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Vard Holdings
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katak88
Master |
22-Jul-2015 11:31
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Vard Holdings' Q2 earnings plunge 58.6%JUL 22, 2015   9:12 AM SHIPYARD Vard Holdings' second-quarter earnings took a dive amid a slowdown in activity due to the slump in crude oil prices. Net profit for the three months ended June 30, 2015, plunged 58.6 per cent year on year to 58 million Norwegian kroner, the company said on Tuesday. Translated into Singapore dollars as at June 30, the drop was even steeper - the Q2 earnings worked out to S$10 million, a 64.3 per cent plunge over the same period, the company said on Wednesday. Earnings per share fell 64.1 per cent from the previous year to 0.85 Singapore cents. This slide came on the back of lower revenue, which slid 15.4 per cent year on year to 2.49 billion Norwegian kroner. Vard said on Tuesday that activity at its yards had fallen and it was cutting costs in order to cope with it. It has also started job cuts, with " its extent depending on the order book development going forward" , it added. Chief executive officer and executive director Roy Reite said the firm would continue to focus on research and developing new business. Vard shares were down half a cent to finish at S$0.485 on Tuesday.       |
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Charlie2310
Senior |
12-Jul-2015 15:39
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45 cents coming.. |
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marubozu1688
Master |
07-Jul-2015 20:46
Yells: "Be humble in front of Mr. Market." |
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Slowly sliding down to the target price for Vard. http://mystocksinvesting.com/singapore-stocks/vard-holding/vard-trading-within-a-down-trend-channel/
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paul1688
Veteran |
02-Jul-2015 12:58
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TA from UOB KH 2 July. This one seems to be getting from bad to worse. Vard (VARD SP, MS7) Technical SELL with 17.4% potential returns Last price: S$0.545 Target price: S$0.45 Protective stop: S$0.58 SELL with a target price of S$0.45 with stops placed at S$0.58. The stock appears to be trading below its immediate support at S$0.56 and trading below the resistance-turned support level of S$0.52 could suggest further downside. The MACD indicator has traded below its centreline and the MACD histogram has also started to move below its centreline, suggesting a bearish momentum. Expected timeframe: 3 weeks   PS : Not vested.  Please DOYDD before acting.   |
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granto
Master |
24-Jun-2015 22:49
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Vard buys marine software and automation provider:  http://splash247.com/vard-buys-marine-software-and-automation-provider/ |
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samson
Master |
10-Jun-2015 14:07
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Vard Holdings (VARD SP, SELL, TP: SGD0.47) A Blast From The Past Update Vard secured its first contract for the year for one diving support and construction vessel (estimated value: c.NOK700m) from a new client, Kreuz Subsea, scheduled for 2Q17 delivery. Maintain SELL with a SGD0.47 TP (19% downside). We remain negative on the deepwater asset-construction space. Our main long-run concerns for the stock are its relatively high valuations, 200% net gearing, poor order win outlook, and the risk of delivery delays/cancellations. Analyst: Lee Yue Jer CFA, +65 6232 3898/Jesalyn Wong, +65 6232 3872 Previous Report: Vard Holdings (SELL) - Deteriorating Long-Term Outlook - 14 May 2015 While you were sleeping US Wrap: U.S. markets closed mixed on Tuesday as the S& P 500 up 0.04%, while the Dow Jones Industrial Average RHB 10 June 2015 |
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samson
Master |
09-Jun-2015 22:16
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Today vard rebound from lower $0.52 all the way to $0.58 kill all today shortisits   
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granto
Master |
09-Jun-2015 07:35
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First new contract of the year:  http://splash247.com/vard-scores-kreuz-contract/ |
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samson
Master |
08-Jun-2015 22:58
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All SGX stock drop Today. Shortisit come in short sell. worry tomorrow . they had to cover back at higher price.      
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samson
Master |
08-Jun-2015 22:55
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The link to sgx web http://infopub.sgx.com/Apps?A=COW_CorpAnnouncement_Content& B=AnnouncementToday& F=BP7WWXIZPLOKTNGZ& H=ddcdb1b3d5e5015b4ecd6159373a122cb363f4930caa571055c7c4ad9b5c23c5 |
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samson
Master |
08-Jun-2015 22:54
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VARD SECURES CONTRACT FOR ONE DIVING SUPPORT AND CONSTRUCTION VESSEL FOR KREUZ SUBSEA Singapore, 8 June 2015 &ndash Vard Holdings Limited (&ldquo VARD&rdquo ), one of the major global designers and shipbuilders of offshore and specialized vessels, is pleased to announce that it has secured a contract for the design and construction of one Diving Support and Construction Vessel for Singapore-based Kreuz Subsea group. The vessel will be of VARD 3 17 design, with a total length of 91.2 meters and a beam of 21.5 meters, and has been developed especially for diving support and subsea construction duties. Designed by Vard Design in Å lesund, Norway, and with hull construction to be carried out at Vard Tulcea in Romania, delivery is scheduled from Vard Sø viknes in Norway in 2Q 2017. The DP2 class vessel will have a 100-ton active heave compensated offshore crane, and is prepared for Remote Operating Vehicles (ROVs). The diving system features a single bell system for a maximum of 12 divers, and can operate in water depths of up to 300 meters with a surface diving spread suitable for air diving in up to 50 meters depth. The diving accommodation is divided into three saturation living chambers. The vessel will be built according to latest SPS regulations, and can accommodate up to 105 persons. Established in 2008 as a provider of integrated offshore subsea services to the oil and gas industry, Kreuz Subsea has multipurpose support vessels, remotely operated vehicles and saturation & surface-supplied diving systems under ownership, and is well placed to offer the industry innovative, safe and productive subsea solutions, with a competitive edge. Recognized by its clients as an experienced, ethical and reputable integrated subsea services provider to the offshore oil and gas industry, Kreuz Subsea is progressing towards becoming an established deep-water SURF installation service provider. VARD CEO and Executive Director Roy Reite said, &ldquo I would like to welcome the Kreuz Subsea group as a new client for VARD, and look forward to working with them on this exciting project. Being chosen to develop and build this innovative vessel for use in the Asia Pacific region is proof that our technology and designs are applicable to diverse offshore environments globally, and we are able to expand our reach into new markets.&rdquo     |
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alto26
Senior |
08-Jun-2015 18:48
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Just when I go in.bb really play me out. | ||||
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alto26
Senior |
08-Jun-2015 18:47
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WHY THE BIG DROP TODAY
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samson
Master |
08-Jun-2015 17:13
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Specialized gas-driven vessel from VARD to Goliat on ten-year contractin Shipbuilding News 06/06/2015  
Simon Mø kster Shipping&rsquo s new platform supply vessel is custom built for operations in arctic areas and is unique in its kind. Now it&rsquo s ready to start working for Eni at the Goliat field in the Barents Sea. The new vessel Stril Barents is delivered from Vard Aukra to Simon Mø kster Shipping. Cooperation between VARD, Simon Mø kster Shipping and Eni, has resulted in a unique vessel that meets all requirements for operation under extreme conditions in the Barents Sea. The gas-driven vessel is of VARD 1 06 design and has combined platform supply and emergency response capabilities. It is the first time this type of ship is built. Hans Gunnar Hansen, Yard Director of Vard Aukra, is proud of the new ship: &ndash The project has been exciting, advanced and it has developed us as a company. By being solution-oriented and having a common goal in optimizing the product, we have together developed a ship with unique capacities that will ensure safety around the Goliat platform and its personnel. The ship&rsquo s ten-year contract in the Barents Sea is starting this month. Anne Jorunn Mø kster, CEO of Simon Mø kster Shipping, is pleased with the cooperation with VARD: &ndash This building project has been very exciting and developing for us as a company. It is a vessel with great flexibility and unique combinations. We would like to thank Vard Design, Vard Aukra and everyone involved, for an excellent cooperation. We look forward to start working for Eni and the operations on the Goliat field. The ship is at Skagenkaien in Stavanger, Norway, Thursday February 5th for its naming ceremony. The ceremony is followed by a tour on board and a dinner banquet in Atlantic Hall, for invited guests. &ndash We look forward to celebrate our cooperation that has resulted in a good end-product. Congratulations to Simon Mø kster Shipping with the new ship, we wish the company, vessel and crew all the best, Hansen finishes. Source: VARD   |
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huafaster
Veteran |
29-May-2015 07:52
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马 后 炮 !
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formulaintrading
Member |
28-May-2015 21:08
Yells: "formulaintrading" |
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Hi guys, I am a new trader and started a blog to post my outlook. Please spend some time and have a look at my prediction on this stock before its run.    http://snipr.com/29z1xco   |
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granto
Master |
13-May-2015 12:55
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Vard implements cost cutting as it struggles with lack of orders and foreign exchange losses:  http://splash247.com/vard-implements-cost-cutting-as-it-struggles-with-lack-of-orders-and-foreign-exchange-losses/ |
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Octavia
Supreme |
13-May-2015 09:35
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1Q15 results below estimates, registering a net loss of NOK92m versus a net profit of NOK92m from the previous year. Bottom-line was hit by net FX losses of NOK207m, stemming from a 15-year yard construction loan in Brazil denominated in USD. No new orders secured in 1Q15, outstanding orderbook dipped by 28% q/q to NOK15.6b. Sell |
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halleluyah
Supreme |
13-May-2015 09:17
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results suck....in a loss.....short n let it fall back to 0.46
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eaton1977
Member |
13-May-2015 08:07
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lousy result. |
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