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Vard Holdings
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tobias_i_d
Senior |
21-Oct-2014 14:19
Yells: "Good technicians don't eat heads and tails." |
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true... better wait until below 50 cents |
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edwinjup
Supreme |
21-Oct-2014 14:13
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Look cheap ? But company are not keen to create value for shareholders liao...so why we wan to put in our hard earned money into vard...
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taxiuncle
Veteran |
21-Oct-2014 14:09
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Price seems stable...accumulation in progress??? |
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sheerluck
Supreme |
20-Oct-2014 11:02
Yells: "Work for your money first then let your money work for you" |
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Majors risks: - Poor O& G outlook for deep water. - Issues with brazilian yard taking ages to resolve and is still costing VARD lots of money. - Tax issue in Brazilian still on-going. Since they expect a marginally negative EBITA, I expect its net loss to be worse than that in Q2 FY13 where they suffered a net loss of -44mil NOK on +121mil NOK EBITA. That Q2 loss is mainly due to the provision they have made for their Brazilian yard. It is prudent of them but I suspect they will actually need to use the provision since that yard is still problemtic till now. This round is worse because EBITA is going to be negative to begins with I recall they are going to made provision for that Brazil tax issue but changed their mind. I suspect if they still go ahead with it, their full-year will be a loss. The last round it reported a loss (Q2 FY13), its price dropped from $1+ to less than $1. When the actual results came out, analysts started reversing their call from buy to sell and it got hammered down to 76cts (so losing more than 25% in value). Many people got stuck. This round, analysts got smarter and reduce TP before actual results are out. However, when the actual numbers are out, they are not going to be pretty. Whether the current bashing down is the main course or just an appetiser really depeneds on the market. Beware that shortists are looking for any legitimnate reason to profit. Not a call to buy/sell. Pls DYDD. |
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halleluyah
Supreme |
20-Oct-2014 10:32
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On 15/10 DMG downgrade to sell wth tp 0.57. On 16/10 DBS downgrade to fully value wth tp 0.65 |
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Roxy1968
Senior |
20-Oct-2014 09:44
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Can anyone advice on Vard? Long on friday. Should hold or not? |
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jamesng
Master |
20-Oct-2014 00:10
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We need to see what is wrong with the european yard...if there is something wrong with how they manage the projects....think we should sell away this counter.... If it is otherwise, such as they want to delist the company, then there is value in this counter.......I am not sure if there is a change in management. How come current management seems to be doing all the wrong things...or are they doing all the correct things..... We just need to see what went wrong with the european yards........how come nothing reported before...... |
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Mark86
Member |
18-Oct-2014 16:33
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Overall and in the long term, I am still of the view that Vard is a good company, in terms of their intangible worth - technical knowhow, knowledge and skills in building highly specialized and complex vessels, reliance and R& D on technology and innovation to improve on processes / efficiency in building ships, long-term customers as well as trust and support from the shipping commmunity. Short term wise however, Vard is gonna face more headwinds from it' s operations. While the Niterol yard issue is not completely resolved and they are ramping up operations at the new site, all these costs are hard to manage effectively. Moreover, with a large order book and more vessels to deliver, it is risky if they can allocate their resources well and manage their costs so that desirable profit margins can be earned from each vessel they deliver. Until their Brazilian yard issues have stablised, I would avoid this counter for now. I am not a Vard hater but from a rational point of view, it is still too early to buy this stock with so many risks ahead. Cheap may get cheaper, but i rather buy it at a more expensive price when I can see their operations at Brazil have stablised and every vessel delivered can translate into decent profit. |
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Sophia
Member |
17-Oct-2014 23:38
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By next year, 0.480 will reach.
By then can start buying. Max I think can reach 0.750. After filled the gap 0.750, then drop again.
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Sophia
Member |
17-Oct-2014 23:30
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25-Sep-14 already warned 0.600 on the way.
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nqing87
Supreme |
17-Oct-2014 16:11
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cons: - brazilian yard problem - cost overrun - deepwater player (bad in times of prolong low oil price) - Brazil tax issue - Profit warning pros: - historical low - order book 5 year high
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taxiuncle
Veteran |
17-Oct-2014 15:57
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Guess now is right time to acculumate this one....... |
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haruta
Elite |
17-Oct-2014 08:32
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Profit warning woh not a small thing. Toh like in recession. Everyday down 7-8% till no sellers. | ||||
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Qanghoo
Supreme |
17-Oct-2014 08:18
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POSH looks worse, doesn' t it. IPO 115 abt 6 mths ago only. Now abt same price as Vard. At least Vard come out in the the open with all the unfavourable news. POSH got all the buy calls and price keep falling. IPO way over-priced?
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moneycow
Elite |
16-Oct-2014 23:21
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wa from above $1.16 go down untill so much :( Holders must be heart pain bleeding................... |
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haruta
Elite |
16-Oct-2014 22:47
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U mean by selling we are actually throwing money to the shortists?!
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Qanghoo
Supreme |
16-Oct-2014 22:35
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Actually, don' t think they need us to sell to them. We retails make up a minute part of the trades only. CKs who are out in full force to force down the price will have their way to play ping pong .... left right, left right ...... The shortist just tompang.
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tobias_i_d
Senior |
16-Oct-2014 21:17
Yells: "Good technicians don't eat heads and tails." |
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So true... by selling at this current time, we just helping them make MORE money and make the prices worse... DONT SELL! December is less than 50 days from now. But on the other hand, I' m waiting for this counter until below 50 cents. After reached below 50 cents, I' m going to buy. If you want to help me then please by all means do what you have to do. Thank you very much 
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moron101
Supreme |
16-Oct-2014 19:58
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All must know that when you sell, you are actually sold to shortists and help them to cover short positions. Think twice b4 you act..during this periods. | ||||
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Heero78
Veteran |
16-Oct-2014 15:22
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walao le...looking at the trend...ccb most likely will tank below 0.6... |
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