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1.24 will be a good entry point...
If Fincantieri is not buying the shares from OZ, then isn't it a better scenario? Means it is unlikely, that their GO at $1.22 will be accepted. Anyway, only Fincan and OZ are substantial shareholders in STX OSV right now. OZ may be raising some capital for themselves cuz if you check their performance, their funds haven't been performing well.
That fearful $1.22 may not be realized at all. In the first place, do Fincan have enough 'space' to buyout STX OSV even at that price?
lets hope the momentum will cont to go up ! Cheers
Peter_Pan ( Date: 16-Jan-2013 19:25) Posted:
| STXOSV is a money machine. Depends on how you play it. |
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STXOSV is a money machine. Depends on how you play it.
If u r a trader, happy worrying in any stock u buy.
If u buy shares to own a part of the company, just look at their financial statement and annual growth. Based on 3Q 2012 compared to 3Q 2011, their earnings is much lesser. So is it worth to buy at $1.2 $1.3 $1.4 is all how u interpret/value the company mah. Less 570m NOK or 125m SGD in profit compare to FY 3Q 2011. This is my rough estimation, i stand corrected. not a super fundamental analyst.
I do hope the dividends can at least maintain a good yield. And if FIncan keep true to their words and do not involve with the management and dividends, i should have no doubts to stay with it.
After all an annual dividend yeild of estimatedly 21% is mouth-watering (though include a special interim). Imagine 5 years to 13 years holding it, and the dividend payout already paid u back your invested capital. whatever u sell later on is already pure profits. of course, should know when to exit and not just die die waiting 13 years.
annual report havent even come out also... though getting delisted is worrying. if the management no interference. stay listed. price go down lower... i also want buy some more... the fincan interference is making the future cloudy. damn them. but if price go lower and everything unchanged, isnt it a wonderful opportunity to enter again.
Depends on how much they value owning 100% of the company. Many corporates are satisfied with just owning majority control so that they can influence management decisions and also consolidate the subsidiary's financial results.
merlin_magic ( Date: 16-Jan-2013 16:07) Posted:
| So i guess that the stone is cast.. The Italians now have a very good chance of privatizing it. |
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i think some ppl r still holding on to their purchased price of $1.60 & above and is waiting for a better offer price ..
So i guess that the stone is cast.. The Italians now have a very good chance of privatizing it.
The disclosure from SGX only made reference to Fincantieri's pre-conditional GO. But it did not state who the buyer is. But unlikely to be Fincantieri. Under Listing Rules, in a mandatory offer, the offer price cannot be lower than the highest price paid by the offerer within the six months leading up to the beginning of the offer period.
Fincantieri's offer will only be made after they complete the 51% acquisition of STX OSV's shares which is expected to be completed by April 2013. Thus, if they acquire now at S$1.3 plus, they will need to purchase rest of the shares at its highest purchase price.
OZ is making a married trade to a 3rd party, so someone must believe in STX OSV enough for them to buy 30 million lots.
Billongkokeng ( Date: 15-Jan-2013 17:41) Posted:
OZ Parties has been selling their STX OSV shares to the Fincantier (Italian Party) over the last few days. Extract from SGX Disclosure news as following:
1) On 3/1/13 sold 386 lots @ $1.3226 per share
2) On 8/1/13 sold 4.924 million lots @ $1.348 per share
3) On 9/1/13 sold 1.289 million lots @$1.345 per share
4) On 11/1/13 sold 1.024 million lots @$1.351 per share
5) On 14/1/13 sold 30 million lots @ $1.315 per share (?????) Is this a sign of more selling at lower price?
According to today news under SGX Disclosure news, the OZ Parties following the sale transaction on the 14/1/13, owns approx 8.94% of the the total SOP Shares. Would grateful appreciate somesome could share some insights/views/comment pertaining to the above.
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Many players are "
tarn ga siao" and "
jia buay liao" ...
Very easy to make money in stocks... lol...
Recently, one forummer used to show a picture of a man (himself) pulling a heavy bag of gold... lol...
Peter_Pan ( Date: 16-Jan-2013 13:19) Posted:
I have shorted this stock big time back in october last year. Laughed already.
MtFaber ( Date: 16-Jan-2013 12:40) Posted:
| Looking at the chart, only shortists at higher level are laughing. I don't see any reversal pattern yet. It's still in the downtrend.
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I have shorted this stock big time back in october last year. Laughed already.
MtFaber ( Date: 16-Jan-2013 12:40) Posted:
| Looking at the chart, only shortists at higher level are laughing. I don't see any reversal pattern yet. It's still in the downtrend.
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I think the market price for this counter is over optimistic in spite of STX Group selling to Fincan at 1.22. As I have said earlier, STX OSV is
the milking cow for STX Group because they need money. My guess is that Fincantieri which will have influence over STX OSV from now on
may not be that generous. I don't think STX Group is that blur to sell Fincantieri at a discount. Only time will tell. Fincantieri may have paid a
a premium at 1.22. From chart you can see STX OSV can swing wildly according to the OSV business cycle!
Past div was 10c but let's say this time it's half so the div will help to make it 1.27 if it falls to 1.22... This is one way of looking at it...
GorgeousOng ( Date: 16-Jan-2013 12:33) Posted:
Hold is ok, just worry it may drop to 1.22.
New123 ( Date: 16-Jan-2013 12:09) Posted:
| u r welcome! so long u r able to hold, i think u may be able to make some profit |
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You must have lost quite a bit in the past. Learn from it is good. All the best to you. Cheers.
iPunter ( Date: 16-Jan-2013 12:52) Posted:
When one loses money, one must not blame others,
or be angry at others. One must blame only oneself
for having the wrong approach to the market... |
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When one loses money, one must not blame others,
or be angry at others. One must blame only oneself
for having the wrong approach to the market...
Ma Hou Pow x3
iPunter ( Date: 16-Jan-2013 12:44) Posted:
Those who shorted at higher prices have made the right bet.
Bet right, make money, bet wrong, lose money.
In simple terms, in stocks, all is betting...
MtFaber ( Date: 16-Jan-2013 12:40) Posted:
| Looking at the chart, only shortists at higher level are laughing. I don't see any reversal pattern yet. It's still in the downtrend.
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Those who shorted at higher prices have made the right bet.
Bet right, make money, bet wrong, lose money.
In simple terms,
in stocks, all is betting...
MtFaber ( Date: 16-Jan-2013 12:40) Posted:
| Looking at the chart, only shortists at higher level are laughing. I don't see any reversal pattern yet. It's still in the downtrend.
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Looking at the chart, only shortists at higher level are laughing. I don't see any reversal pattern yet. It's still in the downtrend.
Ma Hou Pow x2
iPunter ( Date: 16-Jan-2013 12:36) Posted:
Sifu is wrong to assume it is mahoupao...
If one has an objective and workable system of play, there's no question of mahoupao at all.
For when one trades like a zombie (without emotion), one does not entertain things such as mahoupao.
One simply acknowledges the fact that one can be wrong, and act strictly acccording to one's plan.
Peter_Pan ( Date: 16-Jan-2013 12:16) Posted:
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