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Unbelievable... the price is so depressing now.... who's the fool selling the shares at such a low price!!!!
Drifting to 1.22. 
Have to wait and see now.
1.245 already
Not sure how accurate, but may see some action to the upside soon.
when the annual result will be out? any thought what are the next catalysts to the stock? thanks
So glad to hear that investors are holding on ...
There are many buyers snapping up the STX OSV at 1.26 and 1.265, i.e. investors are interested to own this stock at this price and they surely see the great UPSIDE potential ..
At this time 1.26 is well supported and hopefully we see gap up to 1.3 on Monday .. that will boost the morale of many in the counter ...
I also agree with Starlene that the Italian Co has not intention to delist, it is just a formality to give a GO since they hold over 50% ...
Totally agreed , it will soar again after the overhang is removed and it is not easy for the offeror to get > 90%, if you and I and most of the retail investors do not take up the offer.
Just need to be patient...
cheerstan2002 ( Date: 03-Feb-2013 14:44) Posted:
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I agree with you, STXOSV won't get delisted ( difficult to get over 90%) and at present moment, it will succumb to pressure selling .... maybe will reach the support level of 1.25 and hover btw 1.26 - 1.285 till the news of GO is over ...
Then STX OSV will soar again and most probable gap up to 1.36 the resistance ...
Cheers, continue to stay vested and enjoy the ride soon ...
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starlene ( Date: 01-Feb-2013 11:17) Posted:
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DJ MARKET TALK: STX OSV, Cosco, Keppel May Be Vulnerable On Subsea -GS
1019 GMT [Dow Jones] STOCK CALL: If Saipem's (SPM.MI) profit warning has a read-across for the entire subsea E& C market, STX OSV (MS7.SG), Cosco (F83.SG) and Keppel (BN4.SG) are likely vulnerable given their subsea-order exposure, Goldman Sachs says. It says existing orders may be at risk of default if E& C companies' balance sheets weaken significantly, which the house sees as unlikely as Saipem still expects to be profitable in 2013. New order estimates also may be at risk as players may look to pressure new-vessel order prices to relieve their own margins " we see this as possible, though we believe that instead of managing down costs, E& C companies may look to improve margins by improving execution on new projects by using higher quality vessels, which is positive for top class yards like STX OSV and Keppel." It adds, until other E& C companies report earnings and provide guidance, it's premature to ascertain impact. But it notes, even in a bear-case scenario, it sees limited impact on Cosco and Keppel as the house expects limited subsea orders for them. It expects 30% of STX OSV's 2013-14 orders to be from the subsea market, but even assuming no subsea orders, it estimates an only around 13% negative impact on 2013-14 EPS. (leslie.shaffer@dowjones.com)
FY 2010 Earnings Announcement - 15 Feb 2011
FY 2011 Earnings Announcement - 14 Feb 2012
FY 2012 Earnings Announcement - 13 Feb 2013 (?)
Will it be CNY Ang Pao for all shareholders?
Still range bound.
Testing of patience.........see who blink first.....@_@
I argue it's a good thing if they sell out as quickly as possible to remove the overhang and to recirculate shares in market rather than to the new owners.
KissBullnBear ( Date: 01-Feb-2013 11:20) Posted:
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Well support at current level btw 1.26 & 1.265 .. It won't fall below 1.25 which was the level when itrading halted was lifted .. meaning this is the fear level that investor can tolerate ...
And since then it inch down to 1.27/1.28 ..
Hope the deal or good news quickly get release and remove the overhang ... otherwise, it is quite stuck for a while
brenocav ( Date: 01-Feb-2013 12:13) Posted:
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Drifting towards 1.22
downside is limited, but upside is quite promising
Not so sneakily lah, they have to disclose...
I think now everyone vested has no choice but to wait it out... Rock bottom is the take over goes through at 1.22 right? I'm already losing so much on this counter as it is what's another 5 cents
I think now everyone vested has no choice but to wait it out... Rock bottom is the take over goes through at 1.22 right? I'm already losing so much on this counter as it is what's another 5 cents
KissBullnBear ( Date: 01-Feb-2013 11:20) Posted:
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Not a good basis to compare.
You must remember STX Holdings needed a lot of money.
It is possible they squeezed fat dividends from OSV to tide over their need of money.
They can do that because they were the substantial shareholder to make the decision.
Nevertheless, OSV is a money making machine.
I would think the Italians would try to wrap up before issuance of dividends and results release to avoid paying dividends to us.
ericpang ( Date: 01-Feb-2013 10:02) Posted:
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At 1.27 OZ fund mgt don't lose after receiving the bumper dividends..STXOSV is same situation as F& N will unlikley get delisted as not eay to cross 90% mark,50% is easier.
quote someone from STX OSV made this comments..if applied to F& N will work??? Since Thai guy Chaoren has indicated he intends to keep F& N listed having offer.50% becomes unconditional,but unlikley he will get > 90% do F& N will remain listed and maybe price will soar from base $9.55...some american based investors have bought from > $9.60 a significant stakes will unlikley give in to the Thais..yr opinion plse