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Sophia Member	25-Sep-2014 10:07        Sophia About Contact  Quote this Post!
x 0   x 0  Alert Admin	Shorts sell 0.855. Set buying back 0.835. Join me! Sophia      ( Date: 22-Sep-2014 16:07) Posted: This coming Friday need to close at 0.835.
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NoRiskNoGain Veteran	24-Sep-2014 17:38        NoRiskNoGain About Contact  Quote this Post!
x 0   x 0  Alert Admin	Good to short this counter as long as there is uncertainies- brazil tax claims, no contract announcement this qrt, brazil yards provision and the north seas pressure issue. On the other hand, it good to collect bit by bit as the price go lower as vard still have a record book order and potential for contract win. No for the faint hearted thou.  Sophia      ( Date: 24-Sep-2014 17:10) Posted: Shorts 0.865 buy back 0.850 earned 0.015. Thanks, better earning today. Sophia      ( Date: 24-Sep-2014 10:19) Posted: Nowadays shorts selling within a day transaction earned not much. Big Boys no balls
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Sophia Member	24-Sep-2014 17:10        Sophia About Contact  Quote this Post!
x 0   x 0  Alert Admin	Shorts 0.865 buy back 0.850 earned 0.015. Thanks, better earning today. Sophia      ( Date: 24-Sep-2014 10:19) Posted: Nowadays shorts selling within a day transaction earned not much. Big Boys no balls! Sophia      ( Date: 22-Sep-2014 16:07) Posted: This coming Friday need to close at 0.835.
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NoRiskNoGain Veteran	24-Sep-2014 11:51        NoRiskNoGain About Contact  Quote this Post!
x 0   x 0  Alert Admin	wow taxiuncle phew cab lol. I have started collecting liao. I love the shorties :)   taxiuncle      ( Date: 24-Sep-2014 10:48) Posted: I will give this a skip ...until dust is settle taxiuncle      ( Date: 16-Sep-2014 13:57) Posted: Cum to me at 0.85......
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taxiuncle Veteran	24-Sep-2014 10:48        taxiuncle About Contact  Quote this Post!
x 0   x 0  Alert Admin	I will give this a skip ...until dust is settle taxiuncle      ( Date: 16-Sep-2014 13:57) Posted: Cum to me at 0.85......
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Sophia Member	24-Sep-2014 10:19        Sophia About Contact  Quote this Post!
x 0   x 0  Alert Admin	Nowadays shorts selling within a day transaction earned not much. Big Boys no balls! Sophia      ( Date: 22-Sep-2014 16:07) Posted: This coming Friday need to close at 0.835.
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chongpin Senior	23-Sep-2014 23:22        chongpin About Contact  Quote this Post! Style: Combined
x 0   x 0  Alert Admin	Vard Holdings: Industry de-rating maintain HOLD Vard Holdings Limited&rsquo s (VARD) share price has fallen  19.0% since it announced on 5 Aug 2014 that it has  received an additional tax claim of ~NOK200m (including  penalties and accrued interest) from the tax authorities in  Brazil. VARD will file an appeal against the ruling. We  believe another reason for VARD&rsquo s poor share price  performance has been triggered by the sharp dip in oil  prices. Given the uncertainties over the tax claims by the  Brazilian authorities on VARD, volatility in the North Sea  market and recent de-rating in the industry, we opt to  lower our PER valuation peg from 10x to 9x. We also cut  our FY14 and FY15 PATMI forecasts by 4.8% and 7.5%,  respectively, to account for cost pressures in Brazil. Correspondingly, our fair value estimate dips from S$1.12  to S$0.94, still based on blended FY14/15F EPS. Maintain  HOLD.  Morning Call     23 Sep 2014 OCBC Investment Research Vard Holdings: Industry de-rating   maintain HOLD  Uncertainties over tax claims from  Brazil   Oil prices have dipped sharply   Lower valuation peg and FV Weak share price performance Vard Holdings Limited&rsquo s (VARD) share price  has fallen 19.0% since it announced on 5  Aug 2014 that it has received an additional  tax claim of ~NOK200m (including penalties  and accrued interest) from the tax authorities  in Brazil. This is with regards to transfer  pricing of design and equipment packages  delivered from its Norwegian entities to its  Brazilian yard Vard Niteroi in FY10. According  to VARD, the diverging assessment  originated from conflicting Brazilian transfer  pricing rules, which were only aligned as  from FY13. VARD will file an appeal against  the ruling. It does not expect to make any  payments until a final conclusion is reached,  and this may take several years. However, it  is evaluating the need for provisions for the  aforementioned tax cost (will likely hit its  FY14 financials if any provisions are made),  although there would not be an immediate  cash outflow. We are also concerned of the  possibility that new tax claims for FY11 and  FY12 may arise (but FY10 has the largest  exposure). Mixed industry data points We believe another reason for VARD&rsquo s poor  share price performance has been triggered  by the sharp dip in oil prices. Brent crude oil  prices have taken a 15% tumble to  S$97.7/bbl from the YTD peak of  S$115.1/bbl, driven by a stronger USD and  easing geopolitical tensions. On a positive  note, average AHTS spot rates in North Sea  have rebounded strongly YoY in Aug due to  the peak summer period. However, average  PSV rates in the North Sea have  deteriorated. Similarly, utilisation rates have  increased for AHTS (YoY basis for Aug) but  declined for PSVs, highlighting a possible  oversupply situation for the latter. Lower FV and reiterate HOLD Given the uncertainties over the tax claims  by the Brazilian authorities on VARD,  volatility in the North Sea market and recent  de-rating in the industry, we opt to lower our  PER valuation peg from 10x to 9x. We also  cut our FY14 and FY15 PATMI forecasts by  4.8% and 7.5%, respectively, to account for  cost pressures in Brazil. Correspondingly, our   fair value estimate dips from S$1.12 to  S$0.94, still based on blended FY14/15F EPS.  Maintain HOLD. (Wong Teck Ching Andy)
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taxiuncle Veteran	23-Sep-2014 16:20        taxiuncle About Contact  Quote this Post!
x 0   x 0  Alert Admin	Wow....jia latz.....
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Qanghoo Supreme	22-Sep-2014 19:44        Qanghoo About Contact  Quote this Post!
x 0   x 0  Alert Admin	Before next quarter result announcement, close < 80c.  After announcement, factor in the provision for Brazilian tax, close < 70c. Sophia      ( Date: 22-Sep-2014 16:07) Posted: This coming Friday need to close at 0.835.
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pnuklis Master	22-Sep-2014 16:13        pnuklis About Contact  Quote this Post!
x 0   x 0  Alert Admin	For all those people who think that it is easy to make money from Brazilians this is a very good lesson. The company has been slapped with a huge tax claim which is going to dig in to all the profits leaving nothing to share holders. You cant win a courtcase against government in Brazil.
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Sophia Member	22-Sep-2014 16:07        Sophia About Contact  Quote this Post!
x 0   x 0  Alert Admin	This coming Friday need to close at 0.835.
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Extolbeli Member	22-Sep-2014 10:02        Extolbeli About Contact  Quote this Post!
x 0   x 0  Alert Admin	I guess Singaporeans risk appetite quite low thus everyone selling cause of Brazil' s issue. tea444u      ( Date: 20-Sep-2014 14:49) Posted: this type of good stock alo can collapse until like this? horrible stock market we have lah. I think better migrate to other bourses liaw.
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tea444u Elite	20-Sep-2014 14:49        tea444u About Contact  Quote this Post!   Mood:
x 0   x 0  Alert Admin	this type of good stock alo can collapse until like this? horrible stock market we have lah. I think better migrate to other bourses liaw.
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halleluyah Supreme	19-Sep-2014 18:04        halleluyah About Contact  Quote this Post!
x 0   x 0  Alert Admin	Habis lah if tis coming q result is lousy...no eyes see...below 0.80 may b??
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davidyyc1999 Member	19-Sep-2014 13:31        davidyyc1999 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Sold at 0.885, bleeding.....
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nstar0227 Member	19-Sep-2014 11:46        nstar0227 About Contact  Quote this Post!
x 0   x 0  Alert Admin	*davidyyc1999 - had the same position as you did, but close it at a loss at .95 alr.. cant see the exact support after that.
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davidyyc1999 Member	19-Sep-2014 11:43        davidyyc1999 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Jeez..I bought at 1.09 per share. A big loss till now. The trend is still going down. Should I sell them all or buy some more?
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Sophia Member	19-Sep-2014 10:52        Sophia About Contact  Quote this Post!
x 0   x 0  Alert Admin	0.895 still have 200 lots gaps to fill. Sell at 0.895 and today will close below 0.890 today. 7 (Vard)   WEIGHTED AVG PRICE :    0.8946    LAST DONE PRICE :    0.890    SPREAD/PRICE RATIO :    0.0056    AVG TRADE SIZE :    7.101  Last Trades Vol BuyVol Mid SellVol 0.885 24 164 140 0 24 0.890 59 337 271 0 66 0.895 15 292 240 4 48 0.900 70 394 367 0 27 0.905 11 84 0 0 84 TOTAL 179 1,271 1,018 4 249
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Sophia Member	19-Sep-2014 10:36        Sophia About Contact  Quote this Post!
x 1   x 0  Alert Admin	They will still shorts at 0.895 now. Open 0.900 and end of the day will close below 0.890 today. I shorts 0.900 and set buy back 0.880. Always remember, follow Big Boys shorts. And not to buy. Book Value Asset worth 0.660 - 0.200 = 0.460 market value. That is why I said 0.480 coming next year. Extolbeli      ( Date: 19-Sep-2014 09:13) Posted: For someone who was just panicking last week, you sure sounded confident. Sophia      ( Date: 18-Sep-2014 20:51) Posted: Look at this  http://www.sgx.com/wps/portal/sgxweb/home/marketinfo/marking_of_sell_orders Big Boys are shorting this Counter. If you want to earn money. Only can follow them shorts sell. Tomorrow is Friday and will for sure open high close low. Shorts sell 0.905 and buy back 0.880 tomorrow. Huat ah! Buying this will catching the falling sharp sharp knifes. Just follow them. Shorts shorts shorts!
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Extolbeli Member	19-Sep-2014 09:13        Extolbeli About Contact  Quote this Post!
x 0   x 0  Alert Admin	For someone who was just panicking last week, you sure sounded confident. Sophia      ( Date: 18-Sep-2014 20:51) Posted: Look at this  http://www.sgx.com/wps/portal/sgxweb/home/marketinfo/marking_of_sell_orders Big Boys are shorting this Counter. If you want to earn money. Only can follow them shorts sell. Tomorrow is Friday and will for sure open high close low. Shorts sell 0.905 and buy back 0.880 tomorrow. Huat ah! Buying this will catching the falling sharp sharp knifes. Just follow them. Shorts shorts shorts!
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