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Vard Holdings
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Extolbeli
Member |
15-Oct-2014 09:18
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Sudden dip to resistance at 76c? |
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edwinjup
Supreme |
15-Oct-2014 03:42
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Profit warning ......
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hp3000
Veteran |
13-Oct-2014 14:46
Yells: "Huart Ah !! Count $$$$$ liao" |
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Die die also must see. Market so bad must see diao diao else lose till buay lin chu.
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taxiuncle
Veteran |
13-Oct-2014 10:56
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No eyes to see...market really bad... |
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p0emmm
Member |
07-Oct-2014 10:45
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Vard Holdings - Market missing returns uplift upgrade to BuyVard' s share price has fallen 21% in the last 3M given concerns on the recent crude oil price decline, drilling slowdown in North Sea and potential Brazil tax provisions. Our updated analysis suggests that global OSV orders will likely stay flat through 2016E, instead of rising previously, and hence we cut our order forecasts and Vard' s 2014-16E EPS by 4-19%. Even with below street EPS, Vard' s valuations are at trough levels and our analysis suggests that the market may be missing the c.130bps CROCI uplift in 2016E from its Brazil ramp-up and improving Norway sales. Our new 12-m TP of S$1.01 implies 17% upside, and we upgrade the stock to Buy from Neutral.
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morningstar13
Member |
03-Oct-2014 19:51
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So, this maybe why Vard has become bullish so quickly again...
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InvestNotTrade
Senior |
03-Oct-2014 18:24
Yells: "seekingprivatereturns.blog" |
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http://infopub.sgx.com/FileOpen/VARD_secures_contract_for_one_Offshore_Support_Vessel.ashx?App=Announcement& FileID=317106 VARD SECURES CONTRACT FOR ONE OFFSHORE SUPPORT VESSEL - 300 NOK |
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katak88
Master |
01-Oct-2014 14:20
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up 3.5c to 88.5c.
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morningstar13
Member |
01-Oct-2014 14:10
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Hope the dividends will really be paid next year onwards. Some Interesting facts to note: Vard Holdings rebounded 1.8% yesterday to recover some losses for September. For the month, the stock is down 16.7%. This compares to a 1.5% slide in the STI. Macquarie Equities Research (MER) released a research report on Vard Holdings (VARD) on 29th September maintaining its &lsquo Outperform&rsquo rating with a new 12-month price target of $1.19. Some excerpts can be found below. Event VARD has lost S$320mn in market cap on a S$40mn new tax issue in Brazil (as of 29th September) and MER believes investors have overreacted, putting VARD in an oversold category. MER takes a fresh look at VARD assuming bear case scenario for key drivers. Despite this MER gets a robust 43% upside from current levels plus 5% div yield. MER&rsquo s estimates are 2% and 10% below consensus for 2015 and 2016. Even on MER&rsquo s conservative estimates, VARD is at 1.1x price to book (P/B) with 17% return on equity (ROE) and 7x 2015E price to earnings (P/E). MER&rsquo s new 12-month target price of S$1.19 implies 1.5x P/B and 9.5x P/E for 2015. Impact New bear case assumptions: 1. Assuming 100% Brazil tax hit on 2014E P& L: MER has estimated that VARD will provide for full NOK200m tax loss from Brazil in 2H14. Upside risk: This could be lower and reversed when the verdict is out in 2015-16. 2. Assuming only NOK12bn annual order inflow in 2014, 2015 and 2016: MER has reduced its assumptions from NOK14-15bn despite believing that vessel industry dynamics are strong, and despite VARD winning robust NOK14bn in 2013 and NOK8.3bn in 1H14. Upside risk: Every NOK1bn increase in orders increases profit estimates by 4-7% for the next 2 years. 3. Assuming only 8-9% EBITDA margins on all orders starting 2014: MER has reduced its estimates from 9-11% earlier. This is despite recent productivity gain initiatives in key yards in Romania and Norway. Upside risk: Every 50bps increase in margin raises profit estimates by 7%. Facts being ignored: Brazil tax issue is a one-off: It does not apply to any other vessel. All time peak order book of NOK21bn with 80% being built in key yards: NOK16bn of this order book is being built in Norway, Romania and Vietnam. Recent initiatives by new parent to boost reach and productivity: VARD recently expanded into North America and facilities in Romania and Norway. MER&rsquo s earnings and target price revision Reducing earnings by 5% for 2014E, 8% for 2015E and 14% for 2016E. Reducing target price to S$1.19 from S$1.45. MER&rsquo s action and recommendation Risk-reward skewed Robust 5-6% dividend yield too on the stock now: At 1.1x P/B now with 17% return on equity (ROEs), MER thinks it is time for investors to buy VARD from a risk-reward perspective. In addition, VARD&rsquo s 30% minimum dividend payout policy implies 5-6% dividend yield in 2015-16E. Source: Macquarie Research - 1 Oct 2014
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stockmarketmind
Elite |
01-Oct-2014 10:44
Yells: "stockmarketmindgames" |
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Heavy breakout today. Advisable not to chase now. http://www.facebook.com/groups/350636774966182/ |
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morningstar13
Member |
01-Oct-2014 09:15
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Please dont stop shorting. Still waiting to buy back below 80 cents ...
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Qanghoo
Supreme |
29-Sep-2014 12:50
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More likely pump to be dump. Be careful case get sucked in.
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Tidawave
Member |
29-Sep-2014 11:25
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strong pull back? |
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Sophia
Member |
25-Sep-2014 22:39
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Tomorrow will again open high and close low. If 0.780 break, 0.600 on the way.
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Citrine
Senior |
25-Sep-2014 11:36
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Noted with thanks!!!
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Sophia
Member |
25-Sep-2014 11:18
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Please do not set buy. Big Boys are shorting this Counter. Open high close low every single day and every Friday close lower by 0.050. Down down trend all the way. Wait till a better signal than can start buying. |
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Sophia
Member |
25-Sep-2014 11:10
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Earned 0.020. Filled 0.835. Keeke... ...
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Citrine
Senior |
25-Sep-2014 10:58
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Morning Sophia Congrats!!! Can long @.835? Poss ' rebound' after ' flushing' ? Kindly adv....Thank you...
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morningstar13
Member |
25-Sep-2014 10:48
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I prefer to long. Wait for you to finish shorting 1st. Hope to enter below 80 cents or close to 70 cents ...
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RoundRound
Elite |
25-Sep-2014 10:09
Yells: "Tikam Tikam can also" |
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Sophia, I believe u made some good money shorting this Vard. It is on a beautiful downward trend from around 1 buck plus to current beaten price.
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