea Construction Vessel (&ldquo OSCV&rdquo ) orders have either been delivered, or are in their final stages of outfitting, and cruise vessel hulls will not arrive for outfitting in Norway before the second half of 2017. To utilize excess capacity, the Norwegian yards have also turned to repair, conversion and upgrading work. Temporary layoffs have been undertaken to buffer the effects of low and volatile yard utilization. The Romanian yards on the other hand are seeing an upswing in workload, with 13 of the 20 MCVs for Topaz to be built entirely at Vard Braila and Vard Tulcea. The yards are also seeing a greater amount of work from the sub-delivery of cruise vessel hull sections to FINCANTIERI. Hulls for VARD&rsquo s own cruise vessel projects will be built at Vard Tulcea. Significant investments in increased capacity and capabilities are under way in Tulcea to support the implementation of the new business plan. With a sharp pick-up in activity, both Vard Braila and Vard Tulcea are hiring again, following a period of downsizing and restructuring last year. Vietnam continues to enjoy stable operations, with full yard utilization secured till the end of 2017. Work has commenced for the construction of the seven Topaz MCVs to be built at Vard Vung Tau. The yard is actively collaborating with the Romanian yards in sharing best practices and through joint project management in relation to the construction of the purpose-built MCVs. Following the recent closure of the Vard Niteró i shipyard, VARD is now concentrating all its Brazilian shipbuilding activities on Vard Promar. In August, the Group increased its ownership stake in Vard Promar to 95.15%. This provides for a more balanced financial structure and increases the Group&rsquo s strategic flexibility in Brazil. Meanwhile, work at the yard in relation to the remaining two Liquefied Petroleum Gas (&ldquo LPG&rdquo ) carriers for Transpetro and two pipe-lay support vessels (&ldquo PLSVs&rdquo ) for DOF and Technip is in progress. A major rightsizing process is ongoing at Vard Promar, with a strong focus on cost reduction and organizational development. In VARD&rsquo s equipment and solutions business, Vard Electro clinched new order wins for the provision of electrical engineering services, and the installation of equipment on vessels in the UK and India. In addition, Vard Marine achieved a breakthrough when its design was selected for the US Coast Guard&rsquo s new Offshore Patrol Cutter (&ldquo OPC&rdquo ) program. At the base of VARD&rsquo s aquaculture business in Norway, Vard Aukra secured new contracts and successfully delivered orders for fish feeding and live fish treatment barges during the quarter. Exploration into new segments yields promising results VARD continues to see promise in its diversification strategy, leveraging on its core competencies and relationships to tap on opportunities in non-traditional markets. With six vessels under contract, the Group has made strong inroads into the market for expedition cruise vessels, and the Norwegian yards are now gearing up for the outfitting work on the first projects in this segment. Meanwhile, the Group is actively pursuing leads in the fishery, offshore wind and Offshore Patrol Vessel (&ldquo OPV&rdquo ) sectors. The aquaculture business is also expected to grow, on the back of the recent acquisition of industry solution provider Storvik Aqua in October. In the near term VARD does not expect a significant rebound in demand with respect to vessels for the offshore oil & gas market. The Group continues to work with clients on developing cost effective solutions addressing the industry&rsquo s challenges in a low-oil-price environment, without compromising innovation, performance, quality and safety Roy Reite, Chief Executive Officer and Executive Director of VARD, commented, &ldquo We are heartened that since the launch of our diversification plans at the start of 2016, we have made promising headway in several areas. As we build relationships with new clients and adapt to demands in new markets, we continue to focus on new business development to keep activities at our yards stable and maintain VARD&rsquo s position in a challenging phase for the industry.&rdquo Full website: http://www.shareinvestor.com/news/news.html?source=sg_sgxnet& nid=659877 |
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Qanghoo
Supreme |
11-Nov-2016 01:18
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NOK80 mil net loss vs 486 y/y. |
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victorian2
Veteran |
10-Nov-2016 23:41
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Bright point... have been watching card for over 2 months but never enter.... not even a single lot. Really kick myself. Can only hope my holdings in UPP does a vard soon after a month of consolidation. Should have took some profit there and buy vard when it was 18c. The BBs here really fierce
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