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Vard Holdings
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GorgeousOng
Supreme |
24-Jul-2013 09:56
Yells: "Hehehaha...enjoy life n live to the fullest..." |
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Emmm... Let me check how many bullets I have now...ok?😏
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Peter_Pan
Supreme |
24-Jul-2013 09:52
Yells: "kopi-o siu dai mai hum!" |
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Can make use of the weak China data to gain entry. | ||||
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p0emmm
Member |
24-Jul-2013 09:49
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Uphill from now.. | ||||
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Peter_Pan
Supreme |
24-Jul-2013 09:46
Yells: "kopi-o siu dai mai hum!" |
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The biggest BB has spoken...it's time to invest in this counter. | ||||
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ozone2002
Supreme |
24-Jul-2013 09:42
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Vard is the world leader in the construction of support vessels for oil and gas extraction and production. cheapest O& M stock n what's more it's the world leader in it's industry.. standby for reversal from downtrend.. i'm watching VARD |
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WanSiTong
Supreme |
24-Jul-2013 09:38
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The Board of Directors of Fincantieri met today, July 23, 2013 to examine the Group's performance in the first half of 2013: On 23 January, Fincantieri completed the acquisition of a controlling interest (50.75%) in STX OSV (now renamed Vard), and raised its stake to 55.63% after the completion of the mandatory tender offer made under the rules of the Singapore Stock Exchange. Vard is the world leader in the construction of support vessels for oil and gas extraction and production. The acquisition is part of the strategy to diversify and internationalize the Group’s operations toward businesses and geographical areas with higher growth and profitability prospects. This acquisition doubles the Group's size to some euro 4 billion in annual revenues and approximately 20,000 employees, in 21 shipyards located in 3 different continents, and allows the Group to positionitself as leader in all the high value-added and high-potential segments of the shipbuilding industry. The first half of 2013 reports an EBIT of euro 101 million (euro 34 million at 30.06.2012), an EBITDA of euro 137 million (euro 68 million at 30.06.2012) and revenues of euro 1,934 million (euro 1,233 million at 30.06.2012). These positive operating results have been obtained in a market environment that remains challenging despite some initial signs of recovery, and have benefited from the first-time consolidation of the Vard group effective from 23 January 2013.
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WanSiTong
Supreme |
24-Jul-2013 09:36
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July 23, 2013 Fincantieri Triples First Half 2013 Operating ResultsStrong Growth Thanks to Acquisition of VARD
 The Board of Directors of Fincantieri met today, July 23, 2013 to examine the Group's performance in the first half of 2013: On 23 January, Fincantieri completed the acquisition of a controlling interest (50.75%) in STX OSV (now renamed Vard), and raised its stake to 55.63% after the completion of the mandatory tender offer made under the rules of the Singapore Stock Exchange. Vard is the world leader in the construction of support vessels for oil and gas extraction and production. The acquisition is part of the strategy to diversify and internationalize the Group’s operations toward businesses and geographical areas with higher growth and profitability prospects. This acquisition doubles the Group's size to some euro 4 billion in annual revenues and approximately 20,000 employees, in 21 shipyards located in 3 different continents, and allows the Group to positionitself as leader in all the high value-added and high-potential segments of the shipbuilding industry. The first half of 2013 reports an EBIT of euro 101 million (euro 34 million at 30.06.2012), an EBITDA of euro 137 million (euro 68 million at 30.06.2012) and revenues of euro 1,934 million (euro 1,233 million at 30.06.2012). These positive operating results have been obtained in a market environment that remains challenging despite some initial signs of recovery, and have benefited from the first-time consolidation of the Vard group effective from 23 January 2013.
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p0emmm
Member |
24-Jul-2013 03:31
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most of us are in this together.. can only pray things will get better...
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newbie888
Veteran |
24-Jul-2013 00:56
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hope we are able to hold through this and samba together in the end....see im losing sleep over my losses already...hahaha.... | ||||
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SFGuyRuleZ
Veteran |
24-Jul-2013 00:48
Yells: "You are your own master.." |
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Since everyone is guessing I shall also input my guess.. If down, Fincantieri can buy in all our lots at a much cheaper price, which is a sweet dream for them, but a nightmare for us, especially those long term investors who bought in high, above 1.22.. That's provided if there are people who are even willing to sell to them. For all the hassle (and it might not be even successful), is very unlikely they will do such a cheapskate thing. Reflects bad on themselves and only gives themselves a bad reputation and lousy credibility. Worth it?? If up, and if through placement of shares to raise capital for expansion in the future, they can obtain more bullets at an attractive price. If they perform good, people would have no qualms subscribing to their shares and that's one of the benefits of good trust between investors and company - good investor relations. Even if they have to keep listing, investors would have confidence, based on the results they deliver. And if one day, they have to sell Vard to another party, a high share price only gives them more profits (capital gain). Ultimately, I am not Fincantieri and I would not know what they are up to. Everything is just a guess only. And if they really so super rich as assumed, I don't think is an issue for them to buy from us for maybe 2.2 in the future, unless they are super stingy. But I never really hear of anyone who can be super rich by being stingy. What Bro Teeth53 highlighted is good food for thought though. If one really very interested in this counter but really scared of this scenario that the price is suppressed deliberately for privatization, can always don't vest or don't vest so much. But I still believe strongly that this scenario is most likely impossible. But just my opinion and guess.. Do your own due diligence. Time for bed..
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p0emmm
Member |
24-Jul-2013 00:44
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Giuseppe Bono, Fincantieri’s Chief Executive Officer, has commented: " There are reasons to be reasonably optimistic about the future, especially if the Fincantieri system and the national system will achieve a unity of purposes focusing on sectors that stimulate exports and employment and attract major foreign investments in Italy." | ||||
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p0emmm
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24-Jul-2013 00:35
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That's what I thought so too. It's only a matter of time before it starts to pick up. It may not be tomorrow, the day after, but it'll definitely go up eventually!
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novice_trader
Elite |
24-Jul-2013 00:20
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Hahaha... Bro teeth53, old habits cannot die... Tired but brain still wants to read SJ... Alamak. Hope u Huat big big tml as well bro teeth53.
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heavenknow
Member |
24-Jul-2013 00:09
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This link to the article is here - http://www.maritime-executive.com/article/Fincantieri-Triples-First-Half-2013-Operating-Results/ For those who are interested. |
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heavenknow
Member |
24-Jul-2013 00:07
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Fincantieri, Owner of Vard posted outstanding result thanks to VARD. Confirming most of our views that Vard is still a solid firm. July 23, 2013 Fincantieri Triples First Half 2013 Operating Results Strong Growth Thanks to Acquisition of VARD BY MAREX The Board of Directors of Fincantieri met today, July 23, 2013 to examine the Group's performance in the first half of 2013: On 23 January, Fincantieri completed the acquisition of a controlling interest (50.75%) in STX OSV (now renamed Vard), and raised its stake to 55.63% after the completion of the mandatory tender offer made under the rules of the Singapore Stock Exchange. Vard is the world leader in the construction of support vessels for oil and gas extraction and production. The acquisition is part of the strategy to diversify and internationalize the Group’s operations toward businesses and geographical areas with higher growth and profitability prospects. This acquisition doubles the Group's size to some euro 4 billion in annual revenues and approximately 20,000 employees, in 21 shipyards located in 3 different continents, and allows the Group to positionitself as leader in all the high value-added and high-potential segments of the shipbuilding industry. The first half of 2013 reports an EBIT of euro 101 million (euro 34 million at 30.06.2012), an EBITDA of euro 137 million (euro 68 million at 30.06.2012) and revenues of euro 1,934 million (euro 1,233 million at 30.06.2012). These positive operating results have been obtained in a market environment that remains challenging despite some initial signs of recovery, and have benefited from the first-time consolidation of the Vard group effective from 23 January 2013. The strength of the Group's capital and financial structure is confirmed by the Net financial position (excluding the Vard group's construction loans) reporting a cash surplus of euro 183 million and the Shareholders’ Equity (excluding minorities) of euro 959 million, of which euro 326 million in reserves. The financial statements also include euro 161 million in provisions adequate to cover specific risks and potential charges. Capital expenditures in the period, of euro 103 million, mainly relate to projects aiming at enhancing the production efficiency and improve safety and environmental standards at the Group's Italian yards, and to the continuation of programs to increase production capacity at foreign yards, particularly those in the US and the new one in Brazil. On the commercial side, a total of euro 1,843 million in new orders were secured during the first half of the year, confirming the Group's leadership in its different market sectors. In particular, in the cruise segment, the Group signed a contract with Carnival Group for the construction of two cruise ships, for the Holland America Line brand and the Carnival Cruise Lines brand. In the offshore segment, the subsidiary Vard has acquired 6 new contracts for the construction of support vessels serving the offshore oil and gas extraction and production industry. With reference to the naval defence segment, Fincantieri Marine Group, the US subsidiary, has secured an order to build 2 more LCS (Littoral Combat Ships) for the US Navy (part of a contract for 10 ships signed at the end of 2010), as well as an order for 4 small patrol boats for the US Coast Guard. As far as Italy is concerned, it is hoped that the FREMM program will be completed with the award of contracts for the last 4 ships. No new programs have been started by the Italian Navy since 2005 and this obviously raises concerns about the stability of the construction activities at the Italian yards serving the defence segment. As of 30 June 2013, the Fincantieri Group’s order portfolio amounted to euro 10,889 million. The related order backlog of euro 6,829 million, although significant , will still be insufficient to saturate the production capacity at the Group's Italian shipyards. The Company therefore plans to carry on using the Extraordinary Wage Guarantee Fund for temporary lay-offs at Italian shipyards where there is insufficient workload. During the period the Group parent Fincantieri continued to carry out the Reorganization Plan, under the national agreement signed at the end of 2011 with the Ministry of Labour and the majority of trade unions. An agreement was signed on 10 July 2013 with the Italian Government and with all the trade unions for an extension of the utilization of the Extraordinary Wage Guarantee Fund until August 2014. In addition, important contracts were signed during the reporting period with all the local trade unions for the yards in Castellammare di Stabia, Sestri Ponente and Ancona, aimed at ensuring the necessary flexibility of working practices (e.g. multi-period working hours) in accordance to the current market conditions. Among the significant events occurred after the half-year close, it is reported that on 10 July Fincantieri and Regent Seven Seas Cruises signed a contract for the construction of a super-luxury cruise ship, for delivery in 2016, while on 16 July Fincantieri signed a contract with the French cruise operator Compagnie du Ponant for the construction of a small super-luxury cruise ship, for delivery in spring 2015. Giuseppe Bono, Fincantieri’s Chief Executive Officer, has commented: " There are reasons to be reasonably optimistic about the future, especially if the Fincantieri system and the national system will achieve a unity of purposes focusing on sectors that stimulate exports and employment and attract major foreign investments in Italy." |
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newbie888
Veteran |
24-Jul-2013 00:00
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hm....if the price goes down the owner is happy as they may buy in and privatize at an even lower price....but if the price goes up why would they be happy? Unless they benefit from the sales of the shares they have on hand...With billions of book order in the pocket already y would they want to sell the co.?
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teeth53
Supreme |
23-Jul-2013 23:30
Yells: "don't learn through life, learn to grow with life " |
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U so v.tired out, still so active here, Watch tml SPH Reit's show. Have a nice zzzZZZzzzZZzzZzzzz...
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novice_trader
Elite |
23-Jul-2013 23:27
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If tml cannot closed above 0.80 then think another wave of shorties raiding the ship... | ||||
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teeth53
Supreme |
23-Jul-2013 23:24
Yells: "don't learn through life, learn to grow with life " |
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Pineapple123 is right to said n explained...There are several company n most recently I can recall 2 real example. Privatised n go IPO-ed again 1) Amtek 2) courtsAsia |
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teeth53
Supreme |
23-Jul-2013 23:16
Yells: "don't learn through life, learn to grow with life " |
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And the worst is nobody want to play their shares, then die liao. |
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