Vard   

STXOSV

Vard
Last fri 6/7,the management of Vard Holdings (Vard) announced that they anticipate earnings for this quarter (11/7 result release) to be below consensus estimates.
Vard attributed this to further delays and costs overruns at its Niterói yard in Brazil as well as higher start-up costs for its new Promar shipyard.
This came as a surprise to the market as Vard had previously guided that its Brazil operations are coming under control and would stabilize by year-end.

Will pp short on vard (11/7) for bad earnings ?

 

Hohooo....All laughing all the way to the banking.....heheeee

 

lol wont change nick one

GorgeousOng      ( Date: 15-May-2013 16:51) Posted: Hahaaa....those who went in at 1.04....sure huat lia!!! @ nomoney... sawadee kar.....5555....sure got a lot of money now!!!! $$$$$$ dont change your nick hor!!!! Chok dee!!!

 

Heheee.... old one bring more luck lei!!! Big smile!!!

WanSiTong      ( Date: 15-May-2013 17:08) Posted: Hi,   pls post at Vard Holdings leh! Very tire leh, see here see there!

 

Hi,   pls post at Vard Holdings leh! Very tire leh, see here see there!

 

Heheeeee...... happy ending!!!!

 

Hold ......Huat AH !!! Lift off

 

Hahaaa....those who went in at 1.04....sure huat lia!!!
@ nomoney... sawadee kar.....5555....sure got a lot of money now!!!! $$$$$$ dont change your nick hor!!!! Chok dee!!!

 

The worse likely has over... 

 

It's anyone's guess. But I think it is likely margins will still be affected by the Brazil yard in the coming results. But increasingly, there have been pressure from the offshore O& G industry in Brazil and especially Petrobras for the government to lift local content law for at least certain type of vessels as supply to meet local content law is really tight.

Anyway, revenue for shipping building companies are actually quite predictable as can estimate the POC based on existing order books. For sure, the 2 vessels that were supposed to delivered in 4Q12 but ended up being delivered in 1Q13 will contribute to 1Q13 results.

jamesng      ( Date: 12-May-2013 16:26) Posted: So, coming result will include the difficulties they face in Brazil? Or will only show in next result? Thanks BummerHuat      ( Date: 06-May-2013 19:00) Posted: The driver for Vard's business is not really concentrated in any region. The main driver is what are the oil majors' (Shell, BP, etc) expectations of future oil and gas prices. If they think price will increase or remain at current level, then they will spend more on oil exploration and production (E& P) activities. These E& P activities require the use of Vard's vessels. Thus, it is more than just Europe, but rather the world's economy, which in turn affects future oil prices. Vard's brazil yard is currently facing operational issues, largely to do with manpower. Brazil is currently undergoing an oil boom with the discovery of large offshore oil reserves. This puts pressure on manpower, especially due to Brazil's requirement for local content (i.e. a certain percentage needs to be locals). Due to the delays, some of the contracts are not expected to be profitable and have been factored in analysts' forecasts. Going forward, Vard will need to consider these factors in their bid for new Brazil contracts.

 

So, coming result will include the difficulties they face in Brazil? Or will only show in next result? Thanks

BummerHuat      ( Date: 06-May-2013 19:00) Posted: The driver for Vard's business is not really concentrated in any region. The main driver is what are the oil majors' (Shell, BP, etc) expectations of future oil and gas prices. If they think price will increase or remain at current level, then they will spend more on oil exploration and production (E& P) activities. These E& P activities require the use of Vard's vessels. Thus, it is more than just Europe, but rather the world's economy, which in turn affects future oil prices. Vard's brazil yard is currently facing operational issues, largely to do with manpower. Brazil is currently undergoing an oil boom with the discovery of large offshore oil reserves. This puts pressure on manpower, especially due to Brazil's requirement for local content (i.e. a certain percentage needs to be locals). Due to the delays, some of the contracts are not expected to be profitable and have been factored in analysts' forecasts. Going forward, Vard will need to consider these factors in their bid for new Brazil contracts. jamesng      ( Date: 04-May-2013 10:54) Posted: US is doing well, but not europe...is it a cause of concern? Vard's brazil yard is not doing well? Think i read it somewhere, can anyone help to provide me with info?

 

"HAPPY MOTHER'S DAY" to all mothers....hv a blessed day. God bless....

 

Anyone still under stress? Just look at today's weather ...so beautiful ....beautiful Sunday ...you should go to the park to run few rounds..may be run with you dog🙊 ...picnic in the park...take a nap under the beautiful sun....hahaaa of course fishing lah!!! Oh oh ...don't forget your mom n your children's mom too! Have a blessed Sunday!

 

The driver for Vard's business is not really concentrated in any region. The main driver is what are the oil majors' (Shell, BP, etc) expectations of future oil and gas prices. If they think price will increase or remain at current level, then they will spend more on oil exploration and production (E& P) activities. These E& P activities require the use of Vard's vessels.

Thus, it is more than just Europe, but rather the world's economy, which in turn affects future oil prices.

Vard's brazil yard is currently facing operational issues, largely to do with manpower. Brazil is currently undergoing an oil boom with the discovery of large offshore oil reserves. This puts pressure on manpower, especially due to Brazil's requirement for local content (i.e. a certain percentage needs to be locals). Due to the delays, some of the contracts are not expected to be profitable and have been factored in analysts' forecasts. Going forward, Vard will need to consider these factors in their bid for new Brazil contracts.

jamesng      ( Date: 04-May-2013 10:54) Posted: US is doing well, but not europe...is it a cause of concern? Vard's brazil yard is not doing well? Think i read it somewhere, can anyone help to provide me with info?

 

or another way to put it: YOU JUMP I JUMP?

salami      ( Date: 05-May-2013 22:57) Posted: It is a shame that you don't get what I mean. Money is mine. Who is here to dictate when to buy and sell?!

 

It is a shame that you don't get what I mean. Money is mine. Who is here to dictate when to buy and sell?!

 

Then u should also offer to share your profits if commentors/gurus advice help u earn money.

wait, im wrong. since u stated bear your losses... then any profits u made, they should received all of it too.

This " you want to bear my losses if market heading south next week?" plus " you want to get my profits if market heading north next week?"

Then is fair.

 

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salami      ( Date: 04-May-2013 11:56) Posted: don't be so naive to think we can move the market pls. different ppl have diff investing and trading style. you want to bear my losses if market heading south next week? Mardi.tan      ( Date: 03-May-2013 21:49) Posted: All reader of this thread. Pls keep your VArd shares and don rush to sell them.,outstanding shares in market is not much, as long we don sell. Sure it will go up above $1.2 in a very short time. Good luck to all of us.

 

Bro, u also said stx sold stxosv already. Why keep saying stx is parent group. Stxosv, or renamed Vard, belongs to fincantieri now. How badly stx corp perform doesn't affect vard already

teeth53      ( Date: 05-May-2013 11:48) Posted: STX Parent group needed badly to pay back S$1.1 billion corporate debt maturing this years. STX Engine missed payment matured last week.  STX Corp debt faces some 200 billion won in debts maturing this month. Note - Banks private equity is eyeing STX Pan Ocean after opening bidding fail to attract bidders. It has oredi sold STX Energy and STXosv to Vard Holdings. STX (parent) down sizing to re-structure their debt...if not the ship will sink further.

 

STX Parent group needed badly to pay back S$1.1 billion corporate debt maturing this years.

STX Engine missed payment matured last week. 

STX Corp debt faces some 200 billion won in debts maturing this month.

Note - Banks private equity is eyeing STX Pan Ocean after opening bidding fail to attract bidders.

It has oredi sold STX Energy and STXosv to Vard Holdings.

STX (parent) down sizing to re-structure their debt...if not the ship will sink further.


 

 

With all the positive research reports, why is the price still at where it is?????