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STXOSV

wah..so sudden the price jumped..

 

The Europeans are coming into town.

15:02pm huge buy order.

 

Good point. This counter has been on a down trend for at least 2 months. Lets not talk about the future. Coz nobody can predict exactly what's going to happen. Even if it rises back to 1.3 region. You would have missed out making money on other counters in these 2 months. STI has been on the rise and there are plenty counters to choose from. Swiber Chinaminzhong ezion and the list goes on

arowana1      ( Date: 24-Jan-2013 12:36) Posted: what price it is today ... can be high for tomorrow if prices continues to drop.  when cut decision is made, we jsut have to find a right price to cut.  so today, i cut at almost day high.  i could be wrong but i am still holding 2/3.  do not want too much exposure anymore and money can be made from other counters. iPunter      ( Date: 24-Jan-2013 11:45) Posted: Always cut when it is high... not after it has dropped a lot...   But understandably, when it is high, not many will be thinking of selling...

 

That is so true for me personally  :)    My experience is  fundamental  should  eventually prevail, and for those stock that I let go because of panic sell, it eventually rebound to reach my selling price. 

iPunter      ( Date: 24-Jan-2013 11:45) Posted: Always cut when it is high... not after it has dropped a lot...   But understandably, when it is high, not many will be thinking of selling... arowana1      ( Date: 24-Jan-2013 10:17) Posted: losing faith with stxosv.  i cut 1/3 holdings today ...

 

what price it is today ... can be high for tomorrow if prices continues to drop.  when cut decision is made, we jsut have to find a right price to cut.  so today, i cut at almost day high.  i could be wrong but i am still holding 2/3.  do not want too much exposure anymore and money can be made from other counters.

iPunter      ( Date: 24-Jan-2013 11:45) Posted: Always cut when it is high... not after it has dropped a lot...   But understandably, when it is high, not many will be thinking of selling... arowana1      ( Date: 24-Jan-2013 10:17) Posted: losing faith with stxosv.  i cut 1/3 holdings today ...

 

when will they be releasing the Full year result?

 

Always cut when it is high... not after it has dropped a lot...

  But understandably, when it is high, not many will be thinking of selling...

arowana1      ( Date: 24-Jan-2013 10:17) Posted: losing faith with stxosv.  i cut 1/3 holdings today ...

 

STX OSV – MER sets $1.82 target price
STX OSV called for a trading halt early in the morning yesterday, before the equity markets opened. However, the company will resume trading today after announcing on the SGX that Fincantieri completed the acquisition of 50.75% of STX OSV from its parent company at a price of S$1.22 per share.   Macquarie’s STXOSV warrants Code Name Type Expiry Exercise Price
R3SW	STXOSV MB eCW130801	Call	01-Aug-13	1.45

 
On 9 January 2013, Macquarie Equities Research released a research report with an Outperform recommendation and 12-month price target of S$1.82 which is 41.1% above its recent closing price of S$1.29. Below are some excerpts from the report.
 
Period of consolidation ahead
STX OSV will go through a transformational change in 2013, in MER’s view, given that its parent company recently decided to sell its 50.8% stake to an Italian shipyard. MER believes this is a big positive for the company as there are synergies with the new parent plus STX OSV will now be able to keep some of the annual cash flow and invest it in growing the company.
 
Growth, the Achilles heel for the company, can be taken care of now: Despite being the No.1 vessel builder in the world in terms of market share, a cash rich balance sheet, 13% free cash flow yield and 25-30% return on equity, investors have often rued the lack of earnings growth in STX OSV. The main reason behind that has been 100% utilization of yards and an inability to increase capacity as its Korean parent had been pulling out all the cash in the form of dividends (reflected in the high 10-12% div yield in the past 2 years). Now, with the change in parent, STX OSV can hopefully keep ~50% of the cash it generates annually and invest it in new projects (new yards in various countries) and grow revenues.
 
Significant synergies with the new parent: The new parent, a 99.4% state owned shipbuilder in Italy called Fincantieri, is a cash rich company with operations dating back 20 years and yards all over Europe. STX OSV and Fincantieri could have significant synergies in terms of new capacity and new customers.
 
MER’s numbers are very conservative:MER’s earnings estimates are now 5% and 3% below consensus for 2013 and 2014. MER has not built in any potential growth from the new synergies – in terms of capacity or customers – which MER believes could provide a big upside to both consensus and its numbers.
 
MER’s action and recommendation
Minority shareholders will reject the S$1.22 offer price: STX OSV is trading at S$1.34, far above the S$1.22 that Fincantieri has offered the company’s Korean parent. This implies that minority shareholders will reject the offer price when a general offer is made in the next 3 months. MER thinks Fincantieri might be happy with keeping its stake to 50.8%.
 
Negatives priced in stock at ~7x P/E MER’s target price implies 10x: MER thinks the stock will start running on fundamentals like its strong balance sheet, cash flow generation and upside from new synergies. Singapore listed peers are trading at 12-15x 2013E price to earnings. Despite the inferior growth that MER is building, the stock deserves to trade at least at 10x, in MER’s view.

 

Only ignorant investors will sell at such a low price today....

Nopainnogain      ( Date: 24-Jan-2013 03:01) Posted: tomoro morning sure will drop .. due to market fear

 

Oh, today The Edge reported that US investment companies are looking at Singapore Offshore and Marine Companies to invest.

STX OSV's name will be highly  changed to  Fincantieri OSV, if the takeover is not succesful. So let keep the faith!

The company will  be the proxy to the Oil and Gas sector, and Emerging Markets.  

O la!

 

Italians are laughing to the banks. Buying a TOP OSV maker at such a cheap price. It is like buying SembMarine at $4.10 in 2012. 

Bought more.

Heavily Vested.

 

losing faith with stxosv.  i cut 1/3 holdings today ...

 

11 FEB 2013 Q4 2012 STX OSV Holdings Ltd Earnings Release

 

Very very good! Prices supported at $1.25 region with 3 mil volume 1/2 an hour into trading.

 

Sifu is very " zhun" ... this morning's low is 1.25... 

Nopainnogain      ( Date: 24-Jan-2013 03:01) Posted: tomoro morning sure will drop .. due to market fear

 

The recent Halt of STX OSV didn’t actually release information that not known before…

The reaction so far (lowest $1.25) may be a momentary reaction of some confusion maybe …

Let see how it develop from here… more incline to think that it would above $1.30 again…

 

Price no hit 1.22 equals to safe!

 

You sound like a stock veteran... 

Connietan      ( Date: 23-Jan-2013 20:38) Posted: keep until the price up up up。 。 。 。 。 never sell until price up !!!!!

 

 

My bet.....STXOSV will remain listed + penny dividens payout........

Near term TP will cheong to $1.63 ...... Year End $2.20..............

I'm waiting signal to Sai-lan....................... 

Strongest suggest HOLD with TP $2.20         




 

     

 

 

tomoro morning sure will drop .. due to market fear