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Vard Holdings
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sheerluck
Supreme |
22-Dec-2015 16:45
Yells: "Work for your money first then let your money work for you" |
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Fundamentally this coy is very weak now.  Their Brazil ops issue already started way back in 2012.  But whether their Norway/ Vietnam yards needs to close shop or not hard to say.  But just Brazil alone can eliminate the profit from other yards. 
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CraigFoo
Elite |
22-Dec-2015 10:48
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Another hardworking forumer working for the short BBs without getting paid.. Good job!!! Btw, what's Ezion now? You said $0.55
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pnuklis
Master |
22-Dec-2015 10:39
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Vard is completely screwed with order cancellation with 2 PSV' s knocking at its door with out any success and now more vessels delayed and the Brazil yard has sucked them dry both old and new yard (recently Petrobras LNG vessels cancelled). Very soon they will have to close some yards in Norway. See what happened to NOV who are closing the crane building  factory in Molde Norway. Norwaigeans are very expensive and have priced themseves out and if any one thinks Vard will do well are living in fools paradise. Sell      sell and cut loss. |
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jacktan77
Member |
22-Dec-2015 09:59
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sigh... caught into buying assuming the back order is good. :( decided to cut loss.  1. Net cash on hand is probably a big concern given the amount of cashflow needed to run the 10 yards. Likely new cash injection needed if more vessels needed to delay and get stuck in the yard. 10,000 worker' s salary also need to feed. 2. High construction loan = more interest to serve at a cost. Lenders will be knocking also.  3. Brazil yard likely to " write-off" given the sunken money. Question is also " How to repay the LOAN from the investment in Brazil yard" ? I also sweating. :( Money need to repay to the lender banks 4. Doubtful on able to get back any capital from brazil termination. Client did not ask for compensation from vard holdings already very happy due to long delay.. Good case from COSCO from the project delay. Expect more issues here given the problem with client. Contgract is a big hole until writeoff clear to investors. 5. Supposinly to be transparent award winner, seems like given the issues, never announced any delay from clients. Already couple of it. Island offshore, NAO, rem offshore. I wonder why. |
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sheerluck
Supreme |
21-Dec-2015 18:09
Yells: "Work for your money first then let your money work for you" |
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Haven't announced thru sgx yet?
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granto
Master |
21-Dec-2015 17:50
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Two years is a ling postponement... Rem Offshore sells CSV, delays OCV at Vard:  http://splash247.com/rem-offshore-sells-csv-delays-ocv-at-vard/ |
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sheerluck
Supreme |
18-Dec-2015 22:50
Yells: "Work for your money first then let your money work for you" |
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Indeed, I also dont encourage people to openly announce their position.  BB may have spies in SJ but really they wouldn' t be interested in earning for example a couple of hundreds from me, would they?  I think they more likely to influence retailers here to their advantage.
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Qanghoo
Supreme |
18-Dec-2015 22:20
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Brother, I quite serious leh.  Somehow, I always have a funny suspicion that some cld be prying n if u discuss ur px position, u cld put urself at disadvantage.  So, I don' t normally talk abt px.  Maybe I' m a bit paranoid, but I' d rather keep it that way. 
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sheerluck
Supreme |
18-Dec-2015 22:05
Yells: "Work for your money first then let your money work for you" |
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No lah I joking.  I don' t think BB bothers about SJ forummers comments.  But I cannot rule out BBs using SJ to do what they want ie the influence is only one direction.
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Qanghoo
Supreme |
18-Dec-2015 21:02
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Yes, this is why I rarely ever discuss px positions I take in a stock here. 
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sheerluck
Supreme |
18-Dec-2015 20:57
Yells: "Work for your money first then let your money work for you" |
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You may actually earn if you didn't post your position. But I cannot believe BBs will risk $$$ just to earn from one person.
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Qanghoo
Supreme |
18-Dec-2015 19:36
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Any reason to go up?  Probably chng kay at the head of the table again?
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Bon3260
Supreme |
18-Dec-2015 17:27
Yells: "Ooo Ooo Aaa Aaa!" |
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Shits! Loss! Buy bk 0.280 last min. : (  
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Bon3260
Supreme |
18-Dec-2015 15:55
Yells: "Ooo Ooo Aaa Aaa!" |
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Shorts 0.270. Later expecting hv 1-shot many fierce sell dwn & close 0.250 @ 5:04pm later. (' ' ,)
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sheerluck
Supreme |
18-Dec-2015 13:35
Yells: "Work for your money first then let your money work for you" |
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VARD throws two type of float into the seas: - one with rope still attached to it - one without rope attached to it which one to take?? If I have to choose, I choose the second one. Your choice?   |
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Qanghoo
Supreme |
17-Dec-2015 11:56
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Ur pt noted.  Maybe will revise my position. 
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sheerluck
Supreme |
17-Dec-2015 11:53
Yells: "Work for your money first then let your money work for you" |
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I will wait till FY15 results out and see what they are going to do with their Bra(zil) ops.  If they really write-off loads of their Bra asset with large cash outflow, anal-s(h)yts will all come out of their caves and shout SELL SELL SELL.  May be able to get even better price. My thought. DYDD.
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Qanghoo
Supreme |
17-Dec-2015 11:47
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I think < 20c, I' ll jeep some.  Cos I thnk a few yrs ago, high was $2, right.  So, drop 90% a-sai liao.  Management seems serious in making efforts to turn coy around n some of their operations are still profitable.  Besides, they have good parentage who are giving them some business n helping them diversify. 
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Bon3260
Supreme |
17-Dec-2015 11:01
Yells: "Ooo Ooo Aaa Aaa!" |
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Down trend signal. they' ll 1-shot sell @ 0.240. (' ' ,) |
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Qanghoo
Supreme |
16-Dec-2015 19:26
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Sure professionals at P& D.  Poor small fries.  All kena sucked in.  This mkt is like pitting FC Barcalona against Tampines Rovers. 
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