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Vard Holdings
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Fintrade
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10-Mar-2017 15:33
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So don' t sell? |
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sheerluck
Supreme |
10-Mar-2017 15:17
Yells: "Work for your money first then let your money work for you" |
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Came down to 24-24.5 liao. 50 million queue at 24cts. From Fincanteri? Looks like MVN really kanna from them.
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shadow
Veteran |
10-Mar-2017 14:18
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Talk don' t need money ! Play " threatening" strategy again... I will hold on tight NO SELL means NO SELL... all minorirty shareholders should do the same. Show it to them that don' t take us for a ride and bully us ! If they want to take it private, play it fair .... |
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sheerluck
Supreme |
10-Mar-2017 14:12
Yells: "Work for your money first then let your money work for you" |
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Well, according to them, 24 March is the final extension. I think the italian fed up with us liao. So final price 24cts. Final date 24 March. Take it or leave it. Now see MVN do what.
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shadow
Veteran |
10-Mar-2017 14:07
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Fincantieri chu pattern again extension to 24 Mar 2017 ! said last final extension no more extension....
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sheerluck
Supreme |
10-Mar-2017 12:32
Yells: "Work for your money first then let your money work for you" |
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Indeed is today! So what is MVN going to do?
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shadow
Veteran |
10-Mar-2017 12:15
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Fincantieri got any more pattern later? |
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shadow
Veteran |
10-Mar-2017 12:11
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Today offer closing! Credit Suisse wishes to remind Shareholders, for and on behalf of the Offeror, that the Closing Date for the Offer is 5.30 p.m. (Singapore time) on 10 March 2017 or such later date(s) as may be announced from time to time by or on behalf of the Offeror, as stated in the Closing Date Announcement
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sheerluck
Supreme |
10-Mar-2017 11:45
Yells: "Work for your money first then let your money work for you" |
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Looks like is Fincanteri 1- 0 MVN. MVN didn' t buy or sell any yesterday. Are they at a loss with what to do with all the VARD shares that they have bought with premium? Will watch out for what happen next Thursday wil offer closed! Maybe Fincanteri will extend again....... |
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sheerluck
Supreme |
09-Mar-2017 13:02
Yells: "Work for your money first then let your money work for you" |
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Is MVN sweating now??? |
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sheerluck
Supreme |
09-Mar-2017 10:15
Yells: "Work for your money first then let your money work for you" |
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Unlikely since the transacted price is 26cts. Fincantieri has been very persistent and insisted on no change to their offer and will not wants to weaken this signal to the market by seeming willing to accept shares at 26cts or that they are in cahoot with MVN. If this is indeed a plot between them then discretion is the key here and everything moves needed to be within legal means (or loopholes lah which SGX rulebooks offered plenty!!!) For those who are still holding, pls check MVN first two dealing disclosure announcements and see whether somethign is missed. It does made the latest sale of shares by MVN " interesting" . Check it out yourself! DYDD.
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shadow
Veteran |
09-Mar-2017 10:12
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Fincantieri " motives" of taking Vard private.. Vard is going to be very profitable going forward.Taking it private all the profit $$ will eventually flow back to the parents company (left to right pocket)!" 肥 水 不 流 外 人 田 "意 大 利 船 企 2月 接 单 量 跃 居 全 球 第 一2017-03-09 08:48:30
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sheerluck
Supreme |
09-Mar-2017 08:54
Yells: "Work for your money first then let your money work for you" |
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Fincanteri played hard ball with MVN? I think MVN see little chance of forcing Fin' s hand for better offer price. First time see they sell after Fin announced final offer price remains at 24cts. Showing sign of weakness liao. The other scenario is the one that I always suspected thatMVN isn' t really working for the interest of minority. Let' s see how this thing turn out. |
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NoRiskNoGain
Veteran |
09-Mar-2017 07:44
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Mnv Sold their shares to the ltalians??? | ||||
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shadow
Veteran |
08-Mar-2017 23:32
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Fincantieri very cheapskate - Final Offer price 24cts only!! Assuming they already owned 72% of the 1.18b shares in Vard (approx 850m shares), all they need to buy up the remaining 330m shares in Vard to delist it . If they could up revise the offer price to 34cts (paying 10cts more just extra S$33m) the chance would be much much higher to take them private. The just need approximately 212m shares surrendering to them to achieve (90% - 1.06b) to trigger compulsory delist it. Such a big Italy International Shipping player can' t even afford to fork out that little extra $ to buyout what they think Vard can certainly benefit them in longer term. They like to play cat and mouse game ! If they can afford to offer $1.22 last round to takeover Vard last time, what is the current offer price compare to previously... is peanuts to them now! If they want to carry on playing this game, all minority shareholders should not SELL to them at 24cts...NO SELL.... fight till the end ! |
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intrinsic_play
Member |
08-Mar-2017 22:57
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You can see from their latest results, that their construction loans has been reduced quite significantly...their romanian & vietnam yards are also still well utilized.. they have been adding more revenue streams... from cruise ships, to fishing vessels, and now maintenance of fleets..
I don't think they will issue rights to raise capital through equity markets since from the outset they hv no intention to stay listed?
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sheerluck
Supreme |
08-Mar-2017 12:34
Yells: "Work for your money first then let your money work for you" |
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Even if MVN manage to block the privatisation, they might still be losing. VARD might be the turnaround story of the O& G but if market ciontinue to be risk adverse towards O& G, price upside will be limited. MVN alone hold up the price. Also Fincanteri stands to benefit is MVN is happy to use their own money to hold the price up for them. If the deal really lapse, MVN will be sitting on paper losses for some time until there macro enviroment turns very favourable or if the company has some corporate action to entice the market. But I think VARD boards has quite a few Fincanteri guys liao so easy for them influence VARD decisions. |
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sheerluck
Supreme |
08-Mar-2017 12:22
Yells: "Work for your money first then let your money work for you" |
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They play the rules well!
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razmy3
Member |
08-Mar-2017 10:21
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...they are following the leader..MIW...bunch of c*won |
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shyeo1223
Master |
08-Mar-2017 10:19
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I think it' s also becos SGX is pure USELESS and can allow such offers to be extended endlessly.
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