Back

Latest Forum Topics / Vard

Post Reply

Vard Holdings Post Reply Rate topic
SFGuyRuleZ Veteran	26-Jul-2013 10:09        SFGuyRuleZ About Contact  Quote this Post! Style: Combined   Yells: "You are your own master.."
x 0   x 0  Alert Admin	Wah, I also hope so but doesn't seem like lei. Seeing the progress of these few days looks more like it is on it's way to form a fry pan bottom. Gotta wait longer for that unless later it really rally, which I  feel is abit difficult now based on the current buy and sell queue. Maybe will have miracle?? Peter_Pan      ( Date: 26-Jul-2013 07:25) Posted: Looking forward to the strong rebound. Investing time is here.
Useful To Me  Not Useful To Me
Peter_Pan Supreme	26-Jul-2013 10:09        Peter_Pan About Contact  Quote this Post! Style: Flexible   Mood: Yells: "kopi-o siu dai mai hum!"
x 0   x 0  Alert Admin	Hosay liao Vard!
Useful To Me  Not Useful To Me
SFGuyRuleZ Veteran	26-Jul-2013 10:04        SFGuyRuleZ About Contact  Quote this Post! Style: Combined   Yells: "You are your own master.."
x 0   x 0  Alert Admin	Yeap, based on group.. I get 0.56 because i exclude intangible assets.. WanSiTong      ( Date: 26-Jul-2013 05:33) Posted: should be based on group. matrixxx      ( Date: 26-Jul-2013 04:32) Posted: sorry bro, but how do you get the NAV at 0.56? From the latest results, the NAV under the group is 0.62, and the NAV under the company is 0.52 Net assets value per ordinary share (SGD) GROUP -0.62 , COMPANY -0.52 ------- taken from SGX result release. Btw any bro here can advises, we need to use which NAV for guide, the company's NAV or the Group?   Thanks for helping out
Useful To Me  Not Useful To Me
leewankiat Member	26-Jul-2013 08:25        leewankiat About Contact  Quote this Post!
x 0   x 0  Alert Admin	Really hope this counter will pick up soon..
Useful To Me  Not Useful To Me
Peter_Pan Supreme	26-Jul-2013 07:25        Peter_Pan About Contact  Quote this Post! Style: Flexible   Mood: Yells: "kopi-o siu dai mai hum!"
x 0   x 0  Alert Admin	Looking forward to the strong rebound. Investing time is here.
Useful To Me  Not Useful To Me
WanSiTong Supreme	26-Jul-2013 05:33        WanSiTong About Contact  Quote this Post!   Mood:
x 0   x 0  Alert Admin	should be based on group. matrixxx      ( Date: 26-Jul-2013 04:32) Posted: sorry bro, but how do you get the NAV at 0.56? From the latest results, the NAV under the group is 0.62, and the NAV under the company is 0.52 Net assets value per ordinary share (SGD) GROUP -0.62 , COMPANY -0.52 ------- taken from SGX result release. Btw any bro here can advises, we need to use which NAV for guide, the company's NAV or the Group?   Thanks for helping out SFGuyRuleZ      ( Date: 25-Jul-2013 11:02) Posted: Based on first half results 2013 for now, net book value (excluding intangible assets)/ share   = 0.56 DCF valuation based on discount factor 0.12 and assume no growth (positive or negative), letting g = 0, intrinsic value/ share  ~= 0.46. Fair value / Target Price = ?? (You decide..)   SFGuyRuleZ's target price for now = 0.89. Jacelin84's target price = 0.69. Hawkeye's target price = 0.5 Market's target price = ???????? Cheers!!
Useful To Me  Not Useful To Me
matrixxx Senior	26-Jul-2013 04:32        matrixxx About Contact  Quote this Post!
x 0   x 0  Alert Admin	sorry bro, but how do you get the NAV at 0.56? From the latest results, the NAV under the group is 0.62, and the NAV under the company is 0.52 Net assets value per ordinary share (SGD) GROUP -0.62 , COMPANY -0.52 ------- taken from SGX result release. Btw any bro here can advises, we need to use which NAV for guide, the company's NAV or the Group?   Thanks for helping out SFGuyRuleZ      ( Date: 25-Jul-2013 11:02) Posted: Based on first half results 2013 for now, net book value (excluding intangible assets)/ share   = 0.56 DCF valuation based on discount factor 0.12 and assume no growth (positive or negative), letting g = 0, intrinsic value/ share  ~= 0.46. Fair value / Target Price = ?? (You decide..)   SFGuyRuleZ's target price for now = 0.89. Jacelin84's target price = 0.69. Hawkeye's target price = 0.5 Market's target price = ???????? Cheers!!
Useful To Me  Not Useful To Me
p0emmm Member	26-Jul-2013 04:06        p0emmm About Contact  Quote this Post!
x 0   x 0  Alert Admin	Looks like this counter is gonna pick up some steam really soon :D WanSiTong      ( Date: 25-Jul-2013 16:33) Posted: Huat ah ! Orders will be the trigger few large ones might be announced soon: MER expects Petrobras orders and a few OSCV orders to be announced soon, which should lead to street upgrades of 2014 and 2015 profit estimates. MER has an Outperform rating on Vard and a 12-month target price of $1.82. CitizenBeng      ( Date: 25-Jul-2013 14:33) Posted: In a research report released at end May, Macquarie Equities Research (MER) commented that most investors they met seem to appreciate that the stock looks quite attractive at current valuations and market expectations have upside risk. MER believes that orders will be the trigger and believes a few large ones may be announced soon. Below are the excerpts from the research note MER published on 28 May after meeting with investors and Vard’s management on a road show in Hong Kong: Order guidance of “at least” NOK12bn: Street is estimating NOK10bn-11bn of orders in 2013. MER thinks VARD is set to surprise the street. - Approximately NOK4.5bn of orders already done - Expecting a minimum of NOK12bn which could go up to NOK15bn - Expecting OSCV market strength to continue - Expecting a few customized large hybrid vessel orders - Expecting AHTS market to bounce strongly in 2H13 - Expecting 1-4 Petrobras vessel orders to the tune of NOK1.5bn-5bn Brazil issues are limited to 4 vessels under control by end-2013: Out of the five vessels, one was delivered last week while execution is on track for other four to be delivered on time as per the new schedule. Staff has been brought over from Romania and Norway, while some work has been outsourced. Management changes have also been done at the Brazil yard. Competition will intensify, but Vard staying ahead in the race through investments in technology: More than the Chinese yards, Vard sees Korean and Japanese yards as a threat as they become more desperate due to lack of orders in their core markets. But MER thinks Vard is keeping ahead in the race through innovation and technology (like recent expansion in Romania and Vietnam yards to be able to build more customized and large vessels). New owner a better fit has ambitions to grow the company: The new owner is taking active interest in growing the company, as indicated by the new investments in Romania and Vietnam. In addition, the new owner has yards in the US and Middle East, where Vard has no presence, and can now expand its reach Action and recommendation Investors bottom-fishing: Most investors MER met seem to appreciate that the stock looks quite attractive at current valuations and market expectations have upside risk, but seem to be bottom-fishing. Orders will be the trigger few large ones might be announced soon: MER expects Petrobras orders and a few OSCV orders to be announced soon, which should lead to street upgrades of 2014 and 2015 profit estimates. MER has an Outperform rating on Vard and a 12-month target price of $1.82.
Useful To Me  Not Useful To Me
WanSiTong Supreme	25-Jul-2013 16:33        WanSiTong About Contact  Quote this Post!   Mood:
x 0   x 1  Alert Admin	Huat ah ! Orders will be the trigger few large ones might be announced soon: MER expects Petrobras orders and a few OSCV orders to be announced soon, which should lead to street upgrades of 2014 and 2015 profit estimates. MER has an Outperform rating on Vard and a 12-month target price of $1.82. CitizenBeng      ( Date: 25-Jul-2013 14:33) Posted: In a research report released at end May, Macquarie Equities Research (MER) commented that most investors they met seem to appreciate that the stock looks quite attractive at current valuations and market expectations have upside risk. MER believes that orders will be the trigger and believes a few large ones may be announced soon. Below are the excerpts from the research note MER published on 28 May after meeting with investors and Vard’s management on a road show in Hong Kong: Order guidance of “at least” NOK12bn: Street is estimating NOK10bn-11bn of orders in 2013. MER thinks VARD is set to surprise the street. - Approximately NOK4.5bn of orders already done - Expecting a minimum of NOK12bn which could go up to NOK15bn - Expecting OSCV market strength to continue - Expecting a few customized large hybrid vessel orders - Expecting AHTS market to bounce strongly in 2H13 - Expecting 1-4 Petrobras vessel orders to the tune of NOK1.5bn-5bn Brazil issues are limited to 4 vessels under control by end-2013: Out of the five vessels, one was delivered last week while execution is on track for other four to be delivered on time as per the new schedule. Staff has been brought over from Romania and Norway, while some work has been outsourced. Management changes have also been done at the Brazil yard. Competition will intensify, but Vard staying ahead in the race through investments in technology: More than the Chinese yards, Vard sees Korean and Japanese yards as a threat as they become more desperate due to lack of orders in their core markets. But MER thinks Vard is keeping ahead in the race through innovation and technology (like recent expansion in Romania and Vietnam yards to be able to build more customized and large vessels). New owner a better fit has ambitions to grow the company: The new owner is taking active interest in growing the company, as indicated by the new investments in Romania and Vietnam. In addition, the new owner has yards in the US and Middle East, where Vard has no presence, and can now expand its reach Action and recommendation Investors bottom-fishing: Most investors MER met seem to appreciate that the stock looks quite attractive at current valuations and market expectations have upside risk, but seem to be bottom-fishing. Orders will be the trigger few large ones might be announced soon: MER expects Petrobras orders and a few OSCV orders to be announced soon, which should lead to street upgrades of 2014 and 2015 profit estimates. MER has an Outperform rating on Vard and a 12-month target price of $1.82.
Useful To Me  Not Useful To Me
ozone2002 Supreme	25-Jul-2013 16:00        ozone2002 About Contact  Quote this Post! Style: Technical
x 0   x 0  Alert Admin	UOB chart genie alert just triggered! Time: 3:47PM Exchange: SGX Stock: Vard Holdings(MS7) Signal: Resistance - Breakout with High Volume Last Done: $0.795
Useful To Me  Not Useful To Me
CitizenBeng Member	25-Jul-2013 14:33        CitizenBeng About Contact  Quote this Post!
x 1   x 0  Alert Admin	In a research report released at end May, Macquarie Equities Research (MER) commented that most investors they met seem to appreciate that the stock looks quite attractive at current valuations and market expectations have upside risk. MER believes that orders will be the trigger and believes a few large ones may be announced soon. Below are the excerpts from the research note MER published on 28 May after meeting with investors and Vard’s management on a road show in Hong Kong: Order guidance of “at least” NOK12bn: Street is estimating NOK10bn-11bn of orders in 2013. MER thinks VARD is set to surprise the street. - Approximately NOK4.5bn of orders already done - Expecting a minimum of NOK12bn which could go up to NOK15bn - Expecting OSCV market strength to continue - Expecting a few customized large hybrid vessel orders - Expecting AHTS market to bounce strongly in 2H13 - Expecting 1-4 Petrobras vessel orders to the tune of NOK1.5bn-5bn Brazil issues are limited to 4 vessels under control by end-2013: Out of the five vessels, one was delivered last week while execution is on track for other four to be delivered on time as per the new schedule. Staff has been brought over from Romania and Norway, while some work has been outsourced. Management changes have also been done at the Brazil yard. Competition will intensify, but Vard staying ahead in the race through investments in technology: More than the Chinese yards, Vard sees Korean and Japanese yards as a threat as they become more desperate due to lack of orders in their core markets. But MER thinks Vard is keeping ahead in the race through innovation and technology (like recent expansion in Romania and Vietnam yards to be able to build more customized and large vessels). New owner a better fit has ambitions to grow the company: The new owner is taking active interest in growing the company, as indicated by the new investments in Romania and Vietnam. In addition, the new owner has yards in the US and Middle East, where Vard has no presence, and can now expand its reach Action and recommendation Investors bottom-fishing: Most investors MER met seem to appreciate that the stock looks quite attractive at current valuations and market expectations have upside risk, but seem to be bottom-fishing. Orders will be the trigger few large ones might be announced soon: MER expects Petrobras orders and a few OSCV orders to be announced soon, which should lead to street upgrades of 2014 and 2015 profit estimates. MER has an Outperform rating on Vard and a 12-month target price of $1.82.
Useful To Me  Not Useful To Me
ozone2002 Supreme	25-Jul-2013 14:23        ozone2002 About Contact  Quote this Post! Style: Technical
x 0   x 0  Alert Admin	Last:0.8     Vol:8784k     +0.015 the volume speaks for itself..   iluvboost      ( Date: 25-Jul-2013 12:31) Posted: i agree. based on technical indicators, the risk to reward ratio is good. (provided no sudden bad world news) entered today at 80, SL 78 , TP ~90-100 . fifo disclaimer  ozone2002      ( Date: 25-Jul-2013 09:51) Posted: Last:0.8     Vol:6197k     +0.015 i smell reversal coming.. gd luck dyodd
Useful To Me  Not Useful To Me
halleluyah Supreme	25-Jul-2013 13:39        halleluyah About Contact  Quote this Post!
x 0   x 0  Alert Admin	Penalty 1k + gst/counter. dekmelvie      ( Date: 25-Jul-2013 13:01) Posted: Hi guys! Jst wanna ask. What will happened if i short sell a counter and did not buy back on the day? How much penalty from sgx? Will sgx buy back to me?
Useful To Me  Not Useful To Me
dekmelvie Senior	25-Jul-2013 13:01        dekmelvie About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	Hi guys! Jst wanna ask. What will happened if i short sell a counter and did not buy back on the day? How much penalty from sgx? Will sgx buy back to me?
Useful To Me  Not Useful To Me
Peter_Pan Supreme	25-Jul-2013 12:36        Peter_Pan About Contact  Quote this Post! Style: Flexible   Mood: Yells: "kopi-o siu dai mai hum!"
x 0   x 0  Alert Admin	Like that really run road liao!!! GorgeousOng      ( Date: 25-Jul-2013 05:43) Posted: Fri I will try to go Vard Office again, it was very strange no light was on too! All have a great day!!! Peter_Pan      ( Date: 24-Jul-2013 13:37) Posted: Run road liao..
Useful To Me  Not Useful To Me
iluvboost Master	25-Jul-2013 12:31        iluvboost About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	i agree. based on technical indicators, the risk to reward ratio is good. (provided no sudden bad world news) entered today at 80, SL 78 , TP ~90-100 . fifo disclaimer  ozone2002      ( Date: 25-Jul-2013 09:51) Posted: Last:0.8     Vol:6197k     +0.015 i smell reversal coming.. gd luck dyodd
Useful To Me  Not Useful To Me
SFGuyRuleZ Veteran	25-Jul-2013 11:02        SFGuyRuleZ About Contact  Quote this Post! Style: Combined   Yells: "You are your own master.."
x 0   x 0  Alert Admin	Based on first half results 2013 for now, net book value (excluding intangible assets)/ share   = 0.56 DCF valuation based on discount factor 0.12 and assume no growth (positive or negative), letting g = 0, intrinsic value/ share  ~= 0.46. Fair value / Target Price = ?? (You decide..)   SFGuyRuleZ's target price for now = 0.89. Jacelin84's target price = 0.69. Hawkeye's target price = 0.5 Market's target price = ???????? Cheers!!
Useful To Me  Not Useful To Me
SFGuyRuleZ Veteran	25-Jul-2013 10:53        SFGuyRuleZ About Contact  Quote this Post! Style: Combined   Yells: "You are your own master.."
x 1   x 0  Alert Admin	Before  Niteroi yard woes and for financial year 2012 (not including last Q), EBITDA margin for Vard  was relatively constant at ~13.6% After  Niteroi yard issue and for last Q of 2012, EBDITA margin was 11.37%. For first Q 2013, continued to be affected by  Niteroi yard, EBDITA margin was 11.07%. 2nd Q 2013, EBDITA margin dropped to 4.1% . Why?? From the results, we can see a relatively higher  amount of materials and subcontracting costs while the rest of other costs remaining relatively constant. Due to the overload conditions of Niteroi yard, construction of hulls has to be outsourced to other contractors and to be built in another yard, resulting in a negative contribution margin. Coupled with higher than expected start-up costs of yard Promar, EBDITA margin for 2nd Q was adversely affected. The last ship that is outsourced has already been delivered => no negative contribution margin. Yard Promar has started operations => Overload conditions for yard Niteroi would be reduced. If contribution margin is not -ve, more orders will still lead to more profits. In the long term, I feel, Vard will shine after all the dust settles. Above is just my own opinion and how i intrepret. DYODD!! =)
Useful To Me  Not Useful To Me
wendel Master	25-Jul-2013 10:08        wendel About Contact  Quote this Post!
x 0   x 0  Alert Admin	TP? ozone2002      ( Date: 25-Jul-2013 09:51) Posted: Last:0.8     Vol:6197k     +0.015 i smell reversal coming.. gd luck dyodd
Useful To Me  Not Useful To Me
Simpsons Master	25-Jul-2013 10:04        Simpsons About Contact  Quote this Post!
x 0   x 0  Alert Admin	Sailing sailing home..lol
Useful To Me  Not Useful To Me

                                                         First   < Newer   3421-3440 of 4989   Older>   Last