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Great news! Holding onto my shares.
STXOSV $1.555 COME M
NEY COME
NEY COME
More to come.
Two contracts amount to NOK 1,400,000,000 = SGD 313,651,800
Hohoho. Rock n roll
Two valentine's day gifts in one night.
STX OSV SECURES CONTRACT FOR ONE OFFSHORE SUBSEA CONSTRUCTION VESSEL FOR FARSTAD SHIPPING
Singapore, 14 February, 2013 – STX OSV Holdings Limited (“STX OSV”), one of
the major global designers and shipbuilders of offshore and specialized vessels, is
pleased to announce that it has secured a new contract for the design and
construction of one Offshore Subsea Construction Vessel (“OSCV”) for Farstad
Shipping (“Farstad”).
This newbuilding, designed for subsea and IMR (Inspection, Maintenance and
Repair) operations, is part of Farstad’ Shipping’s fleet development within the
subsea market. The value of the contract amounts to approximately
NOK 800 million.
Valentine's Day gift from STXOSV!?!
cheerstan2002 ( Date: 14-Feb-2013 20:40) Posted:
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omg, in your bin? mine will be inside town council bin beside the letter box ... haha
triphopper ( Date: 14-Feb-2013 22:18) Posted:
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Document already in my bin... 
Highly agreed!!! Just ignore the shiiit offer letter. Once the offer lapses, the share shall pick up......
starlene ( Date: 14-Feb-2013 20:41) Posted:
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Received offer document and have decided to reject it. Thinking of buying more lots...
Any objection!!???........if Hoot another 100 lots tomorrow!!!!
Under Singapore's rules,companies can be delisted if the proposal receives 75% shareholders' approval as well as objections from no more than 10%.alternatively if the Italian Co succeeds in acquiring .90% of STXOSV,it can compulsorily acquire the rest of it from the remaining minority holders,which is highly unlikley in this case..at this price $1.245-1.25,it's worth the bet
This rule comes into play because we don't want the controlling shareholder i.e the Italian Co to start asset stripping and benefiting itself
This rule comes into play because we don't want the controlling shareholder i.e the Italian Co to start asset stripping and benefiting itself
cheerstan2002 ( Date: 14-Feb-2013 20:40) Posted:
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Yes, I agree this is really good news ..
NOK 600millions is about $135million... sounds very very good!
Actually I believe STX OSV will win more and more contract becos of its niche market and now partnership with Fincantieri Oil & Gas S.p.A.will make it more visible in Europe ..
Hopefully, it will chiong UP to at least 1.3 in near term and then inching upward towards 1.5 after the cash offer lapsed on the 13 March 2013 ... Cheers!
Under Singapore's rules,companies can be delisted if the proposal receives 75% shareholders' approval as well as objections from no more than 10%.alternatively if the Italian Co succeeds in acquiring .90% of STXOSV,it can compulsorily acquire the rest of it from the remaining minority holders,which is highly unlikley in this case..at this price $1.245-1.25,it's worth the bet
This rule comes into play because we don't want the controlling shareholder i.e the Italian Co to start asset stripping and benefiting itself
brenocav ( Date: 14-Feb-2013 19:04) Posted:
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Yes, I agree this is really good news ..
NOK 600millions is about $135million... sounds very very good!
Actually I believe STX OSV will win more and more contract becos of its niche market and now partnership with Fincantieri Oil & Gas S.p.A.will make it more visible in Europe ..
Hopefully, it will chiong UP to at least 1.3 in near term and then inching upward towards 1.5 after the cash offer lapsed on the 13 March 2013 ...
Cheers!
Peter_Pan ( Date: 14-Feb-2013 17:12) Posted:
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This circular by Ernst & Young should be issued soon.
Appointment of Independent Financial Adviser
The Board of Directors (the " Board" ) of the Company refers to the announcement made on
23 January 2013 (the " Offer Announcement" ) by Credit Suisse (Singapore) Limited and
Nomura Singapore Limited, for and on behalf of Fincantieri Oil & Gas S.p.A. (the " Offeror" ), a
direct wholly-owned subsidiary of Fincantieri – Cantieri Navali Italiani S.p.A., in relation to the
mandatory unconditional cash offer (the " Offer" ) by the Offeror to acquire all the issued
ordinary shares (" Shares" ) in the capital of the Company, other than those already owned,
controlled or agreed to be acquired by the Offeror, its related corporations and their
respective nominees.
The Board wishes to inform shareholders of the Company (" Shareholders" ) that it has on
28 January 2013 appointed Ernst & Young Corporate Finance Pte. Ltd. (the " IFA" ) as the
independent financial adviser to advise the Directors of the Company who are considered
independent for the purposes of the Offer (the " Independent Directors" ).
A circular containing, inter alia, the advice of the IFA and the recommendation of the
Independent Directors in relation to the Offer (the " Circular" ) will be sent to Shareholders in
due course.
In the meantime, Shareholders are advised to exercise caution when dealing in their
Shares and to refrain from taking any action in relation to their Shares which may be
prejudicial to their interests until they or their advisers have considered the
information and the recommendations of the Independent Directors as well as the
advice of the IFA set out in the Circular to be issued in due course.
MISCELLANEOUS :: STX OSV SECURES CONTRACT FOR ONE OFFSHORE SUBSEA CONSTRUCTION VESSEL FOR SOLSTAD OFFSHORE
Finally some good news...
Finally some good news...