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zandlery Supreme	28-Jul-2016 20:27        zandlery About Contact  Quote this Post!   Mood:
x 0   x 0  Alert Admin	Not surprise Rawabi will increase the stake for vallianz if they see potential of business they can get thru vallianz or they find investor to take the stake of Swiber from middle east......
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Maller Elite	28-Jul-2016 19:53        Maller About Contact  Quote this Post!
x 0   x 0  Alert Admin	Wow, no halt and the reply is good.  ThinkTmr cheong to 0.027 at least!!! DYODD
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granto Master	28-Jul-2016 19:36        granto About Contact  Quote this Post!
x 0   x 0  Alert Admin	&lsquo Business as usual&rsquo for Vallianz Holdings:  http://splash247.com/business-as-usual-for-vallianz-holdings/
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moron101 Supreme	28-Jul-2016 19:31        moron101 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Look like Rawabi will take Vallianz private.. SmallSmall      ( Date: 28-Jul-2016 19:24) Posted: Company&rsquo s Response: The Company released an announcement last evening regarding the cessation of its Non-Executive Director and Chairman of the Board. Before trading hours this morning, Swiber Holdings Limited (&ldquo Swiber&rdquo ), which owns 25.2% of the Company, announced that Swiber had made a winding-up application on 27 July 2016. The winding-up application has been fixed for hearing on 19 August 2016. In addition, Swiber has filed for provisional liquidation on 27 July 2016. Save for the aforesaid information, the Company is not aware of any information not previously announced concerning the Company or its subsidiaries which might explain the trading today. The Board wishes to inform shareholders that the Group&rsquo s business and operations are continuing as usual. The Group&rsquo s core vessel chartering business is focused mainly in the Middle East and its customers comprise primarily national oil companies. The Group&rsquo s established position in the Middle East can be attributed to the support of its other controlling shareholder and joint-venture partner, Rawabi Holding Company Limited (&ldquo Rawabi&rdquo ), which own a stake of 18.7% in the Company. Rawabi has extensive knowledge and network in the Middle East oil and gas market. The Group&rsquo s vessel charter revenue is largely driven by its Middle East operations.
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SmallSmall Supreme	28-Jul-2016 19:24        SmallSmall About Contact  Quote this Post!
x 0   x 0  Alert Admin	Company&rsquo s Response: The Company released an announcement last evening regarding the cessation of its Non-Executive Director and Chairman of the Board. Before trading hours this morning, Swiber Holdings Limited (&ldquo Swiber&rdquo ), which owns 25.2% of the Company, announced that Swiber had made a winding-up application on 27 July 2016. The winding-up application has been fixed for hearing on 19 August 2016. In addition, Swiber has filed for provisional liquidation on 27 July 2016. Save for the aforesaid information, the Company is not aware of any information not previously announced concerning the Company or its subsidiaries which might explain the trading today. The Board wishes to inform shareholders that the Group&rsquo s business and operations are continuing as usual. The Group&rsquo s core vessel chartering business is focused mainly in the Middle East and its customers comprise primarily national oil companies. The Group&rsquo s established position in the Middle East can be attributed to the support of its other controlling shareholder and joint-venture partner, Rawabi Holding Company Limited (&ldquo Rawabi&rdquo ), which own a stake of 18.7% in the Company. Rawabi has extensive knowledge and network in the Middle East oil and gas market. The Group&rsquo s vessel charter revenue is largely driven by its Middle East operations.
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darocupcake Master	28-Jul-2016 19:09        darocupcake About Contact  Quote this Post!
x 0   x 0  Alert Admin	Market could hv over reacted i guess zandlery      ( Date: 28-Jul-2016 18:46) Posted: like US bankrupt oil producer......eventually the debt will be take over by financial entity.....that's why even though they are bankrupt...they still pumping oil becos bank require them to keep pumping to repay their debt.....even at losses..... I think liquidator just allocate the debt to different parties.......Guess only......not a financial guy..... investshare      ( Date: 28-Jul-2016 18:27) Posted: Liquidator does not work that way. And they don't wait. They just want to clean up the mess, and collect their fee and comm
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zandlery Supreme	28-Jul-2016 18:46        zandlery About Contact  Quote this Post!   Mood:
x 0   x 0  Alert Admin	like US bankrupt oil producer......eventually the debt will be take over by financial entity.....that's why even though they are bankrupt...they still pumping oil becos bank require them to keep pumping to repay their debt.....even at losses..... I think liquidator just allocate the debt to different parties.......Guess only......not a financial guy..... investshare      ( Date: 28-Jul-2016 18:27) Posted: Liquidator does not work that way. And they don't wait. They just want to clean up the mess, and collect their fee and comm. zandlery      ( Date: 28-Jul-2016 17:03) Posted: but if logically for liquidator.....it shld thread carefully to not bankrupt two company as the later one will have solution to repay debt due to it potential of business in middle east......if force....bankrupt.......everyone lose
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zandlery Supreme	28-Jul-2016 18:36        zandlery About Contact  Quote this Post!   Mood:
x 0   x 0  Alert Admin	it from a article from business times regarding Swiber kaput......sound like someone from DBS said that
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zandlery Supreme	28-Jul-2016 18:34        zandlery About Contact  Quote this Post!   Mood:
x 0   x 0  Alert Admin	but to me....DBS sound like no bad debt......only net payable mean....after everything.....deduct n subtract.....no receivables from Swiber only payable to Swiber.......so maybe the 100mil not from Swiber.......so still able to get back... sheerluck      ( Date: 28-Jul-2016 17:07) Posted: Unfortunately we dont get more info on until next AR. But from Vallianz' s 2015 AR, dealing with related: TRADE RECEIVABLES      US$56,416k OTHER RECEIVABLES      US$45,792k OTHER PAYABLES          US$40,764k The worst case scenrio to assume will be that the related party is Swiber, and they cannot recover that US$100mil but Swiber' s creditors will chase after that US$40mil. Cannot only hope abang and adik have already sort out those transactions so taht adik is free of abang' s shit. investshare      ( Date: 28-Jul-2016 16:56) Posted: Actually this could be a risk. In the past, Swiber may not chase payment from Valianz but the liquidator may take tough action to recover
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investshare Supreme	28-Jul-2016 18:27        investshare About Contact  Quote this Post!
x 0   x 0  Alert Admin	Liquidator does not work that way. And they don't wait. They just want to clean up the mess, and collect their fee and comm. zandlery      ( Date: 28-Jul-2016 17:03) Posted: but if logically for liquidator.....it shld thread carefully to not bankrupt two company as the later one will have solution to repay debt due to it potential of business in middle east......if force....bankrupt.......everyone lose
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buysellbuysell Master	28-Jul-2016 18:22        buysellbuysell About Contact  Quote this Post! Style: Flexible   Mood: Yells: "someone please sell down low so that others can buy low"
x 0   x 0  Alert Admin	Big hole big hole coming liao. Domino effect on the way......
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moron101 Supreme	28-Jul-2016 17:07        moron101 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Yes it is not confirmed that the application will be approved by high courts. swbor will be relisted again.. may be? Composure      ( Date: 28-Jul-2016 16:56) Posted: rem cosco susp long time. resume trading then chiong. not suggesting anything.. both susp conditions differ as well but hey 活 着 就 有 希 望 lol Winlost      ( Date: 28-Jul-2016 16:25) Posted: But suspended almost waiting to delist....haiz.!
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sheerluck Supreme	28-Jul-2016 17:07        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	Unfortunately we dont get more info on until next AR. But from Vallianz' s 2015 AR, dealing with related: TRADE RECEIVABLES      US$56,416k OTHER RECEIVABLES      US$45,792k OTHER PAYABLES          US$40,764k The worst case scenrio to assume will be that the related party is Swiber, and they cannot recover that US$100mil but Swiber' s creditors will chase after that US$40mil. Cannot only hope abang and adik have already sort out those transactions so taht adik is free of abang' s shit. investshare      ( Date: 28-Jul-2016 16:56) Posted: Actually this could be a risk. In the past, Swiber may not chase payment from Valianz but the liquidator may take tough action to recover. Maller      ( Date: 28-Jul-2016 16:53) Posted: Quote: .,,,,,,However, risk for potential provision for bad debt should be low as we understand Vallianz actually has net payables to Swiber,' ' DBS said
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zandlery Supreme	28-Jul-2016 17:03        zandlery About Contact  Quote this Post!   Mood:
x 0   x 0  Alert Admin	but if logically for liquidator.....it shld thread carefully to not bankrupt two company as the later one will have solution to repay debt due to it potential of business in middle east......if force....bankrupt.......everyone lose
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investshare Supreme	28-Jul-2016 16:56        investshare About Contact  Quote this Post!
x 0   x 0  Alert Admin	Actually this could be a risk. In the past, Swiber may not chase payment from Valianz but the liquidator may take tough action to recover. Maller      ( Date: 28-Jul-2016 16:53) Posted: Quote: .,,,,,,However, risk for potential provision for bad debt should be low as we understand Vallianz actually has net payables to Swiber,' ' DBS said
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Composure Senior	28-Jul-2016 16:56        Composure About Contact  Quote this Post!
x 0   x 0  Alert Admin	rem cosco susp long time. resume trading then chiong. not suggesting anything.. both susp conditions differ as well but hey 活 着 就 有 希 望 lol Winlost      ( Date: 28-Jul-2016 16:25) Posted: But suspended almost waiting to delist....haiz.! treetops      ( Date: 28-Jul-2016 15:58) Posted: Suspended still got 50% chances. Delist = gone.....
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Maller Elite	28-Jul-2016 16:53        Maller About Contact  Quote this Post!
x 0   x 0  Alert Admin	Quote: .,,,,,,However, risk for potential provision for bad debt should be low as we understand Vallianz actually has net payables to Swiber,' ' DBS said
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zandlery Supreme	28-Jul-2016 16:51        zandlery About Contact  Quote this Post!   Mood:
x 0   x 0  Alert Admin	Swiber contract kockup la........vessel burn money fast but client delay pay becos never provide satisfying service.........don't think vallianz have this problem......just client delay....maybe delay by Swiber....the receivables......if vallianz account different.....hope they able to get the money legally if vallianz can tahan this impact n middle east side not kockup payment......shld be able to tide thru....... moron101      ( Date: 28-Jul-2016 16:24) Posted: We are in different business.. we are doing long term chartering contracts that worth 1.2b.. not subsea cabling , not oil explorations..
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Maller Elite	28-Jul-2016 16:48        Maller About Contact  Quote this Post!
x 0   x 0  Alert Admin	Pl look at latest biz news on swiber and vallianz. Think not so bad for vallianz and think may not justify for such huge drops...
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tankookoo Master	28-Jul-2016 16:46        tankookoo About Contact  Quote this Post!
x 0   x 0  Alert Admin	what is the chances / likilhood of bad news?
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