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Vard Holdings
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tthsteve
Member |
07-Dec-2016 17:18
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Me too!   Not selling unless they counter offer 30c or more.  24c is too cheap.
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sriramanv
Master |
07-Dec-2016 15:53
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I am not accepting unless they revise the offer somewhere close to 30c... with the recent opec news, and without the offer, this would have already reached close to 30c...  
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spore1
Supreme |
07-Dec-2016 14:58
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No gd price. Trying to get 23/23.5 to make some Kopi m
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sapneela
Member |
07-Dec-2016 14:57
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I dont know why analysts fail to recommend in the true interests of retail investors.
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sapneela
Member |
07-Dec-2016 14:54
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Sure. 0.24 is not good price. In oil cycle upturn , which is just starting, this share can fetch a dollar. Barely an year ago, it was 30 cents. 3 years ago when oil market was on peak, it was more than $1. In a couple of years we can sell it for more than thrice of current offer price. Retail investors should not accept the offer from Fincantieri. |
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rabbitfoot
Master |
01-Dec-2016 10:51
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Hopefully KPMG as IFA can see this
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BBbull
Senior |
01-Dec-2016 06:08
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Is 0.24 a fair price now**
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BBbull
Senior |
01-Dec-2016 06:07
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Oil production cut, should be good for vard in long term. 0.24 is a fair price if there was not a cut but is 0.24 a fair price? Offer has to be raised! | ||||
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sheerluck
Supreme |
23-Nov-2016 17:34
Yells: "Work for your money first then let your money work for you" |
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Pretty standard outcome for a delisting coy.
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Qanghoo
Supreme |
23-Nov-2016 17:30
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Is this the only stock mkt in the world where px seems artificially controlled at two same bids every day since day two of the privatisation announcement?  Small fries like us seem no way of getting in other than 235, n no way out other than 24. 
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sheerluck
Supreme |
23-Nov-2016 17:21
Yells: "Work for your money first then let your money work for you" |
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VARD appointed KPMG as IFA. Now everytime i see VARD, I SAD. |
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Qanghoo
Supreme |
21-Nov-2016 09:30
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These qs are like parking the bus in football parlance.  Buy, sell qs all fake one.  So, small fries can only sell at 235 n buy at 24, no two ways abt it.  This is condoned by sgx, just live with it.  Period. 
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autojogg
Member |
21-Nov-2016 09:07
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wht bid queue at 9.07am so big at around 46million? - but not moving.... |
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sriramanv
Master |
20-Nov-2016 15:00
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I am also not going to accept the offer though my entry price is lesst than 16c... I   bought multiple hundreds of lots hoping a good fortune and no way to accept this offer... let us see what happens... i feel likely they will increase the offer price... |
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lazycat88
Member |
20-Nov-2016 14:53
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$0.24 per share is a ridiculous offer.   The recommendation by the some analysts to accept the offer is centered on the assumption that the cruise ship orders received recently are one-offs and might not be recurring.   That is short-sighted.   In today' s climate, it is more about survival than anything else.   With the large cruise ships orders that Vard  received recently, survival is no longer an issue and cash flow will improve going forward.   Vard  has already been through the darkest days and earnings should improve over the next few quarters.   The management, in the earning call, did indicate that certain cash flow recognition was delayed to the current quarter due to the delivery date of some vessels being in Oct instead of Sep.   As long as Vard can survive intact, Vard will be in a good position to ride the upswing when oil price finally recover.   In contrast, some of its competitors might no longer be around by then.   The big drop in NAV is due to negative equity at the Brazilian yard and will not be recurring.   At some point, order intact for the Brazilian yard will pick up due to local content requirements. As shareholders, we should be more concerned about the long term profitability of the company.   As long as Vard can generate sufficient cash flow to ride over the current crisis,   it will emerge stronger to ride the next upswing.   With the recent cruise ship orders   materialized, cash flow is no longer an issue and hence the risk of insolvency is low.   I will definitely not accept the offer.   As most shareholders have entry price way higher than $0.24, I believe it is highly unlikely for this GO to turn unconditional. As usual, do your own due diligence.   The above are my personal opinions and in no way should this be construed as a recommendation.    |
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jakob.s
Member |
20-Nov-2016 12:29
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This is initial offer only. No need to accept the offer now. Let the institutional investors negotiate higher price. |
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Qanghoo
Supreme |
18-Nov-2016 09:30
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This I fully share.  The knowhow n clientele n network  base is immeasurably valuable.  That was why I opined that it cld retrace to the glorious dollar+ base, maybe sooner rather than later.  But sad this is happening at such ridiculous px.  In part, I feel the bourse' s  apparent  lack of drive to  get out of the sinking trap has contributed to the situation.  N what are the champions of investors?  Hahaha .....
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Benjamin_29
Member |
17-Nov-2016 23:45
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Don' t be fooled by the fact that this company' s NAV is only $0.36. The intangible value of its knowhow, supply chain, networks and business relationships are worth much more. In my opinion, $0.24 per share is definitely not justified enough for me to sell   |
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Benjamin_29
Member |
17-Nov-2016 23:37
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http://www.marinelog.com/index.php?option=com_k2& view=item& id=24037:technip-names-advanced-dsv-deep-explorer& Itemid=222 |
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crispincephas
Member |
17-Nov-2016 22:45
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